Market Outlook 18-jan

Market Outlook 18-jan

Market Outlook	Market are continue in up side and holding 10600 and made a high  10659 but due to small profit booking closed near to 10633.  Trend is bullish but some profit booking seen at stock specify.  However, nolding break out level no problem in market and buy on dip strategy.
Crypto Currency	Buy Ripple, Etherum, Dash .  Avoid Bitcoin.
Nifty Spot	Support nearly 10600  and major support 10550, resistance 10660-10700 watch out.     Resistance 10690  watch.
Nifty Future	Support nearly  10600-10550  as long as holding these level, buy on dip strategy for target 10700.  Stop loss for long 10610.
Bank Nifty Future	Decent support 25500  and intra day dip to buy side, upp side crossover and stay above 25750  over all buying in market.
PSU  BANK INDEX	Decent support 3600  and resistance 3750-3800 watch out.  Selling pressure continue at higher level.
Pharma Index	Very bullish and up move continue and first target 10000  mark. Thereafter major break out in pharma segment and over all buying will be emerged once again.
Metal Index	Above 4100   holding long side.
	OPEN INTEREST ANALYSIS
	Long side-    Arvind Mills, DCB, PC Jewellers, Ceat, NCC<  Titan, Asian paints, DLF, ITC, Coal India, Ashok Leyland. Short side  :       Bata India, Havbells, IGL, Pidlite, NMDC
	Important point
Reliance Ind	Break out and ready for big move…
Indus Bank	Keep a stop loss……………….
Yes Bank	Another fresh break out heading towards 350 370
Maruti Ltd	Selling continue at higher level.
DHFL	Holding……………….no problem
Century Text.	Holding long   - ready for major up side
Sun Pharma	Lower level to buy side
ITC	Break out likely.
M&M	Buy and forget  - ultimate target 1000  +
DLF	Very not      buy and forget.
KTK Bank	Buy for target……………
Hcl Infosys	Decent volume.
Suzlon Energy	Volume more than 12 crores, something cooking.