Mkt reaction quite mature so far.

GM

Sorry missed putting setup

NIFTY OUTLOOK
Nifty closed right at the 20 DMA and 20 DEMA
Last time Nifty had a strong 20 DMA halt
20 DMA halt is a very powerful concept
Last time, Nifty fell 600 points from 20 DMA halt
((Show 17800 Call and 17800 Put in same plate))
17800, 17700 and 17650 Put
No major Call writing till 18000
Aggressive trader can sell with strict stop loss of 17,950
Profit booking zone for shorts at 17,750
Buy zone for Nifty at 17,700-17,750
Stop loss for long trades at 17,650

BANK NIFTY OUTLOOK
Bank Nifty trading between important moving averages
10 DEMA at 41,356 and 20 DEMA at 41,647
Big banks showing some signs of fatigue
Aggressive traders can sell with stop loss of 41,800
Profit booking zone for shorts at 41,300
Buy zone for Bank Nifty at 41,250-41,300
Stop loss for long trades at 41,000

It's already played out though 🙏

Both Nifty and Bank Nifty approaching profit booking zone for agressive trades

Both swings have played out today. First on downside and now on upside and exactly from same levels.

Hope people had good trades

Good morning.

I am on leave today so you won’t see me on tv.

EQUITIES VS MONEY MARKET: WHO IS RIGHT?
US Bond yields surge further to 3.8
US equities continue to rally, especially Nasdaq
Nifty managed to close above 18,000
Nifty IT is now in a very strong uptrend
Reliance + IT led in first half, Banks joined in second
MSCI postpones Adani weight cut decision
Big question: Can the market now make new highs?

GLOBAL CUES: INDIA IMPACT
Nasdaq on verge of negating double top again
Nifty IT is now leading the charge for bulls
((Show Nifty IT 6 month chart))
Roku surges 11% after reporting loss of $1.70/sh vs est of $1.72/sh
New age stocks are now going to lead for near future

NIFTY OUTLOOK
Nifty now trading above all major moving averages
Existing longs should now keep stop loss at 50 DEMA of 17,935
Fresh buy zone at 17,950-17,975
New longs should keep 20 DEMA of 17,871 as stop loss
Profit booking zone for Nifty at 18,118
Fresh selling zone at 18,100-18,130, stop loss: 18,150

BANK NIFTY OUTLOOK
Level to watch: 50 DEMA of 41,811
If Bank Nifty trades above 41,811 can see short covering
All short trades must keep tight stop loss of 42,000
Need to see SBI’s behaviour today
A sharp 3 pm move is possible today in Bank Nifty

good morning

Nifty profit booking was suggested at 18,118 with selling at 18130 and stop of 18,150. Today

Today high 18134

GM

THE NAME IS BOND!
US bond yield surges further to 3.88
Equities were ignoring Bond mkt so far
Equities fall in line with bonds, rate hike fears back
Big question: Will Indian market see “Buy on dips”?
Nifty still not decisively out of the bearish channel
Market’s texture will depend on how IT stocks behave

GLOBAL CUES: INDIA IMPACT
Need to watch Nasdaq’s move from here
Nasdaq will give first signs of fresh move
Nasdaq still comfortably above 20 and 50 DEMA
Nifty IT likely to lead decline in first hour
Any sign of recovery will be first seen in Nifty IT

NIFTY OUTLOOK
Profit booking zone for shorts: 17,950-17,975 ((Yesterday’s but zone))
First support for Nifty: 50 DEMA of 17,939
Major support for Nifty: 20 DEMA of 17,885
Buying close to 50 DEMA with 20 DEMA as stop may work
Need to see stability in Nifty IT before buying
Stability in Nifty IT will be first sign of buying
Buy zone for Nifty: 17900-17950
Stop loss for longs: 17,875
Sell zone for Nifty: 18,075-18,100, stop loss: 18,150

BANK NIFTY OUTLOOK
Bank Nifty rejected 50 DEMA of 41,800
Bank Nifty closed just above 20 DEMA of 41,600
Bank Nifty has been the weak pocket of market
“Sell on rally” is working in Bank Nifty
Bank Nifty can now slip to 100 DEMA of 41,200

41,200 is almost here on Bank Nifty