selling pressure likely, higher level resistance 9950, thereafter over all buying likely.
Nifty future : Consider support 9850, resistance 9920-9950 watch out and lower level buying opportunity.
Bank Nifty Future : Down side support established at 24000-23900 as long as hold up move continue towards 24200 24300 .
Metal Index : Consider support 3550-3560, resistance 3620 crossover over all buying in Metal stocks.
Pharam Index : Trend is positive bias with consider support 9300-9310, resistance 9500
PSU Bank Index : Consider support 3000, resistance 3060, crossover and sustained above some buying likely in PSU bank stocks from over sold region. Bank of Baroda, Can Bank, PNB, Indian Bank looks some short covering.
Long Side : Jubilant food, DHFl , DHFL, EQUITIUS ARVIND MILLS
Short Side : Power Grid, Tech Mahindra, ICICI Pru and ICICI Bank
OI SPURT : : . Bank of Baroda 1.47, Sun Pharma 1343, Arvind 402, Yes Bank 2378, Axis Bank short side 1857, Can Bank short covering 4.74, Reliance long side 1028, Tech Mahindra 2.75 short side.
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Friday, October 6, 2017
Market out look 6th Oct 2017
Thursday, October 5, 2017
Market out look 5th Oct 2017
Market out look 5th Oct 2017
Nifty Above 9850
Corrective rally continue in market.
Market out Look : As expected status quo maintained by RBI resulted some buying seen at lower level and finally ablve to closed above 9900 mark which indicate short term trend have been changed above 9850. Take advantage of rally and avoid big open position over night.
Technical Out Look
Nifty : Consider support 9850-9800, resistance 9950 and 9990-10000 watch out. Holding above9890 up side target open towards 10100-10140.
Nifty future : Short term trend is up with consider support 9850, above 9960 up side gate open towards 10000-10050.
Bank Nifty Future : Down side support established at 24000-23900 range and upper side resistance 24300-24500.
Metal Index : Metal Index continue performing well with consider support 3500-3510 range and resistance 3610-3650 watch out.
Pharam Index : Trend is positive bias continue with consider support 9100-9000 range, resistance 9450, thereafter more up side towards 9600 9700 9800.
PSU Bank Index : Consider support 3000, resistance 3100, crossover some up side. PSU Bank looks short term bottom out but more confirmation awaited.
Long Side : Torrent Pharma, BATA Ltd, Petronet, Havels, BPCL, HPCL and many more.
Short Side : Apollo Tyres, Mothersumi, dish TV, SRF, Tata Elexi and ICICI Bank.
OI SPURT : : Bata 4.11 long side, Apollo tyres 19.56 lacs short side, Havelles long side 300, Kotak Bank longside, Sun Pharma 4.12 long side, Yes Bank 1.52 long side, Reliance long side 10.25 lacs, DHFL 14.66 long side.
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Wednesday, October 4, 2017
Market out look 4th Oct 2017
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Tuesday, October 3, 2017
Market out look 3RD Oct 2017
Market out look 3RD Oct 2017
Double Bottom Formation in Nifty
9685-9700
Hold - up side recovery which is shor lived
Break 9680-9650 – be prepare for deeper correction.
Market out Look : As expected and mentioned in this column that due to long weekend market may correct at higher level and it was happened, however all blue channels are very exciting and recommending to long side resulted investor trapped. We advised to avoid these channels and recommendations. After Double bottom formation strong recovery which was made a high almost 9850. Short term trend is up due to over sold market and some more recovery and Tuesday market likely open with up side gap due to excellent number delivered by Auto segment and likely lime light in Tuesday trade specially, Maruti Ltd. Escorts, Ltd, Eicher Motor, Hero Motor and Bajaj Auto. Higher level be captious and looks opportunity to short side with proper stop loss.
Technical Out Look
Nifty : As we are predicating continue decent support 9680-9700 and smart bounce back seen now today consider support 9775-9750 and sustained above 9860 up side towards 9900-9920-9950 can be ruled out. Take advantage of swing trading.
Nifty future : Short term trend is up with consider support 9750 and resistance 9900 watch out. Buy on decline strategy. Buy at support level and sell at resistance level is a good strategy at current juncture.
Bank Nifty Future : Strong bounce back last week from the lover level and short term support nearly 23800-23900 and resistance around 24300-24500 watch out and again reversal at higher level likely. RBI will announce their policy on 4th Oct, 2017.
Metal Index : Metal Index continue in out perform against the market with consider support 3500-3450 and resistance nearly 3600 crossover more up side in metal stocks and our best pcks, Hindalco, VEDL and Tata Steel sell side at higher level.
Pharam Index : After sharp up move, some selling and profit booking likely continue but if managed to hold 8900-9000 range up side open towards 9300 9500 and above.
PSU Bank Index : Selling pressure continue in PSU bank once it was break down 3200 mark and over all selling seen in PSU Banking stocks likely SBI, Bank of Baroda PNB, Canara Bank and Indian Bank. Strategy : any rise to sell side. There is not sign of trend reversal .
Long Side : IBREAL, Infratel, GAIl, Titan, TVS Motor Bajaj Auto, Dhfl and Mahindra Finance. Maruti, Hero Motor, Bajaj Auto and Eicher Motor.
Short Side : Can Bank, Bank of Baroda, SBI and many more
OI SPURT : : Ibreal – long side 1981, Gail long side 2011, Can Bank short side 1011, Ashok Leyland 1936, DLF short covering 1479, DHFL long side 2715, Reliance 6622 short side,. Tata motor long side 3708, Axis Bank long exit 2078 and many more.
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