Market out look dated 26th June June 2018

Market out look dated  26^th   June   June   2018

Market Trend :

   Bears return on street – But Major Field 10680-10700 watch  out .

Now Monday again bulls are unable to carry above 10830 successfully and finally bears seen at upper hand and nifty drag down nearly  10750 and closed with a loss of 59 points.  However, over all trading range which is approximately150 points in the last 11 sessions and  break out this range in either side we can seen 100 to 200 points in sharp.  So till that wait and watch is a best strategy and whenever find out final direction trade accordingly. Remember Trend is your friend and do not try to play against.,

Nifty Spot :

Bulls are back foot and bears are front foot but we may consider decent support range last 10 trading sessions is visible at 10680 to 10700 whereas intra day resistance at 10782 and 10811  crossover and stay above only it will show power, otherwise again selling opportunity. 20 day SMA watch out 10742.

Stop loss for long 10694 and as remain above up side open towards 10970 and 11205. Likely.

Bank Nifty Future :

 Bulls are unable to hold Friday gained and finally it was comedown.   However, we may consider support 26500  +  and holding up side intract.  Major support 25900-26000 range, as long as hold these level , any dip to decent opportunity to long side.

Intra day buy on decline at 26600-26620 with stop loss 26400 target  27000 and above.  

FO QUES  :

 Highest Put at  10700-10600

Highest call seen at 11000-10800-10900

Call Writing seen at -10800-10900

Put writing seen at 10800-10900

Long Side:   Infys, HUL, HCL Tech, Tata Elexi, BajajaFinance

Short side :      Zee, Tata Motor, ITC, Hindalco, GAIl, Wipro

Short Covering  :     Ajanta Pharma, Biocon, Can Fin Home

Long Unwinding   :   Indian Bank, OIL

More details and entry level call

9630466296 /  9301302732