Cash Premium
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Market Trend :
Nifty Hold Support 11200 up side open towards 11500
Break out Target 11200-10000 = 1200 Target 11200 + 1200 =Projected Target 12400 +
Bank Nifty : Trading Range 27164 to 26060 (Break out Area) 27164- - 26060 = 1104 Upside projected 27164 + 1104 = 28268 (Upside projected Target)
DO NOT PLAY SHORT –DIP TO BUY SIDE
Over trend is continuing in up side and higher high higher low formation would indicate more up side in coming days. Over Advise to mainly concentrate on result stocks whereas a high volatility but good movement seen. Any dip to buy side in Pvt. Banking Stocks, Metal and FMCG stocks.
Nifty Spot :
Trend is very bullish and any dip to buy side. Consider support 11340-11350 whereas a good support are intra day, higher level once crossover 11430 and sustained above sharp move can not be ruled out. Do not short with any trading level.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-Low
|
Nifty Spot
|
11368
|
11295
|
11361
|
11368
|
9685
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
11325
|
11242
|
10880
|
10677
|
10567
|
Nifty Future :
Nifty Future bull move continue and likely more up side in coming days. Today support 11380-11360 whereas to buying opportunity, higher level resistance 11450-11460, thereafter sharp move towards 11500. Lower level to buy side.
Last week Trend
|
High
|
Low
|
Clos
|
Nifty Future
|
11407
|
11274
|
11396
|
Bank Nifty :
Trend is bullish and now looks that after some laggerds of HDFC Bank and Kotak bank will move in coming days which is a highest weight age in Index so any dip to buy side. Consider intra day support 27880-27810, upper side above 28000 and sustained above target 28200-28300. SBI will declare result on Friday , good result may more up side.
Major support 27000-27165 till hold these level up side target 28250-28500 in near term. On Weekly Chart - major support 25000-25500 and up side open towards 31000-31500 on weekly chart.
Last week Trend
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
Bank Nifty Future
|
27872
|
27415
|
27777
|
27872
|
---
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
27650
|
27430
|
26740
|
25976
|
25746
|
|
FO QUES :
Highest Put - 11000-112000
Highest call --- 11500-11400
Pur writing - ---11400-11200
Call Writing -- 11500-11600
Long Side: Torrent Pharma, Havells, TVS Motor, Bata NMDC UPL and LIC Housing
Short side : Arvind Mills, Apollo Tyre, MOthersumi, ONGC Cipla
Short Covering : Chola, Maruti, HCL tech.
Long Unwinding : Syndicate Bank, Bharat Finance, Mind Tree.
CNX PSU BANKS :
Over all positive bias and strong bullish note with consider support 3250, upper resistance 3360-3400 watch out. Over all trading above 200 DMA indicate up side continue and more up move in coming days. SBI good result likely a big rally in all PSU Bank stocks. So any dip to buy side.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
-
|
3270
|
3135
|
3239
|
4335
|
2645
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
3206
|
3092
|
2931
|
2895
|
3254
|
Basket of PSU Banks : SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.
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CNX IT :
Strong bull as remain above 14000, upper side crossover 15000, another round of buying in IT stocks. Trend is bullish and buy side. No view change.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
14740
|
14387
|
14649
|
14771
|
10388
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
14577
|
14570
|
14100
|
13647
|
12736
|
Basket of IT Stocks - TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT Tata Elexi.
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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. Lower level to buy side.
Now Today Lupin and CIPLA will announce their result thereafter next week, Sun Pharma, Dr Readdy lab and others, so all these result will dictate the trend of Index, but dip to buy side.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
9559
|
8978
|
9501
|
14771
|
10388
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
9304
|
9151
|
8976
|
8797
|
9058
|
Basket of IT Stocks - TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT Tata Elexi.
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CNX Metal :
As we have mentioned that this sector is heavy over sold and at the current level all front like stocks looks good and any dip to long side. China fevour of metal over and ready to roar. On the positive side, after made a low of 3062 it was finally made a high 3387 which was gained from the low almost 400 points. However, still not break out in trading range which is 3430 to 3062 range = i.e. 368 points. Once it will cross and sustained above 3420 up side open towards 3700-3798 whereas 200 DMA also established. Any dip to buy side. VEDL-HINDALCO-TATA STEEL-JSW STEEL very hot and buy.
Last week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
3387
|
3266
|
3381
|
4256
|
3047
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
3336
|
3285
|
3405
|
3530
|
3710
|
Basket of Metal stocks - Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.
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Forthcoming Results :
8th August – BEML, STAR, Siemens, Lupin, NMDC, NALCO, Indian Bank, Hind Petro, HCC, Balrampur Chini, BPCL, Cipla.
9th August – Auropharma, Tata Com, Page Ind, Mannapuram Finance, MNRF, Jindal Steel, Eicher Motor, Engineers India , Cummins and Bharat Forge.
10th August - Andhra Bank – Union Bank, Sun TV, SBIN, NHPA, NCC, PC Jewelles, Hindalco, GAIL, Glenmark, Apollo Hospital, Ltd.
Trading Strategy :
Future Market
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For paid clients only
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Cash Premium
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For paid clients only
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Cash Market call
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For paid clients only
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Option Call
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For paid clients only
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DELIVERY CALL
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Edilwise from 300
VELD from 200
HINDALCO from 200 hold
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POSITIONALCALL (New)
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SBI Long call at 290 hold stop loss 303
VEDL - long call from 205 hold with stp loss 225
HINDALCO - long call from 210 hold with stop loss 210
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Updated Positional Call
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