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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 JULY 2024WORLD MARKETS 1. World markets are looking neutral to positive . INDIA VIX AND GIFT NIFTY: India VIX is below 15 indicating buy on dip scenario. Gifty Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS: 1. HDFC Bank is constantly pushing up and is consolidating at 1700 -1650 levels. However 1693 remain a strong resistance 2. ICICI Bank may pull back to 1170 levels. 1190 is a strong support. 3. Reliance has good support at 3100. ANALYSIS 1. Indices are still buy on dips with good traction from all the index heavy weights. 2. However a pull back cannot be ruled out to 23400 in nifty and 51500 in bank nifty. TRADING PLAN 1.NIFTY OPEN BETWEEN 24060 - 23950 : No Trade. However any consolidation can be accumulated FOR LONG. 2.NIFTY OPEN ABOVE 24060 : Any dip to 24000 levels can be accumulated. 3. NIFTY OPEN BELOW 23950: Wait for a consolidation and break below 23850 decisively. However shorts can be accumulated for any repeated rally to 24000. 4.BANK NIFTY OPEN BETWEEN 52560 - 52121: Accumulate shorts for any rally to 52680 and break below 52500. 5. BANK NIFTY OPEN ABOVE 52650: Any consolidation and break above 52700 can be bought for a short term tgt of 53000. Risk reward may not be good. 6.BANK NIFTY OPEN BELOW 52125: Any consolidation between 52150 - 51850 and break above 52250 is a buy. Any break below 51500 is a 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 22 APR 202422 Apr 2024 WORLD MARKETS 1.US Markets are extremely bearish. Europe is also bearish. Asia is looking mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13 at 13.5. At 14 we may see some of the VIX crashing. 2. GIFT Nifty is indicating 92 points uptick at 22230 levels. This amounts to 47800 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank result is out and it seems that the results are in Line with expectations. So we need to see whether further upside is there in HDFC Bank. It has already moved 2.5 % on friday. However if 1550 is crossed which it could not last time, we may see further upside in Bank Nifty. 2. ICICI Bank has resistance at 1077 levels. 3. Reliance is choppy due to its quarterly result is on Monday. So Nifty may remain choppy. ANALYSIS 1. Both the indices have taken support at 38.2 % retracement from the recent low. 2. Bank Nifty has resistance at 47500 levels. We need to see whether it will sustain above it tomorrow. 3. Nifty may get choppy due to reliance quarterly result being tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 22035 - 22260 : NO TRADE. 2. NIFTY OPEN ABOVE 22260. Buy any dip to 22100. 3.NIFTY OPEN BELOW 22035: Sell any rally to 22100. 4. BANK NIFTY OPEN BETWEEN 47880 - 47265 : Any dip to 47300 is a buy. 5.BANK NIFTY OPEN ABOVE 47880 : Wait for a break out above 48035. However any dip to 47500 will be a buy. 6.BANK NIFTY OPEN BELOW 47284: Any rally to 47500 and break below 22300 is a sell. However if consolidation happens between 47300 - 47550 and if there is a break out above 47575, Then it will be 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 08 APR 202408 APR 2024 WORLD MARKETS 1. US Markets are consolidating with a negative bias. 2. Europe is looking neutral to bearish. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating more bullishness. 2. GIFT Nifty is indicating a 52 point uptick at 22550. This amounts to 48500 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is clearly bullish but it has 200 SMA on daily chart at 1560 levels. This may act as very strong resistance for very short term and may consolidate. 2. ICICI Bank's made a bullish reversal candle. 1090 is a very strong resistance. If it breaks 1995 levels then ICICI Bank may turn bullish. 3. Reliance is taking support at 50 EMA and need to see whether it will bounce back. As of now it is looking bearish. 4. IT is also not supporting Nifty. ANALYSIS 1. Bank Nifty has turned bullish and is aiming to break all time high at 48600 levels. 2. However Nifty is not getting support from Reliance and IT. That can be seen on Friday close when Nifty closed neutral at 22500, Bank Nifty closed 432 points positive. TRADING PLAN 1. NIFTY OPEN BETWEEN 22544 - 22485 : No Trade 2.NIFTY OPEN ABOVE 22550 : Buy any dip to 22520 levels. 3. NIFTY OPEN BELOW 22484 : Wait for a consolidation between 22400 -22480. Buy any repeated dip to 22400 and move above 22450. 4.BANK NIFTY OPEN BETWEEN 48670 - 48300 : Buy any dip to 48300. 5.BANK NIFTY OPEN ABOVE 48675: Buy any dip to 48400 - 48300 levels. 6. BANK NIFTY OPEN BELOW 48300: Buy any consolidation between 48300 - 48100 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 APR 2024.01 April 2024 WORLD MARKETS 1. World markts are closed today due to good friday. However world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX below 13 indicating less volatility. 2. GIFT Nifty is indicating a mildly bullish opening at 36 points at 22350 levels. This amounts to 47200 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is indicating a bullish outlook with a range bound move between 1430 - 1470. Any dip to 1430 is a buy for Bank nifty. 2. ICICI Bank is also trading with a bullish bias and is trying to break out of the range of 1100. 3. Reliance has very good supprt at 2950 levels. 3010 is a strong resistance. ANALYSIS 1. Nifty and bank nifty has turned bullish. Any dip is a buying opportunity. 2. Index heavy weights is trying to break out of the range as mentioned above. 3. We may see some consolidation after a big move but any dip is a buy. TRADING PLAN 1.NIFTY OPEN BETWEEN 22230 - 22430: Wait for adip to 22230 levels before going long. 2. NIFTY OPEN ABOVE 22430: Any dip to 22330 is a buy. 3.NIFTY OPEN BELOW 22230: Wait for a consolidation between 22150 -22230 and buy any break out. 4.BANK NIFTY OPEN BETWEEN 46952 -47300 : Any dip to 47000 is a buy. Wait for a consolidation. 5. BANK NIFTY OPEN ABOVE 47300 : Any dip to 47150 is a buy. 6. BANK NIFTY OPEN BELOW 46950: Wait for a consolidation and buy any break above 47050 decisively. If Bank nifty shows any weakness below 47800, Sell any break below 47800. NOTE 1. Monday will be first day of April, so be cautious before taking trade. 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 21 MARCH 202421 Mar 2024 WORLD MARKETS 1. World markets are trading cautious in anticipation of Fed rate decision tonight. 2. World markets are looking bullish. 3. Fed most likely to keep interest rate at 5.5 %. INDIA VIX AND GIFT NIFTY 1. India VIX is down 4.5 % indicating bullishness. 2. GIFT Nifty is indicating 38 points uptick at 21875. This amounts to 46400 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BANK has resistance at 1435. Any break of 1435 is bullish. 2. ICICI Bank is looking bullish.1090 However is a strong resistance. 3. If these two move in opposite direction, then Bank Nifty may remain choppy. 4. Reliance on the other hand is looking bullish and has support at 2876. Next tgt at 2920. 5. However IT heavy weights are bearish and may bring down the Nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 21900 - 21777. : Sell Any rally to 21900 and break below 21800. 2. NIFTY OPEN ABOVE 21900: Wait for a consolidation between 21800 - 21950 and buy any break out above 21950. 3.NIFTY OPEN BELOW 21770 : Sell any rally to 21800 - 21830. 4. BANK NIFTY OPEN BETWEEN 46538 - 46083 : Sell any rally to 46500 and break below 46400. Tgt 46000. 5.BANK NIFTY OPEN ABOVE 46500: Wait for a consolidation between 46500 - 46400 and a decisive break above 46550. Tgt 46900. 6. BANK NIFTY OPEN BELOW 46084 : Sell any rally to 46275. 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 MARCH 2024.14 MAR 2024 WORLD MARKETS 1. US markets are consolidating with a positive bias. Europe is bullish. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX has crashed by 5%. GIFT Nifty is indicating 120 points down tick. This amounts to 350 points for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC bank is looking neutral and consolidating between 1445 - 1465. 2. ICICI Bank is looking bearish. 1090 is still a strong resistance. 1075 is a strong support. 3. Reliance is very bearish. 2875 is a strong resistance. ANALYSIS 1. Bank Nifty looks bearish and trading below 47000. 2. Nifty on the other hand is trading above 22100. 3. Reliance is bearish and may pull down the Nifty. TRADING PLAN 1.NIFTY OPEN BETWEEN 22070 - 22230 : Any consolidation between 22000 - 22100 and break above 22150 is a buy. Wait for a consolidation and buy any dip. 2. NIFTY OPEN ABOVE 22230 : Wait for a consolidation between 22100 - 22230 and break above 22230 is a buy. 3.NIFTY OPEN BELOW 22050: Sell any rally to 22100 and break below 22000. 4.BANK NIFTY OPEN BETWEEN 46970 -46610 : Sell any rally to 47050 and break below 47000. 5. BANK NIFTY OPEN ABOVE 46970 : Wait for a break above 47150. 6. BANK NIFTY OPEN BELOW 46610 : Sell any rally to 46800. 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 11 MARCH 202410 Mar 2024 WORLD MARKETS 1. US markets are trading lower. This is due to Fed announcement of core Inflation rate on 14 Mar 2024. The Unemployment rate has come higher. 2. Europe is trading bullish while Asia is mixed. INDIA VIX AND GIFT NIFTY. 1. India VIX is in a comfortable range and GIFT Nifty is indicating a flat to negative opening by 30 points. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has a tgt of 1465. 1440 is a good support. 2. ICICI Bank is consolidating with a negative bias. This may restrict Bank nifty move. 3. Reliance has made an engulfing candle. 2920 is a good support. 2968 is a strong resistance. If it crosses 2968, we may expect resumption of uptrend in nifty. ANALYSIS 1. World markes are consolidating due to US Core Inflation news scheduled on 14 march. 2. Markets may remain rane bound till then with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 22520 - 22450 : NO TRADE. 2. NIFTY OPEN ABOVE 22520 : Buy any consolidation between 22480 - 22520 and break above 22520. 3.NIFTY OPEN BELOW 22460 : Wait for a decisive break below 22440. However 22400 is a good sp. Hence downside gains may be less.Better to avoid this trade. However accumulation of puts can be made after repeated reversal from 22450 - 22460 range. SL 22500 4.BANK NIFTY OPEN BETWEEN 47920-47750 : no trade. BANK NIFTY OPEN ABOVE 47920: Wait for a consolidation between 47800 -48050 . Only buy the break out. Can accumulate at repeated reversal fromm 47800. Agressive buying only above 48050. 6.BANK NIFTY OPEN BELOW 47750 Sell any rally to 48000 and reversal.SL 48100. Tgt 47500. 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 04 MAR 202403 Mar 2024 WORLD MARKETS 1. All The World markets are looking very bullish. US markets were up by almost a percent in all indices INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 which is a good sign. 2. GIFT Nifty is indicating a 60 point uptick at 22420 levels. This amounts to 47500 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is still in the 1440 - 1410 range. If it break above 1440 there will be more upside to Bank Nifty and HDFC Bank. Any consolidation in HDFC BAnk may take BAnk nifty towards 48000. 2. ICICI Bank has turned bullish. It has been trading bullish for the past 3 sessions. It has a tgt of 1090. 3. Reliance is also bullish. 3010 is its next target. ANALYSIS 1. Indices have turned mildly bullish with 1000 points up move in Bank Nifty and 300 points up move in NIfty. 2. Nifty has crossed all time high and is heading towards 22750. 3. Market is buy on dips for the short term. TRADING PLAN. NIFTY OPEN BETWEEN 22250 - 22425 : Buy any dip to 22250 and break above 22300. NIFTY OPEN ABOVE 22425 : Wait for a dip to 22300 levels before buying. 3. NIFTY OPEN BELOW 22253: Wait for a consolidation and move above 22300 levels. 4.BANK NIFTY OPEN BETWEEN 46950 - 47600 : Buy any dip to 47000 and break above 47100. 5. BANK NIFTY OPEN ABOVE 47600 : Buy any dip to 47300 and move above 47500. 6.BANK NIFTY OPEN BELOW 46950 : Wait for a consolidation between 47000 - 46800. Any move above 47000 is a by and any move below 46800 is a 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 FEB 202427 FEB 2024 WORLD MARKETS 1. World markets are consolidating with a positive bias. 2. However US markets are trading with 0.3% cut. INDIA VIX AND GIFT NIFTY 1. India VIX is elevated at 15.7. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is indicating a consolidation with a negative bias. 2. ICICI bank is looking bullish. 3. Reliance is consolidating with a positive bias. ANALYSIS 1. Nifty and Bank Nifty is consolidating with a positiver bias. Nifty look stronger than bank nifty. 2. Nifty has closed above 22200. 3. Bank Nifty is weak compared to Nifty. 4. Nifty had a good rally due to TCS. TRADING PLAN 1. NIFTY OPEN BETWEEN 22160 - 22232 : NO TRADE. 2. NIFTY OPEN ABOVE 22232: Wait for a break out above 22270. 3. NIFTY OPEN BELOW 22167: Wait for a break down below 22070. 4. BANK NIFTY OPEN BETWEEN 46700 - 46477: NO TRADE 5. BANK NIFTY OPEN ABOVE 46700: Wait for a break above 46810 decisively. 6.BANK NIFTY OPEN BELOW 46440 : Wait for a break below 46350 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 20 FEB 202420 Feb 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. US is consolidating with a positive bias while Asia is looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is up 5% at 16. This is evident from the sellof seen in nifty and bank nifty in the last one hour. 2. GIFT Nifty is indicating a positive bias at 22150. This amounts to 46575 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. It has stiff resistance between 1430 - 1440. 1410 is a stong support. 2. ICICI bank has turned very bullish. 1060 is a strong resistance. Any break of 1660 is bullish. however if it cannnot break 1660, then we may see further consolidation in Bank Nifty. 3. Reliance is consolidating with a bullish bias. 2910 is a strong support. it is trading in a range of 2910 - 2960. trending move can only be seen if the trading range is broken decisively. ANALYSIS 1. Index heavy weights are trading with a positive bias. 2. However Reliance and HDFC Bank is trading in range hence Indices are also trading in a range. 3. However Nifty is trading decisively above 22000 for the second day. Bank Nifty has closed above 46500 . 46300 is a good support. 46200 - 46700 is the range for Bank Nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 22070 - 22175 :Any consolidation between 22050 -22100 and break above 22100 is a buy. 2. NIFTY OPEN ABOVE 22175: Wait for a consolidation between 22100 -22200 and a break above 22208. 3.NIFTY OPEN BELOW 22070 : wait for a consolidation and break below 22000. 4.BANK NIFTY OPEN BELOW 46650 -46400 : Any consolidation between 46400 - 46600 and break above 46650 is a buy. 5. BANK NIFTY OPEN ABOVE 46650 : Wait for a consolidation and break above 46750. Tgt 47000. Buy any dip to 46500. 6. BANK NIFTY OPEN BELOW 46400 : Any consolidation between 46500 - 46300 and a break below 46300 is a 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 FOR NIFTY AND BANK NIFTY FOR 01 FEB 202401 Feb 2024 WORLD MARKETS 1. US Markets are trading with a negative bias. All the tech Stocks are down 2 - 7%. Micosoft is down 7%. 2. Europe and Asia is trading with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating fear. This is due to events like Fed rate and Interim Budget. 2. GIFT Nifty is indicating a 90 points uptick at 21830. This amounts to 46200 for Bank Nifty. EVENTS 1. Tomorrow is Interim Budget . It is better to stay out of the market. 2. In US Tech stocks are under pressure. Need to see how this will affect the Nifty. ANALYSIS 1. Nifty will be in focus tomorrow as it is its expiry. 2. Nifty may also get impacted by the drubbing of tech stocks. However Banking stocks are looking bullish along with Reliance. ON 29 JAN I had observed that going short is not a good Idea. TRADING PLAN : WAIT FOR THE BUDGET SPEECH TO OVER 1. NIFTY OPEN BETWEEN 21630 - 21800 : No Trade. 2. NIFTY OPEN ABOVE 21800 : Wait for a consolidation between 21700 - 21800 and a decisive break above 21800. 3. NIFTY OPEN BELOW 21630 : Wait for a break below 21550. 4. BANK NIFTY OPEN BETWEEN 45650 - 46325 : NO TRADE. 5. BANK NIFTY OPEN ABOVE 46325 : Wait for a consolidation between 46000 - 46325 and a break out. 6. BANK NIFTY OPEN BELOW 45700 : Wait for a consolidation between 45500 - 45700, then wait for a break out above 45700 decisively.If 45500 is broken decisively, then go short. 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 29 JAN 202429 Jan 2024 WORLD MARKETS 1. US markets are consolidating with a bullish bias. 2. Europe and Asia has turned bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating reduction in volatility. 2. GIFT Nifty is indicating a 100 points down tick at 21250 levels. This amounts to 44500 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is in oversold condition. 1420 is a very good support. Any break of 1420 will be very bearish for a tgt of 1350. 2. ICICI Bank has good support at 1003. Any break of 995 will be bearish. It has a tgt of 1021. 3. Reliance is looking bullish it has taken support at 20 SMA. 2740 will be a strong resistance. UP COMING EVENTS 1. There will be Fed rate decision probably on 30-31 Jan 2024. 2. There will be Quarterly result of Meta, Microsoft and other major companies. 3. There is Indian Budget presentation on 01 feb 2024 by the finance minister. 3. These factors will keep the markets very volatile. ANALYSIS 1. Bank Nifty has under performed the Nifty due to HDFC Bank falling continuously. 2. Nifty looks more stable compared to Bank Nifty. 3. Ahead of Budget which is an election budget, we may see some pre budget rally. 4. So need to be careful as far as going short in market. TADING PLAN 1.NIFTY OPEN BETWEEN 21410 - 21250 : Buy any dip to 21250 and move above 21320 levels. 2.NIFTY OPEN ABOVE 21400 : Wait for a consolidation between 21250 - 21350 and break above 21400 levels. 3. NIFTY OPEN BELOW 21260 : Wait for a consolidation and break below 21200. 4. BANK NIFTY OPEN BETWEEN 45061 - 44700 : Buy any dip to 44700 and move above 44800 and break out. 5.BANK NIFTY OPEN ABOVE 44061 : Wait for a consolidation and break above 45250 decisively. Any consolidation at 44100 is a buy. 6. BANK NIFTY OPEN BELOW 44670 : Wait for a consolidation and break below 44400 decisively. Any rally to 44800 is a 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 19 JAN 202419 Jan 2024 WORLD MARKETS 1. US is trading mixed with S&P and DJI trading negative while NASDAQ trading with positive bias. 2. Europe is trading negative while Asia is mixed. GIFT NIFTY AND INDIA VIX 1. India VIX today crashed 6.7% after a huge crash of 400 points in Nifty. 2. Gift Nifty is indicating a 60 points uptick at 21520. This amouts to 45900 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking over sold and it may make a pull back to 1508 levels. 1470 is a good support. 2. ICICI Bank has supoort at 985 and strong resistance at 994. 3. Reliance is looking bullish. ANALYSIS 1. Indices look oversold after a huge fall. We may see some recovery or consolidation tomorrow. 2. 21300 is a good support for the Nifty and 45500 for Bank Nifty. TRADING PLAN 1.NIFTY OPEN BETWEEN 21390 - 21532: Any consolidation at 21400 and breakout above 21400 is a buy. 2.NIFTY OPEN ABOVE 21532 : Wait for a consolidation and decisive break above 21602. Alternatively any dip to 21500 and move above 21535 is a buy. 3. NIFTY OPEN BELOW 21390 : Sell any rally to 21430 and break below 21390. 4.BANK NIFTY OPEN BETWEEN 45930 - 45500 : No trade 5.BANK NIFTY OPEN ABOVE 45930 : Wait for a consolidation and break above 46150. 6.BANK NIFTY OPEN BELOW 45500 : Wait for a consolidation and break below 45300. Also any rally to 45750 can bel sold into. However greater risk reward comes after the break below 45300. 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 JAN 202418 Jan 2024 WORLD MARKETS 1. world markets are turning bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating very high fear and uncertinity. 2. GIFT Nifty is indicating 123 points down tick at 21455. This amounts to 45800 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BANK result has spooked the market which as per analysts is not good. We may see further downside in HDFC Bank. 1520 is a very good support. Any break of it may result in further downside. 2. ICICI Bank has support at 965. We may expect ICICI Bank to be weak tomorrow. 3. Reliance did not fall much in the market mayhem today. However it is looking over bought and may consolidate with a negative bias. ANALYSIS 1. HDFC Bank result has spooked the market. ICICI Bank is yet to come out with result. 2. We have to see whether the ICICI Bank will receive the same treatment as HDFC Bank inspite of good results. Then it will not be good for Bank Nifty. 3. Next support to Nifty is coming at 21300. For Bank Nifty support is at 46000 however if it is broken, then next support is at 44500. 46750 remains strong resistance. TRADING PLAN 1.NIFTY OPEN BETWEEN 21490 - 21650 : Sell any rally to 21650. 2. NIFTY OPEN BELOW 21480 : Sell any rally to 21550. 3.NIFTY OPEN ABOVE 21650 : Sell any consolidation and break below 21600. 4. BANK NIFTY OPEN BETWEEN 46400 - 45725 : Sell any rally to 46500 levels. 5.BANK NIFTY OPEN ABOVE 46400 : Sell any rally to 46500 and break below 46400. 6. BANK NIFTY OPEN BELOW 45750 : Sell any rally to 46000. 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 DEC 2023.29 Dec 2023 WISHING EVERY ONE A VERY HAPPY NEW YEAR IN ADVANCE WORLD MARKETS 1. US and Europe Markets are looking overstretched . Asia is looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX crashed 2.68% to 15. But it is still high. 2. GIFT Nifty is indicating a 22 point uptick at 21800. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a doji indicating exhaustaion. we have to see if this will get cancelled. 2. ICICI Bank has resistance at 1014 and Sp at 990 . Any break of these levels will give direction to Bank nifty. 3. Reliance is looking very bullish. It is likely to test 2630 levels. ANALYSIS 1. VIX is at very high level. 2. There is only one day left for the trading day of 2023. 3. HDFC Bank and ICICI Bank are moving in opposite direction making directional move difficult for Bank Nifty. 4. However Nifty is finding direction supported by Reliance. TRADING PLAN 1. NIFTY OPEN BETWEEN 21811-21745 : No trade. 2. NIFTY OPEN ABOVE 21811: Wait for consolidation at 21811 and break out above 21835. 3.NIFTY OPEN BELOW 21740: Wait for a consolidation and break below 21700. 4. BANK NIFTY OPEN BETWEEN 48420 - 48600 : No trade. 5. BANK NIFTY OPEN ABOVE 48600 : Wait for a break out above 48675. 6. BANK NIFTY OPEN BELOW 48430 : Wait for a consolidation and break below 48350. 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 21 DEC 202320 DEC2023 WORLD MARKETS 1. US markets are extremely overbought and may retrace. 2. Europe is overbought except FTSE. 3. Asia is looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating fear. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is still bullish and has some steam left. But 1670 is a strong resistance. 2. ICICI Bank has broken 1010. So it is a sell on rally. 3. Reliance is still loooking bullish but has pulled back. Any break of 2515 will be bearish. ANALYSIS 1. As discussed yesterday Bank Nifty broke down only after breaking 47700 which was a very strong sp. Now This is going to be the resistance. 2. Similarly 21300 has become a strong resistance in Nifty. 3. The raising caases of COVID in karnataka and kerala may had an effect on market also. 3. Market may pull back to 20520 in Nifty and 45600 in bank nifty. TRADING PLAN 1. NIFTY OPEN BETWEEN 21300 -21000 : Sell any rally to 21300. 2. NIFTY OPEN ABOVE 21300 : Sell Any break below 21300 decisively after consolidation. 3. NIFTY OPEN BELOW 21000 : Wait for a break below 20877. Sell any rally 21100. 4. BANK NIFTY OPEN BETWEEN 47700 - 47208: Sell Any rally to 47700. 5.BANK NIFTY OPEN ABOVE 47700 : Sell any consolidation and break below 47650. 6. BANK NIFTY OPEN BELOW 47200 : Sell any rally to 47300 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:BANKNIFTYShort
by sam20051968
NIFTY 14 DEC: Weekly Expiry 1. Late night,after the FED kept the interest interest rate ECONOMICS:USINTR unchanged @5.5%, DOW TVC:DJI showed upside move of +512 points towads 37180 and GIFT NIFTY NSEIX:NIFTY1! showed an upmove of +200 points, chances are Nifty NSE:NIFTY may open gap up. 2.Yesterday,as analysed if open below 20940,then 20940 may act as resistance for downside move to 20820/20830, after 20820/830 was broken down 20785 was also seen as analysed yesterday. After taking support from 20785 it was able to break 20820/20830 upside and traded above it, and just closed below 20940 3.Today,If open flat above 20880-20900,then 20850-20880 may be day's immediate support,20820-20830 may act as strong support(have to confirm with price action) 4.If open gap up above 20940-20976,then 20940 may act as support with immediate support below 20880-20900 5. If open big gap up above 21018,then a sideways expiry can be seen between 21096/106 and 20976/940
NSE:NIFTY
by Apu_3007
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 DEC 202304 DEC 2023 WORLD MARKETS 1. S&P and NASDAQ Index is looking bullish. However DJI is looking over stretched. 2. Europe is looking bullish but DAX looks over bought. Asia is consolidating with a bullish Bias. INDIA VIX AND GIFT NIFTY 1. India VIX has been above 12 due to state elections. It may come down on Monday. 2. GIFT Nifty is indicating a 137 points uptick at 20357. This amouts to 45100 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1571. However it is bullish and may consolidate. 2. ICICI Bank has turned bullish. 945 is a good support. Next resistance is seen at 958 - 966. 3. Reliance can turn bullish only above 2415. It has strong sp at 2375. However it may consolidate. ANALYSIS 1. The Indices are looking bullish. Nifty is more bullish compared to Bank Nifty. However if it clears 45000, then we may see good upside. Both the indices are trending. So buy on dips should be a good strategy. But patiently wait for indices to revert to 20 SMA on lower time frame and then buy. However in a trending market, it may become difficult. Pull back will be very fast and painful. TRADING PLAN. 1.NIFTY OPEN BETWEEN 20235 - 20300: Any dip to 20200 is a buy. 2.NIFTY OPEN ABOVE 20300 : Wait for a consolidation and break out above 20330. 3. NIFTY OPEN BELOW 20230 : Wait for a break below 20200. 4. BANK NIFTY OPEN BETWEEN 44697 - 44930 : Buy any dip to 44650. 5. BANK NIFTY OPEN ABOVE 44930 : Wait for a consolidation and break out above 45050. If it open above 45200, wait for a consolidation and dip to 45100. 6. BANK NIFTY OPEN BELOW 44700 : Buy any break down below 43500. However any move above 44800 will be 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:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 25 OCT 202325 Oct 2023 WORLD MARKETS 1. All the world markets have rebounded with a positive closing. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 in spite of a 260 points down tick in nifty. GIFT Nifty is indicating 47 points uptick at 19330. This amounts to 43300 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed below the crucial sp level at 1508. 1520 is a strong resistance. Any open below 1506 is bearish. 2. ICICI bank is at its crucial sp level at 917. Any close below 915 is bearish. 935 is a strong resistance. 3. Reliance is trading below the strong resistance of 2275. Any open above 2275 is bullish. Any trade below 2248 is bearish. ANALYSIS 1. Indices took a knock on monday in spite of FII and DII being net buyers. 2. World markets have recovered as of now. 3. All index heavy weights are trading below crucial resistance levels. 4. 19200 is the last swing low. Any decisive break of this will be very bearish. Similarly Nifty bank is trading at its 200 SMA of 43200 levels. 4. We need to see whether indices break it decisively or there will be a short covering or indices spend some time here. TRADING PLAN 1.NIFTY OPEN BETWEEN 19360 - 19211.: Sell any rally to 19360 levels. 2.NIFTY OPEN ABOVE 19360 : Buy above 19445. 3. NIFTY OPEN BELOW 19200. Sell any rally to 19250. If nifty break below 19120, sell aggresively. 4. BANK NIFTY OPEN BETWEEN 43370 - 42930 : Sell Any rally to 43370. 5. BANK NIFTY OPEN ABOVE 43370: Wait for a break above 43900. Any weakness at 43700 can be sold into. 6. BANK NIFTY OPEN BELOW 42920 : Sell any rally to 43000. DISCLAIMER I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
Bank Nifty Intraday levels 17th Oct Good Morning Traders, Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty. Important Levels for Bank Nifty:- Intraday support zone 44000 Intraday resistance zone 44500 Strong Support zone 43600-43800- Strong Resistance zone 44600-44800 Buy above 44454, if levels sustains at least for 30 Mints. Targets we can see in upside 44579/44715 Keep stop loss at 44208 Sale below 44208, if levels sustains at least for 30 Mints. Targets we can see in downside 44038/44883 Keep stop loss at 44454 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 OCT 202308 Oct 2023 WORLD MARKETS 1. US and Europe has pulled back and looking bullish on daily chart. Asia is still oversold. INDIA VIX AND GIFT NIFTY 1. India VIX is still below 11 and down by 5% indicating reduction in volatility and fear. 2. GIFT nifty is indicating 100 points uptick at 19750 levels. This amounts to 44650 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has broken out of a range of 1545 - 1535. 1538 is a strong resistance and 1529 is a good sp. It can turn bullish above 1542. Bearish bets can be taken below 1525. 2. ICICI Bank is has good sp at 943. 955 is a strong resistance. Any dip to 940 -943 levels is a buy. Any break of 940 will be bearish. 3. Relaince has strong resistance at 2321. Any break of 2325 is bullish. 2314 is a good sp. Any break of 2314 is bearish. ANALYSIS 1. World markets have turned bullish post jobs data of US. 2. Nifty is outperforming Bank nifty. 3. 200 points gap up and gap down has become a norm and intra day traders has very little scope to trade as post gap up market tends to consolidate. TRADING PLAN 1. NIFTY OPEN BETWEEN 19675 - 19630 : Any dip to 19600 and move above 19630 is a buy. 2.NIFTY OPEN ABOVE 19675 : Wait for a consolidation and break above 19700. 3. NIFTY OPEN BELOW 19630: Wait for a break out below 19600 levels. 4. BANK NIFTY OPEN BETWEEN 44430 - 44290 : Any dip to 44290 is a buy. 5. BANK NIFTY OPEN ABOVE 44430 : Wait for a consolidation and break out above 44500 decisively. 6. BANK NIFTY OPEN BELOW 44290 : Wait for a break below 44200. NOTE : Avoid long if there is a gap up of 200 points and above till there is a 100 - 150 points pull back to sp area. DISCLAIMER I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUTR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADES TAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
3
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 05 OCT 202305 Oct 2023 WORLD MARKETS 1. World markets are bearish but looks oversold. We may see more down side. INDIA VIX AND GIFT NIFTY 1. India VIX is above 11.5 indicating high volatility. 2. GIFT Nifty is indicating a 34 points down tick at 19400. This amounts to 43900 for Bank NIfty. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a bullish morobuzo candle. It has resistance at 1942 and sp can be seen at 1517. 2. ICICI Bank has taken sp at 930 and resistance can be seen at 935.5 3. Reliance has taken sp at 2290 which is 200 SMA. 2335 is a strong resistance. ANALYSIS 1. World markets are looking bearish but oversold. 2. Index heavy weights have made a pull back taking sp at crucial sp levels. 3. However Banking stocks like Axis Bank and SBI took a beating. 4. On the contrary IT stocks supported Nifty. 5. We have to see whether 19400 in Nifty and 44000 in bank nifty will be defended. TRADING PLAN 1.NIFTY OPEN BETWEEN 19470 - 19400 : Any dip to 19400 is a buy. 2. NIFTY OPEN ABOVE 19470: Wait for a break out above 19500. 3. NIFTY OPEN BELOW 19400: Wait for a break down below 19370. 4.BANK NIFTY OPEN BETWEEN 44050 -43880: Sell Any rally to 44150 and drop below 44000. 5.BANK NIFTY OPEN ABOVE 44050: Wait for a break out above 44200. 6. BANK NIFTY OPEN BELOW 43870: Sell Any rally to 44000 -43900 and drop below 43850. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FIANACVIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR IS NOT LIABLE FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 SEP 202315 sep 2023 WORLD MARKTS 1. US and Europe markets are neutral to bearish. Asia has turned bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is comfortable at 11 and looking bullish. and GIFT Nifty is indicating a muted opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish but consolidating . The range is 1650 - 1630 levels. 1650 is a strong resistance. Any break on either side will give directional move to Bank nifty and Nifty. 2.ICICI Bank is also trading in a range between 995- 980 levels. 970 is a good support. 995 is a strong resistance. 3. Relaince is consolidating with a bearish bias. The range is2420 -2465. Any break of this range will give directional move to Nifty. ANALYSIS 1. Index heavy weights and indices consolidated witha bullish bias after a 7 day sustained up move. The market tomorrow may also consolidate. Consolidation is also good for market. 3. We may expect some retracement to lower levels also. However risk reward may not be good to go short. TRADING PLAN 1. NIFTY OPEN BETWEEN 20137 - 20065 : Wait for a break out above 20150 or break down below 19970 levels. 2.NIFTY OPEN ABOVE 20150: Wait for a consoolidation and break above 20180 levels. 3. NIFTY OPEN BELOW 20065: Wait for a break below 19970 levels. 4.BANK NIFTY OPEN BETWEEN 46100 - 45900. Any dip to 45900 is a buy. Also if the market break above 46100 decisively, it is a buy. 5.BANK NIFTY OPEN ABOVE 46100 : Wait for a consolidation and break above 46200 levels. 6.BANK NIFTY OPEN BELOW 45900: Wait for a decisaive break below 45800 tgt 46500.Any move to 46000 and break below 45900 can also be tradeed short. DISCLAIMER I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE ORIGINATOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY YOU.
NSE:BANKNIFTYLong
by sam20051968