24 May 2019

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 27 MAY TO 31 JUN 19


WEEKLY RESISTANCE FOR NIFTY: 11900, 12000, 12200
 PIVOT POINT: 11800
WEEKLY SUPPORT FOR NIFTY:  11700, 11600, 11500
WEEKLY CHART FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 11900, 11950, 12000
PIVOT POINT: 11850
DAILY SUPPORT FOR NIFTY:  11800, 11750, 11700
DAILY CHART FOR NIFTY




Bulls have shown tremendous strength on the long-awaited exit polls, despite the ongoing ambiguity in the US-China trade talks. With the last phase of elections scheduled for Sunday, the all-round buying across the sectors reflects market's anticipation that exit polls may indicate formation of a stable government. Monday was all about the result of exit polls over the weekend. With almost all polls indicating NDA government back in power with thumping majority, the market overjoyed with this and had a massive bump up at the opening well above the 11600 mark,. In the initial hour, there was mild profit taking seen; but eventually this got bought into and index went on register colossal rally of over three and half a percent to the previous close.  Monday’s colossal rally was followed by a gap up opening at new record highs on Tuesday. During the first half, index consolidated in a range; but second half turned out to be a disappointing one as we saw broad based sell off till the closing trade of the session. In this process, index shaved off precisely a percent from Monday’s massive upsurge. Wednesday, markets opened slightly higher as indicated by the Nifty early in the morning. Subsequently, index consolidated in a range of nearly 100 points throughout the day to eventually close with one fourth of percent gains. On the sectoral front, two heavyweight pockets, Banking and IT had diverging moves. The banking index saw decent pull back; whereas the IT index continues to underperform. Thursday, since morning, all eyes were on election counting and right from the word go, the BJP led NDA had taken a head start. As a result, we had a massive gap up opening tad above the 11900 mark. As the counting progressed, this early morning lead got extended to go beyond the magical figure of 12000. However, all of a sudden, we saw index taking a complete nosedive after clocking new highs, in fact the profit taking was so immense, we not only wipe off all gains but also went on to sneak well inside the negative territory. Friday market ended near day's high level on May 24 after BJP led NDA government got clear mandate in the Lok Sabha Election 2019. At close, the Sensex was up 623 points at 39434, while Nifty was up 187 points at 11844.
NIFTY: A STRONG SUPPORT WILL BE @ 11200; STRONG RESISTANCE LEVEL SEEN @11500
Expiry is ahead in the coming week. We must accept the fact, the forthcoming session is likely to see roller coaster rides and the overall trading range would probably be considerably higher than average range. Momentum traders are advised to stay light and would be necessary to remain flexible in case of any adverse reaction. Last week we had clearly stated about this space which is in a last phase of time as well as price correction. We have already seen a good leap from lows and expect further legs to unfold, which will eventually bring back the wider smile on many traders’/ investors’ faces. Historically, the stock market associates the month of May with Bearishness. This time too, it is playing out in a similar fashion as the Bears have started taking command. The old adage “Sell in May & Go on a Vacation” holds particularly true, as the market seems ready to test lower levels going forward. The short term trend has turned negative this week, as now every rally is being sold into, with 20dma and 200dma providing strong Resistances. The Bulls have a flicker of hope as the market has taken support at the Bullish Gap 11750-11650 and closed within it.
TECHNICALLY SPEAKING.

23 May 2019

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 24 MAY 2019

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Historical day for Indian stock market; nifty & sensex was at life time high . sensex was above 40000 & nifty above 12000. Continuing their record-breaking run, bulls hit new fresh record highs on Monday & took nifty above 1200 mark for the first time history of Indian stock market.  As expected and predicted by exit polls the BJP is going to form the government again. Markets had rallied on Monday and today after the trends started confirming NDA's win Sensex and Nifty hit their new highs. But after that the market caught up with ground realities of the economy and global factors. Global markets were showing weakness due to US-China trade worries and so our market settled down & turned negative.

HISTORICAL DAY FOR STOCK MARKET

INDIAN STOCK MARKET IS AT ALL TIME HIGH 
SENSEX ABOVE 40000

NIFTY CROSSED  12000 MARK 
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22 May 2019

OPTION CALL PUT TIPS FOR 23 MAY 2019

Market fell 1% as nifty & sensex failed to maintain the strong up move which was recorded on May 20, on the back on exit polls for Lok Sabha Election 2019, but in Wednesday’s trade Sensex ends 140 pts higher, holds above 39K ahead of poll results, while nfity closed at 11700 mark.

21 May 2019

OPTION CALL PUT TIPS FOR 22 MAY 2019

TATAMOTORS ROCKSSS CALL GIVEN IN 16 MAY POST TARGET ACHIEVED
TATAMOTORS 180 CALL ROCKS ACHIEVED ALL TGT MADE A HIGH OF 15 
PROFIT OF 4000
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Bulls unable to convince and trapped below trend line resistance. Nifty & sensex fell 1 percent as they failed to maintain the strong up move which was recorded on May 20, on the back on exit polls for Lok Sabha Election 2019. At close, the Sensex was down 382 points at 38969, while Nifty was down 119 points at 11709.

TATAMOTORS ROCKSSS CALL GIVEN IN 16 MAY POST TARGET ACHIEVED

TATAMOTORS 180 CALL ROCKS ACHIEVED ALL TGT MADE A HIGH OF 15 
PROFIT OF 4000
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20 May 2019

EXIT POLL CHANGED THE MARKET MOOD; NIFTY TIPS FOR 21 MAY

Bulls are back with a bang. BJP looked set to retain power in again.  Going by exit poll results Narendra Modi-led NDA government is all likely to come back to power with a resounding victory in general elections 2019. Indian equity benchmarks clocked their best single-day gains in nearly six years to close at record highs after the exit polls predict that the NDA will return to power. The Sensex closed 1422 points higher at 39352 and the Nifty ended at 11828.  It has been nearly five years since Modi took oath as Prime Minister on May 26, 2014. During this period the Nifty rallied over 5%.  However, the period also remained highly volatile for Indian market because of reformist measures such as demonetization, implementation of goods and services tax, Insolvency and Bankruptcy Code and Real Estate Regulation and Development Act. 

17 May 2019

NIFTY VIEW FOR EXIT POLL & ELECTION RESULT 20 MAY TO 24 MAY 2019

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WEEKLY RESISTANCE FOR NIFTY: 11500, 11600, 11700
 PIVOT POINT: 11300
WEEKLY SUPPORT FOR NIFTY:  11200, 11100, 11000
WEEKLY CHART FOR NIFTY


DAILY RESISTANCE FOR NIFTY: 11450,11550,11650
PIVOT POINT:11400
DAILY SUPPORT FOR NIFTY :  11350,11250,11150
DAILY CHART FOR NIFTY
Bulls have shown tremendous strength one day before the long-awaited exit polls, despite the ongoing ambiguity in the US-China trade talks. With the last phase of elections scheduled for Sunday, the all-round buying across the sectors reflects market's anticipation that exit polls may indicate formation of a stable government. The Sensex soars 537 pts & Nifty above 11,400. The proceedings for the week began on a weak note. The global uncertainty continues and somehow looking at the smart recovery in US markets on Friday, some hopes were built for a relief move. But, things escalated over the weekend and hence, the start was once again disappointing for traders across the globe. Yesterday, index consolidated for the major part; but once again last hour sell off axed down all hopes as there was complete panic seen across the board. Eventually, yet another session ended deeply in red with cut over a percent. On Tuesday in spite of Nifty indicating a weak opening, our markets witnessed a flat start. The rub-off effect from the previous session, however, pulled index immediately towards 11100 mark. Subsequently after forming a base around 11100 for the first half bulls staged a strong bounce back to mark intraday high of 11294. However, once again volatility hit the market during the last hour as Index witnessed wild swings and eventually ended at 11222 with gains of 74 points. Tuesday’s smart recovery was followed by a gap up opening on Wednesday, inline with global peers. Subsequently, index consolidated in a range with lot of choppiness for the major part of the day. However, quite similar to recent behavior, all of a sudden market started melting from higher levels and within no time, we were off more than 120 points in Nifty. Since, it was a broad based sell-off; market literally took a nosedive to surrender Tuesday’s gains. Wednesday’s tail end correction was followed by a mildly bullish start amid mixed global cues on Thursday. The index then went into a consolidation mode for the major part of the day. However, as we have been highlighting since last few days, the penultimate hour has become so crucial for our market and yesterday too it followed its recent pattern. The real momentum and trended move triggered at the stroke of the penultimate hour and then with some wild swings (due to weekly derivative expiry), index managed to give a sharp rally to conclude the expiry with some hopes and smile in traders’ fraternity.  
NIFTY: A STRONG SUPPORT WILL BE @ 11200; STRONG RESISTANCE LEVEL SEEN @11500