Market Trend :
Short
Term Bottom Established 10750-10800 range – Major weakness below
Resistance 11171-11200
- Sustained above only reversal confirmation otherwise sell side.
Crude – Again a problem – Brent above 85 $ danger for
Indian Economy
Market Out Look :
On Friday after testing a low which was nearly to 200
EMA and strong reversal seen resulted
gained a 200 points from a days low. Closed with massive gain with bullish bias
indicate, however Crude are remain a big problem in our market and how Govt
will handle such types of situation.
Brent Crude oil trading above 4 years high i.e. Nov. 2014. Now at current level fresh short avoid and
wait for dip to buy side.
Nifty Spot : 11088
Strong recovery from a lower level and closed with a major gained
of 200 points, over all indicate short term bottom established and weakness
only once break down 10800 mark decisively.
Now higher level trading above 11000 mark up side gate open towards
11080-11150-11171 in near term. Heavy
short covering and fresh buying life the Index and sector and across the board
buying seen in market. Major support on monthly
chart at 10000 +
|
Last
week
|
High
|
Low
|
Close
|
52 High
|
52-Low
|
|
Trend
|
11170
|
10850
|
10930
|
11760
|
9906
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
10999
|
11154
|
11344
|
11041
|
10770
|
Nifty Future : 11062
Intra day any decline to buy
side with consider support 11000-11010 range and resistance 11100, trade and
sustained above it will real move towards 11200 and above. Closed above 11200 more up side.
|
Last
week Trend
|
High
|
Low
|
Clos
|
|
Nifty
Future
|
11185
|
10892
|
10954
|
Bank Nifty Spot : 25367
After sharp dip for last few sessions, on Friday strong reversal
seen from a low of 24700 and finally
closed above 25300 level. Short term
trend looks change and upper side resistance nearly 25400-25450 and above it move towards 25750-26000-26100
mark whereas a 200 DMA established and at that level again reversal can not be
ruled out. Weekly and monthly
support 23600 and likely test in coming days.
|
Last week
|
High
|
Low
|
Close
|
52-W High
|
52-W LOW
|
|
Trend
|
25650
|
24678
|
25120
|
28388
|
23604
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
|
26460
|
25813
|
27275
|
25814
|
26110
|
|
Other Indices :
|
Index
|
52-
WH
|
52-HL
|
Closed
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
Dow -30
|
26769
|
22416
|
26458
|
26467
|
26415
|
25807
|
25287
|
25067
|
|
S&P 500
|
2940
|
2520
|
2913
|
2913
|
2914
|
2868
|
2808
|
2757
|
|
Nasdaq
|
7691
|
5955
|
7627
|
7856
|
7545
|
744
|
7289
|
5995
|
|
India Vix
|
|
|
|
|
|
|
|
|
|
BSE
|
|
|
|
|
|
|
|
|
FO QUES :
|
|
NIFTY
|
BANK NIFTY
|
|
Highest Put
|
10800-11000
|
|
|
Highest Calls
|
11500-11200
|
|
|
Put Writing
|
10700-10500
|
|
|
Call Writing
|
11000-10900
|
|
|
Long Side
|
Mind Tree, Ibul
Housing, DHFL
|
|
|
Short Side
|
Kotak Bank,
Indus Bank, Havells.
|
|
|
Short Covering
|
|
|
|
Long Exit
|
|
CNX PSU BANKS : 2799
Last week it was made a bottom 2674 and good come back seen
and over all buying in PSU bank which was led by SBI. Now we may consider support 2650-2600 mark,
upper side resistance 2860 watch out thereafter powerful up move cannot be
ruled out.
|
Last week
|
High
|
Low
|
Close
|
52W-Hig
|
52-W Low
|
|
- Trend
|
2860
|
2674
|
2700
|
4335
|
2645
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
2746
|
2850
|
3084
|
2981
|
3127
|
|
Basket of PSU
Banks : SBI
–BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI,
All Bank, Bank of India.
|
||||
CNX IT : 16214
Pull back from a lower level and holding above 16000 bull favour continue and but time too book
profit at home is a best strategy.
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
16361
|
15735
|
15858
|
16361
|
10527
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
16040
|
16031
|
15291
|
14550
|
13546
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam,
OFSS, KPIT Tata Elexi.
|
||||
CNX Pharma : 10034
After made a high last week some profit booking seen over all in
Pharma segment but trend is bullish . Today support 9950-9900 watch out and
remain above looks promising in today trade.
|
Last
week Trend
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
10440
|
9882
|
9972
|
10786
|
7900
|
|
5 DMA
|
10 DMA
|
50 DMA
|
100 DMA
|
200 DMA
|
|
10118
|
10292
|
9762
|
9270
|
9175
|
|
Basket of IT Stocks
- TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS,
KPIT Tata Elexi.
|
||||
CNX Metal : 3528
Bullish trend but higher level profit
seen. Major weakness below 3450
level. Higher level resistance continue
towards 3700-3750 mark..
|
Last
week
|
High
|
Low
|
Close
|
52W-High
|
52-W Low
|
|
Trend
|
3725
|
3472
|
3485
|
4256
|
3062
|
|
5
DMA
|
10
DMA
|
50
DMA
|
100
DMA
|
200
DMA
|
|
3622
|
3654
|
3473
|
3496
|
3668
|
|
|
||||
NIFTY SECTOR INDEX :
|
Index
|
52 week range
|
Last Week Range
|
||||||
|
|
High
|
Low
|
High
|
Low
|
Close
|
50
|
100
|
200
|
|
CNX
Midcap 100
|
|
|
|
|
|
|
|
|
|
Nifty
Reality
|
|
|
|
|
|
|
|
|
|
Nifty.
Pvt. Bank
|
|
|
|
|
|
|
|
|
|
Nifty
FMCG
|
|
|
|
|
|
|
|
|
|
Nifty
Auto
|
|
|
|
|
|
|
|
|
Trading Strategy :
|
Future Market
|
Buy Auro
Pharma at 760-761 stop loss 755 target
775-780 andabove. (Bullish view)
|
|
Cash Premium
|
Buy DLF at 155-156 stop loss 150 target
165 168
|
|
Cash Market call
|
Buy RBL Bank - around 515 + stop loss 505 target 530 535
|
|
Option Call
|
More up dated market hrs.
|
|
Nifty Future + Bank Nifty
|
Nifty Future – Support 11000-11010 hold these
level up side likely continue.
Bank Nifty Future – Decent support 25200-25250
holding up side towards 25500-25600……….More up dated market hrs
|
|
DELIVERY CALL
|
No call
|
|
POSITIONAL CALL (New)
|
Sell Grasim at 1015-1020 stop loss 1031 on
closing basis target 990-970
|
|
Updated Positional Call
|
No position
|
www.3mteam.in
No comments:
Post a Comment