NIFTY VIEW & OPTION CALL PUT TIPS FOR 6 SEP 2019

SBIN 255 PUT NEAR TO HIT 1ST TGT  3.9 MADE A HIGH OF 3.8

CONTINUE TO HOLD UNIONBANK 57.5 CALL  FOR TGT 

Thursday’s lackluster trading session ended on a flat note. Possibility of weaker outcomes of September quarter earnings took the market sentiments off beat. The Sensex ended with marginal loss, while Nifty finished flat after traded in a narrow range throughout on September 5.  At close, the Sensex was down 80 points at 36644, while Nifty was up 3 points at 10847. The investors are waiting for the September quarter earnings and fear that it may not keep up the expectations, particularly in the auto sector considering weak sales. The earnings will also guide the direction for the markets along with the global developments such as the developments in U.S.-China trade war.

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A volatile trading session ended on positive note, Nifty & sensex witnessed a volatile session on September 4 but managed to end higher with Nifty above 10800. markets opened on a cautious note on Wednesday following rising concerns over subdued macroeconomic data, unabated outflows by foreign institutional investors amid weak global cues. The Sensex ended 162 points higher at 36725 and the Nifty climbed 47 points to shut shop at 10845. Growth in China's service sector accelerated despite broader economic headwinds which sent markets higher. Moreover, reports that Hong Kong will announce the withdrawal of an extradition bill also caused relief.

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Nifty cracked sharply on the back of weak sentiment. Nifty opened gap down and continued to drift lower. The index broke multiple support levels on intraday charts and closed below the key 10,800 level. The Sensex slumped 770 points to settle at 36563 and the Nifty dropped 225 points to close at 10798.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 3 SEP TO 6 SEP 2019

WEEKLY RESISTANCE FOR NIFTY: 11100, 11200, 11300

 PIVOT POINT: 11000

WEEKLY SUPPORT FOR NIFTY:  10900, 10800, 10700

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11075, 11150, 11225

PIVOT POINT:11000

DAILY SUPPORT FOR NIFTY :  10950, 11875, 10800

DAILY CHART FOR NIFTY

During this week, the index has seen high volatility wherein initially the index recovered sharply from the recent swing low, and has now given up some of these gains in last couple of sessions. However, if we look at the short term charts, it seems that the Nifty has completed its corrective phase during last week and after rallying about 500 points from the low in just three sessions, the index is showing a pullback move.  A slew of announcement from FM Sitharaman on last Friday evening caused massive gap up opening of the week. However, immediately index lost this early morning lead which was a knee jerk reaction of escalated trade war between the US and China. Due to this, index not only erased all opening gains but also went on to sneak well inside the negative territory. Things looked extremely bleak at one point of time, but fortunately, we witnessed enormous buying interest at lower levels which kept on accelerating till the closing point of the day. Eventually, Nifty concluded with a colossal intraday rally of more than 300 points from the low and 200 points from the previous close. After ending on a high note on Monday, the Nifty continued the momentum and opened on a positive note on Tuesday. Post some momentum in initial couple of hours, the index traded a narrow range for rest of the day and ended near the opening levels, marking gains of half a percent over previous session’s close. Although the index traded in a narrow range yesterday, the broader markets witnessed good momentum as the market breadth was clearly in favor of the advances. In last three sessions, the index has gained about 500 points from the low registered on Friday. Post the sharp upmove of about 500 points from the swing low in three trading sessions, the index retraced some of the gains and corrected in Wednesday’s session to re-test the 11000 mark, the index then recovered some of the losses in last half an hour and ended the session with a loss of about half a percent. After retracing about 38.2% of the recent correction, the index corrected back towards the 11000 mark. The benchmark indices opened on a negative note ahead of the F&O expiry of August series on Thursday. The Nifty witnessed selling pressure and registered low of 10922 as some of the heavyweights were seen under pressure. The last couple of hours witnessed significant volatility as the index recovered the losses to retest the morning highs and then again corrected in the last hour to end the session with a loss of about 100 points. Nifty remained highly volatile throughout Friday’s session and traded in wider range of 150 points. It drifted towards 10,880 level in the first half of the day, but recovered sharply from lower levels to extend the gains towards 11,040 and managed to close above 11,000. 

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A strong volatile trading session ended on negative note. Nifty witnessed strong volatility as the August series F&O contracts expired on Thursday. The nifty opened negative, drifted towards the 10920 level and then recovered to 11020 mark. Eventually, the bounce got sold into and finally the index closed with the around 100 points cut at 10948.

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Market was off bit because of F&O expiry on august 29’2019. The Sensex dropped 189 pts & Nifty came below 11050 in Wednesday’s trading session. Market settled lower after previous three straight sessions of gains, as worries of a global recession weighed on investor sentiment. The Nifty closed down at 11046, while the Sensex ended at 37451. Fearing longevity of the current bulls & bear phase, investors choose to wait and watch in the near term. A unit of Fitch Ratings, India Ratings and Research, lowered its FY20 gross domestic product (GDP) growth forecast for the country to 6.7% from 7.3%, souring domestic sentiment. GDP data for the April-June quarter is due on Friday, and the economy likely expanded at its slowest pace in more than five years during the period, driven by weak investment growth and sluggish demand, according to a Reuter’s poll.

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Market sentiments were boosted by domestic cues along with higher global markets which helped Sensex and Nifty rise for the third straight day. The Sensex ended 147 points higher at 37641 while Nifty settled 0.43% higher at 11105, driven by gains in banking, auto and energy stocks. Some selling in IT stocks capped gains.  The recent announcement made by the finance minister and the outcome of RBI board meet are definitely positive for the Indian markets. This is likely to lift domestic sentiments in the near term. Going forward, the market participants would keep a close watch on currency movement and upcoming Q1FY20 GDP data. Globally, trade tensions between US-China are likely to induce volatility into the markets.

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Bulls are back in action & took nifty back to 11000 zone. The market rallied with Nifty closing 2.1% higher at 11058. The market rallied on various measures announced by the finance minister on Friday and easing trade tensions between the US and China. The Sensex jumped over 650 points in opening trade, but only to slip into negative terrain. It fell over 200 points, before staging a smart rebound. The Nifty closed, up 228.50 points.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 26 AUG TO 30 AUG 2019

NMDC 87.5 PUT GIVEN IN 21 AUG POST ACHIEVED OUR TGT 4.8 & MADE A HIGH OF 12

WEEKLY RESISTANCE FOR NIFTY: 11000, 11200, 11300

 PIVOT POINT: 10900

WEEKLY SUPPORT FOR NIFTY:  10800, 10700, 10600

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10900, 10950, 11000

PIVOT POINT:10850

DAILY SUPPORT FOR NIFTY :  10800, 10750, 10700

DAILY CHART FOR NIFTY

The set up was just perfect for our markets to have a head start for the new trading week. In line with cheerful global peers, our markets started higher on Monday and then extended this lead in the first half. Things started to look hunky dory and all of a sudden, Nifty started correcting after posting a high of 11146.90. In fact, the selling augmented in the penultimate hour to pare down all losses to conclude the day on a flat note. Markets have shown some encouraging signs in last couple of days and yesterday too things started to look glittery. But considering recent dejected mood, markets faced strong selling pressure at higher levels and left the charts clueless at the end. Tuesday our markets started the proceedings on a flat to positive note tracking the mixed global cues. Subsequently, Index witnessed an extreme lackluster session with choppy swings seen on both sides of the trend to eventually end with a loss of 0.33% tad above 11000 levels. On the daily chart, Index for the fourth consecutive session traded within the range of big black body candle formed on 13th Aug and has now ended near the midpoint of this range. In the absence of major triggers, our markets started on a flat note on Wednesday which was followed by a period of consolidation during the first few hours. Subsequently, in the second half, Index extended the weakness seen from the start of the week to end tad above 10900 levels with a loss of 0.89%. During the session, we witnessed Index breaking below the key trend line support seen on the hourly chart but it managed to hold on to 10900 levels which we have been advocating since last few sessions. Thursday as indicated by SGX Nifty our markets started on a mild negative note which was then followed by sell-off that continued throughout the session. On the weekly options expiry day, intraday bounce got sold into and Index eventually ended with a loss of 1.62% at 10741. The market snapped their three-day losing streak ahead of Finance Minister Nirmala Sitharaman's press briefing due later in the day. Expectations from Finance Ministry to announce policy measures to revive economy helped the benchmarks recover in Friday’s session. The Sensex and Nifty opened lower but staged a recovery noon deals led by Reliance Industries, HDFC, Tata Consultancy Services, Mahindra & Mahindra and Infosys. The Sensex rose over 700 points from day's lowest level. The Sensex ended 228 points higher at 36701 and the Nifty advanced 88 points to close at 10829.

NIFTY: A STRONG SUPPORT WILL BE @ 10700; STRONG RESISTANCE LEVEL SEEN @11100

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Bears continued to grip the markets in Thursday’s session after the government remained non-committal on the stimulus package to boost the economy. Nifty came below 10750 mark. After opening at 10905 nifty made a high of 10908 & came down to 10718 & finally closed at 10741 down by 177 point. The measures by the Sebi on FPI regulations are good, but the market still awaits clarification on the tax proposals for the FPI’s made in Budget.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 21 AUG 2019

CALL GIVEN YESTERDAY

NIFTY 11000 PUT 22 AUG ASKED TO BY @ 50 & TODAY IT HAS ACHIEVED 1ST TGT 65 & ALMOST 2ND FINAL TGT 80 MADE HIGH OF 79 PROFIT OF 2550 IN INTRADAY 

Bulls failed to sustained above 11050 level & came down to close 11017 down by 36 point in intraday. Nifty50 failed to surpass the 11080 level on Tuesday and remained volatile for most part of the session. It formed a bearish candle on the daily scale as selling pressure emerged at higher levels. At the same time, the decline was being bought into.

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Bulls tried to come back in the 11100 zone & made a high of 11146 but could not continue to sustain the gains & came below 11100 mark to close at 11053. Tracking gains in other Asian markets, the Sensex rose as much as 368 points at day's high but could not sustain the gains & finished just 52 points higher at 37402. 

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WEEKLY RESISTANCE FOR NIFTY: 11100, 11200, 11300

 PIVOT POINT: 11000

WEEKLY SUPPORT FOR NIFTY:  10900, 10800, 10700

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11075, 11150, 11225

PIVOT POINT:11000

DAILY SUPPORT FOR NIFTY :  10950, 11875, 10800

DAILY CHART FOR NIFTY

The market ended the three-day trading week on a lower note. The Indian financial market was shut on Monday and Thursday on accounts of Eid & Independence Day. After an extended weekend, on Tuesday the markets started the week marginally positive with hopes of further up move as the Reliance opened with a significant gap up post the various announcements in its AGM. However, the nifty witnessed selling pressure right from the start as the other index heavyweights along with the broader markets witnessed a sell-off. The selling pressure continued throughout the session and in spite of RIL ending with gains of 10%, the Nifty ended the session with a loss of above one and a half percent. On Wednesday following the favorable development with respect to US-China trade war, the Asian cues were positively placed and our market too started session on a positive note with a gap up of around 70 points. Although the index witnessed some choppiness in the first few minutes, the dip was bought into and then a sustained up move was seen during the session to register gains of about 1%. Markets ended flat on Friday dragged by uncertainty over announcement of any revival package by the government and weak global cues. Indices remained lackluster for better part of the day, only to turn volatile in the afternoon trading session. Nifty rises 18 points to 11047.

NIFTY: A STRONG SUPPORT WILL BE @ 10800; STRONG RESISTANCE LEVEL SEEN @11200

NIFTY VIEW & OPTION CALL PUT TIPS FOR 16 AUG 2019

HAPPY INDEPENDENCE DAY 

The market staged a sharp recovery on Wednesday after posting the worst day of August in the previous session after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict. The Sensex surged as much as 515 points and the Nifty briefly surpassed 11050 led by gains in metal, energy and banking shares. Hopes of a stimulus package from the government to revive the economy also boosted the investor sentiment, according to analysts. The Sensex ended 353 points higher at 37312 and Nifty climbed 104 points to close at 11029.

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The Indian market closed down on Tuesday as heavy selling pressure built up in automotive and telecom stocks while investors awaited a government fiscal stimulus package to reverse the slowdown in the overall economy. The Sensex & nifty plunged on Tuesday to finish in red . The sensex crashed more than 600 points ahead of key retail or consumer price-based inflation data. Sensex nosedived 624 points to close at 36958; while the Nifty moved 184 to settle at 10926.

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WEEKLY RESISTANCE FOR NIFTY: 11200, 11300, 11400

 PIVOT POINT: 11100

WEEKLY SUPPORT FOR NIFTY:  11000, 10900, 10800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR  NIFTY: 11100, 11000, 10900

PIVOT POINT:10900

DAILY SUPPORT FOR NIFTY :  110850, 10800, 10700

DAILY CHART FOR NIFTY

Last week’s mayhem continued as we saw a gap down opening of the week followed by a sustained selling throughout the first half in Monday’s session. This sell off was disheartening because the stable propositions like HDFC Twins and Kotak Bank also finally succumbed to the market destruction. These marquee names have been reluctant to correct since many months and in fact, have propelled index to the record highs. But monday, they looked completely dejected and hence, correction reinforced to test the 11300 mark.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 09 AUG 2019

CALL GIVEN YESTERDAY 

TATAGLOBAL 275 CALL BUY GIVEN @ 5.5 ACHIEVED OUR 1ST TGT 6.5 CONTINUE TO HOLD FOR 2ND TGT 7.5

Bulls made a strong come back in last hour of Thursday’s session with Sensex back above 37,000 level and Nifty bouncing back above 11,000 mark, after media reports suggested that India was likely to exempt foreign portfolio investors from an increase in taxes that was part of the budget approved by parliament but heavily criticized.  The Sensex jumped 637 points to settle at 37327 level. The Nifty reclaimed the crucial level of 11000 to end at 11032, up 177 points.

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Bears continued to grip the markets…!!!!The market cracked heavily after MPC expectedly eased policy rates, albeit by 35 bps, justifying that a 25bps cut would have been inadequate while a 50bps would have been more-than-needed currently.  The Sensex came down 286 points to close at 36690 & Nifty came below 10850 Mark made a low of 10835 & closed at 10855.

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Bulls showed some strength after hitting the support area of 10800, but failed to give closing above the 11000 mark. Market recouped Monday’s losses aided by broad based buying across sectors supported by FMs decision to have a discussion with FPIs amid continued outflow of liquidity. Global cues were positive due to China’s step to prevent further slid in yuan, which could ease trade war concerns. While hope for a 25 basis point rate cut in the RBI meet tomorrow provided some support to the trend. Nifty managed to hold Monday’s low and the immediate support at the 10800 level, and then extended its gains towards the 11020 level. The index respected the 10800 level, which is 61.8% retracement of the entire upward move from 10004 to 12103 levels.

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Multiple headwinds led to market volatility for the day. Concerns of political crisis developing in J&K and no further cues on exclusion of surcharge to FPI’s added more volatility in the market.  Kashmir, yuan send Sensex tumbling 418 pts, Nifty ends a tad above 11,850. At day's lows, Sensex fell over 700 points to 36416 while Nifty tumbled below 10800, before ending off lows.