Tuesday, July 3, 2018

Market out look dated 3rd JULY 2018

Market out look dated  3rd  JULY 2018
Market Trend :
 Nifty Trading Range 10600  to 10750     Break our r break down on card
After sharp move and V shape recovery on Friday, Monday market open with a good note but higher level selling resulted made a nearly 10600 but finally some buying resulted closed at 10650.   Over all trading range and time to trade in stock specify.   Anysharp dip to  buy side and higher level selling opportunity.   
Nifty Spot :
 Today consider resistance 10680-10700  and sustained above it show strength towards 10750, downside support 10640, below lower level target 10600  thereafter free fall towards 10550  and below. 
Bank Nifty Future :
Bank Nifty continue supply zone at higher level   26250 to 26500 level and any rise to sell side,  on the lower side support visible at 26000-25900  once break down andclosed free fall towards 25500-25200 mark.   HDFC Bank looking bearish but bullish ICICI Bank
 Highest Put at  11000-10800
Highest call seen at 11000-10800
Pur writing seen at 10500-10600
Call Writing seen at – 11000-10900
Long Side:    ICICI Bank  (longadded 1.24 crore shares) – Hind Zinc, VEDL Ujjaivan
Short side :     Adani Entt.  Reliance Capital, Tata Steel, M&M, Hero Motor
Short Covering  :   BOI – Ashok Leyland
Long Unwinding   :   LT – Indus bank, Coal India.
  PSU Bank are continue laggards, with consider resistance 2830-2850 range whereas support nearly  2750-2760 range.
  Higher level some selling opportunity seen, now time to sharp panic to long side.

More details and entry level call
9630466296 /9301302732 

1 comment:

  1. Tepid buying interest limits nickel spot trading in Shanghai Capitalstars