NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 09 JUL 2019

BUY HINDALCO 195 PUT @ 3.8 TGT 4.8/6

BUY GLENMARK 460 CALL @ 7 TGT 11/15

Worst ever crash of the year 2019. The Sensex and Nifty posted their worst single-day fall of 2019 as investor sentiment was spooked by the Budget proposals. The Finance Bill which was tabled in the parliament by the country's first full-time woman Finance Minister Nirmala Sitharaman called for increasing the minimum public shareholding for all listed companies to 35% from the current limit of 25%, threatening a wave of new issuances. Apart from increasing the public shareholding, the Budget for full financial year 2019-20 also called for imposing 20% tax on share buy backs and also raised the tax incidence for foreign portfolio investors and high net-worth individuals. The Sensex slumped as much as 907 points to touch intraday low of 38605 and Nifty dropped 287 points to hit intraday low of 11523. From the stock market’s point of view, this budget is at best a hogwash. Looks like, the government treats investing in line with cigarette and alcohol use. That's why it finds reason to impose taxes on equity in some form or other. This year, instead of abolishing taxes on dividend, it has imposed a tax on share buybacks. Both are ridiculous, because both are exercised with tax-paid money. Dividend instantly gives expensive money in the hands of investors, while buyback creates value.

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 8 JUL TO 12 JUL 2019

WEEKLY RESISTANCE FOR NIFTY: 11900, 11950, 12000

 PIVOT POINT: 11800

WEEKLY SUPPORT FOR NIFTY:  11750, 11700, 11650

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11850,11900,11950

PIVOT POINT:11815

DAILY SUPPORT FOR NIFTY :  11775,11725,11675
DAILY CHART FOR NIFTY

 Nifty finally managed to close above 11800 mark. We had a head start for the current week and with Union Budget scheduled on 5 july  2019. Monday morning, there was a complete sea of green in all equity markets across the globe, mainly on the back of some positive developments with respect to US-China trade war over the weekend. Our markets too had a rub off effect of this and as a result, we opened higher well above the 11800 mark. This was followed by a consolidation throughout the remaining part; but the bias remained strongly bullish as we witnessed a series of higher highs higher lows to conclude with over six tenths of a percent gains. Tuesday, our markets started on a positive note owing to global cues. However it was merely a formality as we saw index sliding into a negative territory in the initial trades and in the process went on to test the psychological support of 11800 (low 11815). In line with recent pattern, this the dip was construed as a buying opportunity which accelerated in the latter half to not only reclaim the positive territory but also to conclude the session above the 11900 mark. Wednesday our markets opened higher in-line with what Nifty had indicated. After initial hiccups, index settled above the 11900 mark and then gradually extended the early morning lead. However, some profit booking was witnessed at the stroke of the final hour, which pared down major portion of gains to conclude with negligible gains.  Thursday also had a gap up opening; however the margin has not been so great. During the day, we witnessed completely lackluster moves as there was no participation seen ahead of the major event (Budget). Some small swings were seen in the final hour; but it was certainly not a notable movement. Hence, Nifty eventually ended tad below the 11950 mark by adding one fourth of a percent to the previous close. On Friday Market came down after Union finance minister Nirmala Sitharaman presented her maiden budget. The sensex dropped nearly 450 points, while the Nifty tested 11800-levels as soon as the Budget speech was over. Sensex crashed 450 points 39459; and Nifty moved 143 points or lower to 11804.

NIFTY: A STRONG SUPPORT WILL BE @ 11590; STRONG RESISTANCE LEVEL SEEN @12000

NIFTY OPTION CALL ACHIEVED TARGET

 NIFTY 11950 11 JUL CALL GIVEN YESTERDAY ACHIEVED 1ST TGT 110  CONTINUE TO HOLD FOR FINAL TGT 

TO GET TOMORROW'S BUDGET SESSION CALLS WHATSAPP 9039542248 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 4 JUL 2019

BUDGET IS AHEAD... TO TRADE IN BUDGET SESSION CALLS WHATSAPP ON  9039542248

BUY NIFTY 11950 11 JUL CALL @ 90 TGT 110/130

Wednesday's range bound trading session ended on negative note as investors remained on the sidelines a day before the new government tables the Economic Survey in the Parliament on Thursday, July 4.  Nifty  ended marginally higher in the volatile with Nifty able to hold 11900. At close Sensex was up 22 points at 39839, while Nifty was up 6 points at 11916.

Nifty remains in a structural uptrend and is expected to scale new highs. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 3 JUL 2019

"NIFTY 11900  CALL 4 JUL PUT ACHIEVED 1ST TGT 55 CONTINUE TO HOLD FOR FINAL TGT"

BUDGET IS AHEAD... TO TRADE IN BUDGET SESSION CALLS WHATSAPP ON  9039542248

Bulls are back on the driver seat in Tuesday's session Sensex advances 130 pts, Nifty successfully closed above 11900 mark. Market sentiments were boosted on optimism ahead of Budget 2019 scheduled to be presented later this week.  The Sensex gained 129 points to close at 39816 and the Nifty climbed 44 points to 11910 but the market breadth was balanced.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 2 JUL 2019

"BUY NIFTY 11900  CALL 4 JUL @ 45 TGT 55/70"

"BUY RELINFRA 40 PUT @ 2.7 TGT 3.2/3.7"

Market ended with strong gains on Monday tracking global markets as the US-China announced resumption of trade talks after a meeting between US president Donald Trump and his Chinese counterpart Xi Jinping. The Sensex ended almost 300 points higher, while the Nifty settled above 11850. The Sensex ended 291 points up at 39686, while Nifty was up 76 points at 11865.

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 1 JUL TO 5 JUL 2019

WEEKLY RESISTANCE FOR NIFTY: 11900, 11950, 12000

 PIVOT POINT: 11800

WEEKLY SUPPORT FOR NIFTY:  11750, 11700, 11650

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11850,11900,11950

PIVOT POINT:11815

DAILY SUPPORT FOR NIFTY :  11775,11725,11675

DAILY CHART FOR NIFTY

The global set up has been excellent throughout the week, in fact, US markets hastened towards all-time highs after recent under performance. However, we failed to capitalize on this positive development as some of the domestic wounds still continues to hurt us badly. Barring Thursday’s session, there was no respite in our markets. Fortunately, despite various attempts to breach 11650, our benchmark managed to defend key levels and went on to confirm a weekly close tad above the 11800 mark. Tracking the mixed cues from the Asian peers, Nifty started the week on a flat note then consolidated in a range throughout the day and ended around the 11700 mark. ON Tuesday some of the Asian peers were trading with decent cuts before our market opened. The Nifty hinted at marginal negative opening and in line with the same, Nifty traded with a negative bias post few minutes of opening. However, the Nifty once again reverted higher from the support of 11650 and it then rallied higher throughout the session to end around the 11800 mark. Similar to the Tuesday’s session, the index opened marginally negative on Wednesday and the opening weakness was seen as a buying opportunity by market participants. The indices rallied higher from the opening ticks and traded with a positive bias throughout the session to end around the 11850 mark. Post opening on a flat note, the Nifty continued its positive momentum and rallied higher to surpass the 11900 mark in Thursday’s session. However, the index corrected from the highs in the last hour of the F&O expiry session and wiped off the intraday gains to end on a flat note. On Friday’s the Sensex was trading 80 points lower at 39505 levels, with IndusInd Bank, YES Bank, Vedanta, Tata Steel, and ICICI Bank among the top losers. The broader Nifty50 index slipped 25 points, to hover around 11,816 levels.

EXPECTATION FROM BUDGET 2019

The expectations are running high this time around as well – largely on two factors. This will be the maiden Budget of the newly appointed Finance Minister Nirmala Sitharaman, and secondly, the Indian economy is showing signs of a slowdown.

A big bang Budget is what the Street is expecting from the Finance Minister. Investors will keep an eye on the Fiscal deficit objectives of the government (3.4 percent of GDP), change in market borrowing plans, and any revisions in tax revenues.

Expectations from the new government’s full Budget for 2019

Reduction in STT or restoration of rebate

Financial Sector reforms

DBT, Waivers, and Increase in short term loans up to Rs 1 Lakh

Plug GST leakages and increase collection

Divestment

Road map to Direct Tax Code

The larger picture today is that the government needs to revive growth, generate tax revenues, provide consumption subsidy to rural farmers, reduce tax rates for taxpayers and businesses, and incentivise investors to promote investment in capital markets and real estate. Given the lower than expected GST collections, the government also needs to identify causes for the shortfall in revenue collections. This may entail a restructuring of the GST structure. Some of these objectives are clearly at odds with each other; for instance, growth in tax revenues and tax cuts, fiscal discipline, and growth in revenues, etc.

NIFTY: A STRONG SUPPORT WILL BE @ 11650; STRONG RESISTANCE LEVEL SEEN @12000

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 28 JUN 2019

A lackluster trading session ended on flat note.  Nifty opened on a positive note, but failed to sustain levels above 11900 and corrected in second half of the trading session & closed the day below 11850 at 11841.  Healthy environment was developed ahead of the G20 meet. Today we have a pause in the momentum awaiting its final outcome this weekend. This hope and positive trend will continue in the short-term supported by domestic tailwinds like budget stimulus & Q1FY20 results.