NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Global markets (Last Session):
🟢 US markets continued its up move from last day & moved another 1-1.5% higher closing near highest point of the day.
🟢 European markets opened opened strongly and closed higher by 1.25-2.00% closing near the highest point of the day.
🟠 US 10YR yield closed higher +3.35% near 1.575. DXY cooled off to 94.21 mark. Brent crude rose by 2.00% to 82.44.

Indian Indices Last Session:
🟢 #Nifty opened gap up but had a narrow range day. Towards the end, #Nifty closed higher 1ith 1% gain above 17800 mark.
🟢 #BankNifty had a gap up too had both sided moves. Finally settled the day with 0.7% higher. Poised for a breakout.
🟢 FII's were net buyer of 3325+ cr ignoring option figures which could be for hedging. DII were net buyers of 2528 cr .

Technicals:
🟢 Nifty RSIStairs cooled off in daily TF but it remains overbought in W/M. D(63.00), W(75.30), M(79.68) & ADX D(38.25)
🟢 #Nifty trading above all the major moving averages 20/50/100 in D/W time frame. 20DEMA 17568. Potential BO Candidate.
🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for first 2 weeks.
🟢 Till some major levels are broken DCB #Nifty (17275-17350) and #BankNifty(37249) trend & momentum in favor of bulls.
🟢 #Nifty #BankNifty spot made NR7IB today. Falling ADX & narrow range moves indicate volatility contraction. BO ahead.
🟢 #BankNifty RSI on verge of breakout above 60. Banking stocks likely to do well this quarter. Expect BO. 20DEMA 37452.

Global markets (Morning Cues @06.00 AM):
🟡 US & Europe futures trading 0.5% flat after a strong previous session. US 10 year bond yield is near 1.59. Caution.

Intraday Index Futures Levels
🟢 IDX Levels adjusted to expected gap up. All TF bullish . Global cues positive. #ParticipantData of FII positive.
🟢 #Nifty Fut 17556/17618/17690/17743-17864/17905/17947/18007. RDX Score- 15M(+1*)/75M(+2*)/1D(+3*)/1W(+6*) #Bullish
🟢 #BankNifty 37185/37375/37525/37749-38048/38173/38333/38425. RDX Score- 15M(+1*)/75M(+2*)/1D(+3*)/1W(+4*) #Bullish
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels (View all levels only at 15M candle closing basis)

Intraday Index Trade Plan
🟢 PCR 0.98. Yesterday #ShortCovering was evident as futures went from discount to premium & closing was also very good.
🟡 #Nifty trading & sustaining above 17863 on 15 MCB will move higher. One need to wait for breakout and then take entry.
🟡 Adjustment: Yesterday towards closing had taken #STBT #BearishBrokenWingStraddle (-2x ATM CE, -1x ATM/OTM PE). Quit
🟢 Time to play the volatility compression & expansion in both indexes. #NR7IB play can be done for a good 300-500 point.
Comment: Standard Disclaimer:

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.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

For queries, suggestions, access requests you can reach out to me using below social media handles.

EMail_ID:- support@tradersvenue.com
Telegram: https://t.me/TradersVenue
Twitter: http://twitter.com/PrasunaBarik
YouTube: https://www.youtube.com/channel