Daily Market trend dated 13th July 2018

Daily Market trend dated 13th   July   2018  Nifty ready to Test New High  -  Nifty Decent support 10900-10930 As expected after break out in trading range 10930 market will blast and finally it was made a high 11078  with supported by easy in crude oil price .  Over all strong momentum seen in market across the board, however numbers of stocks also showed negative bias and closed with a red.  Overall front line and major index based  stocks looking good and trade with momentum stocks only. We may consider short term support have been established on chart 10900-10930  and any dip to buy side for target 11171, thereafter another 500 to 800 points move on the card I coming days. Nifty Spot :   After sharp rise and three days rally,. Time for consolidation with consider support  11000  and 10980   and major support 10930 watch out, higher level once crossover 11078  up side open towards 11100-11171-11200 mark Last week Trend High Low Close Nifty Spot 10816 10604 10772 Bank Nifty Future :  On the day of weekly expiry major up side seen, however, some profit booking at higher level, but over all major long seen which is almost 2.19 lacs shares in open interest  which is 37 % indicate more up  side  in coming days.  Consider support   26900-26850 range whereas buying opportunity, upper side resistance 27200, thereafter major breakthrough towards 27500 27750 .  Big Move + 1000 points likely  in coming days. Last week Trend High Low Close Bank Nifty Future 26596 26065 26500 FO Ques :   Highest Put at  10600-10700 Highest call seen at 11000-11100 Pur writing seen-  11000-10900 Call Writing seen at –  ---  11200-11100 Long Side:    Arvind Ltd, Wipro, Reliance, Bajaj Finance, Indigo, SBI, Jet Short side :      Grasim, Ajanta Pharma, Adani Power, Federal Bank Short Covering  :  Yes Bank, Apollo Tyre Long Unwinding   :     Wockhard  Pharma Pharma Index :  Lower level   2650-2700  are a good support on chart and  any decline to buy side, higher level resistance likely 2860, thereafter big move.   PSU  Bank Index :    Lower level   2650-2700  are a good support on chart and  any decline to buy side, higher level resistance likely 2860, thereafter big move.    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 / 9301302732