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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...

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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...

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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...

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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...

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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 -...

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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...

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Nifty In my previous post when Nifty was at 15638 we had given a positive trading strategy and that was to Consider to sell 26 Aug expiry 15400 Put option around 150 However at current levels, there is no clarity once again. Why am I saying this? Usually when price increases, Open Interest in Futures should also increase. However, it was observed that the rise...

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Nifty I have covered my short positions in Nifty at 15603 odd levels. One of the reasons for covering up short position PCR yesterday was at 0.81 Important levels on the lower side 15580 / 15525 / 15450 __________________________________________________________________________________________ Given the set up Consider selling 26 August expiry 15400 Put ...

indiamarketoutlook Updated 

Note this is not a recommendation for any trade. But just an analysis of Index F&O trade data for today. Trading in Futures & Options involves real money and is very risky. It is like a 3 way fight between retail traders, FIIs and Proprietary traders. In a war, it is important to understand your opposition's strength and weakness. In many war history, we can...

indiamarketoutlook Updated 

This is not a recommendation. Trading in Futures & Options involves real money and high risk. Hence there is a need to do more study before you randomly take a decision. Just like in a game of Chess, when you plan to make a move, you need to factor in opposition's game strategy. Using the same principle, when trading in Futures & Options, we should be aware...

indiamarketoutlook Updated 

DLF This pattern occurs when two green days appear with equal closes in an uptrend. It might indicate a short term top has been reached. - A new high was made today but there was no follow through buying, which bought it back to previous day's close. - Interestingly this has happened near the high made in March 2021 - It could be a case of a good resistance...

indiamarketoutlook Updated 

HDFC AMC CMP 3099 The stock has taken resistance at previous top Current set up has target of 2930 As a safer bet, Consider selling 3200 Call option

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Nifty Observations - Nifty trading in yellow channel from April 2021 - Since May 31, 2021, Nifty has been sideways (trading mostly in a 300 point range) - the orange line has acted as a road block - the lower side of the yellow channel has provided support on 4 occasions so far - if Nifty comes to lower end now of the yellow channel, it could be it's 5th attempt...