Showing posts with label option. Show all posts
Showing posts with label option. Show all posts

Monday, May 16, 2022

NIFTY OUTLOOK & TRADING TIPS FOR 17 MAY 2022

Markets traded in a narrow band for volatility and eventually settled slightly higher. Initially, the benchmark opened on an uptrend, being led by its global counterparts, but pressure from IT majors and select heavyweights from other sectors limited the upside. Sector indices traded mixed while trading was cautiously defensive. Meanwhile, the broader indices, mid-cap and small-cap, outperformed and kept participants engaged to the end. The recent spate of negative news has prompted investors to reduce their exposure to equities. At one point the benchmark indices were doing great, but profit-taking again caused the markets to pare most of their early gains to end marginally higher. The Indian benchmark indices finally ended their losing streak and ended the day on a positive note with Nifty closing at 15842 and Sensex closing at 52973. Investor sentiment was boosted after data released by CMIE suggested around 8.8 million people entered the labor market in April. However, indices soon reversed and entered negative territory amid weak Asian market signals due to a 2.9% yoy decline in China's industrial production. There are concerns that raising interest rates to dampen higher inflation could hurt growth and lead to a further correction. The Nifty has been range bound from 15765-15950 and the chart structure suggests a strong possibility of continuation of range bound activity in the near term. For the bulls, 15950/53300 would be the immediate resistance level and above that we could see a sharp intraday pullback rally to 16000-16100. On the other hand, 15750 could be the immediate support level and below the same odds of hitting 15700-15600 it would be bright. As markets closely follow global cues, the US markets rebound raises hopes for some domestic recovery as well. However, we recommend participants to proceed with a cautious stance until we see signs of a reversal in the Nifty Index. Sectors now offer trading opportunities on both sides, so the focus should be more on stock selection and risk management. The Nifty opened on a positive note, trying to build on early gains. On the higher side, however, it stumbled near the 16000 mark. Thus, the index oscillated throughout the day, eventually forming a doji pattern on the daily chart. This shows indecisiveness in the minds of market participants.  The index is expected to remain under pressure as long as it trades below 16,000. In this case, it can test the March low of 15671. On the other hand, if the bulls manage to clear 16,000 on a closing basis then the Nifty can make a bounce towards 16200-16250.

Resistance: 16000, 16200, 16500

Support: 15800, 15600, 15400

Saturday, May 14, 2022

NIFTY WEEKLY PREDICTION & TRADING TIPS FOR 16 MAY TO 20 MAY 2022

WEEKLY RESISTANCE FOR NIFTY: 16000, 16250, 16500

PIVOT POINT: 15750

WEEKLY SUPPORT FOR NIFTY:  15550, 15250, 15000

WEEKLY CHART FOR NIFTY


DAILY RESISTANCE FOR NIFTY: 15900, 16000, 16100

PIVOT POINT: 15800

DAILY SUPPORT FOR NIFTY:  15700, 15600, 16500

DAILY CHART FOR NIFTY










Our market started the week on a weak note, gapping lower, following weakness in global stock markets. Benchmark index Nifty50 tumbled in the first few hours to test odd levels below 16150, suggesting weaker sentiment. Gradually the market gained control of the decline and recovered from the lower bottoms to stem the initial loss and ended the day marginally lower at 16302. Indian equities started Tuesday's session subdued, led by the mixed global indicators, with the benchmark Nifty50 index seeing mild range-bound movement throughout. There was no significant movement in the primary index until a sell-off triggered by the end of the doldrums, which certainly showed the reluctance of market participants. After the lackluster session, Nifty ended the day in red down just 0.38%at 16240. Our market started Wednesday's session on a stable footing, led by the overnight rebound in the global market. The benchmark Nifty50 index saw a flat open that soon turned into a correction as a broad sell-off triggered and tested the 16000 odd zone at the bottom. The bear market intensified; However, the market is catching the fall in the second half and is beginning to fear cutting losses. The rebound was quite significant, with Nifty ending the day down just 0.45%, just above the 16150 level. The Indian stock market tumbled on Thursday, trailing global bourses, with the benchmark Nifty50 index underperforming since the start of the session the psychological mark of 16000 fell. Weakening macro factors have dampened overall sentiment as we witness relentless selling pressures in equities. The index ended the day down another 2.22%in red to settle at the 15808 level by weekly expiry. On Friday Indian markets started on a positive note but later wiped off all the gains in later half. Benchmark indices erased all the intraday gains and ended lower for the sixth consecutive session on May 13. At close, the Sensex was down 136 points at 52793, and the Nifty was down 25 points at 15782. In India, the CPI inflation in April 2022 surged to 7.79% (March 2022 : 6.95%), while March 2022 IIP growth remained subdued at 1.9% (February 2022: 1.5%).  FII’s continued their selling of Indian equities this week. Rising bond yields, high inflation levels and monetary policy tightening action by Central Banks globally will weigh on near term sentiments which could keep markets volatile. Stock specific action will continue due to ongoing result . However, the weakness seen in the banking sector triggered a late selloff. The US Fed cautioned against an aggressive policy stance in order to bring inflation under the Fed’s comfort zone of 2%.

NIFTY: A STRONG SUPPORT WILL BE @ 17400; STRONG RESISTANCE LEVEL SEEN @ 17800

For traders, 15700  would act as a key resistance level and below which the index could slip till 15500. However, 15900 would be the immediate trend reversal level for the bulls and above which we could see a strong pullback rally up to 16200-16500.

TECHNICALLY SPEAKING

Monday's session got off to a jittery start as global sentiment remained jittery over the weekend. The index remained range bound for the first half of the week and despite some challenges, Nifty managed to hold 16,000 on a closing basis. On Thursday, however, banking finally succumbed to the sell-off, taking Nifty below the psychological point to mark its lowest close in the last ten months. On Friday we started significantly higher on global relief; but once again our market failed to sustain higher levels and eventually wiped out all gains in the second half. As a result, Nifty again lost almost 4% on a weekly basis. Global macro factors have weighed heavily on financial markets around the world and we are certainly not spared. The oversold market is in denial mode to stage a small recovery; in fact Friday's rebound was fully sold near the end of the fag. That certainly doesn't bode well for the Bulls. The recent low of 15671 is not far from the current levels now and the moment we slide below it it will create some kind of panic situation in the market. Below that, 15350 - 15200 are the next levels to watch out for. On the other hand, 16000 - 16200 has now become a firm hurdle. The first signs of relief are only possible above these values. Until then, one should avoid trading aggressively in the market. Taking a look at the weekly timeframe chart, we can see a sheet anchor in the form of 89-EMA placed around 15600. . In the past, this moving average has proven its worth and cushioned severe price declines. It would be very interesting to see how the market behaves around him. Therefore, although the trend is currently sharply down, we advise investors with a slightly broader time frame to start nibbling on quality offers. With global factors fully driving the markets, traders should keep a close eye on all these developments. Technically, The Nifty has formed a bearish candle on the weekly chart, indicating downward movement for the upcoming session. Additionally, Nifty faced resistance from a rising trend line and showed selling pressure, a sign of selling at higher levels. Additionally, Nifty has been held below the neckline of the Head & Shoulder pattern, indicating the south direction for the upcoming session. However, momentum indicators MACD & Stochastic traded with a negative crossover and entered oversold territory. So far, however, there is no reversal sign. The Nifty could find support around the 15,700 level while 16,100 upside could serve as an immediate hurdle for the Nifty crossing above which it can attract fresh buying. On the other hand, Bank sent support at 32600 while resistance stands at 34000.

Wednesday, June 3, 2020

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 4 JUNE 2020

After so many ups & down since 13 march 2020 bulls bring back nifty to 10000 mark & hovered around 10075. Nifty took almost 46 session to reclaim 10,000 mark. The Sensex breached the 34000-mark and was trading over 300 points higher at 34100 levels. Nifty made a low of 7511 on 24 march 2020. This period saw strong volatility as the Covid-19 pandemic triggered a major disruption in businesses and normal life. Besides, trade tensions between the US and China, sustained selling by foreign institutional investors (FII) and volatility in crude oil prices added to the woes. Most index components contributed to the ongoing rally. However, State Bank of India (SBI) stood out as a non-performer. Shares of the public sector lender are still down nearly 5 % from its March 24 levels. All eyes are on SBI’s March quarter numbers now. The bank is projected to post 16% growth in net interest income and 34% expansion in pre-provision operating profit for the quarter. The results will be out on Friday, June 5.

Wednesday, May 8, 2019

OPTION CALL PUT TIPS FOR 9 MAY 2019

"BUY BANKNIFTY 29000 PUT 9 MAY @ 90 TGT 130/170"
"BUY DLF 160 PUT @ 6 TGT 7.5/8.5"
The market fell sharply in Wednesday's session, closing lower for a sixth session in a row. The Sensex plunged 488 points to end at 37789 and the Nifty slumped 138 points to close at 11359. The Sensex fell as much as 534 points during the session, and the Nifty declined to an intraday low of 11347. A combination of factors including worries over unsuccessful US-China trade negotiations impacting global growth prospects, profit-booking ahead of the outcome of general elections and below-par corporate earnings impacted the investor sentiment.

Thursday, March 20, 2014

NIFTY FUTURE OUTLOOK FOR FRIDAY

Market suddenly dropped towards downside.Very bearish momentum witnessed in market today. Today Market was too volatile … Nifty, scaling their record very low in morning trade. Nifty started with 6,530 made a high of 6,549 and low of 6,489.and closed at 6500..Today Nifty future moved in a range of 60 points throughout the day. If nifty sustains 6520 level then more uptrend can be witnessed. Bulls will try their best to take nifty below 6500. definitely some profit booking also lies on cards which can take market back to its comfortable zone of 6550-6580.

Thursday, January 30, 2014

MUST KNOW BEFORE TRADING IN NIFTY FOR 30 JAN 2014

  • The rupee recovered by eight paisa to 63.02 against the American currency in late morning trade today on fresh selling of dollars by banks ahead of the RBI policy meeting on Wednesday amidst firm equity market.
  • DOW JONES closed 189 points down  closed @ 15,738
  • NIKKIE closed 511  points down closed @ 14,872.
  • HANG SENG  closed 220 points down closed @ 21,921
  • RESULTS TODAY : ACC
To get free Nifty stock future and option tips enter your mobile number HERE