Daily News Letter – 16th Oct 2018 Commodity Market

Gold  : Oct. 32071

 Strong bullish view and holding above 31500  buy on decline strategy and up side open towards 32000-32300-32500 in short term.  Trend Reversal 31600

Silver : Dec –  39135

Last two weeksit was strong come back and week to week basis almost added 1000 points and we were bullish above 36000  and almost gained more than 3000 points.  Bullish trend and any dip to buy side. Trend Reversal 38700.  

Crude Oil – Sept    5272

 Last week Brend oil price tumble on bvack of higher invesntory and weakness in USA equity market.  Higher and more and more supply likely correction continue.  However, decent support in NYMEX at 80 dollar once it will break some more weakness, but trend is very positive side.  Consider support 55200  once break down more selling likely, upper side resistance 5300 and stay above over all buying likely.    Major resistance 5520 which is 61.85% of 7784 to 1805.

Copper ---Sept   457

 Copper Mcx- As comex copper is showing that the prices for copper should move towards lower side and it is expected that the movement  in copper mcx would also be similar. And 470 would act as a major resistance for Mcx Copper.  Down side 450 watch out and break down major weakness

Nickel –Sept  927

Over all trend is bearish with consider support 900-8880 range and upper side resistance 865-870, once stay above real blast on card.   Ready for big move once stay above 970 non stop target 1000-1025 likely.

Natural Gas –Sept.  239

 As we were continue writing a bullish but higher level strong profit booking see and finally week to week basis it was coll off 18 points.   Over trend is bullish and time for consolidation

Aluminum –Sept.  150.55

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket.  Holding above 150   looks good and buy on decline strategy. Ready to break out.

ZINC -  Sept.  194

Bullish trend but unableto cross 205 and heavy profit booking seel.  Now time to sell on rise strategy and as long as below 205 weakness towards 190-185-180 also in near term

LEAD – Sept.  1154.50

Finally it has broken resistance level and made a high 156.50. Very bullish view and buy side.

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Daily Morning News Letter – 16th OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

   Nifty Finally take support 10100  + and Bank Nifty 24500

    As long as hold – any dip to buy side.

     Nifty and Bank Nifty Looks break out at higher level. 

     Nifty Above 10550 + Bank Nifty 25500  +  very hot

Market Out Look :

Overall trend is positive but  intraday sharp correction seen and finally able to closed above 10500 mark which indicate short term trend have been change and ready to upper level.  Down side smart money are coming in the market.   Intra day any dip to buy side

Nifty Spot  :  10513

Bullish candle on daily and weekly chart, consider support 10450-10410, upper side resistance 10550, once stay above decent up move on card.   Trend Reversal Level 10368

Nifty Future  :  1517

 NIFTY 50  FUTURE –   over all good and buy on dip strategy with consider support  10480-10450, upperside stay above 10500 gate open towards 10564 and 10600 and above.

Bank Nifty Spot  :  25314

After made a low 24500 strong back and almost 1000 points gained within two trading sessions, so we may consider short term support have been established in market and on holding basis above 25500, upper side open towards 26000-26100-26500 in near term. 

CNX PSU BANKS     : 2707

Volatile movement with consider support  2600-2630 and almost able to hold for the last two week so we may consider short term support and as and when hold up side likely.

CNX IT    :   14737

As we are bearish below 15600  and almost 1000 points  losses seen and almost all stocks was down and selling pressure continue.  Now time to book profit and avoid fresh long

CNX Pharma  : 9774

After made a high heavy profit booking seen but near to 200 DMA and looks that over all good buying opportunity at current level or some decline of front line stocks with consider support 9000 mark.   Auro Pharma, Sun Phalrma, Lupin are looking good.

CNX Metal  : 3424

After weakness again showing some strength and almost U turn seen at lower level.  As long as hold 3200 level no problem and remain buy side.  Any sharp dip to buy side.

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Daily Morning News Letter – 11 th OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

   Bullish Candle in Nifty and Bank Nifty

    Nifty Support 10200  -  Bank Nifty  24500   - as long as hold Bullish View  (Panic up to  Decent buying opporrunity)

     Strong Dip to Buy side  -  Any Gap down opening do not jup to short position.

      Strategy   : Any Buy or Sell   - Wait first 15 minutes   - Buy 15 minutes high and stop loss 15 minutes Low .

       Option Writing Support 10000   - Resistance 11000

     

  Nifty Crash 1496 points (from 11760 to 10294 – Earlier down 1220) points

 Maximum correction likely 15% from High 11760 which is 9996  (50 points in either side )

Major Support -  Nifty  9900-9952   -  Bank Nifty   23605

Market Out Look :

After three weeks fall, market finally taken support at lower level and across the board broad based buying seen like, Banking, Auto, FMCG, Metal, Pharma Reality and only IT sector legards due to profit booking ande strength of rupee.  Over all looks that short term bottom have been established  in market and last week low  10200 are a good support and hold these level up side gate open towards 10500-10750 in coming days.  On the positive side,   heavy long seen in Nifty and Bank Nifty of Out of the Money call and short covering seen in In the Money call.

Nifty Spot  :  10460

Overall strong bullish candle and almost added 150 points above and finally closed with a good note. Short term support 10200-10250 have been established and as long as holding above up side towards 10500-10550. Today support 10400  + good opportunity to buying side.   On FO side, almost 10300 to 11000 strike price short covering seen, whereas in put side, lower side short  covering seen which over all indicate any dip to buy side and market are ready to big move in coming days.

 TREND REVERSAL LEVEL 10538 .Trend is Down – Loss 5.6% last week – Major support of bull market 9800 + (thereafter start bear market)  Earlier swing low  6825—7893-10200.

Nifty Future  :  10466

 NIFTY 50  FUTURE –  strong above and almost 170 points added and whole the day was positive side seen across the board.   Now today consider support 10400-10405  and holding basis up side target 10530-10600 likely.

Bank Nifty Spot  :  25322

On Wednesday strong come back seen and from the low more than 700 points added and overall buying seen in Pvt Sector Bank and PSU Bank.  Consider major support 25000  + and resistance 25500, stay above major break through in Bank Nifty towards 26000   +.   Weekly and monthly support 23600 and likely test in coming days.   

CNX PSU BANKS     : 2819

Strong come back and almost gained  more than 140 points from a low.  Now consider support 2770-2750, upper side resistance 2860  and stay above strong buying towards 2900-2950 likely.  

CNX IT    :     15143

After made a all time high some selling pressure seen and likely continue in near term.   Now consider resistance 15700 and remain below down side target 14700 + in coming days

CNX Pharma  : 9771

After made a high heavy profit booking seen and finally break down 10000 mark and over all selling seen.  However, it has still holding 200 DMA which is a positive sign and any sharp dip to buy side.  Consider resistance 9850  and stay above towards 10150 in short term.

CNX Metal  :  3440

Over all time for consolidation with consider resistance  3500-3540  and stay above think positive bias but lower level good opportunity to buy side.

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market up & down :-

Daily News Letter – 9 th Oct 2018 Commodity Market

Gold  : Oct. 31249

 AS prices in gold comex would face major resistance at 1207$(approx) and in Indian market we would face resistance at 31800-31850.  On the short term trend looks change and selling opportunity at higher level with consider resistance 31300-31400 as remain below sell side

Silver : Dec –  38490

Last two weeks after made a low 36000 almost gained more than 3000 points and made a high 39360.  But some profit booking seen at higher level.  Now time sell with stop loss 39100.

Crude Oil – Sept    5495

 Crude Mcx was in bull run from last almost 70 days and as we are facing resistance at the range from 5650-5700 and the exception is towards the lower side as we could see the rising WEDGE pattern in STOCHASTICS ,As a result of rising wedge we could see a fall in crude prices in near future and on the other side if it crosses the range of 5700 decisively and on closing basis there could be fresh bull run.

Copper ---Sept   454

 Copper Mcx- As comex copper is showing that the prices for copper should move towards lower side and it is expected that the movement  in copper mcx would also be similar. And 470 would act as a major resistance for Mcx Copper.  Down side 450-448 are a good support watch out.

Nickel –Sept  937

Over all trend is bearish with consider support 900-8880 range and upper side resistance 865-870, once stay above real blast on card.

Natural Gas –Sept.  240

 As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue. Now lower level 233 is a good support watch out.

Aluminum –Sept.  154.10

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166. Avoid fresh trade and book profit.

ZINC -  Sept.  199

Bullish trend continue with consider support 190 once break first sign of weakness, higher level resistance 200-205 watch out and stay above do not think any short sell.

LEAD – Sept.  148

Overall trading range and time for  consolidation side. Wait for break out in either side.  Ready for big blast  at any time.  Above 152 it will show real power and think to buy above only. Trade and sustained below 146 more selling pressure on card

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Daily Morning News Letter – 9th OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

Total 680 Points volatile onIntra day -

Some Pull Back Rally…….

Yesterday Low of Nifty + Bank Nifty – Good Support – Fresh wave of sell below only

 Crossover Yesterday high – Buy side – Only for Intra Day

BUY LT For Buy Back (1475)

  Nifty Crash 1496 points (from 11760 to 10294 – Earlier down 1220) points

 Maximum correction likely 15% from High 11760 which is 9996  (50 points in either side )

Major Support -  Nifty  9900-9952   -  Bank Nifty   23605-23800

Last bull market support of Nifty 9800  - thereafter towards 8000   +

Market Out Look :

On Monday heavy roller casting seen in market but finally last hrs of trading strong movement seen and finally closed with a positive bias and from the day’s low substantial gained. Overall trend is down but short term market are over sold region and some pull back and likely continue towards 10500-10550.   Be cautious at higher level.

Nifty Spot  :  10348

Strong recovery from lower level and almost gained more than 180 points.  Short term we can consider support 10200-10150,   upper side resistance  10400, stay above only positive bias. TREND REVERSAL LEVEL 10538 .Trend is Down – Loss 5.6% last week – Major support of bull market 9800 + (thereafter start bear market)  Earlier swing low  6825—7893-10200.

Nifty Future  :  10379

 NIFTY 50  FUTURE –  strong recovery seen from lower level and made a high 10418.  Today support range 10300-10320, upper side resistance 10420, once stay above over all buying likely continue

Bank Nifty Spot  :  24618

Short term support have been established with consider support 24200-24300, upper side resistance 24750, once stay above up side target 25000-25250-25500.  Once break 24000 free fall on card. Weekly and monthly support 23600 and likely test in coming days

CNX PSU BANKS     : 2704

Last week it was made a bottom 2634 and Monday taking support and finally closed at 2704.  Over all trend is bearish and rise to sell side.

CNX IT    :     15305

After made a all time high some selling pressure seen and likely continue in near term.   Best opporrunity to sell side .  No buy .

CNX Pharma  : 9506

After made a high heavy profit booking seen and finally break down 10000 mark and over all selling seen.  However, it has still holding 200 DMA which is a positive sign and any sharp dip to buy side of front line stocks.

CNX Metal  :  3339

After sharp decline, and almost break down support level 3396 and finally made a low 3235 and closed with a negative bias.  Over all trend is bearish and sell side.   

www.3mteam.in

market up & down :-

commodity market :-

Daily News Letter – 8 th Oct 2018 Commodity Market

Gold  : Oct. 31645

 AS prices in gold comex would face major resistance at 1207$(approx) and in Indian market we would face resistance at 31800-31850 once we would cross this levels we could see much higher levels, below that we could expect consolidation or correction

Silver : Dec –  39271

Last two weeks after made a low 36000 almost gained more than 3000 points and made a high 39360.  Over all trend is bullish and intra day decline to buy side.

Crude Oil – Sept    5542

 Crude Mcx was in bull run from last almost 70 days and as we are facing resistance at the range from 5650-5700 and the exception is towards the lower side as we could see the rising WEDGE pattern in STOCHASTICS ,As a result of rising wedge we could see a fall in crude prices in near future and on the other side if it crosses the range of 5700 decisively and on closing basis there could be fresh bull run.

Copper ---Sept   456

 Copper Mcx- As comex copper is showing that the prices for copper should move towards lower side and it is expected that the movement  in copper mcx would also be similar. And 470 would act as a major resistance for Mcx Copper. 

Nickel –Sept  940

Over all trend is bearish with consider support 900-8880 range and upper side resistance 865-870, once stay above real blast on card.

Natural Gas –Sept.  233

 As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.  Now time to book profit at home is a best strategy.

Aluminum –Sept.  157.20

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166. Avoid fresh trade and book profit

ZINC -  Sept.  198

Bullish trend continue with consider support 190 once break first sign of weakness, higher level resistance 200-205 watch out and stay above do not think any short sell.

LEAD – Sept.  148

Overall trading range and time for  consolidation side. Wait for break out in either side.  Ready for big blast  at any time.  Above 152 it will show real power and think to buy above only.

www.3mteam.in  

Daily Morning News Letter – 8th OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

 Big Sell off by FIIS   --  Net Sellers

  Nifty Crash 1496 points (from 11760 to 10294 – Earlier down 1220) points

 Maximum correction likely 15% from High 11760 which is 9996  (50 points in either side )

Major Support -  Nifty  9900-9952   -  Bank Nifty   23605-23800

Last bull market support of Nifty 9800  - thereafter towards 8000   +

At these level market will go extreme over sold and RSI below  20 

Strong Pull Back and V Shap Rally cannot be ruled out.

 IT STOCKS – Ready to fall  - Play short side +

Market Out Look :

On Friday after RBI policy market finally crashed and almost 700 points down of Nifty in last three trading sessions whereas Bank Nifty down more than 3500 points from a high.  Strong bearish zone but some more down side and likely test 10000 mark whereas a extremely oversold market and strong bull back also possible.  On Over all rising of crude prices and depreciate of rupee also a big problem of Indian economy.  On the Sect oral Indices, major sell off seen like Nifty Auto and trading b below 52 weeks low, Nifty PSU Bank almost near to 52 week low, FMCG heavy selling seen, Media, Rality  also trading below 52 week low. Only IT are outperformer in market and trading near to all time higher but it  will not sustainable and any time selling imminent.   

On Monday if market open with down side gap, do not play short sell and wait for opportunity to rise then play short sell, best way to avoid trading in Index and stock specify is a best and safe strategy. 

 Remember we are bearish below 11171 and advised to exit long  all positions,  sell  all delivery and sell all mutual fund investment and all money convert into Liquid assets and wait decline in market and around 10000  + any where start investing.  

Nifty Spot  :  10316

Last 3 trading sessions major sell off seen and almost 700 points wipe out. However, trend is bearish. Consider resistance nearly  10500 and remain below down side open towards 10200-10000-9950 likely. TREND REVERSAL LEVEL 10538 .

Trend is Down – Loss 5.6% last week – Major support of bull market 9800 + (thereafter start bear market)

Major support on monthly chart at 10000 +   

Last week	High	Low	Close	52 High	52-Low
Trend	11036	10262	10316	11760	9906

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
10742	10892	11321	11040	10780
On Weekly Chart			9962	9081

Nifty Future  :  10347

 NIFTY 50  FUTURE – As the graph of nifty future shows that the next major support level for nifty would be 9950 – 10000 and most probably it could either bounce back or break out after consolidation at this levels. BE CAUTIOUS decisive close below the level of 9950 next target could be 8000 towards the lower side which is not looking possible unless and until some extreme negative news in the market

Last week Trend

High

Low

Clos

Nifty Future

11090

10292

10347

Bank Nifty Spot  :  24443

After RBI policy maket finally break down and heavy selling seen across the sector and Bank Nifty Future finally made a low 24272.   Bearish trend continue with consider resistance 24500-24600 remain below down side open towards 24000-23600 easily. Weekly and monthly support 23600 and likely test in coming days.   

Bank Nifty on Weekly Chart  -   Trend is down – Support 23600 +

Last week	High	Low	Close	52-W High	52-W LOW
Trend	25470	24251	24443	28388	23604
5 DMA	10 DMA	50  DMA	100 DMA	200 DMA
24702	24747	26445	26792	26105
On weekly chart			23946	20873

FO QUES   :

	NIFTY	BANK NIFTY
Highest Put	10500-10700	24000
Highest Calls	11000-11200	25000
Put Writing	--
Call Writing	11000-10600-10700
Long Side	TCS, TITAN
Short Side	HPCL  BPCL  ONGC
Short Covering
Long Exit
	FIIS STATISTIC
FIIS
DIIS
STOCK Future

CNX PSU BANKS     : 2656

Last week it was made a bottom 2634 and finally break down support level.  Now in this week major resistance 2750-2760 watch out.  Over all selling pressure continue.

Last week	High	Low	Close	52W-High	52-W Low
- Trend	2862	2634	2656	4335	2634
5 DMA	10 DMA	50 DMA	100 DM	200 DMA
2743	2758	3081	2977	3107
On Weekly Chart			3275	3190
Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.

CNX IT    :     15592

After made a all time high some selling pressure seen but still holding positive bias.  As the market conditions, advised to book profit long side and any time big sell off likely.   

Trend is down – CNX IT was the best performing of 2018 – closed below support level-

Last week	High	Low	Close	52W-High	52-W Low
Trend	16282	15266	15592	16361	10527
5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
15798	15918	15385	14644	13636
On weekly Chart			11842	11547
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

CNX Pharma  : 9547

After made a high heavy profit booking seen and finally break down 10000 mark and over all selling seen.  However, it has still holding 200 DMA which is a positive sign and any sharp dip to buy side of front line stocks.

Last week Trend	High	Low	Close	52W-High	52-W Low
Trend	10143	9496	9547	10786	7900
5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
9827	100006	9316	9315	9188
On weekly Chart			11842	11547
Basket of IT Stocks  -

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