indiamarketoutlook

indiamarketoutlook

Nifty - Important levels on Nifty spot for 09 May 2023 Imp levels on the upside 18343 / 18368 / 18401 Imp levels on the downside 18235 / 18208 / 18178 - Nifty rose 50 points with 0.25% rise in Open Interest. Before the Karnataka Election outcome, No signs of panic. - Just before the Karnataka Election outcome, All 3 F&O major participants have a Net...

indiamarketoutlook Updated 

Yesterday had given the level of 18065 odd levels as trend decider. Nifty made a low of 18066 and started it's one sided recovery slowly and steadily moving exactly on predicted lines. Important levels going forward 18180-18160 / 18120-18105 to be an important support level 18400 upside resistance zone Take care & safe trading...!!! Like and Follow

indiamarketoutlook Updated 

18030-18065 would play a crucial role Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065 giving a Risk:: Reward ratio of 1::2 A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels. Sustaining 17960 and managing to give a Weekly close Above 18065 In that case...

indiamarketoutlook

Nifty - Just before the FED meeting the mood is upbeat amongst World market For the May series important level to watch out for on Nifty 18400-18600 on the upside and 17750-17900 on the lower side. - Option IVs are very very low. A wild swing on the Index can reward Option buyers and chop Option sellers. Take care & safe trading...!!!

indiamarketoutlook Updated 

All levels are given in the chart itself Watch out for Nifty behavior in the zone of 17580-17644 zone for that may give an early cue as to where Nifty may head in to expiry week. A movement of 250-280 points may be on the cards. Take care & safe trading..!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for...

indiamarketoutlook Updated 

Nifty 27 April expiry view Important levels on Nifty spot for 27th April 2023 Important levels on the upside 17836 / 17882 / 17916 Important level on the downside 17772-17765/ 17738 / 17705 If Nifty breaks 17765 odd levels, then likely target is 17738 / 17707 odd levels. If it holds on to 17765 odd levels and if we see the Index crossing 17836 in the 2nd half,...

indiamarketoutlook

Nifty Yesterday we had given a trend decider level of 17580-17644 Nifty spent a good 3 hours in the said range on 24th April 2023 and after 12:30 pm we saw a breakout on the upside. Nifty went on to make a high of 17754.50 (we had given a level of 17754) Levels working to the point... For 25th April important levels have been given on the chart Take care &...

indiamarketoutlook

Nifty For the last couple of days Nifty has been taking support around 50 day EMA. However it has not been able to capitalise on the same as it has faltered to gain momentum... Last time it was suggested that around 17566 there are opportunities for both rhe Bulls and the Bears for a 80 - 100 point play. Nifty did 100 points up movement but things are...

indiamarketoutlook Updated 

Nifty Important levels have been mentioned in the chart Nifty has fallen for 3rd consecutive day - yet again held on to the blue support zone for April series Yesterday I had mentioned that 17566 is an important level to watch out for as it can give an entry opportunity to both Bulls and Bears. For a 20-30 points risk it provides a reward potential of 80-100...

indiamarketoutlook

ICICI Bank is expected to come out with results. The stock has tested it's 76.4% retracement. Given the chart set up, one may consider a Bear Call spread strategy for May expiry. Sell 900 Call option and Buy 920 Call option. Profit potential of 19% on margin. Take care and safe trading...!!!

indiamarketoutlook Updated 

Nifty In my previous post, one of the important levels given was 17615. Nifty made a low of 17610 and recovered to close the day at 17660 For tomorrow important levels have been given in the chart. Watch out for Nifty 17566. For a 20-30 point SL it can provide a 80-100 point reward potential in either direction. Of course I reserve the right to be wrong. Pls...

indiamarketoutlook

The stock looks good for target of 168 / 174. One can look for a medium term target of 204/ 220 as well.

indiamarketoutlook

In previous post One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85 Also had suggested the blue zone may act as Support zone for Nifty in April series. Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What...

indiamarketoutlook

We are looking at hourly chart of Nifty. Result season has officially begun with TCS results out Let’s see what Data is telling us… Index Futures Retail traders squared off 7099 Long positions and added 10005 Short Contracts FIIs added 7717 Long contracts and squared off 11004 Short Positions Pro traders added 3776 Long contracts and squared off 1589 Short...

indiamarketoutlook

Nifty has broken below yesterday's high. One may consider to sell for a target of 17545 Keep a SL at 17742 Take care & safe trading...!!!

indiamarketoutlook Updated 

Nifty Important levels are given in the chart itself In previous post had suggested a Short Strangle strategy for Nifty 20 April expiry with Net receivables of 141 points Current Update Nifty 17700 Call 92 Nifty 17200 Put 27 From 141 the spread has come down to 119 giving a Net profit of 21 points per Strategy lot so far... Take care & safe trading...!!! ...

indiamarketoutlook Updated 

Nifty - Nifty has given a breakout from the Blue box and is now trading in the yellow box - 252 day EMA @ 17396 - 63 day EMA near 17540 - Line of Resistance 17620 odd levels around 20 April 2023 - 21 day EMA around 17240 - Lower level of Yellow box 17220 odd levels - RBI Policy Announcement on 6th April 2023 - Result Calendar to begin soon View: Rangebound...

indiamarketoutlook

Nifty - Important levels are given in the chart - Earlier when Nifty was at 17050 odd levels I had given a bearish view - Nifty is down 100 points from those levels - Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the...