A range bound trading
session gas ended on negative note. Markets ended Wednesday’s choppy
session with losses after registering gains for three consecutive days amid
selling in banking and financial services counters. Investor
sentiment also took a hit on weak global cues. The Sensex closed at 39757. The
Nifty settled at 11906, down 59 points. The Sensex touched an
intra-day low of 39623 levels while the Nifty drifted to 11866 levels during
the day before staging a partial recovery.
Wednesday, June 12, 2019
Tuesday, June 11, 2019
NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 12 JUN 2019
Bulls are back on the
driver seat & took nifty to 12000 mark. . However, it failed to hold
at higher levels and closed at 11965 near the opening mark 11959 by forming a Doji
candle on the daily scale. The index has been forming multiple Dojis
since last three sessions, but at the same time making higher highs and lows,
which suggest every decline is being bought into, while resistances are intact
at the upper band of the trading zone.
Monday, June 10, 2019
NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 11 JUN 2019
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Nifty ended Monday’s
session above 11900 mark lifted by tech stocks, in line with global stock
markets that were buoyed by a deal struck between the US and Mexico to avoid a
tariff war, and weak US jobs data that raised hopes of rate cuts by the Federal
Reserve. Nifty, which opened at 11934, rose to an intraday high of 11975 before
slipping below 11900. It hit an intraday low of 11871 before closing at 11922,
up 52 points from its previous close of 11870 on June 7.
Thursday, June 6, 2019
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Rate cut change the
market direction. Market posted their biggest one-day loss in 2019, dragged
down by financials and bank stocks even though the monetary policy
committee of the Reserve Bank of India (RBI) reduced the
repo rate by 25 basis points (bps) to 5.75 % in the second bi-monthly monetary
policy meet of the financial year 2019-20 (FY20). As the 25-bp cut was in line with expectations
and had already been factored in, Street didn’t cheer the move and continued to
slide down with higher momentum. This is the third consecutive time that
RBI has cut rates by 25bps which shows that they are indeed taking care of the
slowing growth and as expected are being supportive by loosening their purse. The
Sensex slipped 554 points,
to 39530, with IndusInd Bank, Tata Steel, YES Bank, Larsen & Toubro, and
State Bank of India was among the top losers. The Nifty tumbled 178 points to
11844.
Tuesday, June 4, 2019
NIFTY BANKNFITY VIEW FOR RBI CREDIT POLICY 6 JUN 2019
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Market ended Tuesday's
session in red ahead of Reserve Bank of India's monetary policy decision due on
Thursday, At close, the Sensex was down 184 points at 40083, while Nifty was
down 66 points at 12021. The pressure on the Reserve Bank of India (RBI) to cut
interest rates this week has mounted dramatically, considering the 20-quarter
slowest headline GDP growth of 5.8% in 4Q FY19 and the headline inflation at
sub-3%. Whether the RBI should complement it further with liquidity-easing
measures is also debated. In the absence of fiscal space to boost the economy,
the RBI is expected to maintain a delicate balance between short-term relief
and long-term strategy. We continue to maintain our
cautious stance on
the markets at
higher levels in the near term. Monday, June 3, 2019
MARKET EYE RBI’S MONETARY POLICY 06 JUN 19
NIFTY BANKNFITY OPTION FUTURE TIPS FOR 4 JUN
Market started the week on a strong footing with both the gauges closing at new lifetime record levels as investors shrugged off weakness in global peers, 5-year low domestic GDP print and unemployment at 45-year high. The weak GDP print, poor auto sales and other high-frequency data raised hopes of a 25 basis points rate cut by the RBI’s monetary policy committee. Sensex hit record high of 40267; Nifty peak of 12088.
Friday, May 31, 2019
NIFTY WEEKLY OUTLOOK & MAY EXPIRY TRADING TIPS 3 JUN TO 7 JUN 19
WEEKLY RESISTANCE FOR NIFTY: 12050, 12150, 12250
DAILY RESISTANCE FOR NIFTY: 12000,12050,12100
PIVOT POINT: 11900
WEEKLY SUPPORT FOR NIFTY: 11800, 11700,
11600
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 12000,12050,12100
PIVOT POINT:11900
DAILY SUPPORT FOR NIFTY : 11850,11800,11750
DAILY CHART FOR NIFTY
The market closed the volatile day as well as week on the
negative side after cabinet announcement under Modi 2.0. At close, the
Sensex was down 117 points at 39714, while Nifty was down 23 points at 11922.
Post the election week, our
markets opened slightly higher despite Nifty indicating a sluggish start. Our
markets decoupled from the global peers last Monday; but it was evident also
considering the major event on the domestic front. But it seems that the rub
off effect is still there and yesterday too, we did not even try to peep what
other global markets are doing. We had a trended move throughout the day with
less momentum to add another seven tenths of a percent to the bulls’ kitty. After
last week’s wild swings, the volatility was likely to subside and considering
the overall development on Friday, we were expected to have a steady up move on
Monday. Markets did not disappoint and Monday’s intraday move was very much on
expected lines. We continued our march towards the mount 12k which needs to be
conquered on a sustainable basis. Tuesday, there were no major triggers on the
global as well domestic front and hence, we had a flat to positive start tad
above the 11950 mark. However it turned out to be a formality as we saw
open-high kind of scenario to immediately pull the market lower. During the
most part of the day, index remained under a bit of pressure and hence the
Nifty spent most of its time below 11900. Fortunately, due to some late
recovery, the nifty finally managed to reclaim this psychological mark by
concluding with a negligible gain. Wednesday, we opened lower as indicated by
the SGX Nifty which was followed by some consolidation throughout the first
half. However, in the latter half, the selling intensified across the globe and
in this course of action; we slipped below the 11900 mark on a closing basis. Thursday,
the global set up early in the morning was not so encouraging; but despite this
our markets kicked off the day on a flat note and right from the word go, the
buying emerged at lower levels. This was followed by a good trended up move
throughout the remaining part to reclaim the 11900 mark. In fact, it didn’t
look like a derivative expiry day as there were no wild swings or major
volatility seen. Eventually, the Nifty ended tad below 11950 to register
highest ever close for our index Nifty.
NIFTY: A STRONG SUPPORT WILL BE @ 11800; STRONG RESISTANCE LEVEL SEEN @12000
Thursday, May 30, 2019
NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 31MAY 2019
YESBANK 160 JUN CALL GIVEN IN LAST POST NEAR TO HIT THE TGT CONTINUE TO HOLD FOR TOMORROW
Bulls continued to rule
on the D-street on Thursday ahead of May derivative contracts' expiry, with
Bharti Airtel Ltd and NTPC Ltd leading gains, as investors awaited appointments
for key ministries at Prime Minister Narendra Modi's swearing-in ceremony.
Market witnessed a rally over PM Modi's landslide victory in the general
elections last week. PM Modi will be sworn-in for a second term later in the
day and is expected to name his new cabinet ministers. The Nifty was up at
11917, while the Sensex was trading higher at 39722.
A stable government is
attractive and stocks are outperforming on hopes of new policies. After
today's ceremony (ministry announce
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