07th Aug 2020 #NiftyFuture Intraday Levels

NiftyFuture last close:11199.50 (+0.7%)

It was a volatile Thursday and end of the day bulls managed to retain around 11200

NiftyFuture was opened at 11140 and sustained 11200 after policy NF rallied up to 11277 then again slipped up to 11120. Finally closed at 11199

Sensex rose 360 points and Nifty gained 98 points

NF has been gained consecutive third sessions

RBI has decided to keep the Repo Rate Unchanged at 4% but given positive commentary

Heavyweight stocks Reliance and Hdfc twins was seen sideways trade

US markets closed higher on Thursday. Dow Jones rose 185 points or 0.68%, S&P500 gained 22 points or 0.65% and Nasdaq spiked 110 point st 11108

Nasdaq index at 11108 just shortage of 80 points to cross Indian Nifty index

US weekly jobless claims hover at higher levels

Today some companies were set to declare earnings report M&M, Cipla, Siemens, Bataindia, Amarajabat, Beml, Recltd and MGL

FIIs bought 637 crore worth of stocks in cash segment whereas DIIs sold 468 crore

SGXNifty indicate a flat opening for the index and likely to witness sideways trade will be expected during the day

Today NiftyFuture is facing a intraday resistance at 11220, 11245 and 11280

If crossover 11280 and manages above the level, Will try to check next resistance at 11340 which is recent top and strong resistance.

Today NF considering a supports 11170, 11150 and 11110

Below 11110………. Finding a next support around 11065

More live market update will be sent to my clients only

Updated: 08.46 AM / 07th Aug 2020

07th Aug 2020 #BankniftyFuture Intraday Levels

BankniftyFuture last close: 21641.95 (+0.4%)

What a volatility on Thursday trade!!

RBI has decided to keep the Repo Rate Unchanged at 4% and gave some positive commentary which is deep rate cuts have also ensured faster transmission of the policy rates into the actual lending by banks. Helping the economy.

At present the overall excess liquidity is at over Rs 5 lakh crore

Yesterday sent selling alert and booked profit around 250 points

BNF was sustains 21500-21600 before the policy then after the policy BNF spiked up to 21969 then slipped up to 21500. Finally settled at 21641

Private banks was seen in green zone Icicibank gained 1.85%, Hdfcbank climbed 1.30% and Kotakbank up 0.5%

SBIN and Axisbank at marginal loss

Today BankniftyFuture is facing a 21750, 21830 and 22000

Seems a strong resistance around 22000 (Day before yesterday’s high)

Once if breaks and manages above 22000 will see further rally up to 22240

Stay caution at higher levels until the resistance zone.

Today BNF can be considering a supports 21530, 21450 and 21300

Below 21300…….. Further weakness expected up to 21000

More live market update will be sent to my clients only

Updated: 08.33 am / 07th Aug 2020

07th Aug 2020 Hot Stocks and Stocks To Watch

Last close: 606.15

HAVELLS has formed double top at 613 and stock finding a strong resistance at 613

Stock once if breaks and sustains above the level

Expecting further rally………. Will try to check 620, 626 and 635 for positional

Down side support at 603 and 597

Last close: 421.90

TVSMOTOR has broken recent top and closed above the level

Favored for bulls…… Buy on declines likes 410-415

Expecting rally up to 428 and 435

Supports 407 and 402

Last close: 2035

NIITTECH was rallied 6% on yesterday and bounced from four days range

Buy on decline likes 1980-2020

Expecting targets 2060, 2085 and 2120

Supports 1950

Last close: 117.05

TATAMOTORS was seen price action in last 4 sessions

Now…….. Stock came near by resistance zone

If breaks and holds above the level…… We see further rally

Will send alert to my clients during market hours!!

Updated: 08.09 AM / 07th Aug 2020

06th Aug 2020 #NiftyFuture Intraday Levels #RBIPolicy

NiftyFuture last close: 11118

What a volatility on yesterday’s trade

NF was opened at 11132 and went up to 11226 then dropped 11063. Finally settled at 11118.

Day before yesterday Reliance and Hdfcbank was very well…… NF rocked

Yesterday both stocks did not well………. NF was seen selling pressure!!

Today focus on RBI Policy!!……… Today again volatile day!!

US markets ended higher on Wednesday. Dow rose 309 points, S&P500 was up 18% and Nasdaq gained 33 points

Asian markets were mixed on Wednesday. Hong Kong at marginally higher, Nikkei at flat

Oil prices hit 5 month high. Brent crude up 1.75% at $45.17 a barrel

Gold surged through $2000/oz

Today some companies were set to declaring earnings report Lupin, HPCL, Adanient, Pidilitind, and Torntpower

FIIs sold 60 crore worth of stocks in cash segment whereas DIIs also sold 425 crore

SGXNifty indicate a positive opening for the index and likely to witness volatility trade will be expected during the day ahead of RBI Policy

Today NiftyFuture is facing a intraday resistance at 11145, 11170 and 11220

After policy if trades above 11220…….. We see further up trend to 11270

If anything wrong in RBIPolicy……….. Expecting more selling pressure from higher levels

Stay caution at higher levels!!……….

Today NF considering a supports 11100, 11075 and 11030

After policy if breaks and manages below 11030……… Bears have an upper hand to 10950

Better to trade after policy!!

More live market update will be sent to my clients only

Updated: 08.41 am / 06th Aug 2020

06th Aug 2020 #BankniftyFuture Intraday Levels. #RBIPolicy #RBI

BankniftyFuture last close: 21559

Again BankniftyFuture was seen selling pressure at higher levels

BNF has opened 21700 and went up to 21999.90 then dropped up to 21464. Finally closed at 21559

Hdfcbank not manages previous day’s gain and yesterday lost 1.5%

Axisbank not boosted QIP issue news….. Stock fell from intraday high

Icicibank consolidated around 350 range……. Stock gained marginally

Indusindbank and Kotakbank was almost flat with green

All banks waiting for RBI Policy decision……!!

Today RBI policy at 11.45 am

Million $ questions?……………..Is cut repo rate 0.25 bps or unchanged ?

Is extend Moratorium up to December or March 2021 ??… If extend bad news for banks

Ex RBI Governor Raghuram Rajan warns against extending loan moratorium recalls AP’s Microfinance crisis.

Let’s see Today’s technicals

Today BankniftyFuture is facing a intraday resistance at 21720, 21860 and 22150

Above three levels are very crucial resistance. After Policy

BNF if consolidated above 22150……. Then bulls will be dominating up to 22400

But………. Chances are remote only.

If rates unchanged and if extending moratorium………. Every rise to sell……..!!

Today BNF can be considering a supports 21420, 21260 and 21000

Below……….. 21000………………Expecting more and more pain!!

Better to trade after clear trend ( like after policy)

More live market update will be sent to my clients only

Updated: 08.17 am / 06th Aug 2020

06th Aug 2020 Hot Stocks and Stocks To Watch

Last close: 1318.20

BATAINDIA has bounced from recent fall and stock climbed 4.5%

Favored for bulls……. Buy on any decline for positional likes 1280-1300

Intraday resistance at 1334 and 1350. Positional targets 1380-1420

Strong support around 1250

Last close: 583.95

MCDOWELL-N was seen under performing in last 20 sessions

Now stock considering a strong support at 570

Buy on decline until 570…….. Targets 595 and 615

Suppose if breaks 570 and manages below the level

Expecting further weakness………

Last close: 970.10

TATAELXSI was seen violent movement between 930-980

Close watch above levels……. If breaks either side, We see more movement

Last close: 605.50

HAVELLS came near by recent range top

Stock if breaks and holds above the level

Expecting further rally up to 2% to 4%

What level will break ? Will send alert to my clients only

Updated: 06.38 AM / 06th Aug 2020