Global markets (Last Session):
🟠 US markets closed marginally lower in a narrow range session. Dow/Nasdaq/SPX extended their losses by 0.35% more.
🟠 European markets had weak opening but recovered sharply in second half to close marginally lower with 0.35% loss.
🟠 US 10YR yield cooling of today to 1.572 level. DXY rose high to 94.516 mark. Brent crude fell by 0.33% to 83.31.
Indian Indices Last Session:
🟢 #Nifty had a gap down but seen strong sustained buying from very first candle to close at highest point of day @18008.
🟢 #BankNifty had a gap down but seen sustained buying from very first candle to close near highest point of day @38590.
🟢 Both indexes noticed buying with strong volumes despite global weakness specially from European markets. #VSABreakOut
🔴 FII's were net seller of 2931+ cr ignoring option figures which could be for hedging. DII were net sellers of 741 cr.
🟠 The biggest surprise is when FII/DII selling in such huge figures how can we see strong broad based rally in all caps.
Technicals:
🟢 Nifty RSIStairs has turned overbought in all timeframes D/W/M. D(68.17), W(76.71), M(80.22) & ADX D(37.59). Bullish
🟢 Nifty trading above all major moving averages 20/50/100 in D/W time frame. 20DEMA 17671. Bullish with cautious tone.
🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for another week
🟢 Till some major levels are broken DCB #Nifty (17275-17433) and #BankNifty(37765) trend & momentum in favor of bulls.
🟢 #BankNifty RSI has given a breakout above 60. Banking stocks likely to do well this quarter. Expect BO. 20DEMA 37676
Global markets (Morning Cues @08.30 AM):
🟠 US & Europe futures trading marginally lower. Cues bearish. Need to wait for a day to get the direction for the week.
🔴 Asian markets trading lower. SGX trading up by 45 points indicating positive opening in the Indian benchmark indices
Intraday Index Futures Levels
🟠 IDX Levels adjusted to an expected gap up. All TF bullish. Global cues negative. #ParticipantData FII/DII bearish.
🟢 #Nifty Fut 17743/17838/17879/17935-18059/18115/18162/18215. RDX Score- 15M(+6*)/75M(+4*)/1D(+5*)/1W(+6*) #Bullish
🟢 #BankNifty 38040/38175/38287/38378-38679/38778/38885/38967. RDX Score- 15M(+4*)/75M(+5*)/1D(+6*)/1W(+5*) #Bullish
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels (View all levels only at 15M candle closing basis)
Intraday Index Trade Plan
🔴 #Nifty trading & sustaining below 17880 on 15 MCB will turn weak. Good to #Short around 18859/18115 with protection.
🟠 Selling 18000 #Straddle post opening also can be good idea with 40% capital deployment. Rest required for adjustment.
🟠 US markets closed marginally lower in a narrow range session. Dow/Nasdaq/SPX extended their losses by 0.35% more.
🟠 European markets had weak opening but recovered sharply in second half to close marginally lower with 0.35% loss.
🟠 US 10YR yield cooling of today to 1.572 level. DXY rose high to 94.516 mark. Brent crude fell by 0.33% to 83.31.
Indian Indices Last Session:
🟢 #Nifty had a gap down but seen strong sustained buying from very first candle to close at highest point of day @18008.
🟢 #BankNifty had a gap down but seen sustained buying from very first candle to close near highest point of day @38590.
🟢 Both indexes noticed buying with strong volumes despite global weakness specially from European markets. #VSABreakOut
🔴 FII's were net seller of 2931+ cr ignoring option figures which could be for hedging. DII were net sellers of 741 cr.
🟠 The biggest surprise is when FII/DII selling in such huge figures how can we see strong broad based rally in all caps.
Technicals:
🟢 Nifty RSIStairs has turned overbought in all timeframes D/W/M. D(68.17), W(76.71), M(80.22) & ADX D(37.59). Bullish
🟢 Nifty trading above all major moving averages 20/50/100 in D/W time frame. 20DEMA 17671. Bullish with cautious tone.
🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for another week
🟢 Till some major levels are broken DCB #Nifty (17275-17433) and #BankNifty(37765) trend & momentum in favor of bulls.
🟢 #BankNifty RSI has given a breakout above 60. Banking stocks likely to do well this quarter. Expect BO. 20DEMA 37676
Global markets (Morning Cues @08.30 AM):
🟠 US & Europe futures trading marginally lower. Cues bearish. Need to wait for a day to get the direction for the week.
🔴 Asian markets trading lower. SGX trading up by 45 points indicating positive opening in the Indian benchmark indices
Intraday Index Futures Levels
🟠 IDX Levels adjusted to an expected gap up. All TF bullish. Global cues negative. #ParticipantData FII/DII bearish.
🟢 #Nifty Fut 17743/17838/17879/17935-18059/18115/18162/18215. RDX Score- 15M(+6*)/75M(+4*)/1D(+5*)/1W(+6*) #Bullish
🟢 #BankNifty 38040/38175/38287/38378-38679/38778/38885/38967. RDX Score- 15M(+4*)/75M(+5*)/1D(+6*)/1W(+5*) #Bullish
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels (View all levels only at 15M candle closing basis)
Intraday Index Trade Plan
🔴 #Nifty trading & sustaining below 17880 on 15 MCB will turn weak. Good to #Short around 18859/18115 with protection.
🟠 Selling 18000 #Straddle post opening also can be good idea with 40% capital deployment. Rest required for adjustment.
Comment:
.
🔴 Never gave #Short opportunities. Shorted CE and paid the price i.e. SL.
🟡 Straddle didn't enter as it opened above major level 18k and above PDH
🔴 Never gave #Short opportunities. Shorted CE and paid the price i.e. SL.
🟡 Straddle didn't enter as it opened above major level 18k and above PDH
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All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.
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