Market Trend :
Market in Bearish Mood…..
First Hrs wait and watch -
Depreciating of Rupee Big Problem of our Market –
Last 40 years data revealed that before Election rupee will depreciate, thereafter it will stable, so more pain in coming days.
First 60 minutes wait and watch of Rupee Trade, thereafter trade in Stock Market.
Market Out Look :
Due to depreciate of rupee and trade war between China and USA carnage seen and almost from a higher level more than 350 points have been wipe out and almost more than one lac crore wipe out from the market. Time being weakness continue and more down side likely in continue. So avoid fresh long and bottom fishing.
Nifty Spot :
Nifty finally unable to hold 11520 and finally break down support level. Short term trend is bearish and any rise to selling side. Consider resistance 11500-11520 watch out, down side support 11390-11400 break down over all selling likely.
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 resistance nearly 11530-11550 and higher level to sell side, down side support 11490 below more down side.
Last week Trend
|
High
|
Low
|
Clos
|
Nifty Future
|
11775
|
11437
|
11633
|
Bank Nifty Spot :
Bank Nifty are continue in down side and heavy selling pressure seen resulted over all selling seen in across the market. Now we may consider resistance 27400-27500 as remain below down side target 27100-27000 mark, break down more down side likely.
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
|
|
Highest Calls
|
11800-11600
|
|
Put Writing
|
|
|
Call Writing
|
11600-11700
|
|
|
|
|
Long Side
|
MFSL- GLENMARK, HCL TECH, TCS
|
Short Side
|
Tata Globa, VEDL, Voltas, BOI BPCL, Havells, Apollo Tyre, Reliance Capital
|
Short Covering
|
Arvind Mills
|
Long Exit
|
HDFC Bank, MGL, Mind Tree.
|
CNX PSU BANKS :
Over all selling pressure seen across the PSU Bank stocks. Over all trend is bearish with consider resistance 3100-3120 range and remain below sell side. Selling Opportunity – SBI, Can Bank, Bank of India, Bank of Baroda.
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 and holding above 16000 up side target open towards 16500 and above. HCL Tech, TCS, Infosys are looking good.
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 but last two days some profit booking seen at higher level which was made 10785 and finally it was closed at 10447 with a loss of more than 200 points. Short term profit booking continue, so fresh long avoid and wait and watch in near term.
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 mode but unable to cross 3700 mark successfully and closed below that level. However, any sgharp down side to 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
|
| 
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