Friday, July 29, 2022

STOCK Q4 RESULT COMING WEEK 1 AUG TO 5 AUG 2022

 FOR THE LIVE TRADING TIPS WHATSAPP ON 9039542248

01-Aug-22

Alkyl Amines Chemicals Ltd

Carborundum Universal Ltd

Castrol India Ltd

Escorts Kubota Ltd

ITC Ltd

Kansai Nerolac Paints Ltd

Max Financial Services Ltd

Punjab & Sind Bank

The Ramco Cements Ltd

Thyrocare Technologies Ltd

Triveni Turbine Ltd

UPL Ltd

Varun Beverages Ltd

Zomato Ltd

02-Aug-22

Adani Green Energy Ltd

Bank of India

Bosch Ltd

Brigade Enterprises Ltd

Deepak Nitrite Ltd

Dhanuka Agritech Ltd

Godrej Properties Ltd

Gujarat Gas Ltd

Indus Towers Ltd

JM Financial Ltd

Jubilant Pharmova Ltd

Lemon Tree Hotels Ltd

MOIL Ltd

Saregama India Ltd

Sheela Foam Ltd

Shyam Metalics & Energy Ltd

Siemens Ltd

Star Cement Ltd

Thermax Ltd

Tube Investments of India Ltd

Vaibhav Global Ltd

Voltas Ltd

03-Aug-22

Adani Power Ltd

Adani Transmission Ltd

Aditya Birla Capital Ltd

BASF India Ltd

Birlasoft Ltd

Chambal Fertilisers & Chemicals Ltd

Devyani International Ltd

Firstsource Solutions Ltd

Godrej Consumer Products Ltd

Gujarat Pipavav Port Ltd

Inox Leisure Ltd

Interglobe Aviation Ltd

K E C International Ltd

KIOCL Ltd

Lupin Ltd

MAS Financial Services Ltd

P I Industries Ltd

Prism Johnson Ltd

Redington India Ltd

Tata Coffee Ltd

TCI Express Ltd

Vodafone Idea Ltd

04-Aug-22

Adani Enterprises Ltd

Alembic Pharmaceuticals Ltd

Balkrishna Industries Ltd

Balrampur Chini Mills Ltd

Bayer CropScience Ltd

BEML Ltd

Berger Paints India Ltd

Bharat Heavy Electricals Ltd

Blue Star Ltd

Britannia Industries Ltd

Cera Sanitaryware Ltd

Container Corporation Of India Ltd

Dabur India Ltd

Dalmia Bharat Ltd

FDC Ltd

GAIL (India) Ltd

Gujarat Alkalies & Chemicals Ltd

Gujarat State Petronet Ltd

Hindustan Petroleum Corporation Ltd

Infibeam Avenues Ltd

J B Chemicals & Pharmaceuticals Ltd

Johnson Controls-Hitachi Air Condition. India Ltd

Kalpataru Power Transmission Ltd

Kalyan Jewellers India Ltd

LIC Housing Finance Ltd

Manappuram Finance Ltd

Poly Medicure Ltd

Praj Industries Ltd

REC Ltd

Welspun Corp Ltd

05-Aug-22

Akzo Nobel India Ltd

Alkem Laboratories Ltd

Aptus Value Housing Finance India Ltd

C.E. Info Systems Ltd

Caplin Point Laboratories Ltd

CCL Products (India) Ltd

Chemplast Sanmar Ltd

Computer Age Management Services Ltd

Engineers India Ltd

Fortis Healthcare Ltd

FSN E-Commerce Ventures Ltd

Indigo Paints Ltd

Jubilant Ingrevia Ltd

Mahindra & Mahindra Ltd

One 97 Communications Ltd

Petronet LNG Ltd

Pfizer Ltd

Sudarshan Chemical Industries Ltd

Titan Company Ltd

UCO Bank

Zensar Technologies Ltd

06-Aug-22

Amara Raja Batteries Ltd

Birla Corporation Ltd

Marico Ltd

State Bank of India

Vinati Organics Ltd

NIFTY WEEKLY OUTLOOK & TECHNICAL VIEW FOR COMING WEEK 1 AUG TO 5 AUG 2022

FOR THE LIVE TRADING TIPS WHATSAPP ON 9039542248

WEEKLY RESISTANCE FOR NIFTY: 17200, 17400, 17600

PIVOT POINT: 17000

WEEKLY SUPPORT FOR NIFTY:  16800, 16600, 16400

WEEKLY CHART FOR NIFTY









DAILY RESISTANCE FOR NIFTY: 17175, 17275, 17375

PIVOT POINT: 17075

DAILY SUPPORT FOR NIFTY:  16975, 16875, 16775

DAILY CHART FOR NIFTY




Last week's spectacular rally was followed by a soft open on Monday 25th July 2022 on sluggish global signals. After a small recovery in the initial trades, profit booking increased to sneak below the 16600 level around mid-session. However, as we entered the second half, buying picked up at lower levels, taking the benchmark index close to the morning high. The market wasn't done with its twists and turns when we saw yet another decline towards the end of the session. Eventually, Nifty ended the session with a little over half a percent cut. Although global markets were a bit nervous on Tuesday morning, July 26, 2022, we started the session on a flat note towards the close of Monday. This turned out to be a mere formality as we witnessed the benchmark index slide down in the early trades themselves. Around 16500 the market took a breather and then consolidated with a hint of some recovery. However, at the stroke of the hour before last, markets again became somewhat hesitant, leading to a resumption of downward movement to end the session down almost nine tenths of a percent. The sluggish action of the last two days was followed by a flat start in our market on Wednesday 27th July 2022. During initial trading, Nifty dipped marginally below 16450. But the bulls did not want to miss this opportunity as we saw strong buying at lower levels. As the day progressed, this momentum continued to accelerate, eventually ending the session at the highest point of the day with a gain of almost a percent. On Thursday, the Federal Reserve Chair failed to shock markets this time by announcing a 75 basis point rate hike, which was very much in line with expectations. In fact, the dovish commentary lifted the general mood in the US markets, which was positive for our markets at yesterday's open. 28 July 2022 started the session with a decent rise above the 16750 level, which continued to accelerate throughout the day. Finally, benchmark index Nifty managed to close on a 3-month high, adding more than 1.70% to the previous close. Wall Street staged a robust recovery after a shaky open on Friday, July 29, 2022 on a contraction in the US economy as the market anticipated that aggressive monetary policy would soon come to an end. This fueled optimism in the domestic market and the rupee appreciated against the dollar. . Indian benchmark indices closed higher for the third straight day on July 29 with Nifty above 17,100. On completion, the Sensex rose 712 points to 57570 and the Nifty rose 228 points to 17158.

TECHNICALLY SPEAKING

On July 29th the Nifty crossed the psychological mark of 17000. In terms of technical parameters, it has scaled above the 61.8% retracement of the April-June decline and the 200 DMA. Therefore, the index can continue to stretch higher as long as it stays above 17000. On the higher side, it may briefly test 17200-17300. Nifty remains strong as the index rose for the third straight day. Also, the index has held above the major short-term move, indicating a positive trend. The daily RSI is in a bullish crossover and rising. In the short term, the trend should remain positive. At the bottom, support is attached at 16800-16700. Upper end resistance is seen around 17500. The Nifty continued to clear hurdles and move north for another session. Despite starting the week on the negative side, the index found support near last week's gap area. The index then rallied sharply over the course of the week.  The week ended on a high with Bank Nifty's bulls in complete control, slamming the bears left, right and center. The index remains in a buy-on-dip mode with immediate support at the 36800 level. Upside resistance lies at 38,000 where the highest open interest builds on the call side and after breaking further rally towards 38,500 -39,000 zone will experience.

 

Thursday, July 28, 2022

NIFTY BANKNITY OUTLOOK & OPTION CALL PUT TIPS FOR 29 MAY 2022

FOR THE LIVE TRADING TIPS WHATSAPP ON 9039542248

Positive stimulus from global markets following the Fed's policy outcome, as well as positive gains in domestic large caps, drove the market rally. The Fed's decision came as expected, while its positive commentary, dismissing the possibility of a recession and pointing to a slower pace of rate hikes in the coming months, boosted sentiment around the world. Benchmark indices closed higher for the second straight day on July 28 with Nifty closing above 16900. At the close, the Sensex was up 1,041 points, to 56,857 and the Nifty was up 287 points, to 16929. The Indian rupee firmed, potentially attracting foreign funds into the domestic market. Domestic investors are now preparing for the RBI's MPC meeting next week and expect a rate hike of 25-50 basis points. Indian benchmark indices outperformed their Asian peers on the last day of the month as there was no surprise in the US Federal Reserve's rate hike decision, which matched expectations and fueled a rally in US markets. The optimistic sentiment also spilled over into the domestic market, leading to buying of banking, IT, metals and real estate stocks. Investors believe the RBI will also not come up with a big surprise at the monetary policy meeting in the next few weeks on hopes that inflation is on a downward trajectory. Technically, the Nifty has formed a long bullish candle on the daily charts that is largely positive. The short-term trend looks positive, but due to temporary overbought situations, we might see some profit booking at higher levels. For traders, the 200-day SMA (Simple Moving Average) of 17025 and 17100 would act as the immediate resistance levels. On the upside, 16800-16750 could be key support levels. Dalal Street staged a spectacular rebound, reflecting optimism in global equity markets amid oversold conditions, with the Fed's decision to hike rates by 75 basis points signaling nifty bulls to move higher. On the upside, benchmark Nifty and many momentum stocks shone throughout the day. The buying rush just kept going. Technically, if Niftys stays above its make-or-break support at 15621, the trading theme could shift to excited bulls and arrested bears between weeks. The Bank Nifty Index continued its upward trend and breached the immediate hurdle of 37200. The index remains in buy mode with immediate support in the 37,000-36,800 range. The next hurdle is at 37800, where a significant amount of call writing has been observed. The RSI remains in a buy zone as long as it trades above the 60 level. Nifty has moved above its previous swing high, suggesting a bullish move higher. Also, a bullish crossover of short-term moving averages should provide short-term tailwinds for the index value. On the upper end, resistance is seen at 17050/17150, while on the lower end, support is seen at 16800. Thus, 16700-16500 is now becoming a near-term support zone. As long as the index trades above this zone, it can continue to rise towards 17000 where there is a 61.8% retracement of the April-June decline and the 200 DMA. If the bulls manage to clear the 17000 level, the index can extend towards 17200 in the short term.

Resistance: 17000, 17200, 17400

Support: 16800, 16600, 16400

Wednesday, July 27, 2022

NIFTY BANKNITY OUTLOOK & OPTION CALL PUT TIPS FOR 28 MAY 2022

FOR THE LIVE TRADING TIPS WHATSAPP ON 9039542248

The bulls were back on Dalal Street after a two-day hiatus, pushing Sensex and Nifty higher ahead of the monthly Futures & Options expiration and the Federal Reserve Board meeting. Nifty closed above 16,600. At the close, the Sensex was up 547 points to 55,816 and the Nifty was up 158 points to 16,641. Sun Pharma, SBI, L&T, Divis Labs and Asian Paints were among the Nifty's big gainers, while losers included Bharti Airtel, Bajaj Auto, Hero MotoCorp, UPL and Kotak Mahindra Bank. All industry indices ended in the green, with Bank, IT, Metals, Oil & Gas, Capital Goods, PSU Bank and Pharma Index up 1-2 percent. The view changed to Bullish as we decidedly navigated 16640. The same is true for Banknfity as it forms a bullish engulfing candle on daily charts. The Bank Nifty index saw some buying from the 36,400-36,300 support zone ahead of the Fed meeting. Index remains in buy mode as long as it holds 36,300 support on the downside. The immediate resistance level on the upside is 37,000 and once broken will see another rally towards the 37,500 level. The market is keeping an eye on this week's Fed meeting and key earnings reports in the coming days, including Facebook. Nifty is currently placed at the significant overhead resistance according to the polarity change around 16800 levels according to the daily and weekly timeframe charts. Previously, both sides' movements from this hurdle led to a sharp movement. Therefore, a decent downward correction can be expected in the coming sessions. The positive sequence of higher highs and lower lows is intact and the current weakness may coincide with the formation of a higher bottom reversal at the lower levels. Therefore, further weakness from here could open up short-term opportunities for higher bottom reversal formation on the lows. The Nifty Index is likely to consolidate in the 16,500-16,700 range ahead of the Federal Reserve Board meeting. The trend remains up and one should maintain a buy-on-dip approach. Maximum total Call open interest was seen at 16600, 16800 and 17000 strikes with total open interest of 130304, 176865 and 108000 contracts respectively. Maximum Put open interest addition was seen at 16500, 16300 and 16000 strikes which added 123857 , 102293 and 129184 contracts respectively.

Resistance: 16675, 16775, 16875

Support: 16575, 16475, 16375 

Monday, July 25, 2022

NIFTY OUTLOOK FOR 26 JULY 2022

The Nifty50 fell for the first time in the last seven consecutive sessions on 25 July 2022 ,week begging Monday .Oscillators like relative strength index and Stochastic also showed a downward move, indicating that the sentiments may have turned negative ahead of the Fed meeting. All these aspects indicate that this can be a profit taking after a six-day run-up we saw till last Friday, and traders seem to be cautious ahead of the US Federal Reserve's July policy meeting. As far as it gets support at 16,520 levels and around the big gap area of 16,360-16,490 levels created in the previous week, the positive trend seems to be intact. The selling in auto, pharma, select banks, FMCG and financial services stocks pulled the market down. The broader markets were also under pressure, largely may be due to profit taking as the Nifty Midcap 100 index was down 0.09 %  and the Small cap 100 index declined 0.6 percent on weak market breadth. About three shares declined for every two shares rising on the NSE. The Nifty50 opened lower at 16,663 and remained in negative terrain throughout the session. It touched an intraday high of 16,706 and low of 16,564, before closing the day at 16,631, down 88  points.

 Resistance: 16600, 16650, 16700

Support: 16500, 16450, 16400