Market Outlook


Up Move Continue

Stop loss Long Nifty 10550    

  

Market Outlook Market are continue in up side once it was  break out in trading range 10400 to 10550 and almost made a high 10631.  Over all trend is very bullish and result season have been started so mainly concentrate  momentum stocks
Crypto Currency Buy Ripple, Etherum, Dash .  Avoid Bitcoin.

Ripple making another Bitcoin and looks 1000 to 5000 percent return  for long term.  Already in second place in market capitalization and it will also replce and make a first in Crypto market.

Nifty Spot Support nearly 10600-10590  and major support 10550, crossover 10631  up side target 10650 10680 10700.
Nifty Future Trend is very positive with consider support 10600    10590,   holding above 10650   up side target 10700. +
Result – Event stock strategy For details call   9630466296.

Unichem Lab – Buy call at 350 sold at 375

South India Bank  – buy call at 32 target 34   35  

Bank Nifty Future Ready to move and buy side, consider support 25500, crossover 25771 and stay above up side towards 25900 25950 26000.   
PSU  BANK

INDEX

Higher level selling pressure continue and also no momentum in PSU banking stocks.  Consider support 3600  and resistance 3750 3800.
Pharma Index Very bullish and holding above 10000   mark major up side towards 10200 10500 and above.  Buy side, Wockhard Lab, Divis lab, Aurbindo Pharma, Sun Pharma
Metal Index Above 4100   holding long side.
  OPEN INTEREST ANALYSIS
  Long side    Zee Tele, Wockhard Pharma, IDFC Bank, Coal India, LT and Hexaware

Short side  :       IGL, Bharti Air Tele, Idea, Voltas, Bank of India.

    
  Important point
LT Long call book profit
Indus Bank Holding long with stop loss.
Yes Bank Long call book profit at 340   +
Maruti Ltd Higher level sell side  – but lower level to long, correction over.
DHFL Ready for another break out.
Century Text. Holding long
Sun Pharma Long call from 560  sold at 600  +
RBL Bank Ready to big move.
M&M Buy and forget  – ultimate target 1000  +
Reliance Capital Buy and buy side
Rel. Infra Buy for target 618
Aurbindo Pha. Down side is over and buy side.
KTK Bank Buy with stop loss………..
Equitus Hold long side.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s