Market Trend :
Bearish Bet now watch 1171 - previous break out level.
Market Out Look :
Continue market in selling mode and from a high almost 500 points wipe out and on Tuesday across the board selling seen and there is no sector saved. Time to avoid long side and rise to sell only.
Nifty Spot :
Nifty finally break out support level. Now resistance 11350-11360, down side below 11274 non stop target 11200-11171
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 11400-11410, down side break 11300 real panic will be start. Intraday pull back to sell side.
Last week Trend
|
High
|
Low
|
Clos
|
Nifty Future
|
11775
|
11437
|
11633
|
Bank Nifty Spot :
Bank Nifty finally break down support level 27165 and big down side seen almost 400 points and closed at 26800. As we have predicted target 26000 + in coming days.
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
|
11400-11300
| |
Highest Calls
|
11800-11600
| |
Put Writing
|
--
| |
Call Writing
|
11500-11400
| |
Long Side
|
Page Ind Hexaware, Bicon
| |
Short Side
|
Godrej Ind. Voltas, HDFC Bank, Titan, Cipla ITC
| |
Short Covering
| ||
Long Exit
|
CNX PSU BANKS :
Over all selling continue and we are selling mode below 3200 mark. SBI near to support level 281 whereas 200 DMA are established.
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 :
Now time to sell side and trading below 16000.
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 now time to profit booking at higher level. Below 10500 more sell of 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 :
3700 was the bench mark and finally unable to hold and made a low 3559. So rise to sell 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.
| ||||
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