Market Outlook 
 | 
  Market are continue in side way and opened with good note and intra day sharp move but due to  FO expiry profit booking seen in market and unable to hold 10500  and closed below at 10477.  Over all trend is bullish and any dip to buy side.    150 point range in Nifty and time being avoid any trade this range. 
 | 
Bitcoin 
 | 
From High 19843 to 13975.  Now time to corrective rally. However, long term trend is very bullish and any sharp panic to buy side. 
78.6%  15230, 61.8% 16213, 50% 16909, 38.2% 17601, 23.6%18458     
 | 
Nifty Spot 
 | 
Consider support  10449 – break down these level over all selling in market, resistance at 10500-10510  and major resistance 10550. 
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Nifty Future 
 | 
Consider resistance  10530-10550 crossover and stay above it will move upper side, down side support 10490 and 10467. 
 | 
Bank Nifty Future 
 | 
Decent support 25350-25400  and resistance 25700-25800  these 400 point range and break out these range will move one side. 
 | 
PSU  BANK 
INDEX 
 | 
Overall bearishness with consider resistance 3800   and support 3600.  SBI looking bearish and rise to sell side. 
 | 
Pharma Index 
 | 
Trend is very bullish with consider support 9500, crossover 9750  up side target 9900-10000.   
 | 
Metal Index 
 | 
Trend is very positive and sustained above 3900    very hot and big move. 
 | 
  
 | 
OPEN INTEREST ANALYSIS 
 | 
  
 | 
Long side-   OIL India, OFSS, Titan HUL, UPL, JSW Steel 
Short side  :     Hcl Tech 
 | 
   
 | 
  . 
 | 
  
 | 
Important point 
 | 
Highest Rollover 
 | 
JSW Steel   95 % +,  Raymond 95% +, Century Textile   95% +, Dabur   94% 
 | 
Lowest Rollover 
 | 
Ramco Cement    52%, GAIL   57%,  Cumins 61% and BPCL 62%. 
 | 
RELCOM 
 | 
Last two trading session volume nearly 300 crore shares in Cash Market, FO December and Jan 2018. 
 | 
GMR Infra 
 | 
Heavy volume today Cash _ FO  December and Jan 2018    65 crore shares which indicate something cooking in this counter. 
 | 
Delivery Volume 
 | 
Sun Pharma     37 lacs,  Aurbindo Pharma 6.88 lacs,  Rel Com – 7.2 crore shares, GMR Infra – nearly 4.85 crore shares. 
 | 
Highest Put 
 | 
 Nifty Strike Price   10000 – 10300 
 | 
Highest Call 
 | 
Nifty  - 10700-10800-10500  Strike price 
 | 
Dregging Cor 
 | 
Time to avoid and if you have book profit. 
 | 
  
 | 
 
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