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PRE MARKET ANALYSIS OF NIFTY FOR 20 DEC 202420 DEC 2024 1. World markets have become jittery due to the US fed chairman hawkish comments. 2. It may settle down in a day or two. 2. Also Dec last week will be usually lacklustre due to the NEW YEAR AND CHRISTMAS. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating increase in volatility. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bearish on a daily chart. However it has made a hammer. 1800 is a strong resistance. 2. ICICI Bank has resistance at 1300. It is looking bearish. 3. Reliance is also very bearish with 1230 as a good support. Break of 1230 will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 23989 - 23915 : NO TRADE. 2. NIFTY OPEN ABOVE 23989: Wait for a break above 24100 decisively. 3. NIFTY OPEN BELOW 23915: Wait for a consolidation and break below 24850 decisivbely. 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 17 DEC 202416 DEC 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. GIFT Nifty is indicating a flat opening. 2. INDIA VIX is up 7% and is above 14 indicating increase in volatility. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish with huge volatility. 1896 is the next target. 2. ICICI bank is also bullish with 1355 as the resistance. ANALYSIS 1. With Reliance and IT being bearish and Bank Nifty bullish, Nifty may remain range bound in this expiry. TRADING PLAN 1. NIFTY OPEN BETWEEN 24718 - 24619: No Trade. 2. NIFTY OPEN ABOVE 24718: Wait for a consolidation and break above 24760. 3. NIFTY OPEN BELOW 24618: Wait for a consolidationbetween 24500 - 24600 and break above 24625 . 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 FOR 16 DEC 202415 DEC 2024 WORLD MARKETS 1. All the world markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 14 indicating reduction in volatility. GIFT Nifty is indicating 100 points downtick at 24730. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish. It has a target of 1896. 2. ICICI Bank is also bullish. 1355 is strong resistance. 3. Reliance has very strong resistance at 1290. Any break of it will take it to 1320 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24936 - 24600 : Any dip to 24600 is a buy. 2. NIFTY OPEN BELOW 24600: Any consolidation between 24500 - 24600 and move above 24600 is a buy. 3.NIFTY OPEN ABOVE 24936: Wait for a dip to 24700. 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 FOR 13 DEC 202412 DEC 2024 WORLD MARKETS 1. All the World markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. Indai VIX is low indicating consolidation in the market to continue. 2. GIFT Nifty is indicating a 45 points downtick at 24500. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating with a positive bias. 1653 is a good support while 1875 is a strong resistance. 2. ICICI Bank is bullish with 1330 as good support. 3. Reliance is bearish with 1266 as resistance and support at 1230. TRADING PLAN 1. NIFTY OPEN BETWEEN 24589 - 24508 : Sell any rally to 24600. 2. NIFTY OPEN ABOVE 24600: Sell any rally to 24650 and fall below 24600. 3.NIFTY OPEN BELOW 24500 : Sell any rally to 24550 and break below 24500 decisively. NOTE 1. Due to latest SEBI regulation, option buying has become very difficult with very less movement in the market. 2. The only way one can make money in option is to sell out of the money call and put option through IRON FLY OR IRON CONDOUR so that some money can be made. 3. If you want to learn, you can check my links . 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 12 DEC 202412 DEC 2024 WORLD MARKERTS 1. World markets are trading with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is on downward trend and hence market is consolidating in a broad range. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish. It is consolidating with a bullish bias. 2. ICICI BAnk is also consolidating with a bullish bias. 3. Reliance is bearish. It has resistance at 1288. Next Tgt is 1270. TRADING PLAN 1. NIFTY OPEN BETWEEN 24672 - 24612: NO TRADE. 2. NIFTY OPEN ABOVE 24672 : Wait for a consolidation and break above 24750 decisively. 3.NIFTY OPEN BELOW 24612: Wait for a consolidation and break below 24500 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 ANALYSISI OF NIFTY AND BANK NIFTY FOR 11 DEC 202411 DEC2024 WORLD MARKETS 1. All the world markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is down 2.34% indicating market is consolidating with a bullish bias. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating with a bullish bias. 1886 is a strong resistance. any dip to 21 SMA is a buy. 2. ICICI Bank is also bullish. 1322 is a good support. 1345 is good resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 24656 - 24564: NO TRADE. 2. NIFTY OPEN ABOVE 24656: Buy any consolidation and break above 24710. 3. NIFTY OPEN BELOW 24564 : Wait for a consolidation and break below 24500 decisively. 4. BANK NIFTY OPEN BETWEEN 53666 - 53488 : Buy any dip to 53500. 5.BANK NIFTY OPEN ABOVE 53656: Buy any consolidation and break above 53660 decisively. 6. BANK NIFTY OPEN BELOW 53500: Sell any consolidation and break below 53400 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 FOR 09 DEC 202409 DEC 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating reduction in volatility. 2. GIFT Nifty is indicating a flat opening at 24650. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish with 1840 as a good support. 2. ICICI Bank has support at 1320. It is bullish. 3. Reliance has resistance at 1327. Good support is seen at 1300. Any break of 1300 will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24642 - 24714 : NO TRADE. 2. NIFTY OPEN ABOVE 24714 : Wait for a consolidation and break above 24750. 3. NIFTY OPEN BELOW 24640: Wait for a consolidation and break below 24500. 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 FOR 04 DEC 202404 DEC 2024 WORLD MARKETS 1. All the world markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is gradually coming down indicating more bullishness to stay. 2. GIFT Nifty is indicating a 35 point down tick at 24400 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish and is at all time high. It has resistance at 1841. 2. ICICI Bank has support at 1300 level. while 1325 is a strong resistance. 3. Reliance has support at 1310 and has resistance at 1326. Any opening above 1326 will have a target at 1350. TRADING PLAN 1. NIFTY OPEN BETWEEN 24513 - 24400 : Buy any dip to 24350 and move above 24400. 2. NIFTY OPEN ABOVE 24513: Buy any dip to 24450. 3. NIFTY OPEN BELOW 24400: Wait for a consolidation between 24350 and 24400 and move above 24400. 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 FOR 28 NOV 202428 NOV 2024 WORLD MARKETS 1. World markets are trading bullish. nothing much to say about world markets. INDIA VIX AND GIFT NIFTY 1. India VIX has closed below 15% and has crashed by 4.5% which is good for bulls. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish and is trading above all time high . 1821 is a resistance but we can consider it will be broken eventually. 2. ICICI Bank on the other hand is consolidating with a negative bias. 3. Reliance is consolidating between 1280 - 1300 with a positive bias. ANALYSIS 1. Nifty and Bank Nifty is consolidating in a tight range of 24150 - 24350 and 52000 - 52500 respectively. 2. we may see the range bound move in Nifty tomorrow because of expiry. However Bank Nifty may react tomorrow. 3. Nifty and Bank Nifty is trading above 200 SMA and hence it is prudent to take long view. 4. However for any dip we can sell 24200 put and wait for a rally to 24350 levels. 5. Life is tough for option buyers. TRADING PLAN 1. NIFTY OPEN BETWEEN 24384 - 24170: NO TRADE. 2. NIFTY OPEN ABOVE 24331: Wait for a consolidation and break above 24370 decisively. 3. NIFTY OPEN BELOW 24170 : Wait for a consolidation and break below 24100 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:NIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 27 NOV 202427 NOV 2024 WORLD MARKETS 1. World Markets are looking neutral to bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 15. This indicate more volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish. It has support at 1775. Break of 1770 will be bearish. 2. ICICI Bank has support at 1300. Any break of 1290 will be bearish. 3. Reliance has s support at 1285. Break of 1280 will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24255 - 24134: NO TRADE. 2. NIFTY OPEN ABOVE 24255: Wait for a consolidation and break above 24350 decisively. 3. NIFTY OPEN BELOW 24134: Wait for a consolidation and break below 24100 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 FOR 26 NOV 202426 NOV 2024 WORLD MARKETS 1. world Markets are up and looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is down 5 %. Indicating reduction in volatility. GIFT NIFTY is indicating a 40 points down tick at 24180. INDEX HEAVY WEIGHTS 1. HDFC Bank is above all time high. However it will consolidate here before taking off. 2. ICICI Bank is trading above 1300. It has a target of 1325. 3. Reliance is turning bullish. Any open above 1310 will be bullish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24280 - 24162: No trade. 2.NIFTY OPEN ABOVE 24280: Wait for a consolidation and move above 24350 decisively. 3.NIFTY OPEN BELOW 24160: Wait for a consolidation and break below 24100 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 FOR 25 NOV 202425 NOV 2024 WORLD MARKETS 1. All the world markets are looking very bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 16 . But any drastic fall in VIX from here may initiate a bull move. 2. GIFT Nifty is indicating 265 uptick at 24285 levels. INDEX HEEAVY WEIGHTS 1. HDFC BANK is trading with a positive bias. It may once again test all time high. 2. ICICI Bank has made green candle in the past two trading session. It has resistance at 1281. If it open above 1285, then it will remain bullish. 3. Reliance has taken support at 1200 level as discussed . It may move higher in the days to come. 1285 is a strong resistance. Any open above 1285 will be bullish. ANALYSIS 1. Post Maharastra election, market has turned bullish. 2. However Nifty has moved 579 points on Friday and is showing another 250 points gap up. Need to be cautious as Nifty would have made almost 800 points up move in 2 session. However 23750 - 23800 remain a good support. If 23700 is breached, then downside may continue. TRADING PLAN 1. NIFTY OPEN BETWEEN 24071 AND 23735: Buy any dip to 23600 and move above 23750 levels. 2. NIFTY OPEN ABOVE 24071.: Buy any dip to 24000 levels. However any weakness at 24000 level should be watched as the market has already moved 570 points and gift nifty is indicating another 250 points. Monthly expiry is still not over. 3.NIFTY OPEN BELOW 23750: Buy any consolidation and move above 23800 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 21 NOV 202421 Nov 2024 WORLD MARKETS 1. US markets are taking support at 21 SMA and has rebounded. 2. Europe is trading with a negative bias. 3. Asia is mixed. 4. US incumbent president has spoken about Ukraine - Russia war which is disturbing and may indicate in stability. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.6 indicating more bearishness. 2. GIFT Nifty is indicating a flat opening . INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has a target of 1780. 2. ICICI Bank on the other hand is bearish. 1260 is a very strong resistance. Next tgt can be 1225. 3. Reliance has resistance at 1250. It has a tgt of 1200. 4. Market may remain range bound between 23800 - 23300 with a straddle at 23500. TRADING PLAN 1. NIFTY OPEN BETWEEN 23605 - 23432 : NO TRADE. 2.NIFTY OPEN ABOVE 23605 : Sell any rally to 23700 and break below 23600. 3.NIFTY OPEN BELOW 23432: Sell any rally to 23500 and break below 23400 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 FOR 14 NOV 202414 NOV 2024 WORLD MARKETS 1. US markets are consolidating. Asia and Europe is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.4 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1690 - 1700. Next support is at 1650. 2. ICICI BANK has resistance at 1260. Next support is at 1230. 3. Reliance has strong support at 1230 levels. TRADING PLAN. 1. NIFTY OPEN BETWEEN 23660 - 23460: Sell any rally to 23750 and break below 23660. Tgt 23450. 2. NIFTY OPEN ABOVE 23660: Wait for a consolidation between 23750 - 23660 and break below 23650 decisively. 3.NIFTY OPEN BELOW 24450: Sell any rally to 23650 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 13 NOV 202413 Nov 2024 WORLD MARKETS 1. US markets are looking bullish, while Asia and Europe is mixed with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating increase in volatility. 14.6 is a very good support meaning we may expect increase in volatility. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK has taken rejection at 1780. 1700 is a good support. 2. ICICI Bank has good support at 1250. 3. Reliance has resistance at 1280 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24000 - 23777: Sell any rally to 24100 and break below 24000. 2. NIFTY OPEN ABOVE 24000: Sell any really to 24155 and break below 24000 decisively. 3. NIFTY OPEN BELOW 23777: Sell any rally 23900. PLEASE NOTE : SINCE THERE WILL BE NO WEEKLY EXPIRY POST 13 NOV 2024 FOR BANK NIFTY, I WILL NOT BE ANALYSING THE SAME. INCASE AUDIENCE WANT ME TO ANALYSE, PLEASE PUT IN COMMENTS. 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202405 NOV 2024 WORLD MARKETS 1.All the markets are consolidating with a positive bias. This is because of the presidential elections. 2. we may see more volatility till the election completes. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is extremely high. This indicate more bearishness to stay. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK has support at 1700.Any break of 1700 is bearish. 2. ICICI Bank has resistance at 1285. Support at 1270. 3. Reliance has support at 1285. Resistance at 3126. TRADING PLAN 1. NIFTY OPEN BETWEEN 24155 - 23858: No Trade. 2. NIFTY OPEN ABOVE 24155: Sell any rally to 24200. 3. NIFTY OPEN BELOW 23860: Sell any rally to 23900. 4. BANK NIFTY OPEN BETWEEN 51400 - 51050: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51400 : Sell any rally to 51500. 6. BANK NIFTY OPEN BELOW 51050: Sell any rally to 51300. 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202404 NOV 2024 WORLD MARKETS 1. All the world Markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating high volatility. We may see more volatility in the next 2-3 sessions. 2. GIFT Nifty is indicating a flat opening at 24300 which is a crucial resistance area. Support is at 24200. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bullish. it has support at1720 levels. Next tgt can be 1750 levels. 2. ICICI Bank has support at 1275 levels. We may see a move to 1275 before turning bullish. However structure of ICICI Bank chart is bullish. 3. Reliance is still consolidating between 1350 - 1300 with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 24328 - 24280 : No Trade. 2. NIFTY OPEN ABOVE 24328 : Wait for a consolidation and break above 24400 decisively. 3. NIFTY OPEN BELOW 24255: wait for a consolidation and break below 24200 decisively. 4.BANK NIFTY OPEN BETWEEN 51775 - 51573 : No Trade. 5.BANK NIFTY OPEN ABOVE 51775: Wait for a consolidation and break above 52040 decisively. Aggressive trader can sell 51500 put for any dip to 51500 - 51600. 6.BANK NIFTY OPEN BELOW 51573: Sell 51800 call for any rally to 51800. 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
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 31 OCT 2024.31 Oct 2024 WORLD MARKETS 1. US Markets are consolidating with a bullish bias. Europe is mixed. Asia is neutral. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating more bearishness. May be the fall must have been stopped due to Bank Nifty expiry. 2. We may see resumption of downtrend post this expiry. 3. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. 1714 is still a good support. 2. ICICI Bank has resistance at 1317. It has made an inside candle. Which indicates that upside is limited. 3. Reliance has resistance at 1350. Any breach of 1350 will be bullish. ANALYSIS 1. 24500 - 24200 still remain a good range. trending can only happen beyond this range. 2. Bank Nifty will be in the range 52200 - 51500. 3. We may see more consolidation tomorrow and trending move may happen post expiry TRADING PLAN 1. NIFTY OPEN BETWEEN 24392 - 24287 : No Trade. 2. NIFTY OPEN ABOVE 24392 : Wait for a consolidation and break above 24450 decisively. 3.BANK NIFTY OPEN BELOW 24287: Wait for a consolidation and break below 24200 decisively. 4. BANK NIFTY OPEN BETWEEN 51935 - 51678: No Trade. 5.BANK NIFTY OPEN ABOVE 51935: Wait for a consolidation and break above 52200 decisively. 6.BANK NIFTY OPEN BELOW 51678: sell any consolidation and break below 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:NIFTY
by sam20051968
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 OCT 202424Oct 2024 WORLD MARKETS 1. World Markets are pulling back. This may have some effect on the Indian Indices. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating more volatility to come. However volatility is good for option buyers if traded carefully. 2. GIFT Nifty is indicating a flat opening as of now. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned range bound between 1750 - 1680 levels with a bullish bias. 2. ICICI Bank is also consolidating between 1270-1230 levels. 3. Reliance is bearish and again closed below 2700. We can still expect a target of 2620 levels. ANALYSIS 1. Today was Bank Nifty expiry and it was in a tight range of 51300 - 51200 and has closed between this range. 2. Nifty was bearish but was supported by Bank Nifty and IT twins TCS and Infosys. TRADING PLAN 1. NIFTY OPEN BETWEEN 24500 - 24372: No Trade. 2. NIFTY OPEN ABOVE 24500: Wait for a consolidation and break above 24650 decisively. 3.NIFTY OPEN BELOW 24370: Sell any rally to 24500. 4.BANK NIFTY OPEN BETWEEN 51364 - 51115: NO Trade. 5.BANK NIFTY OPEN ABOVE 51361: Sell any rally to 51550. 6.BANK NIFTY OPEN BELOW 51100: Sell any rally to 51400. 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 ANAD BANK NIFTY FOR 23 OCT 202423 OCT 2024 WORLD MARKETS 1. All the world markets are pulling back to their mean reversion. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating extremely bearish. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHT 1. HDFC Bank has taken support 1714. Any break of 1710 is bearish for a target of 1680. 2. ICICI Bank is in a range and 1230 is a good support. 3. Reliance has resistance at 2700. Next Target is 2610 which is a good support. ANALYSIS 1. Indices are in a free fall. So any pull back to 21 SMA is a sell. 2. This is also being fuelled by world markets pulling back. TRADING PLAN 1. NIFTY OPEN BETWEEN 24600 - 24350 : Sell any rally to 24600. 2. NIFTY OPEN ABOVE 24600: Sell any rally to 24800 and break below 24700 decisively.. 3. NIFTY OPEN BELOW 24352: Sell any rally to 24500. 4. BANK NIFTY OPEN BETWEEN 51500 - 50960: Sell any rally to 51500. 5. BANK NIFTY OPEN ABOVE 51500: Sell any consolidation between 51700 - 51500 and decisive break below 51500. 6.BANK NIFTY OPEN BELOW 50950: Sell any rally to 51350. 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 22 OCT 202422 Oct 2024 WORLD MARKETS 1. World Markets are making a pull back to 21 SMA. But the trend is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is again at 13.7 Indicating an increase in volatility. 2. GIFT Nifty is indicating a flat opening as of 2030 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank post result and some news about disinvestment IS UP 2.7 %. It has support at 1714. However any move below 1708 will be bearish as it may try to cover the gap at 1685. 2. ICICI Bank is bullish. It has good support at 1260. However any break of 1250 will again push it back to 1200 levels. 3. Reliance is indecisive as it took rejection at 2740 as discussed yesterday. we may see more consolidation between 2740 - 2710. before it make a move upside or downside. ANALYSIS 1. NIFTY is still bearish. It could not sustain 24970. 24700 is a good support. Any break of this will give us 24465 levels. 2. Bank Nifty has again closed below 52000. we need to see whether it will break 51800 decisively. Then we can see further downside to 51500. TRADING PLAN 1. NIFTY OPEN BETWEEN 24862 -24700: Sell any rally to 24975 and break below 24800. 2. NIFTY OPEN ABOVE 24862 : sell any consolidation between 24950 - 24800 and break below 24800 decisively. 3. NIFTY OPEN BELOW 24700: Sell rally to 24800 and break below 24750 decisively. 4. BANK NIFTY OPEN BETWEEN 51764 - 52157: Sell any rally 52157 and break below 51000 decisively. 5. BANK NIFTY OPEN ABOVE 52157: Wait for a consolidation and break above 52350 decisively. 6. BANK NIFTY OPEN BELOW 51760: 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 OCT 202421 Oct 2024 WORLD MARKETS 1. All the world Markets are trading bullish. INDIA VIX AND GIFT NIFTY 1. India VIX has come down by 2.5% and GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank in anticipation of good result has turned positive. It has resistance at 1686 -1700. It can turn bullish only above this. 2. ICICI Bank is rallying before its result on 25 Oct 2024 just Like HDFC Bank did. It has resistance at 1270. Any move above 1270 may turn Bank nifty bullish along with ICICI Bank. 3. Reliance is still very bearish. Yesterday it has made an indecision candle. As expected it pulled back from 2736 levels. ANALYSIS 1. Bank Nifty has closed decisively above 52000. So 52000 remain a good short term support. So It may trade between 52000 -52700 for a few trading session before making a decision to break out or breakdown. Any opening below 52000 will be considered as bearish. 2. Nifty is still bearish.24975 is a very strong resistance. It can turn bullish only above 25250 levels. Till that time it may remain choppy and trouble Nifty option traders. 3. Better to trade Bank Nifty Monthly option on positive side. Sell put options for any dip. 4. HDFC Bank may show positive move post result which may lift the market. TRADING PLAN 1. NIFTY OPEN BETWEEN 24886 - 24941: Sell put options for any dip to 24770 levels. Call Buying will not a good option as the Nifty can pick up momentum only above 25250 levels. 2.NIFTY OPEN ABOVE 24941: Wait for a consolidation between 24800 and 25050 and buy any break out. 3. NIFTY OPEN BELOW 24760: Sell any rally to 24800 and break below 24750 levels. 4.BANK NIFTY OPEN BETWEEN 51765 - 51479: Buy any dip to 51900 and move above 52095 5.BANK NIFTY OPEN ABOVE 52430: Sell any rally to 52600 levels. 6.BANK NIFTY OPEN BELOW 51760: Buy any consolidation and break above 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 08 OCT 202408 oct 2024 WORLD MARKETS 1. US is consolidating with a positive bias. 2. Europe is consolidating with a negative bias. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 15 indicating more bearishness. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank has closed below 1630 indicating break of crucial level. 1630 is a strong resistance. It has a tgt of 1560. However any opening above 1640 will be bullish. 2. ICICI Bank is reluctantly moving down. Any open below 1220 will be bearish with a tgt of 1183. 1220 is a good support. 3. Reliance has resistance at 2741. Next tgt at 2650. ANALYSIS 1. Tomorrow will be election result of Haryana and J&K. 2. Better to be very cautious. Wait for second half to trade. By that time results will be almost out. Even by 1000 Hrs, the trend will be out. TRADING PLAN 1. NIFTY OPEN BETWEEN 24670 - 24916: NO TRADE. 2. NIFTY OPEN ABOVE 24916: Sell any rally to 25000. Buy only above 25100. 3. NIFTY OPEN BELOW 24671: Sell any rally to 24800. 4.BANK NIFTY OPEN BETWEEN 50921 - 50040: NO TRADE. 5.BANK NIFTY OPEN ABOVE 50921: Wait for a consolidation and break below 50800 decisively. 6. BANK NIFTY OPEN BELOW 50000: Sell any rally to 50500. 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