market update

Market out look dated 26th Feb 2018 Over all trend is down but some recovery on the card or pull back rally due to positive global ques.  So take advantages of  rally to book profit exit long and fresh shorting opportunity in market.   On Friday some short covering seen in front line stocks as well closed short position in PVT Sector B anks whereas  short rollover seen in PSU Banks.    Pull back rally likely to be extended towards 10600 10650 or maximum  10735   10750 thereafter again down side likely  start in market.  Take advantage rally and play short at higher level is a best strategy in market. Nifty  :  Time being support at 10300 and 10276  observed and break below only weakness towards 10000  mark, upper side sustained above 10500, open towards 10550 10600 10620 10650   likely whereas a good opportunity to short side or buy Put option of at the money strike price. Bank Nifty   :  Decent recovery seen at lower level 24800 and almost closed above 25300, over all looks that recovery towards 25500 whereas a major trend decider of this month and sustained above, more short covering towards 25800 can not be ruled out.  Higher level to exit opportunbity. Option Front : Highest put onstrike price at 10000, 10400 and Highest call at 10700  which indicate maximum upside in current rally, followed by   10500  and 11000. OI Indicator Long Side  : Mind Tree, Hindalco, BEL, IDBI Bank, VEDL, IGL, Tech Mahindra Short Side :  PNB and Asian Paints Highest call of FO stocks Sun Pharma                                        600 Maruti                                                  9000 Tata Steel                                            700 Reliance                                              940 Tata Motors                                       400 PNB                                                       130 SBI                                                          330 ITC                                                          270 Aurbindo Pharma                            600 Highest Put of FO Stocks  PNB                                                      100 Maruti                                                  8500 Reliance                                              900 SBI                                                          260 Sun Pharma                                        500 PJ Jewellers                                       340 ITC                                                          260 More details call 9630466296