Upcoming Important Results On August 1st Week
Updated: 01.32 pm / 31st July 2020
Updated: 01.32 pm / 31st July 2020
NiftyFuture July last close: 11108
August last close: 11093.40
As expected NiftyFuture was seen sharp profit booing on the July series expiry day
NF was opened at 11253 and went up to 11290.95 then sustained around 11260 almost 2 hours
After 12 pm, Bears have dominated and Nifty dropped vertically up to 11078.20.
I did mention in pre-market report on my blog. “NF if breaks 11170 expecting long unwinding up to 11090”
What happened on yesterday?? NF followed what I did mention
In July month NF low was 10156 on 29th June and went up to 11343.40 on 29th July. The rally of almost 9% almost a month.
The Nifty July expiry rollover is at 77.59% on Thursday compared to 78.93% on same day of previous expiry
The Market wide July expiry rollover is at 88.13% on Thursday as compared to 89.97% on same day of previous expiry
Yesterday Pharma stocks was seen good rally like Divislab, Sunpharma, Lupin and Aurophrma
While the profit booking was visible in the Oil, Telecom, and banking stocks
Reliance Jio reported a net profit of Rs 2520 crore for the June 2020 Vs 891 crore in same quarter
Reliance profits beats estimates and Profit rose 31% YoY
US economy shrinks at record 32.9% its sharpest downturn since at least the 1940s
Trump says ” Possibility of delaying the U.S presidential election
Dow Jones fell 225 points , S&P500 lost 13 points and Nasdaq added 45 points
Asian markets were set to rise on Friday’s trade Nikkei added 0.35% and Hangseng gain 0.3%
Today’s result stocks are, SBIN, Tatamotors, Sunpharma, IOC, UPL
FIIs bought 207 crore worth of stocks in cash segment whereas DIIs sold 387 crore
Today NiftyFuture is facing a intraday resistance at 11120, 11145 and 11180
Once if breaks and manages above 11180 will try to move 11240
In last 8 sessions NF was struggled around 11050 to 11300. Hence stay caution at higher levels!!
Today NF can be considered as supports as 11085 and 11050
Once if breaks and holds below 11050……. Finding a next support around 11000 and 10960………… Thereafter………..??
More live market update will send to my clients only
Updated: 08.48 am / 31st July 2020
BankniftyFuture July last close: 21654.80
August last close: 21631.40
What a terrible day!! Bankniftyfuture was seen huge selling pressure on whole day!!
Yes, Bears have an upper hand and index fell 2.3%
BNF was opened at 22090 and went up to 22259.80 then dropped 21562
I have recommended selling alert BNF at 22200 and booked profit 300 points!!
All front line bank stocks fell heavily. Axisbank, Indusindbank, and SBIN fell 3-5%
Hdfcbank, Icicibank and Kotakbank fell 0.5% to 2%
BankniftyFuture likely to open at negative note and expecting volatility trade during the day
Today BNF is facing a intraday resistance at 21770, 21900 and 22100
Above three levels are crucial for today’s trade!!…….. Sell on rise!!
Today BNF can be considering a support at 21560, 21440 and 21300
Once if breaks and manages below 21300……. Finding a next support around 21050
More live market update will be sent to my clients only
Updated: 08.35 am / 31st July 2020
Last close: 509.95
Sunpharma spiked from 490 to 513 and stock gained 3.4% on yesterday
Many pharma stocks rose 3% to 7% likes Drreddy, Divislab, Auropharma and Lupin
Today Sunpharma declaring earnings report. Close watch stock finding a resistance at 513
Once if breaks and sustains above the level, Expecting bulls action up to 520 and 527+
Last close: 2108.85
Reliance declared result on after market hrs and Profit beats estimates up 31% YoY
Ril reported consolidated profit Rs 13248 crore for the first quarter
Jio’s ARPU growth of 7.4% QoQ. Beating street expectations
Let’s see……… Stock already from 1800 to 2200 in last 10 days
Now stock facing a intraday resistance 2140, 2158 and 2200
Expecting profit booking from resistance levels until 2200
Suppose……. Above 2200………. Bulls action will be continued!!
Supports 2090, 2070 and 2055……. Thereafter expecting more pain!!
Updated: 08.25 am / 31st July 2020
Updated: 08.47 pm / 30th July 2020
What I did mention in morning about #NiftyFuture
If breaks and holds below 11170 long unwinding expected up to 11125 to 11090 and also mentioned 11050-11070 strong support.
What happened now?
See #NiftyFuture dropped up to 11078 after broken 11170. https://t.co/Y5NvXVYig9 pic.twitter.com/RdXTLAikbm
— ARJUN-Investment Advisor (@flyingcalls) July 30, 2020
What I did mention about #BankniftyFuture in my morning report?
BankniftyFuture resistance 22225 and 22280.
See Today’s high 22259.80 then slipped up to near by last support 21500.
(I sent selling alert BNF @ 22200 and booked profit 300 pts) https://t.co/Y5NvXVYig9 pic.twitter.com/lOjL2dXfUO
— ARJUN-Investment Advisor (@flyingcalls) July 30, 2020
Recommended HERO or ZERO alert: Banknifty 22400CE at 25 and 22000PE at 45
Full risk around 1600-1700 per set
Now Banknifty index slipped up to 21860 from 22200. So 22000PE spiked from 45 to 150.
Booked full profit at 150. Money doubled!!
Updated: 01.43 pm / 30th July 2020
Recommended selling alert BankniftyFuture @ 22170-22210 Target 22000 21900
After my alert BNF went up to 22259.80 then sustained given selling zone
Now BNF dropped and achieved given targets 21900
Booked almost 300 points profits per lot!!
Updated: 01.20 pm / 30th July 2020
NiftyFuture last close: 11222.45
The bears came back to market. Bears took control on entire day
As expected NiftyFuture was seen huge volatility on yesterday ahead of one day before July expiry
The Sensex fell 420 points while Nifty50 dropped almost 100 points
Seen profit booking in all sectors on yesterday’s trade after the recent rally except Pharma stocks
Reliance and Hdfcbank was the most contributor to fall index
Today Reliance will be declaring earning report and stock will react tomorrow only
This July month series low was 10156 on 26th June and high of 11343 on yesterday
I think morning session will be consolidate and noon session expecting some volatility
US markets closed higher on Wednesday. Dow rose 160 points and Nasdaq added 140 pts
Asian markets were set to higher levels
Federal Reserve keeps rate unchanged
Today’s results stocks are Reliance, Hdfc, Dabur, Srf
FIIs sold 352 crore worth of stocks in cash segment whereas DIIs sold 505 crore
SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be expected during the day
Today Niftyfuture is facing a intraday resistance at 11240 and 11275
Once if breaks and holds above 11275……… Finding a next resistance around 11310-11340………. Thereafter expecting huge short covering!!
NF considering a support 11190 and yesterday’s low 11170
Below 11170 and manages below the level…………. Long unwinding will be expected up to 11125 and 11090
Lower level very strong support around 11050-11070
More live market update will be sent to my clients only
Updated: 08.55 am / 30th July 2020