www.3mteam.in
Thursday, September 27, 2018
Daily News Letter – 27th September – 2018 Commodity Market
Gold : Oct. 30610
Bullish trend and almost from the lower level, it has been
completed its up move and time for consolidation and profit taking likely. Overall
consider support 30500-30600 and once
break sell side, resistance nearly
30700-30800 range in today trade.
Silver :
Dec – 37890
Trading range continue and higher level some profit booking
see. Over all trading range have been
formed at 37000 to 38000 between these line time for consolidation and once sustained
above 38000 it will show real strength,
any weakness to buy side. Now support
watch 37800.
Crude Oil
– Sept 5201
On Friday heavy buying
seen along with decent volume an d able to closed above 5100 mark. However,
Brent crude oil unable to cross their resistance level 80 dollar which is a
strong resistance. Now time to book profit at current level and
re enter again at lower level. Higher level to sell side.
Copper
---Sept 460
We are bullish above 425 and our target 450 + have been
achieved, now consider resistance 465-466
and major up move only above that level……………otherwise good selling
opportunity on intra day basis.
Nickel
–Sept 926
After recovery again
selling pressure seen in market and finally closed at 930. Now consider resistance 945-950 watch out. Lower level to buy side.
Natural
Gas –Sept. 215.50
As we were continue
writing a bullish and any decline to good opportunity to long side. Trend is
bullish with consider support 205-200 range and up side open towards 225.
Trading above 50-100-200 DMA strong bullish signals. Today resistance 221-222 watch out and
reversal to sell side on intra day basis.
Aluminum –Sept. 148
Some recovery seen from a lower level and almost made a low
last week 144 mark. Now higher level
resistance and supply zone is 150-152 range once successfully stay above, it
will move like rocket. Above 152 any short will be danger or keep a stop loss
152 to sell side.
ZINC
- Sept.
186
Very bullish trend
with consider support 177-180 range and decline to buy side, upperside
target 193-200-203 likely as hold support level. Today support 182-183 range.
LEAD – Sept. 144
Smart recovery from a lower level and almost good bounce back
seen. With consider support 145 and
resistance 152 watch out in near term. Now time to sell side.
Call- 9301302732-9630466296-9009932996
News Letter – 27TH th September – 2018 EQUITY – FO –CASH-OPTION MARKET
Market Trend :
Rally will face Resistance 11171---11200- Nifty Support 10990
Bank Nifty
Spot - Support 25000-24900 - resistance 25600
Market Out Look :
Today market looks high
volatile as a FO expiry and a lot of short position in system so sharp recovery
can not be ruled out. Over all trading
range of Nifty and Bank Nifty and likely to remain in expiry, however strategy
is that buy at support level and sell on resistance level is a good bet and low
volume advised.
Nifty Spot :
Strong recovery from lower level
and finally closed with massive gain.
Today consider support 10990-10950
and resistance 11150-11171
crossover successfully it will show power in market.
|
Last
week
|
High
|
Low
|
Close
|
52 High
|
52-Low
|
|
Trend
|
11465
|
10866
|
11143
|
11760
|
9775
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
11309
|
11377
|
11342
|
11025
|
10750
|
Nifty Future :
Intra day buy on decline
strategy with consider support
11000 +
resistance 11130-11150 crossover it will show real power.
|
Last
week Trend
|
High
|
Low
|
Clos
|
|
Nifty
Future
|
11490
|
11006
|
11166
|
Bank Nifty Spot :
After sharp fall from and almost 3000 points wipe out with consider
support nearly 25000-24900, upper side
resistance 25500-25600 once stay above
sharp move towards 26000. +
|
Last week
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
|
Trend
|
27003
|
25053
|
25597
|
28388
|
23604
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
|
26460
|
26807
|
27445
|
26866
|
26107
|
|
Other Indices :
|
Index
|
52-
WH
|
52-HL
|
Closed
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
Dow -30
|
26780
|
22219
|
26743
|
26420
|
26222
|
25670
|
25171
|
25013
|
|
S&P 500
|
2940
|
2488
|
2929
|
2912
|
2902
|
2857
|
2795
|
2750
|
|
Nasdaq
|
8133
|
6343
|
7986
|
7963
|
7969
|
7595
|
7709
|
7433
|
|
India Vix
|
21.035
|
9.43
|
15.350
|
14.142
|
14.45
|
13.12
|
13.12
|
13.95
|
|
BSE
|
38989
|
31081
|
36841
|
37385
|
37661
|
37557
|
36417
|
35232
|
FO QUES :
|
|
NIFTY
|
BANK NIFTY
|
|
Highest Put
|
11000-10800
|
|
|
Highest Calls
|
11200-11100
|
|
|
Put Writing
|
11100-10950
|
|
|
Call Writing
|
11200-11100
|
|
|
Long Side
|
Marico, Exide, BPCL,
Cipla
|
|
|
Short Side
|
Wipro Bank of
India, Voltas
|
|
|
Short Covering
|
|
|
|
Long Exit
|
|
CNX PSU BANKS :
Some recovery on card and holding above 2700
intra day pull back and short covering likely in front line stocks.
|
Last week
|
High
|
Low
|
Close
|
52W-Hig
|
52-W Low
|
|
- Trend
|
3074
|
2659
|
2834
|
4335
|
2645
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
2951
|
3020
|
3087
|
2985
|
3153
|
|
Basket of PSU
Banks : SBI
–BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI,
All Bank, Bank of India.
|
||||
CNX IT :
Trading above continue bullish view 16000. But time to book profit and money at home is a best strategy in market. Looks major correction on card.
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
16208
|
15580
|
15834
|
16230
|
10454
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
16024
|
16045
|
15735
|
14430
|
13421
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam,
OFSS, KPIT Tata Elexi.
|
||||
CNX Pharma :
After made a high last week 10740 over all selling pressure
and it was made a low 9861, over all bullish trend and any dip to buy side with
consider decent sport 10000-9800 range.
|
Last
week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
10740
|
9861
|
10252
|
10786
|
7900
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
10466
|
10470
|
9664
|
9209
|
9146
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS,
KPIT Tata Elexi.
|
||||
CNX Metal :
Bullish trend and recovery seen from
a lower level with consider support 3950-3600
range, stay above 3700 mark major up
move can not be ruled out.
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
|
|
|
4256
|
3062
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
3686
|
3661
|
3442
|
3496
|
3668
|
|
|
||||
NIFTY SECTOR INDEX :
|
Index
|
52 week range
|
Last Week Range
|
||||||
|
|
High
|
Low
|
High
|
Low
|
Close
|
50
|
100
|
200
|
|
CNX
Midcap 100
|
21840
|
17000
|
|
|
|
|
|
|
|
Nifty
Reality
|
375
|
251
|
|
|
|
|
|
|
|
Nifty.
Pvt. Bank
|
16152
|
13298
|
|
|
|
|
|
|
|
Nifty
FMCG
|
33168
|
24427
|
|
|
|
|
|
|
|
Nifty
Auto
|
12108
|
10530
|
|
|
|
|
|
|
Trading Strategy :
|
Future Market
|
Buy – JSW
Steel buy around 405 + stop loss 400 target 415 420
|
|
Cash Premium
|
Buy Cipla 670 + stop loss 660 target 685 695
|
|
Cash Market call
|
Buy Exide Industries – 273 + stop loss 266 target 290 +
|
|
Option Call
|
High Volatile today so keep a close eye in
screen and recommended during market hrs.
|
|
Nifty Future + Bank Nifty
|
Volatile again….
Nifty Future
Support 11000 + to buy side with stop loss 10880 target
11080-11000 and major resistance
11135-11150, once crossover and stay above it will show real movement.
Bank Nifty Future – Over all wide range with
consider support 25200-25100 and remain above up side target 25400-25500 ,
once stay above sharp recovery towards 26000. (Remember heavy short in
system)
|
|
DELIVERY CALL
|
No call
|
|
POSITIONAL CALL (New)
|
No call
|
|
Updated Positional Call
|
No position
|
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