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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 12 AUG 202412 Aug 2024 WORLD MARKETS 1. World Markets have recovered and made a pull back. But the world markets are still bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 15.3 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is rangebound. It has support at 1640 and resistance at 1660. 2. ICICI Bank is consolidating between 1160 -1180. Any break of this range will give direction to market. 3. Reliance has support at 2940 and resistance at 2960. 4. It is looking bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 24330 - 24400 : No Trade. 2. NIFTY OPEN ABOVE 24400: Wait for a consolidation and break above 24450. 3.NIFTY OPEN BELOW 24330: Wait for a consolidation and break below 24300 decisively. 4.BANK NIFTY OPEN BETWEEN 50400 - 50575: NoTrade. 5.BANK NIFTY OPEN ABOVE 50575: Wait for a consolidation and break above 50650 decisively. 6.BANK NITFY OPEN BELOW 50400: Wait for a consolidation and break below 50300 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 12 AUG 202412 Aug 2024 WORLD MARKETS 1. World Markets have recovered and made a pull back. But the world markets are still bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 15.3 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is rangebound. It has support at 1640 and resistance at 1660. 2. ICICI Bank is consolidating between 1160 -1180. Any break of this range will give direction to market. 3. Reliance has support at 2940 and resistance at 2960. 4. It is looking bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 24330 - 24400 : No Trade. 2. NIFTY OPEN ABOVE 24400: Wait for a consolidation and break above 24450. 3.NIFTY OPEN BELOW 24330: Wait for a consolidation and break below 24300 decisively. 4.BANK NIFTY OPEN BETWEEN 50400 - 50575: NoTrade. 5.BANK NIFTY OPEN ABOVE 50575: Wait for a consolidation and break above 50650 decisively. 6.BANK NITFY OPEN BELOW 50400: Wait for a consolidation and break below 50300 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 AUG 202408 AUG 2024 WORLD MARKETS 1. US and Asia has recovered and looking to resume uptrend. 2. Europe is still looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed by 13.7% indicating decrease in volatility. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK repeatedly took support at 1600 and settled at 1623. Any break above 1630 will be bullish for a tgt of 1645 and 1655. 2. ICICI Bank has taken support at 1171. If 1172 is sustained, we may see 1180. 3. Reliance has taken support at 2930 - 2900. So any break above 2935 will be bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 24336 - 24256: NO Trade. 2.NIFTY OPEN ABOVE 24335: Buy any dip to 24300 and break above 24350 decisively. 3. NIFTY OPEN BELOW 24256: Wait for a consolidation and break below 24130. 4. BANK NIFTY OPEN BETWEEN 49980 - 50260: NO Trade. 5.BANK NIFTY OPEN ABOVE 24260: Wait for a consolidation and break above 50400. 6. BANK NIFTY OPEN BELOW 49980: Wait for a consolidation and break below 49750 decisively. However any rally to 50030 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 06 AUG 2024.06 Aug 2024 WORLD MARKETS 1. world markets have turned extremely bearish. US markets are down 2.0 -2.5%. 2. Asia is down by 5 - 8%. INDIA VIX AND GIFT NIFTY 1. India VIX is above 20 indicating extreme bearishness. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has good support at 1600 - 1612 levels. Any opening below this will be bearish. 2. ICICI Bank has resistance at 1171. Any break below 1166 will be bearish. 3. Reliance has very strong support at 2580 level.2930 is a strong resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 23930 - 24184 : No trade. However any rally to 24180 will be a sell. 2.NIFTY OPEN ABOVE 24180: Sell any rally to 24350 levels. 3. NIFTY OPEN BELOW 23920: Sell any rally to 24000. 4.BANK NIFTY OPEN BETWEEN 49800 - 50375: Sell any rally to 50430. 5.BANK NIFTY OPEN ABOVE 50375: Sell any rally to 50500. 6.BANK NIFTY OPEN BELOW 49800: Sell any rally to 50000. 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 JUL 202426 Jul 2024 WORLD MARKETS 1. All the world markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has shot up to 12.7. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1611 but closed below 1618.5. Any move above 1620 is bullish. Any break down below 1615 will be bearish. 2. ICICI Bank has resistance at 1200. If it manage to break 1200, it will be bullish. However it can trade between 1590 - 1625. 3. Reliance is in range between 3000 - 2950. TRADING PLAN 1.NIFTY OPEN BETWEEN 24350 - 24460: No trade. 2.NIFTY OPEN ABOVE 24460: Wait for a consolidation and break above 24530 decisively. 3.NIFTY OPEN BELOW 24350: Sell any rally to 24400. 4. BANK NIFTY OPEN BETWEEN 50775 - 50950: No trade. 5.BANK NIFTY OPEN ABOVE 50950: Wait for a consolidation and break above 51110. 6.BANK NIFTY OPEN BELOW 50775: Wait for a consolidation and break below 50600 decisively. Alternatively Any weakness at 50800 can be sold into. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 JUL 202426 Jul 2024 WORLD MARKETS 1. All the world markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has shot up to 12.7. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1611 but closed below 1618.5. Any move above 1620 is bullish. Any break down below 1615 will be bearish. 2. ICICI Bank has resistance at 1200. If it manage to break 1200, it will be bullish. However it can trade between 1590 - 1625. 3. Reliance is in range between 3000 - 2950. TRADING PLAN 1.NIFTY OPEN BETWEEN 24350 - 24460: No trade. 2.NIFTY OPEN ABOVE 24460: Wait for a consolidation and break above 24530 decisively. 3.NIFTY OPEN BELOW 24350: Sell any rally to 24400. 4. BANK NIFTY OPEN BETWEEN 50775 - 50950: No trade. 5.BANK NIFTY OPEN ABOVE 50950: Wait for a consolidation and break above 51110. 6.BANK NIFTY OPEN BELOW 50775: Wait for a consolidation and break below 50600 decisively. Alternatively Any weakness at 50800 can be sold into. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PREMARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 JUL 202424 Jun 2024 WORLD MARKETS 1.World markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX has come down drastically post budget from 15 to 12.5. So we will be entering a range bound movement for a few days. 2. GIFT Nifty is indicating a flat opening as expected. INDEX HEAVY WEIGHTS 1. HDFC Bank is agin taking support at 1615 level. This is a strong support. 2. ICICI Bank has taken support at 21 SMA at 1220. Resistance is between 1230 -1240. 3. Reliance has strong resistance at 3000. ANALYSIS 1. Nifty has closed flat supported by TITAN and ITC. Banking index is looking bearish. after a drop of 500 points it may get rangebound between 51500 -52000. TRADING PLAN 1. NIFTY OPEN BETWEEN 24340 -24620 : Buy any dip to 24350 - 24400 levels. 2. NIFTY OPEN ABOVE 24620: Buy any dip to 24500. 3.NIFTY OPEN BELOW 24340 : Sell any rally to 24400 levels. 4.BANK NIFTY OPEN BETWEEN 51450 - 52100 : Sell any rally to 52100 and fall below 51900. 5.BANK NIFTY OPEN ABOVE 51100: Sell any consolidation and break below 51900. 6. BANK NIFTY OPEN BELOW 51450 : Buy any consolidation and break above 51630. 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 18 JUL 202418 Jul 2024 WORLD MARKETS 1. All the world markets are correcting. The elections and the events post campaigning may have negative effect on the markets. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating an increase in volatility. 2. GIFT Nifty is indicating a downtick of 40 points. This amounts to 120 points in bank nifty at 52200. INDEX HEAVY WEIGHTS 1. HDFC BANK is taking support at 1200 and resistance is at 1235. 2. ICICI Bank has resistance at 1250. Good support is at 1230. 3. Reliance has support at 3130. Any break of this will be bearish. Next support is at 3120. ANALYSIS. 1. Market is consolidating with a positive bias. This consolidation is mainly due to budget on 23 July 2024. We may see more consolidation with a negative bias. Any action can only be seen post 23 Jul 2024. So option buyers has to wait. TRADING PLAN 1. NIFTY OPEN BETWEEN 24590 - 24632: No trade. 2. NIFTY OPEN ABOVE 24632: Buy any break out above 24660. Any consolidation between 24550 - 24650 is a buy. 3.NIFTY OPEN BELOW 24590: Sell any consolidation and break below 24550. 4.BANK NIFTY OPEN BETWEEN 52480 - 52315: No Trade. 5.BANK NIFTY OPEN ABOVE 52480 : Buy any consolidation and break above 52700. But see if there is any pull back happen at 52500. 6. BANK NIFTY OPEN BELOW 52315: Sell any rally to 52500. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 16 JUL 202416 Jul 2024 WORLD MARKETS 1. US and Europe is looking very bullish. 2. Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is up 3.75% indicating an increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has taken support at 1620. It has resistance at 1645. 2. ICICI Bank has resistance at 1235. If it break 1220, it will be bearish. 1200 seems to be next support. 3. Reliance is moving between 3160 -3210. ANALYSIS 1. Nifty is looking bullish. It has closed above 24500. 2. Bank Nifty is in a range and can be bullish above 52800 and support at 52100. 3. Fin Nifty has goos support t 23500. Resistance can be seen at 23750. 4. Buy on dips will be a good strategy. However this expiry may support option sellers. little scope for option buyers unless one has the the ability to scalp 30 -40 points quickly. TRADING PLAN 1. NIFTY OPEN BETWEEN 24565 - 24610 : any dip can be bought into. 2. NIFTY OPEN ABOVE 24610: Buy any consolidation and breakout above 24635. 3.NIFTY OPEN BELOW 24560: Buy any consolidation and break above 24600. 4.BANK NIFTY OPEN BETWEEN 52595 - 52315 : Buy any dip to 52300 levels. 5.BANK NIFTY OPEN ABOVE 52600 : Wait for a consolidation and break above 52730. Buy any dips. 6.BANK NIFTY OPEN BELOW 52317: Sell any rally to 52500. 7.FIN NIFTY OPEN BETWEEN 23760 - 23630: NO TRADE 8. FIN NIFTY OPEN ABOVE 23750: Buy any dip to 23600. 9. FIN NIFTY OPEN BELOW 23630: Sell any consolidation and break below 23550. 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 JUL 202405 JUL 2024 WORLD MARKETS 1. World markets are looking neutral to bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more room for bullishness. 2. GIFT NIFTY is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank made a red candle for the second day. It is heading to 1700 level. However it has strong support at 1726. 3. ICICI BANK has made a hanging man. It is attempting to cross ATH at 1235. 3. Reliance is consolidating with a bullish bias. 3100 remain a strong support. ANALYSIS 1. NIFTY has moved almost 1000 points since 21 Jun 2024. Bank Nifty has moved 2000 points. 2. Some consolidation and pull back may be expected. So better to be cautious. 3. However indices look very bullish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24270 - 24333: NO TRADE. 2.NIFTY OPEN ABOVE 24333: Wait for a consolidation and break above 23400 decisively. However any dip to 24300 will be a buy. 3. NIFTY OPEN BELOW 24270: Wait for a consolidation and break below 24230 levels. However any rally to 24300 and break below 24250 can be accumulated. 4.BANK NIFTY OPEN BETWEEN 53250 - 552950 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 53250: Wait for a consolidation and break above 53300 decisively. However any dip to 53100 can be accumulated. 6.BANK NIFTY OPEN BELOW 52950: Wait for a consolidation and break below 52800 decisively. However any weakness at 53000 can be accumulated . 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 03 JUL 202403 JUL 2024 WORLD MARKETS 1. US markets are consolidating and waiting for the FOMC decision and Non farm pay roll. 2. Europe is looking bearish while Asia is looking neutral. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating bullishness. 2. GIFT NIFTY is indicating 50 points uptick at 24180 levels. This amount to 52300 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank has good support at 1720. It may consolidate in the range of 1720 - 1735. 2. ICICI Bank is looking bearish. But it has multiple support at 1175. However there is strong resistance at 1195. 3. Reliance has support at 3100. Any move above 3150 will be bullish. TRADING ANALYIS 1. Indices may consolidate between 52000 to 52500 levels and 24000 to 24200 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24172-24070 : NO TRADE. 2.NIFTY OPEN 24172: Wait for a consolidation between 24100 -24222 and break above 24230. 3.NIFTY OPEN BELOW 24070 : Wait for a break below 21990. 4.BANK NIFTY OPEN BETWEEN 52423 - 519940 : Sell any rally to 52500 and break below 52400. 5.BANK NIFTY OPEN ABOVE 52430: Wait for consolidation and break above 52600. 6.BANK NIFTY OPEN BELOW 51940 : Sell any rally 52200 and break below 52000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 02 JULY 202402 JUL 2024 WORLD MARKETS 1. US markets are looking neutral to bullish. 2. Europe is looking bearish. 3. Asia is bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating bullishness to continue. 2. GIFT Nifty is indicating a flat opening as of now. INDEX HEAVY WEIGHTS. 1.HDFC Bank is consolidating with a bullish bias. it has good support at 1695. It can turn bullish above 1710. 2. ICICI Bank has good support at 1200. It can turn bullish only above 1217. 3.Reliance is consolidating with a bullish bias. 3100 is a good support.It can turn bullish above 3126. ANALYSIS 1.Indices are consolidating with a bullish bias. It may consolidate benefiting option sellers. Option buyers may have to wait for a breakout. Risk reward in range bound will be very less. TRADING PLAN 1. NIFTY OPEN BETWEEN 24190 - 24090 : No Trade. 2.NIFTY OPEN ABOVE 24200 : Buy any dip to 24100. 3. NIFTY OPEN BELOW 24090: Sell any consolidation and break below 24000. 4.BANK NIFTY OPEN BETWEEN 52710 - 52430 : NO TRADE. 5. BANK NIFTY OPEN ABOVE 52720: Buy any consolidation between 52500 - 52720 and a decisive breakout. 6.BANK NIFTY OPEN BELOW 52435: Wait for a consolidation and break below 52300 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 JUN 202426 JUN 2024 WORLD MARKETS 1. World markets are looking neutral to bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating bullishness. 2. GIFT NIFTY is indicating a flat opening with 40 points dip @ 23680. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. However it may consolidate post 2.3 % up move. 1690 is a good support. 2. ICICI Bank is also looking bullish. It has support at 1196 an1179. 3. Reliance has turned bullish. It has resistance at 2920. ANALYSIS 1. Indices have turned bullish. India VIX is below 15. 2. Bank Nifty may consolidate after a big move. Nifty need to catch up. So we can see some traction in nifty tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 23775 -23665: Any dip to 23600 and move above 23650 is a buy. 2.NIFTY OPEN ABOVE 23775: Buy any dip to 23650level. 3.NIFTY OPEN BELOW 23665: Sell any consolidation and move below 23500. 4.BANK NIFTY OPEN BETWEEN 5230 -52880: Any dip to 52300 and move above 52550 is a buy. 5. BANK NIFTY OPEN ABOVE 52880: Any dip to 52550 is a buy. 6.BANK NIFTY OPEN BELOW 52330: Any dip to 5200 and move above 52330 is a buy. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 20 JUN 202421JUN 2024 WORLD MARKETS 1. US markets are looking bullish except DJI. 2. Europe is bearish except FTSE. Asia is looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 13 indicating more bullishness. GIFT Nifty is indicating a flat opening. But we may not sure if it gap up as today. INDEX HEAVY WEIGHTS. 1.HDFC Bank is consolidating after a 3.1 % move. It may consolidate more In the range of 1658 - 1677. 2. ICICI Bank has good support at 1155. 1170 is the next target. 3. Reliance has turned choppy in the range of 2920 - 2970. It is being used to manage Nifty at 23500 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 23515 - 23617 : Buy any dip to 23500 and move above 23550. 2. NIFTY OPEN ABOVE 23617: Buy any dip to 23550. 3.NIFTY OPEN BELOW 23515: Sell any rally to 23515 and break below 23500. 4.BANK NIFTY OPEN BETWEEN 51620 - 51940 : NO TRADE. 5. BANK NIFTY OPEN ABOVE 23940: Wait for a consolidation and break above 52000 decisively. Avoid buying first break out candle. 6. BANK NIFTY OPEN BELOW 51630 : Wait for a consolidation and break below 51450 decisively. If the break out happen above 51650, then we can add long position, with a stop loss at 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 20 JUN 202420 JUN 2024 WORLD MARKETS 1. World markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX has risen by 5 % but still below 15. 2. GIFT Nifty as of now is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1650. 2. ICICI Bank has turned bullish and has support at 1135. It may continue its out performance tomorrow. 3. Reliance was used to manage the Nifty very well and has ensured that Nifty stay at 23500. It has good support at 2910. Resistance can be seen at 2925. ANALYSIS 1. HDFC Bank and ICICI Bank took Bank nifty up 950 points. 2. Reliance balanced out the outperformance in Bank Nifty by closing 1.5% down. 3. Indices may consolidate tomorrow. Bank Nifty with a positive bias. and Nifty with a negative bias. 4. Will be difficult to trade tomorrow. 5. Those who made profit better to stay away tomorrow and take a break. TRADING PLAN 1. NIFTY OPEN BETWEEN 23447 AND 23585: NO TRADE. 2.NIFTY OPEN ABOVE 23580 : Wait for a consolidation and decisive break above 23600. However any dip can be bought into. 3.NIFTY OPEN BELOW 23447: Wait for a consolidation and break above 23530 decisively. 4.BANK NIFTY OPEN BETWEEN 50984 - 51810 : Buy any dip to 51000 and break above 51230 decisively. 5.BANK NIFTY OPEN ABOVE 51984: Sell any weakness at 52000 and break below 51800 decisively. 6. BANK NIFTY OPEN BELOW 51980: Wait for a consolidation and break above 51250 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:BANKNIFTY
by sam20051968
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