Market out look  18th Oct 2017

 

 

Nifty Above 10200 target 10500 10700

Bank Nifty – Above 25200 target 26500 +

 

Due to long weakend –

Time for consolidation

Trade Low volume

 

Diwali Gift  Call Closed

Bharti Tele 400 to 470

DHFL  – 530 to 600

 

Market out Look   :           Market are continue to making new high and over all trend is bullish but time to pause and consolidation time as long weekend due to Diwali Festival.   Best way to no fresh trade on today trading and profit  booking is a best strategy and money at home and enjoy.   Wish you happy and prosperous Diwali.

Technical Out Look

Nifty  :      Consider support   10200-10180, resistance 10250 10280 10300

Nifty future  :      Buy on decline around 10200-10205 with stop loss 10150 target 10250-10280

Bank Nifty Future :         Bank nifty continue in bullish trend , however almost 900 points rally seen in last few trading sessions.  We may consider support  2480-24500  range and resistance 24850 24900.   Time to book profit and left for trading for Monday with a new zeal,

Metal Index    :       Up move continue with consider support 3800 and resistance 3875-3900 range.   Buy on decline strategy of front line metal stocks like, Tata Steel, Hindialco, VEDL, Hindustan Zinc.

 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.  Very Hot.

PSU Bank Index     :           Trend is down but now over sold  and some recovery in front line PSU bank likely.  Consider support 3000-2950 and resistance 3080-3100  in near term.  Some short covering likely.

Long Side  :      ACC, Bajaj Auto, DLF and Hindustan Zinc.

Short Side :       Zee, Star, Axis Bank and Mothersonsumi.

 

 

More details call

3M Team Research

www.3mteam.in

9630466296

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Market out look 17th Oct 2017

Nifty Above 10200 target 10500 10700

Bank Nifty – Above 25200 target 26500 +

 

Due to long weakend –

Time for consolidation

Trade Low volume Trade

 

Market out Look   :          Market are continue in bullish trend and almost all sector are participating specially Metal are showing major strength and up move continue.  However due to vacatgion and Diwali festical we expect that time for consolidation and there is no big up side in next two trading sessions, however, some profit booking can not be ruled out.  Now time to some profit at home on the eve of Diwali Festival and major trigger and result after weakness over.

Technical Out Look

Nifty  :      Consider support   10150-110170  and resistance nearly 10250-10270  crossover more up side but sudden profit booking in the market likely.

Nifty future  :      Buy on decline around 10200-10205 with stop loss 10150 target 10250 10280 10300.  Trade and sustained above 10200 strong positive bias in market.

Bank Nifty Future :        Smart recovery seen and a very short term 800 points rally which is mainly lead by HDFC Bank, Kotak Bank and Axis Bank.  Trend is positive and last and final resistance 25200 thereafter major up side and broad based rally in all banking stocks including PSU bank which is laggered at current level.    Now time to pause with consider support 24500  and below time to sell side.

Metal Index    :      Metal stocks and Index continue out perform which is lead by Tata Steel, Vedl and Hindalco.   Over all up move continue as commodity price in world wide trading their new high.  Consider support 3800-3790 and resistance 3850-3860 watch out.

 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.  Very Hot.

PSU Bank Index     :           Trend is down but now over sold  and some recovery in front line PSU bank likely.  Consider support 3000-2950 and resistance 3080-3100  in near term.

Long Side  :       Federal Bank, M&M  , M&M Finance and many more

Short Side :      DCB Bank, Indus Bank Colpal and godrej Industries.

Stock of Month   :   Bharti Tele….Yesterday move 30 points.

 

More details call

3M Team Research

www.3mteam.in

9630466296

Market out look  16th Oct 2017

Nifty Above 10200 target 10500 10700

Bank Nifty – Above 25200 target 26500 +

 

Market out Look   :        Last week market out perform and almost gained more than 187 points and made a new high 10191 which indicate trend have been change in near term till no bad news from geographical side.     Over all strong buying forces seen and major role played by Bank Nifty which is lead by HDFC Bank. On the other hand RSI is still well above 60 level and no sign of over  bought zone and no sign of reversal and  up side continue likely till Nifty holding 10000-10050 mark.   Trade and sustainable basis above 10200  minimum 300 to 500 points up move. Next week only 3 trading sessions due  Festival of Deepawali.

Technical Out Look

Nifty  :      Consider support   10150-10120 range and up side sustained above 10191  up side open towards 10240-10250.

Nifty future  :      Any decline to buy side with consider support nearly 10100-10120 range and up side above 10200   more up side.

Bank Nifty Future :        Smart recovery seen and a very short term 800 points rally which is mainly lead by HDFC Bank, Kotak Bank and Axis Bank.  Trend is positive and last and final resistance 25200 thereafter major up side and broad based rally in all banking stocks including PSU bank which is laggered at current level.

Metal Index    :      Metal stocks and Index continue out perform which is lead by Tata Steel, Vedl and Hindalco.   Over all up move continue as commodity price in world wide trading their new high so there is not chances of weaknss and any dip to buy side.  We may consider support  3700 and 3650, resistance 3800 watch out.

 Pharam Index     :        Consider support 9300-9350 range and up side open towards 9800-10000 mark.  Dr Readdy Lab Sun Pharma, Aurbindo Pharma, Cipla, and Divis Lab very hot and any dip to go long side.

PSU Bank Index     :          Trend is down but at current level showing over sold region.  On the other hand Bank Nifty are ready to made a new high so all PSU bank will also participated in coming days.  At current level or any dip to buy side.  Our best pricks  SBI, Bank of Baroda, Can Bank, and PNB.  Small PSU bank should be avoid.

Long Side  :      Bharti Tele,  MCX, IVR,  KTK, Federal Bank, Axis Bank, HDFC Bank, DCB Bank and many more.

Short Side :    Relcom : Infieam.

Stock of Month   :   Bharti Tele – After 8 years consolidation major break out, minimum target 600 +

 

More details call

3M Team Research

www.3mteam.in

9630466296

Market out look  13th Oct 2017

Market out look  13th Oct 2017

High Volatile Market

Over reacted market due to planned way

Whereas other world market silent.

Crossover yesterday high and hold

Prepare for new high.

Nifty Above 10200 target 10500 10700

Market out Look   :        After sharp decline and big jerk market almost recovered but over all indicate that our market are pre mature and  any bad news or planned news reacted sharply whereas to jerk in other  world market.  Now we request to SEBI please attention this matter.     Heavy buying and short covering resulted market closed above 10100 mark and looks that buying flow continue in market and we are heading towards new life time high.  Once weekly closed above 10200,  minimum 300 to 500 points rally on the card. (Trading range 9700 to 10200 for a long time)

Technical Out Look

Nifty  :      Consider support 10060-10050 and any dip to buy side, above 10100  on sustainable basis up side towards 10143-10178.  Major resistance 10200, thereafter big move likely.

Nifty future  :      Consider support 10074 and far support 10050  for any long position in Nifty Future.  Crossover 10120 up side towards 10180  and 10200 likely.  

Bank Nifty Future :          Smart bounce back and previous day losses almost covered and managed to hold 24400 mark.  Now consider support 24200-24250  and resistance exit 24120m crossover 24500-24611-24750 posibile.  

Metal Index    :         Sharp come back from the lower level and major gainer of Hindalco , JSW steel.   Now decent support 3650=3600 range and crossover 3750 and sustained above big move can not be ruled out.

 Pharam Index     :         Trend is positive  bias likely continue as long as remain hold 9300, up side resistance 9500-9600 .

PSU Bank Index     :          Trend is down but over sold market and number of stocks trading near to recent low which indicate short term up side likely.  We may consider support 2950 and resistance 3050 watch out.    Can Bank, SBI, Bank of Baroda, Union Bank, PNB  good opportunity on both side.   On weakness to buy and sell on resistance level.

Long Side  :      NBCC, Hindalco, TCS, Indus Bank, Reliance and Tata Motor

Short Side :    PFC, Grasim, Bank of India and OBC,

More details call

3M Team Research

www.3mteam.in

9630466296-9203901698

Market out look 12th Oct 2017

Nifty – support 9811

Bank Nifty – 23800

 

Market out Look   :        As yesterday mentioned 9990-10000 decent support and holding above positive bias continue, but yesterday finally break down with volume due to geographical tension  only in our market whereas no effect in other world market which indicate our reaction is so sharp against other market.  As yesterday mentioned all long stop loss triggered and we have been exit with decent gained.  Now time to avoid any long side and intra day any rally to locate short position.

Technical Out Look

Nifty  :      Now time to sell side. With consider resistance 10030-10050, down side support 9950 break these level will move towards 9882. If unable to hold more pain towards  9800 + likely.

Nifty future  :       As mentioned yesterday level and made a high 10086 (our resistance 10086) and finall break down 10000 mark and closed below.  Now time to sell on risestrategy with consider resistance 10020-10030 with stop loss 10090.  Break 9960 more down side towards 9900 likely.   Close watch retracement level 10060-10086-10129-10155.

Bank Nifty Future :         As we find that 24400-24500 decent resistance and yesterday it was made a high nearly and finally big sell off resulted it was closed below 24100 and closed days low.   Consider resistance 24000-24223 and once break and stay below 24000, panic towards 23800 which is last leg of support, thereafter more down side.  PSU bank  looks very bearish.

Metal Index    :         Yesterday we were clearly mentioned that 3750 is good resistance and negative divergence  saw in  Metal Index and finally it was bearish set up and after made a high 3750 closed nearly 3665 mark before made a low 3637.   Now time to sell Hindalco, VEDL, Tata Steel.

 Pharam Index     :         Trend is positive  bias likely continue as long as remain hold 9300, up side resistance 9500-9600 continue.   Sun Pharma, Bioncon looks good and buy side.

PSU Bank Index     :          Heavy sell off seen in all PSU bank once it was break down 3200,   now it will likely test 2900 + in short term.

Long Side  :      South Bank, Petronet KTK BANK, TCS

Short Side :    VEDL,  RBL Bank, Can Bank, Voltas, Union Bank.

 

More details call

3M Team Research

www.3mteam.in

9630466296-9203901698

Market out look  11th Oct 2017

Market out look  11th Oct 2017

   NiftyHold 9990-10000

Positive Bias

Indecisiveness in Market

Market out Look   :       Market open with up side gap and managed to hold 10000 mark and also closed above which indicate more up side in coming days.  Over all trend is bullish in short term and market require a big trigger so they will test new high which is major resistance in near term.   Result season already started and  South India Bank beat the market expectation. However, in this week  Indus Bank, TCS, KTK Bank, Reliance, D mart are coming out numbers.

Technical Out Look

Nifty  :     Consider support 9950 and holding of 10000 mark up  side continue towards 10050-10050-10100 in short term.     Decisively break and trade below 10000, avoid fresh long and time to short side.

Nifty future  :     Consider support  9990 and below some weakness likely, higher level resistance 10052 and major resistance 10062 watch out.  Crossover it will show more power.   Close watch retracement level 10060-10086-10129-10155.

Bank Nifty Future :         Trend is continue positive bias till holding above 24100, up side trading and sustained above 24400   more up side towards 24450 24500.  

Metal Index    :         Metal Index continue good but yesterday trade someprofit were saw and almost face resistance previous days high 3750.  Time being hurdle and holding above some up  side.    Hindalco looks good but Tata Steel and VEDL selling opportunity.

 Pharam Index     :         Trend is positive and any weakness to long side with consider support 9300-9350.

PSU Bank Index     :         Trend is down, however all PSU banks are over sold region and ready to take off due to short covering.  SBI likely lead the role and major short covering ahead.  

Long Side  :      Hexaware, Havells, TVS Motor, Hindalco and IGL>

Short Side :    VEDL, South Bank PTC and Idea

 OI SPURT  :  VEDL – short side 1528, Hindalco  long side 1080, ICICI Bank 3008 short side, Axis Bank 1032 long side, Reliance 905 long side, DHFL 149 short covering, Reliance Capital short side 1606, Hdefc Bank long side 1900  and many more.

Wealth Creator Call   : Dated : 9th Oct. 2017

Bata India Ltd  ;  Buy call at 735 and more added 750… closed at 782  . 

More details call

Rakesh Sethi

3M Team Research

www.3mteam.in

9630466296-9203901698

Market out look  10TH Oct 2017

Market out look  10TH  Oct  2017

                   

   Nifty Resistance 10000 to 10015

Crossover likely new high

Market out Look   :       Market open with good note but due to some profit booking almost closed near to previous closing which is indicate inductiveness and likely some more time stay around these level and thereafter it will move up side.  Over all trend is bullish till not Nifty closed and break below 9680-9700 mark.    Over all buy on dip strategy follow.  

Technical Out Look

Nifty  :     Consider support 9950-9940 below it will comedown towards 9900 mark, over all resistance at upper side 10015 and 10060. 

Nifty future  :     Consider support 9950-9960 and resistance 10050, crossover move up side.

Bank Nifty Future :         Looks good till not break and closed below 24000 mark, upper side resistance 24500 watch out.

Metal Index    :          Near to all time high and likely some pause but trend is bullish with consider support  3650-3600 range.

 Pharam Index     :         Over all trend is bullish and almost closed above 9500 mark now up side next resistance 9800, thereafter heading towards 10000 mark and above.

PSU Bank Index     :         Trend is down, however, at present it is over sold region and some up move can not be ruled out.  Time being fresh short avoid.  Any short should be some rally.

Long Side  :      SRF Ltd, M&M Finance, Indus Bank, TVS Motor and Tata Elexi.

Short Side :   Amarraja Batteries, PFC, Power Grid.

 OI SPURT :  :    .  PC Jewellers 1044, Tata Steel 1695, LT 1336, Reliance 1867, Tata Motor 1198, Axis Bank 1025, Sun Pharma 899, ICICI Bank 2731 and many  more.

More details call

Rakesh Sethi

3M Team Research

www.3mteam.in

9630466296-9203901698