indiamarketoutlook

indiamarketoutlook Updated 

ONGC Closing Price 85.75 - Any dips towards 83.5 - 81.50, the stock looks good from a medium term perspective. - Momentum might be seen once is pushes past the yellow trend line - Target for the set up - 103 / 115 / 133 ________________________________________________________________ Alternatively one may consider selling ONGC 30 July 2020 expiry 80 Put...

indiamarketoutlook Updated 

JSW Steel CMP 187 - trading near Channel support - if broken then next support at 178-175 zone & major support 168-166 zone - resistance at 196 / 202 / 208 Given the set up one may consider selling 170 Put option between 5-5.5 ( CMP at 5.20) Lot size 2700 Max profit potential Rs 13500 - Rs 14850/- Yield potential 10% - 11% on capital Loss if JSW steel...

indiamarketoutlook Updated 

Reliance CMP 1776 Given the set up consider selling Reliance 1840 Call Option between 40-45 ( CMP 43.60) Lot size 505 Max profit potential Rs 22018/- per lot Yield potential of 9% till 30 July 2020 In built loss protection for a rise in price up to 1883 till 30 July 2020 Take care & safe trading...!!! Discliamer: - The view expressed here is my...

indiamarketoutlook Updated 

Nifty Closing Price 10607 - important support at 10513 - 10485 - important level on the upside 10658 - 10686 With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line. Given the setup, on any dips in Nifty, consider selling Nifty 09 July expiry 10450 Put option...

indiamarketoutlook

Glenmark Closing Price 432.7 - the stock has seen a meteoric rise from 161 in Mar 2020 to 550 in Jun - the stock has also seen a sharp drop of 120 points from the highs - at current levels there are multiple support possibilities - 20 day EMA currently at 429 - 38.2% retracement at 415 - incidentally the green zone has acted as important level exactly 1...

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DLF CMP 152.85 - Resistance around 155-157 - Support around 144 / 142 Given the set up one may consider selling DLF 160 Call option around 7 Lot size 3300 Max profit potential Rs 23100/- per lot Yield potential 13% approximately In built loss protection for a rise in price up to 167 on 30 July Take care & safe trading...!!! Discliamer: - The view...

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Nifty CMP 10385 Nifty has opened at important levels for the day Consider selling 02 July 2020 expiry 10500 Call option around 45 CMP 43 Loss in strategy if Nifty closes above 10545 on 02 July 2020 Take care & safe trading...!!!

indiamarketoutlook Updated 

LIC HSG FIN CMP 272.50 - The stock is at minor resistance - 278-286 is ma major resistance - Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line Given the setup, one may consider the following trading strategy Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around...

indiamarketoutlook Updated 

Bank Nifty Closing Price 20359 - Bank Nifty is trading at the lower end of the range - in line with my Nifty view which we suggested a range bound activity - Bank Nifty would also likely reflect a possible range bound activity - Weakness would intensify only once it closes below the Black line - Sustaining above 22500 for 3 consecutive days would open up...

indiamarketoutlook Updated 

RBL Bank Closing Price 190.65 - On daily charts the stock looks over-bought - 158-168 may act as support levels - resistance at 208-212 levels and above that 230 Given the chart setup one may consider buying on dips ________________________________________________________________ Alternatively, one may consider a Short strangle strategy for the stock...

indiamarketoutlook Updated 

Nifty On 9th June, when Nifty was at 10255, we had suggested a Short Strangle strategy for 25 June expiry Nifty has seen wild swings but our strategy without much fuss has given us the desired results (183 points profit) Yesterday in my Nifty 24 June trade analysis comment section I had given 10168-10180 as important support level So here's the...

indiamarketoutlook

Nifty Closing Price 10305 In morning it was recommended to Short Nifty when it was a 10534 levels. Now if you have been following me and seen my earlier posts, this is nothing new.... For those who are new, here is a recap for you all On 12th June when Nifty was falling and was trading at 9698 we recommended a reversal is on the cards and we positioned...

indiamarketoutlook

Bajaj Finance was recommended as a short candidate in morning The pattern we observed in morning 5 minute candlestick chart is called Bearish Dark Cloud Cover . ... If you translate that in Hindi, "Kaale Baadal Chha Gaye hai" ;-) The dialogue says it all, what to expect next, isn't it.?? The dialogue is used to depict not so good things to...

indiamarketoutlook Updated 

Bajaj Finance CMP 3093 Given the setup Consider selling Bajaj Finance 30 July 3600 Call option CMP around 115 Lot size 250 Max profit potential of Rs 28750/- per lot Yield potential of 13.6% approximately on capital Loss protection for a rise in price upto 3715 till 30 July Take care & safe trading...!!! Discliamer: - The view expressed here is my...

indiamarketoutlook Updated 

ICICI Pru Life CMP 421.20 We recently had recommended a long positional strategy for the stock with a price target of 416 and it has achieved that. Now we are looking at a longer time horizon and bigger picture - the red zone has played a crucial role in the past Given the chart set up one may consider selling either once the orange line is taken out or on...

indiamarketoutlook Updated 

Nifty CMP 9798 - the green zone has once again provided support to Nifty - till the time Nifty holds 9520 the door remains open for moving towards 10551 / may be even 11100 in weeks to come...

indiamarketoutlook Updated 

Nifty CMP 10434 - Resistance at 10551 Given the view Consider selling Nifty 30 July expiry 10700 Call option between 215-260 (CMP 218) Max profit potential Rs 16125/- to 19500/- per lot. Yield potential 10% - 12% In built loss protection for a rise up to 10915 - 10960 till 30 July expiry Take care & safe trading...!!! Discliamer: - The view expressed...

indiamarketoutlook

HPCL Idea published on 19th June Trade Analysis The trade was purely based on historical price points... important support & resistance levels - the green & small blue line told us the importance of 210-214 levels - targets of 228 / 236 were kept looking at longer time frame horizon The upper resistance is around 243 highlighted by the red line....