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Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally. However Can the momentum continue without a decrease in Open Interest? FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr Important levels which may act as Support and resistance for the day Imp levels on the upside: 19865 / 19890 / 19922 Imp levels on the downside 19705 / 19682 / 19640 The zone of 19640-19682 is going to be very important for the Oct series. Take care & safe trading...!!! Like and Follow
NSE:NIFTY
by indiamarketoutlook
Nifty: Near resistance zoneNifty In my last update had mentioned that above 19482 we could see a Short covering rally. From 19482 to 19689... Nifty has seen a good 200 point plus movement. With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart. Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls but could start favoring the Bears Selling Call options may be considered. Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty near 21 day EMALast time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war looming ahead of us on Monday morning. Traders might not have foreseen this coming and there could be adjustments made possibly Monday morning. It would be best to let the market settle first. There could be cues from price action in Crude Oil prices and Gold prices. If Brent crude goes above 90 then there could be further downside pressure trigger for our markets. If not we might see a bounce back after the initial knee jerk reaction. Important levels which may act as Support and resistance for the day Imp levels on the upside: 19720 / 10854 / 19878 Imp levels on the downside 19576 / 19458 / 19333 ONGC could take support at current levels and look for a push possibly towards 200 - 220 in coming days Take care & safe trading...!!! Like and Follow Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: Is it the silence before the storm? Nifty action in the last 3 days... Like a Scream but sort of Silence... It has seen some wild swings up and down but is not showing much strength... closing flat near 19774... Is it the silence before the storm??? Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall? Right before the expiry the battle between the Bulls and Bears is heating up… Stakes are getting higher and waiting for one of them to get cornered. Bulls need a close above 19840 odd levels to feel comfortable and Bears might get stronger once 50 day EMA is taken out.... Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook
Nifty breaks below 20K mark... Is short term top in place?Nifty after managing to float above 20k mark for a few days, has finally broken the support. Will Is the short term top in place or will we see Nifty reclaiming back 20 K ??? F&O data insights Index Futures Retail traders added 8332 Long Contracts and squared off 13492 Short Contracts FIIs squared off 30419 Long Contracts and squared off 5337 Short Contracts Pro traders added 4626 Long Contracts and added 692 Short Contracts Index Call Option Retail traders squared off 8.22 Lakhs Call Long Contracts and squared off 9.90 Lakh Call Short Contracts FIIs squared off 2.13 Lakh Call Long Contracts and squared off 67099 Call Short Contracts Pro traders squared off 1.67 Lakh Call Long Contracts and squared off 1.45 Lakh Call Short Contracts Index Put Option Retail traders squared off 15.05 Lakh Put Long Contracts and squared off 15.41 Lakh Put Short Contracts FIIs squared off 1.03 Lakh Put Long Contracts and squared off 6879 Put Short Contracts Pro traders squared off 2.93 Lakh Put Long Contracts and squared off 3.75 Lakh Put Short Contracts PCR : 0.80 We see significant reduction in OI with FIIs squaring off a good portion of their Long Positions suggesting they were happy to book profits even after the gap down. In Cash Market FIIs sold to the tune of Rs 3110.69 Cr DIIs have sold in Cash Market to the tune of Rs 573.02 Cr On any pullbacks, Bears would sniff a chance if they see Nifty unable to cross today’s gap at 20050-20115. Important levels which may act as Support and resistance for the day Imp levels on the upside: 19966-19982 / 20019 - 20046 Imp levels on the downside 19863 / 19827 / 19786 Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook
TVSMOTOR, 1D forms Bearish EngulfingNSE:TVSMOTOR TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India in terms of revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles. TVSMotor formed Bearish engulfing candlestick pattern after an uptrend on daily timeframe and gave closing below that candlestick pattern. Entry : 1454.4 Target : 1386 SL : 1502 RR : 1.44
NSE:TVSMOTORShort
by Safwan65
ACC formed Bearish Marubozu on 1DNSE:ACC ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936. ACC formed Bearish Marubozu and gave closing below it. Entry : 2024.5 Target : 1913 SL : 2106 RR : 1.36
NSE:ACCShort
by Safwan65
Nifty: How September series start looks like19480-19460 played a vital role in Aug series and so did 19385 in the last 2 trading days. Directional trade can be taken once Nifty decisively breaks 21 day EMA or 50 day EMA. A few days back when Nifty closed below 50 day EMA, it bounced back immediately. Now again Nifty has broken the 50 day EMA on Expiry day. Is this a knee jerk reaction or is the breakdown real this time. If Nifty struggles to go past 19320 odd levels on the upside then it could indicate Bears trying to make a grip on the market. On the flip side, avoid selling above 19320 odd levels. Till the time Nifty is below 50 day EMA, chance of downfall towards 19030 / 18951 odd levels is on a higher side. Important levels which may act as Support and resistance for the day Imp levels on the upside 19320 / 19438 / 19487 Imp levels on the downside 19193 / 19152 /19080 Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
Nifty: Trading between 21 day EMA and 50 day EMAFor most part of the August month, Nifty has been trading between 21 day EMA and 50 day EMA - the monthly average for Nifty Futures is around 19490 Nifty likely to open gap up. However one needs to watch out for 19389-19424 zone If after gap up, Nifty sees rejection in this zone and falls below 19385, then pullback rally may be considered to be over and we might see continuation of downfall. Cautious if Nifty trades above 19430. View gets invalidated if Nifty closing above 19490 Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
1
Is the Monthly Nifty expiry gonna be a volatile climax???Nifty We are looking at daily charts of Nifty - Since July 20, Nifty is trading in a falling channel - Currently Index is seen struggling to re-claim 21 day EMA zone - Nifty Closed below 50 day EMA after 31 March 2023 There could be a pullback attempt from here but if Nifty closing by Wednesday is below 50 day EMA, then we might see some further downside. Important levels on the upside: 19322 / 19384 / 19440 Important levels on the downside: 19196 / 19080 / 18966 Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook