Equity Market – 1ST August 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 11405-11435 thereafter rally towards 12392. Major support area 10900 to 10930 rabge,
Bullish trend and Nifty continue made a new high so more higher side in coming days. Today RBI policy so avoid any trading in Bank Nifty Index due to high volatile. Any dip to buy side.
|
Nifty Spot
|
Bullish trend, with consider 11330-11300, upper side resistance 11400-11410, crossover more up side towards 11450. Stop loss long 11250.
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 side with consider support 11300-11320 range, upper side resistance around 11410-11450 watch out.
Last week Trend
|
High
|
Low
|
Clos
|
Nifty Future
|
11313
|
11009
|
11307
|
|
Bank Nifty Future
|
After sharp rise some paus and profit booking seen which is lead by Axis Bank, HDFC Bank, Yes Bank . However, some short covering seen in Indus Bank, Kotak Bank. Over all trend is bullish with consider support 27700 and major support 27500, upper side open towards 28000-28250-28500 in coming days.
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 - 11000-11200
Highest call seen at 11500-11400
Pur writing seen- 11000-11200
Call Writing seen at 11400-11700
Long Side: IGL-MARICO-APOLLOY TYRE-RELIANCE-GRASIM, TITAN AND EXIDE
Short side : BANK OF INDIA-OIL,-OBC-IDEA
Short Covering : ESCORTS, KOTAK, TECH MAHINDRA, BIOCON
Long Unwinding : --CAN BANK- V GUARD
|
PSU BANK INDEX
|
Trend is bullish, but after sharp rise from lower level already move more than 500 points so some pause likely. Sharp decline to buy side.
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 with consider support 9100, upper side stay above 9210 target 9300. Sonner or later it will test 10000 mark.
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 holding 14000 over all buying in market. Infosys looks good and ready for fresh break out. .
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
|
After sharp decline now ready to move. Above 3200 no problem
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
|
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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