Market Trend :
Trading Range 11500-11400 to 11600 .
Bank Nifty : Short term bearish – likely test 27500 +
Bank Nifty - Sell Side
Market Out Look :
Market are continue in trading range of 125 point of last four trading sessions and finally unable to cross 11620 and on Friday due to profit booking closed with a Red note. On the Bank Nifty side, heavy selling seen at higher level due depreciate of rupee and rising of oil prices and across the board selling resulted closed nearly 28000 mark. Over all short term trend is bearish and sell side. On the other hand last week save front line stocks which is led by Reliance and LT.
Nifty Spot :
Trend is bullish with small trading range 11500 to 11640-11650 , at higher level to sell side and lower level to buy side. At option data suggested that 11600 strike price highest OI stood whereas 11500-11400 put hold which is near term support level. As Banking stocks is highest weightage in Nifty so weakness likely continue in short term.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-Low
|
Nifty Spot
|
11621
|
11499
|
11557
|
11621
|
9685
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
11546
|
11480
|
11075
|
10844
|
10642
|
Nifty Future :
Last week some selling pressure seen at higher level with consider resistance 11600-11620 and as remain below down side target 11550-11500. So intra day sharp rise to sell side and lower level to buy side.
Last week Trend
|
High
|
Low
|
Clos
|
Nifty Future
|
11622
|
11510
|
11572
|
Bank Nifty Future :
Over all heavy selling sell in last week once it has broken support level 28200 an d likely remain below down side open towards 27800-27500 in near term. As highest put based established at 27800-27500 so next week likely move lower level so best opportunity to any rise sell side. On the other hand out of the money call is looks major selling opportunity and likely premium will be ZERO. On a technical side, resistance 28100-28200 watch out and support 28800 and 28700-28500.
Last week Trend
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
Bank Nifty Future
|
28378
|
27861
|
27909
|
28378
|
23605
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
27980
|
28104
|
28061
|
27141
|
25949
|
|
FO QUES :
|
NIFTY
|
BANK NIFTY
|
Highest Put
|
11500-11400
|
27500-2800
|
Highest Calls
|
11600-11700
|
28000-28200
|
Put Writing
|
11400-11300
|
27500
|
Call Writing
|
11600-11700
|
28100-28200-28300-28400
|
|
|
|
Long Side
|
Bhel, PNB, Volatas, JSW Steel, Hindalco, VEDL.
|
Short Side
|
Yes Bank, Hexaware, Mind Tree, Baja Auto, Titan, Bank of Baroda
|
Short Covering
|
India Cement, Ch Petro
|
Long Exit
|
Indus Bank, OBC
|
CNX PSU BANKS :
Last week some selling pressure seen at higher level with consider resistance 3300-3350 and support nearly 3190, below more sell off in front line banking stocks.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
-
|
3303
|
3193
|
3215
|
4335
|
2645
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
3247
|
3230
|
2998
|
2943
|
3229
|
Basket of PSU Banks : SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.
|
CNX IT :
Very bullish trend and fresh break out continue seen and finally it was made a high 15410 and finally some sell off resulted it was closed nearly 15260. However, trend is bullish with consider support around 1500-14900 and decline up to long side.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
15410
|
14947
|
15260
|
15410
|
10388
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
15167
|
15005
|
14438
|
13948
|
12998
|
Basket of IT Stocks - TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT Tata Elexi.
|
CNX Pharma :
Strong bull seen in last few weeks and after made a low 8724 it was made a high 9558 and finally it has also break out trding range which was 9470 to 8724 = 724 points on chart. So projected target in near term 9470 + 724 = 10194 likely . On the other hand trading above on weekly chart i.e. 10000 and on sustainable basis, big towards 12000 and above. So any dip to buy side and after a long term consolidation of 3 years looks over and ready to big big move in pharma sector.
Now last week again it was able to closed above 10000 mark which indicate trend is bullish, however, at current level some consolidation cannot be ruled out. However, continue trading above 10000 mark verge of weekly break out on chart and may test 12000 mark in coming months. Buy side – Lupin, Sun Pharma, Auro Pharma, Glen Mark, Cadila Pharma.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
10142
|
9723
|
10061
|
10142
|
7900
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
9916
|
9623
|
9271
|
8932
|
9052
|
Basket of IT Stocks - TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT Tata Elexi.
|
CNX Metal :
Last two week trend is consolidation but now time to break out in next week, once it will move towards 3500 and time being we may consider support 3390-3300 range. Looks Hot, Tata Steel, Hindalco, VEDL and JSW Steel.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
3498
|
3394
|
3481
|
4256
|
3047
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
3447
|
3433
|
3359
|
3511
|
3680
|
Basket of Metal stocks - Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.
|
Research Head :
|
Marketing Head
|
Rakesh Sethi
+91-9630466296
Rakesh01962@gmail.com.
|
Mr. Kushwaha
0731-4991684-9009932996
|
HNI DESK :
Miss Priyanka
Cell No. 9630466296
|
HELP/QUERY DESK
Mr. Vinay
Cell No. 9301302732
|
3M Team Research
325 Millindia Manner, RNT Marg,
INDORE MP 452 006
|
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