Nifty50 closed at 18089 as there was selling pressure observed in metal, banking, and technology stocks. SGX nifty signals a neutral to gap down opening. Markets closed lower prior to the US Fed policy meeting. Strong buys from FIIs saved the day along with strong economic data. FIIs' cash purchase was 1338 CR and DIIs bought 584 CR (Net positive of 754)
Today's Possible Trading Levels:
Buy only above 18150 >>>>> Buy ITM 18100 CE. (TGT 18200 | SL 18100)
Sell only below 18100 >>>>> Buy ITM 18150 PE (TGT 17050 | SL 18150)
Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution...
Nifty50 closed 18065 as FIIs cash purchase was 3304.3 CR and DIIs bought 264.3 CR (Net positive of 3568.6). SGX nifty signals a gap up.
Today the market is expected to be in the range of 18100 on the upper side and 17800 on the lower side.
Resistance: 67.99 LAC Call OI buildup @ 18200 level
Support: 99.1 Lacs Put OI buildup @ 18000 level...
Nifty50 closed 17915 as FIIs bought 1652 CR and DIIs bought 97 CR (Net positive of 1749). SGX nifty signals a gap up.
Today the market is expected to be in the range of 17100 on the upper side and 17800 on the lower side.
Resistance: 39.7 CR Call OI buildup @ 18000 level
Support: 75.5 Lacs Put OI buildup @ 17800 level (STRONG SUPPORT @...
HERO ZERO call opportunity:
If Nifty touches 17700 - Buy ATM 17700 both CE and PE (total premium put together should be within 80-90 Rs)
If Nifty touches 17900 - Buy ATM 17900 both CE and PE (total premium put together should be within 80-90 Rs)
Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my...
Nifty50 touched 17807 only to lose steam towards the last 30 minutes trade and ended 17769 (closer to high of 24th APR). Banking stocks were quite active in trade yesterday, but the heavyweights of Nifty were not getting enough buying.
FIIs sold 407 CR while DIIs bought 564 CR (Net positive of 157).
Today the market is expected to be in the range 17850 on the...
Nifty50 rose by 119 points yesterday based on good quarterly results of heavyweight banking stocks ICICI and HDFC. SBI and Reliance also contributed moderately to this rally.
Today the market is expected to be in the range 17900 on the upper side and 17600 on the lower side.
Resistance: 0.80 CR Call OI buildup @ 17800 level
Nifty 50 rose quickly close to 1000 points over the past few weeks without any retracement until Thursday and Friday which showed some profit booking and long unwinding. This was expected as the resistance was quickly breached without retracement.
Monday trade and the week are expected to be range bound between 17800 on the upper side and 17500 on the lower side....
Great Rally today in both Nifty and Bank Nifty.
Nifty 50 has quickly covered the psychological barrier of the 17800 level which is crucial for 18000+ levels.
Resistance: 1.32 CR Call OI buildup @ 18000 level. followed by 91.4 L Call OI buildup @ 17900 level. (STRONG RESISTANCE AT 18000 LEVEL).
Support: 1.06 CR Put OI buildup @ 17700 level. followed by...
Today's Rally was due to buying in Auto, Banks and metal stocks. Also FIIs bought 343 Cr while DII dumped 264 Cr, though the net was positive (79Cr.)
Nifty 50 has reached a crucial level 17722. There is a tough fight between bulls and bears at this level to mark their dominance.
Total Call OI: 6.66CR
Total Put OI: 6.55CR
Bulls are relatively a little...
Nifty 50 broke the Resistance of 17500 and headed towards 17600. If Nifty continues to sustain over 17500 then the index will move from Negative to Neutral Bias. It has to cross 18000 to look positive. Resistance and support can be observed tomorrow at the following levels:
Nifty has closed above MA100 and MA50 and looking at MACD, it confirms a bullish view. There has been huge, short covering over the last week and the range now has broadened and the expected trading range is 16900-17500. It will be range bound if indices are between this range. If it breaks the lower or upper circuit of range 16900-17500, the market is...