NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 19 AUG TO 23 AUG 2019

WEEKLY RESISTANCE FOR NIFTY: 11100, 11200, 11300

 PIVOT POINT: 11000

WEEKLY SUPPORT FOR NIFTY:  10900, 10800, 10700

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11075, 11150, 11225

PIVOT POINT:11000

DAILY SUPPORT FOR NIFTY :  10950, 11875, 10800

DAILY CHART FOR NIFTY

The market ended the three-day trading week on a lower note. The Indian financial market was shut on Monday and Thursday on accounts of Eid & Independence Day. After an extended weekend, on Tuesday the markets started the week marginally positive with hopes of further up move as the Reliance opened with a significant gap up post the various announcements in its AGM. However, the nifty witnessed selling pressure right from the start as the other index heavyweights along with the broader markets witnessed a sell-off. The selling pressure continued throughout the session and in spite of RIL ending with gains of 10%, the Nifty ended the session with a loss of above one and a half percent. On Wednesday following the favorable development with respect to US-China trade war, the Asian cues were positively placed and our market too started session on a positive note with a gap up of around 70 points. Although the index witnessed some choppiness in the first few minutes, the dip was bought into and then a sustained up move was seen during the session to register gains of about 1%. Markets ended flat on Friday dragged by uncertainty over announcement of any revival package by the government and weak global cues. Indices remained lackluster for better part of the day, only to turn volatile in the afternoon trading session. Nifty rises 18 points to 11047.

NIFTY: A STRONG SUPPORT WILL BE @ 10800; STRONG RESISTANCE LEVEL SEEN @11200

NIFTY VIEW & OPTION CALL PUT TIPS FOR 16 AUG 2019

HAPPY INDEPENDENCE DAY 

The market staged a sharp recovery on Wednesday after posting the worst day of August in the previous session after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict. The Sensex surged as much as 515 points and the Nifty briefly surpassed 11050 led by gains in metal, energy and banking shares. Hopes of a stimulus package from the government to revive the economy also boosted the investor sentiment, according to analysts. The Sensex ended 353 points higher at 37312 and Nifty climbed 104 points to close at 11029.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 14 AUG 2019

The Indian market closed down on Tuesday as heavy selling pressure built up in automotive and telecom stocks while investors awaited a government fiscal stimulus package to reverse the slowdown in the overall economy. The Sensex & nifty plunged on Tuesday to finish in red . The sensex crashed more than 600 points ahead of key retail or consumer price-based inflation data. Sensex nosedived 624 points to close at 36958; while the Nifty moved 184 to settle at 10926.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 13 AUG TO 16 AUG

WEEKLY RESISTANCE FOR NIFTY: 11200, 11300, 11400

 PIVOT POINT: 11100

WEEKLY SUPPORT FOR NIFTY:  11000, 10900, 10800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR  NIFTY: 11100, 11000, 10900

PIVOT POINT:10900

DAILY SUPPORT FOR NIFTY :  110850, 10800, 10700

DAILY CHART FOR NIFTY

Last week’s mayhem continued as we saw a gap down opening of the week followed by a sustained selling throughout the first half in Monday’s session. This sell off was disheartening because the stable propositions like HDFC Twins and Kotak Bank also finally succumbed to the market destruction. These marquee names have been reluctant to correct since many months and in fact, have propelled index to the record highs. But monday, they looked completely dejected and hence, correction reinforced to test the 11300 mark.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 09 AUG 2019

CALL GIVEN YESTERDAY 

TATAGLOBAL 275 CALL BUY GIVEN @ 5.5 ACHIEVED OUR 1ST TGT 6.5 CONTINUE TO HOLD FOR 2ND TGT 7.5

Bulls made a strong come back in last hour of Thursday’s session with Sensex back above 37,000 level and Nifty bouncing back above 11,000 mark, after media reports suggested that India was likely to exempt foreign portfolio investors from an increase in taxes that was part of the budget approved by parliament but heavily criticized.  The Sensex jumped 637 points to settle at 37327 level. The Nifty reclaimed the crucial level of 11000 to end at 11032, up 177 points.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 08 AUG 2019

"BUY TATAGLOBAL 275 CALL @ 5.5 TGT 6.5/7.5"

Bears continued to grip the markets…!!!!The market cracked heavily after MPC expectedly eased policy rates, albeit by 35 bps, justifying that a 25bps cut would have been inadequate while a 50bps would have been more-than-needed currently.  The Sensex came down 286 points to close at 36690 & Nifty came below 10850 Mark made a low of 10835 & closed at 10855.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 07 AUG 2019

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Bulls showed some strength after hitting the support area of 10800, but failed to give closing above the 11000 mark. Market recouped Monday’s losses aided by broad based buying across sectors supported by FMs decision to have a discussion with FPIs amid continued outflow of liquidity. Global cues were positive due to China’s step to prevent further slid in yuan, which could ease trade war concerns. While hope for a 25 basis point rate cut in the RBI meet tomorrow provided some support to the trend. Nifty managed to hold Monday’s low and the immediate support at the 10800 level, and then extended its gains towards the 11020 level. The index respected the 10800 level, which is 61.8% retracement of the entire upward move from 10004 to 12103 levels.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 06 AUG 2019

"BUY MANAPPURAM 120 CALL @ 2.6-2.7"

Multiple headwinds led to market volatility for the day. Concerns of political crisis developing in J&K and no further cues on exclusion of surcharge to FPI’s added more volatility in the market.  Kashmir, yuan send Sensex tumbling 418 pts, Nifty ends a tad above 11,850. At day's lows, Sensex fell over 700 points to 36416 while Nifty tumbled below 10800, before ending off lows.