Showing posts with label nifty levels. Show all posts
Showing posts with label nifty levels. Show all posts

Tuesday, June 27, 2023

SHARE MARKET HIGHLIGHTS ; WILL NIFTY & NIFTY BANK BREAK ALL TIME HIGH ??

STOCKS SUGGESTION TO TRADE ON 28 JUNE 2023

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The smiles returned to investors' faces on June 27 as the market saw some buying in the second half of the day and benchmark indices rose. However, the Nifty again failed to break the all-time highs, closing the level about 70 points behind. Nifty opened slightly positive followed by some consolidation. The index gained momentum in the second half and strengthened towards the end of the trading session. The index gained over 100 points and closed near the daily high. This was mainly due to the support of the bank nifty, which finally really picked up speed. HDFC Bank put in a strong performance today which was complemented by ICICI Bank and Axis Bank which catapulted the bank well above 44,000. The Nifty 50 index rose to 18817, registering a gain of 126 points. The Sensex zoomed 446 points to 63416. Short covering ahead of Wednesday's F&O expiration may have sparked a significant bounce in major benchmark indices despite a lackluster trend in Asian and European indices. Investors have once again bet heavily on India's solid economic fundamentals, focusing on banking and real estate stocks, ignoring negative catalysts such as the tightening Fed, growing Chinese growth concerns, the Russian crisis and the erratic monsoon. Looking forward, Nifty is expected to target new highs at high levels, with immediate support at 18750. Strong selling was seen on the 18750 and 18700 strike put options, suggesting that any intraday pullback towards these levels is likely to be bought. Bank Nifty closed positive with a bullish candle as it closed above the highs of the past eight days after trading sideways on the daily time frame. Resistance is around 44200 and 44500 and support is around 44000, 43800 and until Bank Nifty breaks this range it is expected to remain sideways. The technical indicator RSI is around 56 while the 200 EMA is at 41500.

Resistance: 18700, 18800, 18900

Support: 18600, 18500, 18400

PERFORMANCE OF STOCK FOR 27 JUNE 2023

PEL  UP BY 4%

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Monday, June 26, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 27 JUNE 2023

STOCKS SUGGESTION TO TRADE ON 27 JUNE 2023

SBICARD PEL  SUNPHARMA ASTRAL LAURUSLAB CUMMINS BLARAMCHIN HEROMOTOCO GMRINFRA M&M

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Nifty stayed within a 76 point range on June 26, repeatedly rising and falling before ending slightly higher. At the close, Nifty was up 25 points at 18691. Volumes on the NSE were lower than the recent average. Global equities mostly fell while gold rose after an aborted insurgency by Russian mercenaries cast doubt on President Vladimir Putin's authority and a sharp decline in financials more than wiped out gains in the energy sector on worries about political instability at the world's largest oil producer, Russia. Weak Asian and European signals dampened domestic market sentiment as benchmarks ended in a mixed range on selective buying of key industry stocks. Global markets dictate domestic trends and investors do not want to be in a rush to go long at a time of great uncertainty.

Nifty failed to follow the bearish formation on the weekly charts. There could now be a small bounce before correcting again. 18650 and later 18550could offer support while the 18750-18775 band could offer short-term resistance. Technically, after a short-term correction, the index saw range-bound activity near 18675 or the 20-day SMA (Simple Moving Average), a key support level. For day traders, 18725 would be the key resistance level, while 18650 could be the crucial support zone. Above 18775 saw another uptrend rally to 18800-18850. On the upside, selling pressure is likely to increase below 18675 and may ease by 18625-18575.

 Resistance: 18700, 18800, 18900  

Support: 18600, 18500, 18400

PERFORMANCE OF STOCK FOR 26 JUNE 2023

LALPATHLAB went up by 3% 

MCX  was up by%

MGL up by 2% we have given MGL 1030 CALL TO BUY @ 10 & BOOKED 13

LAURUSLAB up by 3.5% WE HAVE GIVEN LAURUSLAB 360 CALL TO BUY @ 2.6 & BOOKED NEAR 4

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Saturday, June 24, 2023

NIFTY OUTLOOK FOR WEEK (26-30) JUN 2023

 TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html 

STOCKS SUGGESTION TO TRADE ON 26 JUNE 2023

LALPATHLAB  MCX  MGL PETRONET RAMCO RECLTD  LAURUSLAB IOC 

Nifty broke out above the 18,800 level and is close to surpassing the peak of 18,887 levels, accompanied by a long positive candle with minor upper shadow on the daily charts. The MACD showed a bullish crossover with a resistance level of 19,000 predicted to be on the horizon. Although the RSI and Nifty can keep the index strong, the moving averages are below the current index value, which reinforces a bullish outlook. Finally, the writers of call options at the 18,800 strike were seen closing their positions, signaling positive sentiment. Domestic equities suffered significant losses on Friday (June 23) amid weak global cues as investors remained concerned over sticky inflation, rate hikes and their impact on global economic growth. Shares of Reliance Industries, Infosys, Larsen & Toubro, SBI, TCS and ITC ended as the top drags on the equity benchmark Sensex.

Top gainers, losers today: Adani stocks, IndusInd Bank, SBI, Bharti

Our  Views on Markets

However, the domestic market is not expected to experience a significant correction due to favorable domestic economic indicators and a correction in international commodities prices to sustain earnings growth on a quarter-on-quarter basis. Technical Views on Markets It is observed that  intraday and daily charts, the Nifty formed a double top formation and also formed a bearish candle on weekly charts which is broadly negative.For traders, the 20-day SMA (simple moving average) or 18,650 would act as a sacrosanct support level. If the index trades above this, then it could retest the level of 18,880 and move up to 19,000. Below the 20-day SMA or 18650, the market could slip to 18,500-18,450 The Bank Nifty has formed a lower top formation and is currently trading near the 50-day SMA. For bank nifty traders, a 50-day SMA or 43,500 would act as a key support level, above which a quick pullback rally to 20-day SMA or 44,000-44,300 is possible. On the other side, below 50-day SMA or 43,500 it could slip to 43,300-43,000.The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Wednesday, June 21, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 22 JUNE 2023

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Although the domestic market hit record highs, it failed to continue its upward trend due to prevailing concerns about global issues and a delayed monsoon. Additionally, consecutive days of net selling by FIIs exacerbated market volatility while mid-cap stocks maintained steady gains. Meanwhile, global market sentiment was dampened as UK CPI inflation came in higher than expected, hurting investor confidence. It is solely the positive domestic fundamentals reflected in the markets that propelled the Sensex to a new lifetime high and pushed the Nifty closer to breaching its previous high. As global macro headwinds continue, both domestic and foreign investors will continue to place heavy bets on local equities as growth parameters improve. The rally failed to gain momentum as investors traded cautiously ahead of the Federal Reserve Chair's testimony before the US Congress later today. Benchmark indices closed higher on June 21, with Nifty at around 18,850. Finally, the Sensex was up 195 points, to 63523 points and the Nifty was up 40 points, to 18,856 points. About 1,672 shares rose, 1,750 shares fell, and 118 shares were flat. Technically, the Nifty is showing higher bottom formation on the intraday charts, which is broadly positive. For traders, 18800 would be the key support level to watch out for and beyond that, the index could rally to 18900-19000. However, a quick short-term correction is not ruled out if the index trades below 18775 and slides to 18750-18700.

STOCKS SUGGESTION TO TRADE ON 22 JUNE 2023

AUBANK COFORGE PNB LUPIN GNFC COROMONDEL  MANAPPURAM INDUSTOWER MARUTI NATIONALUM POWERGRID

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Resistance: 17400, 17500, 17600  

Support: 17300, 17200, 17100

Friday, December 31, 2021

NIFTY WEEKLY OUTLOOK CHART & VIEW FOR 03 JAN 2022 TO 07 JAN 2022

WEEKLY RESISTANCE FOR NIFTY: 17500, 17600, 17700

PIVOT POINT: 17400

WEEKLY SUPPORT FOR NIFTY:  17300, 17200, 17100

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 17450, 17550, 17650

PIVOT POINT: 17350

DAILY SUPPORT FOR NIFTY:  17250, 17150, 17050

DAILY CHART FOR NIFTY











We started the week on a nervous note as indicated by the SGX Nifty. The selloff aggravated mainly in the financial space which resulted in re-testing of sub-16850 levels. Fortunately the initial nerves settled down after half an hour of knee jerk reaction. This was followed by a sustained buying throughout the remaining part of the session to conclude with nearly half a percent gains by reclaiming the 17000 mark with some authority. Monday’s spectacular recovery was followed by a decent bump at the opening on Tuesday, citing to positive mood across the globe. The index extended its early lead a bit to surpass the 17200 mark and then slipped into a consolidation mode. All of a sudden at the stroke of the penultimate hour, market came off sharply on the back of some profit booking. Fortunately this tiny dip got bought into as Nifty went on to conclude the session around day’s high by reclaiming 17200. We had a muted start to Wednesday’s session in the absence of any major trigger on the global as well as domestic front. In the initial hour, we did move towards 17300 but this attempt eventually failed as we witnessed some profit booking at higher levels. Although, market saw a small dip towards the end, the Nifty managed to defend the 17200 mark on a closing basis. The expiry session started on a soft note and tested intraday support of 17150 in the opening trade itself. This small down tick was merely a formality as we saw Nifty recovering immediately to erase losses. During the remaining part of the session, index remained in a slender range with no clear direction. Indian shares were set on Friday for their best year since 2017, driven by an economic recovery from the pandemic-fueled slump and massive liquidity, even as a raging new COVID-19 variant and valuation concerns kept investors cautious towards the year-end. Global equities are closing out a strong year, driven by a U.S. surge while Asia lagged partly because of weakness in China on regulatory curbs and a slowing economy. Bond investors are nursing losses as many central banks move toward tighter monetary settings to fight inflation. How the coronavirus and those policy shifts shape economic reopening are key for the outlook. Sensex rose 459 points to close the year at 58253, while Nifty was up 150 points at 17354.

NIFTY: A STRONG SUPPORT WILL BE @ 16500; STRONG RESISTANCE LEVEL SEEN @ 17500

2021 has been a year of recovery, rehabilitation, and establishing a base for future growth. 2022 will be a little more volatile but will still be very good for equity investors in India. 2022 is very likely to be another year of good double-digit returns and continued wealth creation. Autos, Banks, and Capital goods, literally the A B C of equity markets, will be the most interesting sectors for 2022. On the technical front, overall structure looks positive for Nifty as it manages to sustain well above 17200 level on a closing basis for the last few sessions which is a positive sign for the index technically and we believe we can witness 17500 levels in near term. 17200 and 17500 are immediate support and resistance in Nifty. For Bank Nifty, 35000 and 36000 are immediate support and resistance.

TECHNICALLY SPEAKING

On the technical front, the index has been trading in falling channel formation and facing resistance from the upper band of formation crossing above the same can show upside rally in the counter. On the Four-Hourly Chart, the index has confirmed the bullish marubozu candle which suggests strength for an upcoming session. Moreover, the index has been trading above 21 & 50-HMA which suggests strength in the counter. However, A momentum indicator STOCHASTIC & MACD trading with a positive crossover on the daily time-frame.  At present, the index has support at 17150 levels, while resistance comes at 17450 levels, crossing above the same can show 17550-17700 levels. On the other hand, Bank Nifty has support at 34800 levels while resistance at 35800 levels.

Wednesday, November 24, 2021

NIFTY OUTLOOK FOR 24 NOV 2021

Pre-open session indicates decent opening gains for benchmark indices. The S&P BSE Sensex was at 58,836 levels, up 171 points at 9:07 AM while the Nifty50 eked out 46-point gain and was at 17,550.

Markets in morning session will be marginally positive.

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Resistance: 17700, 17800, 17900

Support: 17600, 17500, 17400

Monday, November 22, 2021

NIFTY OUTLOOK FOR 23 NOV 2021

At close, the Sensex was down 1,170.12 points, at 58,465.89, and the Nifty was down 348 points,at 17,416.50.All the sectoral indices ended in the red, with Nifty Bank, auto, energy and PSU bank indices down 2-4 percent.

Technical View

The Nifty formed a big bearish candle on the daily scale and formed lower highs-lower lows from the fourth straight session.If the Nifty remains below 17,500, weakness could continue towards 17,250 and 17,000, whereas upside hurdles exist at 17,650 and 17,777,.The short-term trend has been disrupted. If the momentum continues, the index can slide to 16,850. 

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Resistance: 17600, 17700, 17800

Support: 17500, 17400, 17300




Saturday, November 20, 2021

F&O expiry: Nifty to trade in (18200-17700) IN WEEK (22-26 NOV 2021)

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Weak listing of India’s largest IPO and soft global market amid rising inflation woes impacted domestic sentiment. In the context of a weak global market, contraction extended in metal and crude oil prices weighing down the Indian market. The auto sector was also under pressure as the industry reported weak festive sales numbers owing to poor demand for two-wheelers and supply shortage in semiconductors. Over the last few weeks, the Nifty has been stuck in a range . On the daily chart  the Nifty has once again moved below the 20-day SMA on Tuesday. In the process, the Nifty has corrected and broken its recent supports, implying the short-term bias is weak. The Nifty is likely to drift down further towards the next major supports of 17,905-17,798 in the very near term. Any pullback rallies could find resistance at 18,133. Index closed the week at 17,746 with loss of nearly two per cent and formed a bearish candle on weekly chart hinting weakness in the markets. Now next good support for the market is coming near 17,600 zone. If managed to hold above-said levels, one can expect a good pull back in the index again towards 18,000 mark but if failed to hold then we may see more drag down in Nifty towards 17300-17000 mark, the immediate hurdle is coming near 17830-17940 zone where one can again lock their gains in longs. The strategy which we are suggesting for the weekly expiry  is a Bearish strategyIn the week gone by, BSE Sensex fell 1,111to close at 59,575, while the Nifty50 rose 337 points  to close at 17,764 levels.

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Resistance: 18000, 18100, 18200

Support: 17950, 17850, 17750







Thursday, November 18, 2021

NIFTY UPDATE OF 18 NOV 2021

 Nifty  exhibited high volatility in trades on Thursday. The key indices witnessed wilted under severe selling pressure in the first-half of the day, before staging a partially mid-way, only to lose ground once again. Nifty    have recouped some of its losses in the last half-hour of trades or so on the back of renewed buying interest in banks and index heavyweight Reliance Industries. The BSE Sensex was down 375 points at 59,633, and the NSE Nifty had slipped 132 points to 17,767.One 97 communications, the parent company of digital payments major Paytm, made a weak stock market debut as its shares got listed at Rs 1,950, a 9 per cent discount against its issue price of Rs 2,150 on the National Stock Exchange  on Thursday. On the BSE, the stock opened at Rs 1,955 per share.

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Wednesday, November 17, 2021

NIFTY TREND FOR 18 NOV 2021

After a gap-down opening, the benchmark index continued the downside move throughout the day and settled at 17898 levels with a loss , while Bank Nifty slipped more than 200 points to close at 38041 levels. Technically, the index has formed a bearish candle on the daily time frame  which shows weakness in the counter. For the second straight day, Reliance Industries accounted for almost 50 per cent of the Sensex loss. The stock ended 2 per cent lower at Rs 2,462. Axis Bank and Kotak Bank were also down around 2 per cent each. On an hourly chart, the index has given a trend line breakdown, which points out some corrections. Furthermore, the index has given closing below 21 DMA as well as the stochastic indicator is trading negative crossover. At present, the index has support at 17750 levels, while resistance is at 18100 levels.

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Resistance: 18100, 18200, 18300

Support: 18000, 17900, 17800




Tuesday, November 16, 2021

NIFTY OUTLOOK FOR 17 NOV 2021

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Nifty ended on negative note on November 16  below 18000 dragged by the bank, pharma, oil & gas and metals stocks.Markets edged lower in a volatile session despite stable global cues. Finally, Nifty settled at 17,999  down by 0.6%. Amid all, a mixed trend was witnessed on the broader front wherein midcap ended lower and smallcap closed marginally in the green. On the technical front, markets are trading around the key support zone of ~ 18,000 levels and if it sustains above this level for a few more sessions, we can see a good up move in the near term. Immediate support and resistance in Nifty 50 is 17,850 and 18,250 respectively. Technically, the index has formed a bearish candle on the daily time frame, which shows weakness in the counter. On the hourly chart, the index has been trading with lower highs lower lows, which point out some corrections for the next trading session. 

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Resistance: 18100, 18200, 18300

Support: 18000, 17900, 17800



Saturday, June 5, 2021

WHAT WILL HAPPENED IN STOCK MARKET ON MONDAY 07 JUNE 2021 ???

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On the week ended Friday 04 June 2021 nifty formed a small bearish candle on the daily chart. The candle had a long lower wick, similar to the ones seen in the last couple of sessions, suggesting buying at lower levels. On the weekly scale, the index formed a bullish candle, third in a row. This was the fourth week when the index formed a higher high-low candle. Some indicators are sending out overbought signals and suggesting a lack of strength in this case index could face strong resistance at around 15750-15850 levels. Yesterday’s candle resembled a 'Hanging Man' pattern, which suggests the market is stretched on the upside. Some of the momentum oscillators on the weekly charts are in the overbought zone. Indicators like weekly RSI have failed to maintain a pace in line with the price chart, indicating negative divergence and a lack of strength in upward momentum. Even if the bulls managed to get past 15750, it can hardly add 150-200 points, as critical resistance seems to be placed around 15850 level. On Friday, the index closed at 15,670, down 20 points. On the weekly time frame, an MACD 'Hook' occurred. RSI has also moved above 60 and this underlying trend is strong. Weekly charts point out towards trend continuation to the 15750-15850 zone on the way towards 16200 as an achievable target. A MACD Hook occurs when the signal line attempts to penetrate or penetrate the MACD line and turns at the last movement. The level of 15650-15550 will act as good support. Any dip near the range will be buying opportunity for the immediate bounce towards the 15850 level, which will pose as an immediate hurdle zone. Any decisive close above that can quickly push the index towards the 16,000 mark.



Saturday, August 29, 2020

NIFTY WEEKLY REPORT FOR EXPIRY WEEK 31 AUG TO 4 SEP 2020

OFFER CLOSING ON 31 AUGUST 2020
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Thursday, August 6, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 7 AUGUST 2020

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No rate cut in RBI policy brings the spark back in the market, the Indian indices ended around 1% higher from its Wednesday close. The Sensex shut shop 362 points and closed at 38025 levels while the Nifty went 98 points northward and closed at 11200 mark. Bank Nifty index scaled 132 points up and closed at 21642 levels. Indian benchmark indices came off highs but still closed out a volatile day with gains, following RBI commentary regarding interest rate outlook. Although expectations of a rate cut were there, RBI kept rates on hold, following a rise in inflation. However, it has indicated that monetary policy will remain accommodate until growth revives. We believe that if inflation remains under control, there will be further policy easing from the central bank. With this event out of the way, markets expected to turn focus back on earnings visibility and quality.

Wednesday, August 5, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 6 AUGUST 2020

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Wednesday market ended on flat note, erasing the stellar gains made at open. Both Sensex and Nifty had topped their respective psychological levels intraday before giving in to the volatility during the session. The Sensex had hit the day's high of 38,140 points, but fell to the low of 37551. Sensex closed at 37,663 points, down 24 points from previous close while Nifty raised 6 points to settle at 11101. Nifty opened positive but failed to hold above 11225 levels and during the day it lost all its gains by drifting towards 11050 zones. However, it witnessed some bounce from lower levels and closed the session on a flat to positive note. Global cues were also positive while gold again jumped to record highs. Positive earnings reports are driving stocks and markets around the world, and the same trend is visible in the Indian markets too. Liquidity is a major driver for the markets and it is chasing companies which are declaring stable earnings or outlook. Uncertainties remain while in the near term markets will look forward to the commentary and RBI actions at the end of the MPC meeting tomorrow.

Thursday, July 30, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 31 JULY 2020

F&O July series expired in the red due to selling in the financial & energy stocks however, pharma and IT positive for the day. The Sensex slipped 335 points to settle at 37736 levels. Nifty ended at 11102 down 101 points. Global markets faded as a status quo in policy by the US Fed Reserve failed to offset tepid business outlook and resurgence in virus cases around the world. Investors will be looking at commentary emerging from today’s meeting between the PM and key economic regulators. Stock specific action expected to continue.

Wednesday, July 29, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 30 JULY 2020


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Nifty failed to continue its bullish momentum of the last session and witnessed selling pressure at higher levels. Markets traded volatile and settled with a cut of nearly 1%. After the initial uptick, nifty inched gradually lower as participants preferred to book some profit ahead of july monthly expiry tomorrow 30 July 2020. Besides, the existence of a critical hurdle around 11350 zone in the Nifty added to the pressure.Nifty has got stuck in range in between 11100 to 11350 zones and requires a decisive range breakout with follow up action to commence the next leg of rally. Now it has to continue to hold 11150 zones to extend its move towards 11355 then 11425 zones while on the downside key support exists at 11025 levels. Markets will react to the outcome of Fed meet in the early trade on Thursday i.e. 30 July 2020. The scheduled derivatives expiry combined with earnings would keep the participants on their toes. Indications are in the favor of further profit-taking in the nifty ahead so we advise booking profits in existing longs and wait for clarity to re-enter.
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Resistance: 11350, 11450, 11550
Support: 11150, 11050, 10950

Tuesday, July 28, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 29 JULY 2020

Bulls are back action, after a negative Monday closing, the stock markets today bounced back strongly posting significant gains in the day’s trade. Both the Sensex and Nifty were up by around 1.5% at the close. While the Sensex was trading at 38492, up by over 558 points at the end of day’s trade, the broader market Nifty closed at 11300, up by over 168 points. Going ahead, the FOMC meet outcome (on 29th July) would be one of the key events to watch out for. Besides, the key economic data points would provide more clarity on the recovery in the economy. On the domestic front, earnings announcements from companies and auto sales numbers would be on investors’ radar. We advise continuing with a positive yet cautious approach as Nifty is inching closer to the next hurdle at 10355 levels. But it can be summarized that we have crossed the range bound movement. The markets should now be headed to 11400-11500 levels. The new support the market needs to respect on the downside is 11150.
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Resistance: 11400, 11500, 11600
Support: 11150, 11050, 10950

Monday, July 27, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 28 JULY 2020

Market ended lower on Monday due to the massive slip in the banking stocks after a month or so. At close, Sensex ended 194 points to 37935 while the Nifty index ended at 11132, down 62 points. The banking index came in red after the Reserve Bank of India in its Financial Stability report forecast that bad loans could soar due to a rise in pandemic-led debt burdens. Because of the pandemic, loan growth has slowed and the moratorium has hit repayments. This is a double whammy for banks.

Monday, July 20, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 21 JULY 2020

Nifty is back to 11000 after 4 months of struggle. HDFC Bank's upbeat earnings helped market to move up in such difficult time where coronavirus cases are rising day by day. The Sensex closed the day up by 400 points at 37418 & Nifty closed the day up at 11022.
The earnings results declared so far have been positive, as the sectoral leaders, especially in the IT and banking sector, have emerged better than expected in a quarter that was considered to be a washout, in terms of business. Uptrend may continue but it will be stock specific and investors seem to be looking at the earnings commentary for further direction.