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