indiamarketoutlook

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Nifty Will Nifty take support at previous top levels. Pattern gets invalidates if Nifty closes below gap support zone of 15580 on a weekly closing basis. Trading strategy for the given set up One may consider selling Nifty 29 July expiry 15600 Put option around 200-220 Lot size: 50 (Yes, you have read it correctly... Nifty lot size is changing from next...

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Nifty On June 08, we had highlighted support level of 15633 and the Gap support zone of 15611-15580 Today again we see Technical Analysis showing it's usefulness in making trading decisions at pre identified levels. We cannot time the market but when time comes one can surely make the most of it. The underlying message: do your Analysis and be ready with...

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MGL - The stock has short term support at 1180 / 1120 levels - 1260 is a major hurdle if MGL manages to close above 1260 on a weekly closing basis, it might signal a breakout and the stock may head towards 1480 / 1720 Pls note, I do have a bias in this stock (this is my earlier post) The stock has moved exactly as forecasted in the idea above. Hence you...

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Adani Power Closing Price 154.10 Back on December 20, 2021, when Adani Power was trading at 47, this is what I had posted . You can read more in the link below. Between 38-47 the risk was very minimum. I have my theory that breakouts on the 5th attempt is not an ordinary breakout. I have done that marking in the previous post chart. This was going to be a...

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Adani Power CMP 47.35 - We observe a sudden surge in the stock from 34 odd levels to 64 - the red zone has acted as a major resistance zone since 2013 - it again acted as resistance and the stock has tumbled to 47 - this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels - & if the stock is able to...

indiamarketoutlook

Nifty Likely lower end of the range 15659 Likely Upper end of the range 15768 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 /...

indiamarketoutlook Updated 

Nifty Yesterday we had given a short in Nifty for target of 15680 It didn't work yesterday but today we see Nifty making an exact low of 15680 Nifty has support at 15680 / 15633 Given the set up one may consider Selling Nifty 24 June expiry 15600 Put option & simultaneously Buy 15300 Put option Strategy has a yield potential of 12.3% till June 24...

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IOB CMP 16.15 - We observe a break out in the stock chart - chart suggest, stock price currently in consolidation mode - the zone of 13.25-16 is very important for IOB - if held on to the doors open up for further upside in medium to long term Target for the current set up 24.20 / 32-35 zone Pattern gets invalidated if IOB weekly close is below 12.15 Buy on...

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ONGC On June 2nd 2021, When price was at 116.80, this is the chart that was posted Pattern observed was a Cup & Handle Chart pattern and the target given was 128 / 136 Come June 09, 2021, Charts help us garner a 10% gain without much pain... 😀 If you do your homework well, rewards will be there... Happy learning and happy trading...!!! Follow for more such ideas

indiamarketoutlook

Nifty View mentioned in chart 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 trading style, goals and...

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HUL CMP 2336 - we observe the stock has been consolidating for over a near now - support at 2306 / 2264 / 2180 - potential Cup & Handle in the making - confirmation on sustaining above 2464 Target for the given set up 2800 / 3100 At current levels Risk::Reward ratio looks good to go Long. Take care & safe trading...!!! Disclaimer - The view expressed...

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IOB CMP 20.45 Back on April 20th, when the stock was around 16, this is what was posted... The chart suggested a larger gain potential in IOB. The stock took some time to take off. One needs to have patience, trust the studies and the chart. The results is in front of you. 30% gain in less than 2 months. We can not time the market... but when time comes...

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Many people have asked me this question What is better... Fundamental Analysis or Technical Analysis? Have you at any point of time pondered on this...? From the chart itself you might have understood my view point I think of Fundamentals being the Heart of anything.... - It tell us what the economic growth is ( that can be Compared with other economies) -...

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ICICI BANK Chart view and strategy suggested in chart 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 

ONGC Sustaining above 119 opens up door for the stock for targets of 128 / 136 Trading strategy If you are a short term trader Consider buying after break out confirmation If you are medium term investor types and can have patience consider buying on dips. You can refer my earlier views on ONGC that are listed below Take care & safe trading...!!! ...

indiamarketoutlook Updated 

MGL CMP 1070 - sustaining above 1080, doors would open up for a move towards 1208 / 1396 pattern gets invalidated if weekly close is below 1033 Take care & safe trading...!!!

indiamarketoutlook Updated 

View and strategy given in chart 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 trading style, goals...

indiamarketoutlook Updated 

Nifty CMP 14578 Last time when Nifty was at 14800 we felt that Nifty may not go below 50 day EMA and felt it could be a buy on dips market. - however currently Nifty is trading below 20 day & 50 day EMA - RBI special announcement event with regards to Banking support done We were cautious and went for a conservative strategy of selling Nifty 06 May expiry...