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

Monday, March 4, 2024

STOCKS TO BE IN YOUR WATCHLIST FOR 5 MARCH 2024

BEL

SAIL

PEL

SUNTV

BHEL

EICHERMOT

LALPATHLAB

INDIAMART

HINDCOPPER

NAUKRI

SBILIFE

MOTHERSON

NATIONALUM



 Feeling lost in the world of trading? Whether you're pondering buying or selling, or trying to grasp the ins and outs of calls and puts, we've got your back! Drop us a message on WhatsApp at 9039542248 📞📞, and let our knowledgeable team be your guiding light through the complexities of the market. 😇💡

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

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

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.

Friday, June 23, 2023

MARKET OUTLOOK OF 23 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

Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors. The stock market looked like a sea of red on Friday as selling was witnessed across the board. Investor sentiment was impacted by the global central banks' hawkish stance. Adani Group stocks tumbled. At close, the S&P BSE Sensex stood at 62,979.37, down 260 points while the NSE's Nifty ended at 18,665.50, down 106 points,Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said. However, the domestic market is not expected to experience a significant correction due to favorable domestic economic indicators and correction in international commodities prices to sustain earnings growth on a QoQ basis.Tata Motors was the biggest loser in the Sensex pack, skidding 1.77 per cent, followed by SBI, Power Grid, Tata Steel, Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and Maruti. On the other hand, IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and Sun Pharma were the gainers.

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:  18750, 18850, 19900  

Support: 18650, 18550, 18450

 

Thursday, June 22, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 23 JUNE 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 

Benchmark indices fell in early trade on Thursday, facing heavy volatility, amid emergence of profit-taking and negative trend in the US markets.From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the biggest laggards. Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank, HDFC, Maruti, ITC and Reliance Industries were among the major gainers. In Asian markets, Seoul quoted in the green, while Tokyo traded lower. The US markets ended in the negative territory on Wednesday. Weak global cues following a retreat on Wall Street after the Federal Reserve Chair indicated that inflation still isn't under control, Indian equity markets closed in the red on Thursday. Selling was seen across all sectors.The broader NSE Nifty dropped 85 points to end at 18,771 as investors turned cautious with benchmark indexes at near record levels...
WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPDATED ANY MINUTE...STAY TUNNED

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:  18850, 18950, 19100  

Support: 18750, 18650, 18550

Wednesday, June 21, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 22 JUNE 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

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

Saturday, June 17, 2023

NIFTY OUTLOOK FOR WEEK 19 JUN TO 23 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

Nifty formed a long positive candle with a small upper shadow on the daily chart on June 16, 2023 to indicate a breakout to the upside above the 18,800 level and closer to a new high above the 18887 level. Nifty has been making higher highs for the past 12 weeks and forming a bullish candle on the weekly frame. Now it needs to stay above 18775 zones to see an upward move towards 18850 and 19,000 zones while on the downside there is support at 18725 and 18675 zones. The India VIX was down 2.17% from 11.08 to 10.84. Volatility dropped, supporting the bulls at record high index levels. Options data points to a shift of a broader range between the 18550-19000 zones and an immediate range between the 18700-18900 zones.  Both Nifty and the hourly chart's RSI were able to observe a bullish triangle pattern that is able to sustain the strength. The MACD is seeing a bullish crossover which may give the index an additional boost going forward. Nifty traded within striking distance of its lifetime highs, closing comfortably above 18,800, which could push the index towards 19,000 in the coming days. Bank Nifty attempted to reverse the head and shoulders pattern formed on the daily chart on Friday. Once it breaks through 44300 and closes above, this pattern loses meaning. The 43600 puts sold at monthly expiry in June proved strong support for this index. Traders should hold onto bullish spreads and bullish positions for the next week and also look to open bullish short straddle positions in the money with compensation for next week's expiry.

STOCKS SUGGESTION TO TRADE ON 19 JUNE 2023

HDFCAMC 
LTIM 
MCX 
EXIDEIND 
BANDHANBK 
ASHOKLEY 
BEL 
COROMONDEL 
HDFCLIFE 
LICHSGFIN 
MFSL 
OFSS 
SBILIFE

Tuesday, May 30, 2023

8.00 PM STOCK PICKS FOR TOMORROW 31 MAY 2023

TO GET LIVE TRADING TIPS OR BUY/SELL LEVELS FOR THE BELOW STOCKS FILL THE FORM VISIT https://shorturl.at/bCFH4 


RBLBANK In general, a long-term investment is the way to go. But along the way, some stocks will perform poorly. Here's how the RBL Bank Limited (NSE:RBLBANK) share price managed to fall 70% over five long years. For true believers, that's no fun. On the other hand, the stock price is up 7.4% over the past week.

APOLLOTYRE Apollo Tires (NSE:APOLLOTYRE) could have the potential to be a multi-talent.For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Apollo Tyres.Therefore, Apollo Tyres has an ROCE of 9.8%. In absolute terms, that's a low return and it also under-performs the Auto Components industry average of 14%.

CHAMMBLFERT closed the day 2% down at 280.30....

BSOFT closed the day 1% down at 336...

INDIGO risen 2% 2368....

COFORGE close 11 points down at 4409....

HDFCLIFE closed 2% up at 589....

JSWSTEEL closed 3 points up at 705....

PFC closed 4% up at 181....

REC closed 3.3% up at 140....

SBICARD closed 1.23% up at 916....

TATACHEM 2 points down at 970....

TECHM closed 14 points down at 1099....

Saturday, December 17, 2022

NIFTY OUTLOOK FOR WEEK (19-23 )DEC 2022

FOR THE LIVE CALLS JOIN US ON WHATSAPP 9039542248

 The headline equity index Nifty formed a bearish candle on Friday with a long upper shadow on the daily chart, indicating a sell-on-rise market mood. Now, as long as it remains below 18350, areas of weakness include 18081 and 18000, while obstacles include 18350 and 18442. The data on options point to a shift in the trading range from 18000 to 18600 zones and an immediate range from 18100 to 18500 zones. From 13.73 to 14.07, the fear gauge index India VIX saw a 2.48 percent increase. After a long time, the market reacted sharply on the negative side, causing volatility to rise from its lows. On intraday charts, chart readers noted a double top reversal formation and a lower top formation on the daily scale, pointing to further downside from the current levels. We anticipate that the 50-day SMA or the 18100-18000 levels will serve as support for the index during the following week. On the other hand, the index could test the 20-day SMA or 18550 above 18400, which could serve as immediate resistance. The index could reach 18700 in the event of additional upward movement. According to the weekly chart, the Nifty may fall to the next significant support of 18100-18000 levels in the upcoming week after falling below the crucial immediate support of 18500 levels. 18450-18500 levels represent immediate resistance. On a closing basis, the nifty has now slipped below the crucial swing low of 18350. The price structure should suggest that the development does not bode well for the bulls. A close below this support raises the possibility of a week-long correction. Despite our bias, we are still unconvinced by this close. In the upcoming sessions, only a follow-through selling strategy may result in further weakness toward 18130-18000-17900. Regardless of whether this situation works out, we don't anticipate that the revision should bother underneath the lower end of this help range. As long as we are able to maintain this, the higher degree up trend does not change.


Monday, November 14, 2022

NIFTY OUTLOOK FOR 15 NOV 2022

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After a sharp bounce in the previous session, the Indian equity benchmarks ended lower on November 14 on mixed global cues, with the 30-pack Sensex closing 170  points  down at 61,624 and the Nifty 20  points lower at 18,329.The market opened flat and traded in the red for the most part of the session, finishing near the day's low. Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets. India's wholesale inflation dropped below forecasts, aided by a slowdown in the prices of manufactured goods and fuel & electricity. In absence of any major event, participants will be eyeing crucial macroeconomic data viz. CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on their radar. As we enter the last leg of the earnings season, companies like Biocon, Bharat Forge, Grasim, ONGC and IRCTC will announce their numbers along with several others. We’re gradually progressing towards the record high now, however, mixed signals from the global front are still keeping the momentum in check. Besides, we have not seen broad-based buying yet and participation from the index majors is also restricted.

 Resistance: 18300, 18350, 18440

Support: 18240, 18180, 18100

Saturday, November 12, 2022

NIFTY OUTLOOK FOR WEEK (14-11-2022 TO 18-11-2022)

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The Nifty50, as expected, witnessed a gap-up opening on November 11 and finally closed near a 13-month high. The index rallied more than 300 points, tracking a sharp uptrend in global counterparts after the US reported a softer-than-expected inflation print for October at 7.7 percent. This hinted at the possibility of less  rate hike by the US Federal Reserve in upcoming policy meetings .The index, which has formed a bullish candle on the daily charts, finally hit the 2022 high 18,350. Hence, if the index sustains above this level, then that may raise the possibility of Nifty inching towards a record high 18,604 in coming sessions, with the crucial support of the 18,000 mark.On the daily chart, the index has moved above the previous consolidation. The trend looks positive as long as the 18,300 level is held on a closing basis .On the higher end, it may move towards 18,600 over the near term. On the lower end, support is pegged at 18,200-18,000, he added. Overall, the trend is positive and  recommend buying on dips until key supports are breached.Bank Nifty also had a strong gap-up opening of 560 points at 42,163 and made a new record high of 42,345. The banking index rose 533 points to settle at 42,137. On the derivatives front, we have seen the highest Call open interest at 43,000 strike followed by 42,500 strike price while on the Put side, the highest open interest remained at 41,500 strike followed by 41,000 strike

Technically Speaking :Our markets consolidated in a range for most part of the week, but the Nifty index held above its support zone of 18000-17950 and resumed it uptrend on Friday. The global factors provided impetus and the way charts are shaped up, our markets seem to be gearing towards all-time high soon. The IT sector rallied higher on positive cues With a continuation of the Higher Top Higher Bottom structure, the support base for Nifty has now shifted to 18150 followed by 18000, while the momentum in the index heavyweights could lead the index towards 18500 followed by 18700 very soon. Hence, traders are advised to trade with a positive bias and look for buying opportunities from a short term perspective.

 




 

 

 

Wednesday, November 9, 2022

NIFTY OUTLOOK FOR 10 NOV 2022

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The Indian equity market broke two-day winning momentum and ended lower in a highly volatile session on November 9. The Sensex was down 151 at 61,033.55, while the Nifty was down 45 points at 18,157.Despite mixed global cues, the Indian market opened on a positive note .however, as the day progressed, the indices erased gains and turned negative with Sensex slipping below the 61,000 level. All eyes are now on the Inflation data expected this week as supply-side issues coupled with domestic demand would play a part given the way retail fuel prices have been behaving. Hindalco Industries, Power Grid Corp, Divis Labs, Tech Mahindra and Grasim Industries were among the top Nifty losers, while gainers were Adani Ports, Coal India, ITC, Dr Reddy’s Labs and Hero MotoCorp. Among sectors, except Nifty PSU Bank and FMCG, all other indices ended in the red with pharma, metal, auto and energy down. Nifty is currently in positive trend. If you are holding long positions then continue to hold with daily closing stop loss of 18030. Fresh short positions can be initiated if Nifty closes below  level 18030.

Resistance: 18160, 18250, 18340

Support: 18140, 18030, 17960

Wednesday, December 29, 2021

NIFTY OUTLOOK FOR 28 DEC 2021

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The bulls attempted to stretch their arms for yet another session however stumbled near the junction of a falling trendline & the 40 DEMA. The hourly momentum indicator, which was having negative divergence, didn’t support the bulls, thus dragging the index into the negative territory towards the end of the session. Market  ended lower in a choppy trading session today. Nifty closed -0.11% lower and Sensex closed -0.16% lower today. Strong buying is seen in selected pharma stocks while some selling pressure is seen in metal stocks today. At close, the Sensex was down 100 points at 57806, and the Nifty was down 19 points at 17213. On the technical front, overall structure looks positive for Nifty as it manages to sustain above 17210 level on a closing basis. 17100 and 17300 are immediate support and resistance in Nifty. For Bank Nifty, 34400 and 35400 are immediate support and resistance. 17235-17275 is the crucial level to look out for; this market can enter a bullish phase only if it closes above 17275. Until then the markets would be sideways and choppy.  17100 is good support for the index and a break of that will result in a re-entry into the medium-term bear market. It is a wait-and-watch situation: 16900 on the downside and 17400 on the upside.

Resistance: 17250, 17350, 17450

Support: 17150, 17050, 16950  

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.

FOR MORE NIFTY UPDATES PLEASE  FILL THE FORM->>>>

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Saturday, December 26, 2020

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 28 DEC TO 1 JAN 2021

WEEKLY RESISTANCE FOR NIFTY: 13850, 14000,14200

PIVOT POINT: 13700

WEEKLY SUPPORT FOR NIFTY:  13600, 13400, 13200

WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 13800, 13900, 14000

PIVOT POINT: 13750

DAILY SUPPORT FOR NIFTY:  13700, 13650, 13600

DAILY CHART FOR NIFTY


We threatened the lower end of the range by piercing 13300 on weekly basis but the Nifty was quick to bounce back to close above it 13700. Monday Bears took the charge Indian markets fell sharply today, snapping its recent record-breaking streak. The Sensex ended over 1400 points lower at 45553 after sliding over 2,000 points at day's low. The Nifty ended 3.2% lower at 13328. Tuesday Indian stock market rebound and ended with gains of ~1%, after the sharp decline in the previous session. It opened with an uptick amid mixed global cues and hovered in a range in the first half. However, healthy buying in the IT and pharma majors combined with some recovery in the other sectors helped the market to pare intraday losses and settle around the day’s high as well. Consequently, the Nifty ended around 13466 levels; up by 1%. The markets too witnessed recovery and both the midcap and smallcap index posted decent gains. Market continued to move higher on Wednesday. sensex closed the day’s trade with 46444 while nifty regained 13600 levels. : Domestic equity markets continued scaling higher on Thursday morning. Sensex zoomed to cross 46800 while the Nifty 50 was just above 13700.

NIFTY: A STRONG SUPPORT WILL BE @ 13000; STRONG RESISTANCE LEVEL SEEN @14000

Nifty has to hold above 13500 zones to witness a bullish bias towards life time high of 13750-13777 zones while on the downside major support exists at 13333 and 13131 levels. Overall trend is likely to be with buy on declines strategy. Option traders are suggested to be with positive bias for an up move towards 13700 zones. Buy nearby 13600 Call or Bull Call Ladder Spread.

Trading Range: Expected wider trading range: 13500 to 13700 zones.

TECHNICALLY SPEAKING.

 This has been a short but eventful week with wide gyration in stock prices. After the sharp correction seen on Monday prices have recovered in the last three days. Monthly expiry has also contributed to the higher volatility. Nifty’s closing near the previous week high indicates strong rollovers on the back of healthy FII flows seen this month. We can expect muted FII activity in the next week also due to year end phenomenon but expect activity to pick up sharply from the first week of January. Most probably Nifty should take support at 13000 levels with likely break out above the 14,000 level sometime in January.

Monday, December 21, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 22 DEC 2020

Bears took the charge Indian markets fell sharply today, snapping its recent record-breaking streak. The Sensex ended over 1400 points lower at 45553 after sliding over 2,000 points at day's low. The Nifty ended 3.2% lower at 13328 with broader markets also seeing a big selloff. The BSE midcap and smallcap indices slumped over 4% each. Though many analysts were expecting a consolidation after the recent upmove, the intensity of today's crash took everyone by surprise. The new variant of the coronavirus in the UK spooked markets as we witnessed intense selling in pivotal throughout afternoon trade. While the Street was bracing for a correction this week after a sharp upmove, the sheer velocity of the fall across broader markets took the bulls by surprise as practically none of the key indices constituents were in the green today.

We threatened the lower end of the range by piercing 13300 on an intraday basis but the Nifty was quick to bounce back to close above it. If the level of 13300 is breached, we can slide down to targets closer to 11250-11200. The resistance on the upside is at 13400.

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Resistance: 13350, 13400, 13450

Support: 13250, 13200, 13150

Friday, December 18, 2020

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 21 DEC TO 25 DEC 2020


WEEKLY RESISTANCE FOR NIFTY: 13800, 13900,14000

PIVOT POINT: 13700

WEEKLY SUPPORT FOR NIFTY:  13600, 13500, 13400

WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 13775, 13825, 13875

PIVOT POINT: 13750


The merry run continues across the globe and it’s been nearly one and half months now, markets are just continuing their gravity defying moves. This week, our markets kickstarted the week on a flat note but immediately resumed its upward momentum. For the subsequent two trading sessions, the rally continued and in the process, Nifty kept posting new record highs one after another. The similar sort of one sided move was missing in the latter half of the week as markets saw some volatile swings to test the 13800 mark. Our markets started the week marginally higher following the positive global cues. However, the index consolidated within a range for most part of the day and managed to close with gains of one-third of a percent. Tuesday global markets witnessed some correction and in line with that, Nifty was hinting at a probability of negative opening. However, the indices opened on a flat note and then corrected in the first couple of hours upto 13450 mark. But once again, the intraday day dip got bought into and we then witnessed a smart recovery in the later half to erase all losses and end the day on a flat note. Wednesday the U.S. markets ended with gains of over a percent and the Asian markets too were trading with a positive bias in morning. These positive cues from the global markets led to a gap up opening in Nifty to continue to post new record and end with gains of over 100 points at 13683. Thursday We had a positive start on the indices above the 13700 mark for the first time and it continued its positive bias to end the weekly expiry with gains of about half a percent. Friday market benchmarks  sensex and nifty were trading volatile on Friday. Sensex was hovering around 46900, while Nifty was ruling above 13500.

NIFTY: A STRONG SUPPORT WILL BE @ 13600; STRONG RESISTANCE LEVEL SEEN @14000

The short-term trend of Nifty continues to be rangebound with a positive bias and a similar type of movement is expected in the coming session. The upside target for the Nifty remains around 13,900-14,000 levels, which corresponds to multiple long-term trendline resistance. Immediate support is placed at 13600.

TECHNICALLY SPEAKING.

Nifty managed to close tad above 13750 on Friday with weekly gains of nearly two percent. This week, our markets reached yet another milestone of 13750 with ease and few heavyweight themes did well to guide markets at new record highs. Since we are trading in an uncharted territory, sky's the limit for our market; but in our sense, we have now reached the extreme zone, at least for the current vertical move. With a broader view, 14000 and beyond levels are very much possible, but for a time being; 13500 - 13600 are the extreme levels as per few key Fibonacci ratios. Let's see why these levels are considered important. The 'Golden Ratio' (161%) on the 'Price Extension' of the recent previous up move is placed at current levels. This level coincides with the 200% ‘Price Extension’ of the first up leg from March lows. More importantly, if we connect all important highs from March 2015 on the monthly chart, we can see a 'Multi-year Upward Sloping Trend Line' precisely converging around the same levels. Hence, some cooling off around this crucial junction cannot be ruled out. Yes, we agree to the fact that a strong trend up or down, doesn't necessarily follow any theory. But there is no harm being a bit conservative at times. Hence, since the last 3 - 4 days, we have been continuously advising booking profits in the rally and avoiding aggressive bets overnight. On the daily chart, we can now see a ‘Dragonfly Doji’ pattern and with the last two day’s intraday swings, 13500 has become a crucial support. The moment Nifty slides and sustains below this point (which is possible anytime soon), we would see the market experiencing some decent profit booking towards 13300 – 13000 in days to come.

Thursday, December 17, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 18 DEC 2020

Bulls continued to march upwards on Thursday with the sensex rising over 200 points amid gains in financial stocks. The Nifty closed at 13740, while the Sensex ended 0.48% higher at 46,890. At its session high, the Sensex was about seven points shy of crossing the 47000 level for the first time. Both the indexes have posted six consecutive weekly gains, boosted by record

Friday, October 23, 2020

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 26 OCT TO 30 OCT 2020

TO GET LIVE TRADING TIPS FOR STOCK FUTURE NIFTY FUTURE STOCK CASH NIFTY OPTION STRATEGY WHATSAPP ON 9039542248

WEEKLY RESISTANCE FOR NIFTY: 12000, 12100,12200

PIVOT POINT: 11900

WEEKLY SUPPORT FOR NIFTY:  11800, 11700, 11600

WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 12000, 12050,12100

PIVOT POINT: 11930

DAILY SUPPORT FOR NIFTY:  11900, 11850, 11800

DAILY CHART FOR NIFTY

The Asian markets were trading with a positive bias on Monday morning which led to an optimistic sentiment and hence, our markets too started the week with a gap up. Nifty then consolidated within a range throughout the day and ended with gains of almost a percent at 11873. On Tuesday Nifty opened on a flat note and moved higher till noon up to 11950. However, the index then gave up the intraday gains and consolidated within a range to end the day tad below 11900. Wednesday our markets started the session with a gap up opening, courtesy to the banking stocks which continued with its positive momentum. The midcaps too joined the upmove and thus, it looked that the index will take out the 12000 mark easily to kick start the next leg of upmove. However, in the later half, the index suddenly nosedived and within no time, Nifty sneaked below 11800 from 12000 mark. But it was not over yet, the index showed a V-shaped recovery in the last hour and ended this highly volatile session well above 11900. The global cues were marginally negative in the Thursday morning and in line with that, Nifty started the session below 11900. The index oscillated within a narrow range throughout the session and ended the weekly expiry day tad below 11900 mark. Friday Sensex gained 127 points to settle at 40686 levels while Nifty ended at 11930, up 34 points. 
NIFTY: A STRONG SUPPORT WILL BE @ 11700; STRONG RESISTANCE LEVEL SEEN @12200
If we observe the chart of the Nifty, it seems to be poised for a breakout from the recent consolidation phase. On looking at the charts, it seems to be a high probability of the index breaking in upward direction, but traders are advised to wait for a confirmation to place aggressive bets in the midcaps. As far as Nifty levels are concerned, 12000-12200 continues to be immediate resistance zone and the next leg of upmove would be seen only on a move beyond the same. So traders are advised to keep a tab on the both the indices as a breakout in both the indices simultaneously should lead to a good upmove in the broader markets. On the flipside, 11700 has become a sacrosanct and if the index breaks that, then it could result into profit booking in the market.
TECHNICALLY SPEAKING
This week’s price action can be divided into two parts where the first half was more of a consolidation with no major movement and the latter one brought some volatility in the market. We managed to clock the psychological mark of 12000 but failed to sustain there. In fact, due to sudden sell off in global markets on Thursday on the fears of a second wave of coronavirus hitting the major European countries, we witnessed a sharp decline in our markets. Fortunately, there was no follow through to this as we saw modest recovery to end the week well above 11700. In the last couple of weeks, we have seen a remarkable recovery in our market after testing the 200-SMA level of 10800. Since the move was extremely swift and markets had a winning streak of 10 straight sessions before Thursday, any uncertainty was likely to trigger profit booking and this is exactly what we have seen. Now, purely looking at charts, this down move should only be interpreted as a pull back towards the recent trend line breakout points. This coincides with the 20-day EMA level of 11600. Hence, all eyes would be on this level in the forthcoming week. However, since the fall has to do with the global uncertainty, it would be important to see how things pan out there and if things worsen, we may see the market correcting further. A close below 11600 would apply brakes on the recent optimism and we may then see some extended correction in the market. Till then there is no reason to worry as we may see markets resuming the strength beyond 11850-11900 to surpass the 12000 mark convincingly. In the week gone by, we witnessed some sectoral shift in the market in the second half. The recent outperforming IT space had seen some decent profit booking along with Reliance; whereas on the other side, the banking which was considered to be a laggard has shown some serious strength to support the market. Hence going ahead, if Nifty has to resume the uptrend, the banking clearly plays a vital role in this. Apart from this, Midcaps are yet to perform and hence, the breakout in this index should bring back some excitement in the traders’ fraternity. 

Friday, October 16, 2020

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 19 OCT TO 23 OCT 2020

WEEKLY RESISTANCE FOR NIFTY: 11800, 12000,12200

PIVOT POINT: 11700

WEEKLY SUPPORT FOR NIFTY:  11500, 11300, 11100

WEEKLY CHART FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 11800, 11900,12000

PIVOT POINT: 11700


Trading for the week started with a good upside gap as indicated by the Nifty early in the morning. Within the first five minutes of trade, Nifty conquered the milestone of 12000, which is the outcome of the stupendous recovery from the March lows in such a short span. In fact, in the last couple of weeks also, we had a remarkable rally after testing the 200-day SMA around 10800. Post the initial hour, the market witnessed some profit booking at higher levels, which was then followed by a consolidation to conclude the day on a flat note. Tuesday morning, global cues were sluggish and hence, we had a flat opening in the absence of any triggers. Subsequently, Nifty vacillated within the narrow band of 11900 – 12000 throughout the remaining part of the session. In fact, the overall movement was so choppy; the market was unable to hold any direction. Eventually, the day ended on a muted note and Nifty managed to hold the 11900 mark convincingly. Wednesday, global cues were a bit subdued early in the morning and despite this, our markets opened lower and then extended losses as the day progressed. The weakness was mainly led by the IT counters that were experiencing heavy profit taking after a recent relentless run. Then banking joined hands to drag the markets lower. But all of a sudden at the stroke of the penultimate hour, markets just took off and financials were the major charioteer to this late surge. Eventually, Nifty not only recouped losses but also ended well inside the positive territory. Despite unfavorable global cues, we kick started the Thursday session at the seven month high above 12000. However this gap up opening turned out to be a formality as we came off sharply in the initial trades. Markets stabilized from the hiccup; courtesy to complete recovery in banking stocks. Once again, this rebound got sold into which then became a nightmare for the bulls post the midsession as markets took a complete nosedive on the fears of a second wave of coronavirus hitting major European countries. This resulted in a similar trading session we witnessed on 31st August to mark more than a couple of percent losses.

NIFTY: A STRONG SUPPORT WILL BE @ 11500; STRONG RESISTANCE LEVEL SEEN @12200

As far as levels are concerned, the base has shifted higher and the previous resistance area of 11700 – 11800 should now be treated as a strong support. On the flipside, we are very much close to the psychological mark of 12000. The moment it’s taken out, we may see a steady move towards 12200 – 12400 levels. Since, the banking index is back to 200-day SMA on the daily chart and the way it closed with complete gush in the space, a move beyond 24000 would provide strong support to the benchmark index. However, we would like to highlight that since the move is extremely swift, anytime we can see some intraday profit booking and hence, one needs to position accordingly and be very fussy in stock selection.

TECHNICALLY SPEAKING.

In the last couple of weeks’ rally, global markets played the major part as we are seeing some gravity defying moves despite some in between uncertainty. Initially, in our recovery mode, we were a bit skeptical but in the first half of the week, we had to admit the miss and eventually started participating in the move. The way Nifty surpassed the 31st August high of 11794 with some authority and is now within the kissing distance of 12000, the positivity is likely to extend further. Importantly, the banking space which was following the benchmark in the entire recovery finally showed some dominance on Friday. This factor is very much in favor of the bulls, which may provide impetus for the extended rally. it will be then considered as a healthy rally. Let see how things pan out in the next couple of sessions.  ‘Bearish Engulfing’ pattern at the top was something very similar to what Nifty50 witnessed on August 31 at the 11,800 level. August’s candle was followed by a significant decline in the index towards the 10,800 level, he said.

Friday, October 9, 2020

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 12 OCT TO 16 OCT 2020

WEEKLY RESISTANCE FOR NIFTY: 12000, 12200,12400

PIVOT POINT: 11900

WEEKLY SUPPORT FOR NIFTY:  11700, 11500, 11300

WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 11950, 12050,12150

PIVOT POINT: 11900

DAILY SUPPORT FOR NIFTY:  11800, 11700, 11600

DAILY CHART FOR NIFTY

Nifty continued with its previous week’s momentum and started the week with another gap up opening. The index surpassed the 11500 mark and rallied to register a high of around 11580. At noon, we saw some tentativeness and the index corrected back upto 11450, but then we again saw some pullback at the end and Nifty reclaimed 11500 mark at the close. Positive cues from the global markets led to another gap up opening for Nifty on Tuesday. Post the gap up, the index consolidated in a range for most part of the session and then it rallied higher in the last hour of the session to end at its highest close in last seven months. In spite of the sluggish cues from the global markets, Nifty started the Wednesday session on a positive note and surpassed the 11700 mark. Post a surge in the first hour of the trade, the index consolidated with a positive bias throughout the session and ended at new seven month high. Nifty started the Thursday session with another gap up opening well above the 11800 mark. It continued the momentum and even tested 11900; however, some profit booking was seen in the penultimate hour due to which the index gave up some of the gains and ended around the opening levels, up by almost 100 points. The rally continued on the seventh straight day on October 9 with Nifty closing above 11900 and Sensex added over 300 points.   Sensex and Nifty ended near the day's high mainly supported by the banking names after Reserve Bank of India kept the Repo Rate unchanged at 4% and continued with the accommodative stance.   At close, the Sensex was up 326.82 points at 40509, and the Nifty was up 79 points at 11914

NIFTY: A STRONG SUPPORT WILL BE @ 11500; STRONG RESISTANCE LEVEL SEEN @12200

We are entering into the weekend with a strong closing where the Nifty is not very far from the 12000 price mark! 12200-12300 is a potential target which the index is capable of achieving during the course of this month. 11500 is a good support level.

TECHNICALLY SPEAKING.

Nifty on the weekly chart formed a long bull candle and the whole chart pattern now indicate a larger positive sequence of higher tops and bottoms. Hence, more upside could be in store in the near term to form a yet another higher top reversal at the new swing highs. The underlying trend of Nifty continues to be positive. The overall chart pattern signal more upside for the market in the near term. The upside targets to be watched for the coming week at 12200. Immediate support is placed at 11700.