Monday, June 11, 2018

Market out look dated 11th June June 2018

Market out look dated  11th June   June   2018
Market Trend :
 In Last week some volatility seen in market but finally it has closed with a positive bias inspite of that RBI police and increased in REPO rate by 0.25 percent. Our trend is bullish and market looks that lower level already established in last week which is nearly 10550.  On the other hand heavy buying and short covering seen in  Pharma stocks and weare continuing advising to our all readers to buy and hold these stocks as these are heavy over sold counter and almost all front line stocks moved 5 to 10 percent.  Over all bullish trend and any dip on weekly on a day basis decent opportunity to long side.  However, some idea is also short side but is should be require with discipline manner trading.
  Strategy  :  Any dip to buy, sharp rise to avoid buy and short sell.     
Nifty Spot :
 After made a low 10550 in last week smart move seen and onFriday after made a high 10780 it was closed near to closing area.  Trend is bullish with consider support range 10700 and 10650 and major support 10600 whereas highest put  are established at current movement, on the higher side stay above 10780, up side open towards 10840 10850, thereafter more up side.
Strategy : As long as hold 10600  bullish view continue
Bank Nifty Future :
Smart pull back from lower level and managed to hold support level of last week 25900-26000 range.  We may consider theseare a major support area and do not think to break these level in next week, as highest puts are standing at that level. Consider support 23500-26300, upper side crossover and stay above 26500 up side open towards 26750 26800.  Any dip to buy side.  
 Long Side  : Indian Bank,  Voltas, Arvind. Bajaj Finance, Sun Pharma, Lupin, Aurbindo Pharma.
Short side :   LT, Pidlite, Jet Airways, Ashok Leyland
Short Covering  :  Star long  11 lacs shares, Ashok Leyland 25 lacs short side, PNB long 28 lacs, BOB  34 lacs long side, Lupin – short covering, Tata Motor short covering 42 lacs, SBI long side 22 lacs
More details and entry level call
9630466296/ 9301302732 

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