indiamarketoutlook

indiamarketoutlook

Yesterday's trade data clearly showcased that the FIIs had added Net Short position in Index Futures Retail traders went long in Index Futures. In Options retail traders were more active in Put side but had bias on the Long side.. . Even in Stock Futures FIIs added Short positions Trade with knowledge. Invest some time in study and then in...

indiamarketoutlook

Nifty - we had already marked the red zone as resistance zone Today we see a big gap down exactly after Nifty got rejected around 17320 odd levels. Are you surprised or were you prepared? Going forward - we are looking at 15 minute candlestick chart pattern - we observe that the zone of 17026-17060 is very crucial for Nifty - between September 28, 2022...

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Asian Paints - After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far - The tepid recovery is also due to rise in crude oil prices during the same time. - Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series) Keep a close watch if Asian Paints closes above 21 day EMA ( currently...

indiamarketoutlook Updated 

IDFC First Bank - The stock has recently saw a rally from 28 odd levels to 53 levels in 3-4 months - thereafter the stock has seen distribution at 50 odd levels - now the stock has seen a correction of approximately 13% from the top If some one has a long term perspective, one may consider buying the stock in parts 50 day EMA is around 45 200 day EMA is...

indiamarketoutlook Updated 

Tata Steel - stock is trading below 200 day EMA - trading near 20 day EMA -gap resistance at 109-114 Given the set up one may consider to sell 27 Oct 2022 expiry 120 Call option currently around 2.3 Profit potential 9-10%. Be cautious if Tata Steel goes above 110. Exit if closing is above 114 in Spot. Take care and safe trading...!!! Disclaimer - The...

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On September 28, it was suggested that Nifty is near 240 day EMA and that 17166-17320 zone might act as short term resistance and short term support being around 16300 odd levels. Well, Nifty has made a high of 17187 thereafter and and now is back at it's 240 day EMA. For the October month, Important Support and resistance levels going forward Gap support...

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MGL Day before yesterday when markets looked difficult, charts indicated that MGL is at Support and that odds are in favor of going Long... In 2 days the stock has rocketed and even in an overall down market this stock is holding up firmly... Note this is not any recommendation now. Just to showcase how technical analysis can improve our trading....!!! The...

indiamarketoutlook Updated 

MGL - The zone of 780-800 acted as resistance in the month of June and July - it broke past its resistance in Aug and made a high of 925 - now it is back to 780-800 zone On charts, Risk::Reward ratio looks favorable to go long With a SL at 755 on closing basis, one may look to go long in the stock Buy zone: 780-800 Time frame: Medium to long term...

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Tata Power The zone if 252-256 is crucial zone for Tata Power 267.90 is the gap down level on 18 April 2022 Given the set up one may consider to sell 265 Call option The strategy has protection for rise up to 268.5 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...

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Ambuja cement The stock has seen a fantastic rally in the last month However, currently we observe RSI divergence. Stock may come down to 426/415 odd levels. Given the set up, one may consider to sell Ambuja Cement 480 Call Option The strategy gives protection for a rise up to 487.60 till expiry. For risk management purpose, exit if Ambuja Cement closes above...

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Nifty Observations On hourly charts - Gap at 17705-17744 On daily charts - 10 day EMA around 17578 - 20 day EMA around 17460 Given the set up one may consider to sell 29 Sept expiry Nifty 18100 Call option Exit from strategy, if Nifty closing is above 17750 Take care and safe trading Disclaimer - The view expressed here is my personal view - Past...

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SBIN Observations - currently at the top end of the channel - it may come down towards 513-508 (recent low) / 493-488 (200 day EMA zone) For the current month, one may consider to sell 550 call option. SL Exit if SBIN closes above 545 in Spot. any dips towards 508 / 480 would provide better risk::reward ratio to go long from medium term perspective...

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Infy With results round the corner, let us see important levels for the stock - 1562-1565 is crucial level to watch out for - 200 day EMA is currently around 1596 - 1618 is another important level on the upside which might act as resistance - on the lower side it would be important for Infy to hold above 50 day EMA currently placed at 1498 level Given the set...

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Nifty Continuing with my earlier post (July 13, 2022), One may consider to sell 16250 Call option & buy Nifty 28 July expiry 15800 Put option currently around 135 Ratio of trading strategy Consider to take trade in the proportion Sell 2 lots of Call :: Buy 1 lot of Put Take care & safe trading...!!! Disclaimer - The view expressed here is my...

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Tata Power Observations - the stock is close to Line of resistance - 38.2% retracement comes at 231 Given the set up, one may consider to sell 230 Call option (sold at 3.7) The strategy has approximately 7% yield potential on Margin required and covers risk for a rise in stock price up to 233.70 Please follow risk management measures Take care & safe...

indiamarketoutlook Updated 

Aurobindo Observations - has been sideways since May 16, 2022 - stock has moved past 20 day EMA - stock has crossed 50 day EMA - the stock is on the verge of breaking range bound channel - sustaining above 552 is going to be the key -target for the set up 612 / 630 Consider buying 570 Call Option at cmp & /or on dips in Spot Aurobindo Pharma around 552 Target...

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Nifty Observations - Nifty has seen a good swift 1000 point recovery from the recent lows - currently trading below 200 EMA and near 50 day EMA - 1st time Nifty broke 200 day EMA, it recovered quickly - 2nd time it broke, it recovered and halted at 200 day EMA - now it is below 200 day EMA and trading near 50 day EMA - Nifty getting resisted at 50 day EMA...

indiamarketoutlook Updated 

TCS - the zone of 3385-3420 has played an important role for the stock From charts we observe that - it acted as resistance in June 2021 - provided support between Aug 2021 - May 2022 - With results round the corner, the stock is trading 4-5% below that level at 3277 Given the setup, one may consider to sell TCS 28 July expiry 3400 Call option currently...