Showing posts with label MARKET SETUP. Show all posts
Showing posts with label MARKET SETUP. Show all posts

Friday, 8 June 2018

Market outlook and trade setup for Friday


The Nifty has taken gap up opening and remain positive to get surge to important benchmark 10800 but couldn't retained the same and lost the breakout position and closed with gain and bullish sign.

The Nifty index has a strong support near 10,600, 10,650 and 10,730 levels. If the index breaks 10,698 levels in the forthcoming sessions, there is a higher probability that bears could make a comeback.The Nifty which opened at 10,722 rose to an intraday high of 10,818. The index failed to close near its intraday high and closed 83 points higher at 10,768.But in the last two days, it looks like bulls have tightened their grip on D-Street as Nifty is finding support at lower levels. The next target for Nifty is placed at 10,920 only if it manages to close above 10,820. Price action suggest if Nifty trades below 10,722 levels for some time at least one hour on Friday then it may set the tone for profit booking, but we knows indian market behaves like peak hour  traffic on one side of the road.
India volatility index  moved up by 1.81 percent at 12.55 levels and with high Put call option suggest lower volatility and bullish biasness for Fridays trade.

FIIs are again come out as net seller in the cash  by selling worth RS 524 crore shares and DIIs bought share worth Rs 1194 crore in cash segment.

Balrampur Chini and DHFl are in F&O Ban list for tomorrow trade

Nifty Index

Nifty would been in supply zone below 10720-25 and profit booking may drag it to to 10675 level and If nifty took support at 10720-25 and start moving upward, next resistance and target would be again remain 10820 and closing above 10820 will only open the gate for next upward level of 10920 and 11000!

Bank Nifty Index

Bank Nifty would be having strong support at 26420 and 26300 if traded below 26500, would face profit booking on last day of the week but sustaining above 26525 and further any pull back can take it back to 26700 and at 26800 levels which are key resistances.

Call Option data Analysis 

Max call open interest buildup has been seen at 11000 followed by 10800 and 10700 with accumulation of  40/30/28 lakh contracts in open interest where as Call unwinding was seen at the strike price of 10,800, which shed 4.01 lakh contracts, followed by 10,700, which shed 2.91 lakh contracts as well as 10,600, which shed 2.69 lakh conracts.

Max put open interest buildup has been seen at 10600 with 43 lakh contracts followed by 10200 and 10500 by 34 and 33 lakh contacts.Maximum put writing was seen at the strike prices of 10,700, which added 10.13 lakh contracts, followed by 10,800, which added 7.08 lakh contracts, and 10,600, which added 2.8 lakh contracts.
Put unwinding was seen at the strike price of 10,200, which shed 1.71 lakh contracts, followed by 10,500, which shed 1.13 lakh contracts.

observation: Emmkay_ra

market setup for wednesday

Sunday, 27 May 2018

Market review and trade set up for Monday, May 28th 2018!

Market closed on Friday with bullish confirmation after continuously two days short covering, bull has taken a control after  initial gap up filling and taken market to 10628 before closing at 10605!

The Nifty is now trading above its crucial short-term moving averages and  intraday low of 10,524 will be of big importance in the coming week, A break below this level could again put further pressure on the index amid expiry week volatility.
On upside next nifty target is place at 10733 and crucial support at 10580 and 10524 but bulls will able to take control only above 10929 to confirm the bottom 10417 as  bottom of current correction.
is seen at immediate strike prices which give room for further upside.

VIX fell down up by 4.46 percent at 12.55 levels. On the options, the highest Put OI is intact at 10,500 followed by 10,400 strikes while the highest Call OI is placed at 10,800 followed by 11,000 strikes.
Highest Put writing is placed at 10,600 and 10,500 strikes which could act as a strong support while Call unwinding is seen at immediate strike prices which give room for further surge on the index.

Nifty Bank

The Nifty Bank index closed at 26,273 and next tgt placed at 26390 and 26600 with stop-loss 26090 and 25910 on daily bases.


Max call open interest seen at 10800 followed by 11000 and 10700 strike prize.
Call writing was seen at the strike price of 10,800 and 10900  which added 3.52 lakh and 1.6 lakh contracts.
Call unwinding was seen at the strike price of 10,500, which shed 16.03 lakh contracts; followed by 10,700 strike, which shed 11.62 lakh contracts and 10,400 strike, which shed 4.7 lakh contracts.


Max Put open interest seen at 10500 followed by 10000 and 10400 strike prize.
Put writing was seen at the strike price of 10,600, which added 17.73 lakh contracts, followed by 10,500, which added 12.12 lakh contracts and 10,000, which added over 1 lakh contracts.Put unwinding was seen at the strike price of 10,400, which shed 5.97 lakh contracts

Stocks such as BEML, DHFL, IDBI, Jet Airways, Jain Irrigation, Just Dial, and Reliance communications are in F&O ban list.

Stocks in news:

  • United Breweries: The firm launched AMSTEL Beer in its super premium strong beer category.
  • IDBI Bank: The Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.
  • Jindal Saw: Neeraj Kumar reappointed as Group CEO and Wholetime Director of the company.
  • Tech Mahindra reports Q4 profit, beats estimates at Rs 1,222 crore.
  • Sun Pharma Q4 profit up 7% YoY at Rs 1,309 crore, beats estimates
  • Lakshmi Vilas Bank: Net Loss At Rs 622.2 crore against profit of Rs 52.2 crore YoY.
  • Sun Pharma: Unit Promuis Pharma Filed Lawsuit For Patent Infringement In US Court
  • Bank of Baroda: Q4 net loss at Rs 3,102 crore on jump in bad loan provisions

Stock need to be Focus on Monday 

  • Power Grid
  • Piddilite
  • Hindalco
  • Tvs motor
  • Castrolind 
  • Jain Irrigation
As observed by emmkay_ra