indiamarketoutlook

indiamarketoutlook Updated 

Nifty - As suggested in previous Nifty analysis, Nifty needs to sustain above 50 day EMA. Currently Nifty is trading at 50 day EMA - Given the set up, One may consider selling Nifty 25 March expiry 14400 Put option currently around 65 - The risk at current levels is very less - The strategy provides risk cover for a fall up to 14335, giving ample time and...

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ICICI Pru Life Closing Price 472.35 Observation - Prima facie the stock looks likely to have made a triple top around 537 - the stock is trading below it's 20 Day EMA and 50 day EMA On any rise the zone of 480 -488 may be crucial for the stock. Any rejection in this zone can signal signs of weakness and if 469-463 zone is taken out it may potentially fall up to...

indiamarketoutlook Updated 

Nifty CMP 14461 Writing after a long time... - Looking at the charts In my previous Nifty updates I had drawn a Laxman Rekha line in the month of February and that is where Nifty reversed in Feb month end Now Nifty is back at those levels and Nifty has made a low of 14350 so far today.... What it has done so far is filled up a gap that was formed previously...

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TCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on...

indiamarketoutlook

Nifty Important levels on the upside : 14842 / 14871 / 14903 / 14935 Important levels on the downside: 14753 / 14724 / 14649 / 14574 Take care & safe trading...!!!

indiamarketoutlook Updated 

Tata Motors CMP 270 The stock has seen a stupendous rally.... we observe two gaps in the region around 280...once while going up and the 2nd while coming down.... Going forward, 282-288 zone could be a crucial resistance level to watch out for... Given the set up one may Consider selling Feb expiry 310 Call option around 10 & buy 330 Call Option around...

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DLF CMP 262.5 269 -272 looks crucial resistance zone Given the set up one may consider selling DLF 25 Feb 2021 expiry 300 Call option around 6-8 (CMP 6.2) Max profit potential in strategy Rs19800 - Rs 2400/- per lot as long as it closes below 300 on 25 Feb 2021 Loss protection in strategy for a rise up to 306 - 308 As a risk management measure we would...

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Nifty CMP 13855 Howz the Budget gonna be...??? Whether it would be good or bad... The answer is I don't know... Looking at charts Important levels on the lower side 13660 levels / 13220 levels Important levels on the upside 14120-14220 zone / 14357 levels Based on the above levels Strategy I'm following... Selling 14300 Call Option around 69 Selling 13200...

indiamarketoutlook Updated 

Nifty -the blue channel is a replica of red downward channel Today looks like another gap down today - Nifty could open closer to the yellow zone. Would it take support??? - yesterday it did not take any kind of support at the green zone.... The selling was relentless and the data reveals that FIIs who were wrongfooted the day before (when they had been Index...

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Nifty Closing Price 14238 - Nifty has seen a drop of 500 odd points from the top of 14753 - in the last 2 trading sessions, Nifty has traded the channel well... What next? Till the time green zone is held on to, Nifty has a possibility to bounce back... Important levels on the downside: 14213 / 14193 / 14148 / 14105 Important levels on the upside :...

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Reliance 1937 - We see the stock in consolidation mode since November 2020 - 2015-2045 is crucial zone for Reliance on the upper side - support near Blue line support zone (Currently near 1860) and 1800 odd levels Given the set up one may consider the following strategy Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35) & Sell...

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Wipro CMP 449 The chart is self explanatory Given the set up one may consider Selling Wirpo 480 Call option around 6-9 (CMP 6.55) Lot size 3200 Max profit potential in strategy Rs 20960/- per lot (as per CMP) The strategy provides Inbuilt loss protection for a rise up to 486.55 till expiry ( as per CMP) Take care & safe trading...!!! Disclaimer: -...

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Aurobindo Pharma Closing Price 996 This is what we had written about this stock on January 05, 2021 We have explained our view and strategy well above... So do read it to understand the importance of Planning your trade... When Aurobindo was at 965 odd levels we suggested need to survive above the red line for another week or 2.... 2 weeks down the...

indiamarketoutlook Updated 

Nifty Closing Price 14199 Observations - we see a co-relation in the 2 trending Zone between May 20 to July 20 and current trending zone from which started in late October - Now if the pattern is to continue we might be in for a range bound market till March 2021... Given the chart set up one may consider the following strategy for February series Consider to...

indiamarketoutlook Updated 

Nifty - most of the lines and channel are in continuation from our previous analysis - we see a new Dark Maroon line which has been broken on the 5th attempt - Going forward, that line may have the potential to act as Line of Resistance for any pullback rally - the zone of 14445-14498 is very important If Nifty does get resisted, there could be Swing...

indiamarketoutlook Updated 

Nifty CMP 14605 Yesterday we had suggested a short when Nifty was at 14617 odd levels. Going forward, Stop loss for the Short trade can be revised from the upper green trend line to 14686 Target 14433 Take care &safe trading...!!!

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Nifty CMP 14616 Last time we had suggested a bounce back towards the upper end of the channel - Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern) At current levels it provides good Risk::Reward ratio to go short....

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Nifty Closing Price 14281 A few days back when Nifty was at 14528, this is the analysis we had done for Nifty... Nifty has given a 300 point drop from those levels... Looking at F&O data Retail participants have continued to be Net Call Buyers and Net Put sellers in Options FIIs are continuing to book profits in their Index Long positions but no aggressive...