Market out look dated 17nd May 2018


Market out look dated 17th May

Election fever and formation of govt resulted big sell off seen in the market and finally closed with a red note. Overall looks that market have been formed top and heavy selling and unwinding long seen in FO segment…..

Nifty support 10700 and 10650 and resistance at higher level continue towards 10800 range.

Bank Nifty
bearish view and as long as below 26500 down ward bias continue..

FO QUES

PNB – short added 90 lacs

BOB…………..SHORT added 48 lacs shares

HDFC LTD AND HDFC BANK
fresh short added and long unwinding seen.

RELIANCE IND

LONG UNWINDING SEEN

MORE DETAILS CALL
9630466296 / 9301302732

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