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…
Domestic Market View Nifty : Nifty did the same as described in Yesterday Report, Buy on dips in between 11650-625 and it made low…
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…
Domestic Market View Nifty : Support 11820 – 11760, Resistance 11960-12000, Yesterday market took support of 11820 and bounced 80 points. Market not in…
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…
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…
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…