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Equity Market –      18h  July  2018

Market Trend

Nifty finally taken support 10930 and U turn seen and able to closed above 11000 mark.

After sharp fall on yesterday market taken a support level of break out level and finally it was closed above 11000 mark and across the board buying seen specially buying in Banking and PSU Bank alongwith Textile, and some IT sector.   Over all trend is bullish as long as holding above 10900  and buy on dip strategy..

Nifty  Spot

 

 

Strong reversal from lower level consider decent support 10900-10930 and any dip to buy side,   sustained above   11020,-11045 up side open towards 11078 more  thereafter 11100-11171 likely test.

Over all trading range 10930 to 11171  in short term, once successfully tradingabove 11200, major break out towards 11400 11500.

Last week Trend

High

Low

Close

52W-High

52-Low

Nifty Spot

11078

10816

11023

11171

9685

 

5 DMA

10 DMA

20 DMA

50 DMA

100 DMA

200 DMA

10958

10844

10790

10732

10562

10478

Nifty Future

 

Today intra day decline up to  10990-10963  to buy side upside  resistance 11035, thereafter move towards 11080-11100 mark easily.

 

Last week Trend

High

Low

Close

Nifty Future

11069

10801

11020

 

 

Bank Nifty Future

 

Consider support 26700-26600 range and resistance 26150-26200, once crossover and sustained above sharp move towards  27400 to 27500, thereafter more up side in coming days.

Trading range 26000 to 27200, trade and closed above 27200 upside open towards 27750-28000-28200-28500 in near term.

Last week Trend

High

Low

Close

52-W High

52-W LOW

Bank Nifty Future

27153

26606

26963

 

 

 

5 DMA

10 DMA

20 DMA

50 DMA

100 DMA

200 DMA

26871

26627

26554

26385

25632

25546

FO QUESQ

Highest Put at  10600-10800

Highest call seen at 11000-11200-11100

Pur writing seen-  10800-11000

Call Writing seen at –  ---11000

Long Side:    Federal Bank, Bata India, Zee Tele. Mind Tree

Short side :     RBL Bank,   Ashok Leyland –Balkrishna Industries.

Short Covering  :   PSU Bank stocks.

Long Unwinding   :     CAPF

CNX PSU BANK INDEX

Over all bearish trend but highly over sold and it was reversal seen from the near to  52 week low.     Now today consider support  2750-2764 and above 2806, upside resistance 2877-2880 watch out, thereafter heavy selling can not be ruled out.

Last week Trend

High

Low

Close

52W-High

52-W Low

-

2865

2765

2778

4335

2645

 

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

2808

2789

2882

2900

3259

Basket of PSU Banks :   SBI –BOB-Can Bank- Indian Bank_ Syndicate Bank, Union Bank, Andhra Bank, IDBI, All Bank, Bank of India.

CNX Pharma Index

As sharp fall on yesterday and hammering in all pharma stocks, smart pull back seen and almost gained more than 150 points from the lower. Higher level  90801 is a good resistance watch out.   Any sharp decline to best go long for long term and accumulate front line stocks for a good return.

Last week Trend

High

Low

Close

52W-High

52-W Low

 

9348

9142

9164

10130

7900

 

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

9244

9254

8776

8763

9085

Basket of Pharma  Stocks  :  PEL, Divis Lab, Auropharma, Cadila, Dr. Readdy, Sun Pharma, Biocon, Lupin Lab.

CNX  IT

Over  all bullish trend and decline to buy side. 

Last week Trend

High

Low

Close

52W-High

52-W Low

 

14665

14141

14535

14654

10388

 

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

14383

14232

13785

10368

12443

Basket of IT Stocks  -  TCS-Infosys,Wipro, HCL Tech, Tech Mahindra, Infebeam, OFSS, KPIT  Tata Elexi.

XNX METAL INDEX

Over all trend is bearish and trading below all long term average so any rise to sell side. There is reversal trend seen at current level Hgher level resistance observed around 3258 and 3310 watch out.

Last week Trend

High

Low

Close

52W-High

52-W Low

 

3396

3275

3296

4256

3147

 

5 DMA

10 DMA

50 DMA

100 DMA

200 DMA

3338

3345

3522

3627

3742

Basket of Metal stocks -    Major contricutor – Tata Steel, VEDL, Hindalco, JSW Steel, Coal India, SAIL, Hind. Zinc, NMDC, JSW Steel, NMDC, NALCO.

 

Results Up ated :

18th July – Ultratech, NIT-Mind Trew-Bandhan Bank, JK Tyre

19th July – Bajaj Finance, Bajaj finserve, Kotak Bank

20th july – Bata-Wipro-LT Finance, Havels, Bajaj Auto, Ceat, wipro HDF Life.