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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 AUG 202421 AUG 2024 WORLD MARKETS 1. World markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating decrease in volatility. 2. GIFT Nifty is indicating 52 point downtick at 24650. This amounts to 50650 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance at 1640 and support at 1600. 2. ICICI Bank has support at 1170 and resistance at 1190. 3. Reliance has resistance at 3000. TRADING PLAN 1.NIFTY OPEN BETWEEN 24660 - 24730: Buy any dip to 24550. NIFTY OPEN BELOW 24660: Buy any dip to 24550. 3. NIFTY OPEN ABOVE 24730: Wait for a consolidation and break above 24750. 4.BANK NIFTY OPEN BETWEEN 50975 - 50630: No trade. 5.BANK NIFTY OPEN ABOVE 50975: Buy any dip to 50800. 6.BANK NIFTY OPEN BELOW 50630: Wait for a consolidation and break above 50550 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 14 AUG 202414 Aug 2024 WORLD MARKETS 1. World markets have rallied post fall. INDIA VIX AND GIFT NIFTY 1. India VIX is above 16 indicating volatility. 2. GIFT Nifty is indicating a 55 points uptick. This amounts to 50000 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1600 - 1590. Any break of this will give us 1550. 2. ICICI Bank has support has support at 1160 and resistance at 1172. Any break of these levels will give direction to bank nifty . 3. Reliance has resistance at 2950 and support at 2140. TRADING PLAN 1. NIFTY OPEN BETWEEN 24205 - 24072: No Trade. 2.NIFTY OPEN ABOVE 24205: Sell any rally to 24300. 3.NIFTY OPEN BELOW 24072: Sell any rally to 24200. 4. BANK NIFTY OPEN BETWEEN 50044- 49617: Sell any rally to 50000. 5. BANK NIFTY OPEN ABOVE 50044: Wait for a consolidation and break above 50200. 6.BANK NIFTY OPEN BELOW 49600: Buy any move above 49800 with consolidation. 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 21 JUL 202421 Jun 2024 WORLD MARKETS. 1. All the world indices are trading in negative for the past 5 days. INDIA VIX AND GIFT NIFTY 1. India VIX is at 15 indicating an increase in volatility. 2. GIFT Nifty is indicating 116 points downtick at 24400 which is a very good support. This amounts to 51800 levels for bank nifty which is again a good support. INDEX HEAVY WEIGHTS. 1.HDFC Bank has decisively closed below 1611 at 1607 which is bearish. 2. ICICI Bank on the other hand is looking bullish and is supporting bank nifty. 1250 is a resistance and if it is cleared we may see more upside.This will help to keep nifty and Bank nifty range bound. 3. RELIANCE is looking bearish. 3110 - 3080 is a very good support. TRADING PLAN 1. NIFTY OPEN BETWEEN 24434 -24627 : Sell any rally to 24500. 2. NIFTY OPEN ABOVE 24627 Sell any rally to 24700. 3.NIFTY OPEN BELOW 24434: Sell any rally to 24550. 4.BANK NIFTY OPEN BETWEEN 52386 -52150: Sell any rally to 52500. 5.BANK NIFTY OPEN ABOVE 52430 : Sell any rally to 52500. 6. BANK NIFTY OPEN BELOW 52150 : Sell any rally to 52320. Wait for the pull back. sell only the pullback. 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
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15JUL 202415 JUL 2024 WORLD MARKETS 1.S&P AND NASDAQ looks over bought while DJI look bullish. 2. Europe is looking bullish. 3. Asia is consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating bullishness. GIFT Nifty is indicating a 60 points uptick at 24560 levels. This amounts to 52500 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has taken support at 1600-1610. This a good support and any break of 1600 will be very bearish. 2. ICICI Bank has support at 1220. Any break of this will get us to 1190. 3. Reliance is consolidating with a bullish bias. Next Tgt will be 3250 levels. 3150 seems to be a good support. ANALYSIS 1. Since SEBI has come up with lot of proposals, one proposal that may affect option buyers will be only one contract expiry in a week. It means we may have different expiry each week like Nifty one week Bank Nifty next week and So on. This is my Guess. 2. So better to include FinNifty in the analysis so that there will be more options to trade index. 3. Stock options may become too costly for option buyers as per new rules if implemented. TRADING PLAN. 1. NIFTY OPEN BETWEEN 24430 - 24573 : Any dip to 24430 is a buy. 2. NIFTY OPEN ABOVE 24570: Wait for a dip to 24500 . 3.NIFTY OPEN BELOW 24430 : Wait for a consolidation and move above 24475. 4. BANK NIFTY OPEN BETWEEN 52110 - 52452 ; No Trade. 5. BANK NIFTY OPEN ABOVE 52450: Wait for a consolidation and break above 52535. 6. BANK NIFTY OPEN BELOW 52100 : Sell any rally to 52400. 7. FIN NIFTY OPEN BETWEEN 23530 - 23676: NO TRADE. 8.FIN NIFTY OPEN ABOVE 23676: Buy any consolidation and break above 23750. 9.FIN NIFTY OPEN BELOW 23500 : Sell any consolidation and break below 23430. 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 10 JUL 202410 Jul 2024 WORLD MARKETS 1. US market are consolidating with a bullish bias and waiting for FOMC meeting and Inflation date on 11 Jul. 2. Europe is bearish and Asia is bullish. INDIA VIX AND IGIFT NIFTY 1. India VIX is nearing 15 indicating increase in volatility. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has taken support at 1620 and bounced back. 1650 is a very strong resistance. If it clears 1650 we may see further upside and Bank nifty may turn bullish. 2. ICICI Bank is very bullish. 1250 is a resistance and if it is cleared then we may get 1270 levels. 3. Reliance has support at 3160 and resistance at 3200. It is being used to manage Nifty. This will benefit option sellers. ANALYSIS 1. Indices are consolidating with a positive bias. 2. Nifty between 24500 - 24000 and Bank nifty between 52000 - 53000. 3. We may see some intraday spikes but not much can be gained. 4. Option buyers should be happy with 40 -50 points in Nifty and 70 - 80 points in Bank Nifty. 5. Buy on dips will be a good strategy. TRADING PLAN 1. NIFTY OPEN BETWEEN 24400 - 24463. Buy any dip to 24370 - 24350 levels. 2. NIFTY OPEN ABOVE 24463: Wait for a dip to 24400 before entering. 3,.NIFTY OPEN BELOW 24400 : Wait for a consolidation and move above 24400. However any dip to 24350- 24300 can be accumulated in light quantity. 4.BANK NIFTY OPEN BETWEEN 52470 -52662: No Trade. 5.BANK NIFTY OPEN ABOVE 52660: Wait for a consolidation and break above 52750 decisively. However any dips can be accumulated. 6.BANK NIFTY OPEN BELOW 52470: Any consolidation and break below 52350 is a 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 09 JUL 202409 JUL 2024 WORLD MARKETS 1. All the World markets are consolidating with a bullish bias. 2. They are all waiting for Powell speech and Inflation data on 11 Jul. INDIA VIX AND GIFT NIFTY 1. India VIX is up 7% indicating increase in volatility. So better to be careful. 2. GIFT Nifty is indicating a 60 points uptick at 24390 levels. This amounts to 52650 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is still weak and is consolidating with a negative bias. 1620 is a good support. If it rebounds from it we may see a rally. 2. ICICI Bank is very bullish. It has next tgt at 1290. 3. Reliance isa also bullish. 3252 is the next tgt. ANALYSIS 1. Indices are being drag down by HDFC Bank. Otherwise both Nifty and Bank Nifty is bullish. We have to see whether other banks follow HDFC Bank or HDFC Bank Bounce back. TRADING PLAN 1. NIFTY OPEN BETWEEN 24350 - 24290: No Trade. NIFTY OPEN ABOVE 24350: Wait for a short consolidation and break above 24400. 3.NIFTY OPEN BELOW 24290: Wait for a consolidation and break below 24160 levels. If Nifty consolidate and break above 24380, it is a buy. 4.BANK NIFTY OPEN BETWEEN 52550 - 52290: Strictly No Trade. 5.BANK NIFTY OPEN ABOVE 52555: Wait for a consolidation and break above 52720 decisively. 6.BANK NIFTY OPEN BELOW 52290:Sell any rally to 52500 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 08 JUL 202408 JUL 2024 WORLD MRKETS 1. US markets are looking bullish ahead of FOMC meet. Powell announcement will be there on 10 Jul 2024. Inflation data is also expected on 11 Jul. 2. Europe is neutral while Asia is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more bullishness to continue. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1.HDFC Bank result has spooked the banking indices. We have to see how other banks react to their results. 1620 is the next support. 1670 is the immediate resistance. 2. ICICI Bank actually stopped the fall of both Nifty and Bank nifty. It has good support at 1220 and next tgt can be 1250. 3. Reliance has broken out and is very bullish. However after 2.3% rise, it may consolidate. Next Tgt is 3200. ANALYSIS 1. Nifty is holding on to 24300 levels. While bank Nifty has broken below 53000. But it is taking support at 52500. We have to see whether it will hold. Immediate resistance for Bank Nifty is 52800. TRADING PLAN 1. NIFTY OPEN BETWEEN 24270 - 24375: Buy any dip to 24270. 2.NIFTY OPEN ABOVE 24370: Wait for a dip to 24300 before going long. 3.NIFTY OPEN BELOW 24270: If It consolidate and break above 24270, it is a buy. But if it consolidate and break below 24150, it is a sell. 4. BANK NIFTY OPEN BETWEEN 52500 - 52800: No trade. 5. BANK NIFTY OPEN ABOVE 52800: Wait for a break out above 52960. Any dip to 52700 will be a buy. 6.BANK NIFTY OPEN BELOW 52500: Wait for a consolidation and break below 52300 decisively. However any rally to 52500 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 JUL 202404 Jul 2024 WORLD MARKETS 1. All the world markets are looking bullish post FOMC meeting. Tomorrow is holiday for US markets. INDIA VIX AND GIFT NIFTY 1. India VIX is down 3% indicating more bullishness. 2. GIFT NIFTY is indicating 60 points uptick at 24340 levels. This amounts to 53300 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking very bullish. But it has made a very huge gap up. We have to see when this gap will be filled. 1760 remain a very crucial support. Any break of it will be a pull back to 1735 levels. 2. ICICI Bank is taking support at 200 SMA. Any decisive break of 1194 will be bearish. 3. Reliance has resistance at 3115 and 3060 is a good support. Reliance may stay in this range. 4. Axis and Kotak Bank has done very well. TRADING PLAN 1. NIFTY OPEN BETWEEN 24315 -24255 LEVELS: Any dip to 24250 levels can be accumulated 2. NIFTY OPEN ABOVE 24315: Buy any dip to 24300 levels. 3.NIFTY OPEN BELOW 24250 : Wait for a consolidation and break above 24270. 4. BANK NIFTY OPEN BETWEEN 53303 - 52876 : Buy any dip to 52900 and break above 53000. 5.BANK NIFTY OPEN ABOVE 53303 : Wait for a dip to 53100 to buy. 6.BANK NIFTY OPEN BELOW 52870: Sell any rally to 53000. 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 JUN 202428 Jun 2024 WORLD MARKETS 1.US markets are looking bullish.while Europe is mixed and Asia is looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating more bullishness. 2. GIFT Nifty is indicating a 40 points uptick at 24080. INDEX HEAVY WEIGHT 1. HDFC Bank is in a range of 1690 to 1710. Any break of this will give direction to Indices. 2.ICICI Bank has support at 1210. 3. Reliance is very bullish. 3050 - 3070 is the range. Any break of this range will give direction to Nifty. 4. IT has turned bullish. So Nifty may continue its uptrend if Bank Nifty and Reliance remain neutral to mildly bullish. TRADING PLAN 1. NIFTY OPEN BETWEEN 23920 - 24080 : Buy any dip to 23920 levels. 2.NIFTY OPEN ABOVE 24080: Wait for a dip to 23900 and consolidation and buy the break out above 24000. 3.NIFTY OPEN BELOW 23920: Wait for a consolidation and break below 23800 decisively. 4.BANK NIFTY OPEN BETWEEN 52650 - 52950 LEVELS. NO TRADE. 5. BANK NIFTY OPEN ABOVE 52950 LEVELS. Wait for a consolidation between 52850 - 53100 and buy any break out. 6.BANK NIFTY OPEN BELOW 52650: Buy any consolidation and break below 52500 decisively. However any move above 52900 will again turn bank nifty bullish. 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 Jun 202427 JUN 2024 WORLD MARKETS 1. World markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is at 14 and is below indicating more bullishness. Buy on dips will be a good strategy. 2. GIFT Nifty is indicating a negative opening with a 60 points down tick at 23800. This amounts to 200 points downtick for bank nifty at 52500 INDEX HEAVY WEIGHTS 1. HDFC BANK is looking for a pull back to 1670. So we may expect this if it move below 1685. 2.ICICI Bank has good support at1195. Any break of 1190 will get us 1175. 3.Reliance is very bullish. we may see some consolidation . 4. However if IT start moving up we may see more upside in Nifty. TRADING PLAN 1.NIFTY OPRN BETWEEN 239230-23800: Buy any dip to 23800. 2.NIFTY OPEN ABOVE 23930 : Wait for a dip to 23800. 3.NIFTY OPEN BELOW 23800: Any consolidation between 23740 - 23800 and break out above 23800 IS A BUY. 3.BANK NIFTY OPEN BETWEEN 52325 -52850: Any consolidation between 53370 -53650 and break out is a buy. 5.BANK NIFTY OPEN ABOVE 52800 : Wait for a dip to 52550 levels. 6.bank nifty open below 52300: Any consolidation and break above 52650 is a buy. Any consolidation and break below 52300 is a sell target 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 23 MAY 202423 May 2024 WORLD MARKETS 1. US is looking bullish. Europe is mixed while Asia is trading with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 21 indicating more volatility in option prices. 2. GIFT Nifty is indicating a negative opening a 40 points downtick @ 22550 levels. This amounts to 47880 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a negative bias and 1464 is still a strong resistance. 2. ICICI Bank has turned negative and has resistance at 1118 level. 3. Reliance has turned bullish. However 2910 is a very strong resistance. ANALYSIS 1. Indices are consolidating with a very high volatility. 2. Nifty is looking bullish due to Reliance but Banks are dragging down nifty and hence is range bound between 22500 - 22600. 2. Bank Nifty on the other hand is trading with a negative bias. 47800 is still a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 22555 -22635 :Any dip to 22555 is a buy. NIFTY OPEN BELOW 22555 : Any consolidation between 22500- 22555 and break out above 22570 is a buy. 3.NIFTY OPEN ABOVE 22635 : Wait for a dip to 22555 for buying. 4. BANK NIFTY OPEN BETWEEN 47950 - 47600 : No trade. 5.BANK NIFTY OPEN ABOVE 47950: Buy any consolidation and break above 48160. 6.BANK NIFTY OPEN BELOW 47600 : Sell any rally to 47800. 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 23 MAY 202423 May 2024 WORLD MARKETS 1. US is looking bullish. Europe is mixed while Asia is trading with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 21 indicating more volatility in option prices. 2. GIFT Nifty is indicating a negative opening a 40 points downtick @ 22550 levels. This amounts to 47880 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a negative bias and 1464 is still a strong resistance. 2. ICICI Bank has turned negative and has resistance at 1118 level. 3. Reliance has turned bullish. However 2910 is a very strong resistance. ANALYSIS 1. Indices are consolidating with a very high volatility. 2. Nifty is looking bullish due to Reliance but Banks are dragging down nifty and hence is range bound between 22500 - 22600. 2. Bank Nifty on the other hand is trading with a negative bias. 47800 is still a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 22555 -22635 :Any dip to 22555 is a buy. NIFTY OPEN BELOW 22555 : Any consolidation between 22500- 22555 and break out above 22555 is a buy. 3.NIFTY OPEN ABOVE 22635 : Wait for a dip to 22555 for buying. 4. BANK NIFTY OPEN BETWEEN 47950 - 47600 : No trade. 5.BANK NIFTY OPEN ABOVE 47950: Buy any consolidation and break above 48160. 6.BANK NIFTY OPEN BELOW 47600 : Sell any rally to 47800. 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 23 MAY 202423 May 2024 WORLD MARKETS 1. US is looking bullish. Europe is mixed while Asia is trading with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 21 indicating more volatility in option prices. 2. GIFT Nifty is indicating a negative opening a 40 points downtick @ 22550 levels. This amounts to 47880 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a negative bias and 1464 is still a strong resistance. 2. ICICI Bank has turned negative and has resistance at 1118 level. 3. Reliance has turned bullish. However 2910 is a very strong resistance. ANALYSIS 1. Indices are consolidating with a very high volatility. 2. Nifty is looking bullish due to Reliance but Banks are dragging down nifty and hence is range bound between 22500 - 22600. 2. Bank Nifty on the other hand is trading with a negative bias. 47800 is still a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 22555 -22635 :Any dip to 22555 is a buy. NIFTY OPEN BELOW 22555 : Any consolidation between 22500- 22555 and break out above 22570 is a buy. 3.NIFTY OPEN ABOVE 22635 : Wait for a dip to 22555 for buying. 4. BANK NIFTY OPEN BETWEEN 47950 - 47600 : No trade. 5.BANK NIFTY OPEN ABOVE 47950: Buy any consolidation and break above 48160. 6.BANK NIFTY OPEN BELOW 47600 : Sell any rally to 47800. 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 14 MAY 202414 May 2024 WORLD MARKETS 1. World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 20 indicating a very high volatility. 2. GIFT Nifty is indicating 80 point uptick at 22180 . This amounts tp 48000 in Bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank as expected pulled back from 1420 levels. 1464 is a strong resistance. Any move above 1465 is bullish. 2. ICICI Bank has support at 1120. It has resistance at 1140. 3. Reliance has resistance at 2830. TRADING PLAN 1. NIFTY OPEN BETWEEN 22020 - 22185: Any dip to 22050 and move above 22140 is bullish. 2. NIFTY OPEN ABOVE 22104 : Wait for a break above 22200 decisively. However any dip to 22140 is a buy. If after consolidation if the break happen below 22100, then it is a sell. NIFTY OPEN BELOW 22000: Sell any rally to 22100 and break below 22000. 4.BANK NIFTY OPEN BETWEEN 47500 - 47990: Any dip to 47600 and move above 47850 is a buy.5.BANK NIFTY OPEN ABOVE 48000: Any dip to 47800 is a buy. 6. BANK NIFTY OPEN BELOW 47500 : Sell any rally to 47750. 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 14 MAY 202414 May 2024 WORLD MARKETS 1. World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 20 indicating a very high volatility. 2. GIFT Nifty is indicating 80 point uptick at 22180 . This amounts tp 48000 in Bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank as expected pulled back from 1420 levels. 1464 is a strong resistance. Any move above 1465 is bullish. 2. ICICI Bank has support at 1120. It has resistance at 1140. 3. Reliance has resistance at 2830. TRADING PLAN 1. NIFTY OPEN BETWEEN 22020 - 22185: Any dip to 22050 and move above 22140 is bullish. 2. NIFTY OPEN ABOVE 22104 : Wait for a break above 22200 decisively. However any dip to 22140 is a buy. If after consolidation if the break happen below 22100, then it is a sell. NIFTY OPEN BELOW 22000: Sell any rally to 22100 and break below 22000. 4.BANK NIFTY OPEN BETWEEN 47500 - 47990: Any dip to 47600 and move above 47850 is a buy. 5.BANK NIFTY OPEN ABOVE 48000: Any dip to 47800 is a buy. 6. BANK NIFTY OPEN BELOW 47500 : Sell any rally to 47750. 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 13 MAY 202413 MAY 2024 WORLD MARKETS 1. US and Europe are looking bullish while Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is @18.5 indicating high volatility. we may see a consolidation for a day or two with a negative bias. 2. GIFT Nifty is indicating a 73 points down tick at 22000. This amounts to 47200 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank looks oversold in 1 Hour chart. So a move towards 1460 cannot be ruled out. However 1430 seems to be a good support. 2.ICICI Bank has pulled back to 21 SMA . 1090 is a good support whereas 1116 - 1122 is a strong resistance. 3. reliance is bearish and it has resistance at 2830 levels. ANALYSIS 1. Nifty is trying to hold onto 22000 - 21900 whereas Bank Nifty is getting support at 48200 levels. Any break of these levels will give a good risk reward ratio on downside. Till that time, Nifty can move between 22400 - 22000 and Bank Nifty 48750 - 48250 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 22100 - 22000 : No trade. 2. NIFTY OPEN ABOVE 22100 : Wait for a consolidation and break above 22160 3.NIFTY OPEN BELOW 22000: Wait for a break below 21900. 4.BANK NIFTY OPEN BETWEEN 47600 - 47250 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 47600: Buy any break out above 47850. However any weakness at 47850 and break below 47600 is a sell. Target 47200. 6.BANK NIFTY OPEN BELOW 47250: Sell any rally to 47550. 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 FO 10 MAY 202410 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is increasing everyday, indicating more bearishness. 2. GIFT Nifty is indicating a 50 points uptick at 22050 .This amounts to 47600 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has reached a good support level of 1440 - 1420. So we may see some bounce back. 2. ICICI Bank has strong resistance at 1117. It has good support at 1090. 3. Reliance is bearish and has support at 2740. ANALYSIS 1. The election is making the markets jittery. So this volatility will remain till June 04. 2. So idea is to make best use of it. High volatility also increases option premium and a good entry and exit will definitely benefit. But do not go more than two bars. Book profit after 2 nd bar. 3. Nifty has good support at 21800. 4. Bank nifty has support at 47000. 5. We may opt for sell on rally. TRADING PLAN 1. NIFTY OPEN BETWEEN 21850 - 22062 : Sell Any rally to 22100 and break below 22000. 2. NIFTY OPEN ABOVE 22062: Wait for a consolidation and break above 22250. However any weakness at 22100 and break below 22000 is a sell. 3.NIFTY OPEN BELOW 21850 :we may expect a pull back to 22000. 4.BANK NIFTY OPEN BETWEEN 47270 - 47730 : Sell any rally to 47700 and break below 47500. 5. BANK NIFTY OPEN ABOVE 47730 : Wait for a break above 48000. However any weakness at 48000 and break below 47700 is a sell. 6. BANK NIFTY OPEN BELOW 47270 : Sell any rally to 47400 - 47500. Tgt 47000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 APR 202429 APR 2024 WORLD MARKETS 1. US markets are consolidating with a negative bias. 2. Europe and Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 11. GIFT Nifty is indicating a 75 points uptick at 22490. This amounts to 48400 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. It has support at 1500. 1516 still remains a strong resistance. 2. ICICI Bank is very bullish. It has come up with very good result. But it has moved up quite a bit. 1100 remain a strong support. 3. Reliance is consolidating with a positive bias. 2880 remains a strong support. ANALYSIS 1. Indices have become very random and volatile. even though the trend is up, but the pull back are so violent that it has become difficult to hold on to intra day trades as stop loss are being hit frequently in spite of low VIX at 11. PLEASE TRADE WITH VERY LESS LOTS. TRADING PLAN 1. NIFTY OPEN BETWEEN 22360 - 22480 : no trade. 2.NIFTY OPEN ABOVE 22480: Wait for a consolidation and break above 22530 levels. 3. NIFTY OPEN BELOW 22360 : Buy any consolidation and break above 22400. Any weakness at 48300 can be sold into. 4. BANK NIFTY OPEN BETWEEN 48050 - 48375: NO TRADE. 5. BANK NIFTY OPEN ABOVE 48375 : Wait for a consolidation and break above 48500. However if the Bank Nifty after consolidation break below 48300, it will be a sell. 6. BANK NIFTY OPEN BELOW 48033: Sell any rally to 48300. However if it consolidate and break below 47930, then it will be a sell. Tgt 47600. 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 23 APR 202423 APR 2024 WORLD MARKETS 1. US markets are still bearish. Europe has pulled back and consolidating at 50 EMA while Asia is looking positive. INDIA VIX AND GIFT NIFTY. 1. India VIX today crashed 5.63% after facing resistance at 14 as explained. So we saw some bullish move today at the end of the session. One could have held on to their long position, but due to market uncertainty, I usually wait for a set up next morning and forgo the over night moves. 2. GIFT Nifty is indicating a flat opening for tomorrow. INDEX HEAVY WEIGHTS 1. HDFC Bank opened gap up but took resistance at 200 SMA and was down 1,25%. It has support at 1500, while 1522 is a resistance. If it sustain above 1522, again we can see a rally to 1550 levels. 2. ICICI Bank sustained above 1075 and closed at 1085. Again 1095 remains a strong resistance. 3. Reliance has come up with good result so It may gap open taking Nifty along with it. Have to see if there is going to be profit booking like HDFC Bank post result. ANALYSIS 1. We had discussed that indices shall remain positive. 2. Bank Nifty could have crossed 48000, but as you can see ICICI Bank and HDFC Bank moved in opposite direction through out the day till 1450 Hrs. So the rally in Bank Nifty was capped. BIG PLAYERS Managing Index. 3. Indices are bullish. Let us hope Bank nifty will see 48500 tomorrow. TRADING PLAN. 1. NIFTY OPEN BETWEEN 22290 - 22385 : Buy any dip to 22300. 2.NIFTY OPEN ABOVE 22390 : Buy any dip to 22300- 22320. 3.NIFTY OPEN BELOW 22290: Buy any consolidation and move above 22320. Sell any consolidation and move below 22200. 4.BANK NIFTY OPEN BETWEEN 48062 - 47780 : Buy any consolidation and move above 48100. 25.BANK NIFTY OPEN ABOVE 48070: Buy any dip to 48800 and move above 48100. However can accumulate at lower level. 6.BANK NIFTY OPEN BELOW 47780: Sell any consolidation and break below 48500. Buy any consolidation and move above 48000. 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 FEB 202416 APR 2024 WORLD MARKETS 1. All the world markets are trading with a negative bias. So we cannot expect too much support from World markets. But as of now US markets are trading in positive. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 12 indicating more downside risk. We can expect VIX to go upto 14. 2. We can expect a downside of another 1000 points in Bank Nifty and 250 points in Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned very negative. 1502 is a very strong resistance. If it decisively breaks 1495, we can see 1475 as the next target. 2.ICICI Bank is back in the range of 1075 - 1110. If It breaks 1072 decisively, then we can expect 1060. 3. Reliance was the only stock which prevented the fall of Nifty. It was however all over the place and did not give an opportunity for the bears to reach 22200. IT twins were down 1.5 % each. ANALYSIS 1. World Markets are negative but not bearish. 2. Index heavy weights have turned bearish. 3. However after a fall of 800 points in Bank nifty and 250 in Nifty we may expect a pull back tomorrow. But Any pull back to 22430 will be a sell in nifty and 48100 in bank nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 22318 - 22225 : Sell any rally to 22400 levels. Patiently wait. 2. NIFTY OPEN ABOVE 22318 : Sell any rally to 22430 and break below 22350. 3. NIFTY OPEN BELOW 22225 : Buy any move above 22300. 4.BANK NIFTY OPEN BETWEEN 47923 - 47625 : Sell any rally to 48100 and break below 47900. 5.BANK NIFTY OPEN ABOVE 47927 : Buy any consolidation and move above 48100. 6. BANK NIFTY OPEN BELOW 47620 : Any consolidation and move above 47750 is a buy tgt 48050. 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 12 APR 202412 APR 2024 WORLD MARKETS 1. World markets have turned negative. 2. US markets have turned slightly bearish. May be profit booking. 3. However Asia and Europe has also turned slightly bearish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is at it lowest at 11. Usually there will be a spike if it stays down for too long. 2. GIFT Nifty is indicating 62 points uptick at 22800. This amounts to 49200 for Bank Nifty. Last two three days any gap up has been sold into and then there will be consolidation and break out in the end of the day. INDEX HEAVY WEIGHTS 1. HDFC Bank is heading for 1520 which is a very good support. 2. ICICI Bank on the other hand is getting support at 1110. Any decisive break of 1110 will be bearish for short term for ICICI Bank as it will be back in the range of 1077 - 1110. 3. Reliance is clearly very choppy. It has no direction. ANALYSIS 1. US headline Inflation has come very bad and hopes of Interest rate cut has died down. So US markets has reacted to the same. 2. Uday Kotak Ex CEO of Kotak Bank has tweeted that we may see turbulence in world markets. 3. However Indian Indices are at all time high and looking very bullish on daily charts. Nifty may head towards 23160 levels if it decisively break 22775. Similarly Bank Nifty is looking at 49500 levels. Given that HDFC & ICICI Bank are bullish, we may get this target in this month only BUT WITH LOT OF VOLATILITY. 3.Third week of march the result season starts. So also first phase of election and exit polls. TRADING PLAN 1. NIFTY OPEN BETWEEN 22780 - 22720 : No Trade. 2. NIFTY OPEN ABOVE 222780 : Any dip to 22700 can be accumulated with strict stop loss. However buying can happen only above 22780 decisively. 3.NIFTY OPEN BELOW 22720: Wait for a consolidation and break below 22650. However short can be accumulated at repeated rejection at 22750. SL 22780. 4.BANK NIFTY OPEN BETWEEN 49100 - 48880: Any dip to 48800 and move above 48880 is an accumulation zone SL 48750. 5.BANK NIFTY OPEN ABOVE 49100: Any dip to 48900 is a buy. 6.BANK NIFTY OPEN BELOW 48880 : Any consolidation and break below 48750 is a sell but sell all rally to 48900. 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 09 APR 202408 Apr 2024 WORLD MARKETS 1. All the world Markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is up 2.5% at 11.6. However it is till below 12. 2. GIFT Nifty is indicating 70 points uptick at 22730. This amounts to 48800 for Bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has 1560 still as a strong resistance. 2. ICICI bank still has strong resistance at 1090. 3. Reliance has turned bullish and back in the range. 3025 is a strong resistance. 4. Tech stocks are consolidating with a negative bias. EVENTS 1. There is Inflation expectations of march to be declared in US. ANALYSIS 1. As expected Bank Nifty took a breather today due to HDFC Bank facing resistance at 1560. 2. However Nifty is up 172 points at 22666. 3. Indices are bullish and buy on dips will be a good strategy. TRADING PLAN 1. NIFTY OPEN BETWEEN 22620 - 22705 : Any dip to 22620 is a buy. 2. NIFTY OPEN ABOVE 22705 : Any dip to 22650 is a buy. 3.NIFTY OPEN BELOW 22620: Any move above 22670 is a buy. 4.BANK NIFTY OPEN BETWEEN 48500 - 48666 : Any dip to 48550 is a buy. 5.BANK NIFTY OPEN ABOVE 48670 : Any consolidation and break above 22750 is a buy. Any dip to 22580 is a buy. 6.BANK NIFTY OPEN BELOW 48500 : Any consolidation and move above 48600 is a buy. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED 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 APR 202405 APR 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. 2. Where as it seems Indian Markets are in its own trend ignoring world markets. INDIA VIX AND GIFT NIFTY 1. India VIX is down at 11 which is good for a bull market. But due to low volatility Nos VIX may spike in between to bring down the market to mean. 2. GIFT Nifty is indicating 50 points uptick at 22550 levels. This amounts to 48300 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned extremely bullish. It is aiming 1560 with a support at 1520. 2. ICICI Bank is consolidating with violent moves. ICICI Bank move was clearly Index management or else Bank Nifty would have shot up another 300 points. It is difficult to assign support and resistance when there are huge lower or upper tails in the candle. 3. Reliance is bearish. It has taken support at 2920 level. 4. It is the TCS which compensated for reliance which is up 1.4 %. ANALYSIS 1. welcome to bull market. 2. Market tend to be very volatile with frequent mean reversion. So ideal strategy will be to wait for a dip before going long and avoid chasing bull run. TRADING PLAN 1.NIFTY OPEN BETEEN 22602 - 22420 : Buy any dip to 22400. 2. NIFTY OPEN ABOVE 22602: Wait for a dip to 22500 levels. 3.NIFTY OPEN BELOW 22420: Accumulate all the dips in small qty. SL 22300. Aggressive buying only above 22500. 4.BANK NIFTY OPEN BETWEEN 48200 - 47900: Any dip to 47900 is a buy. 2.BANK NIFTY OPEN ABOVE 48200 : Wait for a dip to 48000. 6.BANK NIFTY OPEN BELOW 47900 : Any dip to 47800 and move above 47900 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