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…

Domestic Market View Nifty : Nifty down 100 points on friday Due to sudden spike in Crude, Now it will be in range of 11630-11830. Upside resistance of 11830-850 not easy to break as there are many call writers in range of 11800-12000.  Support is near 11630-11600, and If Nifty break and sustain below 11600 then aim for 11400 in nifty. 11600 is critical zone for nifty. Overall Formation of Bearish Channel is going on.…

Domestic Market View Nifty : Yesterday was high volatile session, it just moved in range of 11800-11650 as discussed in yesterday report. Today FNO cues will not work Because today is Weekly expiry, Market range 11630-11830, Break of range will open doors for 50-75 points more movement. No buying strength in market, market will consolidate today. Major Global Market event is over yesterday, now next event is G-20 Meeting as per global event and Budget…

Domestic Market View Nifty : Nifty did the same as described in Yesterday Report, Buy on dips in between 11650-625 and it made low of 11641 and bounced 60 points, that’s because option data indicating a pull back from lower levels as highest put option Open interest was on 11700, so who so ever sold 11700 Puts will not let the nifty to go down and close below 11600, so that was the simple buy…

Domestic Market View Nifty : As expected Selloff continued In Monday also, Critical levels was 11770, the movement it crossed this, then more selling pressure was there, Selling in Large caps is going on from Friday sessions, FNO data again indicating more weakness in short term, Market will try to form Bottom 11625-575 before Pre budget rally which may start from 24-28th June. Support at 11630-500 & Resistance at 11760-820. Now critical level is 11500,…

Domestic Market View Nifty : Friday Last 30 minutes selloff indicating weakness in market structure. Friday whole day market was in negative territory, Now nifty is near Critical level of 11770. Lack of Buying in large caps and continuous Selling by FII indicating more consolidation/weakness ahead. Nifty Support at 11770-700 & Resistance 11870-920. FII sold Shares worth Rs 238 Cr. DII Bought shares worth Rs 376 Cr. VIX at 13.90. Bank Nifty : Sell off…

Domestic Market View Nifty :  Support 11820 – 11760, Resistance 11960-12000, Yesterday market took support of 11820 and bounced 80 points. Market not in mood of any Heavy Breakout  and Breakdown, only Range wise movement 11770-12040. Critical Levels is 11770, if nifty sustain below this then 70-100 points lower level will be there. Bank Nifty : Yesterday it  took support of 30650, many time in last 2 week it reversed from this levels, Upside resistance…

Domestic Market View Nifty : Support 11840-11760, Resistance 11960-12000. Yesterday Market came down to support levels of 11880 but it never bounced on intraday basis due to selling pressure in Asian peers. Today Weekly expiry is there so high movement will be there. Bank Nifty : Support 30800-30650, Resistance 31200-31400 FII sold shares worth 1050 Cr. and DII bought shares worth 271 Cr. VIX at 14.12 cooling down, that means there will be no high…