MARKET ANALYSIS FOR 2ND JUNE #NIFTY #BANKNIFTY

 Namskar dosto! 

1.Nifty- Nifty open at 16594 close at 16522, closing above 16500 is strength sign , in last 2 hours volumes was good
today nifty tried to trap put writers, nifty closes down by 60 points,Shorts side move was already clear in previous video
tomorrow is expiry expecting a directional move in positive side
support - 16450-16500
Resistance - 16700
2.Banknifty - Banknifty also recovered in the end and take support at 35300 , overall banks have strength and view bullish
to sideways
support - 35300
Resistance - 35800
3.Jsw Steel have Strength recovery above 570 we can see upside 600 Target.
4.In midcap & smallcap only some selected stocks are ready for recovery those who showing good Momentum.
5.Defence stocks HAL,BEL are moving good here

MARKET ANALYSIS FOR 31ST MAY #NIFTY #BANKNIFTY

 NAMSKAR DOSTO -

1.NIFTY- NIFTY Open Gapup Today 16506 And close at 16661, 308+ points gain we see, now Nifty positionally buy side
 expecting clear upside move here towards 16850 due to high volatility stoploss management will be tough
support 16500-16400
resistance 16850-17000

2. BANKNIFTY- bank nifty also up 200 points today , which was long from 34750 now profit booking done mostly banks have overall strength here
support 35800-35600
resistance 36200-36850
 
3.US market have holiday today tomorrow will be surprise in nifty

4.Nifty IT also recovering from the bottom lets wait and watch for proper levels , upside 5-10% move possible in IT stocks

5.LT(1660), Reliance(2664),UPL(782),Sbilife(1148),Hdfclife (608) are all have long setup

6. nifty midcap also up 2.42% , nifty small cap 2.24 %

MARKET ANALYSIS NEXT WEEK AND FOR 30TH MAY #NIFTY #BANKNIFTY

 NAMSKAR DOSTO !

1.NIFTY -IN Nifty as I Discussed in yesterday Blog that Nifty Will Open Bullish and Then Take 16350-400 as A Resistance
It happend today, Nifty opens at 16296 and close at 16352 , 182 points upside
2.Nifty Closing is Strong and Monday could be Tricky as DOW opens in green but now currently at resistance and if Dow give strong closing than chances that Nifty will GO upside from here As I Said in videos that if nifty close 16500 positional longs can be made here.
3. Nifty Monthly closing candle also looks strong
 support - 16200-16000
 Resistance - 16400-500
4.Bank Nifty - In Banknifty My Targets are done Banknifty close at 35613 which I Refer to Resistance 35600-35750
5.Bank nifty close strong which is lead by the HDFC BANK(1392),ICICI BANK(739),KOTAK BANK(1946) Closing is also strong
high chances to Recover from here.
support- 35300-34750
Resistance - 35800-36200
6.Apollo Hospital (3861) Weekly closing is strong keep eye on it for Monday.
7.Nifty IT closing also strong in weekly Timeframe.
8.Sbilife & Hdfclife Also Moving Good after I Giving long in previous blogs
9.Nifty Midcap & Nifty SmallCap also closed in green today
10.Nykaa reports 49% fall in Q4 net profit at Rs 8.56 crore
11.JSW Steel Q4 Result | Net profit falls 23% YoY to Rs 3,234 crore; revenue up 74% 

 

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MARKET ANALYSIS FOR 27TH MAY #NIFTY #BANKNIFTY

 NAMSKAR DOSTO !

1. NIFTY- Nifty open at 16105 and close at 16170 in cash , Making a bullish hammer pattern. previous IN blog I gave bearish view which sustain for 2 hours and then nifty reverse from the 15900 support and ended up closing in 144 points positive
2. Now current view is bullish till 16400, todays upside move leads by majorly banks
   support 16000-15900
   Resistance 16350-400
3. BANKNIFTY - as I said Before Banknifty in range might break upside , which break 34700-750 zone and ended up closing
   750 points up (2.2%) captured (go check telegram)
4. Banknifty breakout done by HDFCBANK(2.8),ICICI bank(2%) & SBI(3.2%). Banknifty close at 35090 , upside possible move
  35400-600
  Support - 34750-700  Resistance - 35400-35750
5. Nifty Metal also make strong Green candle in Daily Timeframe , possible reversal if nifty metal index sustain above 5200
   Tata steel (5.2%), Jsw steel (4.4%) , Hindalco (2.7%) also gave strong closing
6. Banks ,HDFC twins should be in focus for tomorrow
7. Nifty midcap took a crucial support in daily time frame
8. Fed embraces 50-basis-point rate hikes in June, July to curb 'very high' inflation.

9. Hindalco Q4 results are out profit doubles & revenue rises 38% YoY 

10. DOW now 400+ points high chances of recovery Now but lets wait for the closing ;)

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MARKET VIEW FOR 26TH MAY (EXPIRY DAY ) #NIFTY #BANKNIFTY

 Namskar dosto!

1.NIFTY- Nifty opens at 16196 today and close at 16025 , I clearly mentioned yesterday that market will be bearish today.
       yet opens in green in first hour but after then start correcting in cash, don't forget to visit youtube for that
2. Nifty today take support at 16000 in cash , current view compeletly bearish for tomorrow also
3.Nifty Support now 16000 & 15750
        Resistance at 16200 & 16400
4.BANKNIFTY - In Bank nifty 34700-750 zone also working as a resistance which is being crucial now , whenever broke we  will see good upside move towards 35600-700 zone
5.IN banknifty current support is 34150 then 33900 & 33600
        Support - 34150-33900
        Resistance - 34700-750
6.kotak bank gave good upside move today made 1940 high , yesterday discussed in video & blog at   1888 , hdfc bank didnt  show much volumes
7. Insurance stocks (Hdfc life 3% , Sbilife 2% ) gave strong closing today keep eye on them for tomorrow
8. Nifty IT fall more then 4% today , Overall fall in last 6 weeks is 15-17% , discussed in 18 april video
9. Nifty midcap fall 2.45% , nifty small cap fall 3%
10. Sugar stocks also falls 8-15% as yesterday I discuss in blog
11. FIIs selling continue in this month , today FIIs sells 1803Cr. net value of stocks
12. FOR EXPIRY TRADE - call side open interest is higher then the put side open interest ,              16200CE  shows highest total OI , as per the option data view is also negative here in nifty
13. Dow open slight positive but wait for the closing. 

 

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MARKET VIEW FOR 25TH MAY #NIFTY #BANKNIFTY

 

NAMSKAR DOSTO!

1.NIFTY closes 18 points green today , Taking the support of 16080 in spot & upside resistance was 16200
2.Current view is bearish below 16050, If recover then clear long will be till 16400
 Support - 16050 then 15750
 Resistance - 16350-400 & 16500
3. Biased is bearish and in Range bound In the Trading range Which Is Given.
4.BANKNIFTY clear short below 34000 in FUT
  support - 34000-34100
  Resistance - 34700-750
5. Kotak bank (1882) , Hdfc bank (1318) have strong closing today both should be in focus.
6. Dow now 400 points down , chances are open in RED tomorrow
7. FED chairman Powell also have conference today at 11.50PM ( market already sensing it )
8. Commodity prices are also Increasing. (read gold & silver article above)
9. Govt. consider tax cut on soyabean & sunflower oil to cool off prices.
10. Govt. may restrict sugar exports at 10MT this year ( sugar stcoks fall 15-20% from upside) 

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Daily Analysis of NIFTY & BANKNIFTY and stocks 23RD MAY

 Namskar dosto 

1. Today we see the nifty fut open at 16270 which is the positive opening and after opening sentiments look positive, in telegram only icici bank trade given which is ended up in positive 

2. NIFTYFUT currently at 16380 the time I writing this blog NOW closing at 16164 , closing 88 points down

3. Top gainers index is NIFTY AUTO which is by 1.84% which leads by MARUTI (4%), M&M(4.24%)

4. Last week HINDUSTAN UNILIVER was given at 2220 , currently at 2375 given 8%+ keep long only if bought keep till 2500-2600-2700

5. FMCG sector is fourth largest sector in indian economy , commonly FMCG seen as safe bet for conservative investor 

6.NIFTYMETAL down by 8% today , where TATA STEEL  down 13% , JSW STEEL down 12%

7. Metal stocks melt down as government imposes export duties

8. IN NIFTY 16400 is working as a strong resistance , downside support is 15750 , overall view in nifty is bearish side in nifty for long setup nifty should be closed above 16500 in cash 

9. BANKNIFTY ALSO Taking a resistance at 34750 , downside support is 34000 & 33200  , kotak bank have good structure for long position.

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