Market Trend :
Rally will face Resistance 11171---11200-
thereafter 11300-11350
Bank Nifty -
Resistance 25600-25700
Trend Reversal Set Up
- Avoid Fresh Short -
Weakness Nifty below 10850
Market Out Look :
High volatile and roller coaster seen on Tuesday trading and
finally FM come to rescue in market and positive sentiment developed resulted
heavy short covering from lower level
and across the board buying seen resulted Nifty from a low 10880 closed with a massive
gain of 180 points and Bank Nifty from a
low to hih gained more than 700 points.
Short term trend have been change and time to any decline to buy side
and looks that govt are fully supporting market which is lead by LIC.
Nifty Spot :
Strong recovery from lower level
and finally closed with massive gain.
Today consider support 11010 and 10940, upper side resistance
11171—11200, once sustained and crossover, it will show real move in market and
big move on card.
|
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 11035 to
1130 and far support 10965, holding above up side target 11200-11230 easily. Avoid short sell.
|
Last
week Trend
|
High
|
Low
|
Clos
|
|
Nifty
Future
|
11490
|
11006
|
11166
|
Bank Nifty Spot :
After sharp fall from and almost 3000 points wipe out time for
short covery and yesterday manage hold
25000 and closed above. Now time to buy on decline with consider
support 25100 + up side open towards
25800-2600-26165 in next two trading
sessions due to short covering.
|
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
|
11200-11500
|
|
|
Put Writing
|
11000-10800
|
|
|
Call Writing
|
|
|
|
Long Side
|
Axis Bank, M&M
Finance, Ambuja, Infosys
|
|
|
Short Side
|
Arvind Bank of
Baroda, GAIL, Ceat
|
|
|
Short Covering
|
|
|
|
Long Exit
|
|
CNX PSU BANKS :
Some recovery on card and holding 2750
up side open towards 2850-2900.
SBI, looking good and time to buy side.
|
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.
|
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 and smart come back resulted closed 10245. Over all buy on decline strategy. Lupin, Sun Pharma, Wock Hard Pharma are
looking good and buy side.
|
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 3550
and resistance nearly 3700 mnark.
|
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
M&M above 896 stop loss 888 target 910 920 +
|
|
Cash Premium
|
Buy Apollo Tyres above 231
stop loss 227 target 240-242
|
|
Cash Market call
|
Buy Equitus above
132 stop loss 128 target 135 138.
|
|
Option Call
|
Buy
11100 Call 60
+ stop loss 40 target 100 +
We are long 26300 call of Bank Nifty at
250 + hold for target 400-450-500 stp
loss 150.
|
|
Nifty Future + Bank Nifty
|
Buy
Nifty Future on decline 11035 +
stop loss 10990 target 11100-1150-11228.
Buy Bank Nifty Future – 25200-25210 stop loss
25000 below target 25600-25900
+.
|
|
DELIVERY CALL
|
Buy Yes Bank 220 + and forget for 2 years
Buy LT Food
(Dawat) at 42 + target
150-200 - time period 3 to 5 years.
|
|
POSITIONAL CALL (New)
|
|
|
Updated Positional Call
|
|
www.3mteam.in
Nice blog content keeps it up, Share Market Tips
ReplyDelete