TELECOM AND METAL STOCKS LEVELS- SHORT-TERM

INDIAN STOCK MARKETS= SEP-17 SERIES DAILY STUDY REPORT

TELECOM AND METAL STOCK LEVELS

NIFTY AND BANK NIFTY:

NIFTY HAS TAKEN A JUMP FROM THE LOWER LEVEL SUPPORT FORMED ON THURSDAY. NOW THE SUPPORT FORMED AT 9717-14 IS VERY CRUCIAL AS THE MARKETS FOUND DECENT TRIGGERS DUE TO EASING OF GLOBAL TENSIONS FROM N-KOREA AND LIKELY POSTPONEMENT OF US-FED RATE HIKE.

NOW THE MOMENTUM INDICATORS SUGGEST THAT IT MAY TOUCH 10240 LEVELS. UNLESS NIFTY TRADES BELOW 9930 LEVEL BEARS HAVE NO CHOICE BUT WAIT TO GAIN TIME ADVANTAGE.

BANK NIFTY ALSO PERFORMED BUT RELATIVELY FELL SHORT OF THE RISE MADE BY NIFTY. BANK NIFTY LOWER SUPPORT IS AT 24246-73 FOR SHORT-TERM AND IT IS IN BULL GRIP SO LONG IT TRADES ABOVE 24415. THE MOMENTUM INDICATORS SUGGEST THAT THE POTENTIAL DEVELOPED MAY TAKE A LEVEL OF 25480-25660. THE PSU BANKS AND ICICI HAS TO JOIN THE BULL CLUB TO MOVE THE INDICES.

SCRIPS:

BHARTIAIRTEL: JUNE F& O CLOSING @ 381 BHARTI OPEN INTERST @ 345 LAKHS

JULY F& O CLOSING @419 BHARTI OPEN INTERST @ 281 LAKHS

AUGUST F& O CLOSING @ 429 BHARTI OPEN INTERST @ 259 LAKHS

THE NEGATIVE NEWS IS NOT REFLECTED IN SEPTEMBER NOT EVEN 30 LOTS OI UNWINDING.

WHERE AS BHARTI OI BUILD UP HAPPENING ARROUND 409-06 SINCE OPENING OF NEW SERIES WITH 259.8 LAKHS TO 259.31 LAKHS.

INFRATEL: JUNE -JULY-AUGUST-CLOSINGS WERE 376-414-377

WHERE AS INFRATEL OI BUILD UP HAPPENING ARROUND 373-75 SINCE OPENING OF NEW SERIES WITH 67.35 LAKHS TO 74.46 LAKHS.

TO DATE.

HINDALCO - SEP- SERIES AVERAGE 246.6

TATASTEEL - SEP- SERIES AVERAGE 655.5

VEDL - SEP- SERIES AVERAGE 223.0 

JSWSEEL-SEP- SERIES AVERAGE 261.6

IMPORTANT DISCLAIMER: 

STOCK TRADING LOOKS EASY AND REWARDING BUT ACTUALLY A HIGH-RISK VENTURE AND TRADERS ARE MOST TO LOSE, DEMANDS CALM MIND AND PSYCHOLOGICAL BALANCE. 

IT IS A CHALLENGING JOB DUE TO PRECISION IN TIMING AND LIMITED CAPITAL AVAILABLE WITH RETAIL TRADERS.

SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND NEVER FORGET TO MAKE YOUR STUDY TO GET SUCCESS.

NOT TO DISCOURAGE ANY ANTHUSIAST BUT REQUEST TO DEDICATE REASONABLE TIME & ENERGY TO EMPOWER THOSE MOST REQUIRED QUALITIES TO BUILD WEALTH CREATION FROM MARKETS.

==========================================================