Buy Nifty Put on Rise to Hedge Portfolio Form US Int Rate Policy, Resistance 11205.

The Indian Benchmark index rose 100 points to 11067 by the end of Tuesday trading session. The index open flat and keeping swinging between profit and losses before finally soars 100 points in the last hour and a half trade on news of infusing additional liquidity in the system through CRR cut.

All sector indices are closed in green exception to Realty sector, who’s down 1.72% for the day, whereas Nifty Pharma is the top gainer sector with 2.51%.

Nifty 50:- On Charts the index forms a bullish candle and closed near the day high with positive notes. The index breaks the losing streak after five days on news of aiding liquidity in the system.

The Interest rate policy in US is scheduled to announced today may set higher probability of hiking interest rate today which may further add selling pressure on the higher level.

The index has nearest resistance at 11110 above that it may test 11140-11170-11205 on the upside, whereas it has nearest support at 11030 below that it may test 10990-10955-10930 to the downside.

Nifty50 , Nifty Bank , Share market

Bank Nifty:- The banking index rose on positive news get some stability in the short term from downside risk. The index has immediate resistance 25420 above that it may test 25520-25670-25820 in the coming time. Whereas it has nearest support at 25250 below that it may test 25150-25020-24890 to the downside.

USD/INR:- On the Charts, the Currency pair forms a double bottom may trigger to the higher side on rising interest rate policy. The currency pair target 75-76 in the coming time against the US dollar and a vice versa may give some relief in the coming time.

Bottom line: – Moneyites.com recommends buy put option on rise to hedge your portfolio against short term uncertainty.

 

 

 

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Weekly Report:- Nifty Form Bearish Englufing Pattern On Weekly Chart.

Market Summary:- The Nifty 50 index tank 256 points and closed in red at 10760  post-Union Budget 2018. The Nifty 50 Index has biggest weekly loss of 3.15 % in a year.

The implication of LTCG and lack of incentives from budget force Markets to drag down.

Technical Comments: – On the Daily Chart, The Nifty 50 index forms a long Bearish candle and closed near the day low with weakness.

MACD signal a sell crossover and RSI is trending in the weak Zone.

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On the Weekly Chart, The Nifty 50 index forms a Bearish Engulfing Pattern signs further weakness or profit booking in the coming time.

Nifty 50 index has immediate support at 10660-10500 in the coming time, Whereas immediate resistance place at 10900-11120.

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Bottom Line: – Trading Strategy for Nifty traders, Sell on High with stop loss.

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Weekly Outlook:- Bulls are In charged, Will Bank Nifty Join It?

MARKET SUMMARY: – The Nifty50 Indian benchmark index extends gain 0.28% to close at 10681 on last trading sessions of the week. The Nifty50 index opens gap up 31 points but unable to hold on the early gains drops to the days worst level at 10597 before record high closing ever.

On Weekly time frame, The index starts positively with a gap up opening and have the same open low of 10591 for the week and touching an all-time high of 10690. The index keeps trending in the north in the narrow range and gains more than just a  percent to close in the green.

Strong Global cues and Government move to allow 100 FDI in single brand, set the market tone positive.

TECHNICAL COMMENTS: – On the daily chart, the Nifty50 index trending upside in the narrow range and closed near the all-high level. The Nifty50 index holds crucial support at the lower support line at 10550 level and if continues to hold above it may trend up to 10750-10820 on the higher side. On the contrary nifty has immediate support at 10650 below that it may slip to 10600-10550 level in the coming time.

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Bank Nifty Index NSE India banking index is in a consolidation phase with positive biases. The Index set up on the daily chart is in process of having a big move to come in the coming time. The index holds immediate resistance at 25800 level above that 26100-26400 can be targeted on the higher side. Whereas below the immediate support level of 25650 further corrections to 25450-25300 can be seen.

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BOTTOM LINE:- Trading Strategy for Nifty traders, The bulls have the upper hand if nifty holds above 10550 in the short run. Market to see fresh highs if global cues and bank nifty supports.

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Charts Of The Day for 15-20% Upside In Short Run.

India Bulls Real Estate Ltd:-   IBREALEST in NSE cash CMP 229.25  on close after gaining 3.62% in today’s trade. The stock price is trending in a long-term uptrend. The price action in the stock has a long consolidation forms a continuation triangle pattern on the daily chart and breaks out of its upper triangle resistance line in today’s day trading session.

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The stock price on close hold above the upper resistance line of the triangle Whereas RSI holds stands at 61.30. The stock price is also closed above the short and medium term moving average of 20 and 50 days on the daily chart and the ADX signals at 11.88 currently.

The stock price hold the uptrend momentum back from the 50% retracement  of the previous uptrend.

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BOTTOM LINE:- Trading strategy for traders and Investors , The stock price broke the resistance line with the spurt in the volume and if continue to hold above it may trend up to 239/255/280 level in the short run with keeping the stop loss below 210 level in the downside.

 

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Share Market:- Buy Dips Till Nifty Holding 10230 Level.

MARKET SUMMARY: – On Tuesday trading, Indian domestic index Nifty open on a positive note. The index open gap up to 31 points at 10329 and keeps on building the momentum, marks day high of 10358. It is in the second half the index failed to hold the initial gain and shown some profit booking and made day low of 10315. However, the Nifty index managed to hold the morning gain and closed at 10326 with the gain of 28 points. Market breadth remains positive and DrReddy the top gainer for the Nifty index added 5.40 % in a day.

TECHNICAL COMMENTS: – On the daily chart, the Nifty index forms a Doji.  The nifty index added 28 points on account of gap up opening and closed near the opening level by holding the morning gains for the day with positive biases. At the close, The Indian index Nifty holds above the SMA of 21 days and RSI stands at 56.

During Intraday session, the Nifty index breaches the level of 10340 but not in a convincing manner and slide down on account of profit booking. In short-term time frame, the Nifty index keeps on the gaining momentum and hold immediate support at 10310. The market holds immediate resistance at 10360 level and holding above this level, The Nifty index may retest the higher level of 10380-10410-10440 on the higher side. Whereas below the level of 10310 in a convincing manner some weakness to the level of 10260-10230 can be witnessed in the short run.

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BOTTOM LINE: –Trading strategy For Nifty tradersNifty trending upside in a narrow range. So buy dips till nifty holding above the support levels.

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Nifty Remains Positive, Forms Doji On Chart.

MARKET SUMMARY: – Indian Benchmark Index Nifty remains quite for the first trading session of the week. The nifty index added 15 points in a day and closed at 10298. India’s domestic index Nifty shown small gap up opening and remains sideways for the day with the positive biases. Market breadth remains positive for the day, While GAIL is the top gainer for the Nifty index by adding 4% for the day.

TECHNICAL COMMENTS: – On the daily Chart, the index forms a Doji Candle signs neutral for now. The index remains sideways with positive biases for the day. The Nifty index price holds above the SMA of 26 days, RSI stands at 54 Whereas MACD is trading below the signal line.
In short-term time frame, the nifty index price trending positive and closed above the SMA of 7 and 21 days. The index marks twice the day high of 10309 but retreat from it and closed at 10298. In near term the Nifty index facing resistance near 10340 level, a breakout in fashion may shift in market sentiments and above this level, Nifty may retest the levels of 10375/ 10415/ 10445 on the higher side.

On Flipside, the Nifty index below the support level of 10260 can retest the downside level of 10230-10180 in the short run.

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BOTTOM LINE: – Trading strategy For Nifty traders, buying on dips if Nifty sustains above 10230 level and add on the position above 10340 level.

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Nifty Reclaims 10200, Recovery Led By Reliance, Infosys and SBI.

MARKET SUMMARY: – On Thursday trading, Indian benchmark nifty fifty index opens gap up 35 points at 10152 and thereafter keeps on the gaining momentum for the whole day. The Nifty fifty index marks the day high of 10232 and closed at 10214 with the gain of 96 points in intraday trade. The Nifty index recovery is led by large-cap stocks Reliance, Infosys, and SBI in today’s trading session.

TECHNICAL COMMENTS: – On the daily Chart, The index stops the losing streak by holding back support from the 50 days SMA.  The Nifty index closed on a positive note and closed near the day high. RSI stands at 49 level and MACD is trading below the signal line.

In short-term time frame, the nifty index broke and hold above the declining structural resistance line. The RSI stands at 57 and MACD is trading above the signal line and ADX stands at 30.34 level. On immediate basis 10250 at 50 days SMA may act as an important resistance level and a positive closing above this level may test 10290-10320 on the upside. Whereas the Nifty has immediate support at 10180 level and below this further downside to the level of 10140-10100 can be retested.Moneyites.com

BOTTOM LINE: – For the Nifty traders, the Nifty tradinghttps://moneyites.com/ at 10215 level. A buying on the dips with a stop loss below 10180 can be a good strategy for intraday trade and above 10250 some more position can be added.  Whereas below 10180 level in fashion some more weakness can be witnessed.

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Bears keeps On Ruling, Nifty Fell 68 Points to 10118.

MARKET SUMMARY: – On Wednesday trade, the nifty index starts the day with 15 points down to 10171 and there on keeps sliding to 10094 to marks the intraday low. Indian benchmark index Nifty fell 68 points on its third straight day of the week and closed at 10118. Metals sectors contribute max in dragging the index down.

TECHNICAL COMMENTS: – On the daily chart, the nifty index forms back to back bearish candle and keeps on trending downside. The market fell third straight day of the week and signs further weakness in the coming time. The index price falling is supported by the increased volume and open interest and closed below an important SMA of 50 days in today’s trading session. RSI at 41 and MACD is trading below the signal line may further support the immediate downtrend in the coming time.

The Nifty index has an important support level at 10085 below that, selloff can continue to the level of 10050-10020-9990 on the downside. Whereas a positive holding above the level of 10145, the Nifty index may trend up to 10180-10215 on the higher side.

The current correction rally in the market is somehow not joined by the bank nifty, else the damages can be much higher in comparison to now.

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BOTTOM LINE: – For the Nifty traders, Market trending downside and a breach of the immediate support level of 10185 in fashion, may trigger a further selloff in the coming time.

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Share Market:-Nifty Weekly Update

MARKET SUMMARY: – In Last trading session of the week Indian benchmark index Nifty closed in green at 10321 with the gain of 13 points. The Nifty index remains volatile and traded in the range for the whole day. ON WoW basis the benchmark index nifty trims 130 points from the last week closing. In the last week, the Nifty index marks an all-time and weekly high of 10490 level and weekly low of 10254.

TECHNICAL COMMENTS: – On daily charts, the Nifty index forms a spinning top formation Signs neutral for now. The Nifty index trending downside, but halt the losing streak on hopes of a positive trigger from the GST council meets on the last Friday.

A thumb up is given to the outcome of GST rate cut and ease in filing returns form the business perspective, definitely a positive move to boost the economy from drying liquidity and accepted a better second half for the economy.

In short-term time frame, the Nifty index closed on a positive note. The index price broke out of declining channel pattern and closed above the short term EMA of 5 and 14 days. A positive holding above the level of 10300 marks may retest the upside level of 10335-10368-10400 in the coming time. Whereas below the 10300 mark market may see further selloff to the level of 10265-10240-10200 on the downside.

 

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BOTTOM LINE:-The market expected to remains in the range of 10200-10400 level. A positive closing above 10400 marks may change in market sentiments and Fresh long position can be made. Whereas below the level of 10200 marks further downside can continue in the coming time.

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