indiamarketoutlook

indiamarketoutlook Updated 

DLF Observations - the stock is currently trading in downward yellow channel - 20 day EMA at 255 - 50 day EMA around 267 -38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270 Given the important levels One may consider a Bear call Spread strategy in DLF It involves selling Call option and buying higher OTM Call option Sell DLF 27 May...

indiamarketoutlook Updated 

Nifty CMP 14801 - Nifty has 20 day and 50 day EMA support around 14620-14650 - Resistance around recent high of 15044 Given the set up One may consider a Short strangle strategy for 06 May expiry Sell Nifty 14600 Put option around 100 15000 Call option around 82 Max profit potential in strategy Rs 13650 (approximately 8% on Margin requirement) Loss in...

indiamarketoutlook

Nifty Earlier we were expecting Nifty to do a sub 14000 level. In that post we had highlighted that Nifty has a chance of bouncing back towards 14655. Well the bounceback has been much more than that and today despite we seeing a big dip in Nifty, it is so far trading well above - 20 day EMA at 14648 & - 50 day EMA at 14622 currently Trading above the EMA...

indiamarketoutlook Updated 

Coal India Closing Price 129 Observation - Stock is trading in a blue channel - currently at lower end of the channel - we observe a Bullish Harami candlestick pattern at lower end of the channel - convergence of 50 day EMA and 200 day EMA around 140 - 136-142 is a crucial band for the stock - important for the stock to give a weekly close above the red dash...

indiamarketoutlook Updated 

Bank Nifty Observations - we observe Bank Nifty trading in down trend channel - Bullish Engulfing candlestick pattern seen in chart Pattern gets invalidated if Bank Nifty closes below 30405 Given the set up, Strategy that may be considered Consider selling Bank Nifty 27 May 2021 expiry 30000 Put option between 700-800 (Last traded Price 753) The strategy...

indiamarketoutlook Updated 

Reliance - We see the stock in a consolidation phase since Sep 2020 - On the lower side the blue line zone has provided support - the green line area is the ultimate support level.... Given the set up, and the the stock being closer to support levels, one may consider selling Reliance 27 May expiry 1800 Put option around 35- 40 odd levels Max profit...

indiamarketoutlook Updated 

Nifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some...

indiamarketoutlook

Infy This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted Observations - Infy trading in the yellow channel from July 2020 - on previous 2 occasions, before the result announcement we observe Infy near the channel top - Infy makes a high on result announcement at the top end of the channel...

indiamarketoutlook Updated 

Infy (CMP 1444) We have INfY result announcement next week on 14 April. Results are expected to be good. Let us look at what the chart is saying... Observations - Infy trading in the yellow channel from July 2020 - on previous 2 occasions, before the result announcement we observe Infy near the channel top - Infy makes a high on result announcement at the top...

indiamarketoutlook

Nifty In my yesterday's post I had highlighted the importance of 14460 acting as crucial resistance zone.... Nifty made a high at 14449.05 so far and reversed to give away all the gains.... Technical Analysis is all about identifying levels before hand. Waiting patiently and executing your plans when you see those levels come where risk::reward ratio is...

indiamarketoutlook Updated 

Nifty Futures Data - Retail participants exited from 197 Index Futures Long Contracts & exited 5.07 Index Futures Short contracts - FIIs exited 2.53 Index Futures Long Contracts and added 14.38 K Index Futures Short Contracts - Proprietary traders added 5.93K Index Futures Long contracts and booked profits in 6.50 K Index Futures Short contracts Call...

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Nifty Derivative data analysis for trade day April 9, 2021 Futures Data - Retail participants added 10.97K Index Futures Long Contracts & exited 434 Index Futures Short contracts - FIIs added 990 Index Futures Long Contracts and added 6.56 K Index Futures Short Contracts - Proprietary traders added 1.47K Index Futures Long contracts and added 5.98K Index...

indiamarketoutlook

Nifty (CMP 14861) Nifty 50 stock Quarterly Result Announcements to start next week... - Since March 15, 2021 Nifty has been trading in the range of 14940-14460 - we see convergence of 20 day EMA and 50 day EMA - currently Nifty at the higher end of the range - target for the current set up - 13800-13600 - time frame: 28 May to 06 June 2021 Pattern gets...

indiamarketoutlook Updated 

Nifty CMP 14774 - We have got the rise we were looking for - on charts we see 2 important resistance levels at 14818 and 14885 levels given the levels we have suggested a trading strategy in chart The trading strategy covers risk for a rise in Nifty price up to 14954-14964 giving us ample scope to adjust / exit in case Nifty movement is not in favor. Take...

indiamarketoutlook Updated 

FIIs Net sold 17441 contracts worth Rs 1802.76 Cr Futures Data - Retail participants exited 406 Index Futures Long Contracts & exited 5.26K Index Futures Short contracts - FIIs exited 6.74 K Index Futures Long Contracts and added 10.69 K Index Futures Short Contracts - Proprietary traders added 2.91 K Index Futures Long contracts and exited 6.47 K Index...

indiamarketoutlook Updated 

Nifty (in case the chart notes are overlapping, feel free to expand the chart as per convenience) - the red line (Laxman Rekha suggested in month of Feb 2021) has again provided support today... - a 3 day sustainable break of yellow turned dashed red line would increase the probability of breaking the Laxman Rekha for further down move Coming to the 50 day...

indiamarketoutlook Updated 

TCS Closing Price 3165 Looking at the charts, TCS is once again near important resistance levels. The red dotted line that you are looking at is not drawn after the stock has taken support but was identified way back on January 29, 2021. Take a look at the chart below... (this is an hourly chart of TCS posted on 29th Jan 2021) As you can see the stock has...

indiamarketoutlook

DLF (CMP 287.50) - the stock is currently trading at 50 day EMA - 20 day EMA is around 294 - trendline resistance around 300 The stock may face stiff resistance in the zone of 294-302 Considering the chart set up one may look at the following strategy Sell DLF 29 April expiry 310 Call option around 7.5 Max profit in strategy Rs 24750/- per lot. More...