Domestic Market View Nifty : Yesterday there was range bound movement only, there is no major news in market and VIX is at lowest level of last 1-1.5 years. So market will be in some more days of consolidation. Small support at 11530 as per the low of Bearish flag, Formation of Bearish pattern going on, But wait for Proper Breakdown, Last support for Nifty is 11470, if closes below that then slide till 11350…

Domestic Market View Nifty : As alerted in Previous Daily Reports and it came down from the Resistance of 11630, It’s not easy to Close above 11630. Continuous Delivery based Heavy selling by FII, and favorite stocks of FII like Bajaj Finance showing heavy selling pressure, Levels of 3200-3150 possible in Bajaj Finance as per Breakdown structure. Heavy Resistance at 11630-650 will remain there, and now Market is waiting fro a trigger for slide down…

Domestic Market View Nifty : Yesterday Nifty closed below 11500, but respected the trend line support of 11470, Now as per Asian market which already in heavy gains due to rate cut hope by US Fed chairman Jerome Powell, expect Nifty to open gap up up-to 35-45 points. Nifty support near 11470, Resistance at 11575-11630. Overall expect it to be in Range of 11470-11630. Heavy Resistance is there at 11630 levels a close above this…

Domestic Market View Nifty was in Heavy volatile range, Overall it touched lower level of 11450 which was the support of Slope up trend line, But selling will be there after some small consolidation phase then again market will try to touch lower levels, FII sold shares worth Rs 674 crore, No Clarification on Surcharge, so don’t expect any high  rally, Resistance will be at 11630, support at 11450. It’s a very heavy range and…

Domestic Market View Nifty closed by 250 points Yesterday Because there was no clarification on Surcharge on some FPI Parties, like AIF-3 FPI Participants, their Tax increased to 42%, and that’s there was panic in market yesterday. After Market ends Nirmala Sitharaman did press conference and said there is no need of any clarification in this matter, But she also said if still any News or clarification from govt. side then I will Update in…

Domestic Market View Nifty Down by 130 points on Friday session as some of Budget Announcement were not good for Market like No Announcement for Auto sector, Taxation on Buy Back, Change in Promoter Holding (Proposed only). Some good news was there in Housing Finance Sector ( Govt. Clarified after market ends) that PSU Bank can Buy Assets of Weak Housing Finance Companies. Market will be more volatile because of news about promoter holding, If…

Domestic Market View Nifty :  A decisive day for Market, Expiry plus market near Top levels of Range, Soon there will be a trend day, might be today or Tomorrow, But yes a Trend day would be there, That will mark starting of new trend  and that trend would be there till Budget Day, On Budget Day we may mark Top of market for short term. ( That’s my understanding, rest all depends on Budget…

Domestic Market View Nifty : After yesterday 100 points rally, nifty likely to form short term bottom in between 11650-11630, now expectations are after this expiry Pre-Budget rally will start which will be there only when Nifty closes above 11840-11800. Market is near Bearish Channel Resistance line which is at 11850-11830, Even at this point of time Nifty formation looks like Rectangle ( Sideways movement from last 3-5 days) this movement will give you Breakout/Breakdown…

Domestic Market View Nifty : Yesterday whole Consolidation day was there as expected, Overall Today View is Slight Negative with range bound movement, High Call writing at 11800 and above calls  will restrict upside of market. Downside market will get critical Level of 11600. A Break and sustain below 11600 will open doors for 11400. Otherwise Market would be in range of 11830-11630. Support : 11670-11600, Resistance 11735-11770. VIX at 15.22, VIX likely to rally…