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

Dalal Street Week Ahead Nov 3rd Week : #NiftyFuture Weekly Analysis

NiftyFuture last close: 12788.90

What a fantastic long week at record closing high on Muhurat trading on 14th Nov

Nifty gained 517 points or 4.3% and Sensex surged 1745 points while Midcap and Smallcap indices rose 3.6% and 3.95% on last week

Indian markets extending gains for second consecutive week

On last week all index likes Healthcare, IT, Metals, Banking and Telecom index gained 3% to 7%

FIIS seems very bullish on Indian markets and their support was the major reason for indices to trade at record high

They have bought Rs 19750 crore worth of shares in last week and they bought net total Rs 33232.35 crore for this November month. This is the highest level since 2007.

Domestic institutional investors to book profits as they net sold Rs 20301 crore in Nov

WPI inflation data for Oct will be releases on Monday

Covid-19 cases declining week-after-week as the active infections at 4.88 lakhs against more than 10 lakh in couple of months back

The recovery rate was at 93.2%

Gland Pharma is expected to list on Friday after its IPO was subscribed just 2 times

Weekly Trend Decider 12480 and 12940

NiftyFuture ended the week at record closing high in the one hour muhurat trading on Saturday

On Friday index was formed a strong bullish candle and Saturday one hour trading index was formed a small bodied candle. In overall weekly scale was seen very strong

While updating SGXNifty were trading at 12850 and index up almost 75 points

On Nov 3rd week NiftyFuture is facing a weekly resistance at 12940

Once if breaks and manages above 12940 and rally will be expected 13050 and 13170

More possibility is there in this November series index will breach 13000.

But………. The bears are taking a rest in last 10 days Once they back……… will show more strength

However, NF is expected to act as a support at 12500

If close below 12500………. Then bears will be dominate the market

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Updated: 10.18 am / 16th Nov 2020

Dalal Street Week Ahead: November 2nd Week: #NiftyFuture Weekly Trend

NiftyFuture last close: 12261.45

What a fabulous week and Fire work was seen on last week

NiftyFuture claimed 620 points or 5.3%, Sensex rose 2279 points or  5.75% and Banknifty gained 12%

Last Monday NiftyFut was opened at 11683 and last Friday index ended at 12261

Just 1.4% away from All Time High levels seen in January this year

One of the big event was ended on Saturday tonight. Finally Biden declares victory

 FIIs pumping huge money in last week, they invested Rs 13399 crore in cash segment whereas DIIs sold 6789 crore

Biden is set to become the 46th president of the United States and Kamala Harris, who is of Indian origin has become the first-ever women Vice President elected of USA

Biden plans to increse H-1B visa limit on employment based visas which are expected to benefit tens of thousands of Indians gets benefit

Maybe IT and Pharma stocks were major benefit after Biden’s victory

Big bad news is….. US cases exceed 1 lakh for third straight day.

On Friday infections reached a record 126714 (Source: Bloomberg)

Again talk of the town is US stimulus package

In India Covid-19 active cases is 5,11,922 and recovery rate stood 92.5% while 1,25,000 were deaths

Bihar election result will be declared on Nov 10 Tuesday

Coming week important earnings to watch Tatasteel, Ongc, Gail, Hindalco, Apollohosp, Bharatforg, Bata, Jublfood, Irctc, Grasim, MGL, Suntv, PFC, IGL, and Lichsgfin

NiftyFuture weekly trend decider 12420 (ATH) and 11730

NiftyFuture has formed a strong bullish candle on weekly and daily charts

Index was closed above critical resistance 12000 on Thursday and followed by Friday index closed 12260

On November 2nd week, NiftyFuture is facing a strong resistance at all time high 12420

Once if breaks and manages above the level………. Rally will be expected up to 12550 and 12670

On other hand, NF considering a supports 12000, 11730 and 11500

Every declines can buy until 11500 closing basis!!

Don’t think to short at supports zone

Option traders: Every decline can buy CE option and sell PE option

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Updated: 10.17 am / 08th Nov 2020

Apollohosp chart update

While updating Apollohosp trading around 2120

Stock was made a one month high of 2333 and low of 2000

Not yet announced the earnings report date.

Technical chart indicates stock was consolidated around 2020 to 2150 in last 9 sessions

Stock once if comes every declines can buy and hold likes 2050-2100

Stock finding a strong support around 2000 until hold the position

Updated: 12.26 pm / 03rd Nov 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

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

Dalal Street Week Ahead: Oct 2nd Week Outlook

NiftyFuture last close: 11435.55 (+1.6%)

NiftyFuture was rallied 3.4% and the best weekly gain since May last week

Sensex rose 3.5% while the Midcap and Smallcap inde was surged around 3.2% respectively

Bank index was gained 5.8% and consumer durable index rose 5.5%

On last week rally was led by global cues and expectation of another round of stimulus from USA

Another positive news was “There is no fresh lock-down in any country”

In India, the rising of auto sales numbers in Sept month

Earning sessions will be starting on this week and first TCS will be declaring the results on 07th Oct

Tomorrow (05th Oct) Supreme Court’s decision on the interest waiver case

RBI will schedule MPC meeting on this week

In India Covid-19 deaths crossed 1 lakh and recovery rate stood at 84% previous week was placed at 82%. In world-wide best recovery rate in India

On the global side, US President Trump infected in Covid-19 and the situation will be closely monitored

After the news was Trump infected in Covid-19 global market was melted but slightly recovered in end of the session. SGXNifty closed with declined 40 points

NiftyFuture weekly trend decider 11620 and 11100

On Thursday, NiftyFuture was formed a bullish candle on the daily and weekly chart for the week ended on Oct 1

NiftyFuture is facing a weekly resistance 11525 and 11620 which was placed in latest swing high

Index finding a very strong resistance around 11620. Once if breaks and closes above the level, Expecting further rally up to 11800

NF can considered as weekly support as 11185 and 11090

Suppose if breaks and closes below 11090……… Finding a next supports 10930 and 10790 which was placed around 200 DMA

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Updated: 10.49 am / 04th Oct 2020