13th Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 23766.95 (-0.6%)

BankniftyFuture snapped after consecutive seven winning streak

Index was opened at 23935 and went up to 24217 then slipped 23588.40 finally closed at 23766.95

BNF was seen huge volatility on entire day

Options premium did not fall & Trouble for option sellers

Like Banknifty ATM strike 23700CE and PE both value was 735. Too much premium was there. In fact normally ATM strike on Monday maybe close around 530.

Hdfcbank was seen selling pressure on yesterday’s trade

Today BankniftyFuture is facing a intraday resistance at 23835 and 23960

Once if breaks and manages above  23960……… Then will try to check 24150-24300

But, Stay caution at higher levels…………

Today Bankniftyfuture can be considered as supports as 23650, 23590, and  23430

Below 23430……….. Try to check 23200. But don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.21 am / 13th Oct 2020

12th Oct 2020 #NiftyFuture Intraday Levels

NiftyFuture last close:  11929.80

On Friday NiftyFuture was opened at 11865 and made a low of 11815 then went up to 11949.95

Do you know? Friday I did mention NF support at 11820 and Resistance at 11950

Index was marked a bottom and top level what I did mention levels

NiftyFuture continued uptrend for the second consecutive week ended Oct 9

On 18th Sept to 24th Sept Nifty was fell from 11600 to 10800 in just 5 sessions

On 25th Sept to so far (09th Oct)Index was rallied from 10800 to 11950 in just 10 sessions index spiked 1150 points

Today Wipro will be declaring result and buyback news also there

After market hours GST press release, IIP data and CPI inflation there

Without Reliance support Index was rallied 1150 points. Suppose Reliance, SBIN, ITC, and HUL if support Nifty will hit all time high 12430

US markets rose on Friday and Nasdaq hit their biggest weekly gains since July

Dow rose 160 points, S&P 500 gained 30 points and Nasdaq added 160 points

Asian markets were set to mixed trend on Monday

SC is scheduled to hear the loan moratorium case on Oct 13 which is very crucial for banking stocks

FIIS sold 39 crore worth of stocks in cash segment whereas DIIs bought 126 crore

SGXNifty indicate a positive opening for the index and likely to witness volatile will be expected during the day ahead of Moratorium case

Today NiftyFuture is facing a intraday resistance at 11965, 11985 and 12020

Once if breaks and manages above 12020 finding a next resistance 12070 and 12110

NF considering a supports 11925, 11905 and 11885

Below 11885………….. Will try to check 11845

More live market update will be sent to my clients only

Updated: 08.48 am / 12th Oct 2020

12th Oct 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 23903.15 (+3.1%)

BankniftyFuture was outperformed in last 10 sessions

Index was climbed almost 3600 points from 25th Sept low to 09th Oct

On Friday, After RBI policy BNF rocked up to 23965 from 23500

HDFCBank was gained 22% from last 10 days

SBIN seems underperform in last 10 days

Icicibank, Axisbank, Kotakbank and Indusindbank was seen significant rally

SGXNifty indicate a positive opening for the index and followed by bank index also

Today BankniftyFuture is facing a intraday resistance at 24050, 24150 and 24350

Once if breaks and holds above 24350 expecting more rally up to 24550

Today BNF can be considered as supports as 23800, 23750 and 23600

Don’t short at very lower levels

More live market update will be sent to my clients only

Updated: 08.35 am / 12th Oct 2020

12th Oct 2020 Hot Stocks and Stocks To Watch

Last close: 1106.80

INFY will be declaring earnings report on 14th Oct

Overall IT stocks looks very good…….. Infy buy on declines

Expected rally up to 1120, 1135 and 1148+

Supports 1100 and 1088

Last close: 374

Street of the talk WIPRO buyback

In last five sessions stock was rallied from 310 to 375

If comes good earnings figure and if buyback above 400…… Maybe rally will be continue up to 400+

Otherwise…… expecting profit booking!!

Today guess stock

Stock trading near by trend line resistance at 139

Stock if breaks and manages above the level

Expecting further rally

Which stock ? Guess

Updated: 08.09 am / 12th Oct 2020

Dalal Street Week Ahead: Oct 3rd Week Outlook

NiftyFuture last close: 11929.80

NiftyFuture continued uptrend for the second consecutive week ended Oct 9

Nifty was gained almost 500 points in last week (+4.4%) the highest closing level since Feb 20

While the SENSEX was rallied 1815 points or 4.70% but Midcap index fell 0.3% and Small cap index almost in flat note

On 18th Sept to 24th Sept Nifty was fell from 11600 to 10800 in just 5 sessions

On 25th Sept to so far (09th Oct)Index was rallied from 10800 to 11950 in just 10 sessions index spiked 1150 points……. Awesome!!

In last week not heard any negative news from the street and positive news was, Strong start the Sept earnings session in TCS, Good Auto sales data, Positive commentary on RBI and Stimulus hopes in USA

Coming week (Oct 3rd week) focus on IT stocks Wipro, Infy, Mindtree and HCLTech

Overall IT stocks was seen strong rally in last week and rally will be continued on coming week also

SC is scheduled to hear the loan moratorium case on Oct 13 which is very crucial for banking stocks

Covid-19 recovery rate stood at 85.8% this weekend. This is very positive news for India

On Monday IIP data and CPI inflation will be released while WPI inflation will be released on Wednesday

NiftyFuture weekly trend decider 11795 and 12160

NiftyFuture has formed a bullish candle on daily and weekly chart which is indicated a positive trend

Index is facing a weekly resistance at 12160 which is placed at Feb 20th top trend line

Once if breaks and manages above the level…….. Rally will be continued 12260 and 12420 (All time high)

In overall this is not a healthy market………. Hence stay caution at higher levels!!

NF can be considered as weekly support as 11795. If breaks and closes below the levels

Finding a next supports 11630, 11550 and 11450 which is placed a weekly low

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Updated: 05.19 pm / 11th Oct 2020