Friday, June 15, 2018

Market out look dated 15th June June 2018

Market out look dated  15th June   June   2018
Market Trend :
Avoid Fresh Long and Purchase
Nifty End Lower – Phama  Hot continue
 As expected  higher level selling continue in market and over all selling seen except in Pharma sector and follow up buying likely continue.  Inspite of Bank Nifty expiry no respite seen weakness continue. Nifty continue face hurdle at 10930 while some distrubtion seen with low volume. Uptrend will remain pressure and higher level.  Avoid long time being. Stock specify continue.  
Nifty Spot :
 Nifty finally break down  but some support seen at lower level andable to closed above 10800 mark. Consider resistance 10880-10930 whereas a major supply zone and any rise to sell side, down side support 10770 below towards 10720 10700 likely.

Stop loss for long 10694 and as remain above up side open towards 10970 and 11205. Likely.
Bank Nifty Future :
  Continue able to hold 26500 but sonner or later it will break down as all  front line stocks are looking bearish like, HDFC Bank, ICICI Bank, Axis Bank, Yes Bank.  However, some buying seen in Kotak and Indus Bank.  Support nearly 26500-26400 and resistance 26750  
Consider stop loss for long 25895, as hold upper side open towards 26679, 27590-28225  in coming days.
Long Side   Adani Entt. Wockhard, Lupin, Ashok, HCL Tech, Tata Global
Short side : Ceat –Ibulsuing India cement and the Mahindra.   

More details and entry level call
9630466296/ 9301302732 

1 comment:

  1. India's Chief Economic Adviser Arvind Subramanian is standing down after serving for nearly four years and would return to the United States, the finance minister said on Wednesday.