indiamarketoutlook

indiamarketoutlook Updated 

Nifty has taken resistance today at 61.8% retracement level Going forward important support and resistance level for Nifty Resistance: 17320 / 17440 / 17620 / 17735 Support: 17051 / 16960 / 16820 / 16705 Suggested trading strategy Given the set up, One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option...

indiamarketoutlook

Chart is self explanatory 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 for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind...

indiamarketoutlook

On Jan 27, when the stock was at 376, this is what was suggested The stock gave ample opportunity to buy. Today JSPL has made a high of 444.80 That is 18% ROI in about 15 days. CMP 438 (16.5% approx) Profit booking can be considered Just following SImple Technical Analysis and results are in front of you Happy trading....!!! (P.S: The credit here...

indiamarketoutlook Updated 

JSPL - the stock is currently trading below it's 50 day - The stock is currently near it's 200 day EMA (a tad below to be precise) If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447 - Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350...

indiamarketoutlook

In my previous post we had mentioned that 17550 zone is crucial for the markets. Sustaining above that would open doors for further upside Despite the ups and down, despite the volatility, Nifty managed to close above 17750 on Budget day giving signs of strength. Till the time Nifty manages to stay above its 50 day EMA, it might be a good idea to buy the...

indiamarketoutlook

DLF the stock is heading at a zone where there is plenty of resistance between 395-414 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 for the same - It's your hard...

indiamarketoutlook

Nifty is at crucial resistance level. This could be make or break levels for Nifty... Sustaining above could open doors for 18200 odd levels... Unable to sustain might take it down back to 16800 odd levels. Be cautious and Stay alert. Note: This is not for intraday. The range is for the Feb month Disclaimer - The view expressed here is my personal view -...

indiamarketoutlook

- The stock is near the lower end of the channel - 50 day EMA is around 382 - 200 day EMA around 366 Target for the current set up Short term target 382 Medium term target 418 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...

indiamarketoutlook

TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! 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 for the...

indiamarketoutlook

IOC Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132 The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term Above 142,...

indiamarketoutlook

ONGC - This is a follow up on ONGC (idea posted on 30 Dec 2021) - the stock has seen momentum once we saw breakout from the down trend channel around 148 - despite the broader market volatility and weakness, ONGC has been one of the strong candidates who has stood tall - it is now positioned at another important level... near the top made in Oct 2021 -...

indiamarketoutlook

Nifty Nifty is trading below 20 day EMA. Nifty is near 2 important levels i.e 38.3% retracement level & 50 day EMA around 17609-17623 odd levels Plan your trade accordingly 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...

indiamarketoutlook

Nifty Before the result calendar starts Nifty has had a one way rally and is now trading near 76.4% retracement levels of the entire fall from 18604 odd levels to 16410 levels. Given the set up, one may consider selling 18300 Call Option in the range of 130-166 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view -...

indiamarketoutlook

RBL - the stock took support at 155 last time in Aug 2021 from where the stock went up - on 27 Dec 2021 the stock broke that level decisively with a big gap down and negative closing thereafter - going forward the stock may find it difficult to go past beyond 155-160 odd levels - on the downside the stock may come down to 112 levels and may even go sub 100...

indiamarketoutlook

Vedanta - The stock has fallen from trendline resistance level - the stock has come below 20 day and 50 day EMA the stock may drop towards 316 / sub 300 odd levels Take care & safe trading...!!!

indiamarketoutlook

- The chart period is from Mar 23, 2020 till current date - if we analyze the performance since the announcement of Lockdown, our markets have performed far better than our Asian counterpart. - the difference is even more if we compare from the peak of 2008 highs. I remember back in 2005-2008 I use to compare Sensex and Hangseng movement ( Sensex peak in 2008 ...

indiamarketoutlook

Tata Power - The stock is at crucial trendline resistance - 216 is an important support level which if broken would lead to further fall On the upside 230-236 odd levels has the potential to act as resistance Given the set up, one may consider a Bear Call spread strategy. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal...

indiamarketoutlook

Indian Oil The stock is near important support level Target 126 / 132 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 for the same - It's your hard earned money. Treat it...