Today Bull will Roar

Today  Bull will Roar Nifty Above 10410  up side target 10500 Thereafter slowly and study towards 11293 Trading Range 10250 to 10500  ..................................................................................................... OPEN INTEREST ANALYSIS Long side-      Page Ind.  OFSS, M&M,  Jet Airways, Titan, Hero Motor, Mother sum, SRF TVS Motor, Ceat, SAIL, VEDL, BPCL Short side  :       Reliance Infra, Union Bak, Wipro, HCL Tech. UPL –  Maruti long  11592 contracts, Jet air ways long 1783, Titan 1356 long, M&M  long 3590 Biocon 997 long HDFC Bank, short covering 2595, SBI   24.50 short covering.    ..................................................................................................... Some of our calls   UPL Long  call from 710  - sold at 740 Axis Bank Long call at 548 soldat 554 Tata Motor Long call 414 target 420   acieved. Option Call  10500  - holding from the level of 35   + Grasim Holding Long side HDFC Bank Holding long side M&M We are long from the level of 1430   - closed 1555 Indus Bank Long side + Aur Pharma Long side Jet Airways Long side for big move in coming days. Yes Bank Short side. Market is heading for Event Nifty Range  10033 to 10330 Support – 10208  61.8%  - 10130 (78.6) (Retracement level of 10490   - 10033) Next two days side ways Friday are very crucial…. Nifty Above 10330-10490  -  non stop  target  11293  Support 9995  - below 9750  +

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As mentioned yesterday in this column 10330 is a good resistance and fresh up move above, but today since morning sell off and profit booking and wipe out more than 60 points and closed below 10250.   Short term trend is down as we are going event week so high volatility in market and best way to trade with low volume and strict stop loss, however, chances of up side is imminent.  IT and Pharma sector looks good and likely outperform in market.

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What to do  on event ahead Nifty Future Some more down side  but likely take support and strong bounce back. Bank Nifty Future Bearish set up and more down side, buy near to support level and power ful up side likely M&M Finance Below 450 selling opportunity  HDFC Bank Some more down side  - 1800 call highest accumulation.   DHFL Break down monthly support………..free fall. SBI Continue in trading range but unable to cross their monthly resistance, however,  almost short covering nearly 24 lacs,  buy on dip with consider decent support 310. Grasim Some selling seen but near to support level 1090-1100  do not short sell., Upl Wait for sharp decline  wheres to good opportunity to long side.   Sun Pharma Dip to buy side. Lupin Strent showing amongst all pharma stocks Reliance Near to support level good opportunity to long side. Tata Steel Till not cross 715  - sell on rise strategy Gruh Finance Ready to fly  - big delivery volume seen in last 10 sessions. Infoedge Looks good and buy side

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