Monday, November 6, 2017

Time for consolidation

 Time for consolidation
Trading Range of Nifty 10400 to 10500

Market Outlook
Rally and up move continue in market and over all trend is bullish.   Results are continue and positive bias in market. Trade should be positive side and any dip to buy side. 
Crypto Currency
Now support nearly 70000 $ watch out.
Nifty Spot
Decent support 10400-10405   break and trade below first sign of weakness, resistance 10500.  
Nifty Future
Buy on decline with consider support 10430-40425 with stop loss 10390 target 10500  crossover more up side.
Bank Nifty Future
Trend is good with consider support 25400 and once break time to cut longl position and profit should be hand around 500 points.   Upper side resistance 25700 watch out.
PSU  BANK
INDEX
Consider support nearly 3800-3850, resistance 4000, trade and sustained above looks more up side towards 4050 4100.  Any dip to buy PSU Bank stocks like SBI, Bank of Baroda, PNB, Can Bank and Indian Bank.
Pharma Index
We are bullish from the level of 8800  and our target 10000  have been achieved.   Dip to buy side like Sun Pharma, AurbindoPharma, Biocon, Divis Lab.
Metal Index
Resistance nearly 4000  mark with consider support 3900 +. However, some selling were seen in Hindalco and VEDL.

OPEN INTEREST ANALYSIS

Arvomd  long side 15.14  lacs,  Titan long side 26 lacs,. Ujjaivan – long side 14 lacs, Bank of Baroda, long side 42 lacs, Tata Motor, longside 26/41 lacs, IBUL  long side 3.26 lacs,. SBI   long side 19.17 lacs, HDFC Bank   short covering 4.76 lacs, Yes Bank – short cover 23 lacs, and many more.



Our Call – Intra Day and Positional  -Future
Arvind Mills
Buy above 411  and more added above 426 target 440   450.  Profit around 60000 per lot
Century Textile
Buy call 1375 + stop loss 1365 target 1400 1410 – booked profit Rs. 18000
PNB
Result Day  - Buy around 201 stop loss 196 target 210 215 – Profit Rs. 27000   +.
SBI
Buy around 315 + stop loss 311 target 320 325  - Profit Rs. 30000/-
Bank of Barod
Buy call at 170 + stop loss 167 target 173 175  - Profit Rs. 18000
ICICI Bank
Buy call at 314  +   and holding for target  
LIC Housing
Buy call at 610 abolve target 615 620.  

OPTION CALL STRATEGY
Can Bank
Buy call 210 strike at 9 target 13  15  - booked at 13.  Profit Rs. 14000
Hindalco
Buy 280 call at 6  stop loss 5 target 8  10 – stop loss triggered loss of Rs. 35000

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
Arvind Mills
Buy above 415 stop loss 410 target 425 431  - booke at 430  Profit Rs. 40000/-



BTST/STBT CALL  - YESTERDAY
Century Texitle
Buy call at 1400  for target 1430 1450
Sun Pharma
Buy call at 555  stop loss…………….


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