NIFTY VIEW & OPTION CALL PUT TIPS FOR 29 AUG 2019

BUY DLF 165 CALL @ 1.4 TGT 2.5/3.2

Market was off bit because of F&O expiry on august 29’2019. The Sensex dropped 189 pts & Nifty came below 11050 in Wednesday’s trading session. Market settled lower after previous three straight sessions of gains, as worries of a global recession weighed on investor sentiment. The Nifty closed down at 11046, while the Sensex ended at 37451. Fearing longevity of the current bulls & bear phase, investors choose to wait and watch in the near term. A unit of Fitch Ratings, India Ratings and Research, lowered its FY20 gross domestic product (GDP) growth forecast for the country to 6.7% from 7.3%, souring domestic sentiment. GDP data for the April-June quarter is due on Friday, and the economy likely expanded at its slowest pace in more than five years during the period, driven by weak investment growth and sluggish demand, according to a Reuter’s poll.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 28 AUG 2019

Market sentiments were boosted by domestic cues along with higher global markets which helped Sensex and Nifty rise for the third straight day. The Sensex ended 147 points higher at 37641 while Nifty settled 0.43% higher at 11105, driven by gains in banking, auto and energy stocks. Some selling in IT stocks capped gains.  The recent announcement made by the finance minister and the outcome of RBI board meet are definitely positive for the Indian markets. This is likely to lift domestic sentiments in the near term. Going forward, the market participants would keep a close watch on currency movement and upcoming Q1FY20 GDP data. Globally, trade tensions between US-China are likely to induce volatility into the markets.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 27 AUG 2019

Bulls are back in action & took nifty back to 11000 zone. The market rallied with Nifty closing 2.1% higher at 11058. The market rallied on various measures announced by the finance minister on Friday and easing trade tensions between the US and China. The Sensex jumped over 650 points in opening trade, but only to slip into negative terrain. It fell over 200 points, before staging a smart rebound. The Nifty closed, up 228.50 points.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 26 AUG TO 30 AUG 2019

NMDC 87.5 PUT GIVEN IN 21 AUG POST ACHIEVED OUR TGT 4.8 & MADE A HIGH OF 12

WEEKLY RESISTANCE FOR NIFTY: 11000, 11200, 11300

 PIVOT POINT: 10900

WEEKLY SUPPORT FOR NIFTY:  10800, 10700, 10600

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10900, 10950, 11000

PIVOT POINT:10850

DAILY SUPPORT FOR NIFTY :  10800, 10750, 10700

DAILY CHART FOR NIFTY

The set up was just perfect for our markets to have a head start for the new trading week. In line with cheerful global peers, our markets started higher on Monday and then extended this lead in the first half. Things started to look hunky dory and all of a sudden, Nifty started correcting after posting a high of 11146.90. In fact, the selling augmented in the penultimate hour to pare down all losses to conclude the day on a flat note. Markets have shown some encouraging signs in last couple of days and yesterday too things started to look glittery. But considering recent dejected mood, markets faced strong selling pressure at higher levels and left the charts clueless at the end. Tuesday our markets started the proceedings on a flat to positive note tracking the mixed global cues. Subsequently, Index witnessed an extreme lackluster session with choppy swings seen on both sides of the trend to eventually end with a loss of 0.33% tad above 11000 levels. On the daily chart, Index for the fourth consecutive session traded within the range of big black body candle formed on 13th Aug and has now ended near the midpoint of this range. In the absence of major triggers, our markets started on a flat note on Wednesday which was followed by a period of consolidation during the first few hours. Subsequently, in the second half, Index extended the weakness seen from the start of the week to end tad above 10900 levels with a loss of 0.89%. During the session, we witnessed Index breaking below the key trend line support seen on the hourly chart but it managed to hold on to 10900 levels which we have been advocating since last few sessions. Thursday as indicated by SGX Nifty our markets started on a mild negative note which was then followed by sell-off that continued throughout the session. On the weekly options expiry day, intraday bounce got sold into and Index eventually ended with a loss of 1.62% at 10741. The market snapped their three-day losing streak ahead of Finance Minister Nirmala Sitharaman's press briefing due later in the day. Expectations from Finance Ministry to announce policy measures to revive economy helped the benchmarks recover in Friday’s session. The Sensex and Nifty opened lower but staged a recovery noon deals led by Reliance Industries, HDFC, Tata Consultancy Services, Mahindra & Mahindra and Infosys. The Sensex rose over 700 points from day's lowest level. The Sensex ended 228 points higher at 36701 and the Nifty advanced 88 points to close at 10829.

NIFTY: A STRONG SUPPORT WILL BE @ 10700; STRONG RESISTANCE LEVEL SEEN @11100

NIFTY VIEW & OPTION CALL PUT TIPS FOR 23 AUG 2019

Bears continued to grip the markets in Thursday’s session after the government remained non-committal on the stimulus package to boost the economy. Nifty came below 10750 mark. After opening at 10905 nifty made a high of 10908 & came down to 10718 & finally closed at 10741 down by 177 point. The measures by the Sebi on FPI regulations are good, but the market still awaits clarification on the tax proposals for the FPI’s made in Budget.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 21 AUG 2019

CALL GIVEN YESTERDAY

NIFTY 11000 PUT 22 AUG ASKED TO BY @ 50 & TODAY IT HAS ACHIEVED 1ST TGT 65 & ALMOST 2ND FINAL TGT 80 MADE HIGH OF 79 PROFIT OF 2550 IN INTRADAY 

Bulls failed to sustained above 11050 level & came down to close 11017 down by 36 point in intraday. Nifty50 failed to surpass the 11080 level on Tuesday and remained volatile for most part of the session. It formed a bearish candle on the daily scale as selling pressure emerged at higher levels. At the same time, the decline was being bought into.

NIFTY VIEW & OPTION CALL PUT TIPS FOR 20 AUG 2019

BUY NIFTY 11000 PUT 22 AUG @ 50 TGT 65/80

BUY BANKNIFTY 28600 CALL 22 AUG @ 70 TGT 100/130

Bulls tried to come back in the 11100 zone & made a high of 11146 but could not continue to sustain the gains & came below 11100 mark to close at 11053. Tracking gains in other Asian markets, the Sensex rose as much as 368 points at day's high but could not sustain the gains & finished just 52 points higher at 37402. 

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