Friday, January 19, 2018

MARKET OUTLOOK 19/JAN/2018

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.

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