indiamarketoutlook

indiamarketoutlook

Idea CMP 9 The quarterly results have reflected a huge loss to the tune of 25K Cr loss... But most of the component of loss were for known reasons. On charts the stock has support AT 7.8-6.6 levels Above the red line the stock may signal a breakout... Keep a close eye.. Consider buying on dips or if you observe a breakout above the red line Disclosure: This...

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Bharti Airtel CMP 550 - The stock has been in consolidation mode for some time - 530 could be crucial support levels Given the set up One may consider selling Bharti Airtel 530 Put Option around 12 Lot size 1851 Max profit potential Rs 22212/- per lot Loss protection in strategy for a fall in Bharti Airtel price up to 518 till 27-Aug-2020 Take care &...

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Nifty CMP 11020 Here I am.. This is me... There's no where else on earth I'd rather be... It feels good to be back and back in action with analysis after a break for a few days due to personal health issues. I take this opportunity to Thank you all for the well wishes and speedy recovery... :-) Coming back to our main topic.... Kya lagta hai... Nifty...

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Nifty CMP 10804 Observation - On 6th July Nifty opened with a big gap up at 10723 & since then it has been trading in a mini range. This is the battle ground where the Bulls & Bears fight is going on ... - F&O data analysis also suggested Game of Positions going on in this region. We observed wild swings in Futures & Options position by Retail participants...

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Nifty CMP 10789 - Nifty is trading above the breakout line but is struggling to stay afloat.... - Given the set up one may consider selling 16 July expiry Nifty 10800 Call option between 80 -100 currently trading at 86 Target 37 / 0 Keep a Stop Loss at 107.50

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SBIN CMP 201 Observation - the stock is having support around 192 levels - resistance is seen around 218-220 levels Given the setup one may consider Short strangle strategy for SBIN Consider selling SBIN 30 July expiry 220 Call Option between 4.5 - 5 ( CMP 4.5) & also 185 Put Option between 4 - 4.5 ( CMP 4) Lot size 3000 Profit potential Rs 25500/ - ...

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Nifty CMP 10775 Yesterday we were able to capture the fall and made the most of it... Analyzing yesterday's trade data - Retail participants have Net neutral stance on Nifty futures - FIIs are having a positive bias and - Pro traders are having a Bearish stance on Index Futures PCR has cooled off to 1.22 from 1.43 yesterday. Now Every one is waiting for...

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Nifty Closing Price 10799 Observation - Nifty trading above the red trend line for 2nd day in a row - However a Hanging Man Candlestick pattern is observed Let us look at F&O data to analyse it further FIIs net sold 4811 contracts worth Rs 409.43 Cr. Futures data • Retail participants added 16.22K Long contracts & added 2.77K Short contracts • FIIs...

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Glenmark Closing Price 432.7 - the stock has seen a meteoric rise from 161 in Mar 2020 to 550 in Jun - the stock has also seen a sharp drop of 120 points from the highs - at current levels there are multiple support possibilities - 20 day EMA currently at 429 - 38.2% retracement at 415 - incidentally the green zone has acted as important level exactly 1...

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Nifty Closing Price 10607 - important support at 10513 - 10485 - important level on the upside 10658 - 10686 With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line. Given the setup, on any dips in Nifty, consider selling Nifty 09 July expiry 10450 Put option...

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Reliance CMP 1776 Given the set up consider selling Reliance 1840 Call Option between 40-45 ( CMP 43.60) Lot size 505 Max profit potential Rs 22018/- per lot Yield potential of 9% till 30 July 2020 In built loss protection for a rise in price up to 1883 till 30 July 2020 Take care & safe trading...!!! Discliamer: - The view expressed here is my...

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DLF CMP 152.85 - Resistance around 155-157 - Support around 144 / 142 Given the set up one may consider selling DLF 160 Call option around 7 Lot size 3300 Max profit potential Rs 23100/- per lot Yield potential 13% approximately In built loss protection for a rise in price up to 167 on 30 July Take care & safe trading...!!! Discliamer: - The view...

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Hindalco CMP 148 - The stock has resistance at 156-160 range - red trend line is broken - orange trend line if taken out, the stock can come down to 136 / 130 levels Given the set up one may consider One may consider selling if orange trend line is broken. or consider selling on rise closer to 154 /...

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LIC HSG FIN CMP 272.50 - The stock is at minor resistance - 278-286 is ma major resistance - Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line Given the setup, one may consider the following trading strategy Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around...

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Nifty CMP 10385 Nifty has opened at important levels for the day Consider selling 02 July 2020 expiry 10500 Call option around 45 CMP 43 Loss in strategy if Nifty closes above 10545 on 02 July 2020 Take care & safe trading...!!!

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Bank Nifty Closing Price 20359 - Bank Nifty is trading at the lower end of the range - in line with my Nifty view which we suggested a range bound activity - Bank Nifty would also likely reflect a possible range bound activity - Weakness would intensify only once it closes below the Black line - Sustaining above 22500 for 3 consecutive days would open up...

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JSW Steel CMP 187 - trading near Channel support - if broken then next support at 178-175 zone & major support 168-166 zone - resistance at 196 / 202 / 208 Given the set up one may consider selling 170 Put option between 5-5.5 ( CMP at 5.20) Lot size 2700 Max profit potential Rs 13500 - Rs 14850/- Yield potential 10% - 11% on capital Loss if JSW steel...

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RBL Bank Closing Price 190.65 - On daily charts the stock looks over-bought - 158-168 may act as support levels - resistance at 208-212 levels and above that 230 Given the chart setup one may consider buying on dips ________________________________________________________________ Alternatively, one may consider a Short strangle strategy for the stock...