indiamarketoutlook

indiamarketoutlook Updated 

In the previous post we had highlighted that FIIs were not playing for the down move and on the downside the zone of 8816-8835 will be very important . Well, Nifty made a low of 8821.90 and recovered from there to close in the green. That’s the power of data and chart analysis for you. So let’s see what we have got today. FIIs were again Net buyers today....

indiamarketoutlook

Wipro Cmp 187.85 Chart is self explanatory. Alternatively one may consider the following strategy Sell Wipro 30 April expiry Put option Strike Price : 180 Price range : 6-7.5 Lot size : 3200 Target : 1.6 / 0 Stop loss : if Wipro closes below 178 in cash market Safe trading...!!!

indiamarketoutlook Updated 

In our previous post we had highlighted the importance of 8986-9027 level. That level is still being respected. Nifty has closed in the said range at 8993. Let’s see what data has to say for the expiry week 16th April 2020. FIIs sold 8.46K contracts worth 474.69 Cr. FIIs booked profits and squared off 7489 Long Contracts and they added just 979 Short...

indiamarketoutlook Updated 

So, as was suggested Nifty did face resistance at 9185-9233. It opened at 9196 made a high of 9261 and came down to close 68 points in the negative at 8925. Now Will we see the lower end of the range as suggested in previous post...? Link to previous post Let’s see what we have got in our hands today… FIIs were net buyers in Futures. 19.2K contracts ...

indiamarketoutlook Updated 

Canara Bank - Canara Bank trading at lower end of the channel - Level of 85.50 - 86 needs to protected for further upside movement continuation - holding the same the stock may again attempt for 93 / 95.50 / 102 / 107 - Stop loss if Canara Bank closes below 83.50 on a hourly candle basis Alternatively one may consider the following F&O strategy for Canara...

indiamarketoutlook

L&T CMP 909 This is what was recommended on 7th April We cannot time the market, but when time comes, we can surely make the most of it. The stock has given a nice 14% jump in a week's time. Hope u guys enjoyed the journey. Do note Profit booking has been recommended at current levels.... Do follow for more trading ideas... Happy trading... !!! :-)

indiamarketoutlook Updated 

DLF CMP 148.50 The zone of 168-177 may not be easy to cross and it may act as a resistance zone. Given the view one may Consider the following strategy Consider Selling DLF 30 April 2020 expiry Call option Strike Price: 160 CMP: 10.50 Lot size: 3300 The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin...

indiamarketoutlook Updated 

NMDC Levels are mentioned in the chart. Alternatively one may consider the following F&O strategy Consider selling NMDC 30 April expiry Put option Strike Price: 80 Lot size: 6000 Recommended selling range: 4.5 - 5 (Closing price 5.2) Time frame: 30th April 2020 Max profit potential Rs 27000 - Rs 30000 till 30th April 2020 The strategy has inbuilt loss...

indiamarketoutlook

SBIN If on dips SBIN is able to hold on to triangle support levels then one may consider to buy for targets mentioned as in the chart itself... Exit from position if it stays below the triangle for 3 candles on a 15 min chart then look to sell. targets & SL for downside are also mentioned

indiamarketoutlook Updated 

In our previous post we had given support levels of 8744 and 8688. Do notice, Nifty opened at 8688 close to 8680 level and managed to close the day at 8748 just a tad above 8744 support levels. In between we saw a roller coaster kind of a ride… From 140 points down in early trade to a rally of 478 points from the lows and then again a 430 point drop from the...

indiamarketoutlook Updated 

Nifty Any dips towards 8550 can be considered as a good entry point with a SL at 8450 odd levels on closing basis. Target 9120 / 9332 / 9480 / 9550 Take care & safe trading...!!!

indiamarketoutlook Updated 

ICICI Bank CMP 332 Consider a Short strangle strategy in ICIC Bank Consider selling ICICI Bank 30 April 2020 expiry 380 Call option Lot size 1375 CMP 24 & also sell 280 Put Option CMP 23 Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020) In built loss protection in...

indiamarketoutlook Updated 

L&T Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels. Levels are mentioned in the chart. Alternatively for a short term trading idea one may also consider the following strategy for L&T Consider selling L&T 30 April 2020 Put Option Lot size :375 Strike Price: 740 Sell...

indiamarketoutlook Updated 

Tata Motors CMP 70.10 At CMP and on any dips looks good from long term perspective Short and medium term targets are mentioned in the chart... Take care & safe trading...!!!

indiamarketoutlook Updated 

BPCL CMP 272 The stock needs to protect 262 -252 zone on closing basis for target of 306 / 332 Alternatively if the stock is unable to hold above 262 it may be a signal of further weakness and potential target on the down side comes around 236 / 206 / 196 Important levels have been identified Plan your trade accordingly...!!!

indiamarketoutlook Updated 

Nifty CMP 7765 Nifty has been very volatile and it has been swinging 500 points just like that.... What use to take months now is happening in a couple of hours... So what can one do in such situation Option 1 is stay away from market Option 2 Trade with more focus on risk management. For the current market conditions One may consider the following...

indiamarketoutlook Updated 

Nifty Closing price 8468 Chart explains our view... Important Resistance 9300 / 9680 / 10240 odd levels Support levels for Nifty 7922 / 6850 / 5820 The view is for the next year and a half... - Don't think so it is time to do bottom fishing... - This doesn't look like a market which is going to start a bull market soon - any rise especially towards ...

indiamarketoutlook Updated 

Nifty CMP 9955 Couldn't think of any better song to describe how the media is portraying the current Market carnage "You you're my mask You're my cover, my shelter You you're my mask You're the one who's blamed... ...Sad but true" I strongly feel Corona is just an excuse... the real reason is something else... Don't believe me... Well, we all agree the world...