Market out look 20th Sept. 2017
Trend is Bullish
Support 10100 - Above 10200 very hot
Market out Look : Market are continue up side but higher level some profit booking seen but trend is bullish. However, market closed yesterday level which indicate indecisiveness. Over all trend is bullish and any sharp decline to buy side.
Nifty : Consider support 10135-10100 and crossover 10190-10200 major up side and short covering on the card.
Nifty future : Any decline to buy side with consider support 10100-10110 and resistance 10190, crossover heavy short covering towards 10250 10300.
Bank Nifty Future : Overall trend is continue bullish with consider major support range 24800-24900 and resistance 25100-205200 crossover more up side.
Metal Index : Holding above 3600 overall looks good and resistance 3700-3710.
Pharam Index : Lower level decent support 9000-9100 as long as hold this level, buy on decline strategy continue.
PSU Bank Index : Decent support around 3200 watch out, resistance 3300-3310 crossover more up side.
OPEN INTEREST ANALYSIS :
Long side : MGL, IGL, Gail, Petronet, HPCL, Equitus and Tata Motors
Short Side : Indigo, HDFC, SBI, PNB and OBC.
OI SPURT BEML long side 1867, GAIL long side 683, HPCL short covering 1990 contract, ITC short side 45 lacs, SBI short side 25.53 lacs, HDFC short side 3.21 lacs, Lupin Long side 6 lacs, Reliance long exit 1153, Axis Bank short covering 14 lacs, ICICI Bank, short covering 4.86 lacs, Tata Motor 75 lacs short covering and many more
More details call
9630466296-9203901698
No comments:
Post a Comment