indiamarketoutlook

indiamarketoutlook

Nifty We have been warning about the fall since the last few Nifty updates If on pull back Nifty finds it difficult to reconquer 63 day EMA then probability of Nifty falling towards 18820 could be higher. Current Scenario and Important levels have been discussed... View gets invalidated if Nifty closing is above 63 day EMA on a weekly closing...

indiamarketoutlook Updated 

Levels are mentioned in the chart Take care and safe trading...!!!

indiamarketoutlook

Important Levels are mentioned in the chart itself. Plan to put money in staggered manner. Target 28 / 32 SL 14 on weekly closing basis Plan your trade accordingly....!!! Take care & safe trading..>!!!! Like and Follow Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong...

indiamarketoutlook

In our previous updates I had mentioned that Brent crude above $90 can be a cause of worry. The current chart set up for Brent crude suggests it can go above $100 The Fundamentals If crude is heading higher, it could add pressure on Indian Imports. At the same time, the recent Quarterly results of our major IT export companies are not encouraging...

indiamarketoutlook

The chart set up suggests support around 85-87 odd levels Minor resistance around 98 and eventual target for the set up could be 104-108 Risk::Reward ratio favors to go Long Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and...

indiamarketoutlook Updated 

Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest...

indiamarketoutlook

Infy Given the chart set up one may consider selling 1500 Call option around 30 and Buy 1530 Call around 18 Max profit potential Rs 4800 on margin of Rs 32000 approx giving a ROI potential of 15%

indiamarketoutlook

Nifty In my last update had mentioned that above 19482 we could see a Short covering rally. From 19482 to 19689... Nifty has seen a good 200 point plus movement. With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart. Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls...

indiamarketoutlook

Last time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war...

indiamarketoutlook

Nifty Nifty recovered 100 points from the lows of the day to close at 19436 (S2 19430) It formed a Doji candle reflecting a fight between Bulls and Bears Below today’s low, may open doors for a further fall of potentially another 100 -120 odd points Short sellers can trail SL to 19482 as sustaining above that, a Short covering rally may come in. FIIs...

indiamarketoutlook

- On the bounce 19560 odd levels acted as resistance - Nifty closed the day below 50 day EMA Let’s see what Data is telling us for 04 Oct 2023… Index Futures Retail traders added 14382 Long Contracts and squared off 4026 Short Contracts FIIs squared off 1327 Long Contracts and added 19261 Short Contracts Pro traders squared off 1061 Long Contracts and squared...

indiamarketoutlook Updated 

Nifty action in the last 3 days... Like a Scream but sort of Silence... It has seen some wild swings up and down but is not showing much strength... closing flat near 19774... Is it the silence before the storm??? Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall? Right before the expiry the battle...

indiamarketoutlook Updated 

In my previous Nifty update had suggested Nifty support around 19625-19571 Nifty made a low of 19601 and recovered to close flat for the day It has formed a Doji candle. SO a pullback cannot be ruled out. Going forward watch out for levels of 19760-19820 on the upside. It may act as resistance. Closing below 19551 may increase probability to test the recent...

indiamarketoutlook

- Nifty channel support comes around 19625-19571 - Nifty channel resistance comes around 19965 (mid channel resistance 19883) - After a gap down opening, Bears attacked and kept the prices lower. - FIIs and Pro traders were Net Sellers in Index Futures and Retail traders were Net Buyers - Nifty Futures closed at 19769 (Nifty Futures September series Average...

indiamarketoutlook

Nifty after managing to float above 20k mark for a few days, has finally broken the support. Will Is the short term top in place or will we see Nifty reclaiming back 20 K ??? F&O data insights Index Futures Retail traders added 8332 Long Contracts and squared off 13492 Short Contracts FIIs squared off 30419 Long Contracts and squared off 5337 Short...

indiamarketoutlook

Nifty CMP 19824 We are at 76.4% retracement level. (19810) Risk Reward Ratio looks favorable to sell. One may consider to sell Target 19680 SL at 19860 These are Nifty Spot levels Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in...

indiamarketoutlook

In our previous day post Support given was 19516 / 19468 Nifty took support around 19516 and recovered to close the day near resistance R1 given 19612 (Closed at 19611) R2 given 19638 (High made 19636.45) Important levels for 07 Sept 2023 are mentioned in the chart Disclaimer -The view expressed here is my personal view - Past performance is not a...

indiamarketoutlook Updated 

We are looking at hourly candlestick chart Thresh hold limits 19240 - 19640 If Nifty sustains beyond these limits for 3 days or closes beyond these levels on a weekly closing basis then we can look for another 400 point movement in the direction of breakout. Till that time Nifty could be range bound Daily important levels are mentioned in the chart. ...