MARKET UPDATE


Market out look dated 1st Feb   2018

 
After sharp correction in market smart recovery seen  at lower level which is led by Bank Nifty and broad based buying seen in over all due to short covering.  However, HDFC Ltd and HDFC Bank already  able to maintained Index.    As today a Budget day so time to wait and watch and fresh trade only after budget proposal by theGovt.   Budget will lead direction in market.  
 
Nifty  :  Support at lower  10900 10800  and resistance 11200, crossover 11500
Bank Nifty   : Decent support 27200-27000, crossover 27600  up side target 28000-28200-28500
 
Highest Call    11500, 12000 and 11400 strike price
Highest Put : 10500, 11000 and 10700
 
Bank Nifty   :  1st Feb  expiry 
Highest Call      28000  and 28500
Highest  Put   :     27000   and 26500
 
Have a good day 
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