indiamarketoutlook

indiamarketoutlook Updated 

Nifty Closing Price 9580 Nifty is well placed to attempt 10135 / 10336. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- One may consider selling Nifty 25 June expiry 9300 Call option in the range of 200 - 250 Max profit...

indiamarketoutlook

Dow Jones CMP 25125 Dow Jones is at crucial levels. - 25220-25530 may be a tough zone - headed in to Series of resistance - any further rise may shift balance in favor of Shorts Take care & safe trading...!!!

indiamarketoutlook

Hindalco Closing price 124.40 - Any dips especially towards 121-119 provides good risk:reward ratio to go long for target of 133 / 136 / 140.50 SL 117 ---------------------------------------------------------------------------------------------------------------------------------------------- Alternatively, consider selling Hindalco 25 June 2020 expiry 115...

indiamarketoutlook

Greetings...! This is the 3rd installment of Trader, Cricketer & You series. Hope you are able to connect with the analogy. The link for previous 2 is given in "related ideas" below. And after reading, if you find it interesting, do share it. Starting with cricket in general, to different formats in cricket, in this 3rd part of the series, we are getting more...

indiamarketoutlook Updated 

LICHSG FIN CMP 254.4 Consider selling 28 May 2020 Call option around 4.6 Safe trading...!!!

indiamarketoutlook Updated 

Nifty Closing price 9066 Observation - Nifty is trading in downtrend channel - Important levels on the upside are 9105 / 9136 / 9158 - Important levels on the lower side 9044 / 9023 / 8996 / 8941 From positional point of view there is a possibility of Nifty heading towards 9266 / 9320 levels by month end. Given the view, we would be considering to sell 28...

indiamarketoutlook Updated 

Nifty Closing price 8879 - we observe bullish harami candlestick pattern - Hence shorting this structure might not be a good idea. - It might be buying on dips or no trade - ideally 8806 should not be breached but given the current volatility, will be keeping some flexibility for levels of 8758-8766 levels. We might consider selling Put options as our...

indiamarketoutlook Updated 

TCS CMP 1945.60 SGX Nifty is showing a bumper opening. This may not be an easy one. Will require some patience to initiate a trade. Scenario 1 After initial opening, observe if price gets rejected at 1985 / 2005 level. If we see rejection only then look to sell for target of 1930 / 1921 Scenario 2 If TCS trades above those levels then next level to sell...

indiamarketoutlook Updated 

Nifty closed the day 313 points lower. Let us analyse the data for the day. FIIs sold 16996 contracts in Index Futures worth 803.13 Cr Futures data Retail participants added 9.08K Long contracts & squared off 3.87K short contracts FIIs squared off 1.05K Long contracts & added 15.94K Short contracts Pro traders added 8.08K Long contracts & added 3K Short...

indiamarketoutlook

Everything mentioned in the chart Do take proper risk management measures.

indiamarketoutlook

LIC Hsg Fin On 9th May, when the stock was at 262, had given a sell around 270 for target of 228. It gave good entry opportunity to sell at those levels... Those who took the trade were rewarded handsomely today. It is not by chance or by luck. But it is the efforts behind the scenes that makes the difference. Start listening to charts & chances are you...

indiamarketoutlook

Carrying it forward from where we left in the 1st part... In case you haven't read the 1st part, you can read it here in the link below A batsman’s (trader’s) approach to his batting (trading plan) depends on Whether he is playing: - Test match (Long term investment) - One day International ( Medium term) - T20 match ( Short term / Leverage trade) - Or...

indiamarketoutlook

Let me ask you one simple question. Is trading all about buying and selling... greed and fear... profit and loss? Or can we take some inspiration from other aspects of life too...? In one of my earlier post we looked at Art of War & applied the principles of war to trading. Today, I’m going to try & connect cricket with trading. Let's see if it can make a...

indiamarketoutlook Updated 

Nifty CMP 9154 Weekly closing below 20 day EMA weakens the structure. Any move towards 9220-9240 next week should be watched carefully. Alternatively one may consider selling Nifty 21 May expiry 9400 Call option around 75-85 ( Cmp 78) Take care & safe trading!!!

indiamarketoutlook Updated 

Marrico CMP 290 Observation - 285-268 is crucial zone - if the zone is held, a possible Head & Shoulder in the making with confirmation of pattern above 315 neckline that may occur in mid-May Based on the view one may consider Strategy 1 Safe Buy above 315 for target of 333 / 340 / 345 Strategy 2 Aggressive traders may consider Buying on dips in the...

indiamarketoutlook Updated 

Nifty Closing price 9383 This is our Nifty 14-May-2020 expiry strategy view Data analysis FIIs net bought 1626 Contracts amounting -48.87 Cr Futures Data FIIS squared off 11.47 K Long contracts & also exited 13.09 K Contracts from Short positions. In doing so, their over all Open Interest in Index futures has come down to just 78K contracts (40.1K...

indiamarketoutlook Updated 

DLF Cmp 126 Observation - we are looking at weekly chart - stock is trading below crucial line - a line which provided support since 2017 has been broken - current consolidation phase around blue line similar to 2017 pattern - Strong possibility of zone which acted as Support line may now start acting as Line of Resistance On any rise one may consider to...

indiamarketoutlook Updated 

Nifty 9086 - Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement One may consider selling Nifty 15 May expiry 8900 Put option cmp 47 Target 0 Be alert if Nifty goes below 8980 Strategy has in built loss protection for a fall up to 8854 Take care & safe trading...!!!