indiamarketoutlook

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...

indiamarketoutlook Updated 

- In our previous post we had highlighted the zone of 18350-18445 as resistance zone - 18350 was the high made on Oct 14th after which we had seen a big gap up opening - on 20th Oct, the fact that it came down below that gap zone, made it a potential resistance zone and that is how it gained it's importance. Rest Technical Analysis shows its magic. -...

indiamarketoutlook Updated 

Nifty - The zone of 18350-18445 is potential resistance zone - the zone of 17600-17800 is an important support level to watch out for Given the set up one may consider to sell Nifty 25 Nov expiry 18600 Call option currently around 200 Strategy has max profit potential of Rs 10000/- per lot till expiry and in built loss protection for a rise up to 18800...

indiamarketoutlook Updated 

Tata Motors 542 / 573 are important level for Tata Motors (closing high in Sept 2016 / & Jan 2017 ) Given the set up one may consider selling 560 Call option currently around 12 Max profit potential Rs 34200/- per lot (yield potential 9% on Margin requirement till 28 Oct expiry) Loss protection for a rise up to 572. The stock has seen a tremendous rally in...

indiamarketoutlook Updated 

Tata Power Red Line resistance levels Yellow line is neutral line and Green line is support line High made yesterday was 267.85. From there we saw a huge selling pressure which indicates Bulls were happy to book their profits at those levels. Given the set up trading strategy that may be considered Sell Tata Power 28 Oct expiry 270 Call Option currently...

indiamarketoutlook

Infy Observations - multiple resistance seen between 1745-1820 - line of resistance level around 25 Nov is around 1855 - support around 1667 - major support around 1600-1592 levels For any cash buying decisions, that's the zone where risk::reward ratio looks most favorable...

indiamarketoutlook

This is a follow up. In our earlier post we had suggested the need of holding 738-712 odd levels. Now on weekly charts we see dragonfly doji and then later gravestone doji both forming around 712 odd levels The set up has a target of 758 / 805 / 820 odd levels Keep a SL at...

indiamarketoutlook

Chart is self explanatory. Keep a close eye. Between 69-67 looks good to accumulate Explosive movement may come once closing is above 72 for targets of 80 / 84 SL 63 Do note: This is not the 1st time we have written about BHEL. Last 2 recent ideas worked to perfection. It should be noted that our view may be biased because of our earlier positions. So pls do...

indiamarketoutlook

Infy - Prima facie 1745-1758 looks likely to be resistance zone - trendline resistance on 28 October comes around 1789 odd levels - on the downside 1640 / 1560 are 2 important support levels So there you go, Important levels have been identified. Given the set up, F&O Strategy that may be considered: Sell Infy 28 Oct expiry 1800 Call option currently around...

indiamarketoutlook

BEL Observations: - Head & Shoulders pattern with stock trading at neck line Target for the current setup 187 Trading strategy that one may consider: Buy 200 Put and Sell 185 Put to reduce your cost Take care & safe trading... Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this...

indiamarketoutlook Updated 

LIC HSG FIN Observations - stock is at important resistance zone if this zone is taken out next resistance level is around 476-484 levels - the red line of resistance and grey horizontal resistance line coincides around 484 on 28 October - on the down side green line support on 28 October comes at 410 odd levels Given the important levels Strategy that may...

indiamarketoutlook

Nifty - 17728-17776 is an important resistance zone. - 17581-17533 is an important level to watch out for on the downside If Nifty sees price rejection at resistance then potential target could be 17581/ 17533 / 15482 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...

indiamarketoutlook

Bata Observations: - higher top higher bottom since April 2021 - Cup and handle formation The stock has a Cup & Handle target potential of around 2120, however it should be noted that sustaining above 1895 could also lead to fresh breakout into uncharted territory with further potential of even 2600 odd levels. Multiple support around 1780 odd levels and 1687...

indiamarketoutlook Updated 

Nifty Till the time Nifty trades below 17840 odd levels there is a strong possibility of nifty forming Head and Shoulders The target for the current set up could be roughly 16930 odd levels. _______________________________________________________________________________________________________ Given the setup one may consider selling 28 Oct expiry 18200 Call...

indiamarketoutlook Updated 

SBIN Observations: - we see SBIN trading in a channel since 17 May - if the blue line is taken out SBIN may fall up to 419-406 zone - on the flip side, 467-472 has seen increase in supply in recent times - if this zone is taken out, there is a potential for a rise up to 512 odd levels - however it may encounter some resistance around channel top - channel...

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Sun Pharma - We observe Sun Pharma giving a steep rise in July month end (Pole formation) - thereafter the stock went in to consolidation phase (Flag formation) - Now the stock has come out from that consolidation phase - going forward, on the lower side 780- 760 may provide support If the stock manages to hold on to 780-760 zone for some time, then 930 / 944...

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Infy - Come October we have the result season in front of us Looking at the chart set up now: - The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone - on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone Given the set up, Strategy that may...