Wednesday, August 1, 2018

Equity Market – 1ST August 2018

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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