My observations Positive points are there & also negative points are there
a) Positive :-
1) FinMin Decision on Tax cut good in long run for our country in reaching 5trllion economy
2) trying best to attract investors to come to India & bring more money
3) Definitely this move changed fundamentals of companys
b) Negative:-
1) Big negative in short-run
2) due to Tax cut govt income will get reduce
3) already GST is not collected up to to the target
4) existing reserves already in prev budget allocated
5) now income to govt reduces suddenly Fiscal deficit will sudden
increase from 3.3 to 4.1
6) govt need to borrow more money for country development, spending
burden will increase due to this interest rate will increase
7) rupee will become weaker
8) The economy will more slow down in the short term
About Market trend
1) on Friday FII 17cr buy & 16.97Cr sold - indicates booked profit & exited
2) in coming days if FII not increasing their investment in our market it's difficult to raise its very interesting to observe how they react in coming days
3) still trade war is going on, Iran issues also there - global sentiments are not good
4) due to a sudden rise in the market definitely by this expiry profit booking should happen there should be little fall expected in a range
5) it has to be consolidated above 11150 & break 11350 with volume for further up move. market need volume support to go up
6) without consolidation if market moves up it will sustain for a long time due to sudden big move
7) if 11150 is broken then again market may become range-bound like previous b/w 10700 to 11150
Last Week
when market 11100 FII Buyed 10800 put sold 11100 Call
when the market reached 10700 they closed their open positions
on Friday they took Fresh Bullish positions in Box finally they are right they exited with more profits than
expected becoz their target 11150/200 but the market moved 200 pts extra (bonus)
As Per option chain data
Support seen at 11200(S1), 11100/50(S2), 11000(S3)
Resistance seen at 11300(R1), 11400(R2), 11500(R3)
OCHA, Premium decaly & IV Probability analysis showing upwards
Smart money i will post in comments later
in coming day 11200 going to be a crucial downside
11350 going to be crucial in upward side
a) Positive :-
1) FinMin Decision on Tax cut good in long run for our country in reaching 5trllion economy
2) trying best to attract investors to come to India & bring more money
3) Definitely this move changed fundamentals of companys
b) Negative:-
1) Big negative in short-run
2) due to Tax cut govt income will get reduce
3) already GST is not collected up to to the target
4) existing reserves already in prev budget allocated
5) now income to govt reduces suddenly Fiscal deficit will sudden
increase from 3.3 to 4.1
6) govt need to borrow more money for country development, spending
burden will increase due to this interest rate will increase
7) rupee will become weaker
8) The economy will more slow down in the short term
About Market trend
1) on Friday FII 17cr buy & 16.97Cr sold - indicates booked profit & exited
2) in coming days if FII not increasing their investment in our market it's difficult to raise its very interesting to observe how they react in coming days
3) still trade war is going on, Iran issues also there - global sentiments are not good
4) due to a sudden rise in the market definitely by this expiry profit booking should happen there should be little fall expected in a range
5) it has to be consolidated above 11150 & break 11350 with volume for further up move. market need volume support to go up
6) without consolidation if market moves up it will sustain for a long time due to sudden big move
7) if 11150 is broken then again market may become range-bound like previous b/w 10700 to 11150
Last Week
when market 11100 FII Buyed 10800 put sold 11100 Call
when the market reached 10700 they closed their open positions
on Friday they took Fresh Bullish positions in Box finally they are right they exited with more profits than
expected becoz their target 11150/200 but the market moved 200 pts extra (bonus)
As Per option chain data
Support seen at 11200(S1), 11100/50(S2), 11000(S3)
Resistance seen at 11300(R1), 11400(R2), 11500(R3)
OCHA, Premium decaly & IV Probability analysis showing upwards
Smart money i will post in comments later
in coming day 11200 going to be a crucial downside
11350 going to be crucial in upward side
Comment:
Even last time in Election Event 20-May-19 400 pts increased with gap up but very next day 21-May-19 200 pts down
Comment:
1) Smart Money(Bearish) Still holding Bearish positions(PUT Long) & Hedged with Fresh Long position in Future Index
2) Retail Traders(Bullish): Closed all of their short positions & opened fresh long positions in options & took fresh put shorts
3) Retail traders were bullish in last week, then became bearish from Monday to Thursday, again changed to bullish on Friday which indicates totally strange & confusing behavior
4) if tomorrow market goes down it confirms Friday move was a fake move or it may consolidate first to go further down this we can understand by seeing tomorrow FII & retailer EOD reports
2) Retail Traders(Bullish): Closed all of their short positions & opened fresh long positions in options & took fresh put shorts
3) Retail traders were bullish in last week, then became bearish from Monday to Thursday, again changed to bullish on Friday which indicates totally strange & confusing behavior
4) if tomorrow market goes down it confirms Friday move was a fake move or it may consolidate first to go further down this we can understand by seeing tomorrow FII & retailer EOD reports
Comment:
Gap is filled now 11650 working as resistance as price action if that is broken 10800 can be seen other back to down