MARKET STATS
Cash Market Flows
FII +1089 Cr
DII +47 Cr

Nifty Nov Futures Premium at 50 Pts vs 74.3 Pts
Nifty Put Call ratio at 1.03 vs 1.21

FIIs in Index Futures
Sell 696 Cr
Long -4700
Short +2200

FIIs in Index Futures
Long 60%
Short 40%

GLOBAL CUES
US Bond yields lower, Dollar Index flat
Brent crude down to $93 from the cusp of $97
If crude < $90, big rally, if crude above >$100, big decline
Need to see how Rupee behaves today after big decline

NIFTY OUTLOOK
In near-term, Nifty placed better than Bank Nifty
Nifty has support of IT stocks and HDFC as well
Yesterday, Nifty respected the first support zone
On Nifty, 18225-18300 now represents first support
Major support for Nifty at 18,050-18,100
First resistance at yesterday high of 18,400
Major resistance at 18,500 from options data

BANK NIFTY OUTLOOK
Expiry of Fin Nifty today, HDFC twins crucial
Bank Nifty has seen rotation from ICICI to HDFC Bk
Yesterday’s high of 42,231 first resistance
Friday’s high of 42,345 biggest resistance
If Bank Nifty crosses 42,345, expect huge rally
Bank Nifty’s base has moved up to 41,800

Today's trade setup. I think this is enough 😊

WEEKLY EXPIRY DAY
Buy on dips has played out beautifully
First signs of US rally halting
Big block in Paytm today, indicates pain
Market breadth has been weak globally
Nifty at 18,400, Portfolios at 17,400

GLOBAL SETUP
Amazon’s layoff have hurt sentiment on Nasdaq
Elon Musk to employees: “Do hardcore work or leave”

NIFTY OUTLOOK
Simple trade today is to buy the first dip
Yesterday’s low of 18,344 will be the stop
If 18,344 is taken out, then be on sidelines
On upside, first resistance at yesterday high of 18,442
Day traders should book profit at 18,442-18,458
If Nifty sustains above 18,458, possible to test 18,500
Heavy Call writing at 18,400 and 18,500

BANK NIFTY OUTLOOK
Bank Nifty remains the strongest Index
All 4 biggies: HDFC Bk, ICICI, Kotak and SBI firing
Buying close to 42,300 would be best zone
For long trades, stop loss needs to move to 42,200
On upside, minor resistance at 42,600
Possible to see 44,000 in November month

Never fails :)

Good morning

THE FRIDAY CHEER!
Sharp recovery in US markets to help sentiment
Indian mkts closed at lows due to expiry
No major triggers today, moves can be random
Focusing on individual stocks will be better today
Brent at the cusp of breaking $90/bbl mark
If Brent slips into 80s, will lead to big rally

GLOBAL CUES
Dollar Index, US yield showing signs of fresh rally
Statements of Fed governors confusing markets
Need to keep an eye on Nasdaq from here
Nasdaq has been lead indicator of global markets

NIFTY OUTLOOK
Day Nifty low Nifty high
Nov 11 18259 18362
Nov 14 18311 18399
Nov 15 18282 18427
Nov 16 18344 18442
Nov 17 18312 18417

NIFTY OUTLOOK
Buying at 18300 and selling at 18400 is working
For fresh shorts, stop loss is 18442
For fresh longs, stop loss is 18,259
Buying on dips and plunges is the best strategy
Call writing at 18,400, 18,500 and 18,600 ((Show stats here))
Put writing at 18,300 and 18,000 ((Show stats))

BANK NIFTY OUTLOOK
Bank Nifty remains the strongest of all indices
Bank Nifty’s base has moved to 42,200
Buying at 42,300 with stop at 42,200 is working
Fresh expansion for Bank Nifty above 42,650
44,000 still possible on Bank Nifty this month

Sorry got late

Put a lot of reserach in it. Pls eatch.

Good morning

EXPIRY WEEK, LIMITED CUES
Crude’s decline remains biggest sentiment positive
FII buying momentum has slowed down
Nifty showing some signs of exhaustion at highs
Market breadth globally has been very poor
Nifty may see some decline before fresh breakout

GLOBAL FACTORS
Fresh concerns from China on Covid
Need to see if money shifts again from China to India
Chinese markets rallied 10-25% this month
Truncated week in US, FOMC minutes on Thursday

NIFTY OUTLOOK
First support for today: 10 DEMA of 18,245
Nifty bounced right from 10 DEMA on Friday
Second support for today: Friday low of 18,209
Biggest support for Nifty: 20 DMA of 18,050
Nifty’s bigger trend still remains “Buy on dips”
Nifty’s trend turns negative only below 18,000

BANK NIFTY OUTLOOK
Bank Nifty remains the strongest index
Bank Nifty not breaking first support of 42,200
Buying as close to 42,200 with 42,000 as stop may work
Biggest decline for Bank Nifty only below 42,000
All of Bank Nifty components are now very strong
HDFC Bank, ICICI Bk, SBI, Kotak form over 75% of Bank Nifty

STEEL: DON’T CHASE GAP UP
Good chance of sell on news today in Steel
Global outlook of metals bigger trigger
In near-term, China factor may overpower

Track the Nifty PCR as well. Its at 0.89

If intra-day it gets to 0.75 will be a good price to enter

Bank Nifty low of 42,202. Just 2 points above 42,200. Intra-day rally of 135 points!!!

Second round of weakness in markets

Bank Nifty closing near day's high. Once again the Go To Index