equity market up dated 10 th sep 2018

3M TEAM RESEARCH- www,3mteam.in                                                                    SEBI Registered as Investment Advisor

Daily Morning News Letter – 10th September – 2018 EQUITY – FO –CASH-OPTION MARKET

Golden Rules for Traders :

1.    Never  added to a losing trade.

2.    Never lose more than 1 % to 2% of your trading capital on any one trade.

3.    Never trade anything you do not understand 100%.

4.    Trade in the direction of the trend in your trading time frame.

5.    Only look for low risk/high reward trades or high probability set up . When you do not have any signals, do not trade.

6.    Trade your plan, your system, your signals, the chart and price, action  and not your opinions, bias or predictions.

7.    Find a trading methodology that fits your personality.

8.    Do not trade before you have a complete trading plan, including rules on entries, exits and risk management.

9.    The size of your wins and losses determines your trading success.

10. Your risk management rules will determine the success of your technical trading system.

Market Trend   :

  Major Support Nifty  11350-11400

Bank Nifty – Major Support – 27300-27200- Hold may test 28400 again.

Market Ready to fire works.

Market Out Look :

After sharp fall last week smart recovery seen from 11393 and finally closed with a green note at 11590 which was a gain of almost 190 points. Despite of depreciate of rupee and rising crude prices smart recovery seen at lower level and likely continue in next week also.  Pharma are continue in good bet after fresh break out and likely out perform in coming months.  Metal sector looks fresh break out after long consolidation and ready for big move. From lower level, buying seen in Mid cap and Small mid cap stocks so write time to investment after sharp fall.  As Nifty 11400 highest put holding so major support of Sept. series and holding may test higher side. On the positive front a lot of short also in system so chances of strong recovery are imminent.

Nifty Spot  : 

Nifty finally some recovery seen from lower level and short term support have been established at 11400 and dip to buy side. Higher level resistance 11600-11620, once  successfully taken out, upper side gate open towards 11700-11750-11810 likely. Dip to buy side.

Last week Trend	High	Low	Close	52 High	52-Low
Nifty Spot	11760			11760	9685

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
11541	11618	11245	10966	10710

Nifty Future  :

 Now consider support  11500 and crossover 11650  up side towards 11700-11750 and above in near term.   Decline to buy and ready for big move.

Last week Trend	High	Low	Clos
Nifty Future	11775	11437	11633

Bank Nifty Spot  :

Bank Nifty are continue in in trading range after sharp fall of last week it was made a base at 27100 + which was also a support area of previous decline and time being we may consider decent support range 27000-27200 range, higher side resistance 27700 whereas a highest call and once taken out nonstop target 28000 likely in near term. Over all sharp dip to buy side.

Last week Trend	High	Low	Close	52-W High	52-W LOW
Bank Nifty Future
5 DMA	10 DMA	50  DMA	100 DMA	200 DMA
27515	27850	27409	26740	26071

FO QUES   :

	NIFTY	BANK NIFTY
Highest Put	11500-11400	27000
Highest Calls	11800-11600	27700-28000
Put Writing	11500-11400
Call Writing
Long Side	Torrent Pharma, Wipro, Auro Pharma, Lupin
Short Side	Yes Bank,SBI, Can Bank
Short Covering
Long Exit

CNX PSU BANKS     :

Last week sharp fall seen due to depreciate of rupee on a fear of that hike in interest rate. Down side decent support 3000-3050 mark, once it will stay above 3200, positive bias will coe in market and may test 3300 mark.

Last week Trend	High	Low	Close	52W-High	52-W Low
-	3356	3093	3136	4335	2645

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
3181	3232	3054	2970	3193
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 continue and likely out perform Now up side moving towards 16500 and above, TCS, Tech Mahindra, HCL Tech looks good and for long term bet, Infosys are Dark Horse.

Last week Trend	High	Low	Close	52W-High	52-W Low
	16131	15703	16105	16130	10454

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
15600	15796	14817	14244	13228
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

CNX Pharma  :

As we are bullish above 9000 mark and almost gained more than 1600 points from a lower level.  Trend is very bullish and looks more up side in coming months and any dip to buy side.  As trading above 10200 mark up side open towards 11000 in near term, thereafter move towards 12000.   On a stock specify, Lupin, Dr. Readdy Lab, Auro Pharma, Sun Pharma are a good bet and any dip to buy side.

Last week Trend	High	Low	Close	52W-High	52-W Low
	10705	10120	10661	10705	7900

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
10422	10277	9475	9086	9102
Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

CNX Metal  :

Over all buying seen at lower. As a resut fresh break in metal index  and will out perform in coming months.  Holding above 3700 strong move up move. Tata Steel, HIndalco, VEDL, JSW Steel are good and buy side

Last week Trend	High	Low	Close	52W-High	52-W Low
	3713	3538	3700	4256	3062

5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
3639	3627	3394	3507	3671
Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

NIFTY SECTOR INDEX :

Index	52 week range		Last Week  Range
	High	Low	High	Low	Close	50	100	200
CNX Midcap 100	21840	17700			19580
Nifty Reality	375	251			268	269	283	302
Nifty. Pvt. Bank	16152	13298			15618
Nifty FMCG	33067	24427			31354	30756	29654
Nifty Auto	12108	10560			11036	10890	11041	11204

Trading Strategy  :

Future Market
Cash Premium
Cash Market call
Option Call	.
Nifty Future + Bank Nifty
DELIVERY CALL
POSITIONAL CALL  (New)	Buy Lupin any dip 960 + stop loss 930 target 1040-1050.
Updated Positional Call	Hold Axis Bank  - Long side (Buy call at 635 ) Stop loss 630 VED LTD -  Hold stop loss 225.  (Buy call at 225)