PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 12 OCT 202312 oct 2023
WORLD MARKETS
1. US and Asia is looking neutral to bullish while Asia is looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating a reduction in volatility.
2. GIFT Nifty is indiacating 20 points down tick now at 19790 and bank nifty at 44450.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. It has crossed 1535 which is a strong resistance. Next Tgt is 1561. Sp can be seeen at 1535.
2. ICICI Bank has taken rejection at 960 which is 20 SMA. It has made a shooting star. It has sp at 950.
3. Reliance has made a bullish candle. 2335 is a good sp. 2367 is a strong resistance.
ANALYSIS
1. Gift Nifty is indicating a flat to negative opening.
2. TCS has come up with a good result which may lift Nifty. But Bank Nifty may remain range bound awaiting HDFC Bank result on saturday.
TRADING PLAN
NIFTY OPEN BETWEEN 19833 - 19788 : Buy any break out above 19850.
NIFTY OPEN ABOVE 19833 : Buy any dip to 19800 and move above 19850.
3. NIFTY OPEN BELOW 19780: Wait for a break below 19750.
4.BANK NIFTY OPEN BETWEEN 44600 - 44435 : Buy any dip to 44450.
5.BANK NIFTY OPEN ABOVE 44600 : Buy only a confirmed break out above 44700.
6. BANK NIFTY OPEN BELOW 44430 : Short position can be taken only below 44300.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Search in ideas for "gift nifty"
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 11 OCT 202311 OCT 2023
WORLD MARKETS
1. US market is bullish whereas Europe is neutral to bearish and Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 indicating volatility is still high.
2. GIFT Nifty as of now is indicating 43 points uptick at 19730 levels and Bank Nifty at 44500 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank still has a strong resistance at 1526. Next resistance will be 1529 -1533. It will become fully bullish only above 1535. 1521 is still a strong sp.
ICICI Bank has turned bullish. 955 is still a strong resistance. 944 still remains a strong sp. However it is very bullish.
3. Reliance has strong sp at at 2290. 2315 is a strong resistance, break of it willbe very bullish. 2322 is a strong resistance.
ANALYSIS
1. World markets are looking mixed.
2. Indices are looking bullish.
3. Brent crude is still below 90 dollar.
4. However earnings of TCS, HDFC Bank will be there this week and market may turn cautious before the earnings.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19730 - 19645 : Any dip to 19650 is a buy. Sell on rally is not an option.
2. NIFTY OPEN ABOVE 19730 : Wait for a break out above 19770.
3.NIFTY OPEN BELOW 19650 : Wait for a break down below 19600.
4.BANK NIFTY OPEN BETWEEN 44495 - 44228: Any dip to 44200 is a buy.
5. BANK NIFTY OPEN ABOVE 44495 : WAIT FOR A CONSOLIDATION AND BREAK ABOVE 44600.
6. BANK NIFTY OPEN BELOW 44228 : Wait for a break below 44080.
NOTE : MARKET HAS MOVED TODAY. TOMORROW IS EXPIRY FOR BANK NIFTY. MARKET MAY REMAIN RANGE BOUND.
DISCLAIMER
I AM NOT A SEBI REGISTERED TRADER.THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADER TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 OCT 202304 Oct 2023
WORLD MARKETS
1. World markets are completly bearish. All the world markets are down 1.5 -2.5 %.
INDIA VIX AND GIFT NIFTY
1. India VIX @11.7 is indicating high volatility. GIFT Nifty is indicating 75 points down tick @19450. This amounts to 44200 in Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank and ICICI bank is down 1.0 %. They are looking bearish.
2. HDFC Bank has turned bearish. Any break of 1500 is very bearish.
3. ICICI Bank has sp at 937. Any break of 937 is bearish.
3. Reliance is looking very bearish.
ANALYSIS
1. 1. World markets are bearish.
2. INDIA VIX is trying to break 12 indicating increased volatility.
3. However Everyday Indian indices are gapping down and for the full day it trade in a range.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19569 - 19590 : Sell Any rally to 19600.
2. NIFTY OPEN ABOVE 19565 : Wait for a break out above 19600.
3.NIFTY OPEN BELOW 19490 : Sell any rally to 19500.
4.BANK NIFTY OPEN BETWEEN 44480 - 44313 :Sell any rally to 44500.
5.BANK NIFTY OPEN ABOVE 44500 : Wait for a break out above 44600.
6. BANK NIFTY OPEN BELOW 44200 : Sell any rally 44300.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERIES. THE AUTHOR OF THIS ARTICLE IS NOT RESPONSIBLE FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 28 SEP 202328 Sep 2023
WORLD MARKTS
1. All the world markets have turned red. while they look bearish they are oversold.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 @11.5 indicating increased volatility.
2. GIFT Nifty is indicating 43 points down tick at 19650 levels. This amounts to 44500 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank has strong resistance @ 1530 - 1535. Bullish bets can be taken above 1530 and fully bullish above 1535. Any move below 1520 is bearish.
2. ICICI Bank has resistance at 950. 940 is a strong support. Any move below is bearish.
3. Reliance has made a bullish candle. Need to see whether it will sustain. 2360 is a strong sp and 2378 is a strong resistance.
ANALYSIS
1. World markets have turned bearish.
2. Indices has made a pullback. we have to see whether it will sustain.
TRADING PLAN
NIFTY OPEN BETWEEN 19762 - 19670 : Any dip to 19650 is a buy. Any weakening @ 19760 and move below 19700 is a sell.
2. NIFTY OPEN ABOVE 19760 : Wait for a consolidation at 19760 - 19800 and buy the breakout.
3. NIFTY OPEN BELOW 19660 : Wait for a break down below 19620 and then sell.
4.BANK NIFTY OPEN BETWEEN 44725 - 44453 : Any move to 44800 is a sell. Any dip to 44450 and move above 44550 is a buy.
5. BANK NIFTY OPEN ABOVE 44725 : Wait for a consolidation and breakout above 44750.
6. BANK NIFTY OPEN BELOW 44450 : Any rally to 44600 and break below 44500 is a sell.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR IS NOT LIABLE FOR ANY TRDAE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 22 SEP 202322 Sep 2023
WORLD MARKETS
1. US and Europe are trading with a bearish bias.
2. Asia is bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating lower volatility.
2. GIFT nifty is indicating 68 points down tick at 19680 levels. This amounts to 44400 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank still look bearish, but a pullback may be expected. It is taking sp at 1520 - 1535. 1565 is a strong resistance. Bullish bets can be taken only above 1570. Bearish bets can be taken only below 1520 levels.
2. ICICI Bank has turned bearish. 970 is a strong resistance. Bulish bets can be taken only above 975. 950 is a good sp. Any break of 950 is bearish.
3. Reliance is bearish. 2400 is a strong resistance. 2360 is a strong support. Any break of 2355 is a sell.
ANALYSIS
1. Index heavy weights are looking bearish.
2. Asia has turned bearish. Nifty has good support at 19400. The last swing low was at 19200. The swing low for bank nifty is at 44000.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19780 - 19700 : Any rally to 19800 - 19820 and fall below 19780 is a sell. 19700 is the tgt.
2. NIFTY OPEN ABOVE 19780 : Any decisive move above 19820 is a buy for a tgt of 19900.
3. NIFTY OPEN BELOW 19700: Any rally to 19720 and fall below 19700 is a sell.
4.BANK NIFTY OPEN BETWEEN 44813 - 44437 : Any rally to 44800 is a sell. Any consolidation between 44450 -44400 is a buy for a tgt of 44800.
5.BANK NIFTY OPEN ABOVE 44800 : Any decisive move above 46000 is bullish. However any pull back from 46000 and fall below 44900 is a sell.
6.BANK NIFTY OPEN BELOW 44435 : Any rally to 44500 is a sell.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR HAS NO LAIBILTY FOR ANY TRADES TAKEN BY THE READER.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 SEP 202321 Sep 2023
WORLD MARKETS
1. World markets are consolidating ahead of Fed rate decision. However the US indices are trading in the green.
INDIA VIX AND GIFT NIFTY
1. India VIX is still at 11 with a slight increase. GIFT Nifty is indicating 65 points uptick at 19960 levels. This amounts to 45600 levels for bank nifty.
INDEX HEAVY WEIGHTS
1.HDFC Bank is battered. 1575 will be a strong resistance. It can turn bullish only above 1600.
2. ICICI bank is trying to be bullish. however it could not break 996 levels. 990 is a strong resistance. It can turn bullish only above 996.
3. Reliance is heading towards 2290 levels. Any rally to 2420 is a sell. It can turn bullish above 2452 only.
ANALYSIS
1. The fall in the indices is mainly due to HDFC Bank and reliance.
2. Markets are waiting for a fed rate decision. If the Fed holds the interest rate, then the market may rally.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19950 - 19850 : Any rally to 20000 and fall below 19950 is a sell.
2.NIFTY OPEN ABOVE 19950 : Any break of 20050 will be bullish.However any break below 19950 will be bearish.
3.NIFTY OPEN BELOW 19850 :Any rally to 19950 - 20000 is a sell.
4. BANK NIFTY OPEN BETWEEN 45250 - 45500 :Any rally to 45600 and break below 45500 is a sell.
5. BANK NIFTY OPEN ABOVE 45500 : Any decisive break of 45700 is a buy. However any rejection of 45650 is a sell.
6. BANK NIFTY OPEN BELOW 45250: Any rally to 45400 and fall below 45250 is a sell.
DISCLAIMER
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FIANACIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR HAS NO LIABILITY FOR ANY TRADE TAKEN BUY YOU.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 09 SEP 202308 Sep 2023
What a rally after the break of 44620. Anyone who followed the levels as per yesterday must be smiling. Almost 300 points in 44500 CE.
WORLD MARKETS
1. World markets are looking neutral to choppy..
2. Actually India is not following world markets at all. It has turned bullish now.
INDIA VIX AND GIFT NIFTY.
1. India VIX is at 10.9 which is below 11 and bullish.
2. GIFT Nifty is showing a flat opening.
INDIEX HEAVY WEIGHTS
1.HDFC Bank as predicted gave a rally post the break out of 1604 levels. The next tgt is 1628 levels. Any dip in HDFC Bank is a buy.
2. ICICI Bank on the other hand is still in a range. Today it supported the rally by moving from the bottom end of the range upwards.
3. Reliance is turning bullish but is still consolidating. Any move above 2456 is bullish. 2400 still remains a strong support.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19777 - 19680 : Buy any dip to 19680 levels.
2. NIFTY OPEN ABOVE 19780: Wait for a breakout above 19835.
3. NIFTY OPEN BELOW 19680: Wait for a breakdown of 19500 levels.
4. BANK NIFTY OPEN BETWEEN 45020 - 44720: Buy any dip to 44700 levels.
5. BANK NIFTY OPEN ABOVE 45020 : Buy any consolidation between 44900 - 45020 and further breakout.
6.BANK NIFTY OPEN BELOW 44720: Wait for a breakdown of 44600 levels.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY.PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR BEFORE TAKING ANY TRADE. THE ORIGINATOR OF THIS ARTICLE WILL NOT BE RESPONSIBLE FOR ANY TRADE TAKEN BY YOU.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 05 SEP 202305 Sep 2023
WORLD MARKETS
1. S&P and NASDAQ are trading with a bullish bias, while DJI is neutral.
2. Asia and Europe is mixed with Europe trading in a range and Asia neutral to bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating less fear and volatility.
2. GIFT Nifty is indicating 15 points down tick at at 19500 levels. This amounts to 44500 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. 1585 is still a strong resistance. Any break of it will be bullish for a tgt of 1593 levels. Anybreak of 1578 is bearish.
2. ICICI bank has strong resistance at 970. 960 is a strong support. Any break of 970 will be very bullish for a tgt of 975.
3. Reliance is taking sp at 2400 for the past 3 days. Any break of 2400 is bearish for a tgt of 2350. Bullish bets can be taken above 2460 levels.
ANALYSIS
1. India VIX is below 11 indicating less fear and volatility.
2. World markets are trading neutral to bullish.
3. Index heavy weight HDFC bank and ICICI bank is bullish while Reliance and ITC is bearish
TRADING PLAN
1. NIFTY OPEN BETWEEN 19560 - 19500 : Any dip to 19500 is a buy. Any break of 19460 is bearish.
2. NIFTY OPEN ABOVE 19560: Wait for consolidation between 19560 - 19530 and a break out. Tgt 19650.
3.NIFTY OPEN BELOW 19500: Any break of 19460 is bearish for a tgt of 19400.
4.BANK NIFTY OPEN BETWEEN 44670 - 44480: Any dip to 44500 is a buy provided it consolidate at 44500.
5. BANK NIFTY OPEN ABOVE 44670: Any dip to 44600 is a buy. Tgt 44925.
6.BANK NIFTY OPEN BELOW 44480: Any rally 44500 and break below 44480 is a sell for a tgt of 44220.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE ORIGINATOR OF THIS ARTICLE WILL NOT BE RESPONSIBLE FOR ANY DECISON TAKEN BY YOU IN TRADING.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 SEP 202301 Sep 2023
WORLD MARKETS
1. World markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12 indicating resumption of volatility.
2. GIFT Nifty is indicating 50 points down tick at 19200. This amounts to 44000 level for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC BANK : HDFC Bank has taken sp at 1566. Any break of 1566 give us 1560 -1551. Any gap up above 1584 is bullish.
2. ICICI Bank traded in a range 965-955. Any break above 965 is a bullish sign. 950 is a strong sp. However any reversal from 965 will be bearish.
3. Reliance is at crucial sp of 2400 -2375. It can turn bullish above 2437.5. Any rally to 2420 and reversal is a sell tgt 2400.
ANALYSIS
1. Wold markets are positive and bullish. Indian indicies are bearish. Nifty is at crucial sp of 19200. If it break it, next tgt will be 19000. Bank Nifty is also bearish and heading towards 43000 levels.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19300 - 19208 LEVELS.: Any rally to 19325 and break below 19300 is a sell.
2. NIFTY OPEN ABOVE 19300 : Any decisive break out from 19325 is a buy.
3. NIFTY OPEN BELOW 19200 : Any rally to 19220 is a sell.
4.BANK NIFTY OPEN BETWEEN 44130 - 43850 : Any rally to 44130 - 44200 is a sell.
5. BANK NIFTY OPEN ABOVE 44130: Any break of 44360 is a buy.
6. BANK NIFTY OPEN BELOW 43852: Any rally to 44000 is a sell. Tgt 43700.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 AUG 202328 Aug 2023
WORLD MARKETS
1. US markets are consolidating with a bearish bias.
2. Europe is looking bearish.
3. Asia is consolidating with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 12 indicating continuation of trend which is downtrend.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish.1568 is a strong resistance. Bullish view can be taken above 1572. Any break of 1556 will be bearish for a tgt of 1543.
2. ICICI Bank is looking bullish. Any break of 974 and 977 will be bullish. Break of 964 will be bearish. Tgt 958.
3. Reliance has turned bearish. 2486 is a strong resistance. Bullish bets can be taken above 2502.
ANALYSIS
1. World markets are looking neutral to bearish.
2. HDFC Bank and reliance is looking bearish while ICICI Bank is looking bullish. This may create volatility in bank nifty and Nifty.
3. India VIX is above 12 indicating high volatility.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 19280 - 19250 : Any breakout above 19305 is bullish. Any breakdown below 19225 is a sell.
2.NIFTY OPEN ABOVE 19300 : Any open above 19305 is bullish for a tgt of 19400 provided reliance turn bullish.
3. NIFTY OPEN BELOW 19250 : Any rally to 19250 will be a sell.
4. BANK NIFTY OPEN BETWEEN 44340 - 44130 : Any rally to 44400 is a sell. Any dip to 44029 and move above 44150 is a buy.
5. BANK NIFTY OPEN ABOVE 44350 : Any break of 44400 is bullish and any dip to 44350 is a buy.
6. BANK NIFTY OPEN BELOW 44100 : Any rally to 44200 is a sell.
I AMNOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 23 AUG 202323 Aug 2023
WORLD MARKETS
1. world Markets are consolidating with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. GIFT Nifty is indicating 50 points down tick as of now at 19330. This amounts to 43800 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish. 1587 is a strong resistance. Any move above 1592 will be bullish. Any rally to 1587 -1590 is a sell. Any move below 1579 will be bearish.
2. ICICI Bank has strong resistance at 959. Any move to 955 is a sell. Any move above 960 is bullish.
3. Reliance has turned bearish. Any move above 2541 is bullish. Any move below 2520 is bearish.
ANALYSIS
1. Indices are consolidating for the past four days moving in a range .
2. Index heavy weights are looking bearish.
3. However indices are at the verge of the breakout. It may happen tomorrow or day after.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19411 - 19378 : Any break of 19411 is bullish. Any break below 19350 will be bearish.
2. NIFTY OPEN ABOVE 19411: Any dip to 19400 is a buy. Also it should break 19431 decisively. Tgt of 19460 - 19500.
3. NIFTY OPEN BELOW 19370 : Any rally to 19380 is a sell. Also it should break 19360 decisively. Tgt of 19334 - 19300.
4. BANK NIFTY OPEN BETWEEN 44050-43930: Any break of 44115 is a buy. Any break of 43870 is a sell.
5.BANK NIFTY OPEN ABOVE 44050: Any break of 44115 is a buy.
6. BANK NIFTY OPEN BELOW 43930: Any break of 43850 is a sell for a tgt of 43750.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGIATERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 21 AUG 202321 Aug 2023
WORLD MARKETS
1. World markets has turned negative. US, Europe and Asia all are negative.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12.14 indicatig bearishness.
2. GIFT Nifty is indicating 48 points downtick at 19262. This amounts to 43700 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bearish. It has support at 1579.5. Resistance can be seen @ 1596 . Any break of 1587 is bearish for a tgt of 1581.
2. ICICI Bank has resistance at 959. Any break of 946 is bearish. Bullish bets can be taken above 959.
3. Reliance has good sp at 2537. Any dip to 2537 is a buy. It can turn bullish above 2577. Any break of 2438 is bearish.
ANALYSIS
1. Indices are looking bearish.
2. However everyday indices gap down and consolidate . Also The gap down value is slowly coming down and market is getting rangebound.
3. Overall market is bearish.
TRADING PLAN:
1.NIFTY OPEN FLAT : Sell any rall to 19307.
2. NIFTY GAP UP ABOVE 19377: Buy Any dip to 19350 levels.
3. NIFTY GAP DOWN BELOW 19270: Sell Any rally to 19270 and increase the quantity if it break 19240 decisively.
4. BANK NIFTY OPEN BETWEEN 43950 -43770 : Sell Any rally to 43950.
5. BANK NIFTY OPEN BETWEEN 43770 - 43690 : Any rally to 43800 is a sell. Increase qty if 43690 is broken decisively.
6. BANK NIFTY OPEN ABOVE 43950: Wait for a breakout of 44020 decisively.
I AM NOT A SEBI REGISTERED TRADERR. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 18 AUG 202317 Aug 2023
WORLD MARKETS
1. US and Europe are looking bearish while Asia is looking over sold.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 12 indicating volatility and bearishness.
2. GIFT Nifty is indicating 54 points downtick at 19300 levels. This amounts to 43700 levels in bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank could not break 1615 levels. Next sp is at 1580 levels. It has resistance at 1602 levels. It can be bullish above 1607. If it break 1593, it will be bearish.
2. ICICI Bank could not break 960 levels. Any break of 946 will be bearish for a tgt 940.
3. Relaince has turned negative. It has closed below 2550. Any rally to 2550 will be a sell. Any break of 2530 is a sell, tgt 2524.
ANALYSIS
1. Nifty could not defend 19400 and BAnk Nifty 44000 levels. Nifty is again gapping down. This may result in a range bound market tomorrow also.
2. Index heavy weights are looking negative.
TRADING PLAN
1. Nifty OPEN BETWEEN 19400 - 19327 : Sell any rally to 19400 - 19420 levels.
2. NIFTY OPEN ABOVE 19440 : Bulllish and any dip to 19400 will be a buy.
3. NIFTY OPEN BELOW 19320: Sell Any rally to 19320 levels.
4.BANK NIFTY OPEN BETWEEN 43980 - 43800:Any rally to 44000 is a sell.
5. BANK NIFTY OPEN ABOVE 44000 : Any move above 44070 is bullish for a tgt of 44210 levels.
6.BANK NIFTY OPEN BELOW 43800 : Any rally to 43800 is a sell for a tgt of 43550.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 11 AUG 202311 Aug 2023
WORLD MARKETS
1. World markets are in green.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 11.4 indicating very high volatility.
2. GIFT Nifty is indicating 30 points uptick at 19570. This amounts to 90 points uptick at 44620.
INDEX HEAVY WEIGHTS
1. HDFC Bank is moving in a range of 1644- 1630. Any break of these levels wil give trending move to Bank Nifty.
2. ICICI Bank is also in a range of 960 - 970. Any break of these range will give trending move.
3. Reliance is bullish. Any dip to to 2525 will be a buying opportunity.
ANALYSIS
1. US markets are in green.
2. The RBI policy has kept the repo rate unchanged.
3. But the the RBI has increased the ICRR. This will suck out the liquidity from the banking system. but this will be temporary.
4. But this may have some effect on banking stocks at least temporarily.
5. Market may remain range bound for tomorrow.
TRADING PLAN
1. NIFTY OPEN FLAT: Any Move to 19600 and drop below 19570 will be bearish for a tgt of 19540.
2. NIFTY OPEN GAP UP: Any gap up above 19613 will be bullish for a tgt of 19680.
3. NIFTY OPEN GAP DOWN: Any move below 19500 decisively will be bearish for a tgt 19400.
4. BANK NIFTY OPEN FLAT: Any move to 44730 is a sell.
5. BANK NIFTY OPEN GAP UP: Any move above 44800 can be bullish for a tgt of 44970.
6. BANK NIFTY OPEN GAP DOWN: Any gap down below 44500 is bearish for a tgt of 44050.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION ID=S FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 10 AUG 202310 Aug 2023
WORLD MARKETS
1. US is looking bearish. While Asia and Europe is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is still above 11 indicating volatility. GIFT Nifty is just 11 points down at 19632.
INDEX HEAVY WEIGHTS.
1. HDFC Bank after the fall, recovered smartly and has made a hammer pattern. It has strong support at 1642 level and break of it will be bearish. resistance can be seen at 1657 levels. Break of this will be bullish.
2. ICICI Bank also made a smart recovery and has made a hammer pattern. It is bullish above 980 and bearish below 967. Any rally to 975 and weakening will be a sell.
3. Reliance is bullish and is supporting nifty. Move above 2536 is bullish whereas move below 2500 is bearish.
ANALYSIS
1. Tomorrorw is RBI MPC meeting and nifty expiry. Market may remain volatile till the event is over.
2. Indices are looking bullish for tomorrow. If RBI maintain status quo, then we may see a mildly bullish scenario. However the commentary will be more important.
TRADING PLAN
1.NIFTY OPEN FLAT : Any dip to 19600 - 19560 will be a buying opportunity.
2. NIFTY OPEN GAP UP: Any move to 19680 and weakening after RBI policy will be a sell for a tgt of 19500. Any break of 19680 will be bullish for a tgt of 19750.
3. NIFTY OPEN GAP DOWN: Any gap down below 19580 and recovery will be a buy for a tgt of 19630.
4. BANK NIFTY OPEN FLAT: Any move to 45000 will be a sell for a tgt of 45800.
5.BANK NIFTY OPEN GAP UP: Any open above 45000 and break of 45125 is a buy for a tgt of 45324.
6. BANK NIFTY OPEN GAP DODWN: Any gap down below 44750 is a sell for a tgt of 44500.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY.PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 08 AUG 202308 AUG 2023
WORLD MARKETS
1. US and Europe markerts are looking neutral to bullish, while Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 indicating increase in volatility.
2. GIFT Nifty is indicating 20 points downtick at 19575 levels.
INDEX HEAVY WEIGHTS.
1. HDFC Bank is in a range indicating indecision. Any move above 1660 is bullish and move below 1640 levels will be bearish.
2. ICICI bank is is mildly bullish. Any move above 977 is bullish and any move below 972 is bearish.
3. Reliance is bullish. Any move above 2530 is bullish. Any move below 2510 i bearish.
ANALYSIS
1. Indices are in a range post quarterly results and is looking for direction.
2. Also all the index heavy weights except reliance is range bound with a bullish bias.
3. Move in Nifty can only be expected if Bank Nifty turn bullish.
4. IT is supporting Nifty.
TRADING PLAN
1. NIFTY OPEN FLAT : Any move above 19620 is bullish for a tgt of 19690 levels.
2. NIFTY OPEN GAP UP: Any gap up above 19630 is bullish for a tgt of 19690.
3. NIFTY OPEN GAP DOWN: Any gap down below 19550 is bearish for a tgt of 19520.
4. BANK NIFTY OPEN FLAT : Any rally to 44968 - 45000 is a sell for a tgt of 44800.
5. BANK NIFTY OPEN GAP UP: Any gap up above 44970 and break of 45070 is bullish.
6. BANK NIFTY OPEN GAP DOWN: Any move below 44700 is bearish for a tgt of 44610 and below.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 08 AUG 202308 AUG 2023
WORLD MARKETS
1. US and Europe markerts are looking neutral to bullish, while Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 indicating increase in volatility.
2. GIFT Nifty is indicating 20 points downtick at 19575 levels.
INDEX HEAVY WEIGHTS.
1. HDFC Bank is in a range indicating indecision. Any move above 1660 is bullish and move below 1640 levels will be bearish.
2. ICICI bank is is mildly bullish. Any move above 977 is bullish and any move below 972 is bearish.
3. Reliance is bullish. Any move above 2530 is bullish. Any move below 2510 is bearish.
ANALYSIS
1. Indices are in a range post quarterly results and is looking for direction.
2. Also all the index heavy weights except reliance is range bound with a bullish bias.
3. Move in Nifty can only be expected if Bank Nifty turn bullish.
4. IT is supporting Nifty.
TRADING PLAN
1. NIFTY OPEN FLAT : Any move above 19620 is bullish for a tgt of 19690 levels.
2. NIFTY OPEN GAP UP: Any gap up above 19630 is bullish for a tgt of 19690.
3. NIFTY OPEN GAP DOWN: Any gap down below 19550 is bearish for a tgt of 19520.
4. BANK NIFTY OPEN FLAT : Any rally to 44968 - 45000 is a sell for a tgt of 44800.
5. BANK NIFTY OPEN GAP UP: Any gap up above 44970 and break of 45070 is bullish.
6. BANK NIFTY OPEN GAP DOWN: Any move below 44700 is bearish for a tgt of 44610 and below.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 03 AUG 2023.03 AUG 2023
WORLD MARKETS
1. All the world markets are down with 1.5 -2% cuts.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 indicating volatility.
2. GIFT Nifty indicating 85 points downtick at 19510 fut 19441 spot. This amounts to 44730 for Bank Nifty.
INDEX HAEVY WEIGHTS
1. HDFC Bank has stong resistance at 1650 levels. Any break of 1635 will be bearish.
2. ICICI Bank has strong resistance at 990. Any break of 982 is bearish.
3. Reliance has resistance at 2500 and support can be seen at 2470. Any break of 2470 is bearish.
ANALYSIS
1. world markets are down 1.5 -2 % which is not a good sign.
2. Index heavy weight s are looking bearish to neutral.
3. iNDIA vix is up 9.5% indicating increase in fear index.
TRADING PLAN
1. NIFTY OPEN FLAT : Any move to 19600 is a sell.
2. NIFTY OPEN GAP UP: Any move above 19665 is bullish.
3.NIFTY OPEN GAP DOWN: Any move below 19440 is bearish.
4. BANK NIFTY OPEN FLAT : Any move to 45050 is a sell.
5. BANK NIFTY OPEN GAP UP: Any open above 45185 is bullish for a tgt of 45370.
6. BANK NIFTY OPEN GAP DOWN: Any move below 44700 is bearish for a tgt of 44600 and 44300 levels.
7. NOTE : Tomorrow is Nifty expiry so market may remain range bound or may also bounce back.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 24 JUL 202324 JUl 2023
WORLD MARKETS
1. US markets are looking over stretched.
2. Europe and Asia are trading mixed with a bearish bias.
GIFT NIFTY AND INDIA VIX
1. India VIX is at 11.4 which is below 12. Any move above 12 will invite volatility.
2. GIFT Nifty is indicating 66 points down tick at 19745 Spot. This amounts to 150 points downtick for Bank Nifty at 45800 levels.
RESULTS
1. ICICI Bank and Kotak Bank have come up with very good results which will positively impact Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is in a very tight range between 1675 - 1686 for the past 3 days. 1686 is a strong resistance. Any break of this will give us 1693. Any trade or opening below 1680 will be Bearish for a tgt of 1665.
2. ICICI Bank is looking bullish. Any break of 1004 or opening above 1004 will be positive for a tgt of 1010.It can turn negative only below 990.
3. Reliance after bad result has pulled back.It can turn positive above 2590. But it will turn bearish below 2514 levels.
ANALYSIS
1. ICICI Bank and kotak hve come up with good results. While Infy, reliance and HUL have spooked the markets with below expected result.
2. I remian neutral on Nifty while bank nifty may turn bullish due to ICICI Bank and KOTAK Bank.
TRADING PLAN
1. NIFTY OPEN FLAT : Any move to19800 is a sell as 19800 is looking as a strong resistance. Tgt 19660.
2.NIFTY OPEN GAP UP: Any move above 19850 and sustain above 19850 is a buy for a tgt of 19930. However any weakness at 19840 and drop below 19800 is a sell.
3. NIFTY OPEN GAP DOWN: Any move to 19660 and reversal above 19700 is a buy. Any move below 19650 is a sell for a tgt of 19550.
4. BANK NIFTY OPEN FLAT: Any move above 46318 is a buy for a tgt of 46530. Any weakness at 46230 and drop below 45200 is a sell for a tgt of 46800.
5. BANK NIFTY OPEN GAP UP: Any gap up above 46300 and sustain is a buy for a tgt of 46530.
6. BANK NIFTY GAP DOWN: Any move below 45830 is negative for a tgt of 45620.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY.PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MRKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 21 JUL 202321 Jul 2023
WORLD MARKETS
1. US Market is mixed with S&P and NASDAQ is in red, while DJI is trading positive.
INDIA VIX AND GIFT NIFTY
1. GIFT Nifty is indicating 89 point down tick at 19880 Fut and 19779 Spot. This amounts to 250 points down tick at 46000 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank was trading in a range for last 2 days broke out today after 1500 Hrs. Any move above 1695 is bullish. Move below 1682 is bearish.
2. ICICI Bank broke out before the result itself. May be due to ICICI securities coming up with good result. ICICI Bank is cleraly bullish. Any drop to 988 is a buying opportunity.
3. Reliance is coming up tomorrow with result. This may keep Nifty volatile.
Analysis
1. Both Nifty and bank nifty are bullish.
2. But after a big move, it may trade range bound tomorrow.
3. Buy on dips will be a good strategy. However the dips may not be too big.
TRADING PLAN
1. NIFTY OPEN FLAT. Any dip to 19914 is a buying opportunity.
2. NIFTY OPEN GAP DOWN: Any dip to 19850 is a buying opportunity.
3. NIFTY OPEN GAP UP :Any move to 20040 and reversal is a selling opportunity. Any move above 20107 is a buying opportunity.
4. BANK NIFTY OPEN FLAT: Any dip to 40030 is a buying opportunity.
5. NIFTY OPEN GAP UP: Any Move above 46506 is bullish, while any reversal from 46350 is a sell for a tgt of 46030.
6. BANK NIFTY OPEN GAP DOWN: Any dip to 45900 is a buying opportunity. However any move below 45850 is bearish for a tgt of 45560
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 JUL 202318 JUL 2023
WORLD MARKETS
1. US markets is looking bullish. However Tech stocks in US is pulling back with NASDAQ in red.
2. Europe and Asia is bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is reaching the 12 mark beyond which market may become bearish.
2. GIFT Nifty is indicating 23 points up tick @ 19750 spot. This amounts to 45470 for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is consolidating. It has good support at 1665 and resistance can be seen at 1685. Any break of 1665 can get us 1659 levels. It can become bullish after 1695.
2. ICICI Bank has support at 971 while resistance can be seen at 981. Any open above 981can get us 985. Any break of 971 can give us 970.
3. Reliance is looking bullish. Strong support is seen at 2805 while resistance can be seen at 2833.Any break of 2835, we can get 2865.
Analysis
1. Nifty and bank nifty are consolidating in a short range. Today they took a breather and did not give big move after a gap up but lost all that and closed in negative.
2. ICICI Bank is coming up with result on 22 Jul and may remain range bound.
TRADING PLAN
1. NIFTY OPEN FLAT: Any dip to 19700 is a buying opportunity. Any break of 19700 will be negative for a tgt of 19600.
2.NIFTY OPEN GAP UP: Any open above 19800 is positive if it consolidate there and give a breakout for a tgt of 19875 levels.
3. NIFTY OPEN GAP DOWN: Any decisive break of 19700 give us 19650.
4.BANK NIFTY OPEN FLAT: Any dip to 45200 -45100 and consolidation and break out above 45230 is bullish for a tgt of 45600.
5. BANK NIFTY OPEN GAP UP: Any gap up above 45600 and break out above 45750 is bullish for a tgt of 46040.
6. BANK NIFTY OPEN GAP DOWN: Any break of 45100 is negative for a tgt of 45000 - 44950
I AM NOT A SEBI REGISTERED ANALYST . THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 14 JUL 202314 Jul 2023
WORLD MARKETS
1. world markets are bullish with an uptick of 1% - 2.5% rally.
INDIA VIX AND GIFT NIFTY
1. Gift Nifty is indicating 80 points uptick at 19575 fut and 19420 spot. This amounts to 44900 for bank nifty.
2. India VIX is below 11 indicating bullishness.
INDEX HEAVY WEIGHTS
1. HDFC Bank is mildly bullish. Resistance is at 1651. Support can be seen at 1640. Any break of 1637 will be bearish for a tgt of 1629.
2. ICICI Bank is bullish. It has strong support at 951. Any dip to 951 is a buying opportunity.
3. Reliance is over bought but bullish.
ANALYSIS
1. Nifty is consolidating and has support at 19350 levels. The nifty came under profit booking. Nifty is still bullish.
2. Bank nifty has support of ICICI Bank but rest of the index components closed in negative. Bank nifty looks bearish.
TRADING PLAN
1. NIFTY OPEN GAP UP : Any gap up above 19465 will be bullish for a tgt of 19500 and above.
2. NIFTY OPEN FLAT : Any move to 19460 is a sell for a tgt of 19350.
3. NIFTY GAP DOWN : Any consolidation at 19360 is a buy for a tgt of 19400.
4. BANK NIFTY GAP UP : Any open above 44800 and consolidation will be a buy for a tgt of 44920 and above. Any weakness at 44900 and drop below 44800 is a sell for a tgt of 44550.
2. BANK NIFTY OPEN FLAT: Any move to 44800 is a sell.
3. BANK NIFTY OPEN GAP DOWN: Any gap down to 44550 and weakness is a sell for a tgt of 44400 - 44200.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 13 JUL 202313 JUL 2023
WORLD MARKETS
1. All the world markets are looking bullish with 1.0 - 1.5% gain.
INDIA VIX AND GIFT NIFTY
1. India VIX has come dow below 11.
2. GIFT Nifty is indicating 102 points uptick at 19568 and that spot at 19485. This amounts to 44900 for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank has a strong resistance at 1654. Any break of 1654 will give us 1670. It has strong support at 1620.
2. ICICI Bank has strong resistance at 947. Any break of 941 will be bearish.
3. Reliance has strong support 2757.Resistance can be seen at 2780.
Analysis
1. world markets are looking very bullish with 1.0 - 2 % uptick.
2. GIFT Nifty is indicating 100 points uptick at 19480.
3. Post TCS and HCL TECH results markets may look for fresh clues.
TRADING PLAN
1. NIFTY OPEN GAP UP : Any move above 19530 will be bullish. Any weakness below 19400 will be bearish.
2. NIFTY OPEN FLAT : Any weakness below 19400 will bea bearish.
3. NIFTY OPEN GAP DOWN: Any gap down below 19340 will be bearish for a tgt of 19250.
4. BANK NIFTY OPEN GAP UP : Any move above 45020 will be bullish. Any weakness below 49740 will be bearish. There will be no trade between 44800 - 45020.
5. BANK NIFTY GAP DOWN: Any gap down below 44500 and consolidation is a buy with a tgt of 44800.
6. BANK NIFTY OPEN FLAT: Any move to 44900 and reversal below 44800 is a sell for a tgt of 44500.
I AM NOT A SEBI REGISTERED TRADER.THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.