Market Outlook

Market Outlook	Market open with a good note but some profit booking on the  day but lower level again buying resulted market closed with a yesterday closing price  and made a Doji pattern.   Over all trend is bullish and today bank nifty expiry so some volatility in market.
Crypto Currency	Buy Bitcoin in small lots in decline.  Ethoerum a new high.
Nifty Spot	Support nearly   10570-10575 and resistance 10660  crossover sharp move towards 10700 10750.
Nifty Future	Buy on decline with consider support 10600-10580, resistance nearly 10650 10660, crossover sharp move.
Bank Nifty Future	Decent support 25500  break down selling pressure, resistance at 25700-25750 watch out.
PSU  BANK INDEX	Weakness continue and almost closed with a days los. With consider support 3600  break down more down side, resistance 3700 watch out.
Pharma Index	Higher level some pause whereas as a stiff resistance. Bt trend is bllish.
Metal Index	Above 4100   holding long side.
	OPEN INTEREST ANALYSIS
	Long side-    NIIT TECH,  Concor, Tata Elexi, TCS, Tech M&M, Hexaware, BHEL, Indus Bank, KPIT. Short side  :       Page Ind. Bank of India, Eicher Motor, Union Bank, voltas and Bajaj Auto.
	Important point
Reliance Ind	Break out and ready for big move…
Indus Bank	Very hot and result day.
Yes Bank	Another fresh break out heading towards 350 370  stop loss…….
Maruti Ltd	Lower level to buy side.
DHFL	Holding……………….no problem
IBREAL	Looking great…………
HUDCO	Buy  for long term… target   .  anything possible.
GMR Infra	Something cooking in this counter.
ICIL	Buy for short term.
Kamat Hotel	Decent brand -  buy and hold.
Grasim	Higher level some profit booking.
SBI	Selling pressure and fresh short seen.
Bank of India	Sell side.
Havells	Hot sell.