Market Outlook
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Market are continue in positive bias and cofortablely closed above 10500 mark which indicate very bullish in the month of Jan 2018. 2017 was a remarkable year of stocks market . In terms of Nifty gained 28 % and Bank Nifty 40% which clearly mentioned that Equity class was a biggest gainer and it will continue in years to come against other assets classes. Now time to 2018 – Search stock which is turn around story which are making a blue chip and return will be manifold in years to come.
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Bitcoin
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Correction likely continue but any time it will bounce back
Ripple (XRP) At current level 2.31$ buy and forget which is likely another Bicoin in years to come. Presently in Cryptocurrency Riple is second in terms of volume. More than 70% holding of banks and financial institution. Some of our Indian Pvt banks already accepting .
Our Buy call at Rs. 31 and already made a high 150. 500 per cent return in one month.
Buy and forget for next 5 years which may another Bitcoin. Have a patience only.
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Nifty Spot
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Trend is strong bullish and dip to buying opportunity continue with consider support 10450-10460 in this week, crossover 10552 on sustainable basis up side target 10600, once crossover 10600 and continue closing above up side 250 points another on card.
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Nifty Future
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Bullish Bias continues. Consider support 10470-10175 and dip to buy side, higher lvel resistance around 10594 and 10630.
Major support Jan -2018 -10391 – below only weakness.
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Bank Nifty Future
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Last week some volatile and wide range 25200 to 25800 range, any dip to buy side. Buy above crossover 25800 or any dip to buy around 25200-25300 but only buy side.
Today support 25504-25437 and resistance 25617 25665.
Major support of Jan – 24800 – till not strong b ullish and likely test 26000-26500 in jan 2018.
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PSU BANK
INDEX
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Weakness continue but inclusion of capital by govt long term positive bias. Govt already given three banks to capital which is IDBI Bank, Bank of India and Dena Bank/
Lower level decent support 3600 and resistance is 3850-3900 range, once crossover these range big move in all PSU bank can not be ruled out.
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Pharma Index
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After made a low of 8923 strong bounced back and almost gained more than 600 points and able to closed above 9600 mark. Strong bullish and dip to buy side. First target 10000 and thereafter major up move open.
We may consider major support 9500 and resistance 9800. Concentrate front line stocks like, Dr Readdy Lab, Aurbindo Pharma, Sun Pharma, Divis Lab, Glen Mark Pharma, Neuland Pharma, Wockhard Pharma and many more.
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Metal Index
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After made a low of 3521 strong come back and finally closed above 3900. Holding above 3900 up move continue towards 4000 thereafter more up side.
Our best pick – Tata Steel, Hindalco, Jindal Steel, VEDL,
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OPEN INTEREST ANALYSIS
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Long side- Rel comm.. Wockhard, Hexaware, SRF, Idea, M&M Idea, Havells, Jet Airways, Tata Elexi Hero Motor, Axis Bank, TVS Motor, Bharti Tele, TCS.
Short side : All Bank, Bank of Baroda, OBC, Union Bank and IOC>
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Important point
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Highest OI
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In terms of Shares - HDIL 1.18 crore, Relcom 2.43 crore, JP Associates 5.01 crore, GMR Infra 3 crore, Reliance Capital 9.86 lacs,
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Delivery Volume
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On Friday -
JP Associaters 6.68 crores, JP Infra 80 lacs, JP Power 205 crores, GMR Infra 4 crores, Rel Com 8.16 crores, IFCI 1.48 crore, Grasim 4.44 lacs, HDIL 1.62 crore, AB Capital 15.63 lacs.
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Lowest Rollover
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Ramco Cement 52%, GAIL 57%, Cumins 61% and BPCL 62%.
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RELCOM
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Last two trading session volume nearly 300 crore shares in Cash Market, FO December and Jan 2018.
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GMR Infra
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Heavy volume today Cash _ FO December and Jan 2018 65 crore shares which indicate something cooking in this counter.
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Delivery Volume
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Sun Pharma 37 lacs, Aurbindo Pharma 6.88 lacs, Rel Com – 7.2 crore shares, GMR Infra – nearly 4.85 crore shares.
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Highest Put
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Nifty - 10300 and 10000 Strike Price
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Highest Call
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Nifty - 11000 and 10700
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M&M
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Buy and forget
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TCS
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Ready for big move
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Aurbindo Phar
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Verge of Fresh break out.
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Grasim
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Buy and forget
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Amtek Auto
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Buy and forget - risk is limited, return manifold.
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DLF
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Going to Debt Free in next year – 100 % up move expected from current level.
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HDIL
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Something cooking looking to volume and delivery.
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SAIL
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Above 88 in three digit mark.
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UPL
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No if and But - only in portfolio.
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Maruti
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Decent number ahead - will cross 10000 mark in next few sessions.
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IBUL Housing
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Time to fly……
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Tata Power
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Long term - no problem.
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