3M TEAM RESEARCH

Tuesday, July 3, 2018

Market out look dated 3rd JULY 2018

Market out look dated 3^rd JULY 2018

Market Trend :

Nifty Trading Range 10600 to 10750 Break our r break down on card

After sharp move and V shape recovery on Friday, Monday market open with a good note but higher level selling resulted made a nearly 10600 but finally some buying resulted closed at 10650. Over all trading range and time to trade in stock specify. Anysharp dip to buy side and higher level selling opportunity.

Nifty Spot :

Today consider resistance 10680-10700 and sustained above it show strength towards 10750, downside support 10640, below lower level target 10600 thereafter free fall towards 10550 and below.

Bank Nifty Future :

Bank Nifty continue supply zone at higher level 26250 to 26500 level and any rise to sell side, on the lower side support visible at 26000-25900 once break down andclosed free fall towards 25500-25200 mark. HDFC Bank looking bearish but bullish ICICI Bank

FO QUES :

Highest Put at 11000-10800

Highest call seen at 11000-10800

Pur writing seen at 10500-10600

Call Writing seen at – 11000-10900

Long Side: ICICI Bank (longadded 1.24 crore shares) – Hind Zinc, VEDL Ujjaivan

Short side : Adani Entt. Reliance Capital, Tata Steel, M&M, Hero Motor

Short Covering : BOI – Ashok Leyland

Long Unwinding : LT – Indus bank, Coal India.

PSU BANK INDEX

PSU Bank are continue laggards, with consider resistance 2830-2850 range whereas support nearly 2750-2760 range.

PHARMA INDEX

Higher level some selling opportunity seen, now time to sharp panic to long side.

More details and entry level call

9630466296 /9301302732

Commodity market up dated for 3rd july 2018

Commodity market up dated for 3rd july 2018

Gold :

Over all trading range nearly 30500 to 3000 mark and looks lower level support seen and likely to test 31000 in coming days. So any sharp dip to buy side.

Silver :

Sept series . Looking consolidation with support seen at 39000-39200 and around at that level to buy side with stop loss 300 points for target 39600-39800-40000 mark. Once trade and sustained above 40000 with added open interest it will show real strength towards 41000-41500-4200 mark. Risk reward ratio is favour of buyers.

CRUDE OIL :

We are very bullish this commodity and trading nearly 4 years high which indicate more up side in coming days. Downside 4700-4750 is a descent support and any dip to buy side for target 5500 mark and above in the month of July it self. Buy side.

COPPER :

Major reversal seen from the level of 490 and almost made a low 447. We may consider decent support 440-442 range holding these level, short term up side can not be ruled out.

NICKEL :

Trading range 990 to 1050 and once break out these range will move faster. Selling opportunity only below 990 with break volume and added open interest for target 950 and below.

NATURAL GAS :

Resistance and supply zone nearly 200-203 range and as long as remain bear favour and any rise to selling opportunity.

ALUMINIUM :

Below 152 bearish trend have been set up and sell side. Support nearly 145 range to watch out.

ZINC :

Bearish set up have been established below 210 and sell side. Now consider resistance 199-200 to supply zone and rise to sell side with stop loss 205 for target 190-181 in short term. Sell side.

LEAD :

After taking a support 160 smart bounce back seen and managed to holding above successfully for the last three week. So any dip to buy side with stop loss 160 below on closing basis.

Monday, July 2, 2018

Commodity Market up dated 2nd July 2018

Gold :

Consider support 30200-30000 range and up side resistance 30500 and sustained above

first sign seen will be up side and buy .

Silver :

Last week almost made a low 38970 and consider stop loss

for buy side.

Crude Oil

Heavy buying seen and almost gained more than 500 points on weekly basis

so any dip to buy side

Nickel :

Close watch 990 ... remain above good

below major sell off.

Natural Gas

Holding 197 remain positive bias

Aluminium

Above 153 only strength

zinc

Trading range continue.

LEAD

buy on decline.

Market out look dated 2nd JULY 2018

Market out look dated 2^nd JULY 2018

Market Trend :

V shap recovery at lower level – Last week low are major support level.

As mentioned market was over sold and strong recovery seen fro mthe low of 10600 and successfully closed above 10700 level which indicate major short covering in system . On the other hand on weely chart hammner pattern also formed and consider stop loss of Friday low and any dip to buying opportunity in market. However, Crude prices are continue up side which is a major concern of our market alongwith rupee is also depreciate by almost 9 percent in last six months and RBI will intervene. Over all selective investment reqired in front line and quality stocks.

Nifty Spot :

After sharp recovery from Friday, today market likely consolidation with positive bias with consider support nearly 10680 to 10640 which is decent opportunity to long side, up side resistance 10750 and above more up side again towards 10800 mark. Any dip to buy side. Friday Low consider support of long position 10612.

Bank Nifty Future :

Bank Nifty are continue holding support level which is placed at 26200 mark and finally on Friday it was closed at 26332 mark. Now considerresistance 26500 and above it will show strength towards 26750 whereas support nearly 26000-25900 watch out.

FO QUES :

Highest Put at 10600-10600-10700

Highest call seen at 11000 10800

Pur writing seen at 10600-10700.

Long Side: Bata India, Apollo Hospital, Can Bank, TataElexi and many more.

Short side : Tech Mahindra, Reliance Infra, Biocon.

Short Covering : Gail, Titan, Hindalco, Tata Steel and Reliance

Long Unwinding : -----

PSU BANK INDEX

Selling pressure continue, but already in over sold region so at the current level there is no selling opportunity as RSI is very lower level. Consider major support 2690-2700 range and dip to buy side in front line stocks like, SBI, Indian Bank, Can Bank and Bank of Baroda. Avoid small PSU bank.