Equity Market – 25th July 2018

                                               Equity Market –      25^th   July  2018

Market Trend	Break out in Nifty to Buy Side………. Market are  finally break out and Nifty ready for new life time high, however, BSE Index already made a new high.  Nifty is just behind 40 points from a new high.  Now time to bullish and only buy side.  Bank Nifty some profit booking but strong bull grip and ready to break out, once crossover big move towards 27500 27800.  Good opportunity in Pharma, FMCG, Metal and Cement sector,
Nifty  Spot	Momentum continue and ready for big move and likely test new high in this week.  Consider support 11100  and 11090 are a good support and any decline to buy side, upper side stay above 11150, ready for new high towards 11200-11240 liekly. Over all trading range 10930 to 11080-1171.  Closed above 11200  major bredak through in nifty towards 12000  mark easily.   Last week Trend High Low Close 52W-High 52-Low Nifty Spot 11030 10926 11010 11171 9685 5 DMA 10 DMA 50 DMA 100 DMA 200 DMA 10978 10968 10756 10589 10507
Nifty Future	Intra day decline to buy side with conswider support 11100 to 11080 range, upper side resistance nearly 11160, once stay above looks very hot towards 11200  and above. Last week Trend High Low Clos Nifty Future 11074 10932 11025
Bank Nifty Future	Ready to blast with consider support 26900, above 27200  big blast towards 27500-27750-27800.   Intra day any decline to buy side. Last week Trend High Low Close 52-W High 52-W LOW Bank Nifty Future 27233 26690 26929 5 DMA 10 DMA 20 DMA 50 DMA 100 DMA 200 DMA 26906 26888 26656 26465 25719 25618
FO QUESQ	Highest Put :   11000-10900 Highest call seen at 11000-10900   Pur writing seen-  11100 Call Writing seen at  11200-11250 Long Side:     ACC,  Axis Bank, NIIT Tech, JSW Steel Short side :     Bajaj Auto, Yes Bank, Havells,  Reliance Ind   Short Covering  :    SRF, PVR Long Unwinding   :    Just Dial, Indigo, JP Associates
PSU BANK INDEX	Looks good with consider support 2800-2810 range and resistance 2880-2900, once crossover and stay above  overall buying in PSU bank stocks. Front line buying seen in all PSU Bank stocks. Last week Trend High Low Close 52W-High 52-W Low - 2840 2737 2802 4335 2645 5 DMA 10 DMA 50 DMA 100 DMA 200 DMA 2772 2790 2874 2881 3252 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	Over all trend is bullish , however, after sharp rise and made a high near to 9450  sellilng pressure seen but already corrected substantially 500 points from the high so  any dip to buy side.  Above 9100    more up side towards 9200  and above.  Last week Trend High Low Close 52W-High 52-W Low 9132 8725 8895 10130 7900 5 DMA 10 DMA 50 DMA 100 DMA 200 DMA 8848 9047 8797 8757 9077 Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
CNX  IT	Over  all bullish  view and trading above all long term moving average indicate up move continue. Last week Trend High Low Close 52W-High 52-W Low 14771 14420 14701 14771 10388 5 DMA 10 DMA 50 DMA 100 DMA 200 DMA 14611 14500 13903 13465 12542 Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.
XNX METAL INDEX	After made a low of 52 week,s and chart ovr sold counter all front line stocks, so the current level avoid any short sell and next three days short covering can not be ruled out. Holding 3200  short covering continue. Last week Trend High Low Close 52W-High 52-W Low 3288 3062 3092 4256 3047 5 DMA 10 DMA 50 DMA 100 DMA 200 DMA 3141 3240 3468 3585 3732 Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.
Results Up ated :	25th July –Tata Elexi, LT, JU Food, JSW Steel, Ambuja Cement, KPIT, BEL, OBC, Hero Honda, Can Bank 26th July – Yes Bank, Maruti, Dr. Readdy Chola, bioco, bharti Tele, CESC, ITC, petronent, COLPAL, Shriram Transport Finance 27th Uly  ICICI Bak, HCL tech, BOB, Equitus, M&M Finance.
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