NIFTY BANKNIFTY OUTLOOK FOR BUDGET WEEK 31 JAN 2022 TO 4 FEB 2022

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WEEKLY RESISTANCE FOR NIFTY: 17300, 17650, 18000

PIVOT POINT: 16800

WEEKLY SUPPORT FOR NIFTY:  16600, 16450, 16200

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 17200, 17300, 17400

PIVOT POINT: 17000

DAILY SUPPORT FOR NIFTY:  16900, 16800, 16700

DAILY CHART FOR NIFTY

Monday, we began the week on a flat note thanks to mixed global cues. After a few initial trades, the negative trend returned. In fact, as the day progressed, the sell off intensified to break all intraday support levels one after another. Due to minor recovery in the end, the Nifty eventually settled above 17100 by losing nearly 3%.DOW futures traded with a deep cut Tuesday morning, followed by a gap down and a sharp correction to almost reach the 16800 mark. Due to the oversold market, the Nifty rose towards 17300 by the close. Wednesday market was closed on occasion of republic day. Despite a one-day gap, our markets started the Thursday session on a weak note as global markets continue to sulk post-Fed. In fact, the selloff accelerated around mid-session to hasten towards Tuesday's low. Fortunately, the bulls are not to be intimidated as they continue to push higher. Banking sector strength contributed to a subsequent recovery and limited Nifty's losses to less than 1%.   Investors at the stock market breathed a sigh of relief on Friday, as the market stopped selling, and the focus shifted to the Nifty50's quarterly earnings. All sectors saw buying on Friday. IT and realty indices were the most resilient after heavy selling. The Sensex ends 77 points lower than its high; Nifty holds above 17,100; NTPC jumps 4%; Adani Wilmar's IPO is a success. A tug of war between improving corporate earnings and fundamentals in India and global tapering and rate hikes will keep markets more volatile in 2022, unlike 2021 when it was a trending market.

NIFTY: A STRONG SUPPORT WILL BE @ 17400; STRONG RESISTANCE LEVEL SEEN @ 18200

Until & unless, the worldwide vulnerability don't vanish, we are likely to have challenging markets where the instability remains on the higher side. Presently the budget is around the corner and hence, we don't anticipate any conclusive move (on either side) for next couple of days. In fact talking, 16800 is considered to be a significant level since it coincides with the 78.6% retracement of the later up move as well as the drift line support. Showcase has not as it were overseen to hold it in final couple of sessions but too had an amazing recuperation to recover 17000 with a few specialists. Thus, as long as this back holds, we remain confident for a few recuperation from hereon.

TECHNICALLY SPEAKING

Taking a look at the day by day time outline chart, ready to see Clever following nearly by 50% of the later rally and saw a few relief after nearing the ’89-day EMA’. Thus, for the coming week, 17500 – 17400 should be considered as vital bolsters. In spite of the fact that the global picture isn't great, we still would like to back our slant towards a few alleviation move. On the off chance that any recuperation should happen there would not be better levels than this. On the upside, to begin with sign of quality would begin over 17800 and after that we will recover the 18000 terrain ahead of the budget itself. To begin with couple of sessions would be imperative for advertise because it will set the tone ahead of the mega event. As distant as our understanding is concerned, one ought to center on Monetary and Auto space since in case of a recuperation, they are the ones to be the frontrunners..

NIFTY OUTLOOK FOR FEB SERIES 28 JAN 2022 & BUDGET SESSION

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After a day of hiatus, benchmark indices were back in the red on Thursday as the US Federal Reserve spooked markets by announcing a timeline to raise interest rates. But some buying in the afternoon gave hope to bulls. Value stocks made a comeback with the PSU Bank index rallying over 5%. The market was well supported by auto stocks to stage a smart recovery. At the same time, IT and pharma stocks witnessed profit-taking. The Sensex declined 581 points to close at 57276. Consequently, Nifty closed at 17110; down by 1%. Excessive volatility on the global front is keeping our markets also on the edge. With the US FOMC meet behind us, we expect some stability now. However, the prevailing earnings season and upcoming Union budget 1 February 2022 would keep the participants enthusiastic. The recent buoyancy in the banking space is certainly encouraging but the other sectors should also support for any meaningful recovery. We feel it’s prudent to stay light and let the markets stabilise. Consequently, the Nifty held on to the psychological mark of 17000 on a closing basis for yet another session.  The overall structure shows that the index is preparing for a short term bounce towards 17300-17500. On the flip side, 16900 will continue to act as a near term support on a closing basis with major support at 16800.

Resistance: 17350, 17425, 17575

Support: 17200, 17000, 16800

NIFTY OUTLOOK FOR EXPIRY 27 JAN 2022 & BUDGET 2022

Market made a smart recovery and ended higher in the highly volatile session on Wednesday 25 January 2022 supported by the auto, power and banking names except IT all other sectoral indices ended in the green with. At close, the Sensex was up 366 points at 57858, and the Nifty was up 129 points at 17278. Afternoon trade witnessed investor appetite in stocks of PSE and advance - decline ratio ended the day on a positive note. Investors bought into the 1000 point dip in the Sensex today morning as Banks & Autos led the recovery. As markets approach important near term events, the mood appeared circumspect although on the positive side the street is going into the Union Budget much lighter post the recent correction.  The markets have closed above 16950 which is a crucial medium-term support for the Nifty. If we need to bounce or make a V shape recovery, this is the place from where that can happen. 

EXPIRY 27 JAN & BUDGET 2022 AHEAD; TRADING TIPS FOR 25 JAN 2022

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Carnage on the d street as nifty went below 17000 mark. All the sectoral indices ended in the red with auto, metal, IT, power, pharma, realty, FMCG, capital goods down 2-6 percent. BSE midcap and smallcap indices fell 4 percent each. The Nifty opened on a negative note on January 24 & witnessed sharp follow through selling. The selling pressure intensified as the index breached the recent Doji pattern’s low of 17485. In terms of the Fibonacci retracement, the index has done deep retracement of the Dec – Jan rally.  Market corrected massively, possibly reacting to US equities trending lower and rise in crude oil prices. In my view, there were no positive triggers to take the market upwards in the near term and which is why volumes in large cap names are down 20-30% in 2022 so far, as compared to 2021, even when market caps are higher by 20-25% on a year-on-year basis. While a further 500 points downside cannot be ruled out in the Nifty, on the brighter side, the stock market is much lighter and healthier, heading into the Union Budget, after the high in mid-October 2021. Corporate earnings have been positive so far and Omicron didn’t disrupt the economy materially. The structural story remains intact and I am confident that Nifty will achieve a higher high in 2022, than what we saw in 2021. At close, the Sensex was down 1500 points at 57491, and the Nifty was down 468 points at 17149. 

We expect volatility to remain high as investors await the Fed meet outcome. Moreover, pre-budget jitters, earnings announcements and upcoming monthly expiry would further add to the choppiness. Traders should limit leveraged positions in the current scenario and focus more on risk management. Investors, on the other hand, should see this correction as an opportunity to buy quality stocks at a good bargain. The selling pressure abated near the daily lower Bollinger Band, which is near the key psychological mark of 17000. The index attempted a bounce thereon & closed near the 61.8% retracement mark. Thus going ahead 17000 will be the key level to monitor on a closing basis. Unless that breaks on a closing basis the index can go for a bounce & can test a falling trendline near 17500. 

Resistance: 17200, 17300, 17400

Support: 17000, 16900, 16800

NIFTY BANKNIFTY OUTLOOK FOR EXPIRY WEEK 24 JAN 2022 TO 28 JAN 2022

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WEEKLY RESISTANCE FOR NIFTY: 17700, 17900, 18200

PIVOT POINT: 17500

WEEKLY SUPPORT FOR NIFTY:  17300, 17200, 16800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 17700, 17800, 17900

PIVOT POINT: 17600

DAILY SUPPORT FOR NIFTY:  17500, 17400, 17300

DAILY CHART FOR NIFTY

Monday morning, the global markets looked a bit nervous but as we approached our opening time, the SGX Nifty recovered to some extent and as a result, we kick started the week marginally in red. Market did not take much of a time to enter the positive terrain and then remained within a slender range throughout the remaining part of the session. Although there was no real momentum in key indices, Nifty managed to reclaim the 18300 mark at the close. Our markets started the Tuesday’s session slightly in the green but right from the beginning the benchmark index looked a bit tentative. In the initial hour, Nifty tested sub-18200 levels from where the banking space took the charge and lifted markets higher to trim all losses. But market was not done with its action yet. As we stepped into the penultimate hour, the global markets became extremely nervous which resulted in a sharp decline to test 18100 at the close. Tuesday’s unpleasant session was followed by a flat opening on Wednesday despite SGX was indicating a weak start. However without wasting much of a time, the selling aggrandized in the market. Barring some recovery in the initial hour, there were no signs of respite in the benchmark index. Eventfully, Nifty ended the session above 17900 by losing yet another percent to the previous close. Thursday markets remained under pressure for the third successive session on Thursday 20 January 2022 and lost nearly 1%. The tone was negative from the beginning, tracking weak global cues which further deteriorated as the day progressed. However, a rebound in the final hour trimmed some losses.  Consequently, Nifty settled around 17757 levels; down by 1.01%. Nifty opened gap down on January 21 and posted a negative daily close for the fourth consecutive session. Domestic market continued its downward journey amid global sell off. Nifty opened negative and nosedived 222 points during the session to touch low of 17486. It however recovered from its days low and closed with loss of 140 points (-0.8%) at 17617 levels. 

NIFTY: A STRONG SUPPORT WILL BE @ 17200; STRONG RESISTANCE LEVEL SEEN @ 18200

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR PRE-BUDGET SESSION 21 JAN 2022

Markets remained under pressure for the third successive session on Thursday 20 January 2022 and lost nearly 1%. The tone was negative from the beginning, tracking weak global cues which further deteriorated as the day progressed. However, a rebound in the final hour trimmed some losses.  Consequently, Nifty settled around 17757 levels; down by 1.01%. Nifty broke its momentum support levels of 17900 and tested the 17700 levels. For the short term, selling pressure can push the index towards 17350-17450 mark. The medium term outlook remains intact as we don’t see any signs of trend reversal. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR PRE-BUDGET SESSION 20 JAN 2022

Asian market continued to weigh on domestic stocks as weak global markets coupled with concerns that a rate hike by the US Fed could be on the cards sooner-than-expected triggered wide-spread selling for the second straight session. Markets traded under pressure and lost nearly 1 %, in continuation to the previous session’s fall. The market opened flat amid weak global cues however bears regained control as the day progressed and pushed the index gradually lower. Among the sectors, profit booking in IT, financials and FMCG sectors impacted sentiments. Consequently, the Nifty settled closer to 17938; down by 0.96%. The broader markets showed some resilience and ended almost on a flat note.

NIFTY PREDICTION & NIFTY OPTION CALL PUT TIPS FOR 19 JAN 2022

On a Tuesday trading session, the benchmark index witnessed a profit booking after a continued upside move and Nifty has retreated almost 1% from the day high to close at 18113 while Banknifty has settled at 38210 levels. Markets shed nearly a percent in a volatile trading session, in continuation to the prevailing consolidation phase. The market oscillated in a range before finally settling in the red. Mixed global cues were weighing on the sentiment which triggered profit taking across the board. Among the sectors, most indices ended lower and the broader indices also closed in the red. Keeping in mind the scenario, it’s prudent to maintain a few shorts also. The focus should be on earnings and global markets for cues. Markets took a break from the recent upsurge as bears took control after weak Asian and European cues prompted investors to book profit. As a result, the Nifty has formed a long bearish candle which suggests further weakness from the current levels. It has also formed a lower top formation, indicating continuation of weakness in the near future.  

BANKNIFTY CHART TECHNICAL SUPPORT & RESISTENCE LEVEL FOR 17 JAN TO 21 JAN 2022

Type	R1	R2	R3	PP	S1	S2	S3
Classic	38,740	39,741	41,349	37,133	36,132	34,525	33,524
Fibonacci	38,130	38,745	39,741	37,133	36,137	35,521	34,525
Camarilla	37,978	38,217	38,456	37,133	37,500	37,261	37,022

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NIFTY WEEKLY OUTLOOK CHART & VIEW FOR 17 JAN 2022 TO 21 JAN 2022

Wish you all a very happy Uttarayan, Pongal, Magh Bihu, Bhogali Bihu and Paush Parva. 🙏🙏

WEEKLY RESISTANCE FOR NIFTY: 18400, 18550, 18725

PIVOT POINT: 18250

WEEKLY SUPPORT FOR NIFTY:  18125, 18000, 17825

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 18300, 18350, 18400

PIVOT POINT: 18200

DAILY SUPPORT FOR NIFTY:  18150, 18100, 18050

DAILY CHART FOR NIFTY

We kick-started the new week on 10 Jan 2022 on a cheerful note despite mixed global cues. Barring small dip around the mid-session, Nifty maintained its positive posture throughout the session and marched gradually towards the 18000 mark. Due to some tail end buying Nifty finally surpassed the psychological junction to conclude the session with over a percent gains. On Tuesday 11 Jan 2022 Despite massive volatility in US markets last night, our markets started the session on a flat note and then remained range bound for the major part of the day. Tuesday although we could see indices closing in the green, it was certainly not a smooth ride for traders as we witnessed couple of declines during the session. Fortunately these small dips were bought into by the opportunist traders to send the Nifty tad above the 18050 mark. Wednesday 12 Jan 2022 morning, the global set up was just ideal to have a head-start beyond the key resistance level of 18100. Post the gap up opening on Wednesday, our markets had a brief period of consolidation which was then followed by a slow and gradual move towards the 18200 mark. With the help of the broad based buying, the Nifty eventually ended the session above 18200 with some authority by adding over eight tenths of a percent gains. We had yet another gap up opening on 13 Jan 2022 Thursday morning as indicated by the Nifty. However this is followed by similar price action where we saw minor dip in the initial hour which eventually got bought into. Thereafter, the benchmark index remained in a range and with the help of some late recovery, managed to close almost at the highest point of the day tad above 18250. Friday 14 January 2022 market ended flat in the volatile session. At close, the Sensex was down 12 points at 61223, and the Nifty was down 2 points at 18255.

NIFTY: A STRONG SUPPORT WILL BE @ 17400; STRONG RESISTANCE LEVEL SEEN @ 18200

The market is now showing a typical behavior which generally happens after a decent rally and if any major event is close by. Both these conditions meet here as we have seen a spectacular recovery of more than 1800 points in such a short span after making a low around 16400. And we are now approaching the mega event Budget, so we are seeing this range bound activity in the benchmark index. For the coming session, the next level to watch out for remains at 18350 and once its surpassed, there is no major level visible before 18600. As of now, we do not expect a runaway move in the forthcoming session and hence, traders are advised to keep focusing on individual stocks.

TECHNICALLY SPEAKING

We are seeing a pullback after a vertical rally on the back of some weakness in global markets however there are no such negative cues for the market. If we look at the statistics then Indian Equity markets do well in the first two weeks of January but then it starts to correct near to Makar Sankranti or in between 15-20th January then there is a post-budget rally in the market. This trend may be replicated this year as well but the overall view is bullish and any pullback will be a good buying opportunity. Technically, 18000 is an immediate psychological support level while 17800/17650 is critical support levels.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 14 JAN 2022

🔥HAPPY LOHRI🔥

Markets extended gains for the fifth straight session, but it looks like bulls are showing signs of fatigue as trading largely remained rangebound.  Nifty had a volatile session amid weak global cues and weekly expiry. It closes above 18,250 as bulls maintain the momentum on Dalal Street. Nifty’s ascent towards 18,605 is on the radar. Interestingly, the gains came despite US CPI surging to the highest level since June 1982 and core CPI registering the biggest advance since 1991. The stronger readings reinforce the need for quicker interest rate hikes by the Federal Reserve. Benchmark indices ended with marginal gains in the volatile session on January 13 with buying seen in the metal and pharma names. At close, the Sensex was up 85 points at 61235, and the Nifty was up 45 points at 18257.

The index has once again given a flat to a marginal positive start in today's session. Volatility was visible owing to weekly expiry with wild swings on both sides. Going ahead 17950 -18025 will be good short-term support for upcoming trading sessions and on the upside 18300 will act as new immediate resistance. A hammer candlestick pattern is visible on daily charts indicating that the steam is cooling off and we can see sideways or profit booking sessions in the coming days. The structure of the index is in favor of bulls. Market breadth has remained at 2:1 with 36 stocks on the advancing side & 14 stocks on the declining side.

Resistance: 18300, 18375, 18450

Support: 18200, 18150, 18100

           

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 13 JAN 2022

Market ended on positive note for the fourth straight session on Wednesday 12 January 2022 led by the auto, realty, metal and power stocks. Market showed directional bias and ended in green for the fourth consecutive day. Global markets showed strength as markets reacted positively to US Federal Reserve chairman Jerome Powell’s testimony. At close, the Sensex was up 533 points at 61150, and the Nifty was up 156 points at 18212. Markets mirrored the gains seen in other global indices as investors lapped up shares of metals, telecom, auto and realty companies. Also, falling omicron cases also provided some support to the markets, which is gearing up for corporate earnings show. 

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 12 JAN 2022

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Market showcased a flattish trend with positive bias as the market weighed the expectations of a strong quarter amid concerns over rising cases, supply issue and inflationary pressure. Global market was on the edge as Fed meeting minutes hinted at rate hikes, elevated US inflation and the awaited release of US CPI inflation data. Domestic inflation levels are also likely to be significant due to unfavorable base effect though food prices have declined during December. At close, the Sensex was up 221 points at 60616. After a flat opening, index made an intraday low at 17964 levels and managed to close the session above 18000 marks at 18055 level with a gain of 52 points.

Market is expected to give good returns in coming days given the positive expectations of Q3 results and positive global cues. Traders are advised to ride the current rally with strict stop losses to their positions.  We expect the level of 17925 to act as major support for the Nifty, which, if broken, might be followed by 17875. On the upper side, 18125 will act as very strong resistance, which, if crossed, would take the index to 18225. We expect banking, auto, IT and realty shares to be in focus now. 

Resistance: 17950, 18015, 18075

Support: 17825, 17765, 17710

            

NIFTY OUTLOOK & TRADING TIPS FOR WEDNESDAY 11 JAN 2022

Markets started the week on a strong note and gained over a percent, in continuation to the prevailing up move. The benchmark index opened gap-up, tracking positive global cues and traded firm till the end. Consequently, Nifty reclaimed the 18000 mark and settled around the day’s high. Indian markets opened on a positive note following mixed to marginally positive Asian market peers as investors await more U.S. inflation data. During the afternoon session markets were trading in fine fettle as sentiments’ were upbeat after three months of selling spree, foreign investors have turned net buyers in the first week of January by infusing Rs 3202 crore in Indian equities. Additional support came as total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period, according to a quarterly employment survey by the labour ministry. At close, the Sensex was up 650 points at 60395, and the Nifty was up 190 points at 18003. Traders also took solace as India has begun administering booster doses of the COVID-19 vaccine to frontline workers and vulnerable elderly people. Amongst the sectors, all the indices ended in green wherein capital goods, realty and banking were the top gainers. The broader markets too participated and gained in the range of 0.8% - 1.3%. Markets are showing tremendous resilience amid the rising COVID cases and the focus would now shift to the earnings season. Besides, key macro data such as IIP and CPI would also be on investors' radar. Amid all, global cues would continue to induce volatility. We’re now eyeing 18100 zone in Nifty. Apart from banking, participants should focus on metal, energy and select auto counters for long positions.

Resistance: 18050, 18150, 18250

Support: 17950, 17850, 17750