Dalal Street Week Ahead: #NiftyFuture Trend Decider For Feb 1st Week: #Budget2021 Special

NiftyFuture last close: 13709.10

The Indian markets tanked more than 5% in the week ended Jan 29, not even Indian market global markets also fell more than 3% to 6%, which was biggest fall since March 2020

Nifty50 tanked 5.14% while Sensex fell 2593 points or 5.31%. Midcap index declined 3.5% and Smallcap index was down more than 2%

BankniftyFuture was consolidated and slipped almost 1% despite Nifty was down 5%

Axisbank, Icicibank, Indusindbank and Kotakbank was sustained with not seen major fall

On overall top stocks was Tvsmotor, Cumminsind, Bajajauto gained over 7% to 10%, Colpal gained 4.5% which was announced better than expected earnings

On top losers Maruti, Tatamotors, Rblbank and Tatachem was dropped 7-12% on last week

In the coming week the big event of the year Union Budget will be presented on Feb 1

The expectations are very high due to country faced Covid-19 pandemic. After the pandemic first budget to be present on tomorrow

The focus on Healthcare, Agriculture, MSMEs and Infrastructure to watch out for in the budget

RBI policy on 5th Feb, Maybe repo rate is expected to remain unchanged at 4%

FIIs turned to selling mode with aggressively for the first time since Sept 2020, they sold Rs 12096 crore in the week ended Jan 29

On other side DIIs turned to buying mode on the weekly basis for the first time in the last four months, they net bought Rs 3788 crore in the week ended Jan 29

Automobile companies will release their Jan sales numbers on Feb 1

On coming week, Hdfc, Bhartiartl, Hindpetro, SBI, Britannia, M&M, Heromotoco, and Divislab will release their earning reports

Icicibank has reported good earnings report on Saturday. Will be focus on Monday

NiftyFuture weekly trend decider for the 1st week of Feb is 13640 and 14200

NiftyFuture fell more than 0.8% on Friday and lost over more than 5% for the week and NF has formed a bearish candle on daily charts as well as weekly chart which was indicated market turned to bearish bias before budget

 As per technical analysis, the short term of market continues to be weak but trend will be decide on tomorrow budget

In my view, If there is any positive announcement ( if reduce tax for LTCG or other taxes for stock market) rally will be continue up to 14000 to 14200

If there is nothing like flat, the volatile with profit booking will be continue up to 14000 to 13200

If there is any negative news for stock market like if increase any taxes expecting big fall

However, So many Budget strategies came in social media, But I advice to all better to stay away on Feb 1.  Patience is the equivalent of making a profit

Let’s see technical analysis!!

NiftyFuture finding a weekly support at 13640 after budget speech NF if sustains below the level

Expecting more selling pressure and will try to check next supports 13400 and 13150 for weekly basis

NF is facing a weekly resistance 14000 and major resistance at 14200 (Do you know ?on last week I did mention my weekly support at 14250) Last week support now this week resistance.

Suppose if closes above 14200…….. Rally will be expecting up to 14450-14550.

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Updated: 11.01 am / 31st Jan 2021

#BankniftyFuture booked 300 points profit per lot. Whatsapp snapshot

Recommended selling alert BankniftyFuture around 30700-30730 Target 30450 30350 SL 30900.05

After my alert BNF sustained around 30600-30680 then dropped up to 30291

Achieved my given all targets!!…… I sent message to my clients Book full profit at 30400

Booked 300 points profit per lot!!

Click here check my packages 

Updated: 12.04 pm / 29th Jan 2021

29th Jan 2021 #NiftyFuture Intraday Levels and Pre-market report

NiftyFuture Jan last close: 13813.50 (-1.2%)

Feb last close: 13844.40 (-1.3%)

Indian market tanked for the fifth consecutive day on Jan 28

In last 5 sessions Nifty fell more than 1000 points

Sensex fell by more than 500 points while Nifty50 dropped 150 points on the F&O expiry day

Hdfcbank, Reliance, and Hdfc contribute to dragged Nifty

Options premium is too high ahead of the Budget 2021

This correction is expected and this is the healthy market hence, don’t panic

FII bought 1.45 Lakh Cr since November 2020 and Nifty added more than 3000 points

They sold less than 5,000 Cr in last few days and Nifty fell a 1000 point

DIIs supported and they bought 1736 crore in cash segment while FIIs sold 3712 crore in cash segment on Jan 28

US markets closed higher on Thursday and bounced from sharp losses in the prior session

Dow rose 300 points, S&P500 gained 37 points and Nasdaq gained 67 points

Asian markets were set to higher on Friday after the US markets rallied

Today Economic survey to be tabled today

Today result stocks are Cipla, Dabur, Dlf, Drreddy, Exide, Tatamotors, Sunpharma, Techm, VEDL, Lichsgfin and Manappuramfin

SGXNifty indicate a positive opening for the index and likely witness choppy trade will be expected during the day

Today NiftyFuture is facing a intraday resistance 13880 and 13940

If sustains above 13940 minimum 30 minutes then will try to move 14000

But………Stay caution at higher levels.

Today NF considering a supports 13830, 13800 and 13770

Below 13770………… Then will check 13720-13680

Don’t short at very lower levels!!

More live market update will be sent to my clients only

Updated: 08.40 am / 29th Jan 2021

29th Jan 2021 #BankniftyFuture Intraday Levels

BankniftyFuture Jan last close: 30306.75

Feb last close: 30364.70

What a volatile day. In last 30 minutes BankniftyFuture surged more than 400 points

Maybe option seller having huge trouble on yesterday

However, Banknifty was closed almost 100 points positive note which was helped Axisbank and Icicibank to lift the index

Hdfcbank was seen huge selling pressure and stock declined 2.7%

In past 4 sessions Banknifty fell 3100 points from recent high to yesterday’s low

SGXNifty indicate a positive opening for the index and followed by banknifty will open positive note but volatility will be continued

Today BankniftyFuture is facing a intraday resistance at 30525, 30650 and 30800

Above 2nd and 3rd resistance are crucial………. Sell on rise!!…… Avoid fresh buying at higher levels!!

Today BNF can be considering a supports 30230, 30100 and 29930

Below 29930……. will try to check 29650-29500

Don’t short at deep lows!!

More live market update will be sent to my clients only

Updated: 08.04 am / 29th Jan 2021