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PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 23 JAN 202423 JAN 2024 WORLD MARKETS 1. US markets has turned bullish after brief consolidation. 2. Europe is bearish whereas the Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 13 indicating volatility and fear. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking weak but it is oversold. A pull back may be possible. 2. ICICI Bank is choppy with a positive bias. we may see an up move. 3. Reliance is consolidating with a negative bias. ANALYSIS 1. The Indices are consolidating in a very broad range. 2. The fall in Indices is mainly due to HDFC Bank. However other indices like MIdcap 150, metal and Oil and Gas are all looking bullish. 3. The event on 22 jan may put some positiveness into the market before market decides its next move. 4. Also the World market and US markets specifically looking positive. TRADING PLAN 1. NIFTY OPEN BETWEEN 21525 -21620 : No Trade. 2.NIFTY OPEN ABOVE 21620 : Wait for a consolidation and break above 21670. 3. NIFTY OPEN BELOW 21525 : Wait for a consolidation and break below 21450. 4. BANK NIFTY OPEN BETWEEN 45900 - 46200 : No Trade. 5. BANK NIFTY OPEN ABOVE 46200 : Buy any consolidation between 46000 - 46200 and break above 46220. Any repeated dip to 46000 can be brought. SL 45900. 6. BANK NIFTY OPEN BELOW 46000 : Wait for a consolidation between 46000 - 45900 and break below 45840. 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 FOR NIFTY AND BANK NIFTY FOR 17 JAN 202417 Jan 2024 WORLD MARKETS 1. US markets are still consolidating and in a range. 2. Europe is consolidating with a negative bias. 3. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 indicating increased volatility and GIFT Nifty is indicating a muted start. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1683 is a resistance it need to cross. 2. ICICI Bank is bullish however it may consolidate till quarterly result. 1010 is still a good resistance. 3. Reliance as discussed is over bought and may consolidate with a negative bias till result. ANALYSIS 1. Nifty has a good resistance at 22175 and need to be cleared for further bullishness. 2. Bank nifty is reacting to results of Banking stock with a bullish bias. 48000 still is a good support while 48305 is a strong resistance that need to be cleared. TRADING PLAN 1. NIFTY OPEN BETWEEN 22075 -21990 : No Trade 2. NIFTY OPEN ABOVE 22075 : Wait for a consolidation and break above 22125. 3.NIFTY OPEN BELOW 21990 : Wait for a consolidation and break below 21950. 4.BANK NIFTY OPEN BETWEEN 48200 - 48040 : Buy any dip to 48000 and move above 48150.Buy in small lots. Agreeive buying can be done if 48310 is cleared decisively. 5.BANK NIFTY OPEN ABOVE 48209 : Wait for a consolidation and break above 48310. Buy any dip to 48100 and break above 48209. 6.BANK NIFTY OPEN BELOW 48040 : Wait for a consolidation and break below 47950. 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 16 JAN 202416 Jan 2024 WORLD MARKETS 1. US Markets are consolidating with a bullish bias. 2. Europe is loooking weak with negative bias. 3. Asia is mixed with NIKKEI looking bullish while KOSPI bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 indicating increase in volatility. This gives good opportunity for intraday trade. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a bullish engulfing candle. It has good support at 1660. 1675 is a resistance. If it breaks it then Bank Nifty may turn bullish. 3. ICICI Bank has closed above 1005 and has turned bullish. Next tgt for it will be 1028. 3. Reliance is over bought and may consolidate. ANALYSIS 1. Tomorrow is HDFC Bank Result. So market initially in the morning may remain volatile. 2. HDFC Bank is expected to come with good result. 3. So buy on dips will be a good strategy. TRADING PLAN 1. NIFTY OPEN BETWEEN 22050 - 22135 :Buy any dip to 22050. 2. NIFTY OPEN ABOVE 22135. Wait for a consolidation and break above 22200. Any dip to 22100 -22050 will be a good buy. 3. NIFTY OPEN BELOW 22050: Wait for a consolidation and move above 22050 to buy. 4. BANK NIFTY OPEN BETWEEN 48275 - 48050 : Buy any dip to 48000. 5.BANK NIFTY OPEN ABOVE 48175 : Wait for a consolidation and break above 48200. 6. BANK NIFTY OPEN BELOW 48050 : Wait for a consolidation and move above 48100 to 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 02 JAN 202402 Jan 2024 WORLD MRKETS 1. World markets were closed today. It is consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is at high and GIFT Nifty is indicating a mute start. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. However on the one Hr chart It has sp at 1689.Any break of it will be bearish for HDFC Bank. 2. ICICI Bank on the other hand is looking bearish on hourly chart. 1000 - 1003 looks a strong resistance. Any close above 1003 can be bullish. 3. Reliance is consolidating with a bullish bias. ANALYSIS 1. Market is witnessing huge volatility. 2. For Nifty 21600 seems to be a good sp. Any break of it will be bearish. 3. Bank Nifty is trading in a range of 48500 - 48000. We can see direction only after the break of these levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 21700 - 21785 : Sell any rally to 21800 level and break below 21750. 2.NIFTY OPEN ABOVE 21800 : Wait for a consolidation and break above 21835. If break happen below 21750 sell. 3.NIFTY BREAK BELOW 21700 : Wait for a break below 21650. 4. BANK NIFTY OPEN BETWEN 48400 - 48125 : Sell any rally to 48400 and break below 48300. 5. BANK NIFTY OPEN ABOVE 48500 : Wait for a consolidation between 48400 - 48530 and break above 48540. If it break below 48300 sell. 6. BANK NIFTY OPEN BELOW 48125: Sell any rally to 48300 and break below 48125. 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 20 DEC 202319 Dec 2023 WORLD MARKETS 1. US markets are looking over bought and tired. 2. NASADAQ is bullish. 3. Europe is also looking over bought except FTSE. 4. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX has reached almost 14. This indicates increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating between 1650 - 1630. 2. ICICI Bank has good sp at 1014 - 1010. Any break of this will be bearish for a tgt of 1003. 3. Reliance is looking bullish. It has good sp at 2540. ANALYSIS 1. World markets are over bought and is consolidating. 2. Indian Indices are also consolidating. Nifty is consolidating between 21360 - 21500. Bank Nifty is consolidating between 47500 - 48100. 3. Indices may continue to consolidate. Any break of these levels will give directional move. Till That time option buyers should stay way from market. Scalpers can buy at low and sell at high which is risky. TRADING PLAN 1.NIFTY OPEN BETWEEN 21400 - 21500. : No trade. 2. NIFTY OPEN ABOVE 21500 : Buy any consolidation and break above 21550. 3.NIFTY OPEN BELOW 21400 : Sell below 21350. 4.BANK NIFTY OPEN BETWEEN 47970 - 47770 : No trade. 5.BANK NIFTY OPEN ABOVE 47970 : Wait for a consolidation and break out above 48075. 6.BANK NIFTY OPEN BELOW 47770 : Sell any consolidation and break below 47650. 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 FOR NIFTY AND BANK NIFTY FOR 18 DEC 202318 Dec2023 WORLD MARKETS 1. US Markets are looking tired and over bought. While NASDAQ has still some steam left. 2. Europe has already started pulling back. 3. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 indicating increased volatility. Some correction may be in order. 2. GIFT Nifty is indicating a 80 points down tick at 21375. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has good sp at 1635. The next tgt will be 1675. Any break of 1635 will be bearish for short term. 2. ICICI Bank has good sp at 1010. Otherwise it is looking very bullish. 3. Reliance has good sp at 2490 and its next tgt is 2521. 4. IT heavy weights are on fire. ANALYSIS 1. We are in Dec. Usually there will be a rally in Dec. Trading activity may decline in US due to christmas and New year. People may like to open afresh in new year and hence may not like to keep position. 2. US and Indian Markets have reached the peak of interest rate hike. So we may see interest rate reduction in future monetary policy meets. So easy money will come through. So economic activity may pick up. 3. There will some small violent pull backs, but the overall market direction will be bullish. 4. So better to trade long and avoid shorts. However expert traders ride both ways. TRADING PLAN 1.NIFTY OPEN BETWEEN 21400 -21535 : Buy any dip to 21400. 2. NIFTY OPEN ABOVE 21535 : Wait for a dip to 21400. 3. NIFTY OPEN BELOW 21400 : Wait for a consolidation and if indices move above 21400 buy. If indices break below 21320 then sell. 4. BANK NIFTY OPEN BETWEEN 48000 - 48300 : Buy any dip to 48000. BANK NIFTY OPEN ABOVE 48300 : Wait for a dip to 48000. 6. BANK NIFTY OPEN BELOW 48000 : Wait for a break down below 47800. However if the Indices rise above 48000 after consolidation between 47800 - 48000, then 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 FOR NIFTY AND BANK NIFTY FOR 15 DEC 202315 Dec2023 WORLD MARKETS 1. World Markets are looking very bullish post the US fed rate decision to hold the interest rate. But US are over stretched. INDIA VIX AND GIFT NIFTY 1. India VIX has risen by2 % at 12.3 . 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish. 1675 is the next tgt. It has sp at 1640. 2. ICICI Bank is looking very bullish. It is in unchartered territory. 1015 is a very strong sp. ANALYSIS 1. Indian indices is on a roll with a good pull back. But one should remain cautious at these levels. 2. HDFC Bank and ICICI bank are bullish. TRADING PLAN 1. NIFTY OPEN BETWEEN 21150 - 21220 : NO TRADE. 2. NIFTY OPEN ABOVE 21220: Buy any dip to 21150. 3. NIFTY OPEN BELOW 21145 : Sell any consolidation and break below 21100. 4. BANK NIFTY OPEN BETWEEN 47850 - 47612 : Buy any dip to 47650. 5.BANK NIFTY OPEN ABOVE 47860. Wait for a break out above 48000. 6.BANK NIFTY OPEN BELOW 47600. Sell any rally to 47700. If Bank Nifty open gap up and start trading below 47700, we can 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.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 DEC 202314 Dec 2023 WORLD MARKETS 1. US markets are looking bullish and has still some steam left. 2. Europe is looking tired and looking for a pull back. 3. Asia is looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed by 5% but still above 12. 2. GIFT Nifty is indicating 10 points uptick @ 20935. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bearish for short term. It may be range bound between 1580 - 1650.1620 is a good Sp. 2. ICICI Bank is still looking bullish. It may consolidate between 1000 - 1020. 3. Reliance has sp at 2410. Any break of this will be bearish. ANALYSIS 1. Indices are consolidating with a bullish bias. Nifty has good sp at 20750 and any break of this will be bearish. 2. Bank Nifty has sp at 46750 and any break of this will be bearish. 3. I remain bullish for long term but bearish for short term. TRADING PLAN 1.NIFTY OPEN BETWEEEN 20975 - 20875 : Buy any dip to 20850. 2.NIFTY OPEN ABOVE 20975 : Wait for a consolidation and break above 21025. 3.NIFTY OPEN BELOW 20850 : Sel Any break of 20820. 4.BANK NIFTY OPEN BETWEEN 47175 - 47000 : Buy any dip to 46900 and move above 47000. 5. BANK NIFTY OPEN ABOVE 47185 : Buy any dip to 47150 and move above 47220. 6.BANK NIFTY MOVE BELOW 47000: Sell any consolidation and break down below 46850. 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 FOR NIFTY AND BANK NIFTY FOR 13 DEC 202313 Dec 2023 WORLD MARKETS 1. US and Asian Markets are looking bullish and it has still some steam left. 2. Europe is looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12.5 indicating increased volatility. We may expect further down side in short term. 2. GIFT Nifty is indicating a flat openeing. INDEX HEAVY WEIGHTS 1. HDFC BAnk is looking bearish. It may pull back to 1600 levels in short term. 2. ICICI Bank is consolidating with a bullish bias. It is stopping the bank nifty from falling. 3. Reliance has pulled back. Next sp is at 2380 levels. 4. IT is looking Bullish. ANALYSIS 1. Indices are looking over stretched. Hence a consolidation is in order. Nifty may consolidate between 20500 - 21000 levels and bank nifty 46500 - 47500 levels. 2. So a pull back to 20500 in Nifty and to 46500 in Bank Nifty can happen. 3. It is more likely in Nifty since reliance and HDFC Bank are looking weak. TRADING PLAN 1. NIFTY OPEN BETWEEN 20950 - 20850 : Sell Any rally to 20950 levels. 2. NIFTY OPEN ABOVE 20950 : Wait for a break out above 21010 levels. 3. NIFTY OPEN BELOW 20850 : Wait for a consolidation and break below 20800. Tgt 20730. 4.BANK NIFTY OPEN BETWEEN 47225 - 46980 : Sell Any rally to 47250 levels. 5. BANK NIFTY OPEN ABOVE 47225 : Wait for a consolidation and break above 47350. 6. BANK NIFTY OPEN BELOW 46950 : Sell Any Rally to 47000. Or wait for a consolidation and break below 46850. Tgt 46650. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 12 DEC 202312 Dec 2023 WORLD MARKETS 1. All the World Markets are looking bullish. However they are looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is at 12.7 indicating increase in volatility. We may see some volatility and a pull back before the market goes up. 2. GIFT Nifty is indicating a flat opening a 15 points down tick. INDEX HEAVY WEIGHTS 1. HDFC Bank is extremely over stretched and may consolidate with a negative bias. We may see a pull back to 1620 levels. 2. ICICI Bank however is bullish and has some steam still left. It is at all time high and hence tgt cannot be given. 3. Reliance is looking bullish. it is consolidating with a bullish bias. 4. IT is looking bullish. ANALYSIS 1. Indices are looking over stretched. It is expected to pull back in short term. 2. HDFC Bank is looking tired while ICICI Bank is looking bullish. This may keep the indices range bound. 3. Better to wait for a pull back before going long. TRADING PLAN 1.NIFTY OPEN BETWEEN 20971 - 21025 : No Trade. 2. NIFTY OPEN ABOVE 21025 : Wait for a consolidation and break above 21055. 3.NIFTY OPEN BELOW 20960 : Wait for a consolidation and break below 20940. 4.BANK NIFTY OPEN BETWEEN 47425 - 47200 : No Trade. 5. BANK NIFTY OPEN ABOVE 47425 : Wait for a consolidation and move above 47530. Any dip to 47350 and consolidation and break above 47430 can be bought. 6. BANK NIFTY OPEN BELOW 47200 : Sell Any consolidation and break below 47200. 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 FOR NIFTY AND BANK NIFTY FOR 11 DEC 202311 dec 2023 WORLD MARKETS 1. All the world markets are looking bullish except NIKKEI. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 12.5 any reducation in VIX will induce furher rally in the market. 2. GIFT Nifty is indicating a flat start. This due to last hour rally in Nifty and Bank Nifty on Friday. INDEX HEAVY WWEIGHTS 1. 1650 is a strong resistance for HDFC Bank. However if it crosses it it has a tgt of 1676. 2. ICICI BAnk is bullish and has sustained above all time high at 1011. It has further upside. 3. Reliance is consolidating at 2450 levels with a bullish bias. ANALYSIS 1. RBI has kept REPO rate unchanged. 2. World markets are bullish. Index heavy weights are all looking bullish. 3. Market is looking over bought. But market may remain over bought for long. 4. So view should be to buy on dips. TRADING PLAN 1. NIFTY OPEN BETWEEN 20945 -21008 :Buy any dip to 20945. 2. NIFTY OPEN ABOVE 21008. : Wait for a dip to 20975 and break above 21000 to buy. 3.NIFTY OPEN BELOW 90945 : Wait for a break below 20890. 4. BANK NIFTY OPEN BETWEEEN 47140 - 47400 :Buy any dip to 47100. 5. BANK NIFTY OPEN ABOVE 47400 : Buy any dip to 47200 levels. 6.BANK NIFTY OPEN BELOW 47119 : Wait for a break down below 46775. 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 FOR NIFTY AND BANK NIFTY FOR 08 DEC 202308 DEC 2023 WORLD MARKETS 1. World Markets are looking Bullish. There is still some steam left in the markets. Only NIKKEI has turned bearish. INDIA VIX AND GIFT NIFTY 1. India VIXis below 13 indicating reduction in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC BANK IS ABOVE 200SMA and is surely bullish. But it is reaching over bought levels. 2. ICICI Bank is holding on to all time high levels of 1008. It may consolidate before an up move. 3. Reliance has turned bullish and holding on to 2450 levels. ANALYSIS 1. Today is the RBI Monetary policy metting. 2. RBI may keep the repo rate unchanged. But the commentary by the RBI will what drive the market. 3. Nfty is clearly looking over bought TRADING PLAN 1. NIFTY OPEN BETWEEN 20925- 20876 : No trade. 2. NIFTY OPEN ABOVE 20925 : Wait for a break out above 20950. 3. NIFTY OPEN BELOW 20875 : Wait for a break out below 20850. 4. BANK NIFTY OPEN BETWEEN 46955 - 46730 : No trade. 5.BANK NIFTY OPEN ABOVE 46965 : Wait for a break out above 47070. 6. BANK NIFTY OPEN BELOW 46730: Wait for a break down below 46600. 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 FOR NIFTY AND BANK NIFTY FOR 01 DED 202301 Dec 2023 WORLD MARKETS 1. US and Europe is consolidating with a bullish bias. However it looks over bought. Asia is looking strong and bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 indicating volatility increase. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1540 still remain a good sp, whereas the resistance is at 1573.We may see a good consolidation between 1540 - 1575. 2. ICICI Bank is the spoiler which is choppy and not letting Bank nifty the free run. It is stuck between 925 - 950. 933 remain a strong sp. 3. Reliance has good sp at 2365. Any move below 2365 will be bearish. However 2332 is a good sp. ANALYSIS 1. As expected, market remained in the range 20150 - 20050. Bank nifty has also remained between 43300 - 43600. 2. We may see this range for a few more days before the market break out. Wait for a break out patiently. 3. Range bound play will be difficult to profit when the premium movement is 100 points. TRADING PLAN 1. NIFTY OPEN BETWEEN 20100 -20171 : Buy any dip to 20000. 2.NIFTY OPEN ABOVE 20171 : wait for a consolidation and break above 20200. 3. NIFTY OPEN BELOW 20050 : Wait for a consolidation and break below 20050. 4. BANK NIFTY OPEN BETWEEN 44622 -44344 : No trade. 5. BANK NIFTY OPEN ABOVE 44622 : Wait for a consolidation and break out above 44760. 6.BANK NIFTY OPEN BELOW 44330 : Wait for a consolidation and break below 43200. 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 FOR NIFTY AND BANK NIFTY FOR 29 NOV 2023WORLD MARKETS 1. All the world Markets are looking bullish. However they are all looking over bought. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 indicating increase in volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1530 still remain a good level.( support/resistance) 2. ICICI Bank however is looking very choppy and bearish on daily chart. It has closed below 200 SMA. 3. Reliance is looking very bullish. The next tgt will be 2440. ANALYSIS 1. Bank Nifty and Nifty are reaching the crucial levels of 20000 and 44000 resply. 2. We may see some consolidation and volatility at these levels. Next tgt for NIfty and Bank Nifty will be 20100 and 44240 resply. TRADING PLAN 1.NIFTY OPEN BETWEEN 19865 -19931 : Any dip to 19850 is a buy. 2.NIFTY OPEN ABOVE 19931: Buy Any dip to 19900. 3. NIFTY OPEN BELOW 19860 : Sell any break below 19800. 4.BANK NIFTY OPEN BETWEEN 43945 - 43813 : Buy any dip to 43820. 5.BANK NIFTY OPEN ABOVE 43941 : Wait for a consolidation and break above 44010. 6. BANK NIFTY OPEN BELOW 43815 : Wait for a dip below 43700 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 28 NOV 2023WORLD MARKETS 1. US and Europe is looking extremely bullish. They are trying to break the recent swing high. Asia is however mixed. INDIA VIX AND GIFT NIFTY 1. India VIX has cooled down to 11.3. GIFT Nifty is indicating a flat openining. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish and has taken sp at 1530 levels. This acts as crucial sp. The next tgt for HDFC Bank is 1575. 2. ICICI Bank on the other hand is struggling to clear 935 levels. However it has closed above 200 SMA. 3. Reliance has turned bullish. However IT heavey weights have pulled back from the resistance level. EVENTS 1. The only events expected will be the Rajasthan, MP and uttarakhand election results. This will generally indicate the poll pattern for Loksabha. 2. So market may remain rangebound for few days. 3. Nifty is consolidating with a bullish bias. Bank nifty is still choppy. TRADING PLAN 1. NIFTY OPEN BETWEEN 19775 - 19811 : NO TRADE 2. NIFTY OPEN ABOVE 19811 : Wait for a break out above 19835 levels. 3.NIFTY OPEN BELOW 19775 : Wait for a break below 19750. 4.BANK NIFTY OPEN BETWEEN 43840 - 43700 : Buy any dip to 43700 levels. 5.BANK NIFTY OPEN ABOVE 43840 LEVELS. : Wait for a consolidation and breaK ABOVE 43900. 6. BANK NIFTY OPEN BELOW 43700: Sell any rally to 43750 and break below 43700. Tgt 43500. 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 FOR NIFTY AND BANK NIFTY FOR 21 NOV 202321 Nov 2023 WORLD MARKETS 1. US Markets are extremely bullish and the indicies are challenging the recent swing high of 4606 in S&P and 35680 in DJI. 2. Europe and Asia are following US Markets. INDIA VIX AND GIFT NIFTY 1. India VIX has crossed 12 indicating increased fear and volatility. This is may be due to the state elections and its results. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is choppy with a bullish bias.It is trading above 1500 which is a good sp whereas 1520 is a strong resistance. 2. ICICI Bank is below 200 SMA and trading with a negative bias. 930 is a strong resistance now. 3. Relaince has broken below 2350. It is still looking bullish. It has resistance at 2380. 2330 is a strong support. 4. IT index is trading with a bullish bias. ANALYSIS 1. World indices are extremely bullish while Indian Indices are looking for direction and consolidating. This is due to the state election and RBI announcement on Risk weightage for NBFC lending to retail. 2. Market may remain range bound for few more days.Patience is the key. TRADING PLAN 1. NIFTY OPEN BETWEEN 19720 - 19670 : No Trade. 2. NIFTY OPEN ABOVE 19720 : Wait for a break above 19780. 3. NIFTY OPEN BELOW 19670 : Wait for a break below 19630. Sell any rally to 19700. 4. BANK NIFTY OPEN BETWEEN 43511 - 43663 : No trade. Wait for a break above 43750 or below 43450. 5.BANK NIFTY OPEN ABOVE 43660 : Wait for a consolidation and break above 43750. 6.BANK NIFTY OPEN BELOW 43500 : Wait for a break below 43450. 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 FOR NIFTY AN DBANK NIFTY FOR 20 NOV 202320 Nov 2023 WOLRD MARKETS 1. All the world Indices are looking bullish. US and Europe are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is near 12 indicating increased fear and volatility. 2. GIFT Nifty is indicating a 26 points uptick at 19750. INDEX HEAVY WEIGHTS 1. HDFC Bank opened below 1490 and has closed above 1505. It is looking bullish. 2. ICICI BAnk on the other hand has closed below 200 SMA and is looking very bearish. 3. Reliance is looking bullish. it has managed to hold above 2350. ANALYSIS 1. The RBI announcement of additional security for retail lending has spooked NBFC. and Banks.So the hang over may remain for few days. The Bank closed 577 points below whereas the Nifty closed in positive. 2. So the Bank Nifty Move may be a knee jerk reaction. 3. However Bank Nifty Index Heavy weights HDFC Bank and ICICI Bank are moving in opposite direction. TRADING PLAN 1. NIFTY OPEN BETWEEN 19770 -19695 : NO TRADE. 2. NICTY OPEN ABOVE 19770 : Wait for a break out above 19810. 3. NIFTY OPEN BELOW 19695: Wait for a break below 19650. 4.BANK NIFTY OPEN BETWEEN 43690 - 43518 : Sell Any rally to 43750. 5.BANK NIFTY OPEN ABOVE 43690 : Wait for a break out above 43830. 6.BANK NIFTY OPEN BELOW 43521: Sell Any rally 43715. 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 17 NOV 202317 Nov 2023 WORLD MARKETS 1. All the world markets had a sustained rally for past 15 days. US S&P has rallied 364 points which is almost 8% from the swing low. 2. However the market is bullish but may consolidate with a small correction. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.6 indicating increased volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a grave stone doji sort of pattern which indicates break in rally. 1502 still remain a strong support. Bearish bets can be taken only below 1475. 2. ICICI Bank is choppy and remain in a range 930 - 950. 3. Reliance is bullish and has sustained above 2350. 2375 is a stong resistance. Any break of it will be very bullish. Any break below 2325 is bearish. ANALYSIS 1. Nifty has a sustained run of 1000 points from 18800 - 19800. Bank Nifty had a sustained run of 1900 points. We May see some consolidation before we commence the rally. TRADING PLAN 1.NIFTY OPEN BETWEEN 19700 - 19828 : Sell Any rally to 19830. 2. NIFTY OPEN ABOVE 19828 : Wait for a break out above 19900. 3. NIFTY OPEN BELOW 19700 : Sell Any rally to 19750 and break below 19700. 4.BANK NIFTY OPEN BETWEEN 44064 - 44265 : Sell Any rally to 44300. 5. BANK NIFTY OPEN ABOVE 44261: Wait for a consolidation and break above 44350. Any dip to 44250 can be bought. 6.BANK NIFTY OPEN BELOW 44064 : Sell Any rally to 44150 and break below 44020. DISCLAIMER 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 FOR NIFTY AND BANK NIFTY FOR 15 NOV 202314 Nov 2023 WORLD MARKETS 1. US markets are looking bullish on daily time frame. Eurpoe and Asia are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India vIX is above 11 indicating increased volatility. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1.HDFC BAnk if you see last week is consolidating in a narrow range of 1503 - 1475. These two levels have not been broken. HDFc Bank on a daily chart is trading with a bearish bias. 2. ICICI Bank is again trading in a narrow range of 950 - 930. Again these levels have not been broken in the past one week. ICICI Bank is choppy. 3. Reliance for the past 10 days is in a narrow range of 2300 - 2350. It has again not broken these levels. It is trading with a bullish bias. ANALYSIS 1. while the index heavy weights are consolidating in a narrow range, Nifty and Bank Nifty have slowly moved up 400 and 1000 points respectively in the past seven days. 2. This indicates that broader markets may be strenghtening and supporting the indices. 3. put option sellers have been benifited in this one week move. TRADING PLAN 1. NIFTY OPEN BETWEEN 19422 - 19465 : Any dip to 19420 is a buy. 2.NIFTY OPEN ABOVE 19465: Wait for a break above 19500 decisively. Buy Any dip to 19450. 3. NIFTY OPEN BELOW 19420 : Wait for a break below 19400 decisively. 4.BANK NIFTY OPEN BETWEEN 43800 - 43975 : Buy any dip to 43800 and move above 43850. 5.BANK NIFTY OPEN ABOVE 43975 : Wait for a decisive break out above 44050 . 6. BANK NIFTY OPEN BELOW 43800 : Wait for a break below 43730 levels. 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 FOR NIFTY AND BANK NIFTY FOR 13 NOV 202313 Nov 2023 WORLD MARKETS 1. US has broken out of head and shoulder neck on upside. 2. Europe and Asia is consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is steady at 11. 2. GIFT NIfty is indicating 120 points uptick at 19550 Spot. INDEX HEAVY WEIGHTS 1.HDFC Bank is consolidating in a narrow range of 1475 - 1503. 2. ICICI bank has strong sp at 930. While 950 remains a stong resistance. It is trading with a bullish bias. 3. Relaince has strong sp at 2290 - 2450 is a strong resistance. It is trading with a bullish bias. ANALYSIS 1. Moody's have turned negative on US markets due to higher interest rates, which will have impact on the debt of the companies. 2. We have to see what impact it will have on US markets on Monday. 3. Every day market is either gapping up or down give less move in intra day with a range bound move which is difficult to trade with 50 - 70 points profit margin. Also these movements are fast so difficult to catch. 4. This is bascially a option seller market. It is best to concentrate on individual stock for some time. TRADING PLAN 1.NIFTY OPEN BETWEEEN 19460 - 14390 : Any dip to 19400 is a buy. 2. NIFTY OPEN ABOVE 19460 : Any dip to 19420 is a buy. 3. NIFTY OPEN BELOW 19392 : Any move below 19350 is a sell. 4. BANK NIFTY OPEN BETWEEN 43931- 43707 : Any dip to 43700 is a buy. 5. BANK NIFTY OPEN ABOVE 43931: Wait for a consolidation and break above 44020. Tgt 44250. Buy any dip to 43800. 6. BANK NIFTY OPEN BELOW 43700 : Sell any move below 43500. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADETAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 09 NOV 202309 NOV 2023 WORLD MARKETS 1. US markets is consolidating with a bullish bias. 2. Europe and Asia is consolidating with a bearish bias. GIFT NIFTY AND INDIA VIX 1. India VIX is below 12 indicating reduced volatility. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1503 is still a strong resistance. 1490 is a strong support. 2. ICICI Bank has made a huge bearish candle. Any break of 930 will be bearish. where as 950 is a strong resistance. 3. Reliance has strong sp at 2325. Any break of 2300 is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 19460 - 19420 : Any dip to 19400 is a buy. 2. NIFTY OPEN ABOVE 19460 : Any break of 19475 is bullish. 3.NIFTY OPEN BELOW 19420 : Any break below 19390 is bearish. 4. BANK NIFTY OPEN BETWEEN 43590 - 43730 : Any dip to 43600 and move above 43650 is bullish. 5. BANK NIFTY OPEN ABOVE 43725 : Any break out above 43800 is bullish. wait for a consolidation between 43700 - 43800. 6.BANK NIFTY OPEN BELOW 43590 : SELL BELOW 43500. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADETAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968