19 July 2019

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 22 JUL TO 26 JUL 2019

WEEKLY RESISTANCE FOR NIFTY: 11475, 11575, 11675
 PIVOT POINT: 11400
WEEKLY SUPPORT FOR NIFTY:  11325, 11275, 11200
WEEKLY CHART FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 11450, 11550, 11650
PIVOT POINT:11425
DAILY SUPPORT FOR NIFTY :  11375,11350,11300
DAILY CHART FOR NIFTY


The week closed on negative note. The Sensex slips 560 pts to log 2nd biggest fall in 2019 so far, Nifty ends at 11419. The Nifty hinted at a positive opening of the week and in line with the expectations, our markets started trading for the week on a positive note above the 11600 mark. The index then consolidated in a range throughout the session and ended the day tad below 11600. The index heavyweight ‘Infosys’ announced its quarterly results over the weekend and the market participants gave thumbs up to its better than expected numbers.  Nifty opened on a flat note on Tuesday and consolidated below the resistance of 11640 for most part of the session. However, Nifty breached this resistance during later part of the session and ended the day around the high point with gains of over six-tenths of a percent.  The index opened marginally positive in Wednesday’s trading session and traded in a narrow range throughout the day to end tad below the 11700 mark. In last few sessions, Nifty has seen a pullback move and has tested its '20 DEMA' in Wednesday’s session. Although the index has given a pullback moves of more than 200 points from the recent lows. Most of the Asian markets were trading with a flat to negative bias before our market open and our indices too witnessed a flat opening in Thursday’s session. However, the weekly expiry session witnessed a negative momentum from the opening ticks itself and the index corrected throughout the session to end the day around 11600. On Friday market slid as there was sharp sell-off by foreign funds due to the government’s reluctance to tweak FPIs income tax surcharge, and the deficiency in monsoon rain, which impacted risk sentiment. Additionally, downward revision in India’s growth to 7% by ADB and lackluster earnings from domestic corporates added anxiety over premium valuation.  
NIFTY: A STRONG SUPPORT WILL BE @ 11350; STRONG RESISTANCE LEVEL SEEN @11600
Next week is the expiry week on Jul series, honestly at this juncture; it’s hard to give any possible direction for the forthcoming week. We need to see how market reacts in the first half. Till the time, 11425-11400 are not violated, the broader structure does not get distorted. But in case if it happens, then get ready for some sharper cuts in the market. On the higher side, 11640-11700 remains to be a sturdy wall. If market has to regain strength, the banking needs to take a charge. Also the IT and Midcaps witnessed complete sell off and hence, we need to see whether the correction is overdone or yet to extend further. At present, traders are advised to stay light and it’s better to adopt a confirmatory approach for a while.
TECHNICALLY SPEAKING.

17 July 2019

NIFTY VIEW & OPTION CALL PUT TIPS FOR 18 JUL 2019

NTPC 130 CALL ACHIEVED TARGET
 NTPC 130 CALL  ACHIEVED 1ST TGT 3 @ BUY GIVEN @ 1.8  PROFIT OF 5760 
TO GET SUCH CALLS LIVE FILL UP THE FORM GIVEN HERE  
Fresh trade war concerns between the Unites States and China kept the markets jittery. Markets ended Wednesday's choppy trading session with gains. Market continued to gain for third consecutive session with the Nifty reclaiming 11700 level intraday. Corporate earnings kept indices volatile with buying being witnessed in selected PSU and IT scrips. The Sensex added 85 points to settle at 39216 levels with State Bank of India, Tech Mahindra, HCL tech and IndusInd Bank being top gainers. On the contrary, YES Bank, Maruti, ONGC and NTPC were at the lower end of the spectrum.

NTPC 130 CALL ACHIEVED TARGET

 NTPC 130 CALL  ACHIEVED 1ST TGT 3 @ BUY GIVEN @ 1.8  PROFIT OF 5760 
TO GET SUCH CALLS LIVE FILL UP THE FORM GIVEN HERE  


16 July 2019

NIFTY VIEW & OPTION CALL PUT TIPS FOR 17 JUL 2019

 NTPC 130 CALL NEAR TO HIT THE TGT 3 RUNNING @ 2.6 BUY GIVEN @ 1.8 
3840 PROFIT IF U BOOK NOW 
CONTINUE TO HOLD FOR TARGET
Bulls are back in action..!!! nifty managed to close above 11650 mark.  Benchmark indices closed strong with the Sensex rising 234 points to 39131 and the Nifty climbing 72 points to 11661. The indices touched intra-day highs of 39174 level at the Sensex and 11670 level at the Nifty. A slew of positive vibes from heavyweights ahead of earnings and lower domestic yield supported the market while profit booking on IT stocks and weak rupee limited gains. Earnings will be the major catalyst where investors are keen to get cues from Q1FY20 results and guidance. Sharp fall in domestic 10-year yield to 6.34% and accommodative stance by the RBI provide a hope for further monetary easing.

15 July 2019

NIFTY VIEW & OPTION CALL PUT TIPS FOR 16 JUL 2019

Infosys result changed market sentiments. Liquidity issue in the domestic market and weak economic data in China put pressure on the market. Green shoots from earnings lifted the sentiment of IT sector while ease in WPI inflation (June) to 2.02% added some cheer in the market. Q1 results announced so far have been mixed and going forward is expected to be subdued. Market ended higher led by the rally in Infosys Ltd. The Sensex closed 161 points higher at 38896 and the Nifty ended at 11588. 

12 July 2019

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 15 JUL TO 19 JUL 2019

"BUY NTPC 130 CALL @ 1.8 TGT  3/4.5" 
WEEKLY RESISTANCE FOR NIFTY: 11680, 11755, 11825
 PIVOT POINT: 11580
WEEKLY SUPPORT FOR NIFTY:  11515, 11445, 11415
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 11650, 11750, 11850
PIVOT POINT:11550
DAILY SUPPORT FOR NIFTY :  11500,11450,11400
DAILY CHART FOR NIFTY


Last week correction was followed by a decent gap down opening to kick-start the week on a pessimistic note. In fact, the selling accelerated as the day progressed; resulting into violation of all intermediate supports one after another. Market seemed to have lot of hopes from the budget and since it has disappointed from all ends, it has eventually turned into an adverse reaction which we are experiencing since last couple of days. Yesterday there was no respite throughout the day and hence, index went on to post biggest single day loss for the current calendar year. Following the sharp sell-off from the Monday’s session, Index started off on a negative note on Tuesday and the weakness got extended during the initial hour to mark intraday low of 11461. This was followed by a bounce back to erase intraday losses and after trading in a range for the most part Index eventually ended flat at 11556. Tuesday’s bounce from the lower levels was short lived as our markets witnessed a weak opening on Wednesday and after trading in a range for the most part of the session eventually ended with a loss of around half a percent tad below 11500. The global set up was just perfect for such head start early in the morning on Thursday. Most of the global indices looked rejuvenated after Fed Chairman Powell hinting a rate cut in his speech. We opened higher as indicated by the Nifty; but some part of these gains got erased in initial trades. Fortunately, we witnessed a strong buying emerging at lower levels which accelerated in the latter half. In the end, despite a weekly expiry, markets remained stable to conclude with over seven tenths of a percent gains. On Thursday Volatility continued given subdued expectation on Q1FY20 results which is increasing risk of downgrade in future earnings. Investor’s remain focused on today’s CPI inflation data to get cues on interest rate trajectory, currently market is expecting reduction in interest rate in the medium-term. Lack of stimulus to the economy and premium valuation is influencing investors to have a cautious approach in the market. Nifty ended at 11553.

11 July 2019

NIFTY BANKNIFTY TIPS TO TRADE FOR 12 JUL 2019

FOR  CALLS  JOIN US NOW WHATSAPP 9039542248
Bulls failed to retain control as Nifty failed to hold on to 11,500 on a closing basis while Sensex fell nearly 200 points in volatile trade. Sensex fell 173 points to 38,557 while Nifty closed 57 points down at 11,498. The index closed below 100-day exponential moving average placed around 11,500.The next big support for Nifty50 is now placed at 11,316, which is 200-day EMA. We advise investors to trade cautiously and wait for clear signs of a breakout for initiating long positions. Nifty formed a bearish candle but it closed above July 9 intraday low of 11,461 that suggests there is a possibility of a pullback. If the index breaks below this level then the selling pressure could extend towards 11,420-11,300, while a close above 11,600 could bull back in charge.
More about intraday tips on Google +

Resistance: 11600, 11650
Support: 11450, 11400


10 July 2019

RELINFRA ACHIEVED TARGET ; NIFTY VIEW FOR 11 JUL 2019

 RELINFRA 40 PUT ROCKS CALL GIVEN IN 1 JULY POST ACHIEVED BOTH THE TGT 3.2/3.7 BUY GIVEN @ 2.7 

TO CHECK THE CALL 
6000 PROFIT 
FOR SUCH CALLS MORE JOIN US NOW WHATSAPP 9039542248
Bulls and bears were on roller coaster ride with the nifty was shuttling between gainer & loser. Nifty crossed yesterday's high raising hopes of a strong uptrend but failed to sustain higher levels and close half a percent down toward the end as rising crude prices along with fall in financial services, metals, auto and PSU oil stocks dented market sentiment. Nifty after opening lower at 11536 saw some recovery to hit a day's high of 11593, but slipped into the red after initial one hour of trade and remained lower for rest of session amid volatility & made a low of 11475. The index closed 57 points lower at 11498.