Showing posts with label NIFTY. Show all posts
Showing posts with label NIFTY. Show all posts

Tuesday, 19 June 2018

Trade setup for Tuesday - Nifty may try to reclaim 10800 level

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The Nifty which started on a flat note failed to build on momentum due to weak global cues and slipped towards its crucial support placed around 10,800 on Monday.
In Monday’s price action, Nifty opened at 10,830.20 and was also the intraday high for the index which resulted in no upper shadow. The bears took control of D-Street in morning trade and pushed the index below its crucial support placed at 5-exponential moving average.
Experts are advising to tread with caution and if Nifty fails to reclaim 10,800 in Tuesday’s trading session, then there is a higher probability that it will slip towards its next crucial support, which is placed around 10,755.
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Nifty key support is placed at 10,782 followed by 10,764. If the index starts moving upward, key resistance levels to watch out are 10,825and 10,850
Banknifty support  placed at 26,320 followed by 26,250 Key resistance levels are placed at 26,483, followed by 26,560

Monday, 18 June 2018

Trade setup for Monday - Nifty May Move to 10825-890 for fresh breakout.

A candle with long lower shadow occurred in the chart after strong pull back which left with no significant of it but being its pull back and closed above support after consolidation it might get attempt to reach at 10835-55.

Monday is likely to see the levels of 10,850-890!

Supply zone only below 10800 on Nifty Future level and Demand zone  above 10835 to 10850-890!
Overall, the undercurrent continues to remain buoyant and the F&O data suggests that Nifty has some more steam left and it may attempt to move past the pattern resistance area near which it is currently consolidating. i will quote it trade with positive cautiously as per levels.

STOCKS TO WATCH: Long positions were seen being added in Reliance, Wipro, Infosys, Bajaj Finance, Auro Pharma, Berger Paints, TCS, Kotak Bank, Torrent Pharma, Granules and Dr Reddy’s.

nifty50 daily chart shows pull back attempt till 10825-50!
Nifty50 dailychart 

Friday, 1 June 2018

Trade setup for Friday Market and Trading View for next series

Market Overview And Trade SetUp For Friday

As expected Market has given a gap up opening and given up earlier gain in profit booking but market was completely in hand of option writer as mentioned earlier taken the support at 10620 and struggled till second half. After new of high GDP expectation in comparison of March, Market has given a breakout and closed above 10700.

Though Market has closed above 10700 but its closed with Caution note looking Advance Decline Ratio and overall closing ending on lower side for the series. Nifty rollovers stood at 58 percent which was slightly below 72 percent recorded in April expiry and was lower than the 3-month average of 67.3 percent. And in continuity confirmation of more buying need in coming session and nifty must break the next resistance level of 10780 to get closed above 10820 level in support of bulls. The Nifty future closed with the gains of 1.11 percent at 10,736 while Bank Nifty closed with the gains of 7.78 percent in the entire May series but on the lower side 10660 would work as stop loss to get it further slipped to 10560.

Nifty Bank

The Nifty Bank index closed at 26,956 with 7.59% gain aprox and next upside target are placed at 27295 and 27640 for the series with stop or support  at 26,480  and followed by 26,020.

Option Summary

In terms of open interest, the 10,800 Call option has seen the most call writing so far at 47.57 lakh contracts.The second-highest buildup has taken place in the 11,000 call option, which has seen 27.87 lakh contracts getting written so far. The 10,900 call option has accumulated 17.96 lakh contracts.There was hardly any Call writing seen.Call unwinding was seen at the strike price of 10,700, which shed 30.81 lakh contracts, followed by 10,600, which shed 22.07 lakh contracts, and 10,500, which shed 5.22 lakh contracts.

Maximum open interest in put options was seen at a strike price of 10,500, in which 59.30 lakh contracts have been added till date.The 10,600 put option comes next, having added 46.93 lakh contracts so far, and the 10,300 put option, which has now accumulated 27.63 lakh contracts.
Put writing was seen at the strike price of 10,600, which added 15.33 lakh contracts, followed by 10,700, which added 8.15 lakh contracts and 10,500, which added 1.38 lakh contracts.
Put unwinding was seen at the strike price of 10,800, which shed 2.97 lakh contracts and 10,300, which shed 2.50 lakh contracts along with 10,400, which shed 2.25 lakh contracts.

FIIs and Institution Turnover 

Foreign Institutional Investors (FIIs) sold shares worth Rs 15.31 crore, while domestic institutional investors bought shares worth Rs 266.02 crore in the Indian equity market

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As observed by Emmkay_Ra

Friday, 4 May 2018


Trade Setup for Friday Market

Trade setup market closed in red with bearish continuation but nothing much to afraid for bulls till the time Nifty Index closing above 10600.  

The Nifty closed at 10,679.70 on Thursday and support level placed at 10650 followed by 10610 and if the index start moving upwards resistance level to watch 10720 and 10760 !
Index made high of 10720 and low of 10647 to get closed at 10769, 38 point lower from previous day closing.
Though Market has closed below 10700 which physiological mark for the nifty but bouncing back from the resistance also showing strength in the market, I am using dip to buy the stock carrying the strength with target of 10900, however in between can see multiple  hurdle near 10780-90.
Max call writing seen at 110000 followed by 10900 and 10800 and unwinding seen at 10500 followed by 10600
Max put writing seen at 10500 and followed up by 10400, put writing also seen add on at 103000 and 102000 where as unwinding seen at 10700 and 10500!
Fii are continuously net seller on Thursday along with DIIs.
Happy Trading !

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