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)
BUY ANY
DIP - ONLY BUY SIDE
Once again new
life time high and up trend continue. Pvt. Banks looks
good and more up side in coming days. Strong momentum in
market. Remain invested. As Nifty move non stop 500
points from the break out level so some profit booking also possible at the
resistance level. Any long should keep a strict stop
loss.
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 11450, up side target 11500
1540 1550 likely in short term.
|
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
11380-11400 whereas to buying opportunity, higher level resistance
11500, thereafter sharp movement on card.
|
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. Remain buy 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 - 11200
|
|
Highest Calls
|
11500—11400
|
|
Put Writing
|
11300---11400
|
|
Call Writing
|
11700- 11600
|
|
Long Side
|
STAR, Voltas, KTK Bank, Ajanta
Pharma, Tata Motor, SBI
|
|
Short Side
|
Lupin, divis Lab, BPCL, Arvind
BEML, IGL
|
|
Short Covering
|
SRF, Adani Ports
|
|
Long Exit
|
Jet Airways, Balrampur Chini.
|
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 resulted will
come on Friday and will be a trend decider of PSU Bank Index.
|
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.
|
||||
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.
|
||||
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.
Today Lupin
disappoint, however, CIPLA delivered good number. Today Auro Pharma
will give number and next week more front line company will give
result. So few trading sessions very volatile but good opportunity
to long 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.
|
||||
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.
|
||||
Forthcoming
Results :
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.
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