*meta content='BLOG DESCRIPTION HERE' name='description'/** *meta content='vinay tamta,VINAY TAMTA' name='keywords'/** *meta content='BLOG AUTHOR NAME HERE' name='author'/** 3M TEAM RESEARCH PVT. LTD.

Friday, June 23, 2017

Market outlook for 23RD JUNE 2017

As we have written in this column  Nifty will face resistance 9709 successfully hold it will move further and major break through, but unable to cross and started down ward journey and intra day almost loss more than 100 points in future and closed with negative bias.   On Thursday trade, over all profit booking, long unwinding and some counter fresh short saw.   Overall trend is bullish  but any fresh and confirm up trend only above 9710 on closing basis till then do not try to big exposure in market.
Nifty  :   Now we may consider decent support  9580-9550  once break these level, over all selling can not be ruled out, higher level resistance continue around 9700 9710 range.

Bank Nifty  :    Holding above 23500 strong bull favour and almost made a high 23890 .   Trend is strong bullish and intra day decline to long side with tight stop loss.

PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but at current level fresh selling is not visible  and likely SBI will lead the rally in coming days in PSU Banks.

PHARMA INDEX   :          Over all mixed trend continue with consider support range 9300 to 9350 range, stock specify movement continue likely short covering in Sun Pharma and fresh buying in AurPharma and fresh short in Dr. Readdy Lab.

 SOME IMPORTANT POINTS TO BE WATCH OUT

 Advise to traders, be careful any long and side and over all data found that these are making in short time period say 1 or 2 days  so any trade  should be cautious in either side with strict stop loss.

Long side  :    
SBI , Balkrishna Ind and Tata Power -
Long exit :
ARVIND MILLS, CENTURY TEXTILE, HDIL, SOUGHT BANK BANK OF INDIA DCB INFOSYS DHFL. Heavy long unwinding seen in number of stocks.
Short covering :
RELIANCE INFRA, SAIL YES BANK M&M, SBI AND SUNPHARMA
Short build up :
PETRONET, DLF, HINDALCO, LUPIN, TATA MOTOR AND MANY MORE

Our Recommendation   :
Short call in  Lupin, Hindalco, Tata Steel, VEDL and Century Textile.

OPEN INTEREST SPURT  : NO. OF CONTRACTCS

SBI                                                          1319
YES BANK                                            3514
M&M                                                    673
SUN PHARMA                                   3864
DLF                                                         1535
LUPINLAB                                            2562
ONGC                                                   1045
LT                                                            1177
BPCL                                                      912

OPTION ANALYSIS :

Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600

F&O BAN

ALL BANK, BANK OF INDIA, BEML, DLF, HDIL,  IBREAL, IFCI, INFIBEAM JP ASSOCIATE, KSCL, ORIENT BANK RCOM AND WOCKPHARMA

FIIS ACTIVITY ON 22nd  JUNE 2017

Derivative Segment
Index Future                  +98.65
Index Options                 + 593.66
Stock Futures                - 100.76
Stock Options                + 45.06
Net FO Positions            +626.61

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Thursday, June 22, 2017

Market outlook for 22nd JUNE 2017

On Wednesday market closed with some negative bias and some profit booking due to global ques , however it was managed to closed above 9600 mark.  
Nifty  :   Now we may consider decent support  9600-to  9580   till hold these levels  bounce back can not be ruled out and below be prepare for correction in the market.
Bank Nifty  :    Holding above 23500 strong bull favour with consider resistance 23750  crossover it will show more power towards 24000, down side strong support 23350, below it will test 23000 mark.
PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but due loan waiver  scheme by govt, over all selling pressure seen in PSU bank .
PHARMA INDEX   :          Looks that  recovery likely over and ready  for another correction in this sector.  Lupin likely a bid down side in coming days, once it was broken.    
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
PC JEWELLERS, LT MARUTI HUL CAN BANK
Long exit :
SUN TV BAJAJ AUTO NALCO
Short covering :
IDBI, OLBC, AND BANK OF INDIA
Short build up :
FED BANK, OIL, EICHER MOTOR, BPCL LUPIN IBUL HOUSING AND MANY MORE.

OPEN INTEREST SPURT  : NO. OF CONTRACTS

LT                                                            1871
CAN BANK                                          491
FED BANK                                            1130
EICHER MOTOR                                                1000
LUPIN                                                   2520
BPCL                                                      1110
TCS                                                         2112
YES BANK                                            2186
AXIS BANK                                          1305

 OPTION ANALYSIS :

Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600

F&O BAN

ALL BANK, BANK OF INDIA, BEML, DLF, HDIL,  IBREAL, IFCI, INFIBEAM JP ASSOCIATE, KSCL, ORIENT BANK RCOM AND WOCKPHARMA


FIIS ACTIVITY ON 21ST JUNE 2017

Derivative Segment
Index Future                  - 90.73
Index Options                 + 145
Stock Futures                -  1099
Stock Options                -  44
Net FO Positions            - 89.50

For Subscription Call
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Wednesday, June 21, 2017

Market outlook for 21st JUNE 2017

On Tuesday market trend in small trading range and unable to cross previous resistance level  and higher level some profit booking seen  some counters and almost closed near to 9650.   Over all trend is bullish and after sharp rise on yesterday time for consolidation and waiting for further break out and once it will be happen it will added another 100 to 150 points in short term.
Nifty  :   Now we may consider decent support  9600-9620 holding these level again higher side.   Resistance around 9700-9710 once successful taken out strong buying force emerged in the market and major short covering cannot be ruled out.
Bank Nifty  :    Holding above 23500 strong bull favour and once crossover 23750 with volume and added open interest it will move towards 24000 and above.
PSU Bank INDEX  :   Consider support 3450-3500 and continue holding, but due loan waiver  scheme by govt, over all selling pressure seen in PSU bank in front line stocks like  PNB, BANK OF CARODA, BANK OF INDIA AND CAN BANK.  However, SBI showing some strength.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350. However, some short added in some counter like Lupin and Sun Pharma.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
HEXAWARE, UJJAVAIN APOLLO TYRES, EQUITUS AND NBCC
Long exit :
SOUTH BANK AND BERGER PAINTS
Short covering :
BEML, DISH TV, HINDUSTAN ZINC.
Short build up :
EICHER MOTOR, BPCL, MARUTI, LUPIN, BANK OF BARODA, PNB, SUNPHARMA, IDBI, GAIL

OPEN INTEREST SPURT  : NO. OF CONTRACTS

BANK NIFTY                                                       16636
BPCL                                                                      1006
MARUTI – SHORT SIDE                                  1334
LUPIN  - SHORT SIDE                                       1477
BANK OF BARODA – SHORT SIDE              926
PNB       - SHORT SIDE                                     1358
SUN PHARMA – SHORT SIDE                      1700
DLF – COVERING                                              - 984
HDFC                                                                     772
RBI  - LONG SIDE                                               202
RELIANCE                                                            674
YES BANK – SHORT COVERING                  - 167

OPTION ANALYSIS :
Highest call hold 9700 followed by 9800
Highest Put hold   9500 and 9600
F&O BAN
ALL BANK, BANK OF INDIA, BEML, DLF, HDIL, IBREAL, IFCI
INFIBEAM JP ASSOCAITES KSCL, ORIENTAL BANK, RCOM WOCKPHARMA
NEW IN BANK : IFCI
FIIS ACTIVITY ON 20TH JUNE 2017
Derivative Segment
Index Future                  + 321
Index Options                 +345
Stock Futures                - 481
Stock Options                - 22
Net FO Positions            + 164


RAKESH SETHI
For Subscription Call
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www.3mteam.in

Tuesday, June 20, 2017

Market outlook for 20th JUNE 2017

Market are finally break down upper level  and closed with decent gained near to  9657.  Bank Nifty also performed exceedingly well and closed above 23700 and Pvt Sector banks looks good.  Major short covering seen in metal stocks whereas again fresh short seen in pharma segment.   Over all trend is bullish.
Nifty  :   Now we may consider decent support  9600-9580 range and resistance at 9700   crossover it will show more power towards 9750
Bank Nifty  :   Closed above 23500 decent break out seen in Bank Nifty  and almost closed near to day’s  high and likely test new high 24000   mark.
PSU Bank INDEX  :   Consider support 3450-3500 range but still under performing , however some short covering seen in PSU bank like SBI ANDBOI.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
IBREAL,  MOTHERSON SUMI,   M&M FINANCE
Long exit :
VOLTAS AND BIOCON
Short covering :
VEDL, ADANI ENT. BANK OF INDIA, TISCO, SAIL AND LT
Short build up :
HDIL, INDIAN BANK, WOCKHARD, EICHER MOTORS ESCORTS AND YES BANK.

OPEN INTEREST SPURT  : NO. OF CONTRACTS

IBREAL                 2256
MOTHER SUMI     249
VEDL                    - 558
ADANI ENTT.        725
LT                         - 339
HDIL                     1642
WOCKHARD                   2439
YES BANK            2746
RELIANCE            - 1507
SUN PHARMA       1065
TCS                      -1804
DLF                      - 626
AXIS BANK           -541
UJJAVIN               -310
SBI                       -969


F&O BAN

AL BANK, BANK OF INDIA, BEML, DLF, HDIL, IBREAL, INFIBEAM, JP ASSOCIATES, KSCL, ORIENTAL BANK, RCOM AND WOCKPHARMA.

OUT OF BANK :  UJJAVAIN
NEW IN BANK : HDIL, IBREAL AND WOCKPARMA.

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