Bulls done very well for themselves today. Nifty managed to end in the green in a highly volatile session. After the bullish start, the nifty remained sideways in the first half however volatile swings in select index majors in the latter half unsettled the participants. On the sector front, Realty, Telecom and Metals were the top gainers whereas FMCG and IT ended with losses.
Wednesday, October 21, 2020
Tuesday, October 20, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 21 OCT 2020
Market rose for the third straight session on October 20 amid mixed global markets. At close, the Sensex was up 112 points at 40544, and the Nifty was up 23 points at 11896. The markets have entered into a range bound zone - between 11700 and 12000. For an impulsive move to trigger, we would need to get past one of these levels on the back of good volumes. Until then traders are advised to maintain caution.
Monday, October 19, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 20 OCT 2020
After opening with a gap, the Nifty did not do much thereafter. We moved in a 50-70 point range. Today markets ended firmly in the Green despite profit booking witnessed in Autos & Pharma as we saw spirited buying in Financials with good support from the FMCG space.Market ended higher for the second consecutive session on October 19 with Nifty above 11850 supported by the financial, metal and FMCG stocks. At close, the Sensex was up 448 points at 40431, and the Nifty was up 110 points at 11873. As we inch closer to the US Elections the street is bracing towards volatile markets ahead.
Friday, October 16, 2020
NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 19 OCT TO 23 OCT 2020
WEEKLY RESISTANCE FOR NIFTY: 11800, 12000,12200
PIVOT POINT: 11700
WEEKLY SUPPORT FOR NIFTY: 11500, 11300, 11100
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11800, 11900,12000
PIVOT POINT: 11700
NIFTY:
A STRONG SUPPORT WILL BE @ 11500; STRONG RESISTANCE LEVEL SEEN @12200
As far as levels are concerned, the base
has shifted higher and the previous resistance area of 11700 – 11800 should now
be treated as a strong support. On the flipside, we are very much close to the
psychological mark of 12000. The moment it’s taken out, we may see a steady
move towards 12200 – 12400 levels. Since, the banking index is back to 200-day
SMA on the daily chart and the way it closed with complete gush in the space, a
move beyond 24000 would provide strong support to the benchmark index. However,
we would like to highlight that since the move is extremely swift, anytime we
can see some intraday profit booking and hence, one needs to position
accordingly and be very fussy in stock selection.
TECHNICALLY
SPEAKING.
In the last couple of
weeks’ rally, global markets played the major part as we are seeing some
gravity defying moves despite some in between uncertainty. Initially, in our
recovery mode, we were a bit skeptical but in the first half of the week, we
had to admit the miss and eventually started participating in the move. The way
Nifty surpassed the 31st August high of 11794 with some authority and is now
within the kissing distance of 12000, the positivity is likely to extend
further. Importantly, the banking space which was following the benchmark in
the entire recovery finally showed some dominance on Friday. This factor is
very much in favor of the bulls, which may provide impetus for the extended
rally. it will be then considered as a healthy rally. Let see how things pan
out in the next couple of sessions. ‘Bearish Engulfing’ pattern at the top was something
very similar to what Nifty50 witnessed on August 31 at the 11,800 level.
August’s candle was followed by a significant decline in the index towards the
10,800 level, he said.
Monday, October 12, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 13 OCT 2020
To sustain the market trend, a lot will depend on the size and effectiveness of the stimulus. Cash voucher and advance scheme, sops to government employees, failed to cheer the market as it did not provide the required boost to the economy as expected. It is anticipated that there will be more measures revealed in the future. The market will look forward, with high hopes on Q2 results and an end to the moratorium saga. IT, Banks and FMCG will be the sectors under focus, in the near-term.
Friday, October 9, 2020
NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 12 OCT TO 16 OCT 2020
WEEKLY RESISTANCE FOR NIFTY: 12000, 12200,12400
PIVOT POINT: 11900
WEEKLY SUPPORT FOR NIFTY: 11700, 11500,
11300
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11950, 12050,12150
PIVOT POINT: 11900
DAILY SUPPORT FOR NIFTY: 11800, 11700, 11600
DAILY CHART FOR NIFTY
NIFTY: A STRONG SUPPORT WILL BE @ 11500;
STRONG RESISTANCE LEVEL SEEN @12200
We are entering into the weekend with a
strong closing where the Nifty is not very far from the 12000 price mark!
12200-12300 is a potential target which the index is capable of achieving
during the course of this month. 11500 is a good support level.
TECHNICALLY SPEAKING.
Nifty on the weekly chart formed a long bull candle
and the whole chart pattern now indicate a larger positive sequence of higher
tops and bottoms. Hence, more upside could be in store in the near term to form
a yet another higher top reversal at the new swing highs. The underlying trend
of Nifty continues to be positive. The overall chart pattern signal more upside
for the market in the near term. The upside targets to be watched for the
coming week at 12200. Immediate support is placed at 11700.
Wednesday, October 7, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 8 OCT 2020
Markets recovered quickly in Wednesday morning trade and traded in the Green throughout the day led by ahead of the RBI policy. Although the broader market was a bit lackluster, we did see sustained buying in cement and select pharma counters during the day. The upward journey of the benchmark indices continued on the fifth consecutive day on October 7 helped Nifty to close comfortably above 11700. At close, the Sensex was up 304 points at 39878, and the Nifty was up 76 points at 11739. Observation is that main indices have almost reached the last high, in context with a bounce in global and domestic economy. Going ahead the market may turn a bit volatile, in the short-term, as it will be difficult to maintain the momentum given important upcoming events of the US election and Q2 result season. Secondary indices of mid and small caps are under some resistance, as investors are risk averse at these levels. Stock wise positive or negative performance is expected to continue as per the expectation & actual performance of Q2FY21 result.
Monday, October 5, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 6 OCT 2020
Markets started the week on optimistic note led by supportive global cues. The news reports that the US President is recovering well, aided market sentiments. After a strong opening, the Nifty index witnessed some profit-taking at higher levels but managed to end the session with gains of 0.8% to close at 11,503 levels. Markets are closely following global events and the upcoming earnings season would further add to the volatility. We suggest maintaining a positive yet cautious approach and giving preferring to index majors. Nifty has next hurdle at 11600. Overall setup and momentum is positive and a hold of recent zones could extend rally, while support exists at 11450 and then 11400 levels. It has been making higher top and higher bottom formation and supports are gradually shifting higher with medium term support at 11300.
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Resistance: 11600, 11700
Support: 11450, 11300
Wednesday, September 30, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 1 OCT' 20
In the highly volatile session the benchmark indices ended with marginal gains on September 30 supported by the FMCG and IT stocks. The surge in coronavirus infections, an acrimonious buildup to US elections and geopolitical reasons kept volatility high & become a spoilsport. Nifty corrects significantly to stay in the 11000-11500 range.
Monday, September 28, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 29 SEP 2020
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Strong global cues lead Indian market higher on the 1st day of the week. Market ended higher for the second day in a row on September 28 on the back of buying seen across the sectors. At close, the Sensex was up 593 points at 37981, and the Nifty was up 177 points at 11227. In last two days, market recovered 50% of losses seen in previous 6 sessions.
Friday, September 25, 2020
NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 28 SEP TO 1 OCT 2020
FOR LIVE TRADING TIPS WHATSAPP ON 9039542248
WEEKLY RESISTANCE FOR NIFTY: 11100, 11300,11500
PIVOT
POINT: 11000
WEEKLY SUPPORT FOR
NIFTY: 10900, 10700, 10500
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11100, 11200,11300
PIVOT
POINT: 11025
DAILY
SUPPORT FOR NIFTY: 10975, 10900,
10800
It was one of the worst weeks for our markets in the recent past as the indices corrected sharply along with the broader market. There was no respite for any of the index as all the sectors, including the recent out performers took a sharp knock. Our markets started the week around the previous week’s close. The index traded within a range till noon, but it then corrected sharply on back of sell-off in the global markets and ended with a cut of over a couple of percent at 11250. Nifty started the Tuesday’s session marginally positive; however, it was mere a formality as we immediately witnessed correction and within first half an hour, Nifty sneaked below 11100. The index gradually pulled from the lows, but the bears continued their dominance and the pullback move was sold into to eventually end the day with a loss of about 100 points around 11150. On the back of positive global cues, we started the Wednesday’s session on a positive note, but once again our markets witnessed selling pressure and corrected by about 200 points from the opening level. However, we recovered some of the losses in the last hour of trade and ended the day marginally in the red. The negative global cues weighed down heavily on our markets on Thursday as the Nifty opened gap down and then corrected throughout the day to end with a loss of almost 3%. Friday the market witnessed correction as sentiments soured on Fed comments on weaker-than-expected economic recovery, increase in fresh Covid-19 cases in developed markets and on concerns of higher-than-expected credit costs in the banking sector in the near term.
Wednesday, September 23, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 24 SEP 2020
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The market ended Wednesday's volatile session on a flat note ahead of the September derivative contracts expiry due on 24 Sep 2020 tomorrow. The Sensex slipped 66 points lower at 37668 levels; index had hit an intra-day high and low of 38140 and 37313 respectively. After the huge selloff in the mid-session, the nifty finally managed to recover from its intraday low but finally ended in the red zone after the closing bell today. The Nifty dipped 21 points and closed at 11131 levels. Bank Nifty index added 39 points after closing at 21178 mark.
Monday, September 21, 2020
NIFTY OUTLOOK FOR 22 SEP 2020
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Bulls lost the ground. The Indian stock market witnessed a knee-jerk reaction to reports that some European countries are contemplating to reimpose lockdown measures as the COVID cases see a spike. Market started the 1st day of week positive & suddenly opening become like a dream as nifty corrected more than 250 points to close the day at 11250. Investors turned cautious considering surging COVID-19 cases across the country and the passage of a contentious farm bill by lawmakers in the upper house of parliament yesterday. Weak trading in European equity markets also added to the already negative sentiment on Dalal Street. The Sensex fell as much as 907 points to hit an intraday low of 37938.
Friday, September 18, 2020
NIFTY WEEKLY OUTLOOK & REPORT NEXT WEEK 21 SEP TO 25 SEP 2020
FOR LIVE TRADING TIPS WHATSAPP ON 9039542248
WEEKLY RESISTANCE FOR NIFTY: 11600, 11800,12000
PIVOT POINT: 11450
WEEKLY SUPPORT FOR NIFTY: 11300, 11200, 11000
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11550, 11600,11700
PIVOT POINT: 11450
DAILY SUPPORT FOR NIFTY: 11400, 11300, 11200
DAILY CHART FOR NIFTY
The global set up was just ideal Monday morning to have a head start for the new trading week. We began convincingly above 11500 and then slipped into a consolidation mode for the major part of the session. However post the midsession, the nifty took a nosedive and within a blink of an eye, we not only pare down gains but also sneaked well inside the negative territory. Fortunately a modest recovery at the end reduced the damage on a closing basis. The overnight rally in US markets had a rub off effect on almost all major Asian bourses. Hence, we too started the Tuesday session with a gap up opening despite Monday’s shaky session. Subsequently, similar to recent behaviour, index went into a consolidation mode and kept flirting around the 11500 mark. However from nowhere, a strong buying emerged in the banking conglomerates at the stroke of the penultimate hour. This pushed Nifty higher to end convincingly above 11500. We had a flat to positive start Wednesday despite Nifty indicating a sluggish start early in the morning. Similar to recent trend, the index consolidated in a small range throughout the first half. However, post the midsession, some strong buying emerged in banking as well as IT counters. This resulted into Nifty surpassing the intraday hurdle of 11570 to reclaim the 11600 mark. Thursday morning, the global markets looked nervous and hence, we were about to open lower after Wednesday's smart move. The Nifty was indicating a start below 11500 with more than 100 points cut; but fortunately, Nifty did not open in line with what nifty was indicating. In fact, post the initial hiccup, markets stabilized and recovered a bit. However, the global weakness eventually weighed down heavily and we corrected towards 11500 around the midpoint. Post this, some volatile swings were witnessed in a range of 50 points to eventually conclude the weekly expiry tad above the 11500 mark.
NIFTY: A STRONG SUPPORT WILL BE @ 11300; STRONG RESISTANCE LEVEL SEEN @11800
Indices seemed to have lost clear direction and are clearly trapped in a range. This week, we witnessed strong sell off from higher levels, it was almost the reverse action. With this week late surge in banking stocks, both Nifty as well as BankNifty are interestingly poised. For Nifty, if 11600 is taken out, we would see some extension towards 11700 - 11800 levels. On the flipside, 11400 followed by 11300 are to be seen as key supports.
TECHNICALLY SPEAKING.
Although, this week weakness in our market has to do with the global cues, we are not surprised with it. Despite a strong tail end surge of this week, we avoided longs and had mentioned the configuration of the 'Bearish Wolfe Wave' pattern on the weekly chart. The observation has certainly proved its significance this week; but honestly speaking, this week correction was nowhere close to a sell-off, rather can only be interpreted as a small profit taking. But having said that we continue to remain cautious and still do not expect the Nifty to surpass the sturdy wall of 11650-11700 soon. Going forward, 11450-11350 would be seen as crucial support and a move below this would trigger some decent correction thereafter. Since US Dollar Index and Equity markets are inversely correlated, any surge in this would lead to correction in our markets. Hence, it is important to take a note of this development as well.
Thursday, September 17, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 18 SEP 2020
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Market closed lower on Thursday following Fed's
statement of slow US economic recovery. The Sensex & Nifty erases
yesterday's gains to close with a cut of nearly 1% each. Sensex slips 323
points to 38980 & Nifty 88 points to 11516. Nifty Bank falls 253 points to
2,320 & Midcap index 42 points to 17411. The Indian market ended near day's
low on Thursday following losses due to losses in metal and bank indexes.
Reliance Industries' dragged the market most, ending 1.19 percent lower. Other
index heavyweights that dragged the market today are TCS and HDFC twins.
Barring pharma, media and IT indexes, all others ended in red. Nifty Realty
slipped the most amongst its peers, by 1.68 percent followed by Nifty Metal and
Nifty PSU Bank. Dr Reddy, ZEEL, HCL, INFY and Maruti were the Nfity50 top
gainers while Hindalco, Tata Motors, Shree Cement, Bajaj Finserv and Adani
Ports remained the index top losers. There are currently no fresh
triggers for the market and we can expect volatility. Market is more or less in
a consolidation phase after a huge rally in the last few months, we believe.
Traders are likely to look at global cues to decide the direction of the
market. Now index has established an immediate support near to 11450 and 11400
while a hold above 11550 zones could again give an upper hand to bulls to drive
the move towards 11600 and 11650-11700 zones.
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On 9039542248
Resistance: 11550,
11650
Support: 11450,
11350
Tuesday, September 15, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16 SEP 2020
Monday, September 14, 2020
NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 15 SEP 2020
Monday market closed in red. The Sensex closed the day 98 points lower at 38756 While Nifty closed 24 points down at 11440. . Investors are also monitoring key developments into the race of vaccine to fight virus. The Fed will meet on 15-16th September but the market does not expect the policy makers to change guidance is on how long the rates will stay near zero, still it will be an important event. The US dollar has continued to drift lower hence the outlook for the yellow metal in intraday is positive.The Nifty closed the day near 11450 and formed a bearish candle on daily chart, as the closing was lower than the opening value. Considering the consistent weakness after the recent rally, we advise you to avoid long positions. The Nifty was decisively trading below its 50-day moving average and if it slips into some sort of multi-days downtrend, then corrective swing would get extended into the 11400–11300 zone. For the time being, strength in the index shall not be expected unless it closes above 11500 levels. Traders should avoid long positions and look for some signs of stability around 11550 whereas existing shorts should be squared off if the Nifty fails to close below 11600 in the next trading session.
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Resistance: 11500, 11600
Support: 11400, 11300
Saturday, September 12, 2020
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Friday, September 11, 2020
NIFTY WEEKLY OUTLOOK & REPORT NEXT WEEK 14 SEP TO 18 SEP 2020
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DAILY RESISTANCE FOR NIFTY: 11500, 11600,11700
PIVOT POINT: 11450
DAILY SUPPORT FOR NIFTY: 11400, 11300, 11200
DAILY CHART FOR NIFTY
Wednesday, September 9, 2020
NIFTY OUTLOOK & CALLS FOR F&O 10 SEPTEMBER 2020
FOR LIVE MARKET TRADING TIPS WHATSAPP ON 9039542248
Situation is getting worse day by day for the bulls. On a day when the bulls had nothing going for them, with GDP forecast, geopolitical issues and the underperformance of PSU stocks playing against them, we witnessed a spirited comeback in late afternoon trade. Select pivotals led by Reliance took the lead, ably supported by several stocks across sectors, despite the hiccups seen in several cash market stocks. After opening with losses and drifting lower, the benchmark indices recovered towards the latter half of trading but still ended the day with losses. With Asian markets all ending in losses, the slight recovery seen in the Indian markets mirrored the positive opening in the European markets. A sell-off in the US tech stocks and a setback to one of the vaccine trials kept markets on edge. Indian markets are expected to be in sync with the global markets and also react to the ongoing border tensions with China. There are currently no fresh triggers for the market and we can expect volatility. Market is more or less in a consolidation phase after a huge rally in the last few months, analysts believe. In an eventless week, traders are likely to look at global cues to decide the direction of the market. Now index has established an immediate support near to 11150 and 11100 while a hold above 11300 zones could again give an upper hand to bulls to drive the move towards 11350 and 11400-11500 zones.
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tips Whatsapp On 9039542248
Resistance: 11300,
11400
Support: 11150,
11100