indiamarketoutlook

indiamarketoutlook

Hindalco CMP 210 The stock has made a high of 212.40 so far Levels mentioned in the chart Alternatively one may consider selling Hindalco Jan expiry 215 Call Option around 6.5 Lot size 3500 Max profit potential in the strategy Rs 22750 The strategy has an inbuilt loss protection for rise in stock up to 221.50 on expiry day Take care & safe trading...!!!

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Nifty CMP 10690 So the big question is where is Nifty heading in 2019. The reality is we do not know the answer how it will actually pan out. But if we are to look at charts what it is trying to tell us. Here are some important points - Nifty has been flirting with 200 day EMA for quite some time now - On previous 2 occasions we observe that once the...

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HDFC CMP 1960.4 One may consider to sell the stock between 1957-1964 for target of 1935 / 1906 SL if closing above 1973. take care & safe trading...!!!

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TCS CMP 1907 Below 1950 the chart setup suggests weakness in stock price. It may come down to 1800 and could possibly even drag down to 1600 in the coming weeks/ months. A close above 1980 may invalidate the chart pattern. Stay cautious and trade accordingly.

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Infosys CMP 659 The zone of 665-675 is an important level for Infosys. Weakness will be confirmed once it closes below 644 Alternatively one may consider the following strategy for Infy Consider selling Infosys 680 Call option for Jan series Lot size 1200 CMP 21 Max profit potential ₹25200 per lot The strategy will have an in built loss protection cover...

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DLF CMP 173.40 The stock looks likely to be at the brink of breaking the minor uptrend channel it has been following. Levels are mentioned in the chart

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Tata Global CMP 214.60 Tata Global seems to be trading in a downtrend channel. Given the current setup, the stock may likely fall towards 192-188 zone 216-220 zone could likely act as resistance going forward. Take care and safe trading...!!!

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Ashok Leyland CMP 100.05 The stock has broken below important zone of 105-110 which acted as support on several occasions for more than year. Given the setup things look bleak for the stock and can be headed much lower towards 92 / 84 / 66. View gets invalidated if the stock starts sustaining above 106-110 in the broader setup. Take care and safe trading...!!!

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NMDC CMP 98 Under the current set up the stock may fall down to 95 / 93 odd levels View gets invalidated if stock closes above 99.50 take care & safe trading...!!!

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SBIN CMP 300.85 The stock has been trading in a channel for quite some time now.. Potential trade opportunity Channel trade potential Sell at cmp Target 295/ 288 SL If closing above 303 Break out trade potential on close above 303 Target 310/318 SL 296.5 Take care and safe trading...!!!

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BPCL CMP 326.85 One may consider to buy at CMP and /or on dips towards 320. Momentum might be seen above 335-338 zone. Target for the current setup 360/372 Keep a Stop loss if closing is below 315.5 Alternatively one may consider the following FNO strategy Sell BPCL 320 PE Lot size 1800 CMP 11.5 Max profit potential Rs 20700 if stock stays above 320 on 27...

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MGL CMP 873.5 The stock can be considered at CMP and on dips towards 860 for initial Target of 920. Keep a Stop loss if closing below 845 Take care and safe trading...!!!!

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Tata Global CMP 204 One may consider selling between 203-208 for Target of 194/ 185/176/168. Keep a Stop loss if stock is closing above 212 Alternatively one may consider the following FNO Strategy. sell Tata Global December expiry 210 Call option around 5.85 giving a profit potential of RS 13162.50. Loss in strategy if Tata Global trades above 215.85 on...

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Dr Reddy In our previous update we had highlighted the Buy zone for Dr Reddy. And boy oh boy it did just that. It touched the buy zone and is up almost 3% from those levels. This is what charts can help us with. Plan the trade. Identify levels before hand and when those levels come make the most of it. Take care and happy trading...!!!

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PFC CMP 95.20 One may consider to buy at CMP or on dips towards 92 for Target of 107/113/119/124 Stop loss if trades below 88 on closing basis Take care and safe trading...!!!

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YES BANK CMP 173 The stock may face resistance around 200 odd levels and could find some support around 160 levels. Given the setup one may consider the following strategy Sell YES BANK 190 CALL OPTION - cmp 8.5 & YES BAK 150 PUT OPTION -cmp 9 The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your...

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Adani Gas CMP 105.80 On a day like today when Nifty is struggling, Adani Gas is up 10% What this reflects is 1 Every chart can have its own story.... & 2 We always hear "No one can time the market..." .Sure... There is no denying... Adani Gas took 6 days to break free... But when it did today... The result is infront of us. so if you are...

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RCOM Consider selling for Target of 16.8/16.5 Keep Stop loss at 18