indiamarketoutlook

indiamarketoutlook Updated 

Index Futures Retail traders squared off 659 Long contracts and squared off 809 Short Contracts FIIs squared off 1990 Long contracts and squared off 4384 Short Contracts Pro traders squared off 4789 Long contracts and squared off 925 Short contracts Index Call Option Retail traders added 10.29 Lakh Call Long contracts and added 8.61 Lakh Call Short...

indiamarketoutlook

19480-19460 played a vital role in Aug series and so did 19385 in the last 2 trading days. Directional trade can be taken once Nifty decisively breaks 21 day EMA or 50 day EMA. A few days back when Nifty closed below 50 day EMA, it bounced back immediately. Now again Nifty has broken the 50 day EMA on Expiry day. Is this a knee jerk reaction or is the...

indiamarketoutlook Updated 

For most part of the August month, Nifty has been trading between 21 day EMA and 50 day EMA - the monthly average for Nifty Futures is around 19490 Nifty likely to open gap up. However one needs to watch out for 19389-19424 zone If after gap up, Nifty sees rejection in this zone and falls below 19385, then pullback rally may be considered to be over and we...

indiamarketoutlook Updated 

Everything is mentioned in chart For a medium to longer term horizon

indiamarketoutlook Updated 

Nifty We are looking at daily charts of Nifty - Since July 20, Nifty is trading in a falling channel - Currently Index is seen struggling to re-claim 21 day EMA zone - Nifty Closed below 50 day EMA after 31 March 2023 There could be a pullback attempt from here but if Nifty closing by Wednesday is below 50 day EMA, then we might see some further...

indiamarketoutlook

Range was shared earlier.

indiamarketoutlook Updated 

Based on Data analysis Likely weekly expiry range Upper range 19518 / 19539 Lower range 19403 / 19366 Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to...

indiamarketoutlook Updated 

Deepak Fertilizers One may look to accumulate the stock at cmp and on dips towards 485 from Medium to Long term perspective. Momentum may come once it crosses above 580 odd levels. Take care & safe trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the...

indiamarketoutlook

Every thing mentioned in the chart Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat...

indiamarketoutlook

255 to 268 is the support zone Trend view: Above the green Trend line stock is in positive territory Currently possibly a Correction phase in up trend. Trading Plan Consider buying at cmp and or on dips towards 258-245 SL: Exit if stock closes below the green trend line on weekly charts Take care & safe trading...!!! Disclaimer -The view expressed here...

indiamarketoutlook

Smaller range for Nifty 19836 / 19905 on the upper side and 19564-19532 on the lower side could be the limits. If the smaller range is broken immediate targets would be the broader levels Broader range for Nifty for August series 20000-20200 on the upper side and 19300 on the lower side Important levels which may act as Support and resistance for the day...

indiamarketoutlook

ONGC The stock is looking poised to make an Inverted Head & Shoulders pattern. Important levels to watch out for 188-194...sustaining above that level would strongly increase the chance of stock exploding on the up side... Take care & safe trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future...

indiamarketoutlook

Laurus Lab On weekly charts, if stock manages to close and sustain above 375-380 odd levels then odd of Laurus Labs moving up to 458-466 levels could get stronger. Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be...

indiamarketoutlook

Nifty is trading in red channel zone. Follow the red channel (Risk Reward ratio to sell on rise towards the upper side of red channel has less risk and more reward potential) As per charts 19234-19202 is important level on the downside Follow risk management measures Take care and safe trading...!!!

indiamarketoutlook

- Yesterday we had warned that if on Pullbacks Nifty is unable to recapture 18315 odd levels then odds of falling towards 18146 / 18112 would be very high and Nifty could be starring at sub 18000 by month end... - Nifty opened at 18287 (Resistance 2 given 18286) and immediately started giving up - Nifty took resistance exactly at the red line and fell from...

indiamarketoutlook

A few days ago this is what we had posted... Weekly closing above 18060 and Nifty would make a move towards 18400 Nifty closed that week at 18069 and the rest you can go in the chart above and hit the play button and see for yourself how Nifty moved. What next ...??? Overall Put Call Ratio 0.82. Market might look to bounce back from Oversold conditions Open...

indiamarketoutlook Updated 

Every thing is mentioned in the chart. 17960-18060 is an important zone to watch out for A close above 18060 could take Nifty towards 18400 odd levels A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels. Take care & safe trading..!!!

indiamarketoutlook

Markets participants are keeping their cards open. All Market participants are kind of net neutral position before the event. We might still be kind of range bound as participants are playing a wait and watch kind of game... Not worth playing for a range bound market....At the same time, Currently we are near 76.4% retracement level so not comfortable going...