*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.: Market outlook for 19th JUNE 2017

Monday, June 19, 2017

Market outlook for 19th JUNE 2017

Market are continue in profit booking before the expiry week and market closed near to yesterday closing indicating  Dozi candle.   Over all derivative data suggests that some more consolidation is likely to continue in the index.
Nifty  :   Now we may consider decent support 9550-9525 and resistance 9630 crossover sharp move towards 9580 possible.
Bank Nifty  :   Again support hold and finally closed near to 23500,  on Monday crossover and stay above 23550   looks   promising likely.
PSU Bank INDEX  :   Consider support 3450-3500 range and still holding.  Closed below 3400   panic situation can not be  ruled out.
PHARMA INDEX   :        Some profit booking seen in pharma stocks and consider support nearly 9350.
SOME IMPORTANT POINTS TO BE WATCH OUT 
Long side  :     
FED BANK  EQUITUS  INDA  CEMENT
Long exit :
IBEAL   VOLTAS HDFC BANK
Short covering :
UJJAIVAN,   KOTAK BANK AND AXIS BANK
Short build up :
LUPIN,  ICICI BANK, ESCORTS AND GODREJ CP.

OPEN INTEREST SPURT  : NO. OF CONTRACTS
BEML                           384
BANK NIFTY               44000
FED BANK                   660
LUPIN                          3061
DLF                             -2095
RELIANCE                   -1531

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