Market out look for 9th March 2017

Market are continue in trading range   and waiting for upper side break out.  However, big event are coming days like state election results.

Nifty...   Trend is bullish till the hold 8850 mark,  decline to buyside.

Bank Nifty.....  Holding 20450    up side target  20850 21000 are intact.

Some stocks to 

Long side....  SBI, TCS,  Jet Airways, Bharat finance  Yes Bank

Short Side....... Gail,  Tata Steel, Hindalco, VEDL  , MRF   and many more

Our Call dated 8th March 2017

Nifty Future  : Decent support 8900   8910 to buy side – Closed at 8950

Bank Nifty   :  Buy around 20600 stop loss 20480 target 20750 20800  - Achieved and gained almost 150 points.

Bharat financial   : Above 800  bullish target 850   880  - Holding long

Jet Airways  :     Long call at 425  target 460 470   -  Today sold at 460  

Bank Nifty  ; 20500 call Buy at 125 target 200 250     - Full book profit.

TCS    :  Buy call at 2500  hold for target 2550

LIC Housing Ltd  - Long call holding at 560  target 600 

3M TEAM RESEARCH PVT LTD

Cell No 9630466296 

Market out look for 8th March ..........

Market are continue in  positive bias but befor the major events like State Election results at our country some cool.  However, any results there is no problem in the market and it will remain bullish sign.  Any decline to buy side.

Nifty ...........continue support 8900-8890 and resistance towards 9000, crossover over all buying in the market and more up side.

Bank Nifty.........Looking good with a trading range 20400 to 21000. Any sharp decline to accumulate.

Ready for Bullish Break Out.

Ready for Bullish Break Out... Nifty Above 8990 Bank Nifty Above 20900 No Short Sell please.... Banking stocks very hot like... ICICI Bank, Axis Bank, PNB and many more

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Market out look for  2ND March   2017 After GDP announced by Govt , market open with strong note and over all buying were seen in the market.  Resulted Market closed with the positive bias with decent gained in Nifty and Bank Nifty. Nifty  :   Going forwards, we may consider resistance 8980-9000  is a very stiff zone and successfully crossover with added substantial volume and open interest first sign of another move which will move towards 9200 to 9500 mark.  On the other hand filed to surpass these level, down side first support 8800  to 8810  and below non stop taget 8700  can not be ruled out.  However, election results likely to be announced 11th March  which  will be holiday of the market  and market will take next direction on 15th March 2017. (14th March will be holiday being a Holi) Bank Nifty  :     Bank Nifty open with up side gap and whole the day maintained  and finally closed future around 20836.   Over all trend is bullish and we may consider decent support 20500-20600  in short term and below major support 20000 to 19900  whereas the highest put are stand.  On the higher side, decisively crossover 20850  now heading towards 21000 thereafter  journey towards 21500 mark also expected.   Holding more 27 lacs in Open Interest indicate trend is strong bullish and any decline to buy side.     ICICI Bank likely outperform in the month of March 2017. Market Rumors :     Karnataka Bank to merge with Kotak Bank in ratio of 5:1. For every 5 shares of KTK Bank you will get 1 shares of Kotak Bank. Long side :-  Hindalco, M&M, Voltas, HDIL, Tisco, IBREAL, DLF Short Side :-   NTPC, Goal India, GAIL,        BPCL, Tata Motor, Bajaj finance and Ashok Leyland. Option Strategy  :    Time to sell/write   Bank Nifty 20800-20900-21000 call with tight stop loss with  market direction. Delivery Volume : ICICI Bank                             1.16 crores  -  Smart buying continue Tech Mahindra            21 lacs Sun Pharma                 16 lacs   -  Trend will be change likely Tata Motor                             38 lacs Axis Bank                     29 lacs Federal Bank                79 lacs Bank of Baroda            29 lacs SBI                                 28 Lacs PFC                               38 Lacs Infosys                          28 lacs   (Verge of Fresh break out towards 1150)  Some stocks to be watch out on 2nd March Trade  DCB Bank,  ICICI Bank, Sun Pharma, HDFC Ltd. TCS, Infosys, DHFL,  Yes Bank, Motherson Sumi  Tata Steel, Hindalco, VEDL, Cairain Ltd and Dr. Readdy. 3M TEAM Research Cell No. 9630466296 www.3mteam.in