Market out look dated 28th May 2018

Market out look dated 28th May 2018 

Market are turned bullish candle and looks that short term bottom have been established at 10419 and likely to test near to  10930 in coming days or next session .  As market was over sold and after slide of 500 points V shape rally resulted more than 200 ponts recovery in two session in Nifty and 600 points in Bank Nifty.  Short term trend have been change with consider decent support 10500  and holding these level first target are intact 10754 which is a 61.8 percent of retracement, once crossover these level more up side.  Over  major short covering and long seen specially in Pharma Auto, IT and Auto.  Highest Put established at 10500-10400 which is short term support and highest call 10800 which is short term resistance likely.

Following short covering seen in front line stocks :

Sun Pharma – 26 lacs, VEDL -  20 lacs, HDPC  9.50 lacs, Tata Motor 30 lacs, Ibulhousing – 9 lacs, Yes Bank 14.22 lacs, Idea 2.10 crore shares, SBI   56 lacs, Tata Steel 22 Lac, Aurpharma 6.13 lacs, M&M   10 lacs, Hindalco  14.50 lacs, Jet Airways 5.34 lacs, Reliance 12.50 lacs, Coal India 19.60 lacs, Bhart Tele 2.52 lacs

Results on 28th May   2018

AUROPHARMA, BANK OF INDIA, DBREALTY, EIHHOTEL, HATHWAY, LOVABLE, LT, NHPC, NMDC, NTPC, OIL, RAJTV, RECLTD, RUCHISOYA, SAKHTISUG, WALCHANNAG, FINCABLE, RCF, VICEROY, KAMATHHOTE…

Securities Ban for trade 28.5.2018

BEML, DHFL, IDBI, JET AIRWAYS, JISL, JAIN IRRIGATION, JUSTDIAL, RECOM 

Call More details

9630466296