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PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 13 DEC 202313 Dec 2023 WORLD MARKETS 1. US and Asian Markets are looking bullish and it has still some steam left. 2. Europe is looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12.5 indicating increased volatility. We may expect further down side in short term. 2. GIFT Nifty is indicating a flat openeing. INDEX HEAVY WEIGHTS 1. HDFC BAnk is looking bearish. It may pull back to 1600 levels in short term. 2. ICICI Bank is consolidating with a bullish bias. It is stopping the bank nifty from falling. 3. Reliance has pulled back. Next sp is at 2380 levels. 4. IT is looking Bullish. ANALYSIS 1. Indices are looking over stretched. Hence a consolidation is in order. Nifty may consolidate between 20500 - 21000 levels and bank nifty 46500 - 47500 levels. 2. So a pull back to 20500 in Nifty and to 46500 in Bank Nifty can happen. 3. It is more likely in Nifty since reliance and HDFC Bank are looking weak. TRADING PLAN 1. NIFTY OPEN BETWEEN 20950 - 20850 : Sell Any rally to 20950 levels. 2. NIFTY OPEN ABOVE 20950 : Wait for a break out above 21010 levels. 3. NIFTY OPEN BELOW 20850 : Wait for a consolidation and break below 20800. Tgt 20730. 4.BANK NIFTY OPEN BETWEEN 47225 - 46980 : Sell Any rally to 47250 levels. 5. BANK NIFTY OPEN ABOVE 47225 : Wait for a consolidation and break above 47350. 6. BANK NIFTY OPEN BELOW 46950 : Sell Any Rally to 47000. Or wait for a consolidation and break below 46850. Tgt 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:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 12 DEC 202312 Dec 2023 WORLD MARKETS 1. All the World Markets are looking bullish. However they are looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is at 12.7 indicating increase in volatility. We may see some volatility and a pull back before the market goes up. 2. GIFT Nifty is indicating a flat opening a 15 points down tick. INDEX HEAVY WEIGHTS 1. HDFC Bank is extremely over stretched and may consolidate with a negative bias. We may see a pull back to 1620 levels. 2. ICICI Bank however is bullish and has some steam still left. It is at all time high and hence tgt cannot be given. 3. Reliance is looking bullish. it is consolidating with a bullish bias. 4. IT is looking bullish. ANALYSIS 1. Indices are looking over stretched. It is expected to pull back in short term. 2. HDFC Bank is looking tired while ICICI Bank is looking bullish. This may keep the indices range bound. 3. Better to wait for a pull back before going long. TRADING PLAN 1.NIFTY OPEN BETWEEN 20971 - 21025 : No Trade. 2. NIFTY OPEN ABOVE 21025 : Wait for a consolidation and break above 21055. 3.NIFTY OPEN BELOW 20960 : Wait for a consolidation and break below 20940. 4.BANK NIFTY OPEN BETWEEN 47425 - 47200 : No Trade. 5. BANK NIFTY OPEN ABOVE 47425 : Wait for a consolidation and move above 47530. Any dip to 47350 and consolidation and break above 47430 can be bought. 6. BANK NIFTY OPEN BELOW 47200 : Sell Any consolidation and break below 47200. 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 FOR NIFTY AND BANK NIFTY FOR 11 DEC 202311 dec 2023 WORLD MARKETS 1. All the world markets are looking bullish except NIKKEI. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 12.5 any reducation in VIX will induce furher rally in the market. 2. GIFT Nifty is indicating a flat start. This due to last hour rally in Nifty and Bank Nifty on Friday. INDEX HEAVY WWEIGHTS 1. 1650 is a strong resistance for HDFC Bank. However if it crosses it it has a tgt of 1676. 2. ICICI BAnk is bullish and has sustained above all time high at 1011. It has further upside. 3. Reliance is consolidating at 2450 levels with a bullish bias. ANALYSIS 1. RBI has kept REPO rate unchanged. 2. World markets are bullish. Index heavy weights are all looking bullish. 3. Market is looking over bought. But market may remain over bought for long. 4. So view should be to buy on dips. TRADING PLAN 1. NIFTY OPEN BETWEEN 20945 -21008 :Buy any dip to 20945. 2. NIFTY OPEN ABOVE 21008. : Wait for a dip to 20975 and break above 21000 to buy. 3.NIFTY OPEN BELOW 90945 : Wait for a break below 20890. 4. BANK NIFTY OPEN BETWEEEN 47140 - 47400 :Buy any dip to 47100. 5. BANK NIFTY OPEN ABOVE 47400 : Buy any dip to 47200 levels. 6.BANK NIFTY OPEN BELOW 47119 : Wait for a break down below 46775. 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 FOR NIFTY AND BANK NIFTY FOR 08 DEC 202308 DEC 2023 WORLD MARKETS 1. World Markets are looking Bullish. There is still some steam left in the markets. Only NIKKEI has turned bearish. INDIA VIX AND GIFT NIFTY 1. India VIXis below 13 indicating reduction in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK IS ABOVE 200SMA and is surely bullish. But it is reaching over bought levels. 2. ICICI Bank is holding on to all time high levels of 1008. It may consolidate before an up move. 3. Reliance has turned bullish and holding on to 2450 levels. ANALYSIS 1. Today is the RBI Monetary policy metting. 2. RBI may keep the repo rate unchanged. But the commentary by the RBI will what drive the market. 3. Nfty is clearly looking over bought TRADING PLAN 1. NIFTY OPEN BETWEEN 20925- 20876 : No trade. 2. NIFTY OPEN ABOVE 20925 : Wait for a break out above 20950. 3. NIFTY OPEN BELOW 20875 : Wait for a break out below 20850. 4. BANK NIFTY OPEN BETWEEN 46955 - 46730 : No trade. 5.BANK NIFTY OPEN ABOVE 46965 : Wait for a break out above 47070. 6. BANK NIFTY OPEN BELOW 46730: Wait for a break down below 46600. 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 FOR NIFTY AND BANK NIFTY FOR 01 DED 202301 Dec 2023 WORLD MARKETS 1. US and Europe is consolidating with a bullish bias. However it looks over bought. Asia is looking strong and bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 indicating volatility increase. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1540 still remain a good sp, whereas the resistance is at 1573.We may see a good consolidation between 1540 - 1575. 2. ICICI Bank is the spoiler which is choppy and not letting Bank nifty the free run. It is stuck between 925 - 950. 933 remain a strong sp. 3. Reliance has good sp at 2365. Any move below 2365 will be bearish. However 2332 is a good sp. ANALYSIS 1. As expected, market remained in the range 20150 - 20050. Bank nifty has also remained between 43300 - 43600. 2. We may see this range for a few more days before the market break out. Wait for a break out patiently. 3. Range bound play will be difficult to profit when the premium movement is 100 points. TRADING PLAN 1. NIFTY OPEN BETWEEN 20100 -20171 : Buy any dip to 20000. 2.NIFTY OPEN ABOVE 20171 : wait for a consolidation and break above 20200. 3. NIFTY OPEN BELOW 20050 : Wait for a consolidation and break below 20050. 4. BANK NIFTY OPEN BETWEEN 44622 -44344 : No trade. 5. BANK NIFTY OPEN ABOVE 44622 : Wait for a consolidation and break out above 44760. 6.BANK NIFTY OPEN BELOW 44330 : Wait for a consolidation and break below 43200. 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 FOR NIFTY AND BANK NIFTY FOR 29 NOV 2023WORLD MARKETS 1. All the world Markets are looking bullish. However they are all looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1530 still remain a good level.( support/resistance) 2. ICICI Bank however is looking very choppy and bearish on daily chart. It has closed below 200 SMA. 3. Reliance is looking very bullish. The next tgt will be 2440. ANALYSIS 1. Bank Nifty and Nifty are reaching the crucial levels of 20000 and 44000 resply. 2. We may see some consolidation and volatility at these levels. Next tgt for NIfty and Bank Nifty will be 20100 and 44240 resply. TRADING PLAN 1.NIFTY OPEN BETWEEN 19865 -19931 : Any dip to 19850 is a buy. 2.NIFTY OPEN ABOVE 19931: Buy Any dip to 19900. 3. NIFTY OPEN BELOW 19860 : Sell any break below 19800. 4.BANK NIFTY OPEN BETWEEN 43945 - 43813 : Buy any dip to 43820. 5.BANK NIFTY OPEN ABOVE 43941 : Wait for a consolidation and break above 44010. 6. BANK NIFTY OPEN BELOW 43815 : Wait for a dip below 43700 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 FOR NIFTY AND BANK NIFTY FOR 28 NOV 2023WORLD MARKETS 1. US and Europe is looking extremely bullish. They are trying to break the recent swing high. Asia is however mixed. INDIA VIX AND GIFT NIFTY 1. India VIX has cooled down to 11.3. GIFT Nifty is indicating a flat openining. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish and has taken sp at 1530 levels. This acts as crucial sp. The next tgt for HDFC Bank is 1575. 2. ICICI Bank on the other hand is struggling to clear 935 levels. However it has closed above 200 SMA. 3. Reliance has turned bullish. However IT heavey weights have pulled back from the resistance level. EVENTS 1. The only events expected will be the Rajasthan, MP and uttarakhand election results. This will generally indicate the poll pattern for Loksabha. 2. So market may remain rangebound for few days. 3. Nifty is consolidating with a bullish bias. Bank nifty is still choppy. TRADING PLAN 1. NIFTY OPEN BETWEEN 19775 - 19811 : NO TRADE 2. NIFTY OPEN ABOVE 19811 : Wait for a break out above 19835 levels. 3.NIFTY OPEN BELOW 19775 : Wait for a break below 19750. 4.BANK NIFTY OPEN BETWEEN 43840 - 43700 : Buy any dip to 43700 levels. 5.BANK NIFTY OPEN ABOVE 43840 LEVELS. : Wait for a consolidation and breaK ABOVE 43900. 6. BANK NIFTY OPEN BELOW 43700: Sell any rally to 43750 and break below 43700. Tgt 43500. 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 FOR NIFTY AND BANK NIFTY FOR 21 NOV 202321 Nov 2023 WORLD MARKETS 1. US Markets are extremely bullish and the indicies are challenging the recent swing high of 4606 in S&P and 35680 in DJI. 2. Europe and Asia are following US Markets. INDIA VIX AND GIFT NIFTY 1. India VIX has crossed 12 indicating increased fear and volatility. This is may be due to the state elections and its results. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is choppy with a bullish bias.It is trading above 1500 which is a good sp whereas 1520 is a strong resistance. 2. ICICI Bank is below 200 SMA and trading with a negative bias. 930 is a strong resistance now. 3. Relaince has broken below 2350. It is still looking bullish. It has resistance at 2380. 2330 is a strong support. 4. IT index is trading with a bullish bias. ANALYSIS 1. World indices are extremely bullish while Indian Indices are looking for direction and consolidating. This is due to the state election and RBI announcement on Risk weightage for NBFC lending to retail. 2. Market may remain range bound for few more days.Patience is the key. TRADING PLAN 1. NIFTY OPEN BETWEEN 19720 - 19670 : No Trade. 2. NIFTY OPEN ABOVE 19720 : Wait for a break above 19780. 3. NIFTY OPEN BELOW 19670 : Wait for a break below 19630. Sell any rally to 19700. 4. BANK NIFTY OPEN BETWEEN 43511 - 43663 : No trade. Wait for a break above 43750 or below 43450. 5.BANK NIFTY OPEN ABOVE 43660 : Wait for a consolidation and break above 43750. 6.BANK NIFTY OPEN BELOW 43500 : Wait for a break below 43450. 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 FOR NIFTY AN DBANK NIFTY FOR 20 NOV 202320 Nov 2023 WOLRD MARKETS 1. All the world Indices are looking bullish. US and Europe are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is near 12 indicating increased fear and volatility. 2. GIFT Nifty is indicating a 26 points uptick at 19750. INDEX HEAVY WEIGHTS 1. HDFC Bank opened below 1490 and has closed above 1505. It is looking bullish. 2. ICICI BAnk on the other hand has closed below 200 SMA and is looking very bearish. 3. Reliance is looking bullish. it has managed to hold above 2350. ANALYSIS 1. The RBI announcement of additional security for retail lending has spooked NBFC. and Banks.So the hang over may remain for few days. The Bank closed 577 points below whereas the Nifty closed in positive. 2. So the Bank Nifty Move may be a knee jerk reaction. 3. However Bank Nifty Index Heavy weights HDFC Bank and ICICI Bank are moving in opposite direction. TRADING PLAN 1. NIFTY OPEN BETWEEN 19770 -19695 : NO TRADE. 2. NICTY OPEN ABOVE 19770 : Wait for a break out above 19810. 3. NIFTY OPEN BELOW 19695: Wait for a break below 19650. 4.BANK NIFTY OPEN BETWEEN 43690 - 43518 : Sell Any rally to 43750. 5.BANK NIFTY OPEN ABOVE 43690 : Wait for a break out above 43830. 6.BANK NIFTY OPEN BELOW 43521: Sell Any rally 43715. 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 17 NOV 202317 Nov 2023 WORLD MARKETS 1. All the world markets had a sustained rally for past 15 days. US S&P has rallied 364 points which is almost 8% from the swing low. 2. However the market is bullish but may consolidate with a small correction. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.6 indicating increased volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a grave stone doji sort of pattern which indicates break in rally. 1502 still remain a strong support. Bearish bets can be taken only below 1475. 2. ICICI Bank is choppy and remain in a range 930 - 950. 3. Reliance is bullish and has sustained above 2350. 2375 is a stong resistance. Any break of it will be very bullish. Any break below 2325 is bearish. ANALYSIS 1. Nifty has a sustained run of 1000 points from 18800 - 19800. Bank Nifty had a sustained run of 1900 points. We May see some consolidation before we commence the rally. TRADING PLAN 1.NIFTY OPEN BETWEEN 19700 - 19828 : Sell Any rally to 19830. 2. NIFTY OPEN ABOVE 19828 : Wait for a break out above 19900. 3. NIFTY OPEN BELOW 19700 : Sell Any rally to 19750 and break below 19700. 4.BANK NIFTY OPEN BETWEEN 44064 - 44265 : Sell Any rally to 44300. 5. BANK NIFTY OPEN ABOVE 44261: Wait for a consolidation and break above 44350. Any dip to 44250 can be bought. 6.BANK NIFTY OPEN BELOW 44064 : Sell Any rally to 44150 and break below 44020. 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 TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 15 NOV 202314 Nov 2023 WORLD MARKETS 1. US markets are looking bullish on daily time frame. Eurpoe and Asia are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India vIX is above 11 indicating increased volatility. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1.HDFC BAnk if you see last week is consolidating in a narrow range of 1503 - 1475. These two levels have not been broken. HDFc Bank on a daily chart is trading with a bearish bias. 2. ICICI Bank is again trading in a narrow range of 950 - 930. Again these levels have not been broken in the past one week. ICICI Bank is choppy. 3. Reliance for the past 10 days is in a narrow range of 2300 - 2350. It has again not broken these levels. It is trading with a bullish bias. ANALYSIS 1. while the index heavy weights are consolidating in a narrow range, Nifty and Bank Nifty have slowly moved up 400 and 1000 points respectively in the past seven days. 2. This indicates that broader markets may be strenghtening and supporting the indices. 3. put option sellers have been benifited in this one week move. TRADING PLAN 1. NIFTY OPEN BETWEEN 19422 - 19465 : Any dip to 19420 is a buy. 2.NIFTY OPEN ABOVE 19465: Wait for a break above 19500 decisively. Buy Any dip to 19450. 3. NIFTY OPEN BELOW 19420 : Wait for a break below 19400 decisively. 4.BANK NIFTY OPEN BETWEEN 43800 - 43975 : Buy any dip to 43800 and move above 43850. 5.BANK NIFTY OPEN ABOVE 43975 : Wait for a decisive break out above 44050 . 6. BANK NIFTY OPEN BELOW 43800 : Wait for a break below 43730 levels. 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 FOR NIFTY AND BANK NIFTY FOR 13 NOV 202313 Nov 2023 WORLD MARKETS 1. US has broken out of head and shoulder neck on upside. 2. Europe and Asia is consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is steady at 11. 2. GIFT NIfty is indicating 120 points uptick at 19550 Spot. INDEX HEAVY WEIGHTS 1.HDFC Bank is consolidating in a narrow range of 1475 - 1503. 2. ICICI bank has strong sp at 930. While 950 remains a stong resistance. It is trading with a bullish bias. 3. Relaince has strong sp at 2290 - 2450 is a strong resistance. It is trading with a bullish bias. ANALYSIS 1. Moody's have turned negative on US markets due to higher interest rates, which will have impact on the debt of the companies. 2. We have to see what impact it will have on US markets on Monday. 3. Every day market is either gapping up or down give less move in intra day with a range bound move which is difficult to trade with 50 - 70 points profit margin. Also these movements are fast so difficult to catch. 4. This is bascially a option seller market. It is best to concentrate on individual stock for some time. TRADING PLAN 1.NIFTY OPEN BETWEEEN 19460 - 14390 : Any dip to 19400 is a buy. 2. NIFTY OPEN ABOVE 19460 : Any dip to 19420 is a buy. 3. NIFTY OPEN BELOW 19392 : Any move below 19350 is a sell. 4. BANK NIFTY OPEN BETWEEN 43931- 43707 : Any dip to 43700 is a buy. 5. BANK NIFTY OPEN ABOVE 43931: Wait for a consolidation and break above 44020. Tgt 44250. Buy any dip to 43800. 6. BANK NIFTY OPEN BELOW 43700 : Sell any move below 43500. 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 09 NOV 202309 NOV 2023 WORLD MARKETS 1. US markets is consolidating with a bullish bias. 2. Europe and Asia is consolidating with a bearish bias. GIFT NIFTY AND INDIA VIX 1. India VIX is below 12 indicating reduced volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1503 is still a strong resistance. 1490 is a strong support. 2. ICICI Bank has made a huge bearish candle. Any break of 930 will be bearish. where as 950 is a strong resistance. 3. Reliance has strong sp at 2325. Any break of 2300 is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 19460 - 19420 : Any dip to 19400 is a buy. 2. NIFTY OPEN ABOVE 19460 : Any break of 19475 is bullish. 3.NIFTY OPEN BELOW 19420 : Any break below 19390 is bearish. 4. BANK NIFTY OPEN BETWEEN 43590 - 43730 : Any dip to 43600 and move above 43650 is bullish. 5. BANK NIFTY OPEN ABOVE 43725 : Any break out above 43800 is bullish. wait for a consolidation between 43700 - 43800. 6.BANK NIFTY OPEN BELOW 43590 : SELL BELOW 43500. 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
PRE MARKET NIFTY AND BANK NIFTY ANALYSIS FOR 08 NOV 202308 NOV 2023 WORLD MARKETS 1. US Markets are looking bullish. 2. Europe is neutral with a bearish bias. GIFT NIFTY AND INDIA VIX 1. Indai VIX is below 12. GIFT Nifty is indicating a flat opening. As such it doest reflect any nifty opening properly. INDEX HEAVY WEIGHTS 1. HDFC Bank is still looking bearish. It has resistance at 1502. Any decisive break of this will be bullish. Break below 1475 is bearish. 2. ICICI Bank is looking bullish. Any break of 950 will be bullish. However 950 is a strong resistance. Any move below 935 will be bearish. 3. Reliance is neutral with a bullish bias. 2325 is a strong support. while 2350 is a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 19420 - 19380 : Any dip to 19350 is a Buy. 2. NIFTY OPEN ABOVE 19440 : Buy any dip to 19400 levels. 3.NIFTY OPEN BELOW 19375 : Sell Below 19320. 4. BANK NIFTY OPEN BETWEEN 43615 - 43880 : Buy any dip to 43600. 5. BANK NIFTY OPEN ABOVE 43890 : Buy any dip to 43700. Any consolidation at 43800 and break out above 43890 is a buy. 6. BANK NIFTY OPEN BELOW 43590: Sell below 43500. 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
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 27 OCT 202327 Oct 2023 WORLD MARKETS 1. All the world markets are looking bearish. Except CAC which is trading positive. KOSPI is down 2.7 %. INDIA VIX AND GIFT NIFTY 1. India VIX is @ 11.9 which is almost near 12. 2. GIFT Nifty is indicating a flat start for Nifty tomorrow. INDEX HEAVY WEIGHTS 1. HDFC Bank is bearish. 1425 is a very good support. 1505 is still a strong resistance. Any move above 1471 is bullish. But it is a strong resistance. 2. ICICI Bank has strong resistance at 920. However the fall in ICICI BAnk has just started. This is worrisome. 887 is a strong sp level. We may see a a bounce tomorrow as in 1 Hr TF, ICICI Bank is looking oversold. 3. Reliance has good sp at 2140. 2260 is a strong resistance. ANALYSIS 1. World markets are looking bearish. 2. Indian Indices has fallen in last 3 days. All Index heavy weights look bearish but oversold for short term. However it looks extremly bearish. Nifty has good sp at 18609. Bank Nifty has sp at 39750. 3. Market may remain rangebound and choppy tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 18900 -18800 : Sell any rally to 18950. 2. NIFTY OPEN ABOVE 18900: Wait for a move above 18970 before going long. 3. NIFTY OPEN BELOW 18800 : Sell any rallt 18850. 4.BANK NIFTY OPEN BETWEEN 42450 - 42100 : Sell any rally42550. 5.BANK NIFTY OPEN ABOVE 42450 : Buy any move above 42600. wait for a consolidation between 42500 - 42600 before a break out above 42600. 6. BANK NIFTY OPEN BELOW 42100 : Sell any rally to 42300. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY. THE AUTHOR HOLDS NO LIABILTY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 26 OCT 202326 Oct 2023 WORLD MARKETS 1. World markets are looking bearish. This due to the escalating Isreal conflict. 2. Most of the Wolrd markets are trading with negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX has risen above 11 indicating increase in fear and volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. 1503 is a strong resistance. Bullish view can be taken only above 1515. HDFC Bank is still very bearish. 2. ICICI Bank 920 is a strong resistance. Bullish bets can be taken only above 928. 3. Relaince has strong resistance at 2290. Near resistance is 2260. Any move to 2290 can be sold. ANALYSIS 1. World markets have been jittery and weak due to Isreal war. Near term outlook for all Indices is bearish. 2. Tomorrow is Nifty monthly expiry. So a pull back cannot be ruled out. But risk reward will be less in going long. TRADING PLAN. 1.NIFTY OPEN BETWEEN 19050 - 19200 : Sell Any rally to 19200. 2. NIFTY OPEN ABOVE 19200 : Buy any break out above 19300. 3.NIFTY OPEN BELOW 19050: Sell any rally to 19100. 4.BANK NIFTY OPEN BETWEEN 43007 - 42650 : Sell any rally to 43007. 5.BANK NIFTY OPEN ABOVE 43007 : Buy Any break out above 43200. 6. BANK NIFTY OPEN BELOW 42650 : Sell Any rally to 42700 - 42800. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSLUT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THE ARTICLE HOLDS NO LIABILTY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSISFOR NIFTY AND BANK NIFTY FOR TOMORROW20 Oct 2023 WORLD MARKETS 1. world Markets are looking bearish. 2. US and Europe are looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11, but the market is still volatile. 2. GIFT Nifty is indicating 20 points down tick at 19600 as of now. This amounts to 60 points down tick at 43700. INDEX HEAVY WEIGHTS 1. HDFC Bank is still moving in a range of 1526 - 1500. Any break of these levels wil be trending. 2. ICICI bank is at crucial sp level of 934. Any break of 934 will be bearish with a tgt of 924. 938 remains a stong resistance. 3. Reliance is again at the crucial sp level of 2300 Any break of this will be bearish for a tgt of 2294 and below. ANALYSIS 1. Indices have been very volatile even with VIX below 11. Most of the index heavy weights are at crucial sp levels. Indices look very weak. But a short covering rally cannot be ruled out. TRADING PLAN 1. NIFTY OPEN BETWEEN 19580 - 19670. : Sell any rally to 19700. 2.NIFTY OPEN ABOVE 19670 : Wait for a break out above 19700. Any weakness at 19700 and break below 19670 is a sell. Look for bearish reversal candle setup. 3.NIFTY OPEN BELOW 19580: Sell Any rally to 19600. 4.BANK NIFTY OPEN BETWEEN 43900 AND 43600 : Sell any rally to 44000. 5. BANK NIFTY OPEN ABOVE 43900 : Wait for a break out above 44050. 6.BANK NIFTY OPEN BELOW 43600 : Wait for a break down below 44500 decisively. Any rally to 43700 can be sold into. 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 THE ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 17 OCT 202317 Oct 2023 WORLD MARKETS 1. US are trading in a range and with a positive bias. It is choppy. 2. Europe has turned bearsih with 1.4 % cut. 3. Asia is trading with a negative bias and choppy. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11 indicating increased volatility but range bound. 2. GIFT Nifty is indicating a 40 points uptick at 19770 an d Bank Nifty at 44350. INDEX HEAVY WEIGHTS 1. HDFC Bank was choppy because of quarterly results. Any decisive break above 1537 is bullish. The quarterly result is as per expected result. Any break below 1520 is bearish. 2. ICICI Bank can turn bullish above 960. Any break below 945 is bearish. 3. Relaince is bullish above 2355. Any move below 2334 is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 19736 - 19708 : Any rally to 19780 is a sell. 2. NIFTY OPEN ABOVE 19735 : Wait for a break above 19800. 3.NIFTY OPEN BELOW 19709: Wait for a break below 19685. 4.BANK NIFTY OPEN BETWEEN 44314 - 44135 : Any rally to 44500 is a sell. 5. BANK NIFTY OPEN ABOVE 44320 : Wait for a break above 44500. 6.BANK NIFTY OPEN BELOW 44135: Wait for a break below 43900. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY. THE AUTHOR HOLD NO LIABILITY FOR ANY TRADE TAKEN BY THE REader.
NSE:BANKNIFTY
by sam20051968
Banknifty weekly analysis for 09/10/23.Banknifty has been taking support from the 20 ema on the weekly charts and has closed above the level this week too. It is respecting the crucial levels and has closed 223 point lower on the weekly charts. There were gap up and gap down this week and didn't gave any intraday opportunity for an option buyers. The market has closed between both the moving averages, on the daily charts. In the last trading session, banknifty opened 110 points higher and traded in a range of just 250 points whole day. It closed only 147 points higher just decaying the option premiums. The market has been forming a similar pattern on the daily charts and this week can be different. The gift nifty is showing a 113 point gain on the daily close and if it remain same in the morning, Indian market too can show another gap up opening. On the hourly charts, it took support from the 20 ema and has closed between both the moving averages. Market has created support and resistance at a close range and trades should only be initiated once the market crosses the high or low of the previous day. Support :- 44270, 44120, 44020 Resistance :- 44450, 44720, 44975 Banknifty has been respecting a trend line on the hourly charts and its break out can show some bullish move in the market. The markets are still confused in deciding the trend It has been tradin in a 1000 points range for last 15 days or 10 trading session which is unusual for Banknifty. There are high chances of a trending move in the market. Bullish or bearish trades should be trailed if the market start trading above 44700 or below 43700 levels respectively. Wait for the price action near the levels before etnering the market.
NSE:BANKNIFTY
by TheMamboMomentum
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 06 OCT 202306 Oct 2023 WORLD MARKETS 1. All the world markets are looking bearish. However it looks over sold. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating decrease in volatility. 2. GIFT Nifty is indicating a muted opening. This may change by tomorrow morning. INDEX HEAVY WEIGHTS 1. HDFC BAnk has good sp at 1529. Any break out above 1547 is bullish. Full break out is only above 1555. Any break out below 1525 is bearish. 2. ICICI BANK has good sp at 935. 944 is a strong resistance. Any break of 945 is bullish. 3. Reliance has strong resistance at 2325. 2308 is a good sp. ANALYSIS 1. World markets are looking bearish but oversold and stretched. 2. Nifty has resistance at 19600 and Bank nifty at 44700 levels. TRADING PLAN 1.NIFTY OPEN BETWEEN 19570 - 19520 : Any dip to 19500 is a buy. 2.NIFTY OPEN ABOVE 19570: Any break out of 19600 is a buy. 3.NIFTY OPEN BELOW 19520 : Wait for a break down below 19490 levels. 4. BANK NIFTY OPEN BETWEEN 44290 AND 44135 : Any dip to 44100 and move above 44135 is a buy. 5. BANK NIFTY OPEN ABOVE 44291 : Any break out 44400 is a buy. 6. BANK NIFTY OPEN BELOW 44135 : Wait for break below 44050 - 44000 decisively. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 03 OCT 202303 Oct 2023 WORLD MARKETS 1. All the world markets are bearish. US and Europe has still more legs to go before turning bullish. Asia is also looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 11 indicating high volatility. 2. GIFT Nifty is indicating a negative tick of 100 points. This amounts to 300 points on bank nifty at 44300 levels. index heavy weights 1. HDFC Bank is still bearish. It has resistance at 1540 levels. Sp can be seen at 1510 levels. Any brek of 1520 is bearish. 2. ICICI Bank has pulled back. 955 is a strong resistance. short term sp is there at 942 levels. 3. Reliance has strong resistance at 2360. Next sp is there at 2290 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 19685 - 19592 : Any rally to 19700 is a sell. 2. NIFTY OPEN ABOVE 19700 : Wait for a break out of 19735 levels. 3. NIFTY OPEN BELOW 19600: Wait for a break below 19540 levels. Look for a tgt of 19450 levels. 4.BANK NIFTY OPEN BETWEEN 44700 - 44480: Sell any rally to 44750 levels. 5. BANK NIFTY OPEN ABOVE 44700 : Wait for a break below 44750 levels. 6. BANK NIFTY OPEN BELOW 44480 : Any rally to 44500 - 44600 is a sell. I AM NOT A SEBI REGISTERED TRADER.THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES. THE AUTHOR IS NORT LIABLE FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 27 SEP 202327 Sep 2023 WORLD MARKETS 1. US indices have turned bearish. Europe has turned bearish. Asia has turned bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has increased above 11. GIFT Nifty is looking flat. 2. Indian indices are consolidating with a bearish bias. INDEX HEAVY WEIGHTS 1. HDFC Bank is taking continuous sp at 1520. 1542 remains a strong resistance. It will be fully bullish above 1545. 2. ICICI Bank has strong resistance at 940 levels. Any break of it will be bearish. It can turn bullish only above 955. 3. Reliance has strong resistance @ 2360. there is no immediate sp except at 2306. ANALYSIS 1. India VIX is looking bullish indicating increase in volatility. 2. Indices are consolidating with a bearish bias. we may expect a rangebound move with a bearish bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 91682 - 19648 : Wait for a break out above 19700 or break down below 19630. 2. NIFTY OPEN ABOVE 19682 : Wait for a break out above 19700. 3.NIFTY OPEN BELOW 1948 : Wait for a break down below 19630. 4.BANK NIFTY OPEN BETWEEN 44700 - 44550 : Wait for a breakout above 44750 or break down 44490. 5. BANK NIFTY OPEN ABOVE 44700 : Wait for a break out above 44760. Any dip to 44700 is a buy. 6. BANK NIFTY OPEN BELOW 44550 : Wait for a break down below 44490. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR INFORMATION PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES. THE AUTHOR IS NOT LIABLE FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968