Skip to main content

Nifty Bank Nifty Over view for coming weekly expiry


·        Us Markets Ended Higher on Monday. Nasdaq Hit fresh all time high.
·        Asian markets and US market fell suddenly at 6:45 AM
·        US official mentioned in a tv interview that US china trade deal is over it means there would be no trade deals now, which market has take huge negative ,impacting us market ,this will be key driver today.
·        US market and Asian market reacted negatively
·        SGX nifty fell more than 100 points , there is again a tough nut ,which will time for markets to digest.
·        Later Trump said china deal is still not over, it is intact, I don’ts know what kind of secret games do they play with each one has contradictory roles.
·        Immediately US markets and Asian Markets recovered.
·        SGX nifty after recovering traded around 10340
·        Yesterday nifty crossed high of this series and then suddenly profit booking came.
·        Reliance too had profit booking after  a consistent rally.
·        But Markets no longer only waiting for Reliance to take part in rally, it reached with strength
·        Bank nifty has shot up 2500 points in 5 days rally.
·        Nifty shot up 500 points in 5 days.
·        Bajaj Finance 2200 to 2850 in a week’s time
·        FII’s are net buyers in market cash.
·        DII”s booked profit at each higher levels.
·        Kotak bank largely shot up due to short covering, which was expected as build up shorts results with market rally and short covering came.
·        Now nifty is reaching big resistance zone of 10400-500
·        Reliance industries may resume rally after pausing 2-3 days.
·        Without Heavyweights like RIL HDFC and TCS, Nifty can not cross 10400-500
·        IT stocks will remain under pressure as US has called of All US visa programs.
·        Even when yesterday Broader markets were good IT stocks were under pressure..
·        Infact It was the only index which ended up in red.
·        Today again IT index may hinder Nifty from travelling above the levels of 10400-500
·        Infact we are at top and hence caution needs to be exercised
·        Nifty Future may trade in between 10240 -10400



Comments

Post a Comment

Popular posts from this blog

STOCK CHART PATTERNS

  Stock chart patterns   are simply a visual representation of the prices buyers and sellers bought and sold at in the past. There is no magic in a chart pattern they just show you what happened in the past and what has a higher probability of happening in the future. The best use of chart patterns is to take a wider view of the trend on your time frame of choice and follow the path of least resistance.  A chart pattern can show that a stock is in a range with defined resistance and support. A chart could also show an uptrend of higher highs and higher lows or a downtrend of lower highs and lower lows. Stock chart patterns signal whether a stock is under accumulation or distribution or just trading in a defined price range.  The most popular use of stock chart patterns is for breakout trading signals as the probability increases of a move in a specific direction after a price breakout of a previous support or resistance. They are basically momentum indicators. The va...
Post a Comment
Read more

Pre market report for 9th June 2020 -Nifty Bank Nifty

CURTAIN RAISER for 9th JUNE NIFTY S&P 500 wiped out all the losses of 2020. Nasdaq is at all time high.US market closed higher Asian markets are mixed. SGX Nifty is up by about 50 points. Yesterday morning I said, markets are opening gap up but Nifty future likely to break 10200, at least once. But it broke 10200 and traded below that level and closed "Doji" pattern. That shows indecisiveness. We are struggling between positive Global and negative Local cues. We are struggling between FIIs who are buying and DIIs who are booking profits. OI at level of 10500 and 9500 is still very high Hence markets are highly volatile. Yesterday Nifty future fell more than 200 points from intraday high to intraday low. Bank Nifty was going all over the places. Bank Nifty future fell 900 points from intraday high to intraday low and recovered about 300 points. We are under performing world markets and that may ...
4 comments
Read more

How to Make your Stocks watch list: How to choose your Intraday stocks in 5 miniutes

How to make your Stocks watch list: How to choose your Intraday stocks in 5 minutes : Of late, I have come across problem of choosing stocks, which are tradable but when we start trading in morning we get stuck up which stocks are to be chose. For that matter we have to always prepare our stock watch list, which is not a herculean task and it can be made very efficiently &easily. I have always said that the most of best data is available in NSEINDIA website, choosing criteria for watch list as well as tradable stock is always to have implied volatility on daily and Yearly basis ,because  these are the stocks ,which are going to give us results as stocks trading n range of 0.25% movement is not going to work for us. This is the link of file downloading for volatility of stocks , you have to download the file in csv format , delete all the columns except B, G H as they carry name of stocks ,daily and actual volatility. In g and h column ,you can multiply them by 100 to ...
4 comments
Read more