Dalal Street Week Ahead December 1st Week

NiftyFuture last close: 13017.40

On last week NiftyFuture was some volatility and rangebound trade was seen although the Nifty hit 13000 and closed above the level

Nifty gained 0.85%, Sensex rallied 0.7% to close at 44180 during the week

Significant movement was seen Nifty Midcap index rallied 4% and Smallcap index rocked 6.2%

After market hours GDP date came -7.5% which was better than expected

 FIIs has pumped Rs 19064 crore in cash segment while DIIs has unwinding Rs 15674 crore in last week

Something went wrong in last Friday after 3 pm trade like all largecap stocks was fell almost intraday high to low like 2-3%. Britannia, Itc, Nestle, Hul, Tatamotors, Heromotoco, Colpal and Asianpaints

The market will first react to Q2 GDP data which at -7.5%

 While updating SGXNifty were trading around 12900 down 130-150 points due to global market seems selling pressure

Maruti, Heromotoco, Escorts, M&M, Ashokley, Eicher and Bajajauto will be focus on Tuesday as monthly volume sales data for Nov will be released by the company

RBI will be declaring interest rate decision on 04 Dec at 11.45 am.

I am expecting RBL to  hold the Cash Reserve Ratio and Reverse Repo Rates

Covid-19 recovery rate has stood at 98.7% and the active cases stood at 4.50 lakh

I think India remanins in a better position compared to the western world which has seen a sharp increase in infections in the second wave

NiftyFuture trend decider for Nov 1st week 12730 and 13140

NiftyFuture was formed small-bodied bearish candle on Friday and bulls strength was seen decreased compared to last week strength

This week NF facing a weekly resistance at 13140 which was placed at last week high

If crossover the level and closes above the level…….. Expecting next resistance 13370

But, I am expecting profit booking zone around 13000-13200

NF can be considered as weekly support at 12730 which has been placed at 10 days support

If breaks and manages below the level……….. Will try to check next support 12600 and 12500

Maybe bears will be dominate until 12500-12600

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Updated: 11.17 am / 30th Nov 2020

27th Nov 2020 #NiftyFuture Intraday Levels

NiftyFuture Nov last close; 12977.20

Dec last close: 13022.55

NiftyFuture rebounded sharply after a day of 1.5% correction and closed 1% gain

NF was opened at 12920 and melted up to 12785 then bulls comeback and dominated up to 12998……….

Day before yesterday bears dominated from 13130 to 12844

Yesterday bears occupied first 3 hrs then bulls occupied rest of hours from 12785 to 12998

The Nifty Nov expiry rollover is at 78.68% on Thursday compared to 77.45% on same day of previous expiry

The Nifty Nov rollover is higher than its Three months average of 76% and its six months average of 76.7%

Highest rollover in current expiry: Cement, Media, Pharma, Infrastructure and Telecom

Lowest rollover in current expiry: Automobile, Finance, Oil_Gas, Metals and Textile

FIIs bought 2027 crore in cash segment while DIIs sold 3400 crore

SGXNifty indicate a positive opening for the index and likely to witness consolidate will be expected during the day ahead of US markets off and Monday will be a holiday.

Today NiftyFuture is facing a intraday resistance at 13040, 13075 and 13100

Higher levels crucial resistance around 13130-13150……….Stay caution!!

If crossover the crucial level……….. We see more action!!

Today NF considering a supports 12980, 12955 and 12920

Below 12920……… Finding a next support around 12860

More live market update will be sent to my clients only

Updated: 09.06 am / 27th Nov 2020

27th Nov 2020 #BankniftyFuture Intraday Levels

BankniftyFuture Nov last close: 29534.35

Dec last close: 29589.55

What a volatile day on Nov 26 series expiry day

Sharp rebound and comeback of bulls from lows after one weakness session

Index opened at 29370 and was seen sharp sell-off upto 28923 then bounced-back to 29623

Ooops………….Very tough fight was seen bulls and bears

Banknifty December series closed with a premium of 50 points

The Banknifty Nov expiry rollover is at 79.35% on Thursday compared to 73.59% on same day of previous expiry

Hdfcbank, Icicibank, Kotakbank, Axisbank and Sbin did well

BankniftyFuture is facing a intraday resistance at 29680 and 29770

Once if breaks and sustains above 29770………. Then will try to check 29980 and 30200

But……….. 2nd and 3rd resistance are hurdle for today’s trade

Once if sustainable move above 30200 levels could negate this bearish pattern completely, which was placed day before top

Today’s Bankniftyfutre is considered as supports as 29470, 29380 and 29220

Below 29220……….. Finding a next support around 29000

More live market update will be sent to my clients only

Updated 08.30 am / 27th Nov 2020

27th Nov 2020 Hot Stocks and Stocks To Watch

Last close: 1952.60

RELIANCE has consolidated around 1920 to 1975 in last few sessions

I think…….. accumulated around the level and ready to blast anytime up to 2050 to 2100

If not close below 1895……….. No problem for bulls. Are you short term trader ?

Buy and hold with stop of 1895 closing basis

Last close: 596.90

CESC underperform stock in last three months and stock was consolidated around 577-610

Now stock came nearby trend line resistance 610

Close watch 610………… If breaks and manages above the level

Further up trend will be expected

Last close: 354.85

WIPRO another attractive stock for short term

Every declines can buy like 340-350

Short term target 375+

Today’s Guess stock

Stock came nearby recent top 1533

If crossover the level………. Looks good!!

Which stock ?? Guess

Updated: 08.10 am / 27th Nov 2020