27th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11778.40 (-1.3%)

NiftyFuture was melted on Oct series expiry week first day

Index opened at 11933 and almost 1 hour sustained around 11900 then seen huge selling pressure and index fell vertically up to 11712. Finally closed at 11779

Yesterday I did mention Rising virus cases in the US and Europe and delay in US stimulus package. That is the main reason global market fell

All sectoral was seen selling pressure Metal index down 3.5%, Auto index corrected 3.2% while IT and Pharma index fell 1 to 1.5%

Reliance broken three month support and near by 2000 level

Kotakbank did well after the good earnings report

Heromotoco, Bajajauto, M&M and Tvsmotors was seen huge selling pressure

India’s volatile index climbed 6%. Take care for options writers.

US markets tumbled on Monday and S&P500 posting its biggest daily decline in last one month

Dow Jones fell 650 points, S&P500 declined 65 points, and Nasdaq dropped 190 points

Asian markets seems weak trend on Tuesday

Hope, Centre prepares stimulus 4.0 for Diwali release…. Is will help market ?

Today focus on Bhartiartl, Amarajabat, and Tatamotors set to declare earnings report

FIIs sold 119 crore worth of stocks in cash segment meanwhile DIIs sold 980 crore

SGXNifty indicate a positive opening for the index and likely to witness volatile trade will be continue

Today NiftyFuture is facing a intraday resistance at 11800, 11825 and 11850

If crossover 11850 and manages above the level finding a next resistance around 11900

Today NF can be considered as supports as 11740 and 11710

If breaks and sustains below 11710………. Will try to check 11660

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Updated: 08.40 am / 27th Oct 2020

27th Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 24109.15 (-1.7%)

BankniftyFuture was opened at 24519 and made a high of 24550 then slide up to 23850. Finally closed at 24109

Oct series expiry week has started with huge volatile

Option premium did not fall hence the huge problem for option short straddle and strangles

Kotakbank reported good earnings report. That’s why index climbed 200 pts in last hour

Icicibank, Axisbank and Hdfcbank was seen selling pressure

SGXNifty indicate a positive opening for the index and bank index also will open flat

Today BankniftyFuture is facing a intraday resistance at 24240, 24320 and 24500

Above 2nd and 3rd resistance are hurdle for today’s trade

Oct series low was 20430 and high was 24880. Bank index climbed 4500 points hence this expiry expecting more volatile……. So stay caution

Today BankniftyFuture considering a supports 23980, 23900 and 23750

BNF finding a strong support around 23750……. Below the level expecting more pain

More live market update will be sent to my clients only

Updated: 08.21 am / 27th Oct 2020

26th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close: 11934.35

NiftyFuture was consolidated around 11920 to 11950 on Friday

Index gained 34 points while the Sensex climbed 127 points on Friday

We are in Oct month expiry week, So highly volatile will be expected

In Oct series index was made a low of 10857 on very first day of Oct series

But in last 10 days index was attempted five times at 12000 but did not sustain then seen selling pressure

However, Short sellers put the stop of 12030-12050……… Maybe will it break

On Friday Dow Jones closed 28 points lower and Nasdaq added 42 points higher

Covid-19 second wave starts on US. On Friday infections was peaked

Asian markets are at cautions and trading mixed trend

In India Covid-19 has been declining week-after-week which is strong support to the market

The active cases fell below 7 lakh for the first time in nearly two months

The recovery rate was stood around 90% on Friday against 88% on last week

FIIs net bought 13564 crore worth of stocks in cash segment in October month so far whereas DIIs net sold 15147 crore

SGXNifty indicate a flattish opening for the index and likely to witness volatile trade will be expected during the day

Today NiftyFuture is facing a intraday resistance at 11955, 11980 and 12015

Stay caution at higher levels……….. Suppose once if breaks 12015 and manages above the level

Expecting short covering…………..!!

Today NF can be considered as supports as 11915, 11890 and 11850

More live market update will be sent to my clients only

Updated: 08.37 am / 26th Oct 2020

26th Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 24537

BankniftyFuture was consolidated 24400 to 24600 on Friday

Today’s talk of the town is “Kotakbank take over Indusindbank”

But both banks are denied the news. But media playing

Today Kotakbank will declare earnings report

On this week Axisbank and Icicibank will be declaring results

On Sept month expiry week Banknifty was fell almost 7% within 4 sessions but entire Sept month was seen selling pressure

We are in Oct month expiry week. But Oct series Banknifty was made a low of 20431 on first day of Oct series and made a high of 24880 on last week

Today BankniftyFuture is facing a intraday resistance at 24650, 24760 and 24880

Above 2nd and 3rd resistance are crucial for today’s trade

Once if breaks and manages above 24880…….. Expecting further up trend…… to 25100+

Today BNF considering a supports 24450 and 24300

Below 24300……….. Finding a next support around 24050

More live market update will be sent to my clients only

Updated: 08.22 am / 26th Oct 2020

26th Oct 2020 Hot Stocks & Stocks To Watch

Last close: 7103.25

Auto stocks was bounced-back on Friday especially MARUTI climbed 4.3%

Company will declare earnings report on Thursday

Focus on auto stocks and buy on declines

Expected targets for Maruti 7180, 7265 and 7350

Supports 7022 and 6950

Last close: 1372.45

INDIGO finding a trend line resistance around 1390-1396

Close watch above levels, If crossover and manages above the level

Expecting further rally up to 1420+

Stock was range between 145 to 162 in last one month

If breaks either side will move further

Which stock ? Guess

Updated : 07.57 am / 26th Oct 2020

Dalal Street Week Ahead: Oct 5th Week: #NiftyFuture Weekly Trends

NiftyFuture last close: 11934.35

On last week NiftyFuture was shown strong performance and index rose 168 points (+1.43%) as well as Sensex rallied 700 points (+1.76%) during the 4th week of Oct

While the Mid-cap index and Smallcap index was surges 3% and 2.65% respectively

Except Wednesday and Thursday another three sessions NF was seen rage bound but Wednesday index was seen sudden fall up to 11766.75 from 12016 then bounced-back 11927

On Thursday index sustained around 11830 to 11930 but banknifty index was seen highly volatile

Easing virus risk, better earnings scorecard, and FIIs inflow boosted sentiment and index was climbed

FIIs net bought 13564 crore worth of stocks in cash segment in October month so far whereas DIIs net sold 15147 crore

Coming week more index companies will declare quarterly earnings Kotakabank, Bhartiartl, Tatamotors, Axisbank, DRL, Heromotoco, LT, Icicibank, Maruti, Reliance, Bpcl, Ioc, Marico, Upl, and Indusindbank

In India Covid-19 has been declining week-after-week which is strong support to the market

The active cases fell below 7 lakh for the first time in nearly two months

The recovery rate was stood around 90% on Friday against 88% on last week

US Presidential elections scheduled to be held on Nov 3

On USA, Covid 19 increases suddenly which hit at a record high in a single day on Friday

Till not yet passed stimulus packages. Maybe it will effect on coming week market

NiftyFuture weekly trend decider 12030 and 11765

NF has formed a small bullish candle on weekly chart and daily chart shown hanging-man pattern

Already I told, index was attempted 5 times around 12000 but unable to sustained above the level

In last 5 times index was touched 12k then was seen huge selling pressure and settled below 12k

In Oct 5th week………Major index company will be declaring earnings report and another big event monthly expiry. Hence expecting huge volatile on coming week

NiftyFuture is facing a weekly resistance at 12030, index once if breaks and manages above the level expecting huge short covering up to 12160 and 12275

On another hand, NF considering a weekly support at 11765 which was placed last week swing low.

If breaks and manages below 11765……… expecting next support around 11630 and 11550

So, the overall Open interest indicates that the coming week is likely to be more volatile.

Stay caution and take care!!

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Updated: 12.47 pm / 25th Oct 2020