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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 16 OCT 202416 Oct 2024 WORLD MARKETS 1. US is looking bullish but is in over bought territory. 2. Europe is trading in a range. 3. Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 still high. Hence market is consolidating and refusing to move higher. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is expected to declare result on 18 Oct. So It is rallying before result. 1686 is a strong resistance. We may 1662 in next two session. 2. ICICI Bank has strong resistance at 1265. Any break of 1265 will be bullish with a tgt of 1280. 3. Reliance is bearish. 2750 is a strong resistance. ANALYSIS 1. From Nov onwards Bank Nifty will be out of weekly expiry. So we have to depend on monthly Bank nifty option charts. 2. Nifty has still have Weekly expiry. 3. So It will be better to get used to Nifty charts as the Bank Nifty weekly option traders may shift to Nifty weekly expiry. 4. However bank Nifty charts are still required to see its effect on Nifty. Also option sellers can effectively use monthly Bank Nifty chart. TRADING PLAN 1. NIFTY OPEN BETWEEN 25112 - 25000: No Trade. 2. NIFTY OPEN ABOVE 25112: Wait for a consolidation between 25050 - 25112 and break above 25120 decisively with strict SL. 3. NIFTY OPEN BELOW 25000: Wait for a consolidation and break below 24930 decisively. 4.BANK NIFTY OPEN BETWEEN 51798 - 52000: NO TRADE. 5.BANK NIFTY OPEN ABOVE 52000 : Wait for a consolidation and break above 52100 decisively. 6.BANK NIFTY OPEN BELOW 51800: Sell any rally to 52000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 OCT 202414 OCT 2024 WORLD MARKETS 1. World Markets all have turned bullish post consolidation. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating less volatility. GIFT Nifty is indicating 67 points Uptick at 25025 Levels. This amounts to 51350 Levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1630 levels in past two trading session. 2. ICICI Bank has turned bearish and has closed below 1228 levels. It has support at 1200 levels. 3. Reliance has resistance at 2765. This is a very strong resistance. We may see further downside in reliance. It has support at 2700 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24993 - 24934 : No Trade. 2. NIFTY OPEN ABOVE 24993: Sell any rally to 25100 levels. 3. NIFTY OPEN BELOW 24934: Wait for a consolidation and break below 24850 for taking short position. 4. BANK NIFTY OPEN BETWEEN 51000 -51323: No trade. 5. BANK NIFTY OPEN ABOVE 51323: Sell any rally to 51600 level and break below 51500 decisively. 6.BANK NIFTY OPEN BELOW 51000: Sell any rally to 51250 levels and break below 51100 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 11 OCT 202411 Oct 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 14 indicating bearishness. That is the reason option premium on call side was not raising. 2. GIFT Nifty is indicating 60 points downtick at 24940. This amount to 51350 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bullish. It has closed above 1662. It has a tgt of 1687. However it has become very choppy. 2. ICICI Bank is still consolidating with 1220 as a good support. 3. Reliance is bearish. It has resistance at 2775. ANALYSIS 1. As expected Nifty was range bound today. It has been range bound for past 2 days. 2. Reliance is bearish. ICICI Bank Consolidating with a bullish bias. HDFC Bank is choppy. TRADING PLAN 1. NIFTY OPEN BETWEEN 24996 - 25040 : No Trade. 2. NIFTY OPEN ABOVE 25040: Wait for a consolidation and break above 25100 decisively. 3. NIFTY OPEN BELOW 24996: wait for a consolidation and break below 24900 decisively. 4. BANK NIFTY OPEN BETWEEN 51700 - 51360: No Trade. 5.BANK NIFTY OPEN ABOVE 51700: Wait for a consolidation and move above 51900 decisively. 6. BANK NIFTY OPEN BELOW 51362 : Wait for a consolidation and break below 51150 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 10 OCT 202410 Oct 2024 WORLD MARKETS 1. US is consolidating with a positive bias. Asia and Europe is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 14 indicating more bearishness. 2. GIFT Nifty is indicating 130 point uptick at 25100. This amount to 51250 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed below 1640 indicating reversal of trend to bearish. It has support at 1620 level. 2. ICICI Bank is still holding on to 1220 level. 3. Reliance has turned bearish and has closed below 1250. ANALYSIS 1. RBI commentary and election result had momentary impact and the indices have closed in red loosing all the gains of the morning. 2.Call writers of Bank Nifty had fantastic profit . Nifty was however not that responsive. TRADING PLAN 1. NIFTY OPEN BETWEEN 25056 -24900: Sell any rally to 25100 and break below 24980. 2. NIFTY OPEN ABOVE 25056: Wait for a consolidation and break above 25250 decisively. However any dip to 25000 can be sold (Call Option 25000) 3.NIFTY OPEN BELOW 24900: Sell any rally to 25000. 4. BANK NIFTY OPEN BETWEEN 50800 - 51228: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51230: Wait for a consolidation and break below 51000 decisively. However any consolidation result in a break above 51500, then it is a buy. 6. BANK NIFTY OPEN BELOW 50800: Selling rally 51000. 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 OCT 202409 OCT 2024 WORLD MARKETS 1. US Markets are consolidating with a negative bias. 2. Europe and Asia is trading with a negative bias. Hangseng is down 9.4 % after a move of 37 % up move. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 14.5 and is still high. 2. GIFT Nifty is indicating 80 points uptick at 25090 levels. This amounts to 51200 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1650 indicating pull back may be in order to 1687. we had discussed it yesterday. 2. ICICI Bank is still indecisive with a bearish bias. 1228 is a good support. It has resistance at 1250 level. If it open above this, may be we may see further upside to 1279. 3. Reliance has made a bullish engulfing pattern at the crucial support level of 2775 level. We may see up move to 2856. ANALYSIS 1. Haryana result is out which was very important for the ruling dispensation. 2. However market was not in a mood to move higher due to RBI Policy tomorrow. 3. It is better to be cautious with a bullish bias. May be we can get a bull run tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 25930 - 25100 : NO TRADE. However24900 put can be sold for every dip to 25930 levels. 2.NIFTY OPEN ABOVE 25100: Sell 25000 put for any dip to 25000. 3. NIFTY OPEN BELOW 25930: Wait for a consolidation and break below 25830 decisively. 4.BANK NIFTY OPEN BETWEEN 50825 - 51216 : No Trade. 5.BANK NIFTY OPEN ABOVE 51216: Sell put option for any dip to 51000. 6.BANK NIFTY OPEN BELOW 50825: Wait for a consolidation and break below 50700 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 07 OCT 202407 Oct 2024 WORLD MARKETS 1. All the world markets are looking Bullish and are up 1% - 1.5%. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating increase in volatility. 2. GIFT Nifty is indicating 56 points uptick at 25050. This amounts to 51600 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has very good support at 1640 levels. 2. ICICI Bank has good support at 1200 - 1230. 3. Reliance has support at 2750 levels. we may see some bounce back from here. ANALYSIS 1. There is Haryana and J&K result on 08 oct 2024. This may affect Nifty on down side. 2. The market may look for dovish comment by RBI MPC meeting. 3. Finally we have result season for QE sep Starting next week. 4. So be ready for some volatility. Market may turn rangebound also for the next few days. 5. Because of high VIX option premium are trading at high value. TRADING PLAN: 1. NIFTY OPEN BETWEEN 24868 - 25155: NO TRADE. 2. NIFTY OPEN ABOVE 25155 : Wait for a consolidation and break below 25100 decisively. 3.NIFTY OPEN BELOW 24868: Sell any rally to 25000. 4. BANK NIFTY OPEN BETWEEN 51750 - 51200: Sell any rally to 51850 and break below 51700. 5. BANK NIFTY OPEN ABOVE 51750: Wait for a consolidation and break above 52100 decisively. If break down happen below 51700, it is a sell. 6.BANK NIFTY OPEN BELOW 51185: Sell any rally to 51500. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 OCT 2024.01 OCT 2024 WORLD MARKETS 1. US Markets are consolidating, while Europe and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 12 indicating increase in volatility. 2. GIFT Nifty is indicating a 68 point down tick at 25750. This amounts to 52800 for bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is bearish and it has support at 1720 levels. 2. ICICI Bank has good support at 1274.5. Any break of 1270 will be very bearish. 3. Reliance surprisingly down 3 % and is looking bearish. ANALYSIS 1. Nifty has next support at 25600. While Bank Nifty is still near 53000 and any move above 53200 can turn bank nifty bullish. 2. Bank Nifty expiry is tomorrow. So we may see a surprise up move. TRADING PLAN 1. NIFTY OPEN BETWEEN 25720 - 25900: Sell any rally to 25900. 2.NIFTY OPEN ABOVE 25900 : wait for a consolidation and break above 26000 decisively. 3.nifty open below 25720: Sell any rally to 25900. 4.BANK NIFTY OPEN BETWEEN 53200 - 52760: NO TRADE. 5.BANK NIFTY OPEN ABOVE 53200: Wait for a consolidation and break above 53350. However any dip can be used to sell 53000 put. 6. BANK NIFTY OPEN BELOW 52758: 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:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 30 SEP 202430 Sep 2024 WORLD MARKETS 1.World Markets are looking positive post The US Inflation data. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating decrease in volatility. Except Bank Nifty and FinNifty, Nifty is still bullish and holding on 26100 level. 2. GIFT Nifty is indicating 64 points downtick at 24289 which is confusing. So we can Ignore GIFT Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank saw rejection at 1790 levels which is all time high. We may see further consolidation between 1700 - 1790 levels before we can see an upside. 2. ICICI Bank has resistance at 1317 and support at 1270 levels. 3. Reliance on the other hand turned bullish and has closed above 3000 decisively. 3078 is a strong resistance. ANALYSIS 1. Nifty is holding only because of Reliance. If Reliance starts consolidating, then we may see down side in Nifty as Bank Nifty has turned negative for the short term. 2. Wednesday is holiday and hence Bank Nifty expiry is on Tuesday. So need to be careful as there will be drop in premium and market may go sideways. This may push Nifty higher if Reliance rally. TRADING PLAN 1. NIFTY OPEN BETWEEN 26214 - 26145 : No Trade. However 26100 put can be sold for any dip with strict stop loss. 2. NIFTY OPEN ABOVE 26214: Sell 26200 put for any dip to 26150 levels. 3. NIFTY OPEN BELOW 26142: Wait for a break below 26100 decisively. 4. BANK NIFTY OPEN BETWEEN 54000-53672: Sell any rally to 54000. 5. BANK NIFTY OPEN ABOVE 54000 : Wait for a consolidation and break below 54000 decisively. Bullish bets can be taken only above 54240 levels. 6.BANK NIFTY OPEN BELOW 53672: Sell any rally to 53900 -54000 levels. 53672 is 200 SMA level so need to be careful as we can expect a pull back to 54000 levels. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 25 SEP 202425 Sep 2024 WORLD MARKETS 1. World Market are looking bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 13 indicating increase in volatility. 2. GIFT Nifty is indicating a negative opening of 42 points downtick at 25890. This amounts to 53800 for Bank Nifty. INDEX HEAVY WEIGHTS 1. NIFTY OPEN BETWEEN 25900 - 25975 : STRICTLY NO TRADE. 2. NIFTY OPEN ABOVE 25970: Wait for a consolidation and Break above 26050 decisively. 3. NIFTY OPEN BELOW 25900: Wait for a consolidation and break below 25850. 5. BANK NIFTY OPEN BETWEEN 53870 - 54065: No Trade. 5.BANK NIFTY OPEN ABOVE 54062.: Wait for a consolidation and break above 54250 decisively. 6.BANK NIFTY OPEN BELOW 53870: Sell any rally to 54000. 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 SEP 202424 Sep 2024 WORLD MARKETS 1. All the World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13.7 indicating we may see a pull back in the near term towards 53500. 2. GIFT Nifty is indicating 90 points uptick at 26000. This amounts to 54300 for bank nifty. INDEX HEAVY WEIGHTS 1.HDFC Bank is very bullish. Tgt of 1795. 2. ICICI Bank has made an inside candle indicating indecisiveness. 3. Reliance has resistance at 3000. TRADING PLAN 1. NIFTY OPEN BETWEEN 25900 - 25967: Buy any consolidation and break above 26000 decisively. 2.NIFTY OPEN ABOVE 25967: Buy any consolidation and move above 26000 decisively. 3.NIFTY OPEN BELOW 25900: Sell any consolidation and break below 25900 decisively. 4.BANK NIFTY OPEN BETWEEN 54230 - 53974: Buy any dip to 53900. 5.BANK NIFTY OPEN ABOVE 54230: Wait for a dip to 54100 6. BANK NIFTY OPEN BELOW 53979: Wait for a consolidation and break below 53850 decisively. However if the Bank nifty move above 54100 post consolidation, 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 20 SEP 202420 Sep 2024 WORLD MARKETS 1. World markets are extremely bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more bullishness. 2. GIFT Nifty is indicating a 63 points uptick at 25475. This amount to 53200 for Bank nIfty. INDEX HEAVY WEIGHTS 1. HDFC Bank is extremely bullish. Next Tgt is at 1721. 2. ICICI Bank is also bullish. 3. Reliance however is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 25345 - 25484: No Trade. 2. NIFTY OPEN ABOVE 35485: Wait for a consolidation between 25450 - 25000 and wait for a breakout. 3.NIFTY OPEN BELOW 25345: Sell any rally to 25400. BANK NIFTY OPEN BETWEEN 53175 - 52898: NO TRADE. 5.BANK NIFTY OPEN ABOVE 53200 : Wait for a consolidation and break above 53200 decisively. 6.BANK NIFTY OPEN BELOW 52898: Wait for a consolidation. If break down happen below 53800 sell. If Break out happen above 53100, 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 26 AUG 202426 Aug 2024 WORLD MARKETS 1. All the world markets have turned bullish. This may be due to an anticipation of Fed cutting interest rate by 50 bps in the next fed meeting. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more bullishness. 2. GIFT Nifty indicating 105 points uptick at 24930. This amounts to 51200 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is still in a range of 1615 - 1640. 2. ICICI Bank is bullish and has support at 1193. 1217 is a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 24800 - 24840: No trade. 2. NIFTY OPEN ABOVE 24850: Buy any dip to 24800. 3.NIFTY OPEN BELOW 24840: Wait for a move above 24900. 4.BANK NIFTY OPEN BETWEEN 51860 - 51005 : No Trade. 5. BANK NIFTY OPEN ABOVE 51005: Wait for a consolidation and break above 51200 decisively. 6. BANK NIFTY OPEN BELOW 51860: Wait for a consolidation and break below 51750 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 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