Market Outlook

Up Move Continue

Stop loss Long Nifty 10550

Bank Nifty   – Weakness  continue   



Market Outlook Market open with a good note but some profit booking on the  day but lower level again buying resulted market closed with a yesterday closing price  and made a Doji pattern.   Over all trend is bullish and today bank nifty expiry so some volatility in market.
Crypto Currency Buy Bitcoin in small lots in decline.  Ethoerum a new high.
Nifty Spot Support nearly   10570-10575 and resistance 10660  crossover sharp move towards 10700 10750.
Nifty Future Buy on decline with consider support 10600-10580, resistance nearly 10650 10660, crossover sharp move.
Bank Nifty Future Decent support 25500  break down selling pressure, resistance at 25700-25750 watch out.  


Weakness continue and almost closed with a days los. With consider support 3600  break down more down side, resistance 3700 watch out.
Pharma Index Higher level some pause whereas as a stiff resistance. Bt trend is bllish.
Metal Index Above 4100   holding long side.
  Long side    NIIT TECH,  Concor, Tata Elexi, TCS, Tech M&M, Hexaware, BHEL, Indus Bank, KPIT.

Short side  :       Page Ind. Bank of India, Eicher Motor, Union Bank, voltas and Bajaj Auto.

  Important point
Reliance Ind Break out and ready for big move…
Indus Bank Very hot and result day.
Yes Bank Another fresh break out heading towards 350 370  stop loss…….
Maruti Ltd Lower level to buy side.
DHFL Holding……………….no problem
IBREAL Looking great…………
HUDCO Buy  for long term… target   .  anything possible.
GMR Infra Something cooking in this counter.
ICIL Buy for short term.
Kamat Hotel Decent brand –  buy and hold.
Grasim Higher level some profit booking.
SBI Selling pressure and fresh short seen.
Bank of India Sell side.
Havells Hot sell.

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