Market Outlook


   High Volatile due to FO Expiry

Nifty range  10400 to 10550

Buy on dips strategy   –

Today avoid  Trading in – Nifty and  Bank Nifty

 

Market Outlook Market open with strong note and made a new high but bit of profit booking closed with negative bias of 40 points.  At the FO expiry and year end party such tpes of  selling are impingement.  Time to low volume and money on home and bank account is a best strategy.  Avoid trading in Index and trde in stocks specify specially Pharma sector which is laagered in 2017 and likely out perform in 2018.
Bitcoin From High 19843 to 13975.  Now time to corrective rally. However, long term trend is very bullish and any sharp panic to buy side.

78.6%  15230, 61.8% 16213, 50% 16909, 38.2% 17601, 23.6%18458    

Nifty Spot Consider support 10450-1400 range and resistance 10500-10530 watch out.
Nifty Future Consider resistance 10520-10530  and support 10450.  Weakness to buy side.,

Highest put 10000 and 10400

Highest Call   10500 and 1000

Put Writing   10500,  Call wrting 10550-10700.

Bank Nifty Future Major support nearly   25400-25500 break down these level to more weakness towards 25200, resistance 25600 watch out.
PSU  BANK

INDEX

Near support 3700-3710, resistance 3850   and 3860 watch out.
Pharma Index We are bullish this sector from the level of 9000  and already gained more than 600 points from the low and continue advising to play long side of front line stocks like, Sun Pharma, Divis Lab, Dr Readdy Lab, Wockhard, Aurbindo Pharma and many more.  2018   likely a big move in Pharma Sector.  Now support nearly   9500 and it will test again previous high 10050.
Metal Index Trend is very positive and sustained above 3900    very hot and big move.
  OPEN INTEREST ANALYSIS
  Long side   Concur, Cumins, MRF, GAIL, Reliance Capital, SAIL, Yes Bank, Ceat, Just dia, Bajaj Auto.

Short side  :    Pidlite, IOC< SBI, M&M and Asian Paints

     .
   Some of our calls   
Sun Pharma Long call from the level of 530  and our first 570 have been achieved. However, more up side.
Aurbindo Already Long ….
Divis Lab Our delivery call from the level of 500   +  already double… more stem left.
Jet Airways Our Portfolio call at 400  +  first target 1000  thereafter more up side.
Grasim Holding long side
CESC Long call from 1005  mark.
Quick Heals Something cooking.
HCL Infosys Looking hot …….
HDFC Bank Below………some weakness.
Reliance Panic to buy side
ICICI Bank Time to Sell side
Daawat Very hot   – our delivery call from  72  +
Relcom Buy call    21   sold at 29  …….Highest volume in all segment   176 crore shares.
Rel Capital Buy call 500 to 530
Equitus Looks good and fresh break out.
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