indiamarketoutlook

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BHEL CMP 53.95 Observations - stock has done a 76.4% retracement - 200 day EMA around 53 - stock near trendline (which may act as support) given the set up one may consider to accumulate stock from medium to long term perspective ( at cmp and on further dips ) momentum / short term players may consider buying if closing is above 57 for target of 62 /...

indiamarketoutlook

Infy CMP 1702 Observations - 20 day EMA currently around 1691 - 50 day EMA currently around 1618 a close below 20 day EMA may lead to fall towards 50 day EMA also keep a close eye on USD INR. If Rupee strengthens further (towards 72 levels) the probability of Infy falling towards 50 day EMA would increase ...

indiamarketoutlook Updated 

Tata Steel - We observe Tata Steel trading in blue channel from 03 May to mid July - currently it is trading in mirror image red channel - RSI is between 40-60 Tata Steel could likely be revolving in the red channel for September month For Cash buying any dips towards 1245-1260 may be considered as good entry...

indiamarketoutlook Updated 

Nifty - Levels mentioned in the chart - Data analysis as of now is suggesting that today could be a subdued day Not worth taking the risk and losing money. I would give it a pass... 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 Updated 

Nifty Observations - Nifty managed to close in the green; however Index Futures OI reduced by 3.62% - if Nifty trades below 16325 then it would form lower top - lower bottom in ultra short term and could increase probability of short term down trend - however given it is weekly expiry day, an extension in morning trade towards 15340 / 15359 can not be ruled out....

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ONGC Levels mentioned in the chart Best regards 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 your...

indiamarketoutlook Updated 

Hindalco Levels mentioned in the chart _____________________________________________________________________________ F&O Strategy Consider selling Hindalco 26 Aug Expiry 470 Call option (currently at 7.65) Max profit potential Rs 16447/- per lot Loss protection for a rise in stock price up to 477.65 till expiry day

indiamarketoutlook Updated 

BEL Observations - the zone of 156-160 acted as resistance in March, May and June 2021 - breakout occurred in 2nd half of June - this zone may likely see reversal of role going forward.... meaning previous resistance likely to provide support - the zone of 180-186 saw lot of consolidation / distribution - currently trading below the resistance zone given...

indiamarketoutlook Updated 

Nifty It was mentioned that - Nifty closing today would be subdued - not expecting any firecrackers today Range given for today was 16190-16302 with possibility of extended range of 16160-16330 The level of 16330 also had it's importance from Technical Analysis point of view and was mentioned in this post as T3 level Nifty levels were...

indiamarketoutlook Updated 

This is not a trade recommendation. But a study to showcase the importance of understanding Positions of various participants viz - the retail traders - FIIs and - Proprietary traders can give insights of directional trade. Despite World market being sideways, Nifty has managed to rise and march to 16K. Previously when Nifty was at 15840, we had suggested...

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Bharti Airtel This is what was posted on July 04, 2021 when Bharti Airtel was at 525 - momentum might come in once closing is above 560 (on a weekly or monthly closing basis) - the importance of 560 was derived from February 2021 month candle (Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623. That...

indiamarketoutlook Updated 

Nifty Prima facie based on F&O data analysis, not expecting any fire crackers tomorrow. Nifty expiry looks likely to be subdued in the range of 16190-16302. Extended range could be 16160-16330 Take care and plan your trade responsibly Let me go by Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...

indiamarketoutlook Updated 

Tata Steel Observations are mentioned in the chart itself. Any rise towards 1430 / 1451, needs to be watched carefully. ___________________________________________________________________________________________________ Given the set up suggested F&O strategy, One may consider to sell Tata Steel 26 August expiry 2021 1460 Call option around between 35 - 42...

indiamarketoutlook Updated 

Tata Motors Observations - the stock has taken a toll exactly from the Line of Resistance (red line) - currently the stock is trading near the green trendline - 280 levels has acted as support on multiple occasions highlighted by green arrow - 335-340 levels has acted as resistance on multiple occasions highlighted by red arrow mark Suggested trading...

indiamarketoutlook

Tata Motors Observations - in my previous post, we highlighted the 280-285 zone to act as Support and that is precisely from where we see Tata Motors bouncing back. Isn't it? Levels identified in study on 07 July, works to perfection on 28 July 2021 - Going forward 306 / 316 / 322 may act as potential resistance zone - on the lower side if 280-285 zone is...

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Aurobindo Pharma Observations - stock is currently trading in downtrend channel - strong bounce back was seen from lower end of the channel - the line of support at 885 identified in my previous post on June 24, 2021 also provided support - currently trading at midpoint of channel - till the time trading above the blue line, Medium term trend is still up...

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LIC HSG FIN - we observe the zone of 440 - 455 has been very crucial for the stock - it acted as resistance in Jan-Feb-Mar 2021 - then later in May-June-July it provided support That support zone has been broken once again... - Will it act as resistance zone going forward??? - Important level on the downside the green support line around 380 odd levels -...

indiamarketoutlook

Nifty In my previous post, it was mentioned that reduction in Open Interest does not augur well for Nifty's march towards 16K to continue. Profit booking was suggested accordingly without any bias expectations but based on study. Also for momentum play, a better strategy would be to wait for a gap zone to be taken out: either the resistance gap or support...