Market skewed
in favor of the bears. After nearly 1000 point move in the Nifty some
correction is happening on account of profit booking and the volatility is also
high a day ahead of expiry of futures and options September contracts tomorrow.
The Sensex and Nifty fell sharply in trade today on the back of a broad-based
selloff. The Sensex plunged as much as 586 points to hit intraday low of 38510 and
the Nifty plunged as much as 172 points to drop below important psychological
level of 11450. Prospects of a prolonged political uncertainty in the United
States after the launch of a formal impeachment inquiry against President
Donald Trump are also hurting the market sentiment globally and that is also
impacting Indian markets today.
Wednesday, September 25, 2019
Tuesday, September 24, 2019
EXPIRY AHEAD; NFITY OUTLOOK FOR 25 SEP 2019
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Tuesday bulls
were in relaxing mood. After 2 days record breaking runs bulls were taking
breathe. Nifty & sensex ended a little changed on a volatile day. . After
two days of stellar rally following the government's decision to cut corporate
taxes, domestic stock markets witnessed profit booking on Tuesday amid choppy
trade as Asian peers ticked up on renewed hopes about US-China trade
talks. The Sensex rose as much as 216 points
to 39306 in early trade, and declined 393 points from that level to hit 38913
on the downside at the day's weakest mark. The Nifty benchmark moved in a range
of 116 points, between 11655 and 11539 at the day's highest and lowest levels
respectively.
Monday, September 23, 2019
ENTHUSIASTIC BULLS WILL CONTINUE THE VICTORY MISSION
"BUY IBULHSGFIN 420 CALL @ 22 TGT 35/55"
No Monday blues..!!!
Historical corporate tax rate cut party which started last Friday 20 sep 2019 continued in the Monday’s session also.
Bulls continued their euphoric rally for 2nd trading day buy jumping 200 points to hit
its highest level in more than two months. The Sensex also jumped 1075 points. positive
sentiment for revival in earnings growth also attracted to the foreign
investors in the market.
NIFTY VIEW FOR 24 SEP 2019
Friday, September 20, 2019
NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 23 SEP TO 27 SEP 2019
What a splendid Day it was. Nifty’s High jump from 10670 to directly 11381. Thank to FM Nirmala sitharama for corporate tax bonzana. Sensex skyrockets 1921 points to log biggest gain in 10 years on tax cut euphoria; Nifty zips past 11250.
WEEKLY RESISTANCE FOR NIFTY: 11400, 11500, 11600
PIVOT POINT: 11200
WEEKLY SUPPORT FOR NIFTY: 11100, 11000,
10900
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11350, 11450, 11550
PIVOT POINT:11250
DAILY SUPPORT FOR NIFTY : 11150, 11050, 10950
DAILY CHART FOR NIFTY
What a historical day it has been for corporates, the equity
market and consumers. The government, like in a T20 game, opted for some
serious hitting and managed to hit it out of the park as it announced a string
of measures to lift the economy. The steps, including reducing the corporate
tax rate to 25% from 35% for existing domestic companies and
an attractive rate of 15% for new companies set up after October 1 and
commencing operations before 2023, were greeted with uproarious cheer by the
equity market.
The way we concluded previous week on Friday, market was all set to have a gap up opening on Monday of this week to surpass the major hurdle of 11150-11180. But, due to Saudi oil attacks over the weekend, crude oil prices spiked up more than 10% which spooked traders across the globe. We being the crude oil sensitive economy could not be spared with it. The week started off lower and minor attempt of recovery eventually got sold into to end the session tad above the 11000 mark. Tuesday after a flat start, our markets witnessed an open-high scenario as from the word go Nifty witnessed selling pressure. For the first half, Index witnessed a gradual fall however in the second half after no signs of recovery the selloff aggravated and eventually ended with a loss of 1.69% at 10818. As hinted by Nifty our markets started on a positive note on Wednesday with more than 50 points gain however the rub-off effect from the previous session pulled Index lower to erase all gains in the first hour itself. Subsequently, Index managed to hold on to the previous session low around 10800 and after a tiring session of consolidation eventually ended with minor gains of 0.21% at 10841. On Thursday in line with mixed global cues our markets started on a flat note, however, Index immediately started witnessing selling pressure and within the first few minutes itself broke previous two session’s support of 10800. Subsequently, the undertone remained weak as Index continued to slide lower throughout the session and eventually ended with deep cuts of 1.25% tad above 10700 levels.
The way we concluded previous week on Friday, market was all set to have a gap up opening on Monday of this week to surpass the major hurdle of 11150-11180. But, due to Saudi oil attacks over the weekend, crude oil prices spiked up more than 10% which spooked traders across the globe. We being the crude oil sensitive economy could not be spared with it. The week started off lower and minor attempt of recovery eventually got sold into to end the session tad above the 11000 mark. Tuesday after a flat start, our markets witnessed an open-high scenario as from the word go Nifty witnessed selling pressure. For the first half, Index witnessed a gradual fall however in the second half after no signs of recovery the selloff aggravated and eventually ended with a loss of 1.69% at 10818. As hinted by Nifty our markets started on a positive note on Wednesday with more than 50 points gain however the rub-off effect from the previous session pulled Index lower to erase all gains in the first hour itself. Subsequently, Index managed to hold on to the previous session low around 10800 and after a tiring session of consolidation eventually ended with minor gains of 0.21% at 10841. On Thursday in line with mixed global cues our markets started on a flat note, however, Index immediately started witnessing selling pressure and within the first few minutes itself broke previous two session’s support of 10800. Subsequently, the undertone remained weak as Index continued to slide lower throughout the session and eventually ended with deep cuts of 1.25% tad above 10700 levels.
NIFTY:
A STRONG SUPPORT WILL BE @ 11000; STRONG RESISTANCE LEVEL SEEN @11500
Thursday, September 19, 2019
NIFTY PREDICTION & FREE OPTION CALL PUT TIPS FOR 20 SEP 2019
BUY MARUTI 5900 PUT @ 70 TGT 110 /155
BUY NIFTY 10900 CALL 26 SEP @ 24 TGT 40/60
Market skewed
in favor of the bears Tax collection at a slower rate is hurting the market to
a large extent. There are concerns the government won’t be able to meet the
revenue target at this pace. The Credit Suisse report on consumption slump is
also bothering investors. The Sensex slumped as much as 576 points to fall
below 36000 and the Nifty dropped 170 points to fall below its important
psychological level of 10700 to hit an intraday low of 10670. The Sensex
dropped 470 points to close at 36093. its lowest level since March
1 and the Nifty slumped 136 points to close at 10705, its lowest level
since February 19. The stock markets fell sharply in trade on Thursday led by
declines in Reliance Industries, ICICI Bank, Infosys, Tata Consultancy Services
and IndusInd Bank.
Wednesday, September 18, 2019
NIFTY PREDICTION & FREE OPTION CALL PUT TIPS FOR 19 SEP 2019
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A roller
coaster ride of bulls & bears ended on moderately positive note. After
opening sharply higher, traders waited for the outcome of the two-day Federal
Reserve committee meeting later in the day. The index snapped two-day
fall and maintained 10800 levels, forming a bearish candle on intraday basis as
the closing price was lower than the opening price. If we compare the September
18 closing with that of the previous day then it forms a bullish candle. The
chart pattern is also known as the inside bar candle on the daily scale.
After opening higher at 10872, the Nifty traded within a range of 10804 -10885.
It closed 23 points higher at 10840.
Tuesday, September 17, 2019
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Bears
continued to grip the markets in Tuesday’s session also as crude oil prices
continued to gain in the aftermath of drone attacks on Saudi Arabia oil
establishments. A poor set of macro data from China also further hit sentiment.
Nifty came below 10800 mark. After opening at day’s high level 11000 nifty came
down to 10796 & finally closed at 10817 down by 186 points. Sensex tumbled 642
points lower at 36481.
Monday, September 16, 2019
NIFTY PREDICTION & FREE OPTION CALL PUT TIPS FOR 17 SEP 2019
BUY BATAINDIA 1580 CALL @ 20 TGT 25/30
BUY INDIGO 1650 PUT @ 29 TGT 35/42
Bulls are
on back foot, Bears continued to rule…
Nifty has started the week on negative note dragged down by oil &
gas and energy stocks following spike in oil prices as attacks on key producer
Saudi Arabia’s facilities sparked supply fears sapping investors risk appetite.
Nifty has started on bearish note below 11000 level at 10994 and made a high of
11052 gradually declined as the session progressed & made a low of 10968
& finally managed to close above 11000 mark at 11003. The Sensex closed 261
points lower at 37123.
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