OPTION CALL PUT TIPS & NIFTY VIEW FOR 5 NOV 19

"BUY DLF 175 PUT @ 6 TGT 7.5"

Encouraging September quarter results, along with optimism over US-China trade deal aided bulls to stay in the driver's seat. Extending their gaining streak into the seventh session in a row, the market settled with nearly 0.5% gains on the 1^st day of the week.  The Sensex added 137 points to end at a record closing high 40301. During the day, the index hit a fresh high of 40483 levels.  The Nifty ended at 11945, up 54 points.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 4 NOV TO 8 NOV 2019

WEEKLY RESISTANCE FOR NIFTY: 11950, 12050, 12150

 PIVOT POINT: 11850

WEEKLY SUPPORT FOR NIFTY:  11750, 11650, 11550

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

Markets traded lackluster and settled almost on the flat note, taking a breather after the recent surge. A truncated one-hour 'Muhurat' trading session ended on Sunday on a positive note with gains of 0.37% at 11627. After Monday holiday the new SAMVAT started with a bang as most of the global uncertainty seems to have subsided in last few days. After the Muhurat trading day, we had a gap up opening with a small margin. However, right from the word go, bulls dominated the position and in fact, the momentum accelerated as the day progressed. Eventually, the cheerful Tuesday ended tad below the 11800 mark, adding nearly one and half a percent to the bulls’ kitty. Tuesday’s strong broad based rally was followed by a decent bump up at the opening on Wednesday. However, it was merely a formality as we immediately witnessed index correcting back to its previous close. Fortunately, the correction was restricted within first half an hour and thereafter, index continued its gradual march towards the opening point. Despite some small hiccups in the latter half, index managed to close well inside the positive territory. Thursday morning, the global cues were excellent and the set up was just ideal to have a good head-start for the day. In-line with this, the Nifty opened higher by nearly half a percent and within first 10 minutes of trade, 11900 was on the screen. After this, we had a gradual up move for the major part of the day. However, precisely at the stroke of the penultimate hour, market started giving up its gains rapidly and eventually we pared down decent portion of it to conclude the October series tad below the 11900 mark.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 1 NOV 2019

"BUY NOV PNB 70 CALL @ 2.7 TGT 3.5/4.2"

What an awesome comeback of bulls. Market is clearly in a positive setup with festive season seeing improvement in demand and corporate tax rate cut providing the much needed earnings boost. Considering there is likely sequential improvement and earnings visibility. Positive global cues after a rate cut by the US Federal Reserve, buzz of more tax reforms and strategic stake sale in many PSUs lifted the sentiment. The broader Nifty also hit 11945 at day's high. But markets pared some gains on the derivative expiry day to settle off intra-day highs. The Sensex closed 77 points higher at 40129, its second highest close ever, while Nifty settled at 11881.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 31 OCT 2019

Bulls continue to rule the street. Nifty re-conquered the 11850 level. The Nifty came within kissing distance of 11900 mark. The Sensex and Nifty have risen 1080 points and 300 points, respectively in last four sessions. The Sensex rose 269 points to 40055, Nifty rose 97 points to 11883 in trade today. The Sensex had crossed the 40K level last on July 5 (Budget Day) when the index hit an intraday high of 40032. The Sensex and Nifty extended gains for the second straight session today on prospects of the government reviewing existing structure of Long Term Capital Gains tax, Securities Transaction Tax and Dividend Distribution Tax . The Sensex and Nifty have risen 1,080 points and 300 points in the last four sessions. However, the indices have seen major gains in the last two sessions amid a report that the government was reviewing tax structures for market transactions. As government is taking steps for revival amid slowdown in the economy, investors expect more reforms which is pushing indices up. In its first major step to provide fiscal stimulus to pull the economy out of economic slowdown, the government cut corporate tax rate for domestic firms and new domestic manufacturing companies on September 20. Corporate tax rate was brought down to 22% from 30%. For new manufacturing companies, the existing tax was reduced to 15% from rate 25%.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 30 OCT 2019

The Sensex and Nifty rose to 4-month highs on October 29, while Nifty Bank touched 1-month high. Nifty is now 316 points and Sensex is 480 points away from their record highs. Market logged healthy gains as sources indicated that the government is reviewing equity-related tax rate rationalization. 

The market in the near-term is likely to be driven by earnings outcome and auto volume numbers which will be a crucial indicator of the revival in consumer spending. Further, global cues will induce volatility as expectations are high from the ongoing US-China trade negotiations.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 28 OCT 2019

!!!!HAPPY DIWALI !!!!

Bulls are back in action..!!! Market reversed all the losses to trade in the positive territory backed by gains in select bank, IT and FMCG majors such as SBI, TCS, Infosys, Hindustan Unilever and ITC. However, losses in shares of HDFC twins, Kotak Mahindra Bank and Reliance Industries are keeping the gains capped. . The Sensex was trading above 39000.-level while Nifty trading over 11600-mark. A selloff across financial, automobile and pharmaceutical stocks deepened, pulling the markets lower in afternoon deals. Tata Motors to report its financial results for the second quarter of current financial year later in the day.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 25 OCT 2019

"ZEEL 250 CALL ALMOST ACHIEVED 1ST TGT MADE A HIGH OF 9.55"

Market has been flattish during the week assessing the ongoing Q2 result which is marginally better than expected till date. Given the trading holiday, volume has reduced taking a conservative approach. Going forward weak crude oil prices, positive global sentiments and further reforms from the government are expected to provide positive momentum. The Sensex and Nifty ended lower on Thursday led by declines in banking and IT heavyweights like Infosys, State Bank of India, HDFC Bank and IndusInd Bank. However, losses were capped as Reliance, Bharti Airtel and HCL Technologies saw buying interest. For most part of the day, the market traded in rangebound fashion and switched directions at least eight times before closing with minor losses. The Sensex moved in a range of 486 points while the Nifty touched high of 11679 and low of 11534. Assembly election results from Haryana and Maharashtra showed that Bharatiya Janata Party retaining power in Maharashtra while Haryana was seen going for a hung house where Dushyant Chautala's JJP could emerge as a possible kingmaker.

OPTION CALL PUT TIPS & NIFTY OUTLOOK FOR 24 OCT 2019

"BUY RELIANCE 1400 PUT @ 20 TGT 32/40 "

"BUY ZEEL 250 CALL @ 8 TGT 10/12"

The market bounced back and resumed its up move after day's pause in the previous session led by gains in Infosys which staged a rebound after witnessing worst single-day fall in over six year. HDFC, ICICI Bank, Tata Consultancy Services, Maruti Suzuki and HCL Technologies also contributed towards gain in the market. For most part of the day, the indices traded firmly higher but turned a bit volatile in the afternoon deals owing to weakness in Reliance Industries, Bharti Airtel, Kotak Mahindra Bank and Larsen & Toubro. The Sensex ended 95 points higher at 39059 and the Nifty advanced 16 points to close at 11604.