Market out look 11th Sept. 2017

Market out look  11^th Sept. 2017

 Time for Consolidation

And Trading Range Continue

Break out r break down range will move

One side   - till then wait and watch

Market out Look   :       Market are continue in trading range with positive bias, however, higher level resistance and selling pressure continue and waiting for final que so it will break out this range, sooner or later market will break this range, thereafter it will move one side.   Till then avoid any trade in Index and better to concentrate in individual stocks. 

Nifty  :   Consider support 9870-9880, resistance 9980-10050-10100 watch out.

Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support  9900 watch out.

Bank Nifty Future :       Consider resistance 24400-24500 range and support 24100-24000. Lower level Highest Put hold 24000 so any sharp decline to support.  Major support 23800  below major fall towards 23000 mark.

Metal Index    :      Trend is positive and holding above 3600   looks positive bias but current structure indicate entered in overbought zone of front line stocks and ready for correction and reenter only.  Our best picks  Tata Steel, JSW Steel, Hindlaco and VEDL.

 Pharam Index     :     Resistance at 9000-9050 range and support 9700.    Problem continue in this sector by USA and etc.

OPEN INTEREST ANALYSIS :

Long side  :     Amarraja batter, Kazaria, OIL and Ashok Leyland

Short Side  :     M&M,  Dish TV, UPL, LIC Housing and many more.

 OI Spurt :

Amar Raja Batteries 918, M&M  1914 short side, LIC, short side 1313, AshokLeyland 3125 long side, sbi 2661 SHORT SIDE, hdfc Bank 3110 long side,  VEDL  profit book 624, Hindalco – long exit  4.98 lacs.

More details call

9630466296

Market out look 8th Sept. 2017

Market out look  8^th Sept. 2017

Nifty Major Resistance 10000-10020

Trend reversal above level.

Unable to cross Selling opportunity.

Market out Look   :      Market open with good note and whole the day able to hold 9900 level and closed  which indicate short term  positive bias till hold support level.  Metal stocks strong bounce back seen and likely continue.    However, last 20 sessions market unable to break, so higher level be cautious time being.

Nifty  :   Consider support 9870-9880, resistance 9980-10000 mark,  

Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support  9900 watch out.

Bank Nifty Future :       Consider resistance 24400-24500 range and support 24100-24000.

Metal Index    :      Trend is positive and holding above 3600  looks very bullish and remain buy side of front line stocks like, Tata Steel, VEDL, Hindalco, JSW Steel

 Pharam Index     :     Resistance at 9000-9050 range and support nearly 9800  watch out.

OPEN INTEREST ANALYSIS :

Long side  :     V guard, Nalco, Arvind Mills and Tata Elexi

Short Side  :   Equitus, ITC, SRE Infra and Jet Airways.

 OI Spurt :

National Aluminium   long side 19 lacs shares, Equitus – short side 19.61 ITC 42 short side, LIC Housing 6.64 short side, Coal India long side 1.30  HIndalco 10.85 long side, PNB 16 short side, ICICI Bank 35 lacs short side and many more.

More details call

9630466296-9203901698

Market out look 7th Sept. 2017

Market out look  7^th Sept. 2017

Nifty Major Resistance 10000-10020

Trend reversal above level.

Market out Look   :      Due to geographical tensions market open with down side gap, however able to hold 9900 mark and closed above that level.    Trend is still negative bias till the picture clear and any rise to selling opportunity.  However, market are trading range continue.

Nifty  :   Consider support 9870-9880, resistance 9950-9980 … reversal to sell side.

Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support  9900 watch out.

Bank Nifty Future :       Consider resistance 24400-24500 range and support 24100-24000.

Metal Index    :      Trend is positive, with consider support  3540-3500 range and resistance 3600, crossover decent move.

 Pharam Index     :     Resistance at 9000-9050 range and support nearly 9850 9800 watch out.

OPEN INTEREST ANALYSIS :

Long side  :     Reliance, Equitus, `Repco Home Finance, Muth. Finance, ustdial, Kotak Bank and Ujjaivan

Short Side  :   PNB, LIC, Cadila, Union Bank, Axis Bank, ITC and Can Bank

 OI Spurt :

Equitius 745,  PNB short side 1958,  Reliance long side 5955, ITC short side 2358, DHFL long  side 1290,  Yes Bank long side 1540, Kotak Bank – long side 506,  Tata Motor 1425, ICICI Bank  1247, LIC short side 846

More details call

9630466296-9203901698

Market out look 6th Sept. 2017

Geopolitical Concern Continue

Nifty Major Resistance 10000-10020

Market out Look   :     Market was open with good note and whole the day remain positive and almost able to closed above 99900 mark.  Strong buying seen in  Housing Sector,  Jewellery and etc.  Marketing still in trading range and break out this range will move faster.

Nifty  :   Consider support 9900-9910  resistance nearly 9980-10020, reversal to sell side.

Nifty future  : Sell on rally, consider resistance 9980-10000 mark and support 9930  below more selling towards 9900-9850.

Bank Nifty Future :       Consider trading range 24000  and resistance 24400-24500 range, break out this range will move faster.  

Metal Index    :      Trend is positive, with consider support  3540-3500 range and resistance 3600, crossover decent move.

 Pharam Index     :    Buy on decline strategy likely with consider support  8900 8800 . Consider front line stocks  like, Sun Pharma, Dr . Readdy lab, Lupin and many more .

OPEN INTEREST ANALYSIS :

Long side  :    Ramco Cement, V Guard, Hexaware, L&T Housing, Titan , DHFL .

Short Side  :  Bajaj Finance, Wiupro, Tata DVR,  LT

Short  Covering : CAPF, Coal India, STAR and Petronet.

 OI Spurt :

V Guard   long side 450, Reliance Capital – Long side 5862, Titan long side 759,  DLF Long side 2894,  DHFL 2894 long side, Reliiance 2223 long side, India Cement 590  long side, IBUL 214 long side and many more.

More details call

9630466296-9203901698