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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 OCT 202404OCT 2024
1. WORLD MARKETS
1. All the world markets are consolidating with a positive bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 13 indicating increase in volatility.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bearish. It has a target of 1660. Resistance can be seen at 1690 levels.
2. ICICI Bank has fallen less compared to HDFC Bank. It has a target of 1228.
3. Reliance is extremely bearish. Next support is at 2721.
ANALYSIS
1. Woman see consolidation with a negative bias.
TRADING PLAN
1. NIFTY OPEN BETWEEN 25362 - 25250: Sell any rally to 25400 levels and break below 25350.
2. NIFTY OPEN ABOVE 25360: Sell any rally to 25400 and break below 25350.
3.NIFTY OPEN BELOW 25250: Sell any rally to 25300 levels.
4.BANK NIFTY OPEN BETWEEN 52100 - 51600: Sell any rally to 52100 and break below 51000. Look for bearish pattern.
BANK NIFTY OPEN ABOVE 52100: WAIT for a consolidation and break above 52350 decisively.
6.BANK NIFTY OPEN BELOW 51600: Sell 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.
PRE MARKET ANALYSIS OF NOIFTY AND BANK NIFTY FOR 03 OCT 202403 Oct 2024
WORLD MARKETS
1. World Markets are looking very bullish.
2. However the Israeli conflict may have some implications on the market.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 12 indicating a reduction in volatility.
2. GIFT Nifty is indicating a 229 points downtick at 25800. This amounts to 500 points downtick at 52300.
INDEX HEAVY WEIGHTS
1. HDFC bank is taking support at 1714. Any break of 1714 will be bearish with a tgt of 1697.
2. ICICI Bank has resistance at 1280. Next support is at 1250.
3. Reliance has support at 2900.However it is very bearish.
ANALYSIS
1. World Markets are looking on backfoot post Escalation in Israel conflict. THE SEBI DECISION TO INCREASE THE CONTRACT VALUE TO 15 - 20 LAKH may have some effect on the market.
TRADING PLAN
1. NIFTY OPEN BETWEEN 25700 - 25850 : NO TRADE.
2. NIFTY OPEN ABOVE 25850: Sell any rally to 25900.
3. NIFTY OPEN BELOW 25750: Wait for a consolidation and wait for a direction in the market.
4.BANK NIFTY OPEN BETWEEN 53057 - 52800: NO TRADE.
5. BANK NIFTY OPEN ABOVE 53057: Wait for a consolidation and break above 53240. If break happen below 53000 , sell.
6.BANK NIFTY OPEN BELOW 52800: Wait for a consolidation and break below 52700 decisively. However if the open happen at 52200, wait for a consolidation and break below 52000 decisively. If market pull back immediately to 52500 -52700 levels, then 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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 SEP 202427 SEP 2024
WORLD MARKETS
1. All the world markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12 indicating bullishness.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank and ICICI Bank is extremely bullish.
2. Reliance is struggling to cross 3000.
ANALYSIS
1. Markets was extremly bullish but highly volatile.
2. It took out both retail option buyers and sellers before rallying.
TRADING PLAN
1. NIFTY OPEN BETWEEN 26146 - 26 289: Buy any dip to 26100.
2. NIFTY OPEN ABOVE 26290: Buy any dip to 26100.
3. NIFTY OPEN BELOW 26146: Wait for any consolidation and break above 26200 decisively.
4.BANK NIFTY OPEN BETWEEN 54500 - 54250: Buy any dip to 54200.
5.BANK NIFTY OPEN ABOVE 54500: Wait for a dip to 54300.
6. BANK NIFTY OPEN BELOW 54256: Wait for any consolidation and break above 54250 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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 23 SEP 202423 Sep 2024
WORLD MARKETS
1. World Markets are looking mixed with US Markets looking positive while Europe is down by 1.5 %. Asia is looking bullish.
2. Except Fed chair Powell speech and Israel war there are no negative triggers for the market.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 13 indicating bullishness.
2. GIFT NIFTY is indicating a flat start which is good.
INDEX HEAVY WEIGHTS
1. HDFC Bank is very bullish. Its next tgt is 1795 which is its previous high. After it hits this tgt we may see some downside.
2. ICICI Bank is at all time high and is very bullish. No tgt can be set for ATH Stocks.
3. Reliance has resistance at 3000. Post 3000, it may turn bullish.
TRADING PLAN
1.NIFTY OPEN BETWEEN 25790 - 25676: Buy any dip to 25650.
2. NIFTY OPEN ABOVE 25790: Sell any rally to 26000.
3. NIFTY OPEN BELOW 25676: Buy any consolidation and break above 25700.
4. BANK NIFTY OPEN 53512 - 54083: Buy any dip to 53600.
5. BANK NIFTY OPEN ABOVE 54083: Buy any dip to 53700. Alternatively Sell any weakness at 54000.
6. BANK NIIFTY OPEN BELOW 53502: Sell any consolidation between 53700 - 53500 and break below 53500. However if the break out happen above 53700, 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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 16 SEP 202416 Sep 2024
SORRY FRIENDS I WAS ON A VACATION BIKE RIDE TO LEH FOR 15 DAYS.
WORLD MARKETS
1. World Markets are consolidating with a bullish bias. In fact it is bullish.
2. FOMC Fed Interest rate decision will be on 18 Sep. The street is expecting a 25 bps rate cut which may turn market bullish. Till That time market may consolidate with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX has crashed to 12.5 indicating more bullishness in the market.
2. Gift Nifty is indicating a flat opening after a good rally.
INDEX HEAVY WEIGHTS
1. HDFC Bank has broken above 1660 and has good support at 1660 levels. It has no immediate resistance.
2. ICICI Bank has strong resistance at 1252 levels. It may consolidate after a good run.
3. Reliance has resistance at 2960. It is trading with a negative bias.
TRADING PLAN.
BUY ON DIP WILL BE A GOOD STRATEGY TILL 18 SEP.
1.NIFTY OPEN BETWEEN 25393 - 25319: Buy any dip to 25250 levels.
2. NIFTY OPEN ABOVE 25393 : Sell 25500 call options for any rally to 25500 levels.
3. NIFTY OPEN BELOW 25314 : sell 25200 put options for any dip to 25200 and move above 25250 levels.
4. BANK NIFTY OPEN BETWEEN 52034 - 51841: Sell call option 52500 for any rally to 52100 levels.
5. BANK NIFTY OPEN ABOVE 52034: Sell 52000 call option if the bank nifty break below 51900.
6.BANK NIFTY OPEN BELOW 51830 : sell 51500 put option if bank nifty dip to 51600 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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 29 AUG 202429 Jun 2024
WORLD MARKETS
1. World markets are consolidating with a positive bias.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX is below 14 but is up 2.35 % at 13.9.
2. GIFT nifty is indicating a 24 point down tick at 25000.
INDEX HEAVY WEIGHTS
1. HDFC Bank is range between 1620 - 1650 levels. Any break of these level will give direction to Indices.
2. ICICI Bank is consolidating with a bullish bias. It has a tgt of 1235.
3. Reliance has support at 2980 and resistance at 3012.
TRADING PLAN
1. NIFTY OPEN BETWEEN 25090 - 25000: No Trade.
2. NIFTY OPEN ABOVE 25090: Wait for a consolidation and break above 25100 decisively.
3.NIFTY OPEN BELOW 25000: Sell any rally to 25100.
4.BANK NIFTY OPEN BETWEEN 51080- 51206: No Trade.
5.BANK NIFTY OPEN ABOVE 51206: Wait for a consolidation between 51206- 51275 and break above 51275.
6.BANK NIFTY OPEN BELOW 51080 : Sell any rally to 51250.
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 27 AUG 202427 Aug 2024
WORLD MARKETS
1. All the world markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX has closed above 13.7 indicating bullishness. But has increased.
2. GIFT NIFTY is indicating a flat opening.
INDEX HEAVY WEIGHTS
1.HDFC Bank has closed below 1640. But is bullish. It has taken rejection at 1650 levels.
2. ICICI Bank is also very bullish. 1217 is a strong resistance.
3. Reliance has resistance at 3051. It has closed above 3000 decisively.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24963 - 25055: No Trade.
2. NIFTY OPEN ABOVE 25055: Wait for a consolidation and break above 25105 decisively. can SELL 25000 put options.
3. NIFTY OPEN BELOW 24960: Wait for a consolidation and break above 25000 decisively. However if break happens below 24900, then we SELL 24900 call options.
4.BANK NIFTY OPEN BETWEEN 51075-51220: NO TRADE.
5.BANK NIFTY OPEN ABOVE 51218: Wait for a consolidation and break above 51220 decisively. we can SELL 51200 PUT OPTIONS in case of break out above 51220 decisively.
6.BANK NIFTY OPEN BELOW 51076: Wait for a consolidation and break above 51100 decisively. Then 51100 put options can be SOLD.
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 23 AUG 202423 AUG 2024
WORLD MARKETS
1. US markets have pulled back and recovered all the lost ground in the last one week and trying to cross all time high.
2. Europe and Asia is also looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 13 indicating good bullishness.
2. GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is still in a range of 1640 - 1600.
2. ICICI Bank has turned bullish but 1195 still remain a strong resistance. Any break of this will be bullish.
3. Reliance has still 3000 as a strong resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24788 - 24835: No Trade.
2. NIFTY OPEN ABOVE 24835: Wait for a consolidation and break above 24900 decisively.
3.NIFTY OPEN BELOW 24788: Wait for a consolidation and break below 24700 decisively.
4.BANK NIFTY OPEN BETWEEN 51063 - 50906: NO TRADE.
5.BANK NIFTY OPEN ABOVE 51063: Wait for a consolidation and break above 51150.
6.BANK NIFTY OPEN BELOW 50906: Wait for a consolidation and break below 50800 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.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 20 AUG 202420 AUG 2024
WORLD MARKETS
1. All the world markets are looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 15 indicating bullishness.
2. GIFT Nifty is indicating 54 points uptick at 24630.
INDEX HEAVY WEIGHTS
1. HDFC Bank has support at 1600 and resistance at 1640. Any break above 1640 is bullish.
2. ICICI Bank has support at 1170. Any break of this will be bearish.
3. Reliance has a very strong resistance at 3000.
1.NIFTY OPEN BETWEEN 24604 - 24540: NO TRADE.
NIFTY OPEN ABOVE 24604. :Wait for a consolidation between 24600 - 24650 and buy any breakout above 24650.
3.NIFTY OPEN BELOW 24540: Wait for a consolidation between 24500 - 24540 and break above 24550.
4.BANK NIFTY OPEN BETWEEN 50246 - 50490: NO TRADE.
5. BANK NIFTY OPEN ABOVE 50490. Wait for a consolidation and break above 50610 decisively.
6. BANK NIFTY OPEN BELOW 50246: Sell any rally to 50400.
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.