20th Aug 2019 #BankniftyFuture Intraday Levels

BankniftyFuture last close : 28203

Today BankniftyFuture is facing a intraday resistance at 28270-28330-28425

If comes above levels can create shorts…..There is no strength at higher levels

Suppose if crossover 28425 and holds above 15 minutes…….Will try to move 28570. Chances are remote only.

Today BNF can be considered as supports as 28160-28100-28000

Below 28000…………. Finding a next support around 27800

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Updated : 08.50 AM / 20th Aug 2019

19th Aug 2019 #NiftyFuture Intraday Levels

Nifty Future Last Close : 11064.65

 NiftyFuture has consolidated during the week. 

On Friday NiftyFuture sharp bounce back from intraday low 10926.05 to 11094

Index has recovered from over sold zone in last week

While updating SGXNifty were trading at positive note.

FIIs sold 1339 cr worth of stocks in cash segment whereas DIIs bought 1058 cr worth of stocks

FIIs sold 295 cr of index future and bought 493 cr of index options

 Today NiftyFuture is expected to open at flattish note

 Likely to witness consolidate trade will be expected during the day 

Today NiftyFuture is facing a intraday resistance at 11080 and 11115

 If breaks and holds above 11115….. Finding a next resistance around 11160-11180

Stay caution at higher levels!!

 Today Nifty Future can be considered as supports as 11030-11010-10970

 Avoid short at lower levels

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Updated : 08.56 AM / 19th Aug 2019

19th Aug 2019 #BankniftyFuture Intraday Levels

BankniftyFuture Last Close : 28260.55

As expected Friday BankniftyFuture has rocked almost 550 points from intraday low. Made a low of 27750 and went up to 28310.

We have recommended buying alert BN 27800CE at 270 and booked profit at 500.

Today BankniftyFuture is facing a intraday resistance at 28350-28420

If breaks and holds above 28420…… Finding a next resistance around 28570

Today BNF can be considered as supports as 28200-28100-27950

Can buy at support zone!!………

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Updated : 08.51 AM / 19th Aug 2019

19th Aug 2019 Hot Stocks & Stocks To Watch

BATAINDIA

(Last close : 1473.55)

BATAINDIA finding a trend line resistance at 1480

 Stock if breaks and holds above the level

Will try to move 1500+

SUNPHARMA

( Last Close : 414.70)

SUNPHARMA trading range between 445-405

Now, Stock near by support zone

If not break support……. No problem for bulls!!

Watch above levels

JUBLFOOD

( Last Close : 1113.05)

JUBLFOOD near by trend line support

Stock once if breaks & stays below the level

Expecting more weakness

Which level will be breaks ?? and What is the Targets ?

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Updated : 08.43 AM / 19th Aug 2019

#NiftyFuture Technical View For 19th-23rd Aug 2019

NiftyFuture last close : 11064.65

NiftyFuture was managed and closes above 11000 mark on consecutive second week. Some relief rally on Metal, Media, PSUBanks and major rally on Reliance after AGM.

On Macro economic data, Wholesale inflation hit a 25 month low in July and WPI stood at 1.08% in July vs 2.02% in June.

Global news : US President said US-China productive trade talks and expected the two nations to meet in September despite imposing tariff on over $125bn worth of imports Chinese imports effective on Sept 1st.

Our weekly chart analysis NiftyFuture formed a higher low on last seven sessions. That means index recovered from oversold zone.

Now, NF is facing a weekly and very strong resistance around 11180-11200 (200 DMA). If crossover and closes above the level……. Expecting fresh up move.

On the other hand, NiftyFuture can be considered as supports as 10920, 10880 and a very strong crucial support at 10800.

Suppose if breaks crucial support 10800, Expecting another round panic and sharp selling pressure!!

Close watch above supports and resistance levels. Happy trading!!

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Updated : 01.11 PM / 17th Aug 2019