Domestic Market View Nifty Yesterday again in consolidation range, Today Expecting high volatility due to expiry, one side movement will be there in second half of trading session. A 200 point range is there for Nifty to trade for, 10980 lower range and 11180 upper range, As FII is still selling on daily basis so Market need a fresh trigger for some Buying or for Breaking of this Heavy resistance of 11180, Trigger can be…

Domestic Market View Yesterday was a full consolidation day as updated in the telegram channel, Now again Nifty will try to test upper range of 11150-11180. Very heavy cluster of Resistance is there at upper levels, Support wise 11050 is good support for market for Intra basis. It would be in range of 11180 and 11050. Tomorrow is expiry so again it will try to be in range only, premium eating will be there again,…

Nifty : Last day Nifty rallied by 177 Points, Heavy gains backed by News about govt. meeting with Industrialist and one more meeting planned for Today evening on Issue of FPI surcharge. There are Many other rumors flooding in various social media channels like roll back of LTCG, I will avoid them as this is not much important as compare to Issues regarding slowing down of economy. So carry less Positions for Tuesday ( Monday…

Domestic Market View Nifty : On Friday market slipped in to Negative Territory from first very minute and kept on Sliding on every hourly basis, Pure selling was there, FII on selling spree From 1st July till 20th July FII sold nearly Rs 7500 Crore, and again they will sell more in upcoming days, Market is in situation of “Sell on Rise”.  VIX was up by 4%, Heavy open Interest at 11300 strike indicating some…

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…