News Letter – 1st OCT 2018 EQUITY – FO –CASH-OPTION MARKET

Market Trend   :

    WEAKNESS CONTINUE….  More down side in coming days

Nifty Resistance 11171-11200  - till not sustained above do not think any reversal

Down side target open Nifty 10500-10000 mark easily.

No Buy Side  -  Buy Put for safe guard 

Market Out Look :

Market  are continue in down ward and major break down seen across the board selling seen in market and almost Nifty  694 points and Bank Nifty 3000 points down. Overall trend is down and month to month massive fall and wealth eroded seen in market and trend is down.  On the other global front, USA and China impose fresh tarrif watt to each other and no respite for bulls.  Now the Oct series, over all looks weakness due to result, depreciate of rupee and rising oil prices.

Nifty Spot  : 

Higher level selling continue and avoid any bottom fishing whereas all TV channels are recommending to buy side.  Now consider resistance 1980-11000 and major resistance 11171-11200 and any pull back to good opportunity to short side.  Down side once break 10850, another 200 points easily wipe out from 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  :

 Selling pressure continue and major long unwinding and short seen in Nifty Future. Consider resistance 11000-11120  and support come nearly 10890  below it will show horrow movie.

Last week Trend	High	Low	Clos
Nifty Future	11185	10892	10954

Bank Nifty Spot  :

After sharp fall from  and almost 3000 points  from a high.   Now intra day any rise to sell side, consider resistance nearly 26400-26500  and stop loss above 26650 target 24600 thereafter vertical fall likely towards 24600-26100.  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	11000-10800
Highest Calls	11500-11200
Put Writing	11000-10800
Call Writing	11300-11200
Long Side	Axis Bak, HDFC Bank,
Short Side	Just Dila, KPIT, Yes Bank, DFHL, Ibulshouing.
Short Covering
Long Exit

CNX PSU BANKS     :

Selling pressure continue at higher level.  Resistance at  2750-2800 range and likely test 2650 in coming days thereafter more weakness.

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    :

Trend is bullish but on chart looks some negative divergence  and closing below 16000 mark indicate distribution at higher level of front line stocks.  As already move substantially at current level so time to book profit long side and play short side. Sell – sell

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  :

After made a high last week 10740 over all selling pressure and it was made a low 9861, now time to book profit at higher level. Time to book profit,

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  :

Bullish trend almost gone and Friday big fall seen and looks more selling pressure in coming days.

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	Sell  LIC Housing below 418 stop loss 425 target 410 400  +  (free fall on card)
Cash Premium	Sell  - Grasim below 1015  stop loss 1030 target 990-980 Sell Bandhan Bank at opening  bell below  550 stop loss 570 target 500  +  (vertical fall on card)
Cash Market call	Sell – Hindalco at 231-232  stop loss 236 target 225 220
Option Call	Buy Bank Nifty  - Weekly Expiry put – Strike Price  25500 at 300 + stop loss 150  target 500=600 and above. Hold Nifty 11000 put at 200  +   more up dated market hrs.
Nifty Future + Bank Nifty	Selll  - Nifty Future on rise  10980-11000  stop loss above 11060 target 10900-10850, thereafter be prepare vertical fall up to 10750.  Closed below 10750  - real panic in market towards 10500 + and below..  No buy under any circumstances. Bank Nifty  - Remain below 25500-25600 strong bear favour towards 24800-24500-24000 mark in short term.
DELIVERY CALL	No call
POSITIONAL CALL  (New)	Sell    Reliance on rise at 1275-1280 stop loss 1292 target 1250 and below.
Updated Positional Call	No position

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