Metal stocks very hot and big spurt likely due to short covering...

Tata Steel.............Buy with stop loss........target

VEDL...............Buy with stop loss................target

Hindalco.............Buy with stop loss...............target

JSW Steel.................Buy with stop loss................target

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Market out look for 26th April 2017

Market once again closed with all time high and over all trend is very very bullish and any dip to buy side.   Better to concentrate stock specify rather than index.     IT  and Pharma sector to avoid. However, Banking, Housing Finance, Metal looks good and more up side.

Nifty :  Up move continue  and finally closed above 9274 level  i.e. 9306.   Strong bullish and heading towards 9500-9600 in coming days

Bank Nifty  : Above 21800 fresh break out which will go towards 22113  22200 22340 22500 in coming days.

Short Sell is a danger for financial health.

Metal Stocks like, Tata Steel, VEDL, Hindalco, JSW Steel,   - Big spurt on the card due to short covering.

 Have a Happy trading.

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Market out look for 25th April 2017

Market looks strong up move and over all buying in the market and any decline to buy side.    However, Banking, Housing Finance and Reality sector looks very attractive and buying continue on any dip.

Nifty……………Above 9225  over all buying towards 9275  thereafter big move can not be ruled out.  Trend is bullish as long as hold 9100.

Bank Nifty……………..Consider support 21500-21400  holding above 21800   non stop target 22000 and 22400 22500 in coming days.

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How our option call minting money just see....

buying straddle call in Nifty
Buy 9200 call at 90
Buy 9000 Put at 60
total Cost of purchasing 150
Today closed 180
Total Gained Rs. 30
If Trade 10 lots
profit Rs. 22000 and above.
GMR Call
20 strike price buy at 5 paisa
sold at 25 paisa
lot side 45000
Profit Rs. 9000
GMR call
Buy 17.50 at 20 paisa
closed 1.25
holding
unbooked profit
45000
we hope this without your beyond imagination
Invest only 10000
earned 45000
in two trading sessions.

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9630466296-9203901698
www.3mteam.in