Get started

Search in ideas for "gift nifty"

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.
NSE:BANKNIFTYShort
by sam20051968
1
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.
NSE:BANKNIFTY
by sam20051968
2
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.
NSE:BANKNIFTYLong
by sam20051968
2
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.
NSE:BANKNIFTY
by sam20051968
1
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.
NSE:BANKNIFTYShort
by sam20051968
1
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.
NSE:BANKNIFTY
by sam20051968
2
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 12 JUN 202312 Jul 2023 WORLD MARKETS 1. US markets are looking neutral with a bullish bias. 2. Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11 indicating less volatility. 2. GIFT Nifty is indicating 25 points uptick at 19520 fut and 19440 spot. This amounts to 44850 levels for bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is taking support at 1640 and closed above it. It has resistance at 1656. Support is at 1640. Bullish bet can be taken above 1665. Bearish bets can be taken below 1640. Tgt of 1631. Any pull back to 1656 can be sold into. 2, ICICI Bank is neutral to bullish. Strong resistance is at 948-952 levels. Support is at 943. Any break of 942 will be bearish. Tgt of 938. Bullish bet can be taken above 950 levels. 3. Reliance is bullish but over bought. Any reversal by reliance will be brutal. Reliance will turn bearish below 2734. Any move above is bullish for reliance. ANALYSIS 1. Nifty is still looking bullish. 2. Bank Nifty on the other side is looking bearish. Any rally will be a selling opportunity. TRADING PLAN 1. NIFTY OPEN FLAT : Any dip to 19400 is a Buying opportunity. 2. NIFTY OPEN GAP UP : Any gap up above 19525 will be bullish. However if the gap up does not sustain, Any close below 19500 is a sell for a tgt of 19400. 3. NIFTY GAP DOWN : Any gap down below 19370 is bearish for a tgt of 19330. 4. BANK NIFTY OPEN FLAT : Any rally to 45000 is a sell. Tgt 44614. 5. BANK NIFTY OPEN GAP UP : Any break of 45010 and sustaining the level is bullish. Tgt of 45228. 6. BANK NIFTY OPEN GAP DOWN: Any stabilisation at 44600 will be bullish for a tgt of 44900. However rejection of of 44600 will give us a tgt of 44300. I AM NOT A SEBI REGISTERED ANALYST. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 11 JUL 2023MARKET OUTLOOK 11 JUL 2023 WORLD MARKETS 1. US markets are consolidating with bearish bias. 2. Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. GIFTY nifty is indicating a flat opening at 19424 fut and 19355 spot. This amounts to 44850 for Bank Nifty. 2. India VIX is down 2 % at 11.4 INDEX HEAVY WEIGHTS 1. HDFC Bank could not sustain above 1665. Support can be seen at 1649. If it break 1649 we get 1640 and below. 1665 is a strong resistance. 2. ICICI Bank has resistance at 955 and support at 945. Any break of these level will give directional move to Bank Nifty. I expect it to remain range bound. 3. Reliance as discussed gave a directional break out. This is due to the demerger news of reliance fin services from reliance. Reliance is a buy on dip to 2690 levels. However it is extremely over bought and may pull back bringing down nifty. ANALYSIS 1. Nifty and Bank Nifty are looking bearish. 2. I expect Nifty to give a directional move while bank nifty may remain range bound. 3. This because, reliance is over bought, IT is bearish, while HDFC and ICICI bank are looking neutral to bearish. 4. Also tomorrow is FIN Nifty expiry. There may be some index management. TRADING PLAN. 1. NIFTY OPEN FLAT : Any move to 19400 and weakness is a sell. Tgt 19300. 2. NIFTY GAP UP : Any move above 19420 is a buy. tgt 19500. 3. NIFTY GAP DOWN : Any consolidation at 19300 - 19320 and move above 19330 is a buy. Tgt 19400.If Nifty drift below 19280, then it is a sell for a tgt of 19211. 4.BANK NIFTY OPEN FLAT : Any move to 45050 and reversal is a sell for a tgt of 44800. 5. BANK NIFTY GAP UP: Any move above 45130 will be bullish for a tgt of 45300. 6. BANK NIFTY GAP DOWN: If nifty gap down below 44700 then it is bearish for a tgt of 44600 and 44400. 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.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 10 JUL 202310 Jul 2023 WORLD MARKETS 1. World Markets are looking bearish. US is neutral to bearish while Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. GIFT Nifty is indicating a 58 points down tick at 19500 fut and 19330 spot. This amounts to 44800 for Bank Nifty. 2. India VIX is at 11.5 which is down 2.5 %. INDEX HEAVY WEIGHTS 1.HDFC Bank is heading towards 1640 levels which is 20 SMA on daily chart. It has good support at 1655 levels. Any break of this level will give us 1640. It can be bullish only above 1670 levels. Any move to 1665 will be a selling opportunity. 2. ICICI Bank has good support at 945. Any break of 943 will be bearish for a tgt of 939 -935. Any pull back to 950 will be a selling opportunity. It can turn bullish only above 952 levels. 3. Reliance has made an inverted hammer pattern indicating bearishness. However this needs confirmation as a bearish reversal. It can turn bullish above 2655 and bearish below 2613. Any move in between will make nifty choppy. However reliance may give a trending move tomorrow. Analysis 1. Indices have turned cautious to bearish for short term. 2. This is due to result season kicking in. Market may stay volatile on the days of result of heavy weights. IT may not come up with good result due to slow down in US and Europe. Bank May come up with good result. 3. On 12 Jul TCS and HCL Tech will be coming up with result. 4. For the next 2 days, market may remain side ways to bearish. TRADING PLAN 1. Nifty open flat : Any rally to 19400 is a sell SL 19450. Tgt 19300. 2. Nifty Gap down : Wait for Nifty to break 19270 levels and then sell.SL 19350 levels. Tgt 19207. If nifty start consolidating @ 19270 -19300 levels, we can get a move upto 19350 levels. But Risk/reward may not be good. 3. Nifty gap open above 19400 : wait for Nifty to cross 19450. Tgt 19500. 4. Bank Nifty open Flat : Any rally to 45030 is a sell. Tgt 44830. 5. Bank Nifty gap down : If it gap down below 44800 wait for a pull back and see whether it defends 44800. If it reverses from 44800 and break the low of the day, go aggressively short for a tgt of 44700 - 44550 levels. 2. Bank Nifty open flat : Any rally to 45030 will be a sell for a tgt of 44800 and below. 3. Bank Nifty gap open above 45030: Wait for a move above 44150 decisively and then it is a buy with less conviction. stay light. If it cross 45320, then we can aggressively go long. 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.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 OCT 202428 OCT 2024 WORLD MARKETS 1. US Markets are mixed. Asia is consolidating with a negative bias. Europe is consolidating with a negative bias. INDIA VIX 1. INDIA VIX is very high nearing 15. 14.6 is a good resistance. 2. GIFT Nifty is indicating a down tick of 61 points at 24120 levels. This amounts to 50500 for Bank Nifty. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating with a positive bias. 1730 is a good support. 2. ICICI Bank is range bound between 1270 - 1230 levels. 3. Reliance is bearish with a target of 2550 levels. However it has support at 2630 at 200 SMA. TRADING PLAN 1. NIFTY OPEN BETWEEN 24281 - 24080: Sell any rally to 24350. 2.NIFTY OPEN ABOVE 24350: Sell any rally to 24500. 3.BANK NIFTY OPEN BELOW 24080: Sell any rally to 24100. 4.BANK NIFTY OPEN BETWEEN 50500 -51150: Sell any rally to 51350. 5.BANK NIFTY OPEN ABOVE 50150: Sell any rally to 51350 and break below 51000 decisively. 6.BANK NIFTY OPEN BELOW 50500: Sell any rally to 50800 and fall below 50700. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY ❇️ Good trade setup in Nifty50. ❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red. ❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points. ❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point. ❇️ Stopploss should be slightly above previous closing. ❇️ Achievable targets are. 25155-25125-25025. ❇️use your trailing stopploss after seeing profits. 👉🏻 @thetradeforecast 🇮🇳
NSE:NIFTYShort
by thetradeforecast
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 APR 202419 APR 2024 WORLD MARKETS 1. World Markets are trading with a negative bias. 2. India VIX is above 13 which will fuel further downside. 3. GIFT Nifty is indicating 90 points down tick at 21900 and Bank Nifty at 46700. INDEX HEAVY WEIGHTS 1. HDFC Bank faced resistance at 1520. If 1487 is broken, then HDFC Bank will turn bearish. 2.ICICI Bank has turned bearish. It has resistance at 1060. 3. Reliance has support at 2915. Any break of 2915 will be bearish. ANALYSIS 1. Indices have been in down trend for the past 4 days. 2. Today there was an expectation of pull back. 3. Nifty tried to break out but was not supported by Bank Nifty. 4. Bank Nifty has turned bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22100 - 21900 : Sell Any rally to 22100. 2. NIFTY OPEN ABOVE 22100 : Sell Any rally to 22200 and break below 22100 decisively. 3. NIFTY OPEN BELOW 21900: Sell any rally to 22000. 4. BANK NIFTY OPEN BETWEEN 48300 - 46835: Sell any rally to 47430 and break below 47300. 5. BANK NIFTY OPEN ABOVE 47300 : Sell any rally to 47550 and break below 47300. 6.BANK NIFTY OPEN BELOW 46830: Sell any rally to 47000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 FEB 202426 FEB 2024 WORLD MARKETS 1. All the world markets are looking bullish. 2. US is bullish while Europe is consolidating with a bulllish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating bullishness and less fear. 2. GIFT Nifty is indicating 40 points uptick at 22260 levels. This amount to 46900 levels. 3. However GIFT nifty has not given true indication of market direction as witnessed on thursday and friday. INDEX HEAVY WEIGHTS. 1. HDFC Bank has lot of news flow because of which it has turned volatile. Again 1410 is a good support and any move above 1440 will be positive with a tgt of 1472. 2. ICICI Bank has strong support at 1510 Any break of which will be negative. It is bullish. 3. Reliance is bullish. ANALYSIS 1. Indices are consolidating with a bullish. Nifty is consolidating between 22000 - 22200 while Bank nifty is lagging but consolidating between 47000 - 46500. TRADING PLAN 1. NIFTY OPEN BETWEEN 22180 -22250 : Buy any consoldation and break above 22250. 2. NIFTY OPEN ABOVE 22250 : Wait for a consolidation and break above 22310. 3.NIFTY OPEN BELOW 22180 : Wait for a consolidation and break below 22140. 4.BANK NIFTY OPEN BETWEEN 46750 - 46960 :NO TRADE. 5. BANK NIFTY OPEN ABOVE 46960 : Wait for a consolidation between 46950 - 47100 and buy any break out. 6.BANK NIFTY OPEN BELOW 46750: Wait for a consolidation and break below 46500 decisaively. However any rally to 46800 can be sold into for any weakness adding small lots. stoploss 46900. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 NOV 202315 Nov 2023 WORLD MARKETS 1. World markets are very bullish with US markets leading the pack. INDIA VIX AND GIFT. NIFTY 1. India VIX is steady at 11 and GIFT Nifty is indicating a 50 points uptick at 19720 levels. This amounts to 44350 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BAnk has broken out of 1503 levels. Now 1500 is a good sp for HDFC Bank. Next tgt is 1530. Bearish bets can only be taken below 1475. 2. ICICI Bank is still in a range of 930 - 950 levels. 3. Reliance has turned bullish and broken out of 2350 levels. ANALYSIS 1. NIfty and Bank Nifty has turned bullish. 2. The trading plan should be to buy on dips. buying futures will be more benificial than options. TRADING PLAN 1. NIFTY OPEN BETWEEN 19640 - 19700 :Buy any dip to 19600. 2.NIFTY OPEN ABOVE 19700 : Buy any dip to 19650 levels. 3. NIFTY OPEN BELOW 19640 : Wait for a break below 19600. 4.BANK NIFTY OPEN BETWEEN 44135 - 44270 : wait for a break above 44300. 5.BANK NIFTY OPEN ABOVE 44270 : Wait for a consolidation and break above 44300. 6.BANK NIFTY OPEN BELOW 44135 : Wait for a consolidation and break below 44000. DISCLAIMER I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADETAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
Pull back of Nifty.While US market rejoicing the recent dovish comment form Fed chairman Mr Powel,Indian market should not be left behind.Our market is nicelly pulling up from oversold condition. Nifty is likely to retest the channel line which is at 19476. There after it may take the form of complex structure. It seems the ongoing C wave is not completed yet. Gift nifty is now trading above 19300. So there should be another gap up tomorrow. If this post helps you do like this post, Follow me to get updates.
NSE:NIFTYLong
by bijoy2526
4