NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 2 JUL 2019

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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.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 26 JUN 2019

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Bulls are back in action & took nifty above 11800 mark but closed at 11796.  Market sentiments were lifted by gains in heavyweights like Reliance Industries and HDFC. At close, the Sensex was up 311 points at 39434, while Nifty was up 96 points 11796. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 25 JUN 2019

Nifty on Monday failed to hold above the 11700 mark by a whisker and ended at 11699. 

During the day, the index tested its 50 DMA, before ending the session with an indecisive ‘Spinning Top’ candle on the daily chart. The  Sensex and Nifty fell for second straight day led by declines in energy and oil & gas shares. The Sensex ended 72 points lower at 39123 and the nifty fell 24 points to close at 11700.

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 24 JUN TO 28 JUN 19

WEEKLY RESISTANCE FOR NIFTY: 11850, 11950, 12050

 PIVOT POINT: 11750

WEEKLY SUPPORT FOR NIFTY:  11600, 11550, 11500

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11800,11850,11900

PIVOT POINT:11700

DAILY SUPPORT FOR NIFTY :  11650,11600,11550

DAILY CHART FOR NIFTY

It was yet another week of consolidation for our markets in the absence of major triggers. Index started off well with some hope of surpassing the stiff hurdle of 12000, but once again the attempt turned unsuccessful. During the remaining part of the week, index kept vacillating around the lower band of the range to eventually conclude tad above the 11800 mark. Although it was a week of consolidation for our markets, the overall bias remained on the negative side and hence, any intra-week pull back was getting sold into. Now, with this price development we can see the trading range getting shrunk further and whenever this happens, soon we get a breakout (on the either side) from the congestion zone. On the lower side, 11770 is the level to watch out for. Any sustainable move below this would trigger sell off to head towards 11625-11555 levels. However, looking at the broader picture, we are still hopeful and expect the market to breakout in the upward direction. On the higher side, 11955-12000 has become a sturdy wall. At this juncture, the pragmatic strategy would be to stay light and wait for breakout from the mentioned range to create aggressive positions .  Monday morning, the global set up looked a bit encouraging and hence, in-line with Asian peers, we started proceedings for the week slightly higher after Friday’s tail end correction. However, it was merely a formality as we saw index correcting immediately to pare the opening lead. This was followed by a continuous decline throughout the remaining part to eventually conclude well below the 11700 mark. Monday’s sharp selloff was followed by a flat opening in our markets on Tuesday. The index then witnessed a range bound trading with a positive bias for the first half. The second half was however very volatile as we witnessed volatile swings on both sides with butchering seen in many midcap counters. The index eventually ended near the opening levels with marginal gains of 0.17% tad below 11700 levels. Wednesday, our markets witnessed a roller coaster move with wild swings seen on both sides of the trend. The index started with a gap up opening which got extended to test the 11800 mark however in the midsession we witnessed a sharp selloff which dragged Index to mark intraday low of 11625. During the said selloff there was carnage seen in many midcap counters. Eventually quite similar to the previous session Index witnessed a strong bout of buying in the last half an hour to push prices higher to close unchanged at 11691. Despite Nifty suggesting a positive start, we had a gap down opening to surprise most of the market participants on Thursday. There was some nervousness seen in the initial trade, but all of a sudden strong buying emerged at lower levels which not only continued but also accelerated as the day progressed. In this course of action, Nifty went on to thrash all intraday hurdles and eventually concluded the weekly expiry well above the 11800 mark by clocking smart rally of more than a percent. Market ended lower on Friday, wiping out previous session's gains, amid weakness in auto stocks, as uncertainty around the US-China trade negotiations and rising oil prices outweighed investor euphoria around the US Federal Reserve’s hints at future rate cuts.

NIFTY: A STRONG SUPPORT WILL BE @ 11600; STRONG RESISTANCE LEVEL SEEN @12000

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 21 JUN 2019

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Bulls are back in action & took nifty above mark. Market sentiments were boosted by gain in financial stocks, Fed’s rate-cut hints, offset losses in IT counters triggered by a report of U.S. move to cap H1-B work visas. That apart, reports of monsoon hitting drought hit Maharashtra also boosted sentiment. As per a Reuters report, India’s annual monsoon has covered some parts of the western state of Maharashtra and conditions are becoming favourable for further advancement into the southern part of the country.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 20 JUN 2019

Today’s session was more like a roller coaster ride, where the index opened positive at 11744, then showed some strength in morning trades & made a high of 11802, but the sentiments turned pessimistic in late afternoon trades and index started drifting lower at nifty went till the low of 11625, however the market regained its momentum in the final hour of trade and finished the day on flat note at 11691.

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It was tough day for bulls. Bulls could not continue the good start as nifty dropped till the level of 11641 but at the end bulls again came in to the picture and managed to settle above 11675 mark. Nifty has started the day at 11677 made a high of 11727 and low of 11641 & finally closed the day at 11691. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 18 JUN 2019

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Bulls are on back foot, Bears continued to rule…  Nifty has started the week on negative note due to heavy selling in bank, auto and metals stocks amid weak global cues and concerns over poor progress in monsoon. Investors also worried over liquidity in the system and cautiousness ahead of the Union Budget. The sensex fell for a fourth straight day, ending 491 points lower at 38961.Nifty settled at 11672, down 151 points.

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 17 JUN TO 21 JUN 19

WEEKLY RESISTANCE FOR NIFTY: 11900, 12000, 12100

 PIVOT POINT: 11800

WEEKLY SUPPORT FOR NIFTY:  11700, 11600, 11500

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11875,11975,12050

PIVOT POINT:11825

DAILY SUPPORT FOR NIFTY :  11775,11750,11700

DAILY CHART FOR NIFTY

The indices on Friday clocked worst week in over a month amid global cues and key inflation data. Sensex closed at 39452 falling 289 points, while Nifty dropped by 90 points, at 11823. The Nifty hinted at a gap up opening on Monday and in line with the expectations, the index started the week on a positive note. Nifty rallied higher in the first half hour of the trade but it then corrected gradually to wipe out the morning gains. The index eventually witnessed some pullback in the last hour and ended the day with gains of about half a percent. On Tuesday Nifty opened on a positive note and corrected marginally from the opening ticks in the first hour of the trade. However, the index rallied higher from the 11900 mark to test the 12000 level during the day. It eventually ended the day near the opening levels. On Wednesday post opening on a flat note, the Nifty corrected in the initial couple of hours to breach the 11900 mark. However, the index oscillated around this level throughout the day and ended the session tad above it with a loss of half a percent. On Thursday Nifty hinted at marginal negative opening yesterday and in line with expectations, the index started the day on a weak note. Nifty continued the negative momentum till noon; but it reversed and rallied higher for rest of the day to wipe out the intraday losses and end on a flat note.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 14 JUN 2019

The Sensex& nifty ended rangebound session flat with a negative bias on Thursday as losses in Yes Bank, IndusInd Bank, Infosys, Reliance Industries and Tata Consultancy Services were offset by gains in HDFC Bank, Kotak Mahindra Bank, HDFC and Axis Bank. Earlier in the day, Nifty opened lower and extended declines owing to weakness in financial, IT and metal sector shares, a day after official data showed consumer inflation rose to its highest level recorded in seven months. The Sensex fell as much as 295 points while the Nifty dropped below 11850. The Sensex ended 15 points lower at 39741 and the Nifty rose 8 points to close at 11914. 

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 13 JUN 2019

A range bound trading session gas ended on negative note. Markets ended Wednesday’s choppy session with losses after registering gains for three consecutive days amid selling in banking and financial services counters. Investor sentiment also took a hit on weak global cues. The Sensex closed at 39757. The Nifty settled at 11906, down 59 points. The Sensex touched an intra-day low of 39623 levels while the Nifty drifted to 11866 levels during the day before staging a partial recovery.

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 12 JUN 2019

Bulls are back on the driver seat & took nifty to 12000 mark. . However, it failed to hold at higher levels and closed at 11965 near the opening mark 11959 by forming a Doji candle on the daily scale.  The index has been forming multiple Dojis since last three sessions, but at the same time making higher highs and lows, which suggest every decline is being bought into, while resistances are intact at the upper band of the trading zone. 

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 11 JUN 2019

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Nifty ended Monday’s session above 11900 mark lifted by tech stocks, in line with global stock markets that were buoyed by a deal struck between the US and Mexico to avoid a tariff war, and weak US jobs data that raised hopes of rate cuts by the Federal Reserve. Nifty, which opened at 11934, rose to an intraday high of 11975 before slipping below 11900. It hit an intraday low of 11871 before closing at 11922, up 52 points from its previous close of 11870 on June 7.

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Rate cut change the market direction. Market posted their biggest one-day loss in 2019, dragged down by financials and bank stocks even though the monetary policy committee of the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points (bps) to 5.75 % in the second bi-monthly monetary policy meet of the financial year 2019-20 (FY20).  As the 25-bp cut was in line with expectations and had already been factored in, Street didn’t cheer the move and continued to slide down with higher momentum.  This is the third consecutive time that RBI has cut rates by 25bps which shows that they are indeed taking care of the slowing growth and as expected are being supportive by loosening their purse. The Sensex slipped 554 points, to 39530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and State Bank of India was among the top losers. The Nifty tumbled 178 points to 11844.

NIFTY BANKNFITY VIEW FOR RBI CREDIT POLICY 6 JUN 2019

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Market ended Tuesday's session in red ahead of Reserve Bank of India's monetary policy decision due on Thursday, At close, the Sensex was down 184 points at 40083, while Nifty was down 66 points at 12021. The pressure on the Reserve Bank of India (RBI) to cut interest rates this week has mounted dramatically, considering the 20-quarter slowest headline GDP growth of 5.8% in 4Q FY19 and the headline inflation at sub-3%. Whether the RBI should complement it further with liquidity-easing measures is also debated. In the absence of fiscal space to boost the economy, the RBI is expected to maintain a delicate balance between short-term relief and long-term strategy. We continue to maintain our

cautious stance on the markets at higher levels in the near term. 

MARKET EYE RBI’S MONETARY POLICY 06 JUN 19

NIFTY BANKNFITY OPTION FUTURE TIPS FOR  4 JUN

Market started the week on a strong footing with both the gauges closing at new lifetime record levels as investors shrugged off weakness in global peers, 5-year low domestic GDP print and unemployment at 45-year high. The weak GDP print, poor auto sales and other high-frequency data raised hopes of a 25 basis points rate cut by the RBI’s monetary policy committee. Sensex hit record high of 40267; Nifty peak of 12088.

NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 3 JUN TO 7 JUN 19

WEEKLY RESISTANCE FOR NIFTY: 12050, 12150, 12250

 PIVOT POINT: 11900

WEEKLY SUPPORT FOR NIFTY:  11800, 11700, 11600

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12000,12050,12100

PIVOT POINT:11900

DAILY SUPPORT FOR NIFTY :  11850,11800,11750

DAILY CHART FOR NIFTY

The market closed the volatile day as well as week on the negative side after cabinet announcement under Modi 2.0. At close, the Sensex was down 117 points at 39714, while Nifty was down 23 points at 11922. Post the election week, our markets opened slightly higher despite Nifty indicating a sluggish start. Our markets decoupled from the global peers last Monday; but it was evident also considering the major event on the domestic front. But it seems that the rub off effect is still there and yesterday too, we did not even try to peep what other global markets are doing. We had a trended move throughout the day with less momentum to add another seven tenths of a percent to the bulls’ kitty. After last week’s wild swings, the volatility was likely to subside and considering the overall development on Friday, we were expected to have a steady up move on Monday. Markets did not disappoint and Monday’s intraday move was very much on expected lines. We continued our march towards the mount 12k which needs to be conquered on a sustainable basis. Tuesday, there were no major triggers on the global as well domestic front and hence, we had a flat to positive start tad above the 11950 mark. However it turned out to be a formality as we saw open-high kind of scenario to immediately pull the market lower. During the most part of the day, index remained under a bit of pressure and hence the Nifty spent most of its time below 11900. Fortunately, due to some late recovery, the nifty finally managed to reclaim this psychological mark by concluding with a negligible gain. Wednesday, we opened lower as indicated by the SGX Nifty which was followed by some consolidation throughout the first half. However, in the latter half, the selling intensified across the globe and in this course of action; we slipped below the 11900 mark on a closing basis. Thursday, the global set up early in the morning was not so encouraging; but despite this our markets kicked off the day on a flat note and right from the word go, the buying emerged at lower levels. This was followed by a good trended up move throughout the remaining part to reclaim the 11900 mark. In fact, it didn’t look like a derivative expiry day as there were no wild swings or major volatility seen. Eventually, the Nifty ended tad below 11950 to register highest ever close for our index Nifty.

NIFTY: A STRONG SUPPORT WILL BE @ 11800; STRONG RESISTANCE LEVEL SEEN @12000

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 31MAY 2019

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Bulls continued to rule on the D-street on Thursday ahead of May derivative contracts' expiry, with Bharti Airtel Ltd and NTPC Ltd leading gains, as investors awaited appointments for key ministries at Prime Minister Narendra Modi's swearing-in ceremony. Market witnessed a rally over PM Modi's landslide victory in the general elections last week. PM Modi will be sworn-in for a second term later in the day and is expected to name his new cabinet ministers. The Nifty was up at 11917, while the Sensex was trading higher at 39722.

A stable government is attractive and stocks are outperforming on hopes of new policies. After today's ceremony (ministry announce