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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 06 JUN 2202406 JUN 2024 WORLD MARKETS 1. World Markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. As explained the India VIX crashed 27% at 18.8 which is below 20. This is a comfortable VIX to trade. 2. However the VIX may stay at elevated levels till 08 Jun 2024. 2. GIFT Nifty is indicating 137 points uptick at 22639. INDEX HEAVY WEIGHTS 1. NIFTY OPEN BETWEEN 22365 - 22877: Buy any dip and move above 22500. 2. NIFTY OPEN ABOVE 22877 : Buy any dip 22650. 3.NIFTY OPEN BELOW 22365: Sell any rally to 22500. 4.BANK NIFTY OPEN BETWEEN 49850 - 48250: Buy any dip to 48400. 5. BANK NIFTY OPEN ABOVE 49850 : Buy any consolidation and break above 49900. 6.BANK NIFTY OPEN BELOW 48250 : Sell any rally to 48500 and break below 48250 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 05 JUN 202404 Jun 2024 WORLD MARKETS 1. World Markets are looking negative. INDIA VIX AND GIFT NIFTY 1. India VIX is at 27. Since the election is over, we may see drastic reduction in VIX in the next week. 2. GIFT Nifty is flat. INDEX HEAVY WEIGHTS. 1. It is difficult to give levels. However HDFC Bank has near term resistance at 1520 and support at 1465. 2. ICICI Bank has resistance at 1095 and support at 1055. TRADING PLAN 1.NIFTY OPEN BETWEEN 21365 - 22420 : Sell any rally to 22420. NIFTY OPEN ABOVE 22420 : Wait for a consolidation and break above 22500. NIFTY OPEN BELOW 21365: Wait for a consolidation and break below 21500. BANK NIFTY OPEN BETWEEN 48180 - 45678 : Sell any rally to 48200. BANK NIFTY OPEN ABOVE 48200 : Buy any consolidation and break above 48200. BANK NIFTY OPEN BELOW 45635. : Sell any rally to 46200. 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
nifty bankniftynifty support zone _trendline _23000 resistance zone_23600_23759 banknifty support zone _trendline _50400 resistance zone _51600_52000 The GIFT Nifty is indicating a positive opening for the day. The benchmark Sensex and Nifty indices are expected to trade higher on June 4, following GIFT Nifty trends indicating a gain of 110.5 points (0.47 percent) for the broader index. Indian equity markets surged more than 3 percent on June 3, clocking the biggest single-day gain in three years, as Dalal Street cheered the outcome of most of the exit poll, predicting a significant win for the BJP-led NDA for the third time in a row. At close, the Sensex was up 2,507.47 points or 3.39 percent at 76,468.78, and the Nifty was up 733.20 points or 3.25 percent at 23,263.90. Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today. Now you're all set for the market day! Happy trading!
NSE:BANKNIFTY
by EarnPick
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 31 MAY 2024.31 May 2024 WORLD MARKETS 1. DJI has turned bearish while S&P and NASDAQ has turned negative. Europe is mixed and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 24 indicating very high option premiums. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating with a bullish bias between 1500 - 1550. 1530 is a strong resistance. 2. ICICI Bank has taken support at 50 SMA. It has resistance at 1120. 1110 remains a good support. 3.Reliance has support at 2920. TRADING PLAN 1. NIFTY OPEN BETWEEN 22410 - 22566: NO TRADE. However any weakness at 22566 and break below 22500 can be sold into. 2.NIFTY OPEN ABOVE 22566: Accumulate any dip to 22500 and move above 22560. Target 22650. 3.NIFTY OPEN BELOW 22410 :Sell any rally to 22450 and break below 22410. 4.BANK NIFTY OPEN BETWEEN 48880 - 48650: NO TRADE. 5. BANK NIFTY OPEN ABOVE 48880 : Accumulate in small qty any dip to 48700 and buy any decisive move above 49100 6.BANK NIFTY OPEN BELOW 48650: Sell any decisive break below 48450. Target 48100. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 30 MAY 202430 May 2024 WORLD MARKETS 1. All the world markets are correcting and awaiting the fed announcements. INDIA VIX AND GIFT NIFTY 1. India VIX is stable at 24 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bearish. 1510 is a strong resistance. 2. ICICI Bank has turned bearish. 1115 is strong resistance and 1083 is the next support. 3. Reliance has support at 2875. Any break of this will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22760 - 22650 : Sell any rally to 22800 and break below 22750. 2. NIFTY OPEN ABOVE 22750 : Wait for a consolidation and break below 22700. However long call can be taken only above 23050. 3. NIFTY OPEN BELOW 22650 : Sell any break below to 22550. 4. BANK NIFTY OPEN BETWEEN 48670 - 48330 : Sell any rally to 48700. 5. BANK NIFTY OPEN ABOVE 48670 : Wait for a consolidation and break above the range. 6. BANK NIFTY OPEN BELOW 48327: Sell any rally to 48500. 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 29 MAY 202429 May 2024 WORLD MARKETS 1. US is mixed and Europe is neutral to bearish and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 24 indicating high option premiums and high volatility. 2. GIFT Nifty is indicating a flat opening. 3. Today Fin Nifty expiry was muted. We can expect the same for Bank Nifty and Nifty also. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating between 1520 - 1550. It has closed at 200 SMA. It has resistance at 1530 and support at 1520. 2. ICICIBank is consolidating with a negative bias. 3. Reliance has support at 2900 and resistance at 2935. TRADING PLAN 1. NIFTY OPEN BETWEEN 22926 - 22850 : NO TRADE. Any weakness at 23000 and break below 22900 is a sell. 2. NIFTY OPEN ABOVE 22926 : Wait for a consolidation and break above 23050. 3. NIFTY OPEN BELOW 22850 : Sell any rally to 22900. 4. BANK NIFTY OPEN BETWEEN 49275 - 49000 : No Trade. 5.BANK NIFTY OPEN ABOVE 49275: Any consolidation and break above 49400 is a buy. Tgt 49650. 6. BANK NIFTY OPEN BELOW 49000: Sell any consolidation between 49000 - 48880 and break below 48850. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 MAY 2024.28 May 2024 WORLD MARKETS 1. All the world markets are looking bullish. But most of them are over sold and are consolidating. INDIA VIX AND GIFT NIFTY 1. India VIX is up 6 % at 23 . The is showing in the high volatility we had today. This may continue till 05 Jun 2024. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has made an inverted Hammer indicating exhaustion. However it has support at 1530. Any move above 1530 is bullish. 2. ICICI Bank has support at 1125. It is looking bullish. 3. Reliance has pulled back to 2930. It is a good support. TRADING PLAN 1. NIFTY OPEN BETWEEN 22997 AND 22867 : Any rally to 23000 is a sell. However if there is a consolidation between 23000 and 23100 and break above 23100, it is a buy. 2. NIFTY OPEN BELOW 22865: Sell any rally to 23000. 3. NIFTY OPEN ABOVE 22997: Wait for a consolidation and break above 23100 to buy. 4.BANK NIFTY OPEN BETWEEN 49460 - 49100 : NO TRADE. However any consolidation between 49100 - 49350 and break above 49350 is a buy. 5. BANK NIFTY OPEN ABOVE 49450: wait for consolidation and break above 49500. 6. BANK NIFTY OPEN BELOW 49100 : Any consolidation between 49250 - 49050 and break below 49000 is a sell.Tgt 48800. 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
nifty bankniftynifty Support Zone 22441-22401 Resistance Zone 22710-22766 Banknifty Support Zone 47389-47313 Resistance Zone 48258-48424 Market Today The benchmark Sensex and Nifty indices are expected to open flat with negative bias on May 23, following GIFT Nifty trends indicating a loss of just 33 points for the broader index. On May 22, the Indian benchmark indices ended on a positive note on May 22 with Nifty reclaiming 22,600 in a volatile session ahead of the release of the Fed's latest meeting minutes. At close, the Sensex was up 267.75 points or 0.36 percent at 74,221.06, while the Nifty was up 68.80 points or 0.31 percent at 22,597.80. Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today. GIFT Nifty (Negative) The GIFT Nifty is trading 33 points lower compared to the Nifty 50 close on May 22, indicating a negative start for the day. Nifty futures were trading at 22,661 at 07:15 AM IST. The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Gold prices were trading flat, while Silver prices were down nearly 1 percent in the early trade. Now you're all set for the market day! Happy trading!
NSE:NIFTY
by EarnPick
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 MAY 202420 MAY 2024 WORLD MARKETS 1. US and Europe markets are very bullish. Asia is mixed. GIFT NIFTY AND INDIA VIX 1. GIFT Nifty is indicating a positive start. 2. India VIX is above 20 indicating continuation of volatility. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1466 indicating more bullishness. It has good support at 1460. However 1468 remains a strong resistance. 2. ICICI Bank has also turned bullish after closing above 1130 level. 1134 remain a strong resistance. 3. Reliance on the other hand has good resistance at 2876. Any break of this may turn nifty bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 22485 AND 22514 : No Trade. 2. NIFTY OPEN ABOVE 22520: Wait for a consolidation and break above 22530. 3. NIFTY OPEN BELOW 22485: Wait for a break below 22450 to go short. 4. BANK NIFTTY OPEN BETWEEN 48165 - 48232 : No trade. 5.BANK NIFTY OPEN ABOVE 48232 : Wait for a consolidation and break above 48265. 6.BANK NIFTY OPEN BELOW 48165: Wait for a break below 48080. However any rally to 48200 can be sold into . 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 MAY 202415 MAY 2024 WORLD MARKETS 1. World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 20 indicating bearishness. However Market is looking bullish inspite of high VIX. The RSI is indicating over bought levels. So we may see some pull back to 15. This means some upside may happen tomorrow. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance at 1465. So if HDFC Bank bank open above 1465, then we can see 1490. 2. ICICI Bank on the other hand has resistance at 1123. It may remain volatile tomorrow. Any open above 1123 will be bullish. 3. Reliance has resistance at 2875. It is 20 SMA. TRADING PLAN 1. NIFTY OPEN BETWEEN 22150 - 22270: Any dip to 22100 will be a buy. 2. NIFTY OPEN ABOVE 22270 : Wait for a consolidation and buy any dip. 3.NIFTY OPEN BELOW 22165: Wait for a consolidation and break above 22200 for going long. 4.BANK NIFTY OPEN BETWEEN 47750 - 47950: Accumulate any dip to 47600. SL 47500. 5.BANK NIFTY OPEN ABOVE 47950 : Wait for a consolidation between 47800 - 48000 and accumulate any dips to 47800. BANK NIFTY OPEN BELOW 47750 : Buy any consolidation and break above 47800. However any dip to 47500 can be accumulated in small quantity. 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 09 MAY 202409 May 2024 WORLD MARKETS 1. US markets are trading with a positive bias. 2. Europe and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is stable but high at 17. So volatility shall continue. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank gapped down and broke the crucial support at 1490. The next support is at 1465 and 1490 will be a strong resistance. 2. ICICI Bank has taken support at 1122. If it is broken tomorrow, then we can expect 1115 and below and head towards next support zone of 1090. 3. Reliance has pulled back. 2827 remain a good support. But if it broken tomorrow, we may see 2780 again. TRADING PLAN 1. NIFTY OPEN BETWEEN 22250 - 22350 : NO TRADE. 2. NIFTY OPEN ABOVE 22350: Wait for a consolidation and break above 22400. Tgt 22550. 3.NIFTY OPEN BELOW 22250 : Sell any rally to 22300 in small qty. However aggressive selling can be done below 22180 for a target for 22050 levels. 4. BANK NIFTY OPEN BETWEEN 47900 - 48120 : No trade. 5.BANK NIFTY OPEN ABOVE 48120 : Wait for a consolidation and break above 48300 decisively. 6. BANK NIFTY OPEN BELOW 47920 : Wait for a consolidation and break below 47800. Target 47500. However any rally to 48120, short can be accumulated in small quantities. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 MAY 202407 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating high volatility. This is due to nearing of Loksabha elections and results. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias.1515 remains a strong support and 1535 a strong resistance. 2. ICICI Bank is consolidating with a negative bias for short term. 1160 remain a strong resistance and 1140 remain a good support. 3. Reliance is very bearish. 2825 remain a strong support. Any break of this will be very bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22400 - 22490 : NO trade. However any consolidation and break above 22540 is a buy. 2.NIFTY OPEN ABOVE 22490: Any consolidation and break above 22540 is a buy. 3.NIFTY OPEN BELOW 22400 : Any consolidation and break below 22375 is a sell. Tgt 22250. 4.BANK NIFTY OPEN BETWEEN 48750 - 49020 : No trade. 5.BANK NIFTY OPEN ABOVE 49020: Any consolidation and break above 49200 is a buy. 6.BANK NIFTY OPEN BELOW 48760 : Sell any rally to 49990. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFRY FOR 06 MAY 202406 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. US markets are up 1- 1.5%. 2. Asia and Europe are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 and hence at elevated levels. 2. GIFT Nifty is indicating 112 points uptick @22600 for Nifty and Bank Nifty is indicating gap up to 49200. INDEX HEAVY WEIGHTYS 1. HDFC Bank is consolidating in a range 1498 - 1535 levels. 1500 remain a strong support and 1535 strong resistance. 2. ICICI Bank is consolidating with a little higher volatility. 1122 remain a strong support. Any break of it will be bearish. 3. Reliance has support at 2830 levels. It is looking bearish. TRADING PLAN: NIFTY OPEN BETWEEN 22350 - 22600: Any rise to 22600 and break below 22500 will be a sell. 4. NIFTY TRADE ABOVE 22600: Any consolidation between 22500 - 22600 and break above is a buy and break below 22500 is a sell. 3. NIFTY OPEN BELOW 22350: Any rally to 22500 is a sell. 4.BANK NIFTY OPEN BETWEEN 49200 - 48660: Any rally to 49200 and break below 48950 is a sell. 5.BANK NIFTY OPEN ABOVE 49200 : Sell any weakness and break below 49000. however CONSOLIDATION AND BREAK ABOVE 49200 is a buy. 6.BANK NIFTY OPEN BELOW 48650: Sell any rally to 4890. 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 APR 202426 apr 2024 WORLD MARKETS 1. World markets are looking positive. INDIA VIX AND GIFT NIFTY 1.India VIX is below 11 indicating more bullishness. 2. GIFT Nifty is indicating a gap down of 112 points. Surprising. Back below 22500 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is still consolidating with a narrow range of 1500 - 1515. We may see more consolidation with negative bias. 2. ICICI Bank is looking bullish as it has closed above 1100. we may see consolidation tomorrow. 3. Reliance as explained took support at 2387 levels and bounced back post lunch. ANALYSIS 1. KOTAK Bank news made all the difference today. Loss to Kotak bank business is gain to Axis, SBI and ICICI which were up almost 5 - 6 %. If this euphoria bursts tomorrow, we may see a neutral to negative day, not bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22657 - 22481 : Buy any dip 22500. 2.BANK NIFTY OPEN ABOVE 22657 : Wait for a dip to 22500. 3. NIFTY OPEN BELOW 22481: Buy any move above 22500. 4. BANK NIFTY OPEN BETWEEN 48250 - 48740: Buy any dip to 48400 - 48300 levels. 5.BANK NIFTY OPEN ABOVE 48750 : Wait for a dip to 48500. 6. BANK NIFTY OPEN BELOW 48240: Sell break below 47900. Buy any consolidation and move above 48300. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 APR 202425 APR 2024 WORLD MARKETS 1. US Markets have made a pull back. Asia and Europe has tuned slightly bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 11 indicating very little volatility. This is the reason we are seeing a very narrow range market. This may continue for few days. Very good to sell straddle or strangle . 2. GIFT Nifty is indicating a flat to negative opening at 35 points. INDEX HEAVY WEIGHTS 1. HDFC Bank today moved in a range of 10 points. This a veery narrow range. It has made an inside candle at the top of previous day candle. 1521 remains a strong resistance and 1500 remains a strong support. 2. ICICI Bank has taken support at 1090. 1100 is the next tgt. 3. Reliance has turned negative. It has resistance at 2917. Next support is at 2860. ANALYSIS 1. Nifty seems to be pulled down by Reliance. Hence we may not see any move above 22500 any time soon. It may consolidate between 22400 -22500. 2. Bank Nifty on the other hand is looking bullish. It has sustained above 48100. Now any trending move can only come above 48300 which may be having lot of shorts accumulated. 3. However any dip can be accumulated. TRADING PLAN 1. NIFTY OPEN BETWEEN 22376 -22427. NO TRADE. 2.NIFTY OPEN ABOVE 22430: Wait for a consolidation and break above 22460 decisively. However can accumulate at lower levels. Any weakness at 22450, exit all long. 3.NIFTY OPEN BELOW 22375: Any rally to 22420 can be sold into. 4. BANK NIFTY OPEN BETWEEN 48250 - 48120: Buy any dip to 48100 stop loss 48050. 5.BANK NIFTY OPEN ABOVE 48250: Wait for a consolidation between 48200-48300: Accumulate at lower levels. Trending move can only be seen above 48300 decisively. 6.BANK NIFTY OPEN BELOW 48120 : Wait for a consolidation and break below 48930 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 APR 202424 APR 2024 WORLD MARKETS 1. US markets are looking bearish. Europe has pulled back while Asia is neutral to bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX crashed 20 % and is at 10 levels which is again the support. If VIX starts increasing now, we may see some downside. However if VIX stay at 11, then we may see further bullishness. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating between 1490 - 1524 with a negative bias. 1490 is a good sp. 2. ICICI Bank even though opened at the high of the day but closed near to 1090. It agin has good sp at 1076. 3. Reliance as discussed came in for profit booking post result. It again has support at 2910 levels. 4. Also most of the stocks may be reacting to the monthly expiry week also. ANALYSIS 1. Nifty opened at the high of the day but closed in red. But it is above 22350. 2. Bank Nifty again opened at the high of the day but closed in red at 47970. 3. 22400 and 48000 seems to be very good resistance. 22100 and 47300 will be a good support. 4. Option sellers have been making profits for the past 2 days. TRADING PLAN 1. NIFTY OPEN BETWEEN 22340 - 22400 :NO TRADE. Wait for a break out above 22422 levels. 2. NIFTY OPEN ABOVE 22422: Wait for a consolidation between 22350 - 22430 and break above 22430. 3.NIFTY OPEN BELOW 22340. Wait for a consolidation and break above 22350 to buy. However if the Nifty show weakness, sell any break of 22300. High risk trade. 4. BANK NIFTY OPEN BETWEEN 47850 - 48100 : NOTRADE. 5.BANK NIFTY OPEN ABOVE 48100 : Wait for a consolidation between 48000 - 48100. Buy any break out above 48150. 6.BANK NIFTY OPEN BELOW 47850: Wait for any consolidation and break below 47750 decisively. Tgt 47400. Also any rally to 48000 can be sold into in small qty repeateadly. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 18 APR 202418 APR 2024 WORLD MARKETS 1. US and Europe has turned bearish and Asia is also looking bearish. 2. This may be due to escalating tension between Israel and Iran. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 at 12.6. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank took support at 21 SMA and it has resistance at 1523. However the volumes were not good. 2. ICICI Bank has closed below 1075. So 1075 will be a very strong resistance. 1060 is a good support. 3. Reliance is choppy and is sell on rally. Resistance can be seen at 2950. ANALYSIS 1. World Indices have turned bearish. This will definitely going to affect Indian Markets as Index heavy weights are showing weakness. Also Tomorrow is Nifty Expiry. 2. Bank Nifty has taken support at 200 SMA in 1 hr chart. If this sustain, we may see a move to 47940 levels. In that case Nifty may move towards 22200 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 22186 - 22100 : Sell any weakness below 22150. SL 22200. Look for weakness in Bank Nifty also. 2. NIFTY OPEN ABOVE 22186 : Wait for a consolidation and break above 22200. Target 22280. 3.NIFTY OPEN BELOW 22100: Sell any rally to 22150. 4. BANK NIFTY OPEN BETWEEN 47561 - 47400 : NO TRADE. 5. BANK NIFTY OPEN ABOVE 47570: Wait for a consolidation and break out above 47700. target 47940. 6. BANK NIFTY OPEN BELOW 47400 : Wait for a consolidation and break below 47300 decisively. However accumulate shorts in small quantity for every rise to 47500 - 47550 levels. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 APR 202415 Apr 2024 WORLD MARKETS 1. World markets are looking bearish. May be reverting to mean. 2. The Iran - Israel conflict escalation may be one of the reasons. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is at 11.5 which is a 4 % increase than the previous day. 2. GIFT Nifty is indicating 135 points down tick at 22300 levels. This amounts to 48200 levels for bank. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned negative. It has closed below 1520. This is going to be a resistance for the short term. 1490 seems to be the next support. 2. ICICI Bank has good support at 1090 and 1100 will be a good resistance. ICICI Bank can get trending if it break these levels. So 1100 is a sell and 1090 - 1085 is a buy. 3. Reliance has good support at 2915. If it breaks this, then reliance may turn bearish.target 2858. ANALYSIS 1. World Markets have turned negative They have been affected by Iran - Israel conflict. 2. Indices also have turned negative. 3. If the Indices gap down as per GIFT Nifty, we may see a range bound market. 4. Index Heavy weights are at crucial support levels. We have to see whether they sustain above the support or if they break down. TRADING PLAN 1. NIFTY OPEN BETWEEN 22600 - 22480 : Sell any rally to 22680. 2. NIFTY OPEN ABOVE 22600 : Sell Any weakness at 22750 -22800 levels. 3. NIFTY OPEN BELOW 22480 : Sell any rally to 22550 levels. 4. BANK NIFTY OPEN BETWEEN 48675 - 48450 : Sell any rally to 48800 levels. 5.BANK NIFTY OPEN ABOVE 48675: Buy any consolidation and break above 48930 levels. Any weakness at 48900 can be sold into. 6. BANK NIFTY OPEN BELOW 48450 : Sell any rally to 48700 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:BANKNIFTYShort
by sam20051968
4
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 10 APR 202410 APR 2024 WORLD MARKETS 1.US Markets are consolidating with a bearish bias. 2. Europe is consolidating with a bullish bias and Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is well below 12 indicating further bullishness. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFCBank is facing resistance at 200 SMA as explained yesterday. However it is just a matter of time it will break out of the range. Any break of 1534 will be bearish for short term. 2. ICICI Bank has turned bullish and has broken above 1090 and 1100 is a resistance. 3. Reliance lost all its gains of yesterday. It has turned choppy. May be an index management as Infosys was up 2.5% in the morning session before settling at 1.23 % ANALYSIS 1. Tomorrow will be both Nifty and Bank Nifty expiry. We may see lot of volatility. 11 APR IS A HOLIDAY. 2. I will expect a range bound market tomorrow. However any dip will be a buy. 3. For Nifty to trend up , Reliance, HDFC bank or ICICI Bank has to perform. For Bank Nifty to perform HDFC & ICICI has to perform. TRADING PLAN 1. NIFTY OPEN BETWEEN 22687 - 22600 : STRICTLY NO TRADE. 2. NIFTY OPEN ABOVE 22700 : Wait for a consolidation and decisive break above 22730. however any dip to 22650 and move above 22670 can be accumulated. 3. NIFTY OPEN BELOW 22600 : Sell any consolidation and break below 22550 decisively. 4.BANK NIFTY OPEN BETWEEN 48625 -48840 : Accumulate any dip to 48650 levels. Sell any rally to 48900 levels. 5.BANK NIFTY OPEN ABOVE 48840 : Wait for a consolidation and break above 48900. 6. BANK NIFTY OPEN BELOW 48625 : Sell any consolidation and break below 48500 decisively. However any rally to 48700 can be sold into. 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
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 APR 202404 Apr 2024 WORLD MARKETS 1. World Markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 and is challenging 11. We may see more downside. 2. GIFT Nifty is indicating a 72 points uptick at 22500 level. INDEX HEAVY WEIGHT. 1. HDFC Bank is trying to break out of 1487. It has failed twice. So 1487 is a strong resistance. 2. ICICI Bank is taking support repeatedly at 1070. SO it remains a strong support. 1085 remains a strong resistance. 3. Reliance has turned negative. 2920 remains a strong support. 2970 remains a strong Resistance. TRADING PLAN NIFTY OPEN BETWEEN 22440 - 22490 : Sell any rally to 22520 and any reversal pattern. Buy any dip to 22330 and any reversal pattern. Keep strict stop loss. 2.NIFTY OPEN ABOVE 22490: Wait for a consolidation and break above 22550. However any dip to 22400 is a buy. 3. NIFTY OPEN BELOW 22335 : Sell any rally to 22400 and break below 22300. No trade on short if 22300 is not broken. 4.BANK NIFTY OPEN BETWEEN 47500 - 47700: Sell any Rally to 47700. However check that HDFC Bank or ICICI Bank is bearish. 5.BANK NIFTY OPEN ABOVE 47740 : Wait for a consolidation and buy any break above 47800 only. 6.BANK NIFTY OPEN BELOW 47500 : Sell any rally to 47700. 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 02 APR 202402 APR 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1.India VIX is at 12 indicating more bullishness. 3. GIFT nifty is indicating 90 points down tick at 22372. INDEX HEAVY WEIGHTS HDFC BANK has closed above crucial 1470 level and is looking bullish. 2. ICICI Bank is also bullish but is struggling to break 1100. 3. Reliance is consolidating with a bullish bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 22433 - 22491: NO TRADE.However any dip 22400 and break above 22440 is a buy. SL 22400. 2.NIFTY OPEN ABOVE 22490: Wait for a break out above 22530 decisively. wait for a consolidation. 3.NIFTY OPEN BELOW 22430 : Wait for a consolidation and break above 22440. 4.BANK NIFTY OPEN BETWEEN 47500 - 47650 : Any dip to 47400 and move above 47500 is a buy. 5.BANK NIFTY OPEN ABOVE 47650 : Wait for a consolidation and buy every dip to 47550 - 47600. 6.BANK NIFTY OPEN BELOW 47500 : Wait for a break below 47350 decisively. However if Bank nifty consolidate and break above 47500, it is a 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 28 MARCH 202427 MARCH 2024 WORLD MARKETS 1. All the World markets are looking bullish. europe is extremely bullish. while US is consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY AND FII ACTIVITY 1. India VIX is above 12.5 and steady. 2. GIFT Nifty is indicating a flat opening. 3. Today both FII and DII were net buyers. INDEX HEAVY WEIGHTS 1.HDFC Bank has reclaimed 1435 and closed at 1438. It is looking bullish if it crosses above 1440 decisively. 2. ICICI Bank as usual is range bound and is consolidating between 1070 - 1091. 2. Reliance has shot up 3.56 % and is looking bullish. 3012 seems to be strong resistance. ANALYSIS 1. Reliance lifted Nifty and is responsible for Nifty closing above 22100. This is a positive. 2. However Bank Nifty is still below 46800. 3. Since HDFC Bank is looking Bullish, we may see some traction in Bank Nifty and Nifty tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 22080 - 22173: Buy any dip to 22100. 2. NIFTY OPEN ABOVE 22173: Wait for a dip and consolidation. Buy any break out of 22200. Any dip can be accumulated. 3.NIFTY OPEN BELOW 22080: Wait for a consolidation between 22050 -22100 and buy above 22100. 4.BANK NIFTY OPEN BETWEEN 46870 - 46700 : no trade. However any dip to 46700 is a buy. 5.BANK NIFTY OPEN ABOVE 46870 : Wait for a consolidation between 46700 - 46850 and break above 46850. 6.BANK NIFTY OPEN BELOW 46700 : Buy any consolidation and break above 46850. 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 27 MARCH 202426 MARCH 2024 WORLD MARKETS 1. All the world Markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is up 5% at 13. 2. GIFT Nifty is indicating a flat opening with a negative bias. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed below 1430 which was a crucial support. 1410 -1400 remains a strong support. A break of 1420 will give us 1400. 2. ICICI Bank has a crucial support at 1070. It has defended 1070. 3. Reliance is taking supprt at 2875- 2870. Any break of it will be negative. ANALYSIS 1. We are left with 2 trading days. So market may remain range bound till the end of march expiry. 2. with ICICI Bank consolidating with a bullish bias and hdfc bank with a negative bias, market may remain range bound. TRADING PLAN 1.NIFTY OPEN BETWEEN 22050 - 21950 : NO TRADE. 2.NIFTY OPEN ABOVE 22050: Wait for a consolidation between 22000 - 22100 and buy any break out. 3.NIFTY OPEN BELOW 21950 : Wait for a consolidation and break below 21900 decisively. 4. BANK NIFTY OPEN BETWEEN 46670 - 46520 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 46670 : Wait for a consolidation between 46700 - 46800 and any break above 46850 is a buy. 6. BANK NIFTY OPEN BELOW 46530 : Sell any rally to 46650. 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