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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 JUN 202419 JUN 2024 WORLD MARKETS 1. World markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 13 indicating bullishness and buy on dip scenario. GIFT Nifty is indicating a 70 points uptick. we may have to resort to BTST in future. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1605. Any break of 1610 is bullish for a tgt of 1622. 2.ICICI Bank is consolidating with a negative bias. 1120 is a resistance and 1100 is a good support. 3. Reliance has strong resistance at 2980. ANALYSIS 1. Indices are looking bullish and buy on dips will be a good strategy. 2. Nifty has strong resistance at 23600. But slowly it is grinding upwards. 3. BANK NIFTY has strong resistance at 50500. TRADING PLAN 1.NIFTY OPEN BETWEEN 23530 -23580 : Buy any dip to 23500 and move above 23530. 2.NIFTY OPEN ABOVE 23580: Buy any dip to 23550 - 23500. 3.NIFTY OPEN BELOW 23530: Buy any consolidation and move above 23530. 4.BANK NIFTY OPEN BETWEEN 50250 -50620 : Buy any dip to 50300 -50400. 5.BANK NIFTY OPEN ABOVE 50620: Buy any dip to 50400. 6.BANK NIFTY OPEN BELOW 50250 : Buy any consolidation and move above 50400 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 18 JUN 202418 JUN 2024 WORLD MARKETS 1.US market is mixed with S&P and NASDAQ bullish while DJI is bearish. Europe is bearish and Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is at a low of 12 indicating lower premium and very less move. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is at a crucial level of 1597. Any meaningful break above 1600 will be bullish. Tgt 1650. 2.ICICI bank at 1104 has resistance. If 1105 is broken on upside then it can turn bullish. 3. Reliance has resistance at 2960. Any decisive break of it will be bullish. ANALYSIS 1. Indices are consolidating in a broad range of 23200 - 23500 and bank nifty 49500 -50250. TRADING PLAN 1.NIFTY OPEN BETWEEN 23400 -23500 : Any dip to 23400 is a buy. 2.NIFTY OPEN ABOVE 23500: Wait for a consolidation between 23450 - 23500 and buy any decisive break above 23520. 3.NIFTY OPEN BELOW 23400: Any consolidation between 23440 - 23380 and break below 23380 is a sell. 4.BANK NIFTY OPEN BETWEEN 50120 -49890: NO TRADE. 5.BANK NIFTY OPEN ABOVE 50120: Buy any consolidation and break above 50230. 6.BANK NIFTY OPEN BELOW 49890: Wait for a consolidation between 50000 -49850 and any break below 49800 is a sell. Tgt 49600. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
bankniftybanknifty Support Zone 49316_49057 Resistance Zone 50257_50667 The GIFT Nifty is indicating a flat to negative start for the day. The benchmark Sensex and Nifty indices are likely to open flat to negative on June 14, following indication from GIFT Nifty, which is trading near 23,393. Benchmark indices Sensex and Nifty pulled back from record highs but managed to close in the positive territory on June 13. Nifty 50 and Sensex hit an intraday high of 23,481 and Sensex rose to a record 77,145. At close, the Sensex was up 204 points or 0.3 percent at 76,810 and the Nifty 50 was up 77 points at 23,399.
NSE:BANKNIFTY
by EarnPick
niftynifty Support Zone 23206_23110 Resistance Zone 23543_23591 The GIFT Nifty is indicating a flat to negative start for the day. The benchmark Sensex and Nifty indices are likely to open flat to negative on June 14, following indication from GIFT Nifty, which is trading near 23,393. Benchmark indices Sensex and Nifty pulled back from record highs but managed to close in the positive territory on June 13. Nifty 50 and Sensex hit an intraday high of 23,481 and Sensex rose to a record 77,145. At close, the Sensex was up 204 points or 0.3 percent at 76,810 and the Nifty 50 was up 77 points at 23,399.
NSE:NIFTY
by EarnPick
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 JUN 202413 jun 2024 WORLD MARKETS 1. US markets are consolidating with a positive bias.Europe and Asia are mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating less volatility and range bound move. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias but is very range bound. 1570 is a good support and 1595 is a resistance. 2. ICICI Bank today was down entire day and has made a long red candle. It has support at 1100 and resistance can be seen at 1125. However if 1110 is broken we may see further downside. 3. Reliance is consolidating with a positive bias. It has support at 2920 and resistance can be seen at 2950. Meaning ful move can be seen only after the break of these levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 22350 - 22435:NO trade. however small buy can be made at 23350 levels. 2. NIFTY OPEN ABOVE 23435: Wait for a consolidation and break above 23450 levels. 3. NIFTY OPEN BELOW 23350 : sell any rally to 23410.. If the break down happens below 23300, then it is a sell. 4.BANK NIFTY OPEN BETWEEN 49952 -49740: No trade. 5.BANK NIFTY OPEN ABOVE 49952: Wait for a consolidation and break above 50060 levels. 6.BANK NIFTY OPEN BELOW 49750: Sell any rally to 49950. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 13 JUN 2024.12 Jun 2024 WORLD MARKETS 1. World Markets are looking bullish and awaiting FOMC meeting result INDIA VIX AND GIFT NIFTY 1. India VIX is at 14 indicating reduction in volatility. This will result in reduced premium and less movement in option prices. 2. GIFT Nifty is indicating 80 point uptick as of now which amounts to 23400 which is a strong resistance. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1563 is a good support. 2. ICICI Bank is moving in a broad range of 1110 -1135. 3. Reliance is looking bullish.2910 is a good support. TRADING PLAN 1.NIFTY OPEN BETWEEN 23363 - 23280 : No Trade. 2.NIFTY OPEN ABOVE 23363 : Wait for a consolidation and break above 23400. 3.BANK NIFTY OPEN BELOW 23280: Sell any rally to 23350. 4.BANK NIFTY OPEN BETWEEN 47750 - 50000: No trade. 5.BANK NIFTY OPEN ABOVE 50000: Buy any consolidation between 49900 - 50040 and buy the break out. 6.BANK NIFTY OPEN BELOW 49750: sell any rally to 49900 and break below 47750 decisively. Tgt 49350. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 10 JUN 202410 Jun 2024 WORLD MARKETS 1. world markets are trading with a bullish bias. INDIA VIX ANAD GIFT NIFTY 1. GIFT Nifty is indicating a negative start of 75 points. This may change. 2. India VIX is below 20 indicating stability in markets INSE XHEAVY WEIGHTS 1. HDFC BANK is indicating a bullish stance. It has support at 1564 and resistance at 1595. 2. ICICI bank has resistance at 1125. 3. Reliance has resistance at 2980 and support at 2945. TRADING PLAN 1. NIFTY OPEN BETWEEN 23144 -23445 : Buy any dip to 23100 - 23050. 2.NIFTY OPEN ABOVE 23133: wait for a consolidation and buy any break out from 23150. However any dip can be bought into. 3.NIFTY OPEN BELOW 23133; Sell any consolidation and break below 22950. 4. BANK NIFTY OPEN BETWEEN 50040 - 49565: Buy any dip to 49600. 5.BANK NIFTY OPEN ABOVE 50040: Buy any dip to 49750. However wait for a break above 50040 for aggressive buy. 6.BANK NIFTY OPEN BELOW 49565. Wait for a consolidation and break below 49500. However if there is a consolidation and break above 49750, then we can start buying. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 JUN 202407 JUN 2024 WORLD MARKETS 1. World markets are looking neutral to bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 16 which is very comforting. the option premium has come down. So we may not get very good move on either side. 2. GIFT Nifty is indicating flat opening. INDEX HEAVY WEIGHTS 1. 1545 is a good support and 1565 is a strong resistance. 2. ICICI Bank has resistance at 1125 and support at 1105. 3. Reliance has support at 2840 and resistance at 2888. TRADING PLAN 1.NIFTY OPEN BETWEEN 22895 - 22750: NO TRADE. 2.NIFTY OPEN ABOVE 22895: Wait for a break above 23020 decisively. 3.NIFTY OPEN BELOW 22750: Wait for a break below 22640. 4.BANK NIFTY OPEN between 49500 - 49080: No trade. 5.BANK NIFTY OPEN ABOVE 49500: Wait for a break above 49720. However any dip to 49500 is a buy. 6.BANK NIFTY OPEN BELOW 48090: Sell any consolidation and break below 48000 decissively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 JUN 202407 JUN 2024 WORLD MARKETS 1. World markets are looking neutral to bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 16 which is very comforting. the option premium has come down. So we may not get very good move on either side. 2. GIFT Nifty is indicating flat opening. INDEX HEAVY WEIGHTS 1. 1545 is a good support and 1565 is a strong resistance. 2. ICICI Bank has resistance at 1125 and support at 1105. 3. Reliance has support at 2840 and resistance at 2888. TRADING PLAN 1.NIFTY OPEN BETWEEN 22895 - 22750: NO TRADE. 2.NIFTY OPEN ABOVE 22895: Wait for a break above 23020 decisively. 3.NIFTY OPEN BELOW 22750: Wait for a break below 22640. 4.BANK NIFTY OPEN between 49500 - 49080: No trade. 5.BANK NIFTY OPEN ABOVE 49500: Wait for a break above 49720. However any dip to 49500 is a buy. 6.BANK NIFTY OPEN BELOW 48090: Sell any consolidation and break below 48000 decissively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 06 JUN 2202406 JUN 2024 WORLD MARKETS 1. World Markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. As explained the India VIX crashed 27% at 18.8 which is below 20. This is a comfortable VIX to trade. 2. However the VIX may stay at elevated levels till 08 Jun 2024. 2. GIFT Nifty is indicating 137 points uptick at 22639. INDEX HEAVY WEIGHTS 1. NIFTY OPEN BETWEEN 22365 - 22877: Buy any dip and move above 22500. 2. NIFTY OPEN ABOVE 22877 : Buy any dip 22650. 3.NIFTY OPEN BELOW 22365: Sell any rally to 22500. 4.BANK NIFTY OPEN BETWEEN 49850 - 48250: Buy any dip to 48400. 5. BANK NIFTY OPEN ABOVE 49850 : Buy any consolidation and break above 49900. 6.BANK NIFTY OPEN BELOW 48250 : Sell any rally to 48500 and break below 48250 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 05 JUN 202404 Jun 2024 WORLD MARKETS 1. World Markets are looking negative. INDIA VIX AND GIFT NIFTY 1. India VIX is at 27. Since the election is over, we may see drastic reduction in VIX in the next week. 2. GIFT Nifty is flat. INDEX HEAVY WEIGHTS. 1. It is difficult to give levels. However HDFC Bank has near term resistance at 1520 and support at 1465. 2. ICICI Bank has resistance at 1095 and support at 1055. TRADING PLAN 1.NIFTY OPEN BETWEEN 21365 - 22420 : Sell any rally to 22420. NIFTY OPEN ABOVE 22420 : Wait for a consolidation and break above 22500. NIFTY OPEN BELOW 21365: Wait for a consolidation and break below 21500. BANK NIFTY OPEN BETWEEN 48180 - 45678 : Sell any rally to 48200. BANK NIFTY OPEN ABOVE 48200 : Buy any consolidation and break above 48200. BANK NIFTY OPEN BELOW 45635. : Sell any rally to 46200. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
nifty bankniftynifty support zone _trendline _23000 resistance zone_23600_23759 banknifty support zone _trendline _50400 resistance zone _51600_52000 The GIFT Nifty is indicating a positive opening for the day. The benchmark Sensex and Nifty indices are expected to trade higher on June 4, following GIFT Nifty trends indicating a gain of 110.5 points (0.47 percent) for the broader index. Indian equity markets surged more than 3 percent on June 3, clocking the biggest single-day gain in three years, as Dalal Street cheered the outcome of most of the exit poll, predicting a significant win for the BJP-led NDA for the third time in a row. At close, the Sensex was up 2,507.47 points or 3.39 percent at 76,468.78, and the Nifty was up 733.20 points or 3.25 percent at 23,263.90. Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today. Now you're all set for the market day! Happy trading!
NSE:BANKNIFTY
by EarnPick
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 31 MAY 2024.31 May 2024 WORLD MARKETS 1. DJI has turned bearish while S&P and NASDAQ has turned negative. Europe is mixed and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 24 indicating very high option premiums. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating with a bullish bias between 1500 - 1550. 1530 is a strong resistance. 2. ICICI Bank has taken support at 50 SMA. It has resistance at 1120. 1110 remains a good support. 3.Reliance has support at 2920. TRADING PLAN 1. NIFTY OPEN BETWEEN 22410 - 22566: NO TRADE. However any weakness at 22566 and break below 22500 can be sold into. 2.NIFTY OPEN ABOVE 22566: Accumulate any dip to 22500 and move above 22560. Target 22650. 3.NIFTY OPEN BELOW 22410 :Sell any rally to 22450 and break below 22410. 4.BANK NIFTY OPEN BETWEEN 48880 - 48650: NO TRADE. 5. BANK NIFTY OPEN ABOVE 48880 : Accumulate in small qty any dip to 48700 and buy any decisive move above 49100 6.BANK NIFTY OPEN BELOW 48650: Sell any decisive break below 48450. Target 48100. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 30 MAY 202430 May 2024 WORLD MARKETS 1. All the world markets are correcting and awaiting the fed announcements. INDIA VIX AND GIFT NIFTY 1. India VIX is stable at 24 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bearish. 1510 is a strong resistance. 2. ICICI Bank has turned bearish. 1115 is strong resistance and 1083 is the next support. 3. Reliance has support at 2875. Any break of this will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22760 - 22650 : Sell any rally to 22800 and break below 22750. 2. NIFTY OPEN ABOVE 22750 : Wait for a consolidation and break below 22700. However long call can be taken only above 23050. 3. NIFTY OPEN BELOW 22650 : Sell any break below to 22550. 4. BANK NIFTY OPEN BETWEEN 48670 - 48330 : Sell any rally to 48700. 5. BANK NIFTY OPEN ABOVE 48670 : Wait for a consolidation and break above the range. 6. BANK NIFTY OPEN BELOW 48327: Sell any rally to 48500. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 29 MAY 202429 May 2024 WORLD MARKETS 1. US is mixed and Europe is neutral to bearish and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 24 indicating high option premiums and high volatility. 2. GIFT Nifty is indicating a flat opening. 3. Today Fin Nifty expiry was muted. We can expect the same for Bank Nifty and Nifty also. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating between 1520 - 1550. It has closed at 200 SMA. It has resistance at 1530 and support at 1520. 2. ICICIBank is consolidating with a negative bias. 3. Reliance has support at 2900 and resistance at 2935. TRADING PLAN 1. NIFTY OPEN BETWEEN 22926 - 22850 : NO TRADE. Any weakness at 23000 and break below 22900 is a sell. 2. NIFTY OPEN ABOVE 22926 : Wait for a consolidation and break above 23050. 3. NIFTY OPEN BELOW 22850 : Sell any rally to 22900. 4. BANK NIFTY OPEN BETWEEN 49275 - 49000 : No Trade. 5.BANK NIFTY OPEN ABOVE 49275: Any consolidation and break above 49400 is a buy. Tgt 49650. 6. BANK NIFTY OPEN BELOW 49000: Sell any consolidation between 49000 - 48880 and break below 48850. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 MAY 2024.28 May 2024 WORLD MARKETS 1. All the world markets are looking bullish. But most of them are over sold and are consolidating. INDIA VIX AND GIFT NIFTY 1. India VIX is up 6 % at 23 . The is showing in the high volatility we had today. This may continue till 05 Jun 2024. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has made an inverted Hammer indicating exhaustion. However it has support at 1530. Any move above 1530 is bullish. 2. ICICI Bank has support at 1125. It is looking bullish. 3. Reliance has pulled back to 2930. It is a good support. TRADING PLAN 1. NIFTY OPEN BETWEEN 22997 AND 22867 : Any rally to 23000 is a sell. However if there is a consolidation between 23000 and 23100 and break above 23100, it is a buy. 2. NIFTY OPEN BELOW 22865: Sell any rally to 23000. 3. NIFTY OPEN ABOVE 22997: Wait for a consolidation and break above 23100 to buy. 4.BANK NIFTY OPEN BETWEEN 49460 - 49100 : NO TRADE. However any consolidation between 49100 - 49350 and break above 49350 is a buy. 5. BANK NIFTY OPEN ABOVE 49450: wait for consolidation and break above 49500. 6. BANK NIFTY OPEN BELOW 49100 : Any consolidation between 49250 - 49050 and break below 49000 is a sell.Tgt 48800. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
nifty bankniftynifty Support Zone 22441-22401 Resistance Zone 22710-22766 Banknifty Support Zone 47389-47313 Resistance Zone 48258-48424 Market Today The benchmark Sensex and Nifty indices are expected to open flat with negative bias on May 23, following GIFT Nifty trends indicating a loss of just 33 points for the broader index. On May 22, the Indian benchmark indices ended on a positive note on May 22 with Nifty reclaiming 22,600 in a volatile session ahead of the release of the Fed's latest meeting minutes. At close, the Sensex was up 267.75 points or 0.36 percent at 74,221.06, while the Nifty was up 68.80 points or 0.31 percent at 22,597.80. Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today. GIFT Nifty (Negative) The GIFT Nifty is trading 33 points lower compared to the Nifty 50 close on May 22, indicating a negative start for the day. Nifty futures were trading at 22,661 at 07:15 AM IST. The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Gold prices were trading flat, while Silver prices were down nearly 1 percent in the early trade. Now you're all set for the market day! Happy trading!
NSE:NIFTY
by EarnPick
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 MAY 202420 MAY 2024 WORLD MARKETS 1. US and Europe markets are very bullish. Asia is mixed. GIFT NIFTY AND INDIA VIX 1. GIFT Nifty is indicating a positive start. 2. India VIX is above 20 indicating continuation of volatility. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1466 indicating more bullishness. It has good support at 1460. However 1468 remains a strong resistance. 2. ICICI Bank has also turned bullish after closing above 1130 level. 1134 remain a strong resistance. 3. Reliance on the other hand has good resistance at 2876. Any break of this may turn nifty bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 22485 AND 22514 : No Trade. 2. NIFTY OPEN ABOVE 22520: Wait for a consolidation and break above 22530. 3. NIFTY OPEN BELOW 22485: Wait for a break below 22450 to go short. 4. BANK NIFTTY OPEN BETWEEN 48165 - 48232 : No trade. 5.BANK NIFTY OPEN ABOVE 48232 : Wait for a consolidation and break above 48265. 6.BANK NIFTY OPEN BELOW 48165: Wait for a break below 48080. However any rally to 48200 can be sold into . DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 MAY 202415 MAY 2024 WORLD MARKETS 1. World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 20 indicating bearishness. However Market is looking bullish inspite of high VIX. The RSI is indicating over bought levels. So we may see some pull back to 15. This means some upside may happen tomorrow. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance at 1465. So if HDFC Bank bank open above 1465, then we can see 1490. 2. ICICI Bank on the other hand has resistance at 1123. It may remain volatile tomorrow. Any open above 1123 will be bullish. 3. Reliance has resistance at 2875. It is 20 SMA. TRADING PLAN 1. NIFTY OPEN BETWEEN 22150 - 22270: Any dip to 22100 will be a buy. 2. NIFTY OPEN ABOVE 22270 : Wait for a consolidation and buy any dip. 3.NIFTY OPEN BELOW 22165: Wait for a consolidation and break above 22200 for going long. 4.BANK NIFTY OPEN BETWEEN 47750 - 47950: Accumulate any dip to 47600. SL 47500. 5.BANK NIFTY OPEN ABOVE 47950 : Wait for a consolidation between 47800 - 48000 and accumulate any dips to 47800. BANK NIFTY OPEN BELOW 47750 : Buy any consolidation and break above 47800. However any dip to 47500 can be accumulated in small quantity. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 09 MAY 202409 May 2024 WORLD MARKETS 1. US markets are trading with a positive bias. 2. Europe and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is stable but high at 17. So volatility shall continue. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank gapped down and broke the crucial support at 1490. The next support is at 1465 and 1490 will be a strong resistance. 2. ICICI Bank has taken support at 1122. If it is broken tomorrow, then we can expect 1115 and below and head towards next support zone of 1090. 3. Reliance has pulled back. 2827 remain a good support. But if it broken tomorrow, we may see 2780 again. TRADING PLAN 1. NIFTY OPEN BETWEEN 22250 - 22350 : NO TRADE. 2. NIFTY OPEN ABOVE 22350: Wait for a consolidation and break above 22400. Tgt 22550. 3.NIFTY OPEN BELOW 22250 : Sell any rally to 22300 in small qty. However aggressive selling can be done below 22180 for a target for 22050 levels. 4. BANK NIFTY OPEN BETWEEN 47900 - 48120 : No trade. 5.BANK NIFTY OPEN ABOVE 48120 : Wait for a consolidation and break above 48300 decisively. 6. BANK NIFTY OPEN BELOW 47920 : Wait for a consolidation and break below 47800. Target 47500. However any rally to 48120, short can be accumulated in small quantities. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 MAY 202407 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating high volatility. This is due to nearing of Loksabha elections and results. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias.1515 remains a strong support and 1535 a strong resistance. 2. ICICI Bank is consolidating with a negative bias for short term. 1160 remain a strong resistance and 1140 remain a good support. 3. Reliance is very bearish. 2825 remain a strong support. Any break of this will be very bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22400 - 22490 : NO trade. However any consolidation and break above 22540 is a buy. 2.NIFTY OPEN ABOVE 22490: Any consolidation and break above 22540 is a buy. 3.NIFTY OPEN BELOW 22400 : Any consolidation and break below 22375 is a sell. Tgt 22250. 4.BANK NIFTY OPEN BETWEEN 48750 - 49020 : No trade. 5.BANK NIFTY OPEN ABOVE 49020: Any consolidation and break above 49200 is a buy. 6.BANK NIFTY OPEN BELOW 48760 : Sell any rally to 49990. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFRY FOR 06 MAY 202406 MAY 2024 WORLD MARKETS 1. All the world markets are looking bullish. US markets are up 1- 1.5%. 2. Asia and Europe are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 and hence at elevated levels. 2. GIFT Nifty is indicating 112 points uptick @22600 for Nifty and Bank Nifty is indicating gap up to 49200. INDEX HEAVY WEIGHTYS 1. HDFC Bank is consolidating in a range 1498 - 1535 levels. 1500 remain a strong support and 1535 strong resistance. 2. ICICI Bank is consolidating with a little higher volatility. 1122 remain a strong support. Any break of it will be bearish. 3. Reliance has support at 2830 levels. It is looking bearish. TRADING PLAN: NIFTY OPEN BETWEEN 22350 - 22600: Any rise to 22600 and break below 22500 will be a sell. 4. NIFTY TRADE ABOVE 22600: Any consolidation between 22500 - 22600 and break above is a buy and break below 22500 is a sell. 3. NIFTY OPEN BELOW 22350: Any rally to 22500 is a sell. 4.BANK NIFTY OPEN BETWEEN 49200 - 48660: Any rally to 49200 and break below 48950 is a sell. 5.BANK NIFTY OPEN ABOVE 49200 : Sell any weakness and break below 49000. however CONSOLIDATION AND BREAK ABOVE 49200 is a buy. 6.BANK NIFTY OPEN BELOW 48650: Sell any rally to 4890. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 APR 202426 apr 2024 WORLD MARKETS 1. World markets are looking positive. INDIA VIX AND GIFT NIFTY 1.India VIX is below 11 indicating more bullishness. 2. GIFT Nifty is indicating a gap down of 112 points. Surprising. Back below 22500 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is still consolidating with a narrow range of 1500 - 1515. We may see more consolidation with negative bias. 2. ICICI Bank is looking bullish as it has closed above 1100. we may see consolidation tomorrow. 3. Reliance as explained took support at 2387 levels and bounced back post lunch. ANALYSIS 1. KOTAK Bank news made all the difference today. Loss to Kotak bank business is gain to Axis, SBI and ICICI which were up almost 5 - 6 %. If this euphoria bursts tomorrow, we may see a neutral to negative day, not bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22657 - 22481 : Buy any dip 22500. 2.BANK NIFTY OPEN ABOVE 22657 : Wait for a dip to 22500. 3. NIFTY OPEN BELOW 22481: Buy any move above 22500. 4. BANK NIFTY OPEN BETWEEN 48250 - 48740: Buy any dip to 48400 - 48300 levels. 5.BANK NIFTY OPEN ABOVE 48750 : Wait for a dip to 48500. 6. BANK NIFTY OPEN BELOW 48240: Sell break below 47900. Buy any consolidation and move above 48300. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968