NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 20 JAN TO 24 JAN 2020

WEEKLY RESISTANCE FOR NIFTY: 12400, 12500,12600

 PIVOT POINT: 12300

WEEKLY SUPPORT FOR NIFTY:  12200, 12100, 12000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12395, 12455, 12500
PIVOT POINT: 12325

DAILY SUPPORT FOR NIFTY:  12275, 12225, 12175

DAILY CHART FOR NIFTY

We had a gap up opening to kick start the new trading week. In the opening ticks itself, Nifty registered yet another record high beyond Friday’s high of 12311.20. Barring few ticks thereafter, Nifty managed to trade convincingly above the 12300 mark to end the session at the highest point ever by adding nearly six tenths of a percent to the bulls’ kitty. On Tuesday we had a sluggish start for the day which was clearly unexpected considering Monday’s strong close at the highest point ever. However, market settled after the initial nervousness and then slipped into a consolidation mode for quite some time. Finally at the stroke of the penultimate hour, market picked up some buying momentum and went on to post fresh record highs well beyond the 12350 mark. Wednesday had a weak start for the day in the wake of not so favorable news from the global peers. The selling pressure intensified in the initial hour itself to test 12300 first and then a gradual decline led to sub-12300 levels. However, as expected, we saw massive buying interest at lower levels which accelerated in the final hour of the day to trim major portion of losses. Eventually, Nifty managed to reclaim 12300 with some authority. After a spectacular tail end surge on Wednesday, Markets opened flat on Thursday morning owing to muted global cues. In the initial trades, Nifty once again inched towards 12400 but attempt turned unsuccessful for the second time in last three days. This resulted into a sharp decline to retest the lower end of the intraday range. Fortunately, our markets managed to defend key levels as we saw a steady recovery throughout the second half to conclude the weekly expiry with nominal gains. On Friday market traded flat for majority of the session as the bulls and bears wrestled for supremacy ahead of the December quarter results of some index heavyweights. The nifty swung around the psychological mark of 12350. Nifty closed the week at 12352. The Nifty managed to close in the positive territory and now, knocking on the doors for new milestones. The action packed week with wild swings finally ended in the favor of mighty bulls and going by the famous phrase ‘All’s well that ends well’, the wider smile is back on the faces of market participants. This Thursday, we continued our northward trajectory and with the help of complete gush, managed to clock fresh record highs 12389. However, due to decent profit booking on Friday, Nifty came off considerably from highs but not to worry, the overall structure still looks sturdy. Once we manage to reclaim 12400 again, we will not be surprised to see index heading towards next milestones of 12500 – 12600 in the forthcoming week itself. On the lower side, 12300 followed by 12200 would be seen as immediate supports.

 NIFTY: A STRONG SUPPORT WILL BE @ 12200; STRONG RESISTANCE LEVEL SEEN @12500

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Bulls continued to run to achieve the new goal. Both Sensex and Nifty made a new high. Sensex gained as much 187 points to hit a record high of 42059 while Nifty too scaled fresh all-time high of 12389, up 46 points. Market ended Thursday’s session on a positive note, buoyed by gains in world equities. On the domestic front, investors focused on the upcoming Union Budget, and December quarter corporate report cards. The Sensex closed to 60 points higher at 41933, while the Nifty rose 13 points to settle at 12356.

 SENSEX LIFE TIME HIGH 42000

NIFTY OUTLOOK & OPTION CALLS FOR 16 JAN 2020

The Sensex and Nifty snapped their two-day record breaking spree weighed down by losses in banking shares. For most part of the day, market traded lower but staged a mild recovery in the last 30 minutes of trade. At the day's lowest level, the Sensex fell as much as 305 points and the Nifty index briefly dropped below its symbolically important level of 12300. The Sensex ended 80 points lower at 41873 and the Nifty declined 19 points to settle at 12343.

NIFTY OUTLOOK & OPTION CALLS FOR 15 JAN 2020

A lackluster trading session ended on record high level led by gains in index-heavyweights HDFC, ITC, Axis Bank and TCS!!!! The Sensex closed 93 points higher at 41952, while the Nifty rose 33 points higher to close at 12362 points. Earlier in the day, Sensex gained as much as 134 points to hit an all-time high of 41994. Meanwhile, Nifty gained 44 to scale intraday record high of 12374. Washington's decision to lift its designation of currency manipulator on China has added to the positive mood that has been already in place ahead of the signing of the trade deal.

NIFTY OUTLOOK & OPTION CALLS FOR 14 JAN 2020

New week new high !!! Nifty hits fresh record high & closed above 12300 mark supported by positive global and domestic cues. The Sensex scaled fresh peak of 41899 in the early morning trade today. It, settled the day at record closing high of 41859 level, up 259. The Nifty too, hit a record high of 12337, surpassing its previous high of 12311 hit on Friday, January 10. At close, the index was at 12329 level, up 72 points. The official signing of Phase-1 of US-China trade deal, scheduled for January 15, coupled with recovery in the industrial production data lifted the market sentiment. Besides, healthy December quarter numbers by IT bellwether Infosys and appreciation of rupee to a one-month high kept sentiment buoyed.

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BUY  NIFTY 12300 16 JAN CALL @ 33

BUY  ASHOKLEY 85 CALL @ 1.9-2 

BUY  BANKNIFTY 16 JAN 31300 PUT @ 120

 BUY IDFCFIRSTB 45 CALL @ 1.1-1.2 

STOCK & INDEX OPTION CALL FOR 7 JAN 2020

BUY NIFTY 12100 9 JAN CALL @ 64

BUY  DLF 240 CALL @ 3.9-4 

BUY ZEEL 260 PUT @ 12.4-12.5 

BUY  NIFTY 12000 9 JAN PUT @ 42 

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NIFTY OUTLOOK FOR 3 JAN 2020

The Sensex and Nifty nosedived in today's session as markets suffered their worst day in six months after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalated tensions with Iran in the Middle East. United States killed a top Iranian military commander in Iraq on Friday, which led to surge in gold and crude oil prices internationally and a drop in equities. The Sensex plummeted as much as 851 points while the Nifty dropped as much as 252 points to 11974.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 6 JAN TO 10 JAN 2020

WEEKLY RESISTANCE FOR NIFTY: 12300, 12400,12500

 PIVOT POINT: 12200

WEEKLY SUPPORT FOR NIFTY:  12100, 12000, 11900

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12275, 12325, 12375

PIVOT POINT: 12200

DAILY SUPPORT FOR NIFTY:  12150, 12100, 12050

DAILY CHART FOR NIFTY

On Monday Inspite of subdued global cues, the Nifty started the week on a positive note with gains of around 30 points. It, however, lacked follow up move to cross the recent high of 12293 and gave up gains in the first few hours. In the second half, however, after making an intraday low of 12213 Index bounced back sharply to end with marginal gains tad above 12250 levels.  On Tuesday In the absence of any trigger, our markets started on a mild negative note and with open high scenario crept lower for the first half. During the mid-session, Index attempted a strong bounce-back however in the last hour there was a sharp selloff as Nifty ended with a loss of 0.71% at 12168. On Wednesday 1st day of 2020 the Nifty started the calendar year on a positive note with gains of around 30 points, however, post that there was no major action in Index. Nifty gyrated within a very narrow range throughout the day and ended with marginal gains at 12182. On Thursday, the session clearly belonged to handful of heavyweight movers and midcaps from the Derivatives segment. Clearly it was a feast for FO traders as so many liquid names clocked good intraday rally. As far as Nifty is concerned, marquee names likes RIL, HDFC Twins, ICICI Bank and not to forget Larsen and Toubro, who finally looked like coming out of the slumber. When these names start moving then no brainer the benchmark had to do well. This is what we saw and throughout the day, the buying momentum continued in the market. Market breadth was slightly negative on Friday after US military killed Iran Revolutionary Guards' commander Qasem Soleimani in a surprise air-strike. The middle-east tensions sent Brent Crude Futures soaring, while market sentiment turned sour at D-Street. The Sensex, which hit an intra-day low of 41348, recovered slightly in the fag-end of the session and settled 162 points, lower at 41464 level. The Nifty lost 55 points, to settle at 12226 marks. Bears try to pounce on back of the global development and push index lower.

NIFTY: A STRONG SUPPORT WILL BE @ 12100; STRONG RESISTANCE LEVEL SEEN @12300

HAPPY NEW YEAR 2020 !!!

A weak trading sentiment across the globe, and concerns over infrastructure output data for November -- due later in the day -- pushed investors towards profit-booking on the last trading day of calendar year 2019. The Sensex settled at 41253 level, down 304 points. the Nifty index held the 12150-mark to close at 12168 –level.

NIFTY OUTLOOK & OPTION CALLS FOR 31 DEC 2019

Markets ended the last 2nd trading session of the calendar year 2019 on a flat note amid mixed global cues and lack of market participants in the holiday season.  The Sensex on Monday lost 17 points to settle at 41558. Nifty closed at 12261, up 15 points. Premium valuation and lack of fresh triggers influenced investors to take a cautious approach on heavyweights.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 30 DEC TO 3 JAN 2020

WEEKLY RESISTANCE FOR NIFTY: 12350, 12400,12500

 PIVOT POINT: 12200

WEEKLY SUPPORT FOR NIFTY:  12100, 12000, 11900

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12300, 12350, 12400

PIVOT POINT: 12250

DAILY SUPPORT FOR NIFTY:  12200, 12150, 12100

DAILY CHART FOR NIFTY

The bull's clawed back strongly after profit booking witnessed in the earlier session. Market breadth was healthy as midcaps and smallcaps continued to perform well. All sectoral indices were in the green. Nifty continues to remain in a strong uptrend & closed the week near 12250 mark .The index started trading for the week marginally negative amidst a gap down opening in the index heavyweight Reliance Industries. However, the index traded within a range for most part of the session. The index witnessed a dip towards 12200 around 2.30 pm but again recovered from the lows to end the session with a negligible loss. Monday’s session could be termed as a consolidation post the recent sharp up move. However, one noticeable thing was the recovery at the end from the intraday lows. In the absence of any trigger, our markets started on a flat note on Tuesday and quite similar to the previous session traded in a range for the major part of the day. However, during the last hour some profit booking was seen which pushed Nifty to test 12200 levels and end tad above it with loss of around 0.39%.  Post the mid-week holiday on Wednesday, the index started the session on a flat note on Thursday. However, the F&O expiry session witnessed selling pressure from the start and it crept lower throughout the session to end with a loss of about three-fourth of a percent.

NIFTY: A STRONG SUPPORT WILL BE @ 12000; STRONG RESISTANCE LEVEL SEEN @12400

NIFTY OUTLOOK & OPTION CALLS FOR 27 DEC 2019

Bears pulled the nifty below 12150 mark on expiry day of F&O Dec series. Consolidation extends on account of F&O expiry led volatility and concern over the fiscal math of the government due to possible delay in divestment's planned this fiscal. Global markets seem to be in comfort zone fulled by hopes of easing trade tension, while the domestic market is expected to wait for cues from Budget . The Nifty opened on flat note today however succumbed to the selling pressure in a gradual manner. On the way down the nifty breached to the near term support 12100 level.  Market ended lower for the third consecutive day on December 26 with Nifty finished below 12150. 

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 23 DEC 27 DEC 2019

WEEKLY RESISTANCE FOR NIFTY: 12300, 12400,12500

 PIVOT POINT: 12200

WEEKLY SUPPORT FOR NIFTY:  12100, 12000, 11900

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12300, 12350, 12400

PIVOT POINT: 12250

DAILY SUPPORT FOR NIFTY:  12200, 12150, 12100

DAILY CHART FOR NIFTY

The Christmas party began for the bulls… The index is all set to have highest ever closing to see off 2019 with a bang.  The Bull Run continues for our markets and the index achieved our given target of 1200-12300 for this week.  The Nifty was indicating a sluggish start, our markets opened higher above the 12100 mark. However, it was merely a formality as we saw index giving up all gains in early trades and thereafter, traded in a flat terrain for quite some time. At the midst of the day, some buying emerged at lower levels and the Nifty was back into the positive territory. But this time, the selling aggravated in the last hour to pull the index considerably lower to conclude the session with nearly three tenths of a percent cut. Post a positive close in the US markets, the Asian markets were trading in the green and this led to a positive opening for our markets as well on Tuesday. After opening marginally positive, the index rallied higher throughout the day and ended the session at new record highs to register gains of almost a percent. In spite of a tepid start for the week, the index resumed its momentum in Tuesday’s session and rallied higher to register new record highs. Post the recent corrective phase; the index had resumed the uptrend during last week and Tuesday’s move was continuation of the ongoing uptrend.  Tuesday’s strong close was followed by a gap up opening on Wednesday as indicated by the Nifty early in the morning. During the remaining part of the day, index maintained its positive posture as we saw series of ‘Higher Highs Higher Lows’ on intraday time frame. In last couple of hours, the buying momentum accelerated a bit and as a result, the Nifty went on to post highest ever close well above the 12200 mark. Inspite of the muted global markets, our markets opened marginally positive on Thursday. The index witnessed a minor dip in the first hour towards the 12200 mark which was eventually bought into. The Nifty continued its northward journey in uncharted territory and ended the session above 12250. On Friday market takes a breather after 3-day rally, ends flat; Nifty inched up to 12270.

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Bulls continued their record-breaking run. The Nifty surpassed the 12250-mark for the first time after reports that China has exempted tariff on US products. The Sensex gained 115 points to close at 41673 after hitting a record high of 41685. The Nifty was up 38 points to close at 12259. The index hit intraday high of 12261. The Nifty found hit a new peak and closed higher for the third consecutive session on 19 December 2019, driven by buying in select majors such as Reliance Industries, TCS, and Bharti Airtel. The index remained in a intraday range of 77 points before ending at record closing high again. After opening flat, the Nifty saw some consolidation but gained strength in late morning deals and extended the rally as the day progressed. The index hit an intraday record high of 12268 in the late trade and closed 38 points higher at 12259.

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New day new high..!!! Market breaks all the record in Tuesday’s session ahead of the crucial GST Council meeting. The Sensex gained rose 206 points to close at 41558. The Nifty gained 56 points to close at 12221. The market hit record high on the expectations of measures from the Centre to support the economy. Metals & IT stocks traded higher on hopes that easing trade tensions could ensure global growth and increase the order intakes. With the budget around the corner, the government is planning to steer the ship by bringing measures to boost consumption. 

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Bulls came back strongly and pushed the Nifty to fresh all-time highs. Sensex and Nifty hit their fresh all-time highs today led by gains in banking, metal and information technology stocks. While Sensex hit 41401 rising 463 points against its previous close of 40938, Nifty gained 129 points to 12182 compared to previous close of 12053. Sensex has hit new high for the second straight day. On Monday, Sensex reached a new high of 41185. Nifty too rose to 12158, its all-time high.  

NIFTY PREDICTION & OPTION CALLS FOR 17 DEC 2019

After hitting a new record high of 41185 points, Sensex ended 71 points lower at 40938 today. The Nifty, on the other hand, lost 26 points to 12060 points. In the opening session, Sensex had jumped over 175 points to a new record high of 41185 while Nifty Bank had also hit a new high. The Nifty index remained volatile and swung both ways between the level 12134 high  & 12046 low before ending lower at 12053 below 12100 mark. The Nifty has been struggling to clear the 12150–12200 zone. Looking at the chart of the Nifty, it can be construed that the index is trading in the 11900–12150 range, which is similar to the previous week. The short-term trend would be dented only on a breach of the 11900 mark.

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WEEKLY RESISTANCE FOR NIFTY: 12200, 12300, 12400

 PIVOT POINT: 12000

WEEKLY SUPPORT FOR NIFTY:  11900, 11800, 11700

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12100, 12150, 12200
PIVOT POINT: 12050
DAILY SUPPORT FOR NIFTY:  12000, 11950, 11900
DAILY CHART FOR NIFTY
If an end well all is well finally nifty closed the week near 12100 mark. Bulls march ahead and continue with the momentum. All signs suggest bulls are in a mood to push index higher towards fresh all-time highs however, over the weekend global as well as local triggers are lined up which could create some volatility going ahead. Market breadth was strongly positive and all sectoral indices were in the positive with the highest gainer being the PSU bank index. After a gap up opening market extended gains on Friday on the back of the progress in US-China trade deal and the Conservative Party's likely win in the UK polls. The Sensex was trading 400 points, higher at 40980 levels while the nifty closed the week at 12085 up by 114 points. The Nifty index started the week on a flat note and then corrected in the initial 15 minutes of trade. However, the support of 11883 played its role and the index rebounded from its morning lows. The index then consolidated in a range for the rest of the session and ended the Monday’s session with marginal gains at 11937. The Nifty index started trading on a flat note on Tuesday. Post consolidating in a range till noon, the index corrected along with the broader markets and ended the session with a loss of about 80 points at 11857. Post opening on a flat note on Wednesday, the Nifty pulled a bit higher upto 11900 in the first hour of the trade. However, the index then resumed its correction and crept lower to breach the previous day’s low. Just when the broader markets were witnessing a selling pressure, the index recovered smartly in the last hour of the day and rallied to close above the 11900 mark. After a smart recovery in the last hour in Wednesday’s session, the indices opened gap up in Thursday’s trading session. During the day, the index reclaimed the 12000 mark as the broader markets witnessed good momentum and it ended the session at 11972 with gains of over half a percent. There are a couple of reasons behind Friday’s rally. Not only Boris Johnson is getting the majority that augments smooth Brexit expectations, the trade war also going to end. That is helping the market sentiments. One of the key reason, why US China deals have not worked is due to China not fulfilling its obligation for importing farm products from US. We believe the new agreement will have provisions for automatic roll back of tariff cuts if the other party does not fulfill its obligations. Hence, the chances of this deal going though are better than earlier efforts. From global standpoint, it’s positive news for commodities and equity markets.

NIFTY: A STRONG SUPPORT WILL BE @ 11800; STRONG RESISTANCE LEVEL SEEN @12250

The indices then witnessed a swift up to conclude the week on a positive note. The index surpassed the 12100 mark, but ended the session tad below it at 12085. A sustained move above 12000 could again lead to some broad based buying which could provide good trading opportunities. The Buy on dip approach seem to be working quite well and hence, traders are advised to continue to capitalize on the same and trade with a positive bias. For next week, the support for Nifty is placed in the range of 11900-11800 whereas resistance is seen around 12150-12250.

 TECHNICALLY SPEAKING

Market has seen stupendous run over the past couple of months without any major correction. During this week, we finally saw some respite to this ongoing optimism. In the latest Golden Cross, the 50-day moving average of the MSCI EM Index has reached 12098 compared with the 200-day moving average of 12133. The index had gained nearly 6% after forming a Golden Cross pattern before topping out. The Sensex and Nifty too reported the Golden Cross formation about a fortnight ago A Golden Cross occurs when the short-term moving average crosses above the long-term average. It is perceived as a bullish technical pattern. Besides, Nifty 50’s relative strength index (RSI) is currently 53. RSI is a measure of magnitude of the recent price change. RSI of more than 70 is considered as overbought territory, while sub-30 is oversold.  The sharp upside momentum continued in the Nifty today for the third consecutive sessions and closed the day with decent gains. A long bull candle was formed today with back to back opening upside gaps (both the upside gaps are unfilled). Technically, this pattern indicates a sharp comeback of bulls from the lower levels. Nifty as per weekly timeframe formed a long bull candle with lower shadow. This candle pattern was formed immediately after the formation of bearish engulfing type pattern in the last week. This is positive indication and one may expect further upside in the short term. A sustainable move above 12150 levels could nullify the negative implication of bearish engulfing. One may expect Nifty to reach up to 12,150-200 levels by next week and there is a possibility of an emergence of selling pressure again around all-time highs. Near term, support is places at 11975 zone & Resistance at 12200.