News Letter

Golden Rules for Traders :

  1. Never added to a losing trade.
  2. Never lose more than 1 % to 2% of your trading capital on any one trade.
  3. Never trade anything you do not understand 100%.
  4. Trade in the direction of the trend in your trading time frame.
  5. Only look for low risk/high reward trades or high probability set up . When you do not have any signals, do not trade.
  6. Trade your plan, your system, your signals, the chart and price, action and not your opinions, bias or predictions.
  7. Find a trading methodology that fits your personality.
  8. Do not trade before you have a complete trading plan, including rules on entries, exits and risk management.
  9. The size of your wins and losses determines your trading success.
  10. Your risk management rules will determine the success of your technical trading system.

Market Trend   :

  Nifty Support 11300-11350 

Bank Nifty Support 26500  + 

Nifty Far Support 11000  and Resistance 11800

Avoid – Follow recommendation of TV Channels-  Only Vested Interest   they are doing.

Market Out Look :

Market was finally break down due to depreciate of rupee as well as crude oil price and govt. unable to good announcement to Rupee resulted broad based selling in market and closed with massive loss.    Over we are still above the last week low and likely test in short term.  Best strategy is that sell on rise and avoid any buy side. .

 

 

Nifty Spot  : 

Market was free fall on Monday and finally it was made a low 11367  and closed near to days low.  Now consider resistance 11450-11460 and as long as remain below down side target 11350-11300 likely in short term.   Avoid any long side.

 

Last week High Low Close 52 High 52-Low
Trend 11573 11250 11515 11760 9685

 

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
11440 11500 13005 11000 10730

Nifty Future  :

Overall selling seen in Nifty Future. Consider resistance 11450-11460 is a good resistance and remain below down side open towards 11300 and below.

Last week Trend High Low Clos
Nifty Future 1559 11466 11547

 

Bank Nifty Spot  :

On Monday bank nifty unable to cross major resistance level 27165-27200 and finally it was break down support level and made a low 26743 and closed near to 26800.  Trend is bearish and more lower level in coming days.  Resistance continue 27100-27200 range watch out.

Last week High Low Close 52-W High 52-W LOW
Trend 27405 26555 27164 28388 23604
5 DMA

 

10 DMA 50  DMA 100 DMA 200 DMA  
27095 27363 27466 26818 26096  

 

FO QUES   :

 

  NIFTY            BANK NIFTY
Highest Put 11400-11000  
Highest Calls 11800-11600  
Put Writing  
Call Writing 11500-11600  
     
Long Side Divis Lab, BPCL
Short Side Manapuram, Amaraja Battery KPIT
Short Covering Syndicate Bank
Long Exit Federal Bank.

 

 

CNX PSU BANKS     :

Overall trend is bearish and higher level any rise to good opportunity to hsort side, Consider resistance 3150-3200   till not cross remain down side.

Last week High Low Close 52W-Hig 52-W Low
Trend 3148 2991 3086 4335 2645

 

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
3075 3147 3076 2979 3175
Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.

 

 

 

 

CNX IT    :

Trading above continue bullish view 16000.     However, at current level some profit booking is a best way.  However, HCL Tech looks good and big break out seen after 6 years.

Last week High Low Close 52W-High 52-W Low
Trend 16230 15844 16073 16230 10454

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
16065 16003 14980 14343 13325
Basket of IT Stocks  –  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

 

CNX Pharma  :

After sharp rise some profit booking seen but any lower level good opportunity to long side.  Consider resistance 10700-10750, once stay above, non stop target 11000 and above, down side support 10400 watch out.

 

Last week Trend High Low Close 52W-High 52-W Low
Trend 10786 10152 10653 10786 7900

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
10485 10427 9575 9150 9125
Basket of IT Stocks  –  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

 

CNX Metal  :

Strong recovery on Friday and Monday it was also showed good strength and finally closed near to 200 DMA, trend is bullish and decline to buy side.

Last week High Low Close 52W-High 52-W Low
Trend 3727 3543 3714 4256 3062

 

5 DMA 10 DMA 50 DMA 100 DMA 200 DMA
3652 3640 3415 3500 3668
Basket of Metal stocks –    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

 

 

NIFTY SECTOR INDEX :

Index 52 week range Last Week  Range  
  High Low High Low Close 50 100 200
CNX Midcap 100 21840 17000       18970 18972 19512
Nifty Reality 375 251       269 282 303
Nifty. Pvt. Bank 16152 13298            
Nifty FMCG 33168 24427       30916 29758 28230
Nifty Auto 12108 10530            

 

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Bank Nifty Spot :

On Monday bank nifty unable to cross major resistance level 27165-27200 and finally it was break down support level and made a low 26743 and closed near to 26800.  Trend is bearish and more lower level in coming days.  Resistance continue 27100-27200 range watch out.    http://www.3mteam.in

Nifty Spot :

Market was free fall on Monday and finally it was made a low 11367  and closed near to days low.  Now consider resistance 11450-11460 and as long as remain below down side target 11350-11300 likely in short term.   Avoid any long side.   www.3mteam.in

Market Out Look :

Market was finally break down due to depreciate of rupee as well as crude oil price and govt. unable to good announcement to Rupee resulted broad based selling in market and closed with massive loss.    Over we are still above the last week low and likely test in short term.  Best strategy is that sell on rise and avoid any buy side. . http://www.3mteam.in

CNX Metal :

Strong recovery on Friday and finally it was given a decent break out above 200 DMA and continue sustainable basis so more up side in coming days.    www.3mteam.in
Cell No. 9630466296-9301302732 (also whatsapp)

CNX Pharma :

Last week some pause and profit booking seen and it was made a low 10152 but decent short covering and fresh buying resulted it was made a new high and closed nearly.  Strong bullish view and heading towards 11000.  Sun Pharma, AuroPharma, Cadila, Lupin are looking Hot.    www.3mteam.in
Cell No. 9630466296-9301302732 (also whatsapp)

CNX IT :

Trading above continue bullish view 16000.     However, at current level some profit booking is a best way.  However, HCL Tech looks good and big break out seen after 6 years.     www.3mteam.in
Cell No. 9630466296-9301302732 (also whatsapp)