This is a very good close.

GM

NEW WEEK: NEW HOPE
Last week’s big event was defence of 20 DEMA
First test of 20 DEMA is always defended
Second test of 20 DEMA is more crucial
Alert: Current 20 DEMA stands at 18,079
For all positional trades: Stop loss at 18,050
This week will be all about debt ceiling in US
This week also marks monthly expiry of F&O

MARKET: WHERE IS LEADERSHIP?
For last few days, IT stocks showing traction
Nifty IT has been closing near day’s highs
Most Banks have stopped reacting to good nos
Nifty IT can test the 200 DMA this week
Better to focus on Nifty than Bank Nifty this week
Bank Nifty facing big resistance at all time highs

NIFTY OUTLOOK
First support zone for Nifty: 18,125-18,150
All important support zone: 18,050-18,100
Buy zone for today: 18,100-18,150
Stop loss for all long trades at 18,050
First resistance zone: 18,275-18,325
Biggest resistance level: 18,450
Sell zone for today: 18,250-18,300
Stop loss for sell trades: 18,350

BANK NIFTY OUTLOOK
First support zone for Bank Nifty: 43,700-43,800
All-important support zone: 43,450-43,500
Buy zone for Bank Nifty: 43,750-43,850, stop: 43,500
First resistance zone for Bank Nifty: 44,000-44,150
Biggest resistance zone: 44,150-44,250
If Bank Nifty trades above 44,250, can see big rally
Sell trade for Bank Nifty only if 44,150-44,250 is rejected

Nifty IT and Nifty 💪

It was clearly visible in the pattern

Nifty's high in exactly first resistance zone. This is a level based market

Bank Nifty getting close to first support zone now

Nifty IT at day's high and Nifty Bank at day's low. Just one of those days where the conviction really played out 🙏

Good morning.

BAZAR MEIN MANGAL
Nifty has strong momentum right now
Only Bank Nifty is unable to participate
Fin Nifty expiry today, need to see Bank Nifty move
Possible that Nifty outperforms Bank Nifty again
Bank Nifty can attempt big rally tomorrow and day after
Nifty IT met the target of 200 DMA yesterday itself
Nifty IT may see some consolidation after big rally
For today, focus can be on Reliance, L&T, ITC, HUL, Maruti

INDICES: LEVELS TO WATCH
Nifty: 18,444 and 18,458
Nifty: 18,444 and 18,458 have been recent tops
Nifty Bank: 44,050 and 44,152
Nifty Bank: 44,050-44,152 has been high of last few days
Nifty Fin Services: 19400 and 19500
Nifty Fin Services: Expiry today, max OI at 19400 and 19500 Calls
Nifty IT: 28,871 and 29,041
Nifty IT: 28,871 is 200 DMA, 29,041 was last closing high

NIFTY OUTLOOK
Nifty remains very strong and is “Buy on dips”
Yesterday’s strategy was to buy on open and add on dip
Today’s strategy is to not buy at open but wait
If the dip doesn’t come, no point buying today
Buy zone 1: 18,250-18,300
Add zone: 18,200-18,250
Stop loss for all long trades: 18,150
No thoughts of shorting unless 18,350-18,400 is strongly rejected
Short on rejection of 18,350-18,400, stop loss of 18,459

BANK NIFTY OUTLOOK
Fin Nifty expiry today, more consolidation likely
Need to trade Bank Nifty on the edges today
The 2 edges: 44,171 and 43,717
Buy zone: 43,700-43,750, stop: 43,685
Sell zone: 44,000-44,050, stop: 44,152
Positional stop loss for longs at 43,450
Positional stop loss for shorts at 44,250

Facing tech issues.

Trying to resolve.

Apologies.

Really sorry for this. Facing issues at streaming end.

We are forced to cancel.

See you tomorrow

Good morning