Market Outlook
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As expected after sharp rise and nifty continue facing resistance correction was imminent and it was did it on yesterday. As short term support broken so avoid any fresh buying and likely some more correction thereafter decent opportunity will be imerged in market for buy side. Till then avoid fresh long and sell on rise strategy with strict stop loss.
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Crypto Currency
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Now support nearly 70000 $ watch out.
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Nifty Spot
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Support nearly 10300-10280 watch out break and trade below more down side towards 10250 10200, resistance around 10400-10410, crossover and stay above short covering likely. Today break 10325 more weakness towards 10250.
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Nifty Future
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Sell on rise strategy with consider resistance 10450-10460 and support 10350.
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Bank Nifty Future
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Short term support have been broken and sell on risestrategy with consider resistance 25450-25500 and support nearly 25200-25000 watch out.
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PSU BANK
INDEX
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After made a high, heavy selling seen . We may consider support nearly 3800 and below down side support 3748 and 3700, resistance nearly 3920-3950.
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Pharma Index
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Heavy sell of seen after Lupin News and all front linestocks drage down substantially. We may consider resistance nearly 9600-9650, down side below 9300 more selling towards 9100 +
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Metal Index
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Short term trend is bearish with consider resistance 3950-4000 remain below weakness continue.
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OPEN INTEREST ANALYSIS
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Lupin short side 27 lacs, Cipla short side 4.51 lacs, Voltas long side, Tata Motor 23.50 lacs long unwnding, Bhel short side 15.22 lacs, Sun Pharma short side 11.61 lacs and many more.
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Our Call – Intra Day and Positional -Future
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Cipla
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Buy call at 655 stop loss 650 target 660 665 - full booked
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Cipla
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Below 640 hot sell for target 610 600 - achieved
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Tata Steel
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Below 700 hot sell for target 690 +
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AB Capital
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Sell around 210 stop loss 215 target 200 - achieved
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Arvind Mills
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Buy above 450 target 456 460 - achieved.
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PNB
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Buying above 210 only, otherwise sell with stop loss target 200 195 and 191.
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Ashok Leyland
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Buy call at 126 stop loss 123 - stop loss triggered.
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Reliance
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Keep a stp loss 951 and hot sell for target 920 910
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Sun Pharma
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Buy call at 545 stop loss 540 target 560 - stop loss triggered
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OPTION CALL STRATEGY
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Nifty 10500
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Positional call - Exit – stop loss triggered
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Lupin
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Buy 900 put at 42 target 70 80 - booked profit Rs. 16000
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Nifty
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10400 put option buy and hold at 110
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Our Delivery & Portfolio Call -
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ONGC
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Buy at 150 - high 200
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IRB
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Buy call at 210 – booked profit at 250
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SBI
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Buy call at 250 high 350
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BOB
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Buy call at 137 - Triple bottom formation – high 200
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GSFC
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Delivery call at 150 +
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GAIL
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Delivery call at 350 and more added above 420 – Our target 750-1000 for long term investors.
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PNB
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Buy call at 142 - high 230 - holding continue.
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Can Bank
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Buy call at 300 - worst is over… high 463- fully booked
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LT
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Buy call at 1150 booked at 1240
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AB Capital
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Buy call at 200 and more added at 175 – holding long Target ?
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Tata Motor
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Buy call at 370 - holding continue
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RK Forge
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Buy call at 400 + high 800
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DHFL
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Buy call at 530 - high 650
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Ashok Leyland
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Buy call at 100 and more added 112 - high 132
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M&M Finance
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Buy call at 400 – holding
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WINNING CALL - YESTERDAY
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No Call
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BTST/STBT CALL - YESTERDAY
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Cipla
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Yesterday buy call at 655 target 660 664 - booked
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Volts
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Buy with stop loss…………
Cell No. 9301302732 – 9630466296-731-4098347
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