Dalal Street Week Ahead: #NiftyFuture Trend Decider For March 2nd Week

NiftyFuture last close: 14953.05 (-1%)

What  a terrible week!! NiftyFuture was made a smart comeback from previous week loss

Benchmark indices rising over 2.7% while Sensex added 2.6% to end at 50405

The broader markets outperformed with the Midcap gained 3.5% and the Smallcap indices added around 4%

Boosted strong macro economic data and strong sales report from autos in Feb so these factors lifted sentiment

Global markets worried about rising bond yields in last week

US 10 year bond yields rose to a new 1 year high on last week. Previous week bond yield was settled  at 1.4% and this week settled at 1.57%

FIIs bought net bought Rs 2200 crore of Indian equities in the week ended March 5 while DIIs sold Rs 2635 crore

On coming week, Industrial production data for the month of Jan and CPI inflation for Feb will be released on coming Friday and these factors will be impacting on following week

Easy Trip Planners will open public issue on March 8 at a price band of Rs 186-187 per share

The daily rise in new Covid-19 infections were recorded above 17,000 for the second consecutive day

Goldman Sachs raised Brent crude price forecast by $80 a barrel in the third quarter of this year

China exports surged in the first two months of the year, reflecting strong global demand for manufacturing goods. Exports jumped 60.6% in dollar in the Jan-Feb periods from a year earlier

This week (March 2nd week) NiftyFuture weekly trend decider 15320 and 14520

On last Friday US declared better than expected jobs data and US markets was surged nearly 2% while SGXNifty was up more than 100 points

Today China says, exports jumped 60.6% vs expected of 40%.

These above news is very boost for China market as well as global markets.

NiftyFuture will be opening more than 100-150 points gap up on tomorrow.

Let’s see technical levels,

This week only for 4 trading sessions (On 11th March holiday due to Mahasivatatri)

NiftyFuture is facing a resistance 15100, 15240 and 15320. Weekly strong resistance at 15320

If crossover and closes above 15320.  Then will try to check once again life time high

On another hand, NF is considering a supports 14860, 14775 and 14520

Weekly strong support at 14520 which was placed previous week low

Note these points: Stay caution around 15200-15350 and 14500-14650 that means avoid fresh buying at higher levels and don’t short at lower levels.

More live market update will be sent to my clients only

Updated: 01.28 pm / 07th March 2021

Dalal Street Week Ahead: #NiftyFuture Outlook For March 1st Week

NiftyFuture last close: 14578.45 (-3.5%)

Indian equity market witnessed strong profit booking in the second part of the week due to geopolitical tensions, rising bong yields, and rising Covid-19 virus cases

The Sensex fell 3.5% and Nifty50 declined 3% for the week ended Feb 26 while Small-cap index gained 1.4% and Midcap index dropped 0.3%

On 26th Feb game changer day and was seen all round selling pressure Nifty and Sensex dropped more than 3.5% while Bank index fell more than 4.5% in single day

Especially Financial stocks, Private banks, and PSU banks fell up to 5% on 26th Feb

The highest points declined in Indian indices since the 4th May 2020

On Friday after market hours came India’s GDP numbers which was slightly missed the expectations however, real estate and construction was seen strong growth on GDP data

Crude oil is also trading above $60 per barrel. If rise further price in crude it will impact more to Indian economy like automobile, aviation, logistics and paint company

Auto sales data will start in from 1st March and focus on auto stocks

On the macro economic data, Markit manufacturing PMI and export, import data will be scheduled on 1 March

Covid-19 cases rising in Maharastra, Kerala, Rajasthan and MP which is another trouble for market

FIIs huge unwinding of Rs 8295 crore value of stocks on 26 Feb however they bought Rs 42044 crore in Feb month (including block deal of Rs 30,000cr) so deduct block deal they contribute net Rs 12044 crore in Feb month

DIIs bought Rs 1499 crore on 26th Feb and they net sold Rs 16358 crore in Feb month

NiftyFuture Trend Decider For The 1st Week Of March: 14480 and 15000

NiftyFuture has formed a strong bearish candle on daily charts as well as weekly chart

NF has breached its recent swing low of 14640 on a closing basis

As per technical chart, NF facing a resistance 14750, 14870 and 15000, these last two resistance will act stiff hurdle on coming week

If comes above levels can unwind your positions and can do fresh shorts!!

On other hand, NF considering a supports is 14480 which was 2nd days of Budget low

NF if breaks and closed below the level (14480), expecting further non stop weakness up to 14200 and 13700

Next strong support around 13700 which was Budget day low

(Traders……… Don’t forget my point: Sell on rise, avoid fresh buying at higher levels, NF if breaks support expecting further weakness.)

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Updated: 10.22 am / 28th Feb 2021

Dalal Street Week Ahead: NiftyFuture Trend Decider For Feb 4th Week

NiftyFuture Last Close: 14987

NiftyFuture was made a record high of 15430 on 16th Feb then slipped more than 2% from week high to low

NiftyFuture have been ending in the red for the last four consecutive sessions

NiftyFuture lost 1.3% in the week ended Feb 19 while Midcap and Smallcap outperformed in the last with gains of 0.6% and 1.2% respectively. Sensex breached 51000 levels at slipped 1.2%

BankniftyFuture was made a record high of 37770 then slipped more than 2000 points from week high to low and finally settled at 35850 and declined 0.8% in the week ended Feb 19

FIIs has reduced the the buying power in last few sessions and they decreased f&O long positions in last week

However, FIIs net bought 23874 crore worth of stocks in cash segment in Feb so far while DIIs continued to profit booking and they sold 16638 crore in same period

Global cues will continue dominating market sentiment

Market will be reacting sudden spike in Covid-19 in some parts of the country like Kerala, Maharastra, Punjap and Chattisgarh have recorded an upsurge in daily new cases of Covid-19

One more thing source from Bloomberg, Russia reports first cases of H5N8 Bird Flu in humans. Wait and see what will happen on coming days ?

The market would track rising inflation like Petrol prices touched Rs 100 in many of states and it will impact on coming inflation data

GDP data for the third quarter is to be released towards the end of the week, It will be reflect on next week only

RailTel was subscribed 42.4 times and likely to commence trading in equity shares on Feb 26

NiftyFuture Trend Decider For The Last Week Of Feb is 14860 and 15400

After long period NiftyFuture formed a bearish engulfing candle on the weekly chart while formed a big bearish candle on daily charts

NF formed a lower lows and lower highs it’s completely opposite side on previous week which was indicated sell on rise pattern

Let’s see technical levels, NiftyFuture is facing a resistance should be 15150, 15260 and 15400 (Weekly resistance)

Above three resistance are very very crucial…… If anybody want to sell keep stop of above levels.

(Do you know ?  In my youtube video about Nifty prediction on 2021, I told 2nd resistance of Nifty at 15500 on 1st week of Jan 2021. Nifty recent high was 15431)

On another hand, NiftyFuture can be considered as supports as 14860. If breaks and closes below the level

Expecting further weakness up to 14700 and 14550

More live market update will be sent to my clients only

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Updated: 10.19 am / 21st Feb 2021

Chart Update: VEDL

While updating VEDL were trading @ 190.60, marked a high of 192.95 and low of 184.10

As per technical chart, Stock finding double top resistance at 190

Today stock broken 190 and manages above the level

If closes above 190 expecting further rally 200+

Stock finding a supports 180-184

Updated: 12.38 pm / 16th Feb 2021

Dalal Street Week Ahead: #NiftyFuture Trend Decider For 3rd Week Of Feb

NiftyFuture last close: 15161.45

After the big move in previous week, market witnessed consolidation in the last week

However, Nifty hit a fresh record high and gained 1.6% in week ended 12 Feb

Sensex was rallied 812 points to 51544 and Midcap index rose 2 % while Smallcap index up 3.80%

India VIX fell more than 8% in last week, Its good for option writers

The major of the corporate earnings report is out  of the way and supported to lift the markets

FIIs continued to pumped money into Indian markets, FIIs net bought 19466.41 crore value of stocks in cash segment Feb so far

On other hand DIIs continued to profit booking they net sold 10354 crore in mean time

The Wholesale Price Inflation data for Jan will be released on Monday

Brent crude closed above $62 a barrel, Negative news for Indian equities

On coming week Nestle, Ambujacem, Jetairways and BinaniInd will be declaring earnings report

Two IPO will open on coming week, Nureca will open on Feb 15, price band for the offer has been fixed at Rs 396-400 per share

RailTel corporation of India will open for subscription of Feb 16, The price is fixed at Rs 93-94 per share and offer will close on Feb 18

Brookfield maybe will list on Feb 17

NiftyFuture Trend Decider For The 3rd Week Of Feb: 14985 and 15265

NiftyFuture has formed a small bodied bullish candle on weekly charts which indicates consolidation with up trend

As per my technical charts says, NiftyFuture is facing a weekly resistance at 15265 which was last high swing high.

Once if breaks and closes above the level further rally will be expected up to 15370 and 15500. Advise to all book profits if NiftyFuture enters this last resistance zone.

On the other side, NF considering a weekly support at 14985, Once if breaks and closes below the level…….expecting more profit booking up to 14850, 14720 and 14600

More live market update will be sent to my clients only

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For free stock advice follow my telegram channel https://t.me/FlyingcallsArjun

Updated: 10.06 am / 14th Feb 2021

HDFCLIFE Chart Update

While updating HDFCLIFE were trading at 702

Stock market-cap 142400 crore, Face value : 10, Book value 33.67, Promotor holding 58.87%, FIIs holding 24.85%, Public and retails 9.15%, 7.1% respectively

As per technical chart, Stock was sustained around 665 to 730 in last 2 months

Now, Can buy if there is any declines and hold target of 800-850 for 3-6 months period

Stock considering supports 660 and 615

Updated: 12.03 pm / 09th Feb 2021

Dalal Street Week Ahead: #NiftyFuture Trend Decider For Feb 2nd Week 2021

NiftyFuture last close: 14930.65

What a amazing week and Indian market was seen biggest ever weekly gains more than 9% in benchmark index

On Feb 1st Finance Minister submitted a growth-oriented Budget with no new taxes which was helped to lift the markets

The another news companies declared the strong earnings report, Global cues and FIIs turned to buying. This all factors boosted the market sentiment

Nifty finally crossed the magical figure 15000 gained 1290 points (+9.5%) while Sensex rose 4450 points (+9.6%) to the week ended

Especially Banknifty index rose more than 16% and biggest gainer in last week however PSU bank index gained 25% while Midcap index gained 7.25% and Smallcap index rallied 6.4%

Biggest gain was seen SBIN and ITC. SBIN announced big result while ITC rallied 15% were Budget didn’t propose in tax for cigarettes which contribute 40-45% to the company’s revenue

On coming week major companies will declare the earnings reports likes Bpcl, ITC, Auropharma, Titan, Hindalco, Gail, Acc, Coalindia, Grasim, Suntv, Bergepaint, Muthootfin, Powergrid and Ongc

Macro economic date industrial production for Dec and CPI inflation for Jan that will be released on Feb 12

FIIs pumped more than 13500 crore in the week ended Feb and other hand DIIs continues to book profits as they sold Rs 4700 crore in the last week

The volatility index has sustained around 23 to 25 levels during the week

NiftyFuture gained 0.2% on Feb 5 and rallied more than 9% for the week

NF has formed a bullish candle on the weekly charts and formed small bodied bullish candle on daily charts which indicates some consolidation on daily but overall the view favour the bulls

NF considering the weekly trend decider 14480 and 15030

(Do you know ? Before budget week I did mention my support trend decider 14250. After broken 14250 fell up to 13670. Then in budget week I did mention resistance trend decider 14250. After broken 14250 rallied 15000)

Now, NF is facing a weekly resistance at 15030. Once if breaks and closes above the level rally will be continue up to 15230 and 15400 which is Fibonacci resistance.

On other side NF will take immediate support is placed at 14730, 14600 and 14480

Major support at 14480 which is indicated last 4 session’s low

Overall view…….. Favored for bulls…… If there is any declines can buy!!

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Updated: 02.19 pm / 07th Feb 2021

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.

More live market update will be sent to my clients only

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Updated: 11.01 am / 31st Jan 2021

Dalal Street Week Ahead: #NiftyFuture Trend Decider For 4th Week Of January

NiftyFuture last close: 14380.15

What a terrible week!!

NF was started a disappointing to the week on Monday 18th Jan and NF made a low of 14250 and Thursday NF was made a fresh record high at 14765 but profit booking pressured the market in final sessions of the week ended Jan 22

Nifty50 lost 62 points at 14372 while the Sensex fell 156 points and settled at 48878 after hitting a fresh record highs above 50000 mark

Midcap index fell 0.7% and the smallcap index was down 1.4% for the week ended Jan 22

Auto stocks performed very well while banking stocks was seen selling pressure

India VIX sustained around 24……. Maybe this week will cross 27-30 ahead of Budget

Reliance, India’s largest company by market capitalisation has reported a 40.5% growth in consolidated profit at Rs 14894 crore for the Qtr ended Dec 31, 2020

First market will be reacting Reliance and Ultrateccem delivered a above expectation earnings report

On coming week major Nifty50 stocks which are going to announce their quarterly results Kotakbank, LT, Axisbank, HUL, Maruti, Cipla, Drreddy, Tatamotors, Techm, VEDL, Lupin and Icicibank

FOMC will meet for the first time after the formation of new govt on Wednesday

The market will keep reacting to the wide expectations about the upcoming Budget 2021-2022

FIIs has turned to selling mode on week ended Friday they sold 636 crore however they net bought 21000 crore in the month of Jan so far

On other hand DIIs continues to book profits as they net sold above 15500 crore in Jan so far

NiftyFuture fell 1.5% on Friday and formed a bearish candle on the daily chart while the week index was down 0.5% and formed small bodied bearish candle

However, I am expecting further volatility can be possible in the coming week ahead of expectations of union Budget 2021-2022 and Jan monthly expiry

NiftyFuture trend decider for the 4th week of Jan at 14760 and 14250

Now, NiftyFuture can be considered as strong support as 14250 which was indicated on last week low

Suppose NF once if breaks and manages below the level, Expecting further weakness up to 14070 and 13960

On another hand, NF is facing weekly resistance 14535, 14640 and 14760

Above three resistance are crucial and hurdle for the coming week

Incase NF if hold above 14760………. Then try to check 14900 but chances are remote only.

More live market update will be sent to my clients only

For free stock advice follow my telegram channel https://t.me/FlyingcallsArjun

Send one “HAI” message to above whatsapp number. You will get market alert and pre-market report on your mobile

Updated: 10.15 am / 24th Jan 2021

#Reliance Chart Update: Company reported expectation result. Resistance and Strong Supports ?

Last close: 2049.60 (-2.4%)

Reliance, India’s largest company by market capitalisation has reported a 40.5% growth in consolidated profit at Rs 14894 crore for the Qtr ended Dec 31, 2020

Consolidated revenue for the quarter increased 6.7% QoQ to Rs 1,23,997 crore

Mukesh Ambani said that Reliance adding more then 50000 employee since March 2020

Reliance Jio: ARPU (Average Revenue Per User) in Q3, 2020 at Rs 151 per subscriber per month against Rs 145 in the previous qtr with net addition at 5.2 million customers during the period. Total customer base stood at 410.8 million as of Dec 2020

Reliance Retail : Retail profit surged 54% sequentially at Rs 3087 crore but revenue from operations declined 9.7% QoQ

However, Reliance was fell 11% from Oct high during the quarter ended Dec 31, 2020 while stock was climbed 12% from quarter low in same period.

Let’s see technical views

On 22 Jan 2021, Stock was declined 2.4% and settled at 2049.60

Company declared earnings report on post market hours, it will react on Monday opening bell and result was met on street expectations

As per technical, Reliance is facing resistance at 2085 and 2120

Stock if crossover and closes above 2120…….. Further rally will be expected up to 2200 and 2275+

Reliance considering a supports 2035, and 1990. Suppose stock if failed to take support around 1990 then weakness will be expected up to 1900

If there is any declines can buy and hold until 1900 closing basis stop-loss and expecting positional targets 2200+

More update will be sent to my clients only

Updated: 12.50 pm / 23rd Jan 2021