Market out look 8th
Sept. 2017
Nifty Major Resistance 10000-10020
Trend reversal above level.
Unable to cross Selling opportunity.
Market out Look : Market open with good note and whole the day
able to hold 9900 level and closed which
indicate short term positive bias till
hold support level. Metal stocks strong
bounce back seen and likely continue.
However, last 20 sessions market unable to break, so higher level be
cautious time being.
Nifty : Consider support 9870-9880, resistance 9980-10000
mark,
Nifty future :
Sell on rally, consider resistance 9980-10000 mark and support 9900 watch out.
Bank Nifty Future : Consider resistance 24400-24500 range and
support 24100-24000.
Metal Index : Trend is positive and holding
above 3600 looks very bullish and remain
buy side of front line stocks like, Tata Steel, VEDL, Hindalco, JSW Steel
Pharam Index : Resistance at 9000-9050 range and support
nearly 9800 watch out.
OPEN
INTEREST ANALYSIS :
Long side : V guard, Nalco, Arvind Mills and Tata Elexi
Short
Side : Equitus, ITC, SRE Infra and Jet Airways.
OI Spurt :
National Aluminium long
side 19 lacs shares, Equitus – short side 19.61 ITC 42 short side, LIC Housing
6.64 short side, Coal India long side 1.30
HIndalco 10.85 long side, PNB 16 short side, ICICI Bank 35 lacs short
side and many more.
More
details call
9630466296-9203901698
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