Tuesday, July 31, 2018

Equity Market – 31Tst July 2018

Equity Market –      31Tst   July  2018
Market Trend
 Break out in Nifty to Buy Side……….
TODAY Reliance and ICICI Bank Result will play market.
Closed above 11171    move non stop.    Expansion of Retracement target 11405 thereafter rally towards 12392.  Major support area 10900 to 10930 rabge,
Over all trend is extremely bullish which is lead by  across all the sector. And yesterday again made a new high.  Last 7 days almost 360 points move in Nifty and Bank Nifty 700 points which indicate bulls are full control in market.  Overall trend is bullish and your long stop loss 11200.  
Nifty  Spot


Nifty is finally made a again new high and higher high higher low formation continue in market.  Today we may consider support 11250-11260, break and trade below down side support 11200-11180, upper side resistance 11350-11405-11435. Watch out.  
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
11283
11010
11278
11283
9685

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
11160
11068
10800
10626
10537
Nifty Future

Today intra day any dip to buy around 11300 to 11280 with stop loss 11250 for target 11400.  Bullish trend.

Last week Trend
High
Low
Clos
Nifty Future
11313
11009
11307
Bank Nifty Future

Bank Nifty are still bullish once it has broken 27165 and finally made a new high 27874.  Strong bullish which is lead by Pvt. Sector Bank, however, Yes Bank and HDFC Bank are in negative side.  Consider major support 27500 and far support 27000-27100 range,  as long as hold 27500  up side target 28000-28250-28500 and above.
Last week Trend
High
Low
Close
52-W High
52-W LOW
Bank Nifty Future
27660
26766
27639
27660


5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
27210
27028
27565
27028
25666
FO QUESQ
Highest Put  - 11000-10500
Highest call seen at  11500-11400
Pur writing seen-   1120-11300
Call Writing seen at  11400-11600
Long Side:    Ajant Pharma, Axis Bank, Divis Lab, PB, Tech Mahindra, SRF
Short side :     Dis Tv, HCL Tech, LT, HDC Bank and Arvind Mills.
Short Covering  :  BHEL, Andhra Bank, HUL
Long Unwinding   :    --
PSU BANK INDEX
Very hot and finally heading towards 3300 mark.   Over all after consolidation, major break out seen and time to buy  PB,  SBI,  etc.
Last week Trend
High
Low
Close
52W-High
52-W Low
-
3183
2788
3094
4335
2645

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
2978
2875
2898
2880
3250
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 and buy side and ready to big move in all pharma stocks I ncoming days. Consider support 9000  and resistance 9200-9250 level.  Remain Buy Side.,
Last week Trend
High
Low
Close
52W-High
52-W Low

9106
8858
9039
10130
7900

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
8997
8923
8859
8762
9065
Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.
CNX  IT
 Strong bull grip and any dip to buy side.  Over all trend is bullish and last six  months we have seen major up move in all IT stocks.   So we may consider decent support in near term 14000  which is short of 600 points at current level, once decisively closed below with volume , likely first  reversal  and time to exit long + book profit +  play for fresh short.  On the positive side once again sustained above 14800, another round of up move on card.
Last week Trend
High
Low
Close
52W-High
52-W Low

14769
14424
14518
14771
10388

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
14581
14596
14012
13556
12645
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.
XNX METAL INDEX
Market are making a new high but this sector are under perform,  However, over sold sector but ready to move  in coming days consider support 3250.
Last week Trend
High
Low
Close
52W-High
52-W Low

3310
3069
3298
4256
3047

5 DMA
10 DMA
50 DMA
100 DMA
200 DMA
3233
3188
3423
3551
3721
Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

Today Result
31st – UPL, Tata Motor, TATA DVR, VEDL, BEL, V Guard, Castrol, Dabur, BEL Exide Raymond, MGL GSFC, Bank India, Ajanta Pharma
1st ----August – Pidlite, Excide, Apollo Tyre, TataGlobal Reliance Infra
2nd ----August – Marico, CPF, Torrent Pharma ONGC, IBUL Housing, CG Powert
3rd---- August- Titan, SAIL

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