Good Morning All,
Isreal & Iran announces ceasefire. Big surge in US Futures. Gift Nifty is also expected to open strong.
Nifty - It was a inside day with close above 20 SMA. Hence previous day's high and low becomes the key. With ceasefire news, we could open around the previous day high of 25136. If sustains above then we can see a trending day. On the other hand if it fizzles out then 24971 is the first support. 20 SMA will be the 2nd support.
Bank Nifty - Same scenario here too. The previous day's high is 56328. Above this 56599.95 is the pending target and 57049 is the big resistance. Everyone are aware the this will be a oversensitive index which reacts wild when it comes to global news.
Sensex weekly expiry today. Try to book profits on time.
Isreal & Iran announces ceasefire. Big surge in US Futures. Gift Nifty is also expected to open strong.
Nifty - It was a inside day with close above 20 SMA. Hence previous day's high and low becomes the key. With ceasefire news, we could open around the previous day high of 25136. If sustains above then we can see a trending day. On the other hand if it fizzles out then 24971 is the first support. 20 SMA will be the 2nd support.
Bank Nifty - Same scenario here too. The previous day's high is 56328. Above this 56599.95 is the pending target and 57049 is the big resistance. Everyone are aware the this will be a oversensitive index which reacts wild when it comes to global news.
Sensex weekly expiry today. Try to book profits on time.
Gift Nifty Indicates a big Gap up of more than 270 Points. If its exactly followed by Nifty, we must wait for a dip to create longs again.
Shorting is not advisable.
Few of our stock options which we have booked yesterday might be in a better shape today. Pls remember we haven't expected this kind of good news.
Also its Trump who declared ceasefire has been agreed by Iran and Isreal. But the twist is for 12 hours. Mostly it will come to an end. However Iran's defence minister says we will never surrender. Its really confusing statements from both. Its better to play on cautious side.
Shorting is not advisable.
Few of our stock options which we have booked yesterday might be in a better shape today. Pls remember we haven't expected this kind of good news.
Also its Trump who declared ceasefire has been agreed by Iran and Isreal. But the twist is for 12 hours. Mostly it will come to an end. However Iran's defence minister says we will never surrender. Its really confusing statements from both. Its better to play on cautious side.
Good Morning All,
Good rally in US indices. Gift NIfty too indicates a gap up opening.
Nifty - Poor price action which made a close near about to the lowest point. Post gap up, there is a chance of testing 25300 again. But sustaining above it will be a difficult task. 24872 is the 20 SMA and any dip towards it is a decent buy.
BankNifty - It performed a bit better than Nifty. Dip towards 56000/56100 is a decent buy. Stiff resistance at 56888. Sustaining above it will fire another 300 points even intraday.
IT is expected to perform today as Nasdaq surged last night. Last 2 days of monthly expiry and HDFC Bank is expected to perform. If both are on same side, definitely one test of 25222 is on the cards.
Good rally in US indices. Gift NIfty too indicates a gap up opening.
Nifty - Poor price action which made a close near about to the lowest point. Post gap up, there is a chance of testing 25300 again. But sustaining above it will be a difficult task. 24872 is the 20 SMA and any dip towards it is a decent buy.
BankNifty - It performed a bit better than Nifty. Dip towards 56000/56100 is a decent buy. Stiff resistance at 56888. Sustaining above it will fire another 300 points even intraday.
IT is expected to perform today as Nasdaq surged last night. Last 2 days of monthly expiry and HDFC Bank is expected to perform. If both are on same side, definitely one test of 25222 is on the cards.
Guys - When VIX is below 14 and approaching almost 13 volatility will be very less. For all the positions I have given SL or CBSL. Despite that if you start pinging me individually, I have no answers.
Understand that I will not be able to push markets in favour of me. After all I am also a human being. Maintain SL as suggested for the positions. If goes wrong, not a big deal. We know how to cover the losses.
Understand that I will not be able to push markets in favour of me. After all I am also a human being. Maintain SL as suggested for the positions. If goes wrong, not a big deal. We know how to cover the losses.
Good Morning All,
US markets ended Mixed. Gift Nifty indicates a minor green tick as of now. But things could change arnd 9 AM.
Nifty - Good Price action yesterday closing near highs of the day. But its an inside bar on daily charts. Heavy OI built up in 25300 & 25200 CEs along with 25200 PE too. The key for today is can it break 25317.70 and how long it can stay above it. If stays for more than 15 minutes, there will be big short covering which can take the index to 25500 zones. On the other hand 25125 is the line in sand for Bulls. If this is taken out, we can see further downside which will be considered as expiry based move.
BankNifty - As expected HFDC Bank was the one who performed for Bulls yesterday. Its an inside bar too. 56862 is the immediate resistance. If taken our 57000 is an easy task. 56420 is the immediate support.
Its Monthly expiry for all NSE indices. VIX below 13. As long as it stays below 14, volatility will be less and try to exit your options on time.
If by any chance Nifty closes in red by 130 points or lower, its a blind BTST for July series.
US markets ended Mixed. Gift Nifty indicates a minor green tick as of now. But things could change arnd 9 AM.
Nifty - Good Price action yesterday closing near highs of the day. But its an inside bar on daily charts. Heavy OI built up in 25300 & 25200 CEs along with 25200 PE too. The key for today is can it break 25317.70 and how long it can stay above it. If stays for more than 15 minutes, there will be big short covering which can take the index to 25500 zones. On the other hand 25125 is the line in sand for Bulls. If this is taken out, we can see further downside which will be considered as expiry based move.
BankNifty - As expected HFDC Bank was the one who performed for Bulls yesterday. Its an inside bar too. 56862 is the immediate resistance. If taken our 57000 is an easy task. 56420 is the immediate support.
Its Monthly expiry for all NSE indices. VIX below 13. As long as it stays below 14, volatility will be less and try to exit your options on time.
If by any chance Nifty closes in red by 130 points or lower, its a blind BTST for July series.
Good Morning All,
Decent move in US indices last night. Gift Nifty too indicates a gap up opening.
Nifty - HH & HL on charts. Post Gap up opening, we are expecting markets to consolidate instead of a one way move. Any dip towards 25300 is a good buying opportunity. 25888 is the place which I consider as resistance now. Once its taken out, we would be preparing for a new ATH.
BankNifty - Not only punched a new ATH, but closed at new ATH. 56558 is the immediate support. Technically speaking no resistance after ATH. The fancy number of 57777 and psychological mark of 58000 will act as resistances.
VIX below 13. We may not see big volatile moves. However until VIX below 13 any dip will get bought. By EOD we could face some profit booking. Better try to avoid carrying overnight positions ahead of weekend. (Especially in Index)
Decent move in US indices last night. Gift Nifty too indicates a gap up opening.
Nifty - HH & HL on charts. Post Gap up opening, we are expecting markets to consolidate instead of a one way move. Any dip towards 25300 is a good buying opportunity. 25888 is the place which I consider as resistance now. Once its taken out, we would be preparing for a new ATH.
BankNifty - Not only punched a new ATH, but closed at new ATH. 56558 is the immediate support. Technically speaking no resistance after ATH. The fancy number of 57777 and psychological mark of 58000 will act as resistances.
VIX below 13. We may not see big volatile moves. However until VIX below 13 any dip will get bought. By EOD we could face some profit booking. Better try to avoid carrying overnight positions ahead of weekend. (Especially in Index)
BankNifty
Buy at 57353, SL-57265, Exit at your comfort
If SL Hits reverse the trade
Sell at 57265, SL-57353, Exit at your comfort
Levels valid till 2:15 PM Today and its a Pure Intraday Trade
Buy at 57353, SL-57265, Exit at your comfort
If SL Hits reverse the trade
Sell at 57265, SL-57353, Exit at your comfort
Levels valid till 2:15 PM Today and its a Pure Intraday Trade
S3 Advisory-Free
BankNifty Buy at 57353, SL-57265, Exit at your comfort If SL Hits reverse the trade Sell at 57265, SL-57353, Exit at your comfort Levels valid till 2:15 PM Today and its a Pure Intraday Trade
57648 is the high after execution of Buy. Almost 295 Points.