Equity Market – 19h July 2018
Market Trend
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Tripple top formation 11080 continue resistance.
Market open with a good note but due to some political news from Delhi, major selling pressure seen and finally closed below 11000 mark, hwoever it has continue trading above 10930-10900 mark. As long as holding positive bias continue but trade with cautious approach in market.
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Nifty Spot
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Higher level selling pressure continue. Today consider resistance 11030-11040, down side support nearly 10925, break below more panic towards 10900-10888 and 10850 watch out.
Over all trading range 10930 to 11171 in short term, once successfully tradingabove 11200, major break out towards 11400 11500.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-Low
|
Nifty Spot
|
11078
|
10816
|
11023
|
11171
|
9685
|
5 DMA
|
10 DMA
|
20 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
10958
|
10844
|
10790
|
10732
|
10562
|
10478
|
|
Nifty Future
|
Sell on rise arund 11030-11040 stop loss 11080 down side target 10950-10910. Sharp panic do not play short sell and buy side.
Last week Trend
|
High
|
Low
|
Close
|
Nifty Future
|
11069
|
10801
|
11020
|
|
Bank Nifty Future
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Consider support 26700-26600 range and resistance 26150-26200, once crossover only it will show power.
Last week Trend
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
Bank Nifty Future
|
27153
|
26606
|
26963
|
|
|
5 DMA
|
10 DMA
|
20 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
26871
|
26627
|
26554
|
26385
|
25632
|
25546
|
|
FO QUESQ
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Highest Put at 10800-10600
Highest call seen at 11100-11000
Pur writing seen- 10800-10600
Call Writing seen at – ---110000 significant writing seen
Long Side: NIIT, KPIT, TATA ELEXI, Yes Bank,.
Short side : Ashok Leyland (1.20 crore shares short), Chola Finance, Bharti Tele, PNB.
Short Covering : ZEE – Hcl Tech.
Long Unwinding : Exide, Indus Bank.
|
PSU BANK INDEX
|
Over all bearish trend but some support also seen at lower level. Time to trade front line stocks and do not excite any news from Govt or any channels to buy side. Selling is a best strategy.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
-
|
2865
|
2765
|
2778
|
4335
|
2645
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
2808
|
2789
|
2882
|
2900
|
3259
|
Basket of PSU Banks : SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.
|
|
CNX Pharma Index
|
Below 9000 short term weakness continue, however trend is bullish and major buying seen in front line pharma stocks. So any dip to buy side.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
9348
|
9142
|
9164
|
10130
|
7900
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
9244
|
9254
|
8776
|
8763
|
9085
|
Basket of Pharma Stocks : PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
|
|
CNX IT
|
Over all bullish trend and decline to buy side.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
14665
|
14141
|
14535
|
14654
|
10388
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
14383
|
14232
|
13785
|
10368
|
12443
|
Basket of IT Stocks - TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT Tata Elexi.
|
|
XNX METAL INDEX
|
Heavy sell off seen in all front line stocks and finally closed below new 52 week lows.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
3396
|
3275
|
3296
|
4256
|
3147
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
3338
|
3345
|
3522
|
3627
|
3742
|
Basket of Metal stocks - Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.
|
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Results Up ated :
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19th July – Bajaj Finance, Bajaj finserve, Kotak Bank
20th july – Bata-Wipro-LT Finance, Havels, Bajaj Auto, Ceat, wipro HDF Life.
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