NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 20 APRIL 2022

Type	R1	R2	R3	PP	S1	S2	S3
Classic	17252	17330	17422	17160	17082	16990	16912
Fibonacci	17225	17265	17330	17160	17095	17055	16990
Camarilla	17189	17205	17220	17160	17158	17143	17127

 Indian equity benchmarks Sensex and Nifty fluctuated between gains and losses on Tuesday amid choppy trading, tracking mixed movements in global markets. Losses in financials and select IT stocks dragged the leading indices lower, although gains in auto, metals and oil & gas stocks provided some support. Investors awaited more quarterly earnings reports from India Inc for clues, a day after Mindtree released a strong set of financial results covering the period between January and March. Globally, news of the war between Russia and Ukraine and rising COVID infections in China stayed on investors' radars. We have witnessed chaos in the markets for the past 30 minutes. Benchmark indices corrected nearly 1.5% today on weak global leads. In the current war, things seem to be getting worse between Russia and Ukraine. The Nifty started the session on April 19 on a positive note but failed to build on early gains. Despite several attempts throughout the day, the index failed to break above the 20 HMA and 40 DEMA. These moving averages prompted the bears to act, leading to a sharp decline towards the end of the session. In the highly volatile session on April 19th, the benchmark indices closed lower with Nifty closing below the 17000 mark. At the close, the Sensex was up 703 points, at 56463 and the Nifty was up 215 points,at 16958. 

we advised you to stay invested in quality stocks and avoid stocks with weak fundamentals in the coming days. Investors should remain cautious and hold enough liquidity to add quality stocks whenever they dip. For Nifty, 16650 will act as a very strong support if we could break the 16600 level and if that level is also broken then the next stop will be around 16500 level. On the upside, 17050 acts as a very strong resistance. If Nifty breaks above these levels, we may see 17100 to 17350 levels. For the banking index, 36150 will act as a very strong support, if this level breaks, next support will be at 35800 levels and then 35600 level is possible. On the upside 36200 will act as a strong hurdle for the banking index, if this level is broken the next strong resistance is around 36500, after that 36800 levels are possible. Consequently, the Nifty broke the 200 DMA and the 16800 level on a closing basis. The overall structure indicates that the selling pressure may continue. Therefore, the index is expected to continue falling towards 16800-16600 in the short-term. On the upside, today's high of 17300 will now act as a key short-term barrier.

Resistance: 17251, 17329, 17121

Support: 17081, 16989, 16911

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 19 APRIL 2022

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Markets started the week subdued in continuation of the prevailing consolidation phase and ended the session with a significant loss of almost two percent. After a gap down open amid weak global cues, the benchmark trades bearish throughout the day. Lower-than-expected results from heavyweights such as Infosys and HDFC Bank also weighed on sentiment. Consequently, the Nifty closed 1.7% lower at 17173 levels. The broader mid-cap and small-cap markets also ended lower, down 1.1% and 1.3%, respectively. Sector indices showed a mixed trend with IT and Banking being the biggest laggards while Auto, FMCG and Energy were the winners. We believe global clues as well as the outcome of the Q4 results will continue to add additional volatility in the coming sessions. As such, we remain cautious on the markets and recommend traders to hedge their position. The Nifty index gapped down on the weak global cues and settled at 17173 down 1.73%, while the Bank Nifty index ended at 36729 down 1.96%. The India VIX market volatility index rose 9% on the day. 

NIFTY WEEKLY PREDICTION & TRADING TIPS FOR 18 APRIL TO 22 APRIL 2022

Type	R1	R2	R3	PP	S1	S2	S3
Classic	18,066	18,347	18,580	17,833	17,552	17,319	17,038
Fibonacci	18,030	18,151	18,347	17,833	17,637	17,515	17,319
Camarilla	17,831	17,879	17,926	17,833	17,737	17,690	17,643

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The shortened week started on a weak note on 11 April 2022, which was based on the global stock exchanges. The benchmark Nifty50 index moved in a narrow range throughout the session, indicating market participants are cautious. The index ended the lackluster day in red, down 0.62% to settle slightly below the 17700 level. The Indian stock market got a muted start on Tuesday, gapping lower, following weak global signals. Benchmark index Nifty50 tumbled below the crucial 17500 support zone in initial trading and remained range bound for most of the session. There was some sort of recovery at the bottom of the tipping point that helped the Nifty bounce slightly, but a correction set in soon after. Finally, the index ended the day just above the 17500 level, down 0.82%.Market ended lower for the third consecutive session on April 13 on the last trading day of this week with Nifty below 17,500.At Close, the Sensex was down 237 points at 58338, and the Nifty was down 54 points at 17475. Though the global markets have already factored higher levels of inflation owing to high fuel and food prices, the unfavorable numbers dampened investor sentiments. The ECB policy decision will be closely monitored for direction on how the Central bank plans to balance slowing growth and record-high inflation. With the onset of the earnings season, the market is likely to be buoyed by sector specific momentum.

NIFTY: A STRONG SUPPORT WILL BE @ 17400; STRONG RESISTANCE LEVEL SEEN @ 17800

Currently, the 17400 level should be closed as any decisive close below it could dampen the inherent bullishness in the market. Placing the index above its significant exponential moving average could be seen as a last resort of relief for the bulls. Meanwhile, the earnings season is expected to play a crucial role in the short-term trend movement. Currently, the index placement on the chart shows the lost traction due to the shortened week followed by the earnings season. However, the market undertone is likely to remain in favor of the bulls until 17400 level remains intact. Looking at the recent price action in the index, 17600 is expected to act as a buffer for any decline, followed by the 17400 level's sacrosanct support zone. On the contrary, the bullish momentum was seen once the critical 17900- 18000 was decisively breached. 

TECHNICALLY SPEAKING

Nifty has experienced profit taking and tested the first line of defense i.e. H. 20 EMA. Signs point to a recovery on the weekly monthday; However, the upside may also remain limited. According to the derivative data, the 17700-17800 zone is holding a strong resistance for the day while 17600 would act as a cushion. Participants should consider a buy-on dips approach. The NSE Nifty 50 Index can trade in the 17400-17700 range. Nifty ATM options implied volatility also suggests little volatility on either side of this range in the monthly session. The opening minutes of the session show that the 17600 saw high put writing activity. On the other hand, on the upside, call writing is seen at the 17700 and 17800 levels, although the maximum call OI is at 18000. In any case, given the very high amount of call OI at 17700-17800, the tops from current levels will remain limited and markets could spend the day in sideways movement as far as intraday moves are concerned. India VIX, a market volatility indicator often referred to as a fear gauge, is currently trading at 18.25%, down from 19% last week. The Nifty ATM options implied volatility for the current series is 15.90% as opposed to 18.23% last week, indicating low volatility on both sides during the monthly session. Nifty OI distribution of put options shows that 17500 has the highest OI concentration followed by 17400 and 17300 which could serve as support for the current month and on the call front was 17600 followed by 17700 and 17800 , witnessing significant OI concentration and may act as resistance for April 21, 2022 expiry. On the weekly options, call writing was seen at 17,600 strikes followed by 17,700 & 17,800, while on the put side, notable writing activity was seen at the 17,500, 17,400 & 17,200 strikes. Options data points to an immediate range between the 17800 and 17300 levels.

BANKNFITY PREDICTION & OPTION CALL PUT TIPS FOR 18 APRIL TO 22 APRIL 2022

Type	R1	R2	R3	PP	S1	S2	S3
Classic	38,024	38,300	38,680	37,644	37,368	36,988	36,712
Fibonacci	37,895	38,050	38,300	37,644	37,394	37,239	36,988
Camarilla	37,808	37,868	37,928	37,644	37,687	37,627	37,567

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The Bank Nifty index saw fresh short position built up in the future segment indicating weakness. The index however is stuck in a broad range between 37,000-38,000 and a breach on either side will result in trending action.  The index if breaches the level of 37,000 next week will open room for further downside towards 36,000 level. Banknifty points to an immediate trading range between 37500-38500 levels. The Banknifty is unlikely to break above 38500 in coming week expiry 21 dec 2022, thus advising investors to wait for a dip around 37500-37800 or a break above 38200 to go long. For the banknifty , we suggest taking a buy-on-dips approach. Very high call writing is seen at 38200 levels on the Bank Nifty front. This level also has the maximum Call OI accumulation. As such, Bank Nifty is unlikely to go beyond this point. On the downside it has support at 37500 for the next week . Bank Nifty has proved resilient given recent profit taking; However, crossing the 38500 zone would be difficult in coming week . On the downside, the 37500 level has a maximum PE OI, so this zone would act as immediate support. Participants should wait for a dip around 37600-37700 or a breakout above 38000 to go long. The Bank Nifty Put Options OI distribution shows that 37500 has the highest OI concentration, followed by 37200 and 37000, which could act as support for the current expiration, and on the call front, 38000 showed, followed by 38500 and 39000, a significant OI concentration and could act as a drag. On the weekly options of 21 april 2022 expiry , call writing was seen at 38000, 38200, and 38500, while on the put side, it was seen at 37000, 37200, and 37500. Options data showed an immediate trading range between 37000 and 38000.

WHAT WILL BE THE NIFTY MOVE IN NEXT WEEK 18 APRIL 2022 ???

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Market remained in negative territory for a third day in a volatile session on Wednesday, as inflation surged to a 17-month high in March. The Sensex slipped into the red around midday, closing 260 points lower at 58315, while the Nifty ended at 17465, 64 points lower. points. Markets made a meaningful bottom in March and we have been trying to figure out how to really manage this entire move higher while news flow remains negative. In the very short term we have key support which is close to the 20 day moving average, it is also a 61% retracement of the rally we saw from 17000 sometime in late March to the highs and then we have each other withdrawn. So around 17425-17400 is a critical support level. For Nifty, 17425 will act as very strong support on breaking which we might see 17350 levels and if this level is also breached than next stop will be around 17300 levels. On upper side 17600 will act as very strong resistance, if Nifty goes beyond these levels than next stop will be around 17700, which if broken will take markets to 17800 levels.

RESULT IN THE NEXT WEEK 18-04-2022 TO 22-04-2022

Mindtree Ltd 18-04-2022

ACC & Larsen & Toubro Infotech Ltd  19-04-2022

Tata Elxsi Ltd  & ICICI Securities Ltd  20-04-2022

HCL Tech , L&T Technology Services Ltd     21-04-22

L&T Technology   21-04-22

Tata Metaliks Ltd 22-04-2022

NIFTY BEARISH OR BULLISH ? READ OUTLOOK FOR 13/04/2022

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Concerns over a slowdown in consumer spending following a rise in fuel prices ahead of the earnings season hit investor sentiment today. Hyperinflation and the risk of interest rate hikes are rattling the global market and hurting the performance of rising yielding stocks. Inflation in India is also expected to be on the higher side in the first quarter of FY23, expected to ease on a reversal in commodity prices and improving supply. The domestic market is also cautious in anticipation of the Q4 results. Nifty, posting the open to the downside, broke 17600, the key support level. Indian benchmark indices ended April 12 for the second consecutive month lower in volatile trading. At the close, the Sensex was down 388 points to 58576 and the Nifty was down 144 points to 17530.

Technically, the Nifty has closed below the 10-day SMA after a long time. We think the broader market structure is still weak and renewed uptrend rally is only possible after breaks above 17650. Below these levels we could see further weakness to 17600-17500. The Nifty broke off an inside bar pattern formed on the daily chart on April 11th. However, the selling pressure was absorbed near the 20-day moving average, prompting the bulls to act. Consequently, the index managed to hold the 17500 level on a closing basis. The overall structure suggests that the index has reached the bottom of near-term consolidation with the recent minor dip. 17500-17400 is a crucial support zone from where the index can make a bounce up towards 18000. Therefore, from a short-term trading perspective, the risk reward at this level is quite attractive to open a new long position. On the other hand, if Nifty manages to trade 17650, it will rally to 17700 and 17800. The market structure is volatile therefore level based trading would be the ideal strategy for the traders. The Bank Nifty Bulls came back strong in the second half, outperforming the Nifty Index. The index is near the 38000 resistance zone and it needs to decisively break above this level for the bulls to take full control. The 37400-37300 lower zone acts as a bid area and a close below will trigger new selling pressure.

Resistance: 17600, 17700, 17800

Support: 17500, 17400, 17300

NIFTY & NIFTYBANK PREDICTION FOR 12 APRIL 2022

Type	R1	R2	R3	PP	S1	S2	S3
Classic	17,884	17,984	18,126	17,743	17,642	17,500	17,400
Fibonacci	17,835	17,892	17,984	17,743	17,650	17,593	17,500
Camarilla	17,835	17,828	17,851	17,743	17,762	17,740	17,718

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The market closed on Monday, April 11, 2022 on a negative note. The investors are skeptical about the ECB meeting, the release of US inflation data and the start of the domestic Q4 earnings season. Indian IT sector suffered from weak earnings expectations on a QoQ basis. For this shortened week as market is closed due to holiday on 14 April & 15 April, the market is cautious as trading is on the upside of the trend and momentum has shifted from broad to stock specific. Negative sentiment on Asian equities impacted local stocks as investors followed suit and trimmed their positions in risky contracts. Investors particularly avoided technology stocks ahead of TCS results on concerns that a muted earnings outlook for the next quarter could lead to further selling in the sector. Benchmark indices closed lower on April 11th with Nifty closing below 17700, dragged by IT and capital goods stocks. At the close the Sensex was down 482 points at 58964 and the Nifty was down 109 points at 17675.

After a negative open, the Nifty has been hovering in the 17780 -17650 range. Technically, on daily charts, the index has formed a small bearish candle inside the body, suggesting indecisiveness between bulls and bears. We believe that a 10-day SMA and a 17642 retracement support zone would act as key support levels for the Nifty. Additionally, a strong possibility of a pullback rally to 17884-17984  is not ruled out. On the downside, below the 17742 range breakout, the market could retest the 17642-17500 level. The battle between bulls and bears in the Bank Nifty index continued and a break above 38,000 will confirm the upside. The lower end of the 37,000-36,800 zone will act as a buffer and a decisive break below will only result in further selling pressure.

Resistance: 17806, 17892, 17984

Support: 17742, 17650, 17500

BANKNFITY OUTLOOK & OPTION CALL PUT TIPS FOR 11 APRIL TO 13 APRIL 2022

The Nifty Bank Index closed positive on Friday. Stocks of Bandhan Bank (up 2.53%) AU Small Finance Bank (up 1.98%) Federal Bank (up 1.78%) IndusInd Bank (up 1.34%) and Kotak Mahindra Bank (up 1.02%) ended the day as the top winner in the pack. On the other hand IDFCBANK (down 1.3%) and HDFC Bank (down 0.14%) ended the day as the biggest losers. The Nifty Bank Index closed up 0.52% at 37752.

Bank Nifty Outlook

On the daily chart the index has formed a bearish candle with a long upper shadow indicating selling pressure and resistance at higher levels. The index is floating in a higher top and higher bottom formation on the daily chart indicating a near-term uptrend. The chart pattern suggests that if Bank Nifty breaks above the 37800 level and holds there would be some buying taking the index towards the 38000-38200 range. However if the index falls below the 37500 level there would be selling that would take the index towards 37200-37000. Banknifty is trading above the 20-day SMAs which is signaling a bullish bias in the short to medium term. Bank Nifty remains in an uptrend over the medium and long term so buying on the downside remains our preferred strategy. The daily strength indicator RSI has turned positive and is above its reference line indicating continued strength.

Bank Nifty Derivative Outlook

On the daily chart the index has formed a bearish candle with a long upper shadow indicating selling pressure and resistance at higher levels. The index is floating in a higher top and higher bottom formation on the daily chart indicating a short-term uptrend. The chart pattern suggests that if Bank Nifty breaks through 37800 and holds there would be some buying that would lead the index towards the 38000-38200 range. However if the index falls below the 37500 level there would be selling that would take the index towards 37200-37000. Banknifty is trading above the 20-day SMAs signaling a bullish bias in the short to medium term. Bank Nifty remains in an uptrend in the medium and long term so buying on the downside remains our preferred strategy. The daily strength indicator RSI has turned positive and is above its reference line indicating continued strength.