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.

NIFTY OUTLOOK FOR TUESDAY 21 JULY 2015

"BUY IFCI FUTURE ABOVE 25.7 TG 26.3/26.95 SL 24.9"
"BUY IDEA FUTURE ABOVE 185.4 TG 187.2/188.4 SL 182.7"
Local equity market extended previous week’s somberness to the fresh one and ended with loss, albeit slender of around one tenth of a percent that dragged Sensex below 28450 level, while Nifty managed to close above 8600 mark.  Market, in absence of any trigger, moved in a tight range throughout the session and ended the session flat with negative session. Much of the caution prevailed ahead of the monsoon session of parliament where key reforms such as land acquisition bill are expected to be presented. However, losses remained restricted on account of positive global set-up. The Sensex touched a low of 28320 - down 224 points from the day's high in intra-day deals. A late recovery in the market helped the index recoup some of the losses. The Sensex finally ended with a marginal loss of 43 points at 28420. The Nifty swung in a range of 65-odd points. The index from a high of 8624, slipped to a low of 8559, before recovering at close and settling at 8603 - down mere six points.

NIFTY FUTURE OUTLOOK FOR THE WEEK WAS & THE WEEK AHEAD

In this whole week bullish rally was witnessed there in the market. The market gained in four out of five trading sessions in the week just gone by. The rally has been fierce with foreign institutional investors infusing nearly $23 billion in the Indian markets so far in 2014, mainly betting on the reform agenda by the new government. 

• The market registered small losses after moving in a narrow range during the trading session on Monday, 14 July. The Sensex shed 17 points to settle at 25,006.
• The market snapped five-day losing streak on Tuesday, Sensex garnered 221 points to settle at 25,228 on Tuesday.
• On Wednesday 16 July a decent growth in India's merchandise exports in June 2014 triggered a rally on the domestic bourses . The Sensex garnered 321 points to settle at 25,549 on Wednesday.
• The market eked out small gains after moving in a narrow range in intraday trade on Thursday, 17 July. The Sensex garnered 11 points to settle at 25,561 on Thursday.
• The market edged higher in choppy session of trade on Friday, 18 July. The Sensex was up 80 points.