PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 JAN 202415 Jan 2024
HELLO EVERYONE . SORRY I WAS ON A 10 DAY ROAD TRIP SO COULD NOT POST.
WORLD MARKETS
1. US is consolidating with a bullish bias.
2. Europe is looking neutral with a bearish bias.
3. Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is @13 indicating continuation in volatility.
2. GIFT Nifty is indicating. a muted start to the indices.
INDEX HEAVY WEIGHTS
1. HDFC Bank is in a down trend for the past 7 days. 1621 is a good support. Any break of this may drag the stock to 1590 levels.
2. ICICI Bank on the other hand was in down trend and has consolidated and trying to make an up move. 1003 is still a strong resistance.Any break of this may give an up move till 1024 levels.
3. Reliance on the other hand is on a bull run and has gained 60 points in last three sessions.
ANALYSIS
1. Result season has kicked in and today is Jio financial services result. So itwill have an impact on Nifty.
2. Tomorrow is HDFC Bank result. We may see some volatility in Bank Nifty Index today and tomorrow.
3. However both the indices are looking extremely bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 21952 AND 21835 : Buy any dip to 21775 levels and move above 21835.
2. NIFTY OPEN ABOVE 22011 : Buy any consolidation at 22000 levels and then a breakout. 22000 is a crucial level. Do not buy the first break out.
3.NIFTY OPEN BELOW 21775 : Wait for a move above 21835.
4. BANK NIFTY OPEN BETWEEN 47840 - 47575 : No Trade.
5. BANK NIFTY OPEN ABOVE 47843 : Wait for a consolidation and break above 47900 decisively with volume.
6. BANK NIFTY OPEN BELOW 47575. : Wait for a break below 47450 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.
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PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 09 JAN 202409 JAN 2023
WORLD MARKETS
1. World Markets are trading with a negative bias.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX has shot up 7% to 13.5 resulting in a 700 point down tick for Bank Nifty and 200 points downtick for Nifty.
2. GIFT Nifty is indicating a positive start of 60 points.
INDEX HEAVY WEIGHTS
1. HDFC Bank is trading with a negative bias.1650 is a good support, any break of 1650 will be negative.
2. ICICI Bank is trading with a negative bias. 965 is a good support.
3. Reliance is consolidating with a positive bias.
ANALYSIS
1. The fall is mainly due to all the banking stock cracking support levels and trading in negative.
2. This trend may continue for few more days. We may get some rally which can be sold into.
TRADING PLAN.
1.BANK NIFTY OPEN BETWEEN 47665 - 47220 : Sell Any rally to 47665.
2. BANK NIFTY OPEN ABOVE 47665 : Wait for a break above 47850 - 47900 levels.
3. BANK NIFTY OPEN BELOW 47220 : Sell any rally to 47600 levels.
4. NIFTY OPEN BETWEEN 21587 - 21438 : Sell any rally to 21600.
5. NIFTY OPEN ABOVE 21600: Wait for. break above 21700.
6. NIFTY OPEN BELOW 21365 : Wait for a break below 21260.
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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 03 JAN 202403 JAN 2024
WORLD MARKETS
1. S&P and NASDAQ has started with a gap down with a negative bias.
2. Europe is trading with a negative bias, while Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is looking bullish which means we have more down side to market.
2. GIFT NIFTY is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank has a strong sp at 1690. Any break of this decisively will be bearish for Nifty and Bank Nifty.
2. ICICI Bank has strong resistance at 993 any consolidation and move below it will be bearish. However if 995 sustain, then Indices may become bullish.
3. Reliance is looking very bullish.
ANALYSIS
1. Nifty is consolidating and holding only because of Reliance and HDFC bank.
2. Bank Nifty on the other hand has decisively broken 48000. Now 47900 is a strong resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 21600 -21721: No trade.
2. NIFTY OPEN ABOVE 21721 : Wait for a consolidation and break below 21650.
3.NIFTY OPEN BELOW 21600 : Sell Any rally to 21650.
4.BANK NIFTY OPEN BETWEEN 47900 - 47600 :Sell any rally to 48000 and break below 47900.
5. BANK NIFTY OPEN ABOVE 47900 : Sell Any rally to 48000 and break below 47900.
6. BANK NIFTY OPEN BELOW 47600 : Sell any raslly to 47700.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS FO NIFTY AND BANK NIFTY FOR 28 DEC 202328 DEC 2023
WORLD MARKETS
1. World markets are looking bullish. It seems the world markets is in a bull run before the end of 2023.
INDIA VIX AND GIFT NIFTY
1. India VIX is at a high almost reaching 16. This is very high. We may see some retracement and it means a downside in the market.
2. GIFT Nifty indicates a 37 points up tick at 21685.
This amounts to 48300 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bullish. It is almost hitting all time high.
2. ICICI Bank has taken support at 200 EMA and daily chart and has turned bullish.
3. Reliance is again trying to break the all time high.
ANALYSIS
1. All the indices are looking bullish but they are over stretched.
2. Nifty and Bank Nifty is bullish and all index heavy weights are looking bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 21700 -21600 : Buy any dip to 21600 .
2. NIFTY OPEN ABOVE 21700 : Buy any dip to 21600.
3. NIFTY OPEN BELOW 21600 : Sell ay consolidation and break below 21550.
4. BANK NIFTY OPEN BETWEEN 48433 - 48134 : Buy any dip to 48134.
5. BANK NIFTY OPEN ABOVE 48431 : Wait for a dip before buying. The dip can be till 48300 levels.
6. BANK NIFTY OPEN BELOW 48134 : Sell any consolidation and break below 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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY26 DEC 2023 WISHING A MERRY CHRISTMAS TO ALL.
WORLD MARKETS
1. All the world markets are looking bullish but are consolidating with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 13.7 which is down from 14.3 levels.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank has made an inside candle which indicates indecision/ consolidation with a bullish bias.
2. ICICI Bank has retraced upto 200 EMA on daily chart . It has support at 977- 982 levels.
3. Reliance is consolidating for the past five days and it is looking bullish.
ANALYSIS
1. Indices have retraced to around 23.8 %. We may see some consolidation before a directional move can be expected.
2. Also due to long week end and New year, the indices may not react much and volumes may be low.
3. So better to trade cautiously.
4. 21000 seems to be a good sp for Nifty and 46900 the recent low seems to be the support for bank nifty.
TRADING PLAN
1.NIFTY OPEN BETWEEN 21300 - 21400 : Buy any dip to 21300 and move above 21325.
2.NIFTY OPEN ABOVE 21400 : Buy any dip to 21350.
3.NIFTY OPEN BELOW 21300 : Sell a consolidation and break below 21265.
4.BANK NIFTY OPEN BETWEEN 47300 - 47700 : Sell any rally to 47700 and break below 47650.
5. BANK NIFTY OPEN ABOVE 47700 : Buy any consolidation above 47700. SL 47600.
6. BANK NIFTY OPEN BELOW 47300 : Sell Any rally to 47500.
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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 06 DEC 202306 DEC 2023
WORLD MARKETS.
1. World Markets are looking extremely over bought.
INDIA VIX AND GIFT NIFTY.
1. India VIX is above 200 SMA. Any increase in VIX may result in a consolidation and pull back of indices.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS.
1. HDFC Bank is extremely over bought. We may see some pull back to 1580 levels which is a very good support.
2. ICICI Bank has broken all time high. So it is looking very bullish. It has still some steam left.
3. Reliance is bullish but is consolidating. Buy on Dips will be a good idea.
ANALYSIS
1. Indices are extremly over bought. Nifty has risen 600 points whereas the Bank nifty has risen almost 1800 points in two days.
2. I will be very careful going long but going short is not a good idea. It is better to wait for a pull back and then buy on dips.
TRADING PLAN
1.NIFTY OPEN BETWEEN 20900 - 20800 : Buy any dip to 20770 levels.
2.NIFTY OPEN ABOVE 20900 : Wait for a consolidation and break out above 20950.
3. NIFTY OPEN BELOW 20800 : Wait for a consolidation and break below 20750.
4. BANK NIFTY OPEN BETWEEN 46855 - 47170 : Wait for a break out above 47170.
5.BANK NIFTY OPEN ABOVE 47170 : Buy any consolidation at 47000 - 47100 and break out above 47170.
6. BANK NIFTY OPEN BELOW 46855 : Wait for a consolidation and break down below 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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 05 DEC 202305 Dec 2023
WORLD MARKETS
1. All the World Markets are looking bullish and positive.
2. However Nikkei has turned negative for the short term.
INDIA VIX AND GIFT NIFTY
1. India VIX has reached 13 which is important. Any reversal in the VIX in Future will result into a bull run for the market.
2. GIFT Nifty is indicating 56 points uptick at 20720 levels. This amounts to 46550 levels for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is at crucial 1603 Mark which is 200 SMA. I feel that there will be some consolidation at this level before it moves higher. 1573 is a very good sp.
2. ICICI Bank is looking at all time high of 1009.
3. Reliance is above 2415 which is a very good sp.
ANALYSIS
1. The RBI rate cycle is peaking out. Similarly the US Fed is also Talking of peaking out in Interest Rate.
2. The RBI in the up coming RBI Meet may keep the Repo rate constant since inflation tgt has not reached the RBI comfort zone.
3. With the election results which has come, the market may see the present govt at centre may come back indicating stability and continuation of govt economic policy.
3. This is a good time to start investing in GOOD STOCKS.
4. However index may pull back in very short term which is quite normal. But Market has turned bullish.
5. It is better to wait for a pull back before going long in indices.
TRADING PLAN
1. NIFTY OPEN BETWEEN 20635 - 20745 : Any dip to 20600 is a Buy.
2.NIFTY OPEN ABOVE 20750 : Wait for a consolidation between 20700 - 20750 for a break out.
3.NIFTY OPEN BELOW 20635 : Wait for a consolidation and break below 20500.
4.BANK NIFTY OPEN BETWEEN 46160 - 46700 : Buy any dip to 46060 - 46100.
5.BANK NIFTY OPEN ABOVE 46700: Wait for a consolidation between 46400 - 46700 and break above 46720. Also Any dip to 46300 and move 46400 is a buy.
6. BANK NIFTY OPEN BELOW 46135 : Wait for a consolidation and break below 45700.
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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 30 NOV 202330 Nov 2023
WORLD MARKETS
1. US and Europe are looking bullish but over bought. Asia is looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is nearing 13 indicating increase in euphoria. It is time to be cautious.
2. GIFT Nifty is indicating a flat opening. This is expected after a 200 point move in Nifty.
INDEX HEAVY WEIGHTS
1.HDFC Bank has resistance at 1571 level which is 200 EMA. Good sp is seen at 1540 levels.
2. ICICI Bank has turned bullish. It has good sp at 930 and resistance can be seen at 950 levels.
3. Reliance is above 200 EMA and is looking bullish.
ANALYSIS
1. After 200 points move in Nifty and 700 points move in bank nifty, we may see some consolidation and choppiness.
2. ICICI Bank and Reliance is looking bullish. So it is better to trade individual stocks than Indices.
3. As far as indices are concerned, Buy on dips will be a good strategy. Patiently wait for a dip. Nifty has broken above 20000 and Bank Nifty above 44200 levels.
TRADINGPLAN
1.NIFTY OPEN BETWEEN 20135 - 20050 : Any dip to 20000 is a buy.
2. NIFTY OPEN ABOVE 20135 : Wait for a consolidation and break above 20180.
3.NIFTY OPEN BELOW 20050 : Sell Any consolidation and break below 19950.
4.BANK NIFTY OPEN BETWEEN 44735 - 44400 : Buy any dip to 44300 and move above 44400.
5.BANK NIFTY OPEN ABOVE 44735 : Buy any dip to 44400.
6.BANK NIFTY OPEN BELOW 44400 : Sell any consolidation and break below 44200.
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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 10 NOV 202310 Nov 2023
WORLD MARKETS
1. US Markets are consolidating with a negative bias.
2. Europe and Asia is very choppy with a negative bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating decrease in volatility. Hence markets are rangebound.
2. GIFT Nify is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is consolidating with a negative bias. 1503 is still a strong resistance. 1475 is a strong support.
2. ICICI Bank is choppy between 950 - 930. Any break of these levels will give directional move to ICICI Bank.
3. Reliance has resistance at 2330 and support at 2290. Any break of these levels will give directional move to Nifty.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19370 -19420 : Sell Any rally to 19450 and fall below 19400.
2. NIFTY OPEN ABOVE 19420 : Consolidation and any break above 19450 is a buy.
3. NIFTY OPEN BELOW 19370 : Sell Any rally to 19400 or any break below 19370 is a sell.
4.BANK NIFTY OPEN BETWEEN 43590 -43780 : Any dip to 43590 and move above 43700 is a buy.
5.BANK NIFTY OPEN ABOVE 43780 : Any break above 44020 is a buy. Sell Any rally to 44000 and break below 43900.
6. BANK NIFTY OPEN BELOW 43590. : Sell Any rally to 43700 and break below 43590.
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.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 19 OCT 202319 OCT 2023
WORLD MARKETS
1. US markets are looking bearish and all indices are trading in red.
2. Europe has closed 1 % down. Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX has increased due to isreal conflict.
2. GIFT Nifty is indicating 65 points down tick at @ 19620. This amounts to 200 points down tick at 43700 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank was trading in a range between 1542 - 1513. 1500 is a good sp, if it break this next tgt is 1495. 1526 is a strong resistance. Bullish bet can be taken above 1555.
2. ICICI Bank: 940 is a strong sp. Any break of 935 is bearish. 955 is a strong resistance.
3. Relaince has strong sp at 2314. 2340 is a strong resistance. Any break above 2370 is bullish.
ANALYSIS
1. Market is getting affected due to Isreal conflict escalating. This may have effect on Crude oil prices. This will have rippling effect on inflation.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19718 -19620: Sell any rally to 19750.
2. NIFTY OPEN ABOVE 19718: Wait for a break out above 19850.
3. NIFTY OPEN BELOW 19620 : Sell any rally to 19650 and break below 19600.
4.BANK NIFTY OPEN BETWEEN 44050 - 43750 : Sell any rally to 44200 and break below 44050.
5. BANK NIFTY OPEN ABOVE 44050: Wait for a break above 44200.
6. BANK NIFTY OPEN BELOW 43750: Sell any rally to 43900. Any break below 43600 can be sold into.
DISCLAIMER
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 HOLD NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 18 OCT 202318 Oct 2023
WORLD MARKETS
1. US has become choppy with a bullish bias.
2. Asia and Europe is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 and GIFT Nifty is indicating flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. It can turn bullish above 1552 decisively.1532 is a strong sp. It may remain range bound tomorrow. Any move below 1529 is bearish.
2. ICICI Bank has strong sp at 952. It can turn bullish above 960.
3. Relaince will be bullish above 2361. Any move below 2345 is bearish.
ANALYSIS
1. Gap down and Gap up has become a norm.
2. Daily expiry on Mon, Tue, wed and Thu has resulted in gap up and gap dn with a rangebound move the whole day.
3. This will be a difficult market for intraday traders. This may have been done to minimise speculative trading. Patience is the key to trade this market. It is better to avoid trading if markets gap open 200 - 300 points in Nifty and 100 points in bank nifty.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19832 -19790: Any dip to 19790 is a buy.
2. NIFTY OPEN ABOVE 19832: Wait for a break out above 19850
3.NIFTY OPEN BELOW 19790 : Any move above 19800 is a buy. Any breakdown below 19730 is a sell.
4. BANK NIFTY OPEN BETWEEN 44482 - 44344: Buy any dip to 44350.
5.BANK NIFTY OPEN ABOVE 44482: Wait for a break out above 44575.
6. BANK NIFTY OPEN BELOW 44344: Wait for a break below 44270 levels.
DISCLAIMER.
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR EGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLD NO LIABLITY FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 13 OCT 202313 OCT 2023
WORLD MARKETS
1. US markets are looking neutral to bullish. Europe is mixed. Asia looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11. GIFT Nifty is indicating 126 points down tick at 19570 levels. This amounts to 44300 levels for bank nifty. This looks a bit far fetched. May be due to FII selling happening continuously or market may be consolidating before the index heavy weight HDFC Bank result on saturday.
2. we have to see how far isreal conflict escalate.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. 1555 is a strong resistance. Next resistance is at 1568. 1540 is a good sp. Any break below 1538 will be bearish.
2.ICICIC Bank is consolidating with a bullish bias. 955 is a strong resistance. Break of 955 is bullish for a tgt of 970. 948 is a strong sp. Break of 948 is bearish.
3. Relaince has turned bullish. Next tgt is 2387. 2328 is a strong sp. Beak of it will be 2300.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19810 - 197775 : Noaction to be taken.
2.NIFTY OPEN ABOVE 19810 : Wait for a break out above 19850.
3. NIFTY OPEN BELOW 19775: Wait for break down below 19750.
4. BANK NIFTY OPEN BETWEEN 44650 - 44550 : No action.
5.BANK NIFTY OPEN ABOVE 44650 : Wait for a break above 44700.
6. BANK NIFTY OPEN BELOW 44550 : Wait for a break below 44400.
7.BANK NIFTY OPEN BELOW 44300 : Sell Any rally to 44500.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR INFORMATION PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY. THE AUTHOR IS NOT LIABLE FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 12 OCT 202312 oct 2023
WORLD MARKETS
1. US and Asia is looking neutral to bullish while Asia is looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating a reduction in volatility.
2. GIFT Nifty is indiacating 20 points down tick now at 19790 and bank nifty at 44450.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. It has crossed 1535 which is a strong resistance. Next Tgt is 1561. Sp can be seeen at 1535.
2. ICICI Bank has taken rejection at 960 which is 20 SMA. It has made a shooting star. It has sp at 950.
3. Reliance has made a bullish candle. 2335 is a good sp. 2367 is a strong resistance.
ANALYSIS
1. Gift Nifty is indicating a flat to negative opening.
2. TCS has come up with a good result which may lift Nifty. But Bank Nifty may remain range bound awaiting HDFC Bank result on saturday.
TRADING PLAN
NIFTY OPEN BETWEEN 19833 - 19788 : Buy any break out above 19850.
NIFTY OPEN ABOVE 19833 : Buy any dip to 19800 and move above 19850.
3. NIFTY OPEN BELOW 19780: Wait for a break below 19750.
4.BANK NIFTY OPEN BETWEEN 44600 - 44435 : Buy any dip to 44450.
5.BANK NIFTY OPEN ABOVE 44600 : Buy only a confirmed break out above 44700.
6. BANK NIFTY OPEN BELOW 44430 : Short position can be taken only below 44300.
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 HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 11 OCT 202311 OCT 2023
WORLD MARKETS
1. US market is bullish whereas Europe is neutral to bearish and Asia is mixed.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 indicating volatility is still high.
2. GIFT Nifty as of now is indicating 43 points uptick at 19730 levels and Bank Nifty at 44500 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank still has a strong resistance at 1526. Next resistance will be 1529 -1533. It will become fully bullish only above 1535. 1521 is still a strong sp.
ICICI Bank has turned bullish. 955 is still a strong resistance. 944 still remains a strong sp. However it is very bullish.
3. Reliance has strong sp at at 2290. 2315 is a strong resistance, break of it willbe very bullish. 2322 is a strong resistance.
ANALYSIS
1. World markets are looking mixed.
2. Indices are looking bullish.
3. Brent crude is still below 90 dollar.
4. However earnings of TCS, HDFC Bank will be there this week and market may turn cautious before the earnings.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19730 - 19645 : Any dip to 19650 is a buy. Sell on rally is not an option.
2. NIFTY OPEN ABOVE 19730 : Wait for a break out above 19770.
3.NIFTY OPEN BELOW 19650 : Wait for a break down below 19600.
4.BANK NIFTY OPEN BETWEEN 44495 - 44228: Any dip to 44200 is a buy.
5. BANK NIFTY OPEN ABOVE 44495 : WAIT FOR A CONSOLIDATION AND BREAK ABOVE 44600.
6. BANK NIFTY OPEN BELOW 44228 : Wait for a break below 44080.
NOTE : MARKET HAS MOVED TODAY. TOMORROW IS EXPIRY FOR BANK NIFTY. MARKET MAY REMAIN RANGE BOUND.
DISCLAIMER
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 TRADER TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 OCT 202304 Oct 2023
WORLD MARKETS
1. World markets are completly bearish. All the world markets are down 1.5 -2.5 %.
INDIA VIX AND GIFT NIFTY
1. India VIX @11.7 is indicating high volatility. GIFT Nifty is indicating 75 points down tick @19450. This amounts to 44200 in Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank and ICICI bank is down 1.0 %. They are looking bearish.
2. HDFC Bank has turned bearish. Any break of 1500 is very bearish.
3. ICICI Bank has sp at 937. Any break of 937 is bearish.
3. Reliance is looking very bearish.
ANALYSIS
1. 1. World markets are bearish.
2. INDIA VIX is trying to break 12 indicating increased volatility.
3. However Everyday Indian indices are gapping down and for the full day it trade in a range.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19569 - 19590 : Sell Any rally to 19600.
2. NIFTY OPEN ABOVE 19565 : Wait for a break out above 19600.
3.NIFTY OPEN BELOW 19490 : Sell any rally to 19500.
4.BANK NIFTY OPEN BETWEEN 44480 - 44313 :Sell any rally to 44500.
5.BANK NIFTY OPEN ABOVE 44500 : Wait for a break out above 44600.
6. BANK NIFTY OPEN BELOW 44200 : Sell any rally 44300.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERIES. THE AUTHOR OF THIS ARTICLE IS NOT RESPONSIBLE FOR ANY TRADE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 28 SEP 202328 Sep 2023
WORLD MARKTS
1. All the world markets have turned red. while they look bearish they are oversold.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 11 @11.5 indicating increased volatility.
2. GIFT Nifty is indicating 43 points down tick at 19650 levels. This amounts to 44500 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank has strong resistance @ 1530 - 1535. Bullish bets can be taken above 1530 and fully bullish above 1535. Any move below 1520 is bearish.
2. ICICI Bank has resistance at 950. 940 is a strong support. Any move below is bearish.
3. Reliance has made a bullish candle. Need to see whether it will sustain. 2360 is a strong sp and 2378 is a strong resistance.
ANALYSIS
1. World markets have turned bearish.
2. Indices has made a pullback. we have to see whether it will sustain.
TRADING PLAN
NIFTY OPEN BETWEEN 19762 - 19670 : Any dip to 19650 is a buy. Any weakening @ 19760 and move below 19700 is a sell.
2. NIFTY OPEN ABOVE 19760 : Wait for a consolidation at 19760 - 19800 and buy the breakout.
3. NIFTY OPEN BELOW 19660 : Wait for a break down below 19620 and then sell.
4.BANK NIFTY OPEN BETWEEN 44725 - 44453 : Any move to 44800 is a sell. Any dip to 44450 and move above 44550 is a buy.
5. BANK NIFTY OPEN ABOVE 44725 : Wait for a consolidation and breakout above 44750.
6. BANK NIFTY OPEN BELOW 44450 : Any rally to 44600 and break below 44500 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 QUERY. THE AUTHOR IS NOT LIABLE FOR ANY TRDAE TAKEN BY THE READER.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 22 SEP 202322 Sep 2023
WORLD MARKETS
1. US and Europe are trading with a bearish bias.
2. Asia is bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating lower volatility.
2. GIFT nifty is indicating 68 points down tick at 19680 levels. This amounts to 44400 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank still look bearish, but a pullback may be expected. It is taking sp at 1520 - 1535. 1565 is a strong resistance. Bullish bets can be taken only above 1570. Bearish bets can be taken only below 1520 levels.
2. ICICI Bank has turned bearish. 970 is a strong resistance. Bulish bets can be taken only above 975. 950 is a good sp. Any break of 950 is bearish.
3. Reliance is bearish. 2400 is a strong resistance. 2360 is a strong support. Any break of 2355 is a sell.
ANALYSIS
1. Index heavy weights are looking bearish.
2. Asia has turned bearish. Nifty has good support at 19400. The last swing low was at 19200. The swing low for bank nifty is at 44000.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19780 - 19700 : Any rally to 19800 - 19820 and fall below 19780 is a sell. 19700 is the tgt.
2. NIFTY OPEN ABOVE 19780 : Any decisive move above 19820 is a buy for a tgt of 19900.
3. NIFTY OPEN BELOW 19700: Any rally to 19720 and fall below 19700 is a sell.
4.BANK NIFTY OPEN BETWEEN 44813 - 44437 : Any rally to 44800 is a sell. Any consolidation between 44450 -44400 is a buy for a tgt of 44800.
5.BANK NIFTY OPEN ABOVE 44800 : Any decisive move above 46000 is bullish. However any pull back from 46000 and fall below 44900 is a sell.
6.BANK NIFTY OPEN BELOW 44435 : Any rally to 44500 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 QUERY. THE AUTHOR HAS NO LAIBILTY FOR ANY TRADES TAKEN BY THE READER.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 SEP 202321 Sep 2023
WORLD MARKETS
1. World markets are consolidating ahead of Fed rate decision. However the US indices are trading in the green.
INDIA VIX AND GIFT NIFTY
1. India VIX is still at 11 with a slight increase. GIFT Nifty is indicating 65 points uptick at 19960 levels. This amounts to 45600 levels for bank nifty.
INDEX HEAVY WEIGHTS
1.HDFC Bank is battered. 1575 will be a strong resistance. It can turn bullish only above 1600.
2. ICICI bank is trying to be bullish. however it could not break 996 levels. 990 is a strong resistance. It can turn bullish only above 996.
3. Reliance is heading towards 2290 levels. Any rally to 2420 is a sell. It can turn bullish above 2452 only.
ANALYSIS
1. The fall in the indices is mainly due to HDFC Bank and reliance.
2. Markets are waiting for a fed rate decision. If the Fed holds the interest rate, then the market may rally.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19950 - 19850 : Any rally to 20000 and fall below 19950 is a sell.
2.NIFTY OPEN ABOVE 19950 : Any break of 20050 will be bullish.However any break below 19950 will be bearish.
3.NIFTY OPEN BELOW 19850 :Any rally to 19950 - 20000 is a sell.
4. BANK NIFTY OPEN BETWEEN 45250 - 45500 :Any rally to 45600 and break below 45500 is a sell.
5. BANK NIFTY OPEN ABOVE 45500 : Any decisive break of 45700 is a buy. However any rejection of 45650 is a sell.
6. BANK NIFTY OPEN BELOW 45250: Any rally to 45400 and fall below 45250 is a sell.
DISCLAIMER
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FIANACIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR HAS NO LIABILITY FOR ANY TRADE TAKEN BUY YOU.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 09 SEP 202308 Sep 2023
What a rally after the break of 44620. Anyone who followed the levels as per yesterday must be smiling. Almost 300 points in 44500 CE.
WORLD MARKETS
1. World markets are looking neutral to choppy..
2. Actually India is not following world markets at all. It has turned bullish now.
INDIA VIX AND GIFT NIFTY.
1. India VIX is at 10.9 which is below 11 and bullish.
2. GIFT Nifty is showing a flat opening.
INDIEX HEAVY WEIGHTS
1.HDFC Bank as predicted gave a rally post the break out of 1604 levels. The next tgt is 1628 levels. Any dip in HDFC Bank is a buy.
2. ICICI Bank on the other hand is still in a range. Today it supported the rally by moving from the bottom end of the range upwards.
3. Reliance is turning bullish but is still consolidating. Any move above 2456 is bullish. 2400 still remains a strong support.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19777 - 19680 : Buy any dip to 19680 levels.
2. NIFTY OPEN ABOVE 19780: Wait for a breakout above 19835.
3. NIFTY OPEN BELOW 19680: Wait for a breakdown of 19500 levels.
4. BANK NIFTY OPEN BETWEEN 45020 - 44720: Buy any dip to 44700 levels.
5. BANK NIFTY OPEN ABOVE 45020 : Buy any consolidation between 44900 - 45020 and further breakout.
6.BANK NIFTY OPEN BELOW 44720: Wait for a breakdown of 44600 levels.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY.PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR BEFORE TAKING ANY TRADE. THE ORIGINATOR OF THIS ARTICLE WILL NOT BE RESPONSIBLE FOR ANY TRADE TAKEN BY YOU.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 05 SEP 202305 Sep 2023
WORLD MARKETS
1. S&P and NASDAQ are trading with a bullish bias, while DJI is neutral.
2. Asia and Europe is mixed with Europe trading in a range and Asia neutral to bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 11 indicating less fear and volatility.
2. GIFT Nifty is indicating 15 points down tick at at 19500 levels. This amounts to 44500 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. 1585 is still a strong resistance. Any break of it will be bullish for a tgt of 1593 levels. Anybreak of 1578 is bearish.
2. ICICI bank has strong resistance at 970. 960 is a strong support. Any break of 970 will be very bullish for a tgt of 975.
3. Reliance is taking sp at 2400 for the past 3 days. Any break of 2400 is bearish for a tgt of 2350. Bullish bets can be taken above 2460 levels.
ANALYSIS
1. India VIX is below 11 indicating less fear and volatility.
2. World markets are trading neutral to bullish.
3. Index heavy weight HDFC bank and ICICI bank is bullish while Reliance and ITC is bearish
TRADING PLAN
1. NIFTY OPEN BETWEEN 19560 - 19500 : Any dip to 19500 is a buy. Any break of 19460 is bearish.
2. NIFTY OPEN ABOVE 19560: Wait for consolidation between 19560 - 19530 and a break out. Tgt 19650.
3.NIFTY OPEN BELOW 19500: Any break of 19460 is bearish for a tgt of 19400.
4.BANK NIFTY OPEN BETWEEN 44670 - 44480: Any dip to 44500 is a buy provided it consolidate at 44500.
5. BANK NIFTY OPEN ABOVE 44670: Any dip to 44600 is a buy. Tgt 44925.
6.BANK NIFTY OPEN BELOW 44480: Any rally 44500 and break below 44480 is a sell for a tgt of 44220.
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 ORIGINATOR OF THIS ARTICLE WILL NOT BE RESPONSIBLE FOR ANY DECISON TAKEN BY YOU IN TRADING.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 SEP 202301 Sep 2023
WORLD MARKETS
1. World markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12 indicating resumption of volatility.
2. GIFT Nifty is indicating 50 points down tick at 19200. This amounts to 44000 level for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC BANK : HDFC Bank has taken sp at 1566. Any break of 1566 give us 1560 -1551. Any gap up above 1584 is bullish.
2. ICICI Bank traded in a range 965-955. Any break above 965 is a bullish sign. 950 is a strong sp. However any reversal from 965 will be bearish.
3. Reliance is at crucial sp of 2400 -2375. It can turn bullish above 2437.5. Any rally to 2420 and reversal is a sell tgt 2400.
ANALYSIS
1. Wold markets are positive and bullish. Indian indicies are bearish. Nifty is at crucial sp of 19200. If it break it, next tgt will be 19000. Bank Nifty is also bearish and heading towards 43000 levels.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19300 - 19208 LEVELS.: Any rally to 19325 and break below 19300 is a sell.
2. NIFTY OPEN ABOVE 19300 : Any decisive break out from 19325 is a buy.
3. NIFTY OPEN BELOW 19200 : Any rally to 19220 is a sell.
4.BANK NIFTY OPEN BETWEEN 44130 - 43850 : Any rally to 44130 - 44200 is a sell.
5. BANK NIFTY OPEN ABOVE 44130: Any break of 44360 is a buy.
6. BANK NIFTY OPEN BELOW 43852: Any rally to 44000 is a sell. Tgt 43700.
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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 AUG 202328 Aug 2023
WORLD MARKETS
1. US markets are consolidating with a bearish bias.
2. Europe is looking bearish.
3. Asia is consolidating with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 12 indicating continuation of trend which is downtrend.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish.1568 is a strong resistance. Bullish view can be taken above 1572. Any break of 1556 will be bearish for a tgt of 1543.
2. ICICI Bank is looking bullish. Any break of 974 and 977 will be bullish. Break of 964 will be bearish. Tgt 958.
3. Reliance has turned bearish. 2486 is a strong resistance. Bullish bets can be taken above 2502.
ANALYSIS
1. World markets are looking neutral to bearish.
2. HDFC Bank and reliance is looking bearish while ICICI Bank is looking bullish. This may create volatility in bank nifty and Nifty.
3. India VIX is above 12 indicating high volatility.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 19280 - 19250 : Any breakout above 19305 is bullish. Any breakdown below 19225 is a sell.
2.NIFTY OPEN ABOVE 19300 : Any open above 19305 is bullish for a tgt of 19400 provided reliance turn bullish.
3. NIFTY OPEN BELOW 19250 : Any rally to 19250 will be a sell.
4. BANK NIFTY OPEN BETWEEN 44340 - 44130 : Any rally to 44400 is a sell. Any dip to 44029 and move above 44150 is a buy.
5. BANK NIFTY OPEN ABOVE 44350 : Any break of 44400 is bullish and any dip to 44350 is a buy.
6. BANK NIFTY OPEN BELOW 44100 : Any rally to 44200 is a sell.
I AMNOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 23 AUG 202323 Aug 2023
WORLD MARKETS
1. world Markets are consolidating with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. GIFT Nifty is indicating 50 points down tick as of now at 19330. This amounts to 43800 for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bearish. 1587 is a strong resistance. Any move above 1592 will be bullish. Any rally to 1587 -1590 is a sell. Any move below 1579 will be bearish.
2. ICICI Bank has strong resistance at 959. Any move to 955 is a sell. Any move above 960 is bullish.
3. Reliance has turned bearish. Any move above 2541 is bullish. Any move below 2520 is bearish.
ANALYSIS
1. Indices are consolidating for the past four days moving in a range .
2. Index heavy weights are looking bearish.
3. However indices are at the verge of the breakout. It may happen tomorrow or day after.
TRADING PLAN
1.NIFTY OPEN BETWEEN 19411 - 19378 : Any break of 19411 is bullish. Any break below 19350 will be bearish.
2. NIFTY OPEN ABOVE 19411: Any dip to 19400 is a buy. Also it should break 19431 decisively. Tgt of 19460 - 19500.
3. NIFTY OPEN BELOW 19370 : Any rally to 19380 is a sell. Also it should break 19360 decisively. Tgt of 19334 - 19300.
4. BANK NIFTY OPEN BETWEEN 44050-43930: Any break of 44115 is a buy. Any break of 43870 is a sell.
5.BANK NIFTY OPEN ABOVE 44050: Any break of 44115 is a buy.
6. BANK NIFTY OPEN BELOW 43930: Any break of 43850 is a sell for a tgt of 43750.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGIATERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY.