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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 AUG 202324 Aug 2023 WORLD MARKETS 1. US and Europe is looking bullish. Asia is looking neutral to bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating reduction in volatility. 2. GIFT Nifty is indicating 60 points uptick at 19500. That amounts to 44620 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1593 levels. Any break of this will get us 1600. 1581 is a good support. 2. ICICI Bank has good support at 962. Resistance can be seen at 972. -977. 3. Reliance could not break 2524. It has made H&S pattern. Any move below 2513 will be bearish for nifty. 4. IT is neutral to bullish. ANALYSIS 1.Nifty has broken out of 19400 which is bullish. Similarly bank nifty has broken out of 44150 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 19417 - 19470 : Any dip to 19430 is a buying opportunity. 2. NIFTY OPEN BETWEEN 19470 - 19500 : Any dip to 19470 is a buy. 3. NIFTY OPEN BELOW 19400 : Any rally to 19400 is a sell. 4. BANK NIFTY OPEN BETWEEN 44325 - 44640 : Any dip to 43400 is a buy. 5. BANK NIFTY OPEN ABOVE 44650 : Any dip to 44600 is a buy. 6. BANK NIFTY OPEN BELOW 44315 : Any move below 44300 is a sell. I AM NOT A SEBI REGISTERED ANALYST. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYLong
by sam20051968
Nifty levels for today 16/08/2023Good Morning dear Traders. Nifty Trading some kind of flag pattern if you will see in higher timeframe. But we are still travelling inside the Flag pattern, we will wait for breakout execution before taking any exact decision. Well today's global market looking highly bearish and Gift Nifty also suggesting gap down opening, so overall it's looking bearish. So no problem we will trade according to price action. Please trade with levels. Important Levels For Nifty:- Buy above 19464, if levels sustains at least for 30 minutes. Target we can see in upside 19536++ Keep stop loss at 19370. Sale below 19370, if levels sustains at least for 30 minutes. Target we can see in downside 19308/19257-- Keep stop loss at 19464. 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:NIFTY
by TraderRahulPal
4
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR TOMORROW25 Jul 2023 WORLD MARKETS 1. US Market is looking over bought but bullish. It is consolidating. 2. Asia and Europe is range bound with a bullish bias. INDIA VIX AND GIFT NIFTY 1. GIFT Nifty as of now is @19672. 2. India VIX is below 12 indicating still bullishness. INDEX HEAVY WEIGHTS 1. HDFC Bank is still in the 1675 - 1685 range. Till the time it is in the range, we cannot expect the market to go anywhere. Because it has the highest weightage in both Nifty and bank Nifty. It keep moving from 1685-1675 creating choppiness in both in nifty and bank nifty. This in turn makes options very volatile. Break on either side is required. 2. ICICI bank came under profit booking. It has strong support at 985. resistance can be seen at 996. It can become bullish above 1002 for a tgt of 1010. 3. Reliance has support at 2471 levels. Any break of this will be beariah with a tgt of 2465. It is bullish above 2515. ANALYSIS 1. Overall the market is still bullish but is under profit booking. 2. Bearish bets in Nifty can be taken below 19630 for a tgt of 19540.Bullish bets is possible above 19800. 3. Bullish bets in Bank Nifty is possible above 46250, while bearish bets can be taken only below 45820 levels. 3. Between the levels as above the markets may remain choppy and volatile as it happened today. Lot of traders got chopped off both ways including me trying to trade the range between 46050-45900. TRAING PLAN 1. NIFTY OPEN FLAT : Any move to 19700 is a sell for a tgt of 19630 levels. 2. NIFTY OPEN GAP UP : Any gap up above 19750 and break out above 19800 is a buy. Tgt 19900. 3. NIFTY GAP DOWN: Any break of 19630 is bearish for a tgt of 19550 levels. 4.BANK NIFTY OPEN FLAT: Any move to 46100 is a sell for a tgt of 45900. 5. BANK NIFTY GAP UP: Any gap up above 46030 and break of 46110 is bullish for a tgt of 46250. Any dip to 46000 will be a buy. 6. BANK NIFTY OPEN GAP DOWN: Any open below 45830 and decisive break of 45700 is bearish for a tgt of 45550. However after gap down, if bank nifty recovers above 45840, then there is no trade till 46000. We can sell at 46000 for a tgt to 45830. 7. However market is slowly grinding down, not giving an opportunity to sell at higher levels due to sudden spikes. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
NSE:BANKNIFTY
by sam20051968
1
Finance Nifty levels | Expiry Special Trade | Hero Zero TradeHello Good Morning Traders, Yesterday was a very good day for trading, i hope everyone would have exited in profits. After giving breakout of down slopping descending channel, there was a huge upside momentum in Banknifty and Finnifty. Nifty was already making new highs. so let's analyse for today's market. I think today also we can see trending market, but there is retest needed for yesterday's breakout. We will wait to get best entry for upside. Market is going to give some gap up opening in today's morning according to gift nifty. I think we can see some profits booking in first session and then we can achieve our levels. In case if market will start moving upside as buyers are aggressively active since yesterday, then we will buy some where 20398 levels if those levels will be survive at least for 30 mints. I have marked everything on chart. Important levels for Finance Nifty:- Accumulate in between (20066-20149), Because that is only will be Best buying zone as after giving huge breakout, there is no any retest in yesterday's session, so wait for the best entry. Targets will be 20315/20398+ Stop loss200 EMA line, right now at 20010, it will slightly increase according to price behaviour. But If you don't get these retest and downside in today's session then wait for to sustain above 20398 levels at least for 30 mints, and then go for target above 20520+ Then your stop loss will be 20149 Note:- Finance Nifty Expiry Special, Hero & Zero Trade Will be in 2nd half of the day in Trading session, according to price action By 1:15pm, So we will update by given time. follow us to get notification about this trade. and 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:CNXFINANCELong
by TraderRahulPal
4
PRE MARKET ANALYSIS OF NIFTY FOR 02 DEC 202402 DEC 2024 WORLD MARKETS 1. US and Europe markets are looking bullish. While Asia is mixed. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is down below 15 indicating decrease in volatility. 2. GIFT Nifty is indicating 100 points uptick at 100 points at 24231. This amounts to 52250 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. 1778 is a good support. 2. ICICI Bank is consolidating between 1310 - 1280. 3. Reliance is trading with a negative bias. Any break of 1310 is bullish. TRADING PLAN. 1. NIFTY OPEN BETWEEN 24203 - 24060: NO TRADE. 2.NIFTY OPEN ABOVE 24203: Wait for a consolidation and break above 24400 decisively. Alternatively Any dip to 24100, we can sell 24000 put. 3.NIFTY OPEN BELOW 24060 : Wait for a consolidation and break above 24100 and one can sell 24000 put. 24900 - 24800 is a very strong support. 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 29 NOV 202429 NOV 2024 WORLD MARKETS 1. All the world markets are consolidating with a negative bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 indicating an increase in volatility due to monthly expiry of Nifty. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is still bullish. But it has resistance at 1821 and support at 1778. 2. ICICI Bank has support at 1280. 3. Reliance has turned bearish. It has support at 1265. Any break of it will be bearish. It has resistance at 1286. ANALYSIS 1. Nifty has broken out of the 24350 - 23150 range decisively. So long call can be taken only above 24350. Also 23150 is a strong resistance now. 2. Also 23700 is a strong support which is 200 SMA in hourly chart. So market may remain in range of 23200 - 23700 till further direction is decided by the market. TRADING PLAN 1. NIFTY OPEN BETWEEN 24044 - 23784 : NO TRADE. 2. NIFTY OPEN ABOVE 24044: Sell any rally to 24175 and break below 24040. 3. NIFTY OPEN BELOW 23784: Sell any rally to 24000. 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY FOR 19 NOV 202419 NOV 2024 WORLD MARKETS 1. US markets are trading in negative. 2. Europe is negative while Asia is also trading negative. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating increase in volatility and it is here to stay. 2. GIFT NIFTY is indicating a 50 points down tick at 23400. TRADING HOLIDAY 1. 20 Nov is a trading holiday due to Maharastra elections. So there will be more theta decay in the Nifty on Thursday. we may expect range bound move tomorrow. 23500, 23400 straddle may come into play. INDEX HEAVY WEIGHTS 1. HDFC Bank has taken support at 1690 and it has resistance at 1705 level. Any break of 1705 will be bullish. 2. ICICI Bank is trading with a negative bias. It has resistance at 1260 and any break of 1240 will be bearish. 3. Reliance has resistance at 1270. However it is trading negative. 4. IT pair of Infy and TCS has closed in negative which is dragging nifty. TRADING PLAN: 1. NIFTY OPEN BETWEEN 23525 - 23383: Sell any rally to 23500 and break below 23380 decisively. Sell only below 23380 levels. 2. NIFTY OPEN ABOVE 23525: Wait for a consolidation and break above 23600 decisively. 3. NIFTY OPEN BELOW 23383: Sell any rally to 23450 and break below 23400 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY NAD BANK NIFTY FOR 17 NOV 202418 NOV 2024 WORLD MARKETS 1. US is consolidating with a negative bias. 2. Asia is mixed while Europe is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is still near 15 indicating more bearishness. 2. GIFT Nifty is indicating a 130 points down tick at 23400. INDEX HEAVY WEIGHTS 1. HDFC Bank has resistance between 1700 -1690 levels. Support can be seen at 1650 levels. 2. ICICI Bank has resistance at 1260 while 1240 seems to be an intermediate support. 3. Reliance is still bearish. It has good support only at 1200 levels. 1286 seems to be a good resistance. TRADING PLAN 1. NIFTY OPEN BETWEEN 23585 - 23480: Sell any rally to 23650 and break below 23600 decisively. I expect nifty to consolidate in this range for a day or two . 2.NIFTY OPEN ABOVE 23585: Wait for a consolidation and break above 23650 levels. we can retest 23800 levels. 3. NIFTY OPEN BELOW 23480: This is a crucial 200 SMA support for nifty. So wait for a consolidation and break below 23450 decisively. Alternatively any weakness at 23500 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:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 NOV 202408 NOV 2024 WORLD MARKETS 1. US markets are looking bullish while Asia and Europe is consolidating with a bearish bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 15 indicating reduction in volatility. 2. GIFT Nifty is indicating 42 points uptick at 24250 levels. This amounts to 52050 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC BANK is consolidating with a positive bias. 1730 is still a good support. Any break of 1730 will be bearish. 2. ICICI Bank has closed below 1280. It has support at 1260. It is however trading with a negative bias. 3. Reliance is consolidating between 1330 -1280 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24240 - 24111 : NO TRADE. 2.NIFTY OPEN ABOVE 24280: Wait for a consolidation between 24250 - 24300 and buy any break out. 3. NIFTY OPEN BELOW 242111: Wait for a consolidation between 24150 - 24100 and sell any break down below 24070. 4.BANK NIFTY OPEN BETWEEN 51380 - 52035 : NO TRADE. 5.BANK NIFTY OPEN ABOVE 52380 : Buy any break out above 52400. 6. BANK NIFTY OPEN BELOW 52035: Wait for a consolidation and break below 51850 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 NOVE 202401 Nov 2024 WORLD MARKETS 1. All the world indices have turned bearish. US indices are down by 1.5 % - 2%. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating bearish tone to continue. 2. GIFT Nifty is indicating 100 points down at 24100 levels. This amount to 51200 levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1715. It is bullish. 2. ICICI Bank has turned negative for the short term. It has support at 1279. It has resistance at 1304. We may see it covering the gap at 1260. 3. Reliance is still consolidating between 1350 - 1300. TRADING PLAN 1. NIFTY OPEN BETWEEN 24260 - 24150 : No Trade. 2.NIFTY OPEN ABOVE 24260: Sell any rally to 24300. 3. NIFTY OPEN BELOW 24150: Sell any rally to 24200. 4. BANK NIFTY OPEN 51286 - 51663: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51663: Wait for a consolidation and break above 51850. 6. BANK NIFTY OPEN BELOW 51286 : Sell any rally to 51500 and break below 51400. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 29 OCT 202429 Oct 2024 WORLD MARKETS 1. World markets are consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX has pulled back as explained yesterday. We may see more downside in VIX and a pull back to 24500 - 24700 levels. 2. GIFT NIFTY is indicating a 60 point uptick at 24380 levels. This amounts to 51500 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has support at 1720 levels. 1750 is a good resistance. 2. ICICI Bank is bullish. 1278 is a good support. 3. Reliance because of bonus issue of shares was down 49 %. But it is still bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24437 - 24240: Wait for consolidation and break above 24535. 2. NIFTY OPEN ABOVE 24437: Wait for a consolidation and break above 24535 decisively. However any dip below 24350 will be bearish. 3.NIFTY OPEN BELOW 24240: Sell Any rally to 24300. 4.BANK NIFTY OPEN BETWEEN 51430 - 51101: Avoid trade. 5.BANK NIFTY OPEN ABOVE 51430: Wait for a break above 51650 decisively. 6.BANK NIFTY OPEN BELOW 51100:Sell any rally to 51350 levels. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 29 OCT 2024
NSE:NIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 18 OCT 202417 Oct 2024 WORLD MARKETS 1. World Markets are trading with all time high. INDIA VIX AND GIFT NIFTY 1. India VIX has gone above 13 indicating bearishness is here to stay. 2. GIFT Nifty is indicating 80 points down tick at 24670. This amounts to 51040 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bearish. It has good support at 1640. Any break of 1635 will lead to 1625 levels. 2. ICICI Bank is still in the range. 1200 is still a good support. Any break of 1200 is bearish. ANALYSIS 1. Infy has come up with result which is generally good. HDFC Bank is coming up with result tomorrow post market. But the fact remains that Bajaj Auto which come with a good result is down 12 % today. 2. So market may remain volatile. 3. Nifty has good support at 24500. Bank Nifty has good support at 51040 and any break of 51000 decisively will be bearish for a tgt of 50700. TRADING PLAN 1. NIFTY OPEN BETWEEN 24832 - 24667 : Sell Any rally to 24850. 2. NIFTY OPEN ABOVE 24832: Sell Any rally to 24915 and break below 24830 decisively. 3. NIFTY OPEN BELOW 24667: Sell any rally to 24700. 4. BANK NIFTY OPEN BETWEN 51500 - 51040. Sell any rally to 51500. 5.BANK NIFTY OPEN ABOVE 51500 : Sell any consolidation between 51600 -51400 and break below 51400 decisively. 6.BANK NIFTY OPEN BELOW 51040: Sell any rally to 51400. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 18 OCT 202416 OCT 2024 WORLD MARKETS 1. World Markets are consolidating with a positive bias. After rally, a pull back may be in Order. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 12 indicating bearishness. 2. GIFT Nifty as of now is indicating a 45 points uptick at 25020. This amounts to 51930 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank QE sep result will be out tomorrow.So It may remain volatile. It has resistance at 1715. 2. ICICI Bank is still range bound between 1230 - 1255. 3. Reliance is still bearish. It has resistance at 2722 -2740. TRADING PLAN 1. NIFTY OPEN BETWEEN 25020 - 24920: Sell any rally to 25050 and fall below 24975. 2.NIFTY OPEN ABOVE 25020 : Sell any rally to 25090. 3. NIFTY OPEN BELOW 24920: Sell any rally to 25020 and break below 24980. 4. BANK NIFTY OPEN BETWEEN 51711- 51890: No Trade. 5. BANK NIFTY OPEN ABOVE 51890 : Sell any rally to 52000 and break below 51890. 6.BANK NIFTY OPEN BELOW 51711: Wait for a consolidation and break below 51600 decisively. We can sell call for any rally to 51900. 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 16 OCT 202416 Oct 2024 WORLD MARKETS 1. US is looking bullish but is in over bought territory. 2. Europe is trading in a range. 3. Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 still high. Hence market is consolidating and refusing to move higher. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is expected to declare result on 18 Oct. So It is rallying before result. 1686 is a strong resistance. We may 1662 in next two session. 2. ICICI Bank has strong resistance at 1265. Any break of 1265 will be bullish with a tgt of 1280. 3. Reliance is bearish. 2750 is a strong resistance. ANALYSIS 1. From Nov onwards Bank Nifty will be out of weekly expiry. So we have to depend on monthly Bank nifty option charts. 2. Nifty has still have Weekly expiry. 3. So It will be better to get used to Nifty charts as the Bank Nifty weekly option traders may shift to Nifty weekly expiry. 4. However bank Nifty charts are still required to see its effect on Nifty. Also option sellers can effectively use monthly Bank Nifty chart. TRADING PLAN 1. NIFTY OPEN BETWEEN 25112 - 25000: No Trade. 2. NIFTY OPEN ABOVE 25112: Wait for a consolidation between 25050 - 25112 and break above 25120 decisively with strict SL. 3. NIFTY OPEN BELOW 25000: Wait for a consolidation and break below 24930 decisively. 4.BANK NIFTY OPEN BETWEEN 51798 - 52000: NO TRADE. 5.BANK NIFTY OPEN ABOVE 52000 : Wait for a consolidation and break above 52100 decisively. 6.BANK NIFTY OPEN BELOW 51800: Sell any rally to 52000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYLong
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 OCT 202414 OCT 2024 WORLD MARKETS 1. World Markets all have turned bullish post consolidation. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating less volatility. GIFT Nifty is indicating 67 points Uptick at 25025 Levels. This amounts to 51350 Levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1630 levels in past two trading session. 2. ICICI Bank has turned bearish and has closed below 1228 levels. It has support at 1200 levels. 3. Reliance has resistance at 2765. This is a very strong resistance. We may see further downside in reliance. It has support at 2700 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24993 - 24934 : No Trade. 2. NIFTY OPEN ABOVE 24993: Sell any rally to 25100 levels. 3. NIFTY OPEN BELOW 24934: Wait for a consolidation and break below 24850 for taking short position. 4. BANK NIFTY OPEN BETWEEN 51000 -51323: No trade. 5. BANK NIFTY OPEN ABOVE 51323: Sell any rally to 51600 level and break below 51500 decisively. 6.BANK NIFTY OPEN BELOW 51000: Sell any rally to 51250 levels and break below 51100 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:NIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 11 OCT 202411 Oct 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 14 indicating bearishness. That is the reason option premium on call side was not raising. 2. GIFT Nifty is indicating 60 points downtick at 24940. This amount to 51350 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bullish. It has closed above 1662. It has a tgt of 1687. However it has become very choppy. 2. ICICI Bank is still consolidating with 1220 as a good support. 3. Reliance is bearish. It has resistance at 2775. ANALYSIS 1. As expected Nifty was range bound today. It has been range bound for past 2 days. 2. Reliance is bearish. ICICI Bank Consolidating with a bullish bias. HDFC Bank is choppy. TRADING PLAN 1. NIFTY OPEN BETWEEN 24996 - 25040 : No Trade. 2. NIFTY OPEN ABOVE 25040: Wait for a consolidation and break above 25100 decisively. 3. NIFTY OPEN BELOW 24996: wait for a consolidation and break below 24900 decisively. 4. BANK NIFTY OPEN BETWEEN 51700 - 51360: No Trade. 5.BANK NIFTY OPEN ABOVE 51700: Wait for a consolidation and move above 51900 decisively. 6. BANK NIFTY OPEN BELOW 51362 : Wait for a consolidation and break below 51150 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 10 OCT 202410 Oct 2024 WORLD MARKETS 1. US is consolidating with a positive bias. Asia and Europe is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 14 indicating more bearishness. 2. GIFT Nifty is indicating 130 point uptick at 25100. This amount to 51250 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed below 1640 indicating reversal of trend to bearish. It has support at 1620 level. 2. ICICI Bank is still holding on to 1220 level. 3. Reliance has turned bearish and has closed below 1250. ANALYSIS 1. RBI commentary and election result had momentary impact and the indices have closed in red loosing all the gains of the morning. 2.Call writers of Bank Nifty had fantastic profit . Nifty was however not that responsive. TRADING PLAN 1. NIFTY OPEN BETWEEN 25056 -24900: Sell any rally to 25100 and break below 24980. 2. NIFTY OPEN ABOVE 25056: Wait for a consolidation and break above 25250 decisively. However any dip to 25000 can be sold (Call Option 25000) 3.NIFTY OPEN BELOW 24900: Sell any rally to 25000. 4. BANK NIFTY OPEN BETWEEN 50800 - 51228: NO TRADE. 5. BANK NIFTY OPEN ABOVE 51230: Wait for a consolidation and break below 51000 decisively. However any consolidation result in a break above 51500, then it is a buy. 6. BANK NIFTY OPEN BELOW 50800: Selling rally 51000. 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 09 OCT 202409 OCT 2024 WORLD MARKETS 1. US Markets are consolidating with a negative bias. 2. Europe and Asia is trading with a negative bias. Hangseng is down 9.4 % after a move of 37 % up move. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 14.5 and is still high. 2. GIFT Nifty is indicating 80 points uptick at 25090 levels. This amounts to 51200 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1650 indicating pull back may be in order to 1687. we had discussed it yesterday. 2. ICICI Bank is still indecisive with a bearish bias. 1228 is a good support. It has resistance at 1250 level. If it open above this, may be we may see further upside to 1279. 3. Reliance has made a bullish engulfing pattern at the crucial support level of 2775 level. We may see up move to 2856. ANALYSIS 1. Haryana result is out which was very important for the ruling dispensation. 2. However market was not in a mood to move higher due to RBI Policy tomorrow. 3. It is better to be cautious with a bullish bias. May be we can get a bull run tomorrow. TRADING PLAN 1. NIFTY OPEN BETWEEN 25930 - 25100 : NO TRADE. However24900 put can be sold for every dip to 25930 levels. 2.NIFTY OPEN ABOVE 25100: Sell 25000 put for any dip to 25000. 3. NIFTY OPEN BELOW 25930: Wait for a consolidation and break below 25830 decisively. 4.BANK NIFTY OPEN BETWEEN 50825 - 51216 : No Trade. 5.BANK NIFTY OPEN ABOVE 51216: Sell put option for any dip to 51000. 6.BANK NIFTY OPEN BELOW 50825: Wait for a consolidation and break below 50700 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 07 OCT 202407 Oct 2024 WORLD MARKETS 1. All the world markets are looking Bullish and are up 1% - 1.5%. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating increase in volatility. 2. GIFT Nifty is indicating 56 points uptick at 25050. This amounts to 51600 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has very good support at 1640 levels. 2. ICICI Bank has good support at 1200 - 1230. 3. Reliance has support at 2750 levels. we may see some bounce back from here. ANALYSIS 1. There is Haryana and J&K result on 08 oct 2024. This may affect Nifty on down side. 2. The market may look for dovish comment by RBI MPC meeting. 3. Finally we have result season for QE sep Starting next week. 4. So be ready for some volatility. Market may turn rangebound also for the next few days. 5. Because of high VIX option premium are trading at high value. TRADING PLAN: 1. NIFTY OPEN BETWEEN 24868 - 25155: NO TRADE. 2. NIFTY OPEN ABOVE 25155 : Wait for a consolidation and break below 25100 decisively. 3.NIFTY OPEN BELOW 24868: Sell any rally to 25000. 4. BANK NIFTY OPEN BETWEEN 51750 - 51200: Sell any rally to 51850 and break below 51700. 5. BANK NIFTY OPEN ABOVE 51750: Wait for a consolidation and break above 52100 decisively. If break down happen below 51700, it is a sell. 6.BANK NIFTY OPEN BELOW 51185: Sell any rally to 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:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 01 OCT 2024.01 OCT 2024 WORLD MARKETS 1. US Markets are consolidating, while Europe and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 12 indicating increase in volatility. 2. GIFT Nifty is indicating a 68 point down tick at 25750. This amounts to 52800 for bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is bearish and it has support at 1720 levels. 2. ICICI Bank has good support at 1274.5. Any break of 1270 will be very bearish. 3. Reliance surprisingly down 3 % and is looking bearish. ANALYSIS 1. Nifty has next support at 25600. While Bank Nifty is still near 53000 and any move above 53200 can turn bank nifty bullish. 2. Bank Nifty expiry is tomorrow. So we may see a surprise up move. TRADING PLAN 1. NIFTY OPEN BETWEEN 25720 - 25900: Sell any rally to 25900. 2.NIFTY OPEN ABOVE 25900 : wait for a consolidation and break above 26000 decisively. 3.nifty open below 25720: Sell any rally to 25900. 4.BANK NIFTY OPEN BETWEEN 53200 - 52760: NO TRADE. 5.BANK NIFTY OPEN ABOVE 53200: Wait for a consolidation and break above 53350. However any dip can be used to sell 53000 put. 6. BANK NIFTY OPEN BELOW 52758: Sell any rally to 53000. 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 30 SEP 202430 Sep 2024 WORLD MARKETS 1.World Markets are looking positive post The US Inflation data. INDIA VIX AND GIFT NIFTY 1. India VIX is below 12 indicating decrease in volatility. Except Bank Nifty and FinNifty, Nifty is still bullish and holding on 26100 level. 2. GIFT Nifty is indicating 64 points downtick at 24289 which is confusing. So we can Ignore GIFT Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank saw rejection at 1790 levels which is all time high. We may see further consolidation between 1700 - 1790 levels before we can see an upside. 2. ICICI Bank has resistance at 1317 and support at 1270 levels. 3. Reliance on the other hand turned bullish and has closed above 3000 decisively. 3078 is a strong resistance. ANALYSIS 1. Nifty is holding only because of Reliance. If Reliance starts consolidating, then we may see down side in Nifty as Bank Nifty has turned negative for the short term. 2. Wednesday is holiday and hence Bank Nifty expiry is on Tuesday. So need to be careful as there will be drop in premium and market may go sideways. This may push Nifty higher if Reliance rally. TRADING PLAN 1. NIFTY OPEN BETWEEN 26214 - 26145 : No Trade. However 26100 put can be sold for any dip with strict stop loss. 2. NIFTY OPEN ABOVE 26214: Sell 26200 put for any dip to 26150 levels. 3. NIFTY OPEN BELOW 26142: Wait for a break below 26100 decisively. 4. BANK NIFTY OPEN BETWEEN 54000-53672: Sell any rally to 54000. 5. BANK NIFTY OPEN ABOVE 54000 : Wait for a consolidation and break below 54000 decisively. Bullish bets can be taken only above 54240 levels. 6.BANK NIFTY OPEN BELOW 53672: Sell any rally to 53900 -54000 levels. 53672 is 200 SMA level so need to be careful as we can expect a pull back to 54000 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 OF NIFTY AND BANK NIFTY FOR 25 SEP 202425 Sep 2024 WORLD MARKETS 1. World Market are looking bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 13 indicating increase in volatility. 2. GIFT Nifty is indicating a negative opening of 42 points downtick at 25890. This amounts to 53800 for Bank Nifty. INDEX HEAVY WEIGHTS 1. NIFTY OPEN BETWEEN 25900 - 25975 : STRICTLY NO TRADE. 2. NIFTY OPEN ABOVE 25970: Wait for a consolidation and Break above 26050 decisively. 3. NIFTY OPEN BELOW 25900: Wait for a consolidation and break below 25850. 5. BANK NIFTY OPEN BETWEEN 53870 - 54065: No Trade. 5.BANK NIFTY OPEN ABOVE 54062.: Wait for a consolidation and break above 54250 decisively. 6.BANK NIFTY OPEN BELOW 53870: Sell any rally to 54000. 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 24 SEP 202424 Sep 2024 WORLD MARKETS 1. All the World Markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 13.7 indicating we may see a pull back in the near term towards 53500. 2. GIFT Nifty is indicating 90 points uptick at 26000. This amounts to 54300 for bank nifty. INDEX HEAVY WEIGHTS 1.HDFC Bank is very bullish. Tgt of 1795. 2. ICICI Bank has made an inside candle indicating indecisiveness. 3. Reliance has resistance at 3000. TRADING PLAN 1. NIFTY OPEN BETWEEN 25900 - 25967: Buy any consolidation and break above 26000 decisively. 2.NIFTY OPEN ABOVE 25967: Buy any consolidation and move above 26000 decisively. 3.NIFTY OPEN BELOW 25900: Sell any consolidation and break below 25900 decisively. 4.BANK NIFTY OPEN BETWEEN 54230 - 53974: Buy any dip to 53900. 5.BANK NIFTY OPEN ABOVE 54230: Wait for a dip to 54100 6. BANK NIFTY OPEN BELOW 53979: Wait for a consolidation and break below 53850 decisively. However if the Bank nifty move above 54100 post consolidation, it 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