indiamarketoutlook

indiamarketoutlook Updated 

Nifty Chart analysis Jan F&O series has been completely rangebound between 17761-18265 (just 504 points range or a mere 2.8% range). ___________________________________________________________________________ Although Nifty was very volatile during this time moving up one day and down the next and making it difficult to trade, it worked out smoothly for our...

indiamarketoutlook

ONGC - This is a follow up on my previous idea when stock was trading at 140 odd levels Chart set up - The stock seems to have given a fresh breakout on hourly charts from yellow channel channel - 21 hour EMA and 63 hour EMA around 148 / 146 respectively Target potential for the stock 156-158.50 Use the 21 hour or 63 hour EMA as important Support level to...

indiamarketoutlook

I have been trading Tata Steel since October 2022 and In the month of November this is what was posted for Tata Steel The stock was trading at 104.75 - Target given was 113 / 118 / 122 - also had suggested the importance of Green Line acting as support ( Click on the...

indiamarketoutlook Updated 

Tata Steel In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well... Now the stock is at same level, however, In the current set up, - the stock is trading above 21 day EMA and 63 day EMA -...

indiamarketoutlook

Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3....

indiamarketoutlook

Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3....

indiamarketoutlook Updated 

IOC Chart setup - Level of 73 acted as resistance between July 2022-Sept 2022 - breakout was observed in late November 2022 After a month the stock has again come back to retest 73 odd levels If the level is with held the stock can look to propel towards 84-85 odd levels and sequentially towards 90 odd...

indiamarketoutlook Updated 

Nifty - Nifty has had a nice pullback from the lows of 17780 odd levels this week - today it respected 50 day EMA at 18164 odd levels - Will the pullback continue or will it stop??? Let's look at Futures and Options data ____________________________________________________________________________________ F&O Data analysis...

indiamarketoutlook

Gail India Return potential - 8-10% / 15-16.5% Risk: 3-6% Risk::Reward ratio is 1::3 / 1::2.5 - Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!! Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed...

indiamarketoutlook

Yesterday night, I had put forth an analysis where I had suggested that not expecting a big down day closing today. Remember that - Dow was down 300 points - Asian markets were down but I had clearly written that this is not about world markets. With FIIs in holiday mood, our Nifty movement will depend on the battle between retail traders and Pro traders. ...

indiamarketoutlook Updated 

Nifty In my last take on Nifty futures when it was at 18687, I had given a target of 18258. I exited from the trade in Futures very early ( I too am human and can get scared sometimes) and then went with some Call short position for better risk management. If...

indiamarketoutlook

Chart set up - We are looking at weekly chart of HPCL - after facing downward pressure from Line of resistance 4 times, it finally gave a breakout on the 5th occasion - currently it is back retesting the breakout - stock has support at 224 / 216 / 204 odd...

indiamarketoutlook

Asian Paints The Chart set up - Since Oct 2022 the stock has been trading in a channel - chart is not strong but with crude prices stabilizing at lower side it favors the sector as oil is one of the major raw material. ___________________________________________________________________________________________________________________________ Trading plan One...

indiamarketoutlook Updated 

Chart setup The stock has previously taken support at 3450 odd levels in late May - June 2022 / Aug 2022 / Oct 2022 - it broke down below that in November and the same level acted as resistance in for a month and a half - now again trading above the crucial levels - blue trendline support comes at 3330 odd levels on 25 Jan...

indiamarketoutlook

Reliance The Chart set up The stock has been sideways for the last 8-9 months. The stock has fallen approximately 9% from the top in the month of December so far. Important levels on the downside which has the potential to provide support S1 - 2467-2485 S2 - 2405-2420 Important levels on the upside which has the potential to act as resistance R1 - 2565-2588...

indiamarketoutlook

Bank Nifty 21 day EMA currently around 42957 63 day EMA currently around 41748 These are dynamic and keeps changing, so follow the chart for exact levels on any particular moment Unlike Nifty, Bank Nifty is still trading above its 63 day EMA. However with weak global sentiments overall, it would be a test of time for Bank Nifty. - important levels to watch...

indiamarketoutlook

Nifty first instance has taken a fall from the opening levels. Again if you see the chart we see it respected 21 day EMA. In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140 The same has been updated in my...

indiamarketoutlook

Infy - the stock is managing to hold on to gap zone levels - important support levels 1480 / 1444 / 1433 - 20 day EMA and 63 day EMA at 1562 and 1545 respectively Given the setup, one may consider to sell Infy January expiry 1460 Put option The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd...