NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 31 JULY 2020

F&O July series expired in the red due to selling in the financial & energy stocks however, pharma and IT positive for the day. The Sensex slipped 335 points to settle at 37736 levels. Nifty ended at 11102 down 101 points. Global markets faded as a status quo in policy by the US Fed Reserve failed to offset tepid business outlook and resurgence in virus cases around the world. Investors will be looking at commentary emerging from today’s meeting between the PM and key economic regulators. Stock specific action expected to continue.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 30 JULY 2020

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Nifty failed to continue its bullish momentum of the last session and witnessed selling pressure at higher levels. Markets traded volatile and settled with a cut of nearly 1%. After the initial uptick, nifty inched gradually lower as participants preferred to book some profit ahead of july monthly expiry tomorrow 30 July 2020. Besides, the existence of a critical hurdle around 11350 zone in the Nifty added to the pressure.Nifty has got stuck in range in between 11100 to 11350 zones and requires a decisive range breakout with follow up action to commence the next leg of rally. Now it has to continue to hold 11150 zones to extend its move towards 11355 then 11425 zones while on the downside key support exists at 11025 levels. Markets will react to the outcome of Fed meet in the early trade on Thursday i.e. 30 July 2020. The scheduled derivatives expiry combined with earnings would keep the participants on their toes. Indications are in the favor of further profit-taking in the nifty ahead so we advise booking profits in existing longs and wait for clarity to re-enter.

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Resistance: 11350, 11450, 11550

Support: 11150, 11050, 10950

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 29 JULY 2020

Bulls are back action, after a negative Monday closing, the stock markets today bounced back strongly posting significant gains in the day’s trade. Both the Sensex and Nifty were up by around 1.5% at the close. While the Sensex was trading at 38492, up by over 558 points at the end of day’s trade, the broader market Nifty closed at 11300, up by over 168 points. Going ahead, the FOMC meet outcome (on 29th July) would be one of the key events to watch out for. Besides, the key economic data points would provide more clarity on the recovery in the economy. On the domestic front, earnings announcements from companies and auto sales numbers would be on investors’ radar. We advise continuing with a positive yet cautious approach as Nifty is inching closer to the next hurdle at 10355 levels. But it can be summarized that we have crossed the range bound movement. The markets should now be headed to 11400-11500 levels. The new support the market needs to respect on the downside is 11150.
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Resistance: 11400, 11500, 11600

Support: 11150, 11050, 10950

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 28 JULY 2020

Market ended lower on Monday due to the massive slip in the banking stocks after a month or so. At close, Sensex ended 194 points to 37935 while the Nifty index ended at 11132, down 62 points. The banking index came in red after the Reserve Bank of India in its Financial Stability report forecast that bad loans could soar due to a rise in pandemic-led debt burdens. Because of the pandemic, loan growth has slowed and the moratorium has hit repayments. This is a double whammy for banks.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 24 JULY 2020

Bulls got charged after 1 day pause and helped the nifty to gain over half a percent bouyed by correction in European and Asian equities. Sensex ended 268 points higher at 38140 and Nifty closed 82 points higher to 11215. Global markets set aside the rising US-China tensions and focused on potential vaccine developments and better than expected earnings numbers.Domestically, except for IT, most major indices were in the gains.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 23 JULY 2020

Bulls were taking a breath after 5 days of long run. The spike in US-Chine tensions hit the global markets while a surge in virus infections globally impacted on the market sentiment.  Market ended the five-day winning streak with landing in losses on Wednesday dragged by selling in IT, auto and state-run lenders. The Sensex ended the session on July 22 down 58 points at 37871, and the Nifty shed 29 points at 11132. After the initial uptick, the benchmark oscillated in a range however movement on the stock-specific front kept the traders busy.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 22 JULY 2020

Bulls continued with its winning streak for yet another day. The nifty posted a positive daily close for the fifth consecutive session. EU leaders have finally reached an agreement on a massive stimulus plan to combat the pandemic impact. News about successful progression of Covid-19 Vaccine trials also boosted the global markets while positive quarterly earnings results, especially from the leaders, provided an additional support to the Indian markets. At close, the Sensex was up 511 points at 37930, and the Nifty was up 140 points at 11162.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 21 JULY 2020

Nifty is back to 11000 after 4 months of struggle. HDFC Bank's upbeat earnings helped market to move up in such difficult time where coronavirus cases are rising day by day. The Sensex closed the day up by 400 points at 37418 & Nifty closed the day up at 11022.

The earnings results declared so far have been positive, as the sectoral leaders, especially in the IT and banking sector, have emerged better than expected in a quarter that was considered to be a washout, in terms of business. Uptrend may continue but it will be stock specific and investors seem to be looking at the earnings commentary for further direction.

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 20 JULY TO 24 JULY 2020

WEEKLY RESISTANCE FOR NIFTY: 11000, 11200,11500

PIVOT POINT: 10700

WEEKLY SUPPORT FOR NIFTY:  10500, 10300, 10000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11000, 11100, 11200
PIVOT POINT: 10800

DAILY SUPPORT FOR NIFTY:  10700, 10600, 10500
DAILY CHART FOR NIFTY

We started the new trading week with a decent upside gap, owing to favorable global cues. However, the index failed to extend the lead from thereon; in fact we witnessed a good amount of profit booking throughout the remaining part of the day to eventually conclude the session nearly 100 points off morning's high. Fortunately in the midst of this, Nifty managed to close in the green tad above the 10800 mark. On Tuesday, we had a painful session after few weeks of consistent rally. But things were completely different yesterday morning, due to massive overnight rally in US bourses. Our markets opened with a decent bump up which was then followed by an extension of the rally to go beyond the 10800 mark. However, post the Reliance AGM, markets took a complete nosedive due to heavy profit taking in RIL from record highs. Within no time, whopping gains of 200 points on Nifty just disappeared to conclude the day with negligible gain. On Wednesday Bulls took nifty above 10800 mark. Risk appetite was boosted after Moderna Inc's experimental vaccine for coronavirus showed it was safe and provoked immune responses in all 45 healthy volunteers in an ongoing early-stage study. expectation of  stimulus from the governments also boosted the market sentiments. The Sensex closed 18 points higher at 36051 while the Nifty settled 10 points higher at 10618. Wednesday’s tail end correction was followed by yet another gap up opening in our markets; courtesy to bumper opening in IT Giant, Infy post its stellar quarterly numbers. However, once again this hollow opening got sold into as markets cooled off in initial trades. For the major part of the day, index traded on a flat to positive note. All of a sudden, at the stroke of the penultimate hour, the buying momentum accelerated to conclude the weekly expiry well above 10700 mark by recouping major portion of previous day’s losses. On Friday markets registered sharp gains on Friday, as investors hoped for strong corporate earnings to continue after HCL Technologies became the third IT major to report upbeat profit, offsetting concerns over surging COVID-19 cases in the country that crossed the 1 million mark. The Nifty climbed to as high as 10933. 

NIFTY: A STRONG SUPPORT WILL BE @ 10500; STRONG RESISTANCE LEVEL SEEN @11200

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16 JULY 2020

Bulls are back in action & took nifty above 10800 mark. Risk appetite was boosted after Moderna Inc's experimental vaccine for coronavirus showed it was safe and provoked immune responses in all 45 healthy volunteers in an ongoing early-stage study. expectation of  stimulus from the governments also boosted the market sentiments. The Sensex closed 18 points higher at 36051 while the Nifty settled 10 points higher at 10618.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 14 JULY 2020

The bulls have done very well for themselves today. At close, the Sensex was up 99 points at 36693, and the Nifty was up 34 points at 10802. Nifty index opened positive and headed towards 10900 zones but follow up buying was missing due to underperformance of Banking stocks. It closed positive with the gains of around 35 points but formed a Bearish candle as it closed lower than its opening zones. It was consolidating in between 10685 to 10855 zones in the last entire week and now follow up is missing even after surpassing above 10875 zones. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 8 JULY 2020

Bulls win the street to the fifth day in a row. Nifty hit 10800 mark & close the day at 10799. Including today's close, the indexes have gained around 5% over the last five sessions, and more than 40% from four-year lows hit in March when virus fears had pummeled markets. Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery. Government stimulus and hopes for an economic turnaround have so far kept investor sentiment upbeat.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 7 JULY 2020

Bulls continue to rule the street,market indices jumping aboard a China-driven rally in global shares, with HDFC Bank Ltd gaining after it reported strong loan growth through the first months of the COVID-19 crisis. Global stock markets rallied as investors bet on a revival in Chinese activity to boost global growth, even as coronavirus cases continued to surge. The Nifty ended 1.47% higher at 10763 and the Sensex up 1.29% at 36487. Both settled at four-month peaks. India overtook Russia with the world's third-highest number of novel coronavirus cases, at nearly 7,00,000 as of Monday morning.

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 06 JULY TO 10 JULY 2020

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WEEKLY RESISTANCE FOR NIFTY: 10697, 10804,10973

PIVOT POINT: 10549

WEEKLY SUPPORT FOR NIFTY:  10226, 10130, 10000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10689, 10785, 10808

PIVOT POINT: 10600

DAILY SUPPORT FOR NIFTY:  10500, 10400, 10300

DAILY CHART FOR NIFTY

We started the week lower as indicated by the Nifty. In the first half, our markets extended this weakness and went on to test the sub-10250 levels. Fortunately, the optimist traders latched on to this opportunity and pulled the market higher to minimise the damage. Tuesday, our markets opened higher as indicated by the Nifty. During the initial hour, we saw gains extending a bit as Nifty inched closer to 10400. However post this, we witnessed a long period of lull and markets were completely unmoved for quite sometime. At the stroke of the penultimate hour, all of a sudden index started correcting and within no time, all gains just disappeared. Fortunately, due to modest recovery at the end, Nifty managed to defend 10300 on a closing basis. Wednesday started the session marginally higher, owing to mixed global cues. However in the initial hour it self, Nifty started moving northwards. Around 10350, there was a brief pause seen in the following hour; but it merely turned out to be a breather as we witnessed a good broad based rally throughout the remaining part of the day. Eventually, Nifty managed to reclaim the 10400 mark on a closing basis. Thursday markets were positive following news of encouraging trials of a vaccine being developed for coronavirus. Indian stock markets today ended at near four-month highs as positive developments in a coronavirus vaccine trial improved global risk sentiment. The Nifty ended 1.17% higher at 10551 . Nifty opened positive on Friday and continued to form higher highs and lows for the fourth consecutive session. It remained consolidative for most of the session and traded in a range of 70 points between 10,562 and 10,631 levels. Finally, the index closed the last session of the week with a gain of around half a percent.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 3 JULY 2020

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The bulls have done very well for themselves today. We kept above 10500 the entire day and any small dips were bought into. The Sensex was shot up 450 points to hover around 35870 level. The index had breached the level of 36,000 in intra-day for the first time since March 11. The broader Nifty50 index was testing 10,600 levels. The Sensex climbed 429 points to end at 35844 Nifty settled at 10552, up 122 points. The gains were supported by IT and Auto indices. Global indices were positive following news of encouraging trials of a vaccine being developed for the virus. Global markets are awaiting US employment figures, due out later today, to see the progress of the US economy and its resultant impact on global economic growth.

LOWER VOLATILITY ; A HURDLE FOR NIFTY BULLS

Markets started the week on bearish note following weak global cues. The resurgence of cases in the US and rising cases in India impacted sentiments. Also, the lingering border issue between India-China too weighed on the sentiments. The Nifty, after the gap down start consolidated for the day in 100 points range and finally settled around the upper band of that range to close at 10312 levels. 

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 29 JUNE TO 3 JULY 2020

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WEEKLY RESISTANCE FOR NIFTY: 10500, 10700,10900 

PIVOT POINT: 10300

WEEKLY SUPPORT FOR NIFTY:  10200, 10000, 9800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10400, 10500, 10600

PIVOT POINT: 10350

DAILY SUPPORT FOR NIFTY:  10250, 10150, 10050

DAILY CHART FOR NIFTY

Nifty continued with the momentum seen in the tail end of last week and began the week on a positive note. However, the index oscillated within a range for rest of the session and ended around the opening level, adding gains of 0.65% to the previous close.  Nifty started trading marginally positive in Tuesday’s session. The initial dip around 10300 in first hour of the trade was bought into and then we witnessed a gradual up move throughout the day. The momentum accelerated in the last hour of the trade with support of index heavyweights and Nifty ended the day with gains of over 1.5%.The index started trading on a positive note on Wednesday, however, after consolidating in a range for first hour of the trade, it corrected upto 10450 mark. We saw a pullback again towards the opening level but the Nifty then witnessed a selling pressure for rest of the session and ended with a cut of about 1.5% around 10300. The U.S. bourses ended deeply in red and the Asian markets too were trading with a negative bias Thursday morning. Nifty was trading with a deep cut, however, our market opened marginally negative and took support around 10200 in first few minutes of opening. The index then pulled higher upto 10350 and then oscillated within this range and ended with a marginal cut of 20 points.The Indian markets were trading higher in Friday's volatile session, Nifty hovered around the 10330-mark.

NIFTY: A STRONG SUPPORT WILL BE @ 10000; STRONG RESISTANCE LEVEL SEEN @10600

NIFY OUTLOOK & OPTION CALL PUT TIPS FOR 25 JUNE 2020

Bears griped the market is the last hour of trades on Wednesday & closed the day below 10500 mark. Traders turned cautious in domestic market amid weakness in Asian indices including Nikkie, Hong Kong and Nifty. Sensex closed 561 points lower at 34868 and Nifty fell 165 points lower to 10305. Earlier at opening bell, Sensex rose 250 points higher at 35679 and Nifty climbed 58 points higher at 10529.  With immediate effect from date of President's nod on the ordinance, cooperative banks will come under the RBI supervision now. As a result, Nifty Bank slips 900 points; down over 4% .India's economy is likely to shrink by 5.3% this fiscal, the lowest GDP growth in the Indian history and the sixth instance of economic contraction. The disorder caused by the COVID-19 pandemic unfolded with such a speed and scale that the disruption in production, breakdown of supply chains/trade channels and total wash out of activities in aviation (some activities have started now), tourism, hotels and hospitality sectors will not allow the economic activity to return to normalcy throughout FY21. As a result, besides contracting for the whole year, GDP will contract in each quarter in FY21 (April 2020 to March 2021). However, the GDP growth would bounce back in the range of 5-6% in FY22 (April 2021 to March 2022), aided by base effect and return of gradual normalcy in the domestic as well as global economy. India's gross domestic product (GDP) will contract 5.3% in FY21. This will be the lowest GDP growth in the Indian history (Indian GDP data is available from FY51) and sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80; the previous low was negative 5.2% in FY80.

NIFY OUTLOOK & OPTION CALL PUT TIPS FOR 24 JUNE 2020

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On account of positive global cues, the Indian indices ended in the green zone after the closing bell. The Sensex scaled 35,000 levels and sustained above it by closing at 35414  i.e.  503 points above yesterday's closing. The Nifty went up 159 points and closed at 10471 levels while the Bank Nifty index regained 22000 levels after closing at 22264 levels.

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 22 JUNE TO 26 JUNE 2020

WEEKLY RESISTANCE FOR NIFTY: 10397, 10604,10873 

PIVOT POINT: 10149

WEEKLY SUPPORT FOR NIFTY:  10026, 9830, 9654

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10289, 10485, 10608

PIVOT POINT: 10113

DAILY SUPPORT FOR NIFTY:  10213, 10171, 10003

DAILY CHART FOR NIFTY

Last Friday’s v-shaped recovery turned out to be a deception for most of the bulls and including us, most of the participants expected a good start of the week. The rising concerns over the second wave of coronavirus is haunting market participants across the globe. The US markets had fallen nearly 10% last week and Monday morning, the start for the Dow Jones Futures was very much in continuation with this sell off. These clearly had a rub off effect on our markets as well and hence, post the moderate gap down opening on Monday; we extended losses in the first half to test sub-9750 levels. Fortunately, the damage was not as severe as it was looking at one point. Due to decent recovery in the last couple of hours, the Nifty managed to reclaim the 9800 mark at the close on Monday. When we closed on Monday, DOW future was trading deeply in red and there was complete turnaround seen overnight. US markets saw v-shaped recovery to close well inside the positive territory and Tuesday morning too the DOW future started with a bang. Undoubtedly we had to follow these cues and as a result, we started with a good bump up at the opening beyond the 10000 mark. Post this, market consolidated and looked a bit uncomfortable at higher levels. After Tuesday’s wild swings, on Wednesday our markets started slightly lower on the back of sluggish negative cues. However, the initial decline was immediately bought into and thereafter index slipped into a consolidation mode. In the midst of this, index slowly and gradually moved towards the 10000 mark. However, once again we failed to sustain at higher levels and saw a decent dip in last one hour of trade to conclude with nominal cut.

Our markets were undergoing some stressful atmosphere ever since the news came out of the scuffle at the India-China border on Tuesday. Hence, we could see our markets struggling at higher levels and were trading around the lower end of the consolidation range. Thursday morning, it was surprising to see that we started on a flat note despite Global markets were trading strongly in red and Nifty too indicated a gap down opening below 9800. Throughout the day, we maintained our positive posture and with the help of strong surge in the latter half, the Nifty managed to clock handsome gains over two percent. On Friday The Sensex was up 500 points at 34764 levels and the Nifty50 index hovered around 10210-mark. It has been good week for the global markets as positive sentiment on reopening the economies overshadowed reports of fresh covid cases in the US and China. Market mood was supported by a gradual resumption in business activities and an earlier-than-expected normalization in certain consumption sectors.