DAILY MARKET ANALYSIS ( 01/11/2018 )


The market is in a downtrend, Bulls are trying hard for a comeback in the game; yesterday both Nifty & Banknifty has given strong buying momentum & ended up with a Bullish pattern for an upside breakout.

For the day on Nifty Future (NF) front, 10200 is a strong Support AND 10440 is mild Resistance. Although after a gap up opening Bulls are not able to hold strong but market breadth is positive.

For the day on Banknifty Future (BNF), 24700 is strong support & no nearby Resistance visible. Public Bank Index is giving the mild support to Banknifty.

For the day heavy Buying/Selling is a must avoidable in both NF & BNF as no free run for both bears/bulls.

 In our last posts, we have clearly mentioned about the breakout, which happened yesterday but does not look much convincing.


DAILY MARKET ANALYSIS ( 31/10/2018 )


The market is in a downtrend, Bulls are trying hard for a comeback in the game, yesterday both Nifty & Banknifty were not able to retain the momentum created by Bulls on Monday, very high possibility of a strong base formation in this week 

For the day on Nifty Future (NF) front, 10030 is a strong Support AND 10310 is strong Resistance.

For the day on Banknifty Future (BNF), 24300 is strong support & 25200 is strong Resistance. Private Bank Index is giving the jolt to Banknifty.

For the day Buying is a must avoidable at higher levels in both NF & BNF as no free run for bulls.

 

In our last posts we have clearly mentioned about the consolidation before any strong Breakout for upside & now it’s happening for 4 days.



DAILY MARKET ANALYSIS ( 30/10/2018 )


The market is in a downtrend, Bulls are trying hard for a comeback in the game & yesterday both Nifty & Banknifty closed with Solid Bullish Pattern & very high possibility of a strong base formation in this week 

 For the day on Nifty Future (NF) front, 10090 is a strong Support AND 10310 is the mild Resistance.

For the day on Banknifty Future (BNF), 24600 is strong support & no nearby Resistance is visible on BNF. PSU Bank Index is giving required boost to Banknifty.

 For the day Selling is a must avoidable in both NF & BNF as no free run for bears.

If we look at the overall market, before starting a Positional Trade there should be some sort of base must be there but here it’s a random bulls entry which is not going as per normal market conviction.



DAILY MARKET ANALYSIS ( 26/10/2018 )


 

The market is in a downtrend; Both Nifty & Banknifty are getting sold at every major Rise. The index hit a fresh seven-month low during the day but managed to show some recovery in later part of the session to close above 10,100 levels. It made a small bodied bearish candle on the daily charts, which resembles a ‘Doji’ kind of pattern.

 

For the day on Nifty Future (NF) front, 10100 is a strong support AND 10300 is very strong Resistance.

For the day on Banknifty Future (BNF), 24700 looks mild support & AND 25400 is very strong Resistance on BNF. ICICI Bank is likely to report a steep decline in the second quarter profit due to elevated provisions and weak treasury income, yet loan growth could support net interest income. Asset quality is expected to be stable with lower slippages and watchlist at the end of the September quarter, might be a weak point for the day on Banknifty.

 For the day Selling is a must avoidable in both NF & BNF after 0.7% decline, on NF front high possibility of visiting 10100-10080 range.



DAILY MARKET ANALYSIS ( 25/10/2018 ) – Nove Series


The market is in a downtrend; Both Nifty & Banknifty are getting sold at every major Rise.

For the day on Nifty Future (NF) front, 10140 is a strong support AND 10300 is very strong Resistance (Yesterday we have seen Bull’s activeness near 10300).

For the day on Banknifty Future (BNF), 24900 looks strong support & AND 25400 is very strong Resistance on BNF.

For the day Selling is a must avoidable in both NF & BNF, on NF front high possibility of visiting 10200-170 range.

 



DAILY MARKET ANALYSIS ( 24/10/2018 ) – Nove Series


The market is in a downtrend; Both Nifty & Banknifty are getting sold at every major Rise.

For the day on Nifty Future (NF) front, 10150 is the support AND 10390-10410 is very strong Resistance (Since two days this week 10400 is acting as strong Resistance).

For the day on Banknifty Future (BNF), 24900 looks strong support & AND 25500-25600 is very strong Resistance on BNF.

For the day Selling is a must avoidable in both NF & BNF, on NF front high possibility of visiting 10320-10350 range.

 

 



DAILY MARKET ANALYSIS ( 23/10/2018 )


The market is in a downtrend; Both Nifty & Banknifty are getting sold at every major Rise.

For the day on Nifty Future (NF) front, there is no support visible AND 10340 is very strong Resistance (Yesterday we have seen the strong attack by Bears near 10340).

For the day on Banknifty Future (BNF), 24800 looks mild support & AND 25500 is very strong Resistance on BNF.

Buying is a must avoidable in both NF & BNF until a formation of a proper base, on NF front high possibility of visiting 11180-11150 range.



DAILY MARKET ANALYSIS ( 15/10/2018 )


The market is in a downtrend; Both Nifty & Banknifty are getting sold at every major Rise.

For the day on Nifty Future (NF) front, 10210 is strong support AND 10520 is very strong Resistance (Friday we have seen the strong comeback by Bulls BUT they were not able to break post-RBI Policy Resistance).

For the day on Banknifty Future (BNF), 24600 looks strong support & AND 25530-25600 is very strong Resistance zone on BNF.

Buying is a must avoidable in both NF & BNF until they take off 10520 on NF & 25600 on BNF., Both Nifty & Banknifty are forming similar pattern that we have seen in July 2018.

 

 


DAILY MARKET ANALYSIS ( 12/10/2018 )


The market is in a downtrend; Both Nifty & Banknifty are getting Sold at every major Rise till yesterday.

For the day on Nifty Future (NF) front, 10190 is strong support AND 10490-10510 is very strong Resistance zone (Friday we have seen the strong attack by Bears near 10510).

For the day on Banknifty Future (BNF), 24500 looks strong support & AND 25540-25600 is very strong Resistance zone on BNF.

Buying is a must avoidable near these heavy Resistance Zone in NF & BNF.

Here two possibilities are visible for Positional Traders –

  1. Sell NF at 10445 with Stop Loss at 10520
  2. Let’s wait for a break of 25600 on BNF & Go Long with SL at 25300

 >>> Here 1st possibility is more favorable as per the current situation of the market

 


DAILY MARKET ANALYSIS ( 11/10/2018 )


The market is in a downtrend; Both Nifty & Banknifty are getting Sold at every major Rise, In comparison to Banknifty, Nifty is under extreme Selling radar.

For the day on Nifty Future (NF) front, 10090 is mild support AND 10350 is very strong Resistance (Today gap down opening due to heavy Sell-off in world markets).

For the day on Banknifty Future (BNF), 24300 looks very strong support & AND 25050 is very strong Resistance on BNF.

Buying is a must avoidable until any proper base in NF & BNF.

No room visible for Positional Traders as no strong base in NF & BNF but a light of Hope visible in BNF if it did not break 24300 for the day & Close above 25100.

Today we have noticed one thing that even after such a gap down, many stocks are showing Buying response, its a positive sign for the market.



DAILY MARKET ANALYSIS ( 09/10/2018 )


 

The market is in a downtrend; Both Nifty & Banknifty are getting Sold at every major Rise.

For the day on Nifty Future (NF) front, 10210 is mild support AND 10520 is very strong Resistance (Friday we have seen the strong attack by Bears near 10520). Buying is a must avoidable until any proper base in NF.

 For the day on Banknifty Future (BNF), 24300 looks strong support & AND 25100 is very strong Resistance on BNF.

No room visible for Positional Traders as no strong base in NF & BNF but a light of Hope visible in BNF if it did not break 24300 for the day & close above 25100.


DAILY MARKET ANALYSIS ( 04/10/2018 )

 


The market is in a downtrend; Nifty is under extreme selling pressure, no support visible on Nifty & 10720 for the day looks in reach.

For the day on Nifty Future (NF) front, 10740 is mild support AND 11000 is very strong Resistance (Yesterday we have seen the strong attack by Bears near 11000). Buying is a must avoidable until any proper base in NF.

 For the day on Banknifty Future (BNF) 24850-24800 looks strong support & AND 25500-25600 is very strong Resistance on BNF.

 No room visible for Positional Traders as no strong base in NF but a light of Hope visible in BNF if it did not break 24850 for the day & close above 25400.



DAILY  MARKET  ANALYSIS ( 28/09/2018 )


 Today is the first day of October series after a 12% fall in Banknifty & 7.6% fall in Nifty in the September series. The market trend is clear cut down; Both Banknifty & Nifty are Sell on rise for the day.

  For the day on Nifty Future (NF) front, 11000 is support AND 11160 is very strong Resistance (Yesterday we have seen the strong attack by Bears near 11140).

  For the day on Banknifty Future (BNF) front, 25100 is support AND 25650 is very strong Resistance on BNF (Yesterday we have seen the strong attack by Bears near 25550).

 Heavy buying or Selling is a must avoid & Sell on Rise is the strategy for the day.

 



DAILY  MARKET  ANALYSIS ( 26/09/2018 – Oct Series)


The market is in a downtrend; Both Banknifty & Nifty are in a Mild buying zone.

For the day on Nifty Future (NF) front, 11000-10970 is strong support AND 11250 is very strong Resistance (Yesterday we have seen the strong attack by Bulls near 10970).

 For the day on Banknifty Future (BNF) front, 24950 – 24850 is strong support AND 26200 is very strong Resistance on BNF (Yesterday we have seen the strong attack by Bulls near 24900).

It’s a neutral market; heavy buying or Selling is a must avoid.




DAILY  MARKET  ANALYSIS ( 25/09/2018 )



The market is in a downtrend; Both Banknifty & Nifty are under extreme selling pressure.

For the day on Nifty Future (NF) front, 11000-10970 is mild support AND 11170-11200 is very strong Resistance (Yesterday we have seen the strong attack by Bears near 11170).

 For the day on Banknifty Future (BNF) front there is no support visible & Buying is a must avoidable until any proper base AND 26000 is very strong Resistance on BNF.

It’s not a Buy market; don’t get trapped by seeing extreme selling, better wait for some short of buying  base.

 




 

September Expiry View 


Friday & today fall in the Market is a nightmare for Option Writer as no nearby strong support is visible & with extreme selling pressure, bears looks overcharged.

For this expiry as per our analysis, Nifty Future should expire below 11450, we are seeing very strong Resistance in 11400-450 range. Even with such a high volatility, it will be very difficult for Nifty future to surpass 11450, but one thing we need to keep in mind it’s not a Buy market, still its Sell on Rising.

Daily Trend is clear-cut Bearish & no relief for Bulls, September is a Clear Bears Month.

 




 DAILY  MARKET  ANALYSIS ( 21/09/2018 )


 

The market is in downtrend AND Both NF & BNF are under extreme Selling pressure.

For the day on Nifty Future (NF) front, 11370-11410 range is very strong Resistance zone (Yesterday we have seen the strong attack by Bears near 11370). In last 5 days, Bulls were trying to defend 11300 on NF & creating some sort of base but yesterday Bears washed their hope & closed below 11300, this clearly shows the strength of downtrend.

For the day on Banknifty Future (BNF) front there is no support visible & 26700-26850 range is very strong Resistance on BNF. Bears are not allowing Bulls even to taken single breath. BNF is, even more, weaker than NF.

 Buyers don’t have any edge & Buying is a must avoidable in both NF & BNF until any proper base.

Daily Trend is Bearish on both Nifty & Banknifty.

On Option Data front 11500 Call option & 11000, 11200 Put options are most active.

 

 




   DAILY  MARKET  ANALYSIS ( 19/09/2018)

 


 

The market is in downtrend & Banknifty is weaker in comparison to Nifty.

For the day on Nifty Future (NF) front, 11300-11280 is a mild support which Bulls likely to defend with full force AND 11400-11445 is very strong Resistance (Yesterday we have seen the strong attack by Bears near 11445). Buyers have a mild edge for the day if they are able to defend 11300-11280 on NF.

For the day on Banknifty Future (BNF) front there is no support visible & Buying is a must avoidable until any proper base AND 26850-26990 is very strong Resistance on BNF.

Daily Trend is Bearish on both Nifty & Banknifty.

On Option Data front 11500 Call option & 11400 Put option is most active.