Dalal Street Week Ahead : NiftyFuture Trend Decider For 3rd Week Of Jan 2021

NiftyFuture last close: 14458.50

What a week for Indian markets where the Sensex inched closer towards 50000 while the Nifty climbed 14650

But, Sensex unable to cross 50k and made a high was 49795

Nifty closed the week gains of 0.6% while the Sensex climbed 0.5% but the smallcap and midcap index were down more than 1.25% each

On last week TCS, Infy, Hcltech and Wipro has declared earnings report and was seen profit booking on IT stocks

On past three sessions index was struggled around 14550-14650 range, some signals was showing weakness like FIIs reduced buying value, reduced longs in f&o segment and many nifty50 stocks was seen selling pressure like Asianpaint, Nestle, Bajaj twins, Finance stocks

HDFCBANK reported strong earning on Jan 16. The bank earned a net profit of Rs 8758 crore for the qtr ended Dec 2020, an increased of 18.1%  and beat street expectations

Hdfcbank will be reacting on Monday opening bell while SGXNifty was closed 60 points down on Friday

Positive news is the world’s largest vaccination program has strated across the country on Jan 16

On 20th Jan Bajaj twins, 21st Asianpaints, Bajajauto, and 22nd Jswsteel, Hdfclife and heavy weight giant Reliance were set to declare earnings report

FIIs net bought 16901 crore worth of stocks in cash segment Jan so far while DIIs net sold Rs 12323 crore

On global side, Virus cases are surged in Europe country as well as China also and fresh lock-down announced in many parts of these country. US markets was struggled in past two sessions and was seen negative sentiment

Joe Biden will take oath as the President of United States on Jan 20 while he already unveiled $1.9 trillion stimulus plan last week

NiftyFuture has formed a bearish candle on daily chart and formed dragon fly doji kind of pattern on weekly chart which indicated NF was closed at 14370 on previous week (Jan 1st week) and NF was made a low of 14375 on last week (Jan 2nd week)

The volatility seen in the last week may continue in the coming week. On Monday first market will react to Hdfcbank earnings announced on yesterday

Now, NiftyFuture weekly trend decider at 14370 and 14660

NF once if breaks and closed below 14370, Further weakness will be expected up to 14250 and 14070

NF considering major support around 14070 if closes below 14370

NF is facing a weekly resistance 14570 and major hurdle for the NF 14660. If crossover 14660 expecting further strength, but I don’t expect the Nifty will move 14660 in coming week

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Updated: 09.45 am / 17th Jan 2021

15th Jan 2021 #NiftyFuture Intraday Levels

NiftyFuture last close: 14628.10

 NiftyFuture started on a weak note on 14th Jan tracking weak global cues

But, NF closed in the green with the bulls taking control and index closed +0.2%

NF was opened at 14580 then slipped up to 14504.60 then surged and made a high of 14643.75

But unable to cross previous day’s high 14660.

Sensex closed 91 points higher at 49584 while the Nifty50 was up 30 points at 14595

Action was seen in healthcare, fmcg and Oil & gas

Profit booking visible metals, banks and consumer durables

US markets closed lower on Thursday

Dow Jones fell 68 points, and Nasdaq dropped 17 points

Asian markets were set to mixed trend

Europe markets ended higher on Thursday hopes vaccine sentiment

Today Hcltech, L&T Fin, Pvr will set to declare earning report

FIIs net bought 1076 crore value of cash segment while DIIs sold 188 crore

SGXNifty indicate a lower opening for the index and expecting consolidate trade during the day

NiftyFuture formed a small bodied bullish candle on a daily and NF has formed a good base near 14470 to 14510.

NF considering a intraday supports 14580, 14550 and 14500. Close watch at 14470 for closing basis!!

Today NF is facing a intraday resistance at 14640 and 14665

If crossover 14665 then will try to move 14710+

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Updated: 09.04 am / 15th Jan 2021

15th Jan 2021 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 32647.80

BankniftyFuture was seen consolidated trade on 14 Jan

There is no surprising on weekly expiry

PSU banks shining in past few days

Hdfcbank will set to declare earnings report on tomorrow 16th Jan

Kotakbank seems weakness on past few sessions

BankniftyFuture is facing a intraday resistance at 32720, 32880 and 33050

Above 2nd and 3rd resistance are hurdle for today’s trade…… Stay caution at higher levels

BNF considering a supports 32590, 32470 and 32300

Below 32300……. Finding a next support around 32000

Don’t short at very lower levels!!

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Updated: 08.55 am / 15th Jan 2021

15th Jan 2021 Hot Stocks and Stocks To Watch

Last close: 503.45

CADILAHC has broken recent trend line resistance and closed above the level

Favored for bulls, If there is any declines likes supports 494-498 can buy

Expected rally up to 515+

Intraday support at 490 and positional support at 480

Last close: 4877.35

Bajajfinance has formed lower lows formation in past more than 10 sessions

Company will set to declare earnings report on next week

Now, Stock finding a support zone around 4820-4830. If not takes support

Expecting further weakness!!

Last close: 426.70

BPCL has broken strong resistance on day before yesterday

Stock was seen bulls action on yesterday…….. If there is any declines can buy

Expected targets 437 and 450

Supports 420 and 411

Today’s guess stock

Stock formed a triple top at 123.50

If breaks and manages above the level

Expecting further rally up to 126+………… Which stock ? Guess

Updated: 08.21 am / 15th Jan 2021