Daily Market trend dated 11th July 2018
Strong Momentum – Now ready to test new all time high.
Market are finally break out in upside and made a high 10959 and closed above early trading range 10930 which indicate strong bull momentum and more upside in coming days. Across the sector buying seen and any short will be a danger at the current level. Best way to locate buying opportunity in market.
Nifty Spot :
Strong move and finally closed above 10900, now today trading above 10959 up side target 10000 and 10050-11000 in short term.
Last week Trend
|
High
|
Low
|
Close
|
Nifty Spot
|
10816
|
10604
|
10772
|
Bank Nifty Future :
Above 26750 strong break out and ultimate target 27000-27100 mark easily. Closed above 27000 towards new life time high.
Last week Trend
|
High
|
Low
|
Close
|
Bank Nifty Future
|
26596
|
26065
|
26500
|
FO Ques :
Highest Put at 10600-10700
Highest call seen at 11000-10800
Pur writing seen- 10800-10700
Call Writing seen at – ---
Long Side: MuthootFinance, Excide, GAIL, Indian Bank, Yes Bank, Grasim.
Short side : Indus Bank, IGl, Hero Motor, Ambuja Cement
Short Covering : Hexaware, Century Textile
Long Unwinding : SAIL
Pharma Index :
Lower level do not short sell , any time strong bounce back on card. Buy on decline Auropharma, Dr. Readdy Lab, Lupin and Sun Pharma.
PSU Bank Index :
Support seen at lower level 2800 and resistance 2900,crossover it will show more power towards 2950 mark. Some buying seen in all front line PSU bank stocks.
Happy Trading Hrs.
For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No. 9630466296 (also available on whatasapp
With Regards
3M TEAM Research
+919630466296 /
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