Daily Market trend dated 12th July 2018


Daily Market trend dated 12th   July   2018

   Sharp decline to go long  –

Due to   weakness in global market and further escalation of   China and USA resulted selling pressure in market  however,  our market is still holding support level.  So any sharp decline to buy side.

Nifty Spot :

Some selling pressure seen at higher level with consider support nearly 10900  and up side trading above 10976, further up move towards 11000  and 11100 in short term.

Last week Trend High Low Close
Nifty Spot 10816 10604 10772

 

Bank Nifty Future :

Today expiry day of weekly so lower level strong bounce back cannot be ruled out with consider support 26700-26600 range, resistance 26900-27000

 

Last week Trend High Low Close
Bank Nifty Future 26596 26065 26500

 

FO Ques :

 Highest Put at  10600-10700

Highest call seen at 11000-10800

Pur writing seen-  10800-10900

Call Writing seen at –  —  11000-10900

Long Side:    Adani Entt. Tata Elexi, TCS, Infosys, HCL Tech, HUL, HDFC Bank

Short side :      Titan and Hindustan Zinc

Short Covering  :  LIC Housing, KTK Bank, and IDBI

Long Unwinding   :     Ujjaivan

Pharma Index :

Lower level excellent support 9000-9100 range and decline to buy front line stocks for target 9400 9450, once closed above big move likely.

PSU  Bank Index :

Over all trading range wit consider support 2700 and resistance around 2850  crossover some movement likely

Happy Trading Hrs.

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

With Regards

3M TEAM Research

+919630466296  / 9301302732 

 

 

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