Domestic Market View Nifty : Support 11900-840, Resistance 12000-12041. Option data indicating Heavy Put writing at strikes of 11800-850-900, A good sign for a base of nifty at 900-850 range, any dip of 50-65 points on intraday basis is a buy (This is based on Technical and Derivative view, If any bad news then don’t trade). Highest Open Interest at 11900 put and 12000 Call as per June 13th Expiry. Range for trading 11860-12040. Bank…
Domestic Market View Nifty : Nifty recovered 100 points from days low and closed in Green mark on Friday trading session, Today Resistance at 11960-12000, Support at 11810-11770. Bank Nifty : Bank Nifty Bounced from 31st May Panic Low of 30650, Resistance 31350-31500, Support 30800-30650. Both Index will open Gapup, So Buying at open not a good way of trading, Wait for dips in morning session then take your trades. Global Market View US Index…
Domestic Market View Yesterday RBI cut rates by .25 BPS, a very good move by RBI, but surprisingly RBI forgot or tried to avoid commenting about NBFC mess. That’s why Market sold off Heavily. Market always need a clear picture of Mess which is there in the Economy, but Governor forgot to specifically talk about liquidity measures. First IL&FS default and now DHFL is near Do or die situation. This is a clear indication a…
Domestic Market View Nifty : Today RBI Policy at 11:45 AM, .25 BPS is already market discounted, Now if we get more than .25 BPS then it would be a surprise for market. Nifty Support 12000-11960, Resistance 12100-12200. Due to Event, High fluctuation will be there, so there is no need to share chart today. Bank Nifty : Support at 31550-31400, Resistance at 31750-32000. I am expecting Rate cut Between .25-.45 BPS. GDP Growth at…
Domestic Market View Nifty : Nifty & Sensex finally closed above 12000 and 40000 respectively, Nifty as per yesterday Charts if sustain above 12040 then minimum move would be 70-120, it already moved 60 points, now today if Nifty Future come back to 12040 then Buy nifty future with stop loss of 11880 and target would be 12200. Yesterday FII Bought shares worth of 1800 Cr. Bank Nifty : Bank Nifty under-perform Nifty, no strength…
Domestic Market View Nifty : Index respected previous resistance of 12040, and then crashed 200 points from higher levels, Some big order wrongly punched and then algos created panic of 200 points in nifty. Nifty Support 11830, Resistance 12040, If Nifty break upper or lower levels then expect minimum 70-120 points movement. Bank Nifty : Support at 31200, Resistance 31750. Movement will be on 6th June ( RBI policy). Global Market View US market closed…
Domestic Market View Nifty: Index closed at Highest ever Closing mark, A big Bullish Candle indicating rally to continue for next few days, Next Heavy resistance 12040, if it closes above this, then 12200 will be there in quick time. Yesterday also Nifty not able to cross 11960, sustaining about 11960 is important for market. ( Due to Monthly expiry that’s why there was no Daily Report Yesterday). Yesterday FII Bought shares worth Rs 1664…
Domestic Market View Nifty: As per yesterday Report/chart nifty support was 11860, and yesterday it hit low of 11864 and bounced 60 points. There is no heavy movement in market, VIX closes below 16, now heading towards 14. Today again Nifty will try to mark 12k. Nifty Range 11960-11860. Above 11960 then 12040, Below 11860 then 11800. Bank Nifty: Support 31340, Resistance of 31705, Above 31705 if sustain then it will try to touch 31840-32000.…
Domestic Market View Nifty : As per the Yesterday Report, Nifty tried to come near 12k level, but there was no more thrust left in nifty after it mark down 11960, so it’s look like it will touch new high again but Bulls have to do more work now. No Major news in market till 30th May, so next 2-3 days will be consolidation range of 150 Rs Up/Down. I am expecting Monthly expiry above…
Domestic Market View Nifty : Overall Nifty will try to be in range of 11600-11900, On upside if some Intraday rally is there then it will try to gain back 12k mark, But not so easy to sustain above 12k mark Heavy Resistance. Market is now in uncharted territory, I will wait till 2-3 June so that market will show us some more good chart. VIX Cool down so don’t expect any high fluctuations. Bank…