8.00 PM STOCK PICKS FOR TOMORROW 1 JUNE 2023

FOR LIVE TRADING TIPS & BUY SELL LEVELS IN THE BELOW STOCK FILL THE FORM VISIT https://forms.gle/HTEaPPsLvvCS7PiF9 

KOTAKBANK 

MARUTI 

BHARTIARTL 

INDUSTOWER 

DIXON 

CUB 

ADANIENT 

ONGC 

POLYCAB 

PETRONET 

SYNGENE 

TCS 

VEDL

PERFECT STOCK PREDICTED BY US !!! NIFTY OUTLOOK FOR 1 JUNE 2023

TECHM & HDFCLIFE  SUGGESTED IN OUR 8 PM STOCK WAS IN TOP GAINER

BSOFT,JSWSTEEL,TATACHEM CALLS GIVEN BY US & BOOKED PROFIT TO CHECK VISIT OUR OPTION BLOG CHECK LINK GIVEN >>>>

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Profit taking was long overdue and investors sold their holdings in metals, real estate and energy stocks on weak market signals in Asia and Europe. Traders also decided to remain silent ahead of the likely decision on the US debt deal to raise the debt ceiling as the outcome would give markets an indication of near-term direction. Technically, a reversal pattern has formed on the daily chart of the Nifty that is mostly negative. However, after an intraday sell-off, the index reached the support at 18450 and recovered sharply. As long as the market holds 18450 the positive sentiment is likely to continue and beyond that the market could rally to 18600-18700. On the downside, another sell-off is likely only after 18450 resolves. Below this level, the index could slide to 18400-18350.

Resistance: 17400, 17500, 17600  

Support: 17300, 17200, 17100

 

THINGS TO KNOW BEFORE TRADING NIFTY ON 31 MAY 2023

1. DOWN JONES SPOT PRICE 33042 DOWN BY 50 POINTS 
2. DOWN JONES FUTURE PRICE 32991 DOWN BY 98 POINTS 
3. Securities in Ban For Trade Date 31-MAY-2023: NIL
4. DIVIDENDS : State Bank of India

8.00 PM STOCK PICKS FOR TOMORROW 31 MAY 2023

TO GET LIVE TRADING TIPS OR BUY/SELL LEVELS FOR THE BELOW STOCKS FILL THE FORM VISIT https://shorturl.at/bCFH4 

RBLBANK In general, a long-term investment is the way to go. But along the way, some stocks will perform poorly. Here's how the RBL Bank Limited (NSE:RBLBANK) share price managed to fall 70% over five long years. For true believers, that's no fun. On the other hand, the stock price is up 7.4% over the past week.

APOLLOTYRE Apollo Tires (NSE:APOLLOTYRE) could have the potential to be a multi-talent.For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Apollo Tyres.Therefore, Apollo Tyres has an ROCE of 9.8%. In absolute terms, that's a low return and it also under-performs the Auto Components industry average of 14%.

CHAMMBLFERT closed the day 2% down at 280.30....

BSOFT closed the day 1% down at 336...

INDIGO risen 2% 2368....

COFORGE close 11 points down at 4409....

HDFCLIFE closed 2% up at 589....

JSWSTEEL closed 3 points up at 705....

PFC closed 4% up at 181....

REC closed 3.3% up at 140....

SBICARD closed 1.23% up at 916....

TATACHEM 2 points down at 970....

TECHM closed 14 points down at 1099....

PERFECT STOCK PREDICTION !!!! NIFTY OUTLOOK FOR 31 MAY 2023

FOR LIVE TRADING TIPS & BUY SELL LEVELS FILL THE FORM VISIT https://shorturl.at/bCFH4 

STOCK PREDICTED BY US IN YESTEDAY'S 8.00 PM STOCK TO CHECK VISIT https://tinyurl.com/48fku7fb

ITC TOPPED THE STOCK CHARTS WITH A GAIN OF MORE THAN 2% SUGGESTED BY US YESTERDAY ONLY.

 HAL UP BY 3%

IRCTC DOWN BY 2.36%

GMRINFRA UP BY 2%

AUBANK DOWN BY 2%

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Indian equities ended with gains after trading flat for most of the session. Investors remained cautiously optimistic, helped by broad-based gains across sectors and improved global signals after US lawmakers agreed a tentative debt ceiling deal over the weekend. The blue-chip Nifty 50 index gained 35 points to close at 18633, while the Sensex climbed 122 points to close the day at 62969. During the course of the day, Sensex had reached the 63000 mark a few minutes before the close of trading. Only seven of the 15 broad Nifty sector indices ended in the green. . Bajaj Finserv, HDFC Life and Axis Bank were other prominent winners. Hindalco, Adani Enterprises and Tata Steel each lost around 1.5%. We expect the Nifty 50 to follow the Bank Nifty as well and test the all time high of 18887 and possibly even higher in the near future. From a technical point of view, we believe that the previous resistance around 18450-18400 will now act as a support level, while the 18800-18900 area will serve as immediate resistance.

8 PM STOCK PICKS FOR TOMORROW 30 MAY 2023

 Below are Stocks which as per Our Research are likely to be Outperformers Tomorrow. To get specific CALL/PUT Recommendations contact us on 9039542248

GMRINFRA GMR Airports Infrastructure shares fell 11% to Rs.40.1 crore in Monday trading on the BSE after the company posted a consolidated loss of Rs.637 crore in the fourth quarter of FY23 compared to a loss of Rs.129 crore in the same period quarter of the previous year.

HAL closed at 3020 up down by 0.20 points.

AUBANK AU Small Finance Bank's share price has been on an upward trend since the fourth quarter results were announced last month. Following the announcement of AU Small Finance Bank's results, AU Bank's share price has risen from around 660 to 794 per share, on 29 may 2023 up by 2.03% recording an increase of almost a month after the announcement of fourth-quarter results for fiscal year 2022-23 20 percent.

ASTRAL Astral Limited's share price has risen sharply since April.on monday 29 may 2023 it closed at 1788.45 up by 0.68% The stock found support at 1,300 which helped it start an uptrend.

LUPIN Shares of Lupine rose 3.21 percent to Rs.805 in afternoon trade on May 29 after the pharmaceutical company announced that its subsidiary Lupine Pharma Canada had received approval from Health Canada to market a generic version of Spiriva (tiotropium bromide inhalation powder). received in the country.

IRCTC IRCTC's share price rose over 3.55% on monday ahead of the release of the company's results for the quarter ended March 2023. The share even gained 3.62% on the BSE to 647.00 per share.

ITC closed the day at 448.95 up by 1.21% Diversified corporate group ITC has indicated that the long-standing proposal to spin off its hotel business, which was put on hold during the pandemic, is now on the table.

TITAN Titan stock is currently trading at 2813.9 and is up 2.62%. This corresponds to a net change of 71.95. The stock is performing well and investors may consider it a good investment opportunity.

NATIONALUM Shares in the National Aluminum Company (NSE: NATIONALUM) rose nearly 2.5 percent on the NSE on monday, May 29 to Rs 86.50 The stock was trading in the red for the past three trading sessions.

OBEROIRLTY closed 928 points down on monday.

NIFTY OUTLOOK & BEST OPTION TIPS FOR 30 MAY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

The Nifty started the week strongly, rising more than half a percent on May 29 to 18599. It followed positive Asian signals after the preliminary agreement on the US debt ceiling and a new high for the domestic banking index. All sectors, apart from information technology and oil & gas, the index supported the daily high of 18641, also its highest level this calendar year. After opening above 18600, the index ranged between 50 and 60 points. It closed 99 points higher at 18599 and formed a doji candle on the daily chart, indicating indecisiveness between the bulls and bears. However, the mood remains positive. The Nifty is nearing 18650-187750 and possibly 18,887, its December all-time high, though not without some consolidation, experts say. Support on the downside has emerged at 18,400 level. After a long-awaited period, the Nifty bank is now breaking new ground. We expect the Nifty index to follow suit, testing the all-time high of 18,887 and possibly even higher in the near future. The recent sharp price advance that has caused short-term indicators to enter the overbought zone and subdued intraday moves may slow the Nifty's advance. It would be prudent to use downturns to go long and take profits at higher levels. The resistance around 18400-18200 will now serve as support, while the 18800-18,900 area will serve as immediate resistance. On the options up front, the maximum open call interest was at 18800 strikes, followed by 18700 and 18600 strikes, with sensible ones Call writing on similar strikes in a similar order. On the put side, the maximum open interest was 18400 strikes, followed by 18300 strikes and 18200 strikes. with writing at 18700 strikes, then 18600 strikes. The data shows that 18600-18800 is likely to be the resistance zone and 18500-18300 support zone for the index. Bank Nifty opened a gap to the upside at 44,277 and extended gains to hit a fresh intraday high of 44,483 but then consolidated in a tight 150 point range. It closed 294 points higher to a new closing high of 44,312. The index formed a bullish small-bodied candle with a long upper shadow on the daily scale, suggesting profit-taking at higher levels. Now it needs to continue holding above the 44150 level to make an upward move towards 44,500 and then a new life high of 44,750 while on the downside support is expected at 44150 and then 44,000. India VIX, the volatility indicator, rose 3.34% to 12.30 from 11.90.

Resistance: 18600, 18700, 18800

Support: 18500, 18400, 18300

STOCKS RECOMMENDATION GONE PERFECT !!!

STOCK RECOMMENDATION GIVEN IN 27 MAY 2023 TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/05/stocks-to-trade-on-29-may-2023.html

 CHAMBLFERT ROCKSS UP BY 4%

& BHEL ON FIREEE UP BY 5%

CHAMBLFERT 300 CALL WE ASKED TO BUY @ 6.4 & BOOKED @ 9.2

STOCKS TO TRADE ON 29 MAY 2023

Below are Stocks which as per Our Research are likely to be Outperformers Tomorrow. To get specific CALL/PUT Recommendations contact us on 9039542248

HDFC 

HDFC Bank currently trading near 1617 remains one of the preferred picks of us maintains a 'Buy' rating on the stock . A brokerage note highlighted that the bank is getting bigger, stronger and faster.

DELTACORP  trading at 235 .

Delta Corp shares surge 20% in a month to a 52-week high.Shares of gaming and casino company Delta Corp Ltd. rose to their highest level in 52 weeks on Thursday after rallying nearly 20 percent in the past month.

CHAMBLFERT trading at 286. Mid-cap fertiliser company Chambal Fertilisers and Chemicals reported a market valuation of ₹11,917.23 Cr on Friday during the closing session. One of the businesses of the KK Birla Group is Chambal Fertilisers. 

BHEL shares closed at 81.90 on May 25, 2023 (NSE) and has given -0.06% returns over the last 6 months and 66.13% over the last 12 months.

PERSISTENT 

Entry into billion-dollar club opens big gates for Persistent.Shares of Persistent Systems traded with gains after initial hiccups on BSE on April 26, a day after the company reported its previous fiscal's March quarter earnings which was broadly in line with Street estimates.

VEDL 

Mining major Vedanta, a subsidiary of London-headquartered Vedanta Resources, has pledged almost 95% of its holdings in Hindustan Zinc (HZL), including a pledge three days ago. The company pledged 139.4 million shares or 3.31% on Monday, following 183.8 million shares or 4.34% in April. This takes the total number of pledged shares to 2.73 billion, or 95.24% of HZL’s total shares held by Vedanta, stock exchange data showed.

OFSS 

Oracle Financial Services Software shares: Ahead of the record and the ex-dividend date, the IT services stock hit a fresh 52-week high in the previous session.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 29 MAY TO 2 JUN 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

STOCKS SUGGESTED BY US IN YESTERDAY'S POST https://niftytipsniftylevels.blogspot.com/2023/05/stocks-to-trade-on-26-may-2023.html

SBILIFE 2.19% UP

TECHM 1.02% UP TECHM 1140 CALL WE ASKED TO BUY @ 22 & BOOKED NEAR 26

WEEKLY RESISTANCE FOR NIFTY: 18600, 18700, 18800

PIVOT POINT: 18500

WEEKLY SUPPORT FOR NIFTY:  18400, 18300, 18200

WEEKLY CHART FOR NIFTY

The trading activity for the week on 22 may 2023 started on a flat note, however, without wasting any time Nifty started climbing higher. Although there was some stagnation during the mid-session, with prices staying within a range, the broader markets remained active. Towards the end of the day, there was another round of buying, resulting in the Nifty closing above 18300 with a 0.61% gain. Our markets started the 23 may 2023 session on a positive note, but after the initial gains, there was limited activity observed in key indices. Nifty hovered within a narrow range of 40-50 points for the most part of the day. However, a bout of profit booking towards the end erased a major chunk of morning gains to conclude slightly below 18350 with merely 0.18% gains. The US stock exchanges experienced significant downward pressure overnight on 24 may 2023, which influenced our markets to begin trading with a substantial gap down opening. However, the bulls seized this opportunity, resulting in a sharp rebound and recovery of the morning's losses. Similar to recent sessions, trading activity during the mid-session remained lackluster, with prices trading within a range. As European markets commenced their trading activity, we once again slipped lower, eventually ending the day with a loss of 0.34% a tad below 18300. The US markets reacted negatively to the FOMC meeting minutes and taking cues from there, the SGX Nifty indicated a weak opening on 25 may 2023. In line with this, our markets started on a negative note and as the day progressed, prices gradually declined to test levels of around 18200. During the last hour, however, the expiry factor came into play and prices bounced back sharply to regain the morning’s lost ground and end with gains of 0.20% above 18300. The Nifty Auto index closed on a positive note on Friday 26 may 2023. Indian shares advanced on Friday, with the nifty rising to a five-month high, led by information technology (IT) stocks and a jump in Reliance Industries, the country's biggest company by market capitalization. The blue-chip Nifty 50 index closed 0.97% at 18499, while the Sensex rose 1.02% to 62501.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

there is no obvious trigger for valuation de-rating in Indian markets as the monetary tightening cycle comes to an end. The trend is expected to remain positive as long as the index sustains above the support level of 18400. On the higher end, there is a resistance level at 18700.

 TECHNICALLY SPEAKING

The Nifty has finally decisively broken out of the sideways consolidation to the upside. After two weeks of consolidation, the Nifty has resumed its uptrend. This breakout is likely to be a broad-based rally in which we expect participation from all sectors. On the other hand, we expect the Nifty to target the 18800 level, which is the 161.82% Fibonacci extension level of the five-wave advance (18060 18420). on the hourly charts. The hourly momentum indicator is showing a positive crossover and the daily momentum indicator is about to show a positive crossover. Therefore, both the price and momentum indicators suggest that the positive momentum is likely to continue. Overall, we are changing the outlook for the target to positive from 18800 from a short-term perspective.

STOCKS TO TRADE ON 26 MAY 2023

 Below are Stocks which as per Our Research are likely to be Outperformers Tomorrow. To get specific CALL/PUT Recommendations contact us on 9039542248

HAL

GUJGASLTD

HDFC

M&MFIN

MFSL

SBILIFE

TECHM

DLF

ESCORTS

BAJAJAUTO

BALKRISHIND

NIFTY OUTLOOK & BEST OPTION TIPS FOR 26 MAY 2023

ASHOKLEY STOCK PREDICTED BY US IN YESTERDAY'S 8.00 PM STOCK SUGGESTION TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/05/stock-suggestion-for-25-may-2023.htmll WAS DOWN BY 3% , IN TOP LOSER ,PFC UP BY 2.16 %

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

On the final day of the monthly F&O series, the benchmark indices enjoyed a volatile trading session, with the Nifty closing 36 points higher. Among sectors, reality and digital indices were up nearly 1%, while PSU banks and pharma stocks posted intraday gains. Indian benchmark indices ended the highly volatile session on May 25th on a positive note. To finish, the Sensex was up 98 points, to 61872 and the Nifty was up 35 points, to 18321. Global markets maintained their influence, exerting downward pressure on the domestic market in response to weaker signals from the US market and the recession in Germany. However, as US futures rose, fueled by a sharp increase in chipmaker Nvidia's sales forecasts, the domestic market efficiently erased its earlier losses.

Nifty remained volatile throughout the day but found support around 18200 before moving higher. The RSI is in a bullish crossover on the lower time frame, suggesting that the momentum is in the bulls' favor. On the upper end, resistance is seen at 18450. Support is seen at 18250. Overall, the outlook for the market is positive, but some volatility is still to be expected. Traders should take profits on rallies and look for buying opportunities on downturns. The battle between bulls and bears continues in the Bank Nifty Index. The bulls have tried to push the index higher, but the bears have been successful in containing it. The monthly cycle was characterized by volatile trading but the index held the 43500 support. This is a positive sign for the bulls as it shows that demand for the index remains at this level. Resistance is at 44000, where the highest open interest is being built on the call side. This means that if the index can break through this resistance level, there is a lot of potential for a rise.

Resistance: 18350, 18400, 18450

Support: 18300, 18250, 18200

STOCKS SUGGESTION FOR 25 MAY 2023

Below are Stocks which as per Our Research are likely to be Outperformers Tomorrow. To get specific BUY/Sell Recommendations contact us on 9039542248

ONGC 

HDFCAMC

PETRONET

PFC

ASHOKLEY

ICICIGI

MANNAPURAM

MARUTI

APOLLOTYRE

NIFTY OUTLOOK & BEST OPTION TIPS FOR 25 MAY 2023

Yesterday in our stock suggestions we have suggested 

DEEPAKNTR went upto 10.50%

POWERGRID was in top gainer 

ABFRL Call option we given by us to check you can visit our option blog. 👉👉

ONGC 

HDFCAMC

PETRONET

PFC

ASHOKLEY

ICICIGI

MANNAPURAM

MARUTI

APOLLOTYRE

To GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Markets have been volatile and settled slightly lower, taking a breather from the recent uptrend. After the initial downtrend, the Nifty ranged and eventually settled around the daily low at 18285. Most sectors moved in step with the trend and ended lower, with metals, banks and financials among the biggest losers. Meanwhile, the outperformance continued across the board and they managed to end flat to slightly in the green. With the big gains behind us, participants are keeping an eye out for clues in global markets, but offer no clarity at this time. In between, sectors like banks and financials, which carry significant weight in the index, largely dominate the movement. While the tone is still positive, we think participants should qualify their positions and wait for further clarity. The index closed 208 points, lower at 61773 while the Nifty closed at 18285, down 63 points. Price and momentum indicators are currently out of sync with each other, which may lead to consolidation in the short-term. Overall, we still believe that the Nifty is in a consolidation mode and the consolidation range is likely to be between 18k and 18400. In terms of levels, 18420-18450 should serve as the immediate hurdle while 18200-18150 is the key support zone to watch out for on the downside.

Resistance: 17400, 17500, 17600  

Support: 17300, 17200, 17100

8 PM Stock Picks for Tomorrow 24 May 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

DELTACORP

DEEPAKNTR

ABFRL

POWERGRID

INDUSINDBK

ONGC

VEDL 

TATACOMM

FOR LIVE TRADING TIPS IN THE ABOVE STOCKS WHATSAPP ON 9039542248

NIFTY OUTLOOK & BEST OPTION TIPS FOR 24 MAY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Although the close ended largely subdued, market sentiment remained bullish as the Nifty 50 remained above 18300 positions on Tuesday. During the day, Sensex broke near 62,100 and Nifty 50 surpassed 18400 before correcting. Adani stocks remained in focus, with most of them seeing excellent buys. Midcap stocks also outperformed benchmarks. Sensex closed at 61981 up 18 points. The Nifty outperformed its counterpart to finish at 18348, up 33 points. Earlier in the day, Sensex and Nifty 50 hit intraday highs of 62245 and 18419 respectively. In two trading sessions this week, the Nifty 50 saw better movement than Sensex. Bank Nifty recovered from its previous sell-off to close at 43954, up 69 points. Today's market reached the barrier near 18420 after a gap-up open and corrected quickly in the second half due to intraday profit booking. But the short-term pattern is still bullish. Technically, the index has generated a hammer candlestick reversal configuration on the daily charts, suggesting a high possibility of temporary weakness. Since the short-term market structure is non directional, we believe that level-based trading is the best approach for day traders. Currently, 18350  would serve as a key support level for traders. Above this point, sentiment is likely to remain positive and the index could rally as high as 18475-18525. On the downside selling pressure is likely to increase below 18350. The Nifty could fall below this level by 18300-18200.

Resistance: 18450, 18500, 18550

Support: 18350, 18300, 18250

NIFTY OUTLOOK & BEST OPTION TIPS FOR 23 MAY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Markets got the week off to a strong start, adding more than half a percent on Friday's recovery. Meanwhile, a mixed trend on the sector front kept traders busy, with IT, metals and pharmaceuticals stocks rallying while banks and financials lagged slightly. Consequently, Nifty settled at the 18314 level; up 0.61%. Markets are taking solace in rotating buying across sectors on mixed global signals. The recent involvement of IT majors is certainly encouraging, but sustainability would be key to success. Against this background, we reiterate our positive view and propose to continue the stock-specific trading approach. From a technical standpoint, after a trend reversal earlier on Friday, the market continued its positive momentum and formed a bullish candle on the daily chart, which is mostly viewed as a positive signal. The index is believed to have completed a leg of its pullback rally and is currently near a key retracement resistance zone. Overall, the market has shown positive signs with a strong recovery supported by the performance of certain sectors. However, caution should be exercised around the key retracement resistance zone and traders should monitor the quoted levels for possible market movement. Nifty has strong support in the 18250 area and resistance on the upside in the 18350-18425 area.

Resistance: 18350, 18400, 18450

Support: 18250, 18200, 18150

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 22 MAY TO 26 MAY 2023

WEEKLY RESISTANCE FOR NIFTY: 18300, 18400, 18500

PIVOT POINT: 18200

WEEKLY SUPPORT FOR NIFTY:  18100, 18000, 17900

WEEKLY CHART FOR NIFTY

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Despite not-so-favorable global signals, our markets started the week of May 15, 2023 slightly in the green. After the initial surge, the bulls gained the dominant position and then continued their move north to even surpass the 18450 level on an intraday basis. However, with a modest gain towards the end of the price, Nifty closed the session around the 18,400 mark, posting a gain of almost half a percent. Our markets started the Tuesday session on May 16, 2023 on a promising note, but soon saw profit booking as prices fell during the session, erasing Monday's gains. Contrary to the last few sessions, there was no significant recovery throughout the day as Nifty eventually ended just below 18300 down 0.61%. On Tuesday evening, US stock markets came under significant pressure resulting in a slightly negative open for our markets as indicated by the SGX Nifty on may 17, 2023. The Nifty started slow and showed some composure around the 18300 level during the opening trade, suggesting the possibility of a bullish recovery. However, gains were booked again during the day, leading the Nifty to reach a testing level around 18100. Finally, there was some easing in the second half as a slight recovery set in, resulting in the Nifty closing just below 18200 down a little over half a percent. After two days of earnings posting, the global constellation was looking extremely encouraging and as SGX Nifty suggested our markets started the 18th May 2023 session with a decent bounce at the open. The financial area remained stable from the start, although the reference index Nifty gave back its gains in the first half of the year. In fact, it continued to sulk as we entered the second half of the year, eventually affecting stronger banking conglomerates (courtesy of SBI correction, which published its numbers). As a result, the Nifty eventually ended the session near the day's low, losing nearly three-tenths of a percent. Benchmark stock indexes rallied on Friday 19 may 2023, settling higher, breaking a three-day losing streak. A surge in IT stocks lifted sentiment on Dalal Street, although earnings bookings weighed on action in early trading. The Sensex jumped 297 points to 61729 while the Nifty 50 was 73 points higher at 18203. Broader market indices also ended the day with strong gains as volatility dropped significantly. Sentiment on Dalal Street improved today as investors reacted to positive global signals and the chances of an early US debt ceiling agreement increased. Another factor that has boosted domestic market sentiment is continued buying by overseas institutional investors.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

There is a possibility that domestic markets could continue to consolidate as investors take profits. While the market saw some gains at higher levels, overall strength is evident and dips are being taken. Positive global signals, a season of good results and consistent FII buying have supported the market. We expect the market to resume its uptrend after a pause this week.

 TECHNICALLY SPEAKING

Nifty formed a hammer pattern on the daily chart, indicating a possible trend reversal. It found support at the 21EMA, leading to a smart rebound from the daily low. Positive divergence was observed on the hourly RSI, indicating a possible shift in momentum. Resistance at the top end comes in at 18300 while support comes in at 18050. The positive divergence of the hourly momentum indicator suggested a loss of momentum to the downside, which in turn favored the uptrend. Therefore, both the price and momentum indicators are suggesting that there could be further upside in the next few trading sessions. In terms of levels, 18,300-18,350 is the immediate hurdle zone, while 18,100-18,050 is expected to act as a crucial support zone. Overall, we still believe that the Nifty is in a consolidation mode and the consolidation range is likely to be between 18k and 18400.

NIFTY OUTLOOK & BEST OPTION TIPS FOR 19 MAY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

On the weekly expiry day, the markets were volatile and ended slightly in the red. So far it has been a healthy consolidation but volatility across sectors is keeping traders on their toes. We think it's wise to stay small and use this phase to gradually accumulate quality stocks from best-performing sectors, viz. Banking, Finance, FMCG and Auto, The benchmark indices pared gains to end Thursday's session lower. The NSE Nifty 50 fell 51 points, to 18129 and the Sensex fell 128 points to 61431. The 18300-18400 is said to act as a strong resistance for the Nifty. On the downside, the Nifty is approaching the crucial support at 18050, which coincides with the 20-day moving average and below that lies the 18000 psychological support level. Stock specific Action may be taken in the next few trading sessions. The daily momentum indicator has a negative crossover, which is a sell signal. Taking the above into account, we have changed our outlook to a sideways forecast and the consolidation range stands at 18500-18000

Resistance: 18200, 18250, 18300

Support: 18100, 18050, 18000

NIFTY OUTLOOK & BEST OPTION TIPS FOR 18 MAY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

The Nifty and Sensex continued to be under pressure today and ended up in the red. The Nifty fell 104 points, to 18181 and the Sensex fell 371 points,to 61560. Among industry indices, Bank Nifty fell 205 points to 43698, Nifty IT fell 273 points to 27942 and Nifty Realty plunged 6.30 points down to 465. Responding to weak global sentiment, domestic investors remained cautious as the US market grappled with recession concerns amid recent economic data that pointed to a slowdown. US retail sales for April reflected a slowdown in demand and ongoing debt ceiling negotiations further dampened market sentiment Nifty and Bank Nifty witnessed fall for the second consecutive day. However, both the benchmark indices were seen recovering towards the end of the trading session. Nifty has reversed its upside from 78.6% fibonacci retracement and has finally closed below its 10DEMA for the first time in the last 15 days implying the profit booking may continue till it does not close above 18325 levels. Bank Nifty has reversed after attempting the fresh lifetime high level of 44200 but has managed to close above its 10DEMA of 43500. The index is expected to witness incremental pressure once it closes below this level. Till then Bank Nifty is expected to trade in the 43500-44200 range.

Resistance: 17400, 17500, 17600  

Support: 17300, 17200, 17100