My view on what to do after the Israel war and if there is any fall because of this.
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THE ISRAEL CONFLICT AND MARKET
Geopolitical reasons are best buying opportunities
Russia-Ukraine war had given a great opportunity
Need to see if crude is not seeing big move
As long as 19,255 is holding, market is ok
Only risk for market is a halt at falling 20 DEMA
Nifty closed right at the falling 20 DEMA on Friday
Market breadth was strong on Friday
NIFTY OUTLOOK
First support: 19,589 (Friday low)
Bigger support: 19,477 (options based)
Buy small at open, add zone: 19,500-19,550
Stop loss for all long positions: 19,450
First resistance: 19,655 (Falling 20 DEMA)
Bigger resistance: 19,768 (options based)
Sell trade only if Nifty breaches first hour low
Stop loss for all sell trades: Intra-day highs
BANK NIFTY OUTLOOK
First resistance: 44,534 (10 DEMA)
Bigger resistance: 44,634 (20 DEMA)
50 DEMA also placed around 44,686
Call Options base also around 44,600
If Bank Nifty crosses this cluster, expect big rally
First support zone: 44,125-44,243
Bigger support: 43,830-44,000
Buy zone: 44,000-44,200
Stop loss for all longs: 43,830
Sell trade will depend on price pattern
Geopolitical reasons are best buying opportunities
Russia-Ukraine war had given a great opportunity
Need to see if crude is not seeing big move
As long as 19,255 is holding, market is ok
Only risk for market is a halt at falling 20 DEMA
Nifty closed right at the falling 20 DEMA on Friday
Market breadth was strong on Friday
NIFTY OUTLOOK
First support: 19,589 (Friday low)
Bigger support: 19,477 (options based)
Buy small at open, add zone: 19,500-19,550
Stop loss for all long positions: 19,450
First resistance: 19,655 (Falling 20 DEMA)
Bigger resistance: 19,768 (options based)
Sell trade only if Nifty breaches first hour low
Stop loss for all sell trades: Intra-day highs
BANK NIFTY OUTLOOK
First resistance: 44,534 (10 DEMA)
Bigger resistance: 44,634 (20 DEMA)
50 DEMA also placed around 44,686
Call Options base also around 44,600
If Bank Nifty crosses this cluster, expect big rally
First support zone: 44,125-44,243
Bigger support: 43,830-44,000
Buy zone: 44,000-44,200
Stop loss for all longs: 43,830
Sell trade will depend on price pattern
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Anuj Singhal CNBC Awaaz Managing Editor
https://www.instagram.com/reel/CyJL70gysT7/?igshid=MTc4MmM1YmI2Ng==
Bola tha naa "Lapak lijiye"
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My next big bold call if you liked my Sunday night call.
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MARKET: NEW HIGH JOURNEY STARTS
Nifty can hit a new all-time high in October itself
Market has made a bottom with bad news
Whenever bottom is made with bad news, it stands
Yesterday’s high was significant, new high for series
Next level to watch: 50% retracement of entire fall: 19,814
NIFTY OUTLOOK
First support: 19,650 (20 DEMA)
Bigger support: 19,565 (yesterday’s low)
First resistance: 19,766 (Breakdown zone)
Bigger resistance: 19,833 (options zone)
Above 19,833, another sharp one-way move is possible
BANK NIFTY OUTLOOK
Bank Nifty very close to 3 big moving averages
10 DEMA: 44,428
20 DEMA: 44,529
50 DEMA: 44,641
If Bank Nifty settles above 44,641, can see more short covering
First support: 44,270 (100 DEMA)
Bigger support: 44,004 (Yesterday’s low)
Nifty can hit a new all-time high in October itself
Market has made a bottom with bad news
Whenever bottom is made with bad news, it stands
Yesterday’s high was significant, new high for series
Next level to watch: 50% retracement of entire fall: 19,814
NIFTY OUTLOOK
First support: 19,650 (20 DEMA)
Bigger support: 19,565 (yesterday’s low)
First resistance: 19,766 (Breakdown zone)
Bigger resistance: 19,833 (options zone)
Above 19,833, another sharp one-way move is possible
BANK NIFTY OUTLOOK
Bank Nifty very close to 3 big moving averages
10 DEMA: 44,428
20 DEMA: 44,529
50 DEMA: 44,641
If Bank Nifty settles above 44,641, can see more short covering
First support: 44,270 (100 DEMA)
Bigger support: 44,004 (Yesterday’s low)
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