indiamarketoutlook

indiamarketoutlook Updated 

UltraCem The stock has given a breakout on charts and potential target for the set up can be 5600 / 6100 in weeks to come Given the set up, alternatively one may consider the following strategy Sell Ultracem 31 Dec expiry 4800 Put option in the range of 50-60 Lot size 200 Max profit potential Rs 10000/- to 12000/- Take care & safe trading!!!

indiamarketoutlook Updated 

ICICI Securities Closing Price 448.10 Observations - the stock was amongst the first to surpass the pre Covid highs in July - however since then it has been in downward slope - the yellow zone is an important support zone - it also coincides well with 38.3% Fibonacci support levels - the stock may be in consolidation mode as for now Given the set up a...

indiamarketoutlook Updated 

HAL Closing Price 842 Observations - Multiple support levels between 747-823 - the set up has the potential to scale up to 1020-1064 - any dips towards 780 could be tempting to enter fresh Long position Take care & safe trading...!!!

indiamarketoutlook

BPCL CMP 380.50 - since June 2020, we observe, BPCL consolidating in channel and then giving a spike up or down - channel zone is nearing breakout time zone - momentum might be seen above 389 - multiple support between 355-368 - at CMP & on dips the stock provides good risk::reward ratio to go Long for targets of 408 / 440 / 473 - Stop loss if trades below...

indiamarketoutlook Updated 

Nifty Strategy update for 31 Dec 2020 expiry Based on Data analysis and risk management, we suggested selling 13650 Put option between 36 -42. It gave ample opportunity to sell in the said zone and closed the day at 13.40. The strategy is active and is in Profit. Going forward important levels till December 31, 2020 expiry Important support levels : 13882...

indiamarketoutlook Updated 

Nifty 13749 2 trading sessions earlier, we had highlighted the possibility of Nifty re-testing at least previous highs Although we did not take any fresh position in Nifty on weekly expiry day, we held on to our positions taken earlier. Currently - We observe Nifty moving in boxes - Will we see a Year end rally now? No it is not that since we are now just...

indiamarketoutlook Updated 

Nifty - Yesterday, on the Technical Analysis front, we highlighted Bullish Harami Candlestick pattern suggesting up movement - F&O Data analysis confirming stronger hands on buy side (FIIs buying Index Futures & Proprietary traders selling Put Options) - After opening & trading in red, Nifty immediately jumped in to positive territory and managed to close 135...

indiamarketoutlook Updated 

Tata Motors Closing price 172 The stock has seen a stupendous rally from lows of 60 odd levels This is our view mentioned earlier Were we lucky to catch the bottom around 70 odd levels...??? We did book profits around 115 and again re - entered at sub 100 levels... My firm belief is, in stock market, with analysis and knowledge, you tend to feel lucky...

indiamarketoutlook Updated 

Nifty CMP 13438 - On charts we observe a Bullish Harami candlestick pattern - On previous 2 occasion Nifty pulled back to at least previous highs - Will we be 3rd time lucky??? - Pattern gets invalidated if Nifty closes below 13131 Data analysis reveal Retail participants were mostly Put buyers yesterday... Market seldom obliges herd mentality of Retail traders....

indiamarketoutlook

ONGC Closing Price 90.55 - The stock chart pattern was identified at levels of 67 and we have seen a stupendous rally - the current correction has brought it back to 38.3% Fibonacci retracement levels which if held can push the stock back to 100+ levels - a close below 87 levels may take the stock to 80 odd levels - since December 14th, Open Interest in...

indiamarketoutlook Updated 

The red zone line drawn in our December 15, 2020 analysis report provided perfect. Is it a one off fall or Would Nifty fall further Let us look at what F&O trade data has in store for us FIIs Net sold 3133 contracts worth Rs 264.93 Cr Futures Data - Retail participants squared off 20.76 K Long Contracts & squared off 5.62 K Short contracts - FIIs squared off...

indiamarketoutlook Updated 

LIC HSG FIN Last time when the stock was at 380, we had suggested the stock is potentially running into a series of resistance and hence suggested a 410 Call Short strategy at 5 That has worked well so far giving us a profit of Rs 7200/- per lot so far At current levels, we see the stock is trading near trendline support. 331 is very important for LIC HSG...

indiamarketoutlook Updated 

LIC HSG FIN CMP 379 Charts indicate the stock is running in to series of resistance levels 382 / 390 / 400 / 408 / 412 Given the set up one may consider to sell LIC HSG FIN 31 Dec 2020 expiry 410 Call option around 5 Max profit potential in the strategy Rs 10000 per lot Yield potential in strategy is of 4.5% on Margin up to 31 Dec Risk coverage for a...

indiamarketoutlook

Nifty The current drop might have surprised you but have a look at this data below and see for yourself how each participants had positioned themselves on Friday and decide for yourself if you had access to this valuable information before trade could you have done better...? This data analysis will tell you how various participants Retail, FIIs and Proprietary...

indiamarketoutlook

Nifty The current drop might have surprised you but have a look at this data below and see for yourself how each participants had positioned themselves on Friday and decide for yourself if you had access to this valuable information before trade could you have done better...? This data analysis will tell you how various participants Retail, FIIs and Proprietary...

indiamarketoutlook

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 - and exactly from those levels 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 hold...

indiamarketoutlook Updated 

Nifty CMP 13718 Levels mentioned in the chart - This is just an estimated range based on initial F&O data reading - Do understand that Markets are dynamic and it may change any time - Use this for educational purpose only Assess your risk::reward and Plan your trade accordingly. Consult your financial advisor if need be. Do Hit the Like button if you find...

indiamarketoutlook

LIC HSG FIN CMP 379 This is what we had said on 18th August When price was at 266, Technical Analysis helped us envision that LIC HSG FIN can scale up to levels of 351-368 This is what Technical Analysis can do for you.... help you identify your Entry and Exit levels, understand your risk and reward potential, and most importantly keep a Plan of Action...