indiamarketoutlook

ICICI BANK CMP 410 The stock is trading in down trend channel The target for the current setup comes around 368 SL if closing above 422 Take care & safe trading...!!

DLF CMP 164.50 Last time when stock was at 181 we suggested to sell above 182 for target of 139 After recommendation, the stock made a high of 182.90 and low of 136.70 Currently the setup suggests 170-172 may act as resistance and inability to sustain at current levels will take DLF down again...

Nifty (Closing Price 10997) - Nifty is near support zone - In the last 2 days we have seen some buying emerge especially at lower levels. - Nifty needs to hold on to 10940-10960 odd levels on closing basis - The yellow channel has played a major role in the past 1 year - can be seen in our previous...

Biocon CMP 240 Look to sell for target of 233 / 226 / 222 / 214 SL if closes above 246 Safe trading...!!!

Nifty Closing price 11284 We have been giving bearish view on Nifty for some time now. And we had given Nifty target of 11300 in our last update. Well, that's precisely where we are seeing Nifty consolidating now. It has closed below 200 day EMA after a gap of 5 months now. The overall structure is still looking weak. Important levels to watch out for next...

ICICI PRU LIFE CMP 405.50 The stock is at important resistance zone Strategy Look to sell ICICI PRULIFE using Options. Option Strike Price : 420 Call Option Expiry: 29 August 2019 expiry Current Price : 9 Lot size: 1500 Max profit potential Rs 13,500 per lot In built loss protection for rise in stock up to 429 till 29th August 2019 Take care & safe...

DLF CMP 181.20 - we observe triangle pattern in DLF chart - trading below 50 day EMA and 200 day EMA - crossover of 50 day EMA below 200 day EMA not yet happened - Levels have been mentioned in the chart itself... The target for the triangle breakdown pattern comes to around 139 in 2-3 months Take care & safe trading...!!!

Nifty CMP 11525 In our previous post we highlighted how FIIs have turned bearish and what could be a possible scenario... Quote from previous post... "The Bears were happy to book profits. But We need further confirmation. If this Short covering rally is not backed up by fresh buying then Bears will know that Bulls have been cornered. And that might tempt them...

As was suggested in my earlier post that Futures and Options data analysis was indicating weekly Options expiry to be below 11600. Well the high made on Thursday was 11599 and the closing was at 11582. Derivatives data analysis FIIs net bought 5.8K contracts worth Rs 572.07 Cr 274 Long contracts were squared off and 6.1K Short contracts were squared off by...

Category Date Buy Value Sell Value Net Value FII/FPI 10-Jul-2019 3853.73 4458.67 -604.94 Category Date Buy Value Sell Value Net Value DII 10-Jul-2019 3499.57 2832.17 667.4 FIIs have net Sold 604.94 Cr in Cash market & DIIs have net bought 667.4 Cr in Cash Market Derivatives...

FII DII Activity in Cash Segment (in Rs Crores) Category Date Buy Value Sell Value Net Value FII/FPI 09-Jul-2019 4334.19 5008.45 -674.26 Category Date Buy Value Sell Value Net Value DII 09-Jul-2019 4545.33 3834.42 710.91 Derivatives analysis FIIs Net Sold 17.1K contracts of Index Futures worth Rs 1469.23...

FII DII Activity in Cash Segment (in Rs Crores) FII/FPI 08-Jul-2019 -401.99 DII 08-Jul-2019 321.13 Derivatives analysis FIIs Net Sold 31.8K contracts of Index Futures worth Rs 2901.96 Cr on 8th July 2019. Nifty opened gap down at 11770 (that also being the high point) and continued...

Adani Power CMP 65.2 At Cmp and on dips towards 58 the stock can be looked for buying. Target for the current setup 84 / 91 Momentum on close above 70.40 Take care & safe trading...!!!

Reliance Closing Price 1278 - the stock is currently in no trade zone but is interestingly poised - long trade can be initiated above 1307 for target of 1340 (SL 1288) - sell if closing below red line (below 1253) for target of 1189 / 1148 Take care & safe trading...!!!

BEL Closing Price 112.1 - the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone - looks good on any dips towards 104 or crossing above the yellow zone (closing above 122) - target for the current set up 134 / 148 / 158-162 - SL if weekly closing is below 97

INFY CMP 733 The stock has broken down from the channel trade after it announced it's quarterly result. The stock is looking weak and may come down to 680-668 zone Consider selling in the zone of 733-742 & Keep SL if closing above 745 Take care & safe trading...!!!

Nifty The red channel reflects that the level has acted as resistance for Nifty. At current levels Selling Nifty has better risk::reward ratio. Levels are mentioned in the chart Take care & safe trading

Biocon Closing Price 628 - The stock is at important levels and we try to analyse different possible scenarios and how one can plan their trade. - we are looking at 4 possible situations and accordingly one can plan their Trading strategy:- Situation 1 - In case of dips look to buy in the zone of 618-607 levels for target of 662 / 682 initially. - pattern...