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Expiry Special Banknifty analysis, Intraday levels 11 OCT 2023Good Morning Everyone, Yesterday was the awesome day for traders, Bank nifty surged 474 points, and formed a bullish candlestick with minor upper shadow on the daily scale. Previous day's low of 43800 may act as a support in coming sessions. with resistance at 44500-44700, a break of which same can take the index towards 45000. Global market looking good, american market has also closed in positive, GIFT nifty also indicating a positive opening. So chances are high we can see follow up buying in index. But guy's do not forget to book profits on higher range. We can see some pressure if market is opening on higher range. Important levels for Bank nifty:- Intraday support zone 44200 Intraday resistance zone 44700 Buy above 44484, if levels sustains at least for 15 mints. Targets we can see in upside 44551/44736 Keep stop loss at 44338 Sale above 44338, if levels sustains at least for 15 mints. Targets we can see in downside 44176/44069 Keep stop loss at 44484 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
2
RBI Policy Day, Market can volatile, Bank Nifty levels 6th OCT Good Morning Guy's Banknifty opened on gap up but witnessed consolidation for most of the day and closed at 44213, On the hourly chart, indicator showing positive divergence and crossover, which is bullish sign in Banknifty. We can expect Banknifty towards 44800/45000 in coming days. GIFT nifty also showing gap up opening, global market is looking good, we can see greenery in most of the major indices. And we have an even also today (RBI POLICY) so market will be highly volatile, so guy's trade carefully, and go with less qty. Important levels for Bank nifty:- Support zone 43800 Resistance zone 44600 Buy above 44385, if levels sustains at least for 15 mints Targets we can see in upside 44506/44655 Keep stop loss at 44139 Sale below 44139, if levels sustains at least for 15 mints. Targets we can see in downside 44022/43893 Keep stop loss at 44385 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 25 SEP 202325 SEP 2023 WORLD MARKETS 1. US and Europe is looking bearish while the Asian markets are consolidating with a bearish bias. INDEX HEAVY WEIGHTS AND INDIA VIX 1. India VIX is below 11. 2. GIFT Nifty is indiacating 60 points down tick at 19600 levels. This amounts to 44500 levels for Bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BAnk has gapped down 3 days in a row with daily cuts of 3 - 1.5%. It looks bearish. 1540 is a strong resistance. It can turn bullish only above 1551. It is looking over sold in 1 Hr time frame. 1520 is a strong sp area. 2. ICICI Bank has turned bearish. 955-957 is a strong resistance. It can turn bullish above 965. Any break below 945 will be bearish. 3. Reliance is in a down trend. 2350 is a good sp.Any break of it will get us 2306 levels. It is looking oversold in 1 hr time frame. 2371 is a strong resistancce. ANALYSIS 1. India VIX is below 11 but market is still falling. All Index heavy weights are bearish. There has been a broad based selling except in IT and PSU Banks. Nifty has strong sp between 19400 - 19500 levels. Similarly Bank Nifty has strong sp at 44500 levels. we may expect a pullback after the gap down. TRADING PLAN 1. NIFTY OPEN BETWEEN 19700 -19635: Any rally to 19750 is a sell. However any gap down to 19600 and consolidation and move 19640 will be a buying opportunity. RR will be less. 2. NIFTY OPEN ABOVE 19700 : Wait for a break out above 19750 decisively. 3.NIFTY OPEN BELOW 19635: Wait for the break below 19600 levels. 4.BANK NIFTY OPEN BETWEEN 44735 - 44500 : Any rally to 44750 - 44800 is a sell. 5.BANK NIFTY OPEN ABOVE 44735. Any break of 45000 is a buy. Any weakness at 45000 is a sell for a tgt of 44500. 6.BANK NIFTY OPEN BELOW 44500 :Any rally to 44550 - 44600 and break below 44490 is a sell for a tgt of 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. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABLITY FOR ANY TRADES TAKEN BY YOU.
NSE:BANKNIFTYShort
by sam20051968
NIFTY AND BANK NIFTY ANALYSISS FOR 22 AUG 202322 Aug 2023 WORLD MARKETS 1. All the world markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.96 indicating high volatility. 2. GIFTY Nifty is indicating a downtick of 46 points at 19350. This amounts to 43850 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank could not break 1593 level. Any break of 1596 is bullish. Any weakening below 1593 is bearish. 2. ICICI Bank could not break 960 levels. Any break of 949 will be bearish. Any rally to 958 will be a sell. Any gap up above 961 is bullish. 3. Reliance is looking bearish. Any rally to 2537 and break below 2531 is a sell. Any gap up above 2545 is a buy. ANALYSIS 1. World market is looking bearish. 2. Index heavy weights are looking bearish. 3. Nifty could not hold above 19400. Bank Nifty could not break 44070 decisively. TRADING PLAN 1.NIFTY OPEN BETWEEN 19357 - 19430: Any dip to 19350 -19322 and move above 19360 is a buy. 2. NIFTY OPEN ABOVE 19430: Any dip to 19400 is a buy. 3. NIFTY OPEN BELOW 19320 : Any rally to 19360 is a sell. 4. BANK NIFTY OPEN BETWEEN 44070 - 43930 : Any dip to 43930 is a buy. 5. BANK NIFTY OPEN ABOVE 40070 : Any dip to 44000 is a buy. However any break of 44150 will be a clear break out. 6. BANK NIFTY OPEN BELOW 43850: Any rally to 43930 will be a sell. Tgt 43750. I AM NOT A SEBI REGISTERED TRADER. THE INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 08 AUG 202308 AUG 2023 1. US markets are looking bearish. Europe is pulling back. 2. Asia is looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating less volatility and bullishness. 2. GIFTY Nifty is indicating 20 points uptick at 19600 fut and 19540 spot. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong support at 1645. Any break above 1660 is bullish for a tgt of 1671. 2. ICICI Bank has strong support at 970. resistance can be seen at 976 - 981. 3. Reliance has strong resistance at 2522. Any break of 2522 will be bullish. 2497 is a strong support. ANALYSIS 1. Nifty has made a H&S pattern. it need to break of the neck of H&S placed at 19575. 2. Bank Nifty is comparitively weak compared to nifty. TRADING PLAN 1. NIFTY OPEN FLAT: Any break of 19575 is bullish for a tgt of 19820. 2. NIFTY OPEN GAP UP: Any gap up above 19575 is bullish for a tgt of 19620 - 19680. 3. NIFTY OPEN GAP DOWN: Any gap down to 19460 and rebound above 19490 is positive. Any move below 19450 is bearish. 4. BANK NIFTY OPEN FLAT: Any move to 45100 and move below 44900 is bearish 5. BANK NIFTY OPEN GAP UP: Any open above 45100 and break of 45200 is bullish for a tgt of 45500. 6.BANK NIFTY OPEN GAP DOWN: Any break of 44500 is bearish for a tgt of 44275 - 44000. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATOINAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYLong
by sam20051968
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 JUL 202327 JUl 2023 WORLD MARKETS 1. US market is looking neutral to bullish. It is awaiting interest rate decision by fed chairman to night. If interest rate is raised by 25 bps, then US market may sell of and so nifty may also sell off. If status quo is maintained, then Indices may rally. 2. Asia and Europe is looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating bullishness. 2.GIFT Nifty is showing 48 points uptick now at 19810 spot. This amounts to 46115 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is not able to cross 1700 levels. It has good support at 1685 levels. 2. ICICI Bank is taking support at 990 levels but unable to cross 1000. Any break of 1000 will be bullish. 3. Reliance made a good come back . It has resistance at 2540 and support at 2508. Any break of 2540 will be bullish. ANALYSIS 1. Today's rally is a short covering rally or in anticipation of fed rate decision is to be seen. 2. Nifty crossed 19800 but settled below it. Similarly Bank nifty could break 46000 and has closed above it. 3. But what is required to be seen is whther these levels will sustain tomorrow because of a very big news awaiting. TRADING PLAN 1. NIFTY OPEN FLAT: Any dip to 19750 is a buy. Any move to 19800 and weakness is a sell for a tgt of 19740. NIFTY OPEN GAP UP: Any Move above 19840 is a buy for a tgt of 19890 levels. Any weakness below 19800 is a sell. 3.NIFTY GAP DOWN: Any gap down below 19710 is a sell for a tgt of 19670. 4.BANK NIFTY OPEN FLAT: Any dip to 45980 and move above 46050 is a buy. 5. BANK NIFTY OPEN GAP UP: Any gap up above 46100 and move above 46140 is a buy for a tgt of 46225 - 46355. 6.BANK NIFTY GAP DOWN: Any move below 45900 is a sell for a tgt of 45770. 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 18 JUL 202318 JUL 2023 WORLD MARKETS 1. US markets is looking bullish while the Asia and Europe is consolidating with a bullish bias. INDIA VIX AND GIFTY NIFTY 1. GIFT Nifty is indicating 20 points uptick at 19767 FUT and 19711 spot. This amounts to 45550 for bank nifty. 2.India VIX 11.3 indicating increase in volatility with increase in index indicating bullishness. RESULTS 1. ICICI PRU and ICICI Lombard which are constituents of Fin Nifty are declaring results tomorrow. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking very bullish after the results. It has strong support at 1665 - 1660. Any dip is a buying opportunity for a tgt of 1692. Any dip below 1652 will be bearish. 2. ICICI Bank has broken out of range 965. It has support at 960 - 965 for a tgt of 980. 3. Reliance has strong support at 2775 -2790. Tgt will be 2810. Any break of 2814 will be bullish. ANALYSIS 1. Nifty has broken out of 19700. It is looking very bullish. 2. Bank Nifty is also looking bullish after a breaking out of 45200 range. TRADING PLAN 1. NIFTY OPEN FLAT: Any dip to 19700 is a buying opportunity for a tgt of 19750. 2.NIFTY OPEN GAP UP: Any open above 19750 and sustain above it will give us a tgt of 19800-19880. 3. BANK NIFTY OPEN FLAT: Any dip to 45200 is a buying opportunity for a tgt of 45685. 4. BANK NIFTY OPEN GAP UP: Any open above 45700 and sustain above is a buy for a tgt of 45922. 5. I have no bearish idea. 6. After a Gap up today, in the morning session tomorrow, the market may remain subdued as 45500 and 19700 is a good resistance. We can see a move in the afternoon session. This is my view. 7. BUY ON DIP IS A GOOD STRATEGY. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATION PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. PLEASE TELL ME IF YOU WANT ANALYSIS FOR FIN NIFTY ALSO. REGARDS.
NSE:BANKNIFTYLong
by sam20051968
1
PRE MARKET ANALYSIS OF NIFTY FOR 14 NOV 202414 NOV 2024 WORLD MARKETS 1. US markets are consolidating. Asia and Europe is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.4 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1690 - 1700. Next support is at 1650. 2. ICICI BANK has resistance at 1260. Next support is at 1230. 3. Reliance has strong support at 1230 levels. TRADING PLAN. 1. NIFTY OPEN BETWEEN 23660 - 23460: Sell any rally to 23750 and break below 23660. Tgt 23450. 2. NIFTY OPEN ABOVE 23660: Wait for a consolidation between 23750 - 23660 and break below 23650 decisively. 3.NIFTY OPEN BELOW 24450: Sell any rally to 23650 levels. 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
PRE MARKET ANALYSIS OF NIFTY FOR 13 NOV 202413 Nov 2024 WORLD MARKETS 1. US markets are looking bullish, while Asia and Europe is mixed with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating increase in volatility. 14.6 is a very good support meaning we may expect increase in volatility. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK has taken rejection at 1780. 1700 is a good support. 2. ICICI Bank has good support at 1250. 3. Reliance has resistance at 1280 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24000 - 23777: Sell any rally to 24100 and break below 24000. 2. NIFTY OPEN ABOVE 24000: Sell any really to 24155 and break below 24000 decisively. 3. NIFTY OPEN BELOW 23777: Sell any rally 23900. PLEASE NOTE : SINCE THERE WILL BE NO WEEKLY EXPIRY POST 13 NOV 2024 FOR BANK NIFTY, I WILL NOT BE ANALYSING THE SAME. INCASE AUDIENCE WANT ME TO ANALYSE, PLEASE PUT IN COMMENTS. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202405 NOV 2024 WORLD MARKETS 1.All the markets are consolidating with a positive bias. This is because of the presidential elections. 2. we may see more volatility till the election completes. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is extremely high. This indicate more bearishness to stay. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK has support at 1700.Any break of 1700 is bearish. 2. ICICI Bank has resistance at 1285. Support at 1270. 3. Reliance has support at 1285. Resistance at 3126. TRADING PLAN 1. NIFTY OPEN BETWEEN 24155 - 23858: No Trade. 2. NIFTY OPEN ABOVE 24155: Sell any rally to 24200. 3. NIFTY OPEN BELOW 23860: Sell any rally to 23900. 4. BANK NIFTY OPEN BETWEEN 51400 - 51050: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51400 : Sell any rally to 51500. 6. BANK NIFTY OPEN BELOW 51050: Sell any rally to 51300. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202404 NOV 2024 WORLD MARKETS 1. All the world Markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating high volatility. We may see more volatility in the next 2-3 sessions. 2. GIFT Nifty is indicating a flat opening at 24300 which is a crucial resistance area. Support is at 24200. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bullish. it has support at1720 levels. Next tgt can be 1750 levels. 2. ICICI Bank has support at 1275 levels. We may see a move to 1275 before turning bullish. However structure of ICICI Bank chart is bullish. 3. Reliance is still consolidating between 1350 - 1300 with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 24328 - 24280 : No Trade. 2. NIFTY OPEN ABOVE 24328 : Wait for a consolidation and break above 24400 decisively. 3. NIFTY OPEN BELOW 24255: wait for a consolidation and break below 24200 decisively. 4.BANK NIFTY OPEN BETWEEN 51775 - 51573 : No Trade. 5.BANK NIFTY OPEN ABOVE 51775: Wait for a consolidation and break above 52040 decisively. Aggressive trader can sell 51500 put for any dip to 51500 - 51600. 6.BANK NIFTY OPEN BELOW 51573: Sell 51800 call for any rally to 51800. 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:NIFTY
by sam20051968
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 31 OCT 2024.31 Oct 2024 WORLD MARKETS 1. US Markets are consolidating with a bullish bias. Europe is mixed. Asia is neutral. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating more bearishness. May be the fall must have been stopped due to Bank Nifty expiry. 2. We may see resumption of downtrend post this expiry. 3. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. 1714 is still a good support. 2. ICICI Bank has resistance at 1317. It has made an inside candle. Which indicates that upside is limited. 3. Reliance has resistance at 1350. Any breach of 1350 will be bullish. ANALYSIS 1. 24500 - 24200 still remain a good range. trending can only happen beyond this range. 2. Bank Nifty will be in the range 52200 - 51500. 3. We may see more consolidation tomorrow and trending move may happen post expiry TRADING PLAN 1. NIFTY OPEN BETWEEN 24392 - 24287 : No Trade. 2. NIFTY OPEN ABOVE 24392 : Wait for a consolidation and break above 24450 decisively. 3.BANK NIFTY OPEN BELOW 24287: Wait for a consolidation and break below 24200 decisively. 4. BANK NIFTY OPEN BETWEEN 51935 - 51678: No Trade. 5.BANK NIFTY OPEN ABOVE 51935: Wait for a consolidation and break above 52200 decisively. 6.BANK NIFTY OPEN BELOW 51678: sell any consolidation and break below 51500. 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:NIFTY
by sam20051968
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 OCT 202424Oct 2024 WORLD MARKETS 1. World Markets are pulling back. This may have some effect on the Indian Indices. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating more volatility to come. However volatility is good for option buyers if traded carefully. 2. GIFT Nifty is indicating a flat opening as of now. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned range bound between 1750 - 1680 levels with a bullish bias. 2. ICICI Bank is also consolidating between 1270-1230 levels. 3. Reliance is bearish and again closed below 2700. We can still expect a target of 2620 levels. ANALYSIS 1. Today was Bank Nifty expiry and it was in a tight range of 51300 - 51200 and has closed between this range. 2. Nifty was bearish but was supported by Bank Nifty and IT twins TCS and Infosys. TRADING PLAN 1. NIFTY OPEN BETWEEN 24500 - 24372: No Trade. 2. NIFTY OPEN ABOVE 24500: Wait for a consolidation and break above 24650 decisively. 3.NIFTY OPEN BELOW 24370: Sell any rally to 24500. 4.BANK NIFTY OPEN BETWEEN 51364 - 51115: NO Trade. 5.BANK NIFTY OPEN ABOVE 51361: Sell any rally to 51550. 6.BANK NIFTY OPEN BELOW 51100: Sell any rally to 51400. 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY ANAD BANK NIFTY FOR 23 OCT 202423 OCT 2024 WORLD MARKETS 1. All the world markets are pulling back to their mean reversion. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating extremely bearish. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHT 1. HDFC Bank has taken support 1714. Any break of 1710 is bearish for a target of 1680. 2. ICICI Bank is in a range and 1230 is a good support. 3. Reliance has resistance at 2700. Next Target is 2610 which is a good support. ANALYSIS 1. Indices are in a free fall. So any pull back to 21 SMA is a sell. 2. This is also being fuelled by world markets pulling back. TRADING PLAN 1. NIFTY OPEN BETWEEN 24600 - 24350 : Sell any rally to 24600. 2. NIFTY OPEN ABOVE 24600: Sell any rally to 24800 and break below 24700 decisively.. 3. NIFTY OPEN BELOW 24352: Sell any rally to 24500. 4. BANK NIFTY OPEN BETWEEN 51500 - 50960: Sell any rally to 51500. 5. BANK NIFTY OPEN ABOVE 51500: Sell any consolidation between 51700 - 51500 and decisive break below 51500. 6.BANK NIFTY OPEN BELOW 50950: Sell any rally to 51350. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 22 OCT 202422 Oct 2024 WORLD MARKETS 1. World Markets are making a pull back to 21 SMA. But the trend is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is again at 13.7 Indicating an increase in volatility. 2. GIFT Nifty is indicating a flat opening as of 2030 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank post result and some news about disinvestment IS UP 2.7 %. It has support at 1714. However any move below 1708 will be bearish as it may try to cover the gap at 1685. 2. ICICI Bank is bullish. It has good support at 1260. However any break of 1250 will again push it back to 1200 levels. 3. Reliance is indecisive as it took rejection at 2740 as discussed yesterday. we may see more consolidation between 2740 - 2710. before it make a move upside or downside. ANALYSIS 1. NIFTY is still bearish. It could not sustain 24970. 24700 is a good support. Any break of this will give us 24465 levels. 2. Bank Nifty has again closed below 52000. we need to see whether it will break 51800 decisively. Then we can see further downside to 51500. TRADING PLAN 1. NIFTY OPEN BETWEEN 24862 -24700: Sell any rally to 24975 and break below 24800. 2. NIFTY OPEN ABOVE 24862 : sell any consolidation between 24950 - 24800 and break below 24800 decisively. 3. NIFTY OPEN BELOW 24700: Sell rally to 24800 and break below 24750 decisively. 4. BANK NIFTY OPEN BETWEEN 51764 - 52157: Sell any rally 52157 and break below 51000 decisively. 5. BANK NIFTY OPEN ABOVE 52157: Wait for a consolidation and break above 52350 decisively. 6. BANK NIFTY OPEN BELOW 51760: Sell any rally to 52000. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 OCT 202421 Oct 2024 WORLD MARKETS 1. All the world Markets are trading bullish. INDIA VIX AND GIFT NIFTY 1. India VIX has come down by 2.5% and GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank in anticipation of good result has turned positive. It has resistance at 1686 -1700. It can turn bullish only above this. 2. ICICI Bank is rallying before its result on 25 Oct 2024 just Like HDFC Bank did. It has resistance at 1270. Any move above 1270 may turn Bank nifty bullish along with ICICI Bank. 3. Reliance is still very bearish. Yesterday it has made an indecision candle. As expected it pulled back from 2736 levels. ANALYSIS 1. Bank Nifty has closed decisively above 52000. So 52000 remain a good short term support. So It may trade between 52000 -52700 for a few trading session before making a decision to break out or breakdown. Any opening below 52000 will be considered as bearish. 2. Nifty is still bearish.24975 is a very strong resistance. It can turn bullish only above 25250 levels. Till that time it may remain choppy and trouble Nifty option traders. 3. Better to trade Bank Nifty Monthly option on positive side. Sell put options for any dip. 4. HDFC Bank may show positive move post result which may lift the market. TRADING PLAN 1. NIFTY OPEN BETWEEN 24886 - 24941: Sell put options for any dip to 24770 levels. Call Buying will not a good option as the Nifty can pick up momentum only above 25250 levels. 2.NIFTY OPEN ABOVE 24941: Wait for a consolidation between 24800 and 25050 and buy any break out. 3. NIFTY OPEN BELOW 24760: Sell any rally to 24800 and break below 24750 levels. 4.BANK NIFTY OPEN BETWEEN 51765 - 51479: Buy any dip to 51900 and move above 52095 5.BANK NIFTY OPEN ABOVE 52430: Sell any rally to 52600 levels. 6.BANK NIFTY OPEN BELOW 51760: Buy any consolidation and break above 52000. 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:NIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 OCT 202408 oct 2024 WORLD MARKETS 1. US is consolidating with a positive bias. 2. Europe is consolidating with a negative bias. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 15 indicating more bearishness. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank has closed below 1630 indicating break of crucial level. 1630 is a strong resistance. It has a tgt of 1560. However any opening above 1640 will be bullish. 2. ICICI Bank is reluctantly moving down. Any open below 1220 will be bearish with a tgt of 1183. 1220 is a good support. 3. Reliance has resistance at 2741. Next tgt at 2650. ANALYSIS 1. Tomorrow will be election result of Haryana and J&K. 2. Better to be very cautious. Wait for second half to trade. By that time results will be almost out. Even by 1000 Hrs, the trend will be out. TRADING PLAN 1. NIFTY OPEN BETWEEN 24670 - 24916: NO TRADE. 2. NIFTY OPEN ABOVE 24916: Sell any rally to 25000. Buy only above 25100. 3. NIFTY OPEN BELOW 24671: Sell any rally to 24800. 4.BANK NIFTY OPEN BETWEEN 50921 - 50040: NO TRADE. 5.BANK NIFTY OPEN ABOVE 50921: Wait for a consolidation and break below 50800 decisively. 6. BANK NIFTY OPEN BELOW 50000: Sell any rally to 50500. 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 04 OCT 202404OCT 2024 1. WORLD MARKETS 1. All the world markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bearish. It has a target of 1660. Resistance can be seen at 1690 levels. 2. ICICI Bank has fallen less compared to HDFC Bank. It has a target of 1228. 3. Reliance is extremely bearish. Next support is at 2721. ANALYSIS 1. Woman see consolidation with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 25362 - 25250: Sell any rally to 25400 levels and break below 25350. 2. NIFTY OPEN ABOVE 25360: Sell any rally to 25400 and break below 25350. 3.NIFTY OPEN BELOW 25250: Sell any rally to 25300 levels. 4.BANK NIFTY OPEN BETWEEN 52100 - 51600: Sell any rally to 52100 and break below 51000. Look for bearish pattern. BANK NIFTY OPEN ABOVE 52100: WAIT for a consolidation and break above 52350 decisively. 6.BANK NIFTY OPEN BELOW 51600: Sell any rally to 51800. 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 NOIFTY AND BANK NIFTY FOR 03 OCT 202403 Oct 2024 WORLD MARKETS 1. World Markets are looking very bullish. 2. However the Israeli conflict may have some implications on the market. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating a reduction in volatility. 2. GIFT Nifty is indicating a 229 points downtick at 25800. This amounts to 500 points downtick at 52300. INDEX HEAVY WEIGHTS 1. HDFC bank is taking support at 1714. Any break of 1714 will be bearish with a tgt of 1697. 2. ICICI Bank has resistance at 1280. Next support is at 1250. 3. Reliance has support at 2900.However it is very bearish. ANALYSIS 1. World Markets are looking on backfoot post Escalation in Israel conflict. THE SEBI DECISION TO INCREASE THE CONTRACT VALUE TO 15 - 20 LAKH may have some effect on the market. TRADING PLAN 1. NIFTY OPEN BETWEEN 25700 - 25850 : NO TRADE. 2. NIFTY OPEN ABOVE 25850: Sell any rally to 25900. 3. NIFTY OPEN BELOW 25750: Wait for a consolidation and wait for a direction in the market. 4.BANK NIFTY OPEN BETWEEN 53057 - 52800: NO TRADE. 5. BANK NIFTY OPEN ABOVE 53057: Wait for a consolidation and break above 53240. If break happen below 53000 , sell. 6.BANK NIFTY OPEN BELOW 52800: Wait for a consolidation and break below 52700 decisively. However if the open happen at 52200, wait for a consolidation and break below 52000 decisively. If market pull back immediately to 52500 -52700 levels, then sell . 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 27 SEP 202427 SEP 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 12 indicating bullishness. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank and ICICI Bank is extremely bullish. 2. Reliance is struggling to cross 3000. ANALYSIS 1. Markets was extremly bullish but highly volatile. 2. It took out both retail option buyers and sellers before rallying. TRADING PLAN 1. NIFTY OPEN BETWEEN 26146 - 26 289: Buy any dip to 26100. 2. NIFTY OPEN ABOVE 26290: Buy any dip to 26100. 3. NIFTY OPEN BELOW 26146: Wait for any consolidation and break above 26200 decisively. 4.BANK NIFTY OPEN BETWEEN 54500 - 54250: Buy any dip to 54200. 5.BANK NIFTY OPEN ABOVE 54500: Wait for a dip to 54300. 6. BANK NIFTY OPEN BELOW 54256: Wait for any consolidation and break above 54250 decisively. 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 23 SEP 202423 Sep 2024 WORLD MARKETS 1. World Markets are looking mixed with US Markets looking positive while Europe is down by 1.5 %. Asia is looking bullish. 2. Except Fed chair Powell speech and Israel war there are no negative triggers for the market. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating bullishness. 2. GIFT NIFTY is indicating a flat start which is good. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish. Its next tgt is 1795 which is its previous high. After it hits this tgt we may see some downside. 2. ICICI Bank is at all time high and is very bullish. No tgt can be set for ATH Stocks. 3. Reliance has resistance at 3000. Post 3000, it may turn bullish. TRADING PLAN 1.NIFTY OPEN BETWEEN 25790 - 25676: Buy any dip to 25650. 2. NIFTY OPEN ABOVE 25790: Sell any rally to 26000. 3. NIFTY OPEN BELOW 25676: Buy any consolidation and break above 25700. 4. BANK NIFTY OPEN 53512 - 54083: Buy any dip to 53600. 5. BANK NIFTY OPEN ABOVE 54083: Buy any dip to 53700. Alternatively Sell any weakness at 54000. 6. BANK NIIFTY OPEN BELOW 53502: Sell any consolidation between 53700 - 53500 and break below 53500. However if the break out happen above 53700, Buy. 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 16 SEP 202416 Sep 2024 SORRY FRIENDS I WAS ON A VACATION BIKE RIDE TO LEH FOR 15 DAYS. WORLD MARKETS 1. World Markets are consolidating with a bullish bias. In fact it is bullish. 2. FOMC Fed Interest rate decision will be on 18 Sep. The street is expecting a 25 bps rate cut which may turn market bullish. Till That time market may consolidate with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed to 12.5 indicating more bullishness in the market. 2. Gift Nifty is indicating a flat opening after a good rally. INDEX HEAVY WEIGHTS 1. HDFC Bank has broken above 1660 and has good support at 1660 levels. It has no immediate resistance. 2. ICICI Bank has strong resistance at 1252 levels. It may consolidate after a good run. 3. Reliance has resistance at 2960. It is trading with a negative bias. TRADING PLAN. BUY ON DIP WILL BE A GOOD STRATEGY TILL 18 SEP. 1.NIFTY OPEN BETWEEN 25393 - 25319: Buy any dip to 25250 levels. 2. NIFTY OPEN ABOVE 25393 : Sell 25500 call options for any rally to 25500 levels. 3. NIFTY OPEN BELOW 25314 : sell 25200 put options for any dip to 25200 and move above 25250 levels. 4. BANK NIFTY OPEN BETWEEN 52034 - 51841: Sell call option 52500 for any rally to 52100 levels. 5. BANK NIFTY OPEN ABOVE 52034: Sell 52000 call option if the bank nifty break below 51900. 6.BANK NIFTY OPEN BELOW 51830 : sell 51500 put option if bank nifty dip to 51600 levels. 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 29 AUG 202429 Jun 2024 WORLD MARKETS 1. World markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 14 but is up 2.35 % at 13.9. 2. GIFT nifty is indicating a 24 point down tick at 25000. INDEX HEAVY WEIGHTS 1. HDFC Bank is range between 1620 - 1650 levels. Any break of these level will give direction to Indices. 2. ICICI Bank is consolidating with a bullish bias. It has a tgt of 1235. 3. Reliance has support at 2980 and resistance at 3012. TRADING PLAN 1. NIFTY OPEN BETWEEN 25090 - 25000: No Trade. 2. NIFTY OPEN ABOVE 25090: Wait for a consolidation and break above 25100 decisively. 3.NIFTY OPEN BELOW 25000: Sell any rally to 25100. 4.BANK NIFTY OPEN BETWEEN 51080- 51206: No Trade. 5.BANK NIFTY OPEN ABOVE 51206: Wait for a consolidation between 51206- 51275 and break above 51275. 6.BANK NIFTY OPEN BELOW 51080 : Sell any rally to 51250. 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:BANKNIFTY
by sam20051968