indiamarketoutlook

indiamarketoutlook

Note this is not a trading idea now but a post analysis of trading plan discussed in my previous update. We are looking at a 15 minute chart here, to see Nifty behavior in detail, corelate the movement with our previous analysis and see how useful Chart Analysis can be... The red zone can be found in my the previous analysis also... Refer to my previous...

indiamarketoutlook

Nifty - in the last couple of days Nifty has seen volatile up and down swings, however it has managed to make a higher bottom (positive) - However in the broader picture we have seen Cross down of 20 day EMA below 50 day EMA (not a good sign) - Important zone between 17417-17338 which may act as Potential Resistance - 200 day EMA not tested since September...

indiamarketoutlook

LT We are looking at weekly charts of LT Charts reveal 1680-1658 and 1615-1593 as important levels on the downside The zone around 1600 acted as Resistance in 2019, Feb 2021 and June 2021 before seeing a Breakout in July 2021 On any further dips the stock could provide better Risk::Reward ratio to go long. Take care & safe trading...!!!

indiamarketoutlook

Aurobindo Pharma - The stock has been an underperformer since May 2021 - Was the recent breakdown below 680 just a shakeout of weak hands or would it get resisted again? - We are soon to find out... The stock is near make or break zone. Momentum might be seen on sustaining above 712 Note: In our last stint with Aurobindo Pharma it did not work out that...

indiamarketoutlook

Reliance The stock is currently near Support zone On the upside in the short term it may find resistance around 2512 odd levels Till the time the 2nd line of Support is held on to the overall set up for medium term looks good Target for medium term 2720 / 3200 Take care & safe trading... Disclaimer - The view expressed here is my personal view - Past...

indiamarketoutlook

Nifty If you have been following me, you would know that when Nifty was around 18000 we had given a target of 17385 / 17235 Then when Nifty fell 800 points, we said to expect a bounce back up to 17538 / 17620 Nifty made a low of 17216 and then when it bounced back it made a high of 17600.60 just 19 points from the levels we had given... If you have been...

indiamarketoutlook

DLF View: Range bound - Possible resistance level and Support levels are discussed in the chart Given the set up a Short strangle strategy may be considered Take care & safe trading....!!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision...

indiamarketoutlook

In our previous Nifty post when Nifty was around 18000, we had given a target of 17235 for Nifty. Well, today Nifty has made a low of 17216 and now recovered from there. Need Technical Analysis say anything more??? Expecting some bounce Target 17538 / 17620 Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past...

indiamarketoutlook

Nifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th...

indiamarketoutlook

Watch out for Stone cold 316 Take care & safe trading...!~!!

indiamarketoutlook

- Nifty could be attempting the Line of Support for the 5th time - the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time. - Would it break??? Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline) This is not an intraday view but more of a...

indiamarketoutlook

Nifty - is Nifty struggling to stay up? - is the orange support line getting weaker?? - is it time to be cautious??? Only time will tell. We have planned our trade accordingly... Safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose -...

indiamarketoutlook

Is it H&S in the making...? As of now it has not formed the H&S pattern but I would be cautious with this set up... Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility...

indiamarketoutlook

We are looking at daily charts of Asian Paints - Since 24 Sept 2021, we observe the stock is making lower top lower bottom - trading in a yellow channel - currently near channel top Given the set up one may consider to sell Asian Paints 3200 Call option around 40 ROI potential of 8% on Margin requirement till 25 Nov expiry Inbuilt loss protection for a...

indiamarketoutlook

Nifty Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021. For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it...

indiamarketoutlook

The stock is at crucial resistance levels Given the set up one may consider to sell 25 Nov expiry 260 Call option currently around 7 Strategy has max profit potential of Rs 47250- per lot and has in built loss protection for a rise up to 267 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not...

indiamarketoutlook

ITC - the performance of ITC is similar to the performance of Team India in T20 World Cup... Abysmal - however if we look at it from Chart perspective, we see the stock following the 2-3-5 Rule So what is the 2-3-5 Rule? - It takes 2 point to establish a trend line - Point 3 is your best bet to initiate a trade ( in this case, at 265 since the stock came...

indiamarketoutlook

Nifty CMP 17964 Nifty has tested potential resistance zone today ______________________________________________________________________________________________________ Given the set up, one may consider selling Nifty 18400 Call option for 25 Nov expiry in the range of 120-125 Take care & safe trading...!!! Disclaimer - The view expressed here is my...