indiamarketoutlook

indiamarketoutlook

What is Fibonacci series The series starts with 0,1... From here on the next number is obtained by summing up the previous two numbers. (0,1,1,2,3,5,8,13,21,34,.....) After the initial few numbers dividing a number by the next immediate number, gives us roughly 61.8% (for eg 21/34 = 61.8%) and if we divide by skipping one number we get roughly 38.2% (for eg...

indiamarketoutlook

Nifty has seen a lot of selling in Oct Month currently Nifty is approx 400 points adrift from 63 day EMA Nifty has shown some degree of buying since last 1 hour Friday Can this be take the Nifty to 24750 -24800 odd levels??? Take care & safe trading...!!! Disclaimer - the view here is my personal view and does not imply any recommendation - pls do your own...

indiamarketoutlook

Laurus Lab The chart suggests 430-455 acting as support Once above 480 levels, the stock can look to test 558 / 604 odd levels Take care & safe trading Disclaimer - The view is my personal view - Do your own research and consult your financial adviser before taking any financial decision

indiamarketoutlook

DLF We are looking at daily charts of DLF - the stock looks like trading in down trend channel since Apr 2024 - the stock is trading below both 21 day and 63 day EMA - 21 day EMA is below 63 day EMA - channel resistance around 840 Chart structure is looking weak - likely support zone around 200 day EMA which is currently around 769 Given the set up and my...

indiamarketoutlook

- we are looking at Nifty daily charts - Nifty is currently roughly 540 points (more than 2%) above 21 day EMA - the gap is above historical average levels - some cooling off in Nifty can not be ruled out Given the set up, my strategy Sell Nifty 29 Aug 2024 25200 Call Option around 180 Yield potential 8% approx. on Margin In built protection for a rise up to...

indiamarketoutlook Updated 

With Election results behind us, let us look what the chart is trying to tell us We see Nifty respecting 22653-22705 odd levels both as support, then resistance. Now Nifty is trading above that zone Nifty trading above 200 day EMA... 63 day EMA... 21 day EMA... 5 day EMA Given the chart set up, one may look to buy any dips. My preferred trading strategy ...

indiamarketoutlook

ICICI Bank Observations - We are looking at daily chart of ICICI Bank - 5 day EMA and 21 day EMA at 1117 & 1119 respectively - red line of resistance around 1133-1137 odd levels - stock is near blue line of support for the 5th time ( not a conducive scenario) - 200 day EMA and green line of support around 1031-1040 levels For me this does not give confidence to...

indiamarketoutlook Updated 

Nifty is continuously testing the resistance zone showing signs of strength Given the set up, one may consider a short strangle strategy An example of Short Strangle Sell Nifty 29 Feb expiry 21700 Put option around 160 22450 Call option around 140 Total incoming 300 points. Max profit potential of approx 12% on Margin Capital Inbuilt protection - for a...

indiamarketoutlook

- We are looking at Channel trade potential - Stock has been trading in a sideways channel since July 2022 - currently trading above 21 day EMA (2419) and below 63 day EMA ( 2469) - momentum may come in once closing is above 2470 odd levels Rest levels are mentioned in the chart itself Take care

indiamarketoutlook

Nifty With Budget being an Interim Budget nothing much was expected from Mr Market and now that Budget is behind us Market might look to consolidate here... Range mentioned in the chart Take care & safe trading...!!!

indiamarketoutlook Updated 

A few days back, we had mentioned that Nifty may fall towards 18820 odd levels When 18820 odd levels came, despite gloomy world markets and our markets also going through a sell off, it was suggested that Longs could be initiated. Results are in front of you. Going forward: Buy on dips can be considered. Till the time Nifty stays above 19030 - 18960 odd...

indiamarketoutlook

DLF Chart set up - Stock is trading in an up trend channel since Aug 2023 - 21 day EMA around 550 - midline of the channel around 550 - currently trading at upper end of the channel Trading strategy Short Strangle strategy Example of Short strangle Sell 605 Call option and Sell 545 Put option Understanding Risk :: Reward Net receivables in strategy...

indiamarketoutlook Updated 

Historical levels in Tata Steel tend to provide good Risk:: Reward ratios to enter trade. Levels are mentioned in the chart. View gets invalidated if Tata Steel goes below 112 Take care & sage 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...

indiamarketoutlook

HUL Chart set up - we are looking at weekly chart of HUL - Stock is trading in a channel since July 2022 - currently at lower end of the channel View - Range bound movement Trading Strategy - Consider to accumulate at current levels and on dips for a target potential of 2730 odd levels - If weekly closing is below 2393 then pattern gets invalidated ...

indiamarketoutlook

BHEL Chart set up - the stock has seen a meteoric run of approx. 14 points from 122 to 136 on 1st Sept 23 and then a 14 point drop back to 125.65 a few days later on 12 Sept 23. - this makes the zone of 122-125.65 a crucial level to watch out for which may potentially act as resistance zone - on the down side 63 day EMA is around 118 - recent closing low of...

indiamarketoutlook Updated 

We have highlighted this possibility few days back that below 63 day EMA Nifty might have a strong probability of touching 200 day EMA... Here we are Nifty lingering around 200 day EMA. Closing Short positions should be considered. For Medium to Long term investors, these are good times to accumulate good quality stocks in Equity / Cash Take care &...

indiamarketoutlook

At current levels, Reliance looks good from medium to long term perspective Consider Accumulating at current levels and on dips for target of 2450 / 2620 / 2840 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...

indiamarketoutlook Updated 

Looking for a bounce back... Conider buying in 2 tranches 1 at current levels and on further dips towards 19180 Target 19405 (Reward potential 170 points) SL 19155 (Risk 50 points) Take care & safe trading...!!! Do Like, if you find it useful Follow for more trading ideas...!!! Disclaimer -The view expressed here is my personal view - Past performance is...