market update

Market out look dated 26th Feb 2018

Over all trend is down but some recovery on the card or pull back rally due to positive global ques.  So take advantages of  rally to book profit exit long and fresh shorting opportunity in market.   On Friday some short covering seen in front line stocks as well closed short position in PVT Sector B anks whereas  short rollover seen in PSU Banks.    Pull back rally likely to be extended towards 10600 10650 or maximum  10735   10750 thereafter again down side likely  start in market.  Take advantage rally and play short at higher level is a best strategy in market.

Nifty  :  Time being support at 10300 and 10276  observed and break below only weakness towards 10000  mark, upper side sustained above 10500, open towards 10550 10600 10620 10650   likely whereas a good opportunity to short side or buy Put option of at the money strike price.

Bank Nifty   :  Decent recovery seen at lower level 24800 and almost closed above 25300, over all looks that recovery towards 25500 whereas a major trend decider of this month and sustained above, more short covering towards 25800 can not be ruled out.  Higher level to exit opportunbity.

Option Front :

Highest put onstrike price at 10000, 10400 and Highest call at 10700  which indicate maximum upside in current rally, followed by   10500  and 11000.

OI Indicator

Long Side  : Mind Tree, Hindalco, BEL, IDBI Bank, VEDL, IGL, Tech Mahindra

Short Side :  PNB and Asian Paints

Highest call of FO stocks

Sun Pharma                                        600

Maruti                                                  9000

Tata Steel                                            700

Reliance                                              940

Tata Motors                                       400

PNB                                                       130

SBI                                                          330

ITC                                                          270

Aurbindo Pharma                            600


Highest Put of FO Stocks

 PNB                                                      100

Maruti                                                  8500

Reliance                                              900

SBI                                                          260

Sun Pharma                                        500

PJ Jewellers                                       340

ITC                                                          260


More details call



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