Market Out Look :
Market was finally break down due to depreciate of rupee as well as
crude oil price and govt. unable to good announcement to Rupee resulted broad
based selling in market and closed with massive loss. Over we are still above the last week low
and likely test in short term. Best
strategy is that sell on rise and avoid any buy side. .
Nifty Spot :
Market was free fall on Monday and finally it was made a low
11367 and closed near to days low. Now consider resistance 11450-11460 and as
long as remain below down side target 11350-11300 likely in short term. Avoid any long side.
|
Last
week
|
High
|
Low
|
Close
|
52 High
|
52-Low
|
|
Trend
|
11573
|
11250
|
11515
|
11760
|
9685
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
11440
|
11500
|
13005
|
11000
|
10730
|
Nifty Future :
Overall selling seen in
Nifty Future. Consider resistance 11450-11460 is a good resistance and remain
below down side open towards 11300 and below.
|
Last
week Trend
|
High
|
Low
|
Clos
|
|
Nifty
Future
|
1559
|
11466
|
11547
|
Bank Nifty Spot :
On Monday bank nifty unable to cross major resistance level
27165-27200 and finally it was break down support level and made a low 26743
and closed near to 26800. Trend is
bearish and more lower level in coming days.
Resistance continue 27100-27200 range watch out.
|
Last week
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
|
Trend
|
27405
|
26555
|
27164
|
28388
|
23604
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
|
27095
|
27363
|
27466
|
26818
|
26096
|
|
FO QUES :
|
|
NIFTY
|
BANK NIFTY
|
|
Highest Put
|
11400-11000
|
|
|
Highest Calls
|
11800-11600
|
|
|
Put Writing
|
-
|
|
|
Call Writing
|
11500-11600
|
|
|
|
|
|
|
Long Side
|
Divis Lab, BPCL
|
|
|
Short Side
|
Manapuram,
Amaraja Battery KPIT
|
|
|
Short Covering
|
Syndicate Bank
|
|
|
Long Exit
|
Federal Bank.
|
CNX PSU BANKS :
Overall trend is bearish and higher level any rise to good
opportunity to hsort side, Consider resistance 3150-3200 till not cross remain down side.
|
Last week
|
High
|
Low
|
Close
|
52W-Hig
|
52-W Low
|
|
- Trend
|
3148
|
2991
|
3086
|
4335
|
2645
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
3075
|
3147
|
3076
|
2979
|
3175
|
|
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. However, at current level some profit
booking is a best way. However, HCL Tech
looks good and big break out seen after 6 years.
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
16230
|
15844
|
16073
|
16230
|
10454
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
16065
|
16003
|
14980
|
14343
|
13325
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam,
OFSS, KPIT Tata Elexi.
|
||||
CNX Pharma :
After sharp rise some profit booking seen but any lower level
good opportunity to long side. Consider
resistance 10700-10750, once stay above, non stop target 11000 and above, down
side support 10400 watch out.
|
Last
week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
10786
|
10152
|
10653
|
10786
|
7900
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
10485
|
10427
|
9575
|
9150
|
9125
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS,
KPIT Tata Elexi.
|
||||
CNX Metal :
Strong recovery on Friday and Monday
it was also showed good strength and finally closed near to 200 DMA, trend is
bullish and decline to buy side.
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
3727
|
3543
|
3714
|
4256
|
3062
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
3652
|
3640
|
3415
|
3500
|
3668
|
|
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
|
17000
|
|
|
|
18970
|
18972
|
19512
|
|
Nifty
Reality
|
375
|
251
|
|
|
|
269
|
282
|
303
|
|
Nifty.
Pvt. Bank
|
16152
|
13298
|
|
|
|
|
|
|
|
Nifty
FMCG
|
33168
|
24427
|
|
|
|
30916
|
29758
|
28230
|
|
Nifty
Auto
|
12108
|
10530
|
|
|
|
|
|
|
Trading Strategy :
|
Future Market
|
Buy Tata
Steel - On decline at 610 + stop loss
600 below target 620 625. (As long as hold 590 buy on decline and over all
looks metal are showing strength.)
|
|
Cash Premium
|
Buy Auro Pharma on decline 785 + STOP LOSS 770 on closing basis, up
side target 800-805.
|
|
Cash Market call
|
Sell - Tata Motor
263 stop loss 266 target 260 255
+ (Lower level do not short and
strong bounce back likely)
|
|
Option Call
|
More up dated market hrs. Concentrate buying put and selling call of
Bank Nifty Expiry.
|
|
Nifty Future + Bank Nifty
|
Over all trend is bearish and sell side……
Nifty Future – Resistance 11450-11460 - Reversal to sell side.
Bank Nifty Future – Resistance 27100-27200 remain below sell side.
|
|
DELIVERY CALL
|
Sugar stocks concentrate and big move in next three
months.
|
|
POSITIONAL CALL (New)
|
Buy
Auro Pharma on decline at 790 + stop
loss 770 target 850 900 + in short term.
|
|
Updated Positional Call
|
LT - Hold with stop loss
1130 target 140
|
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