market update

Market out look dated 16th feb

Market are volatile and  good trading opportunity
if market dip to buy side and sell on rally is a best strategy.   Index playing seen in market and higher level distribution.
Nifty  : Resistance continue upper band 10600-10650 as long as remain below
down side 10500 and 10480, break down these level more panic towards 10400 easily.
Resistance crossover  10650 some short covering towards 10700 10725
which is 50 % entrancement level of  last rally.
Bank Nifty….
Resistance continue around 25600-25700 and support nearly 
25200   break below open gate 25000-24800-24500  possible.
Highest Call    11000 and 11100
Highest Put   10500     10000
Call Writing 10650   10750 11000
Put Writing    10400 10500 10600
PNB   – Short added 63 lacs
Voltas s   – short added 
Tisco   – short  34 lacs
Yes Bank  –    48 lacs short
Sun Pharma    short 15 lacs
Reliance     12 lacs short
VELD   – short colvering 1.90 lacs
SBI   short side 50 lacs
Can Bank   short covering 6.88
Dr Readdy  – fresh short added
and many more 

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