Friday, November 3, 2017

Time for consolidation

 Time for consolidation
After Sharp Rise
But Trend remain positive side

Market Outlook
After strong rally on yesterday, market cooled and some profit booking seen in market, however trend is still remain positive side and dip to buying opportunity.  Mainly concentrate result stocks where  sharp movement in either side.
Crypto Currency
Now support nearly 6500 $ watch out.
Nifty Spot
Support is nearly 10400-10370, break and trade below some weakness, resistance 10450 – stay above over all buying likely.
Nifty Future
Support nearly 10400-10410, resistance nearly 10470-10500 watch out. Any dip to buy side.
Bank Nifty Future
Support near 25400  + resistance 25650 continue. We are long from 24900   + and our trailing stop loss  in future 25400, if market open advised to book profit and wait for re entry.
PSU  BANK
INDEX
Over all trend is bullish but after V sharp rally some profit  booking seen in  market.  However, any dip to buy side.
Pharma Index
We are bullish from the level of 8800  and our target 10000  have been achieved.  However, trend is still up and dip to buy side.
Metal Index
Over all trend is bullish and time to buy on dip side with consider support 3900-3850 resistance 4000  watch out.

OPEN INTEREST ANALYSIS

 Sun Pharma  long side   15 lacs,  Reliance profit booking 16 lacs shares, Yes Bank  short covering. HCL Tech  - short covering. SBI 14.61 lacs profit booking.  Titan long side 6.80 lacs.



Our Call – Intra Day and Positional  -Future
Titan
Our Rocket call  - buy call above 641 and more added 655 target 665 -670.   Book profit on intra day  - Profit Rs. 37500.
AB Capital
Buy call above 182 target 188 190.  Now if sustained above 192 with volume  - major up move likely.   Yesterday  delivery volume 72 lacs shares.
Yes Bank
Buy call at 320 target 325  - achieved – Profit Rs. 7500
Sun Pharma
Buy call at opening bell and holding
HCL TECH
Buy call above  845 target 860  - achieved
ICICI Bank
Buy at opening bell above 313 target 315 320  -booked.



OPTION CALL STRATEGY
Bank Nifty
Buy call 25500   and exit with small profit.
Nifty Option
Holding long call…………..? for target

Our Delivery & Portfolio Call  -
ONGC
Buy at 150  -    high 190
IRB
Buy call at 210 – high 245
SBI
Buy call at 250   high 350
BOB
Buy call at 137  - Triple bottom formation – high 200
GSFC
Delivery call at 150  +
GAIL
Delivery call at 350 and more added above 420 – Our target 750-1000 for long term investors.
PNB
Buy call at 142    - high 230  -   holding continue.
Can Bank
Buy call at 300  - worst is over… high 463- fully booked
LT
Buy call at 1150 booked at 1240  
AB Capital
Buy call at 200 and more  added at 175 – holding long Target  ?
Tata Motor
Buy call at 370  - holding continue
RK Forge
Buy call at 400 +  high 800
DHFL
Buy call at 530  - high 650
Ashok Leyland
Buy call at 100 and more added 112  - high 132
M&M Finance
Buy call at 400 – holding

WINNING CALL  - YESTERDAY
Titan
Buy around 645 stop loss 641 target 655 – booked Profit Rs. 15000
SBI
Buy above 316 target 320  - booked – profit Rs. 12000

BTST/STBT CALL  - YESTERDAY
Sun Pharma
Buy Call…………..with stop loss
Aurbindo
Buy Call………………………with stop loss…..
VEDL
Buy Call at 344   +  exit at 343 with a loss of 1 point.

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