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MARKET: CUES TODAY
Fed minutes don’t indicate any rate cut
US markets needed an excuse for profit taking
US Housing data shows rate hikes have worked
Eventually Fed will have to cut rates
((Show 10 year bond yield intra-day))

TRADE SETUP
FII Net Buy 668.2 Cr in Index Futures
FII Net Buy 2286.35 Cr in Stock Futures

FIIs in Index Futures
Nifty +824 cr
Bank Nifty -148 cr

FIIs in Index Futures
Long +3470
Short -2530

FIIs in Index Futures
Long 21%
Short 79%

NIFTY OUTLOOK
First support: 19,754 (Yesterday’s low)
Bigger support: 19,675 (Options based)
First resistance: 19,875
Bigger resistance: 20,000

BANK NIFTY OUTLOOK
Weekly options expiry today
Traders need to respect option boundaries
Resistance: 43,877
Support: 43,445
Traders need to smartly play 43,445-43,877 range

GM

MARKET:BASIC SETUP
Nifty made lower high, lower low but higher close
Only Bank Nifty is stopping Nifty from hitting new highs
Nifty 2% away from highs, Bank Nifty 6%
Almost all sectoral indices except Banks and IT at highs
IT Index should be next big one to hit 52-week highs
Market leadership firmly with IT and Auto stocks
Trending series, started at Nifty level of 18,857
Trending higher series normally ends at highest point
Bond yield, Dollar and Brent all lower than 3:30 pm yesterday

NIFTY OUTLOOK
Expiry today, need to respect Option writer’s zone
First support: 19,776 (Options based)
Bigger support: 19,703 (Yesterday’s low)
First resistance: 19,875 (Series high)
Bigger resistance: 19,925 (Options based)

BANK NIFTY OUTLOOK
Respected rising 200 DMA on closing basis
Current 200 DMA at 43,324
First support: 43,324 (200 DMA)
Bigger support: 43,234 (Yesterday’s low)
Trendline support for Bank Nifty is at 42,800

GM

MARKET: ALL EYES ON THURSDAY!
Monthly options expiry of Nifty and Bank Nifty
Exit polls of state polls will come out on Thursday
Opec+ meeting on potential production cut on Thursday
FIIs still short with 78% net short positions
If no negative news comes, short covering can be big

A TRENDING SERIES
Last series close 18,857
Series low 18,926 (Day 1)
Series high 19,875 (Last Thursday)
Series close ?

19,875: BACK IN FOCUS
Nifty has hit 19,875 twice this series
19,875 was hit on Nov 16 and Nov 23
Only issue stopping Nifty is the exit poll overhang
For 2 days now, Bank Nifty has outperformed
If Bank Nifty bottoms out, will be big positive for market
This month: Midcap up 8%, Small Cap up 9.3%, Nifty up 3.7%

NIFTY OUTLOOK
First support: 19,768 (Friday low)
Bigger support: 19,690 (Options based)
First resistance: 19,875 (Series high)
Bigger resistance: 20,010 (Options based)

BANK NIFTY OUTLOOK
First support: 43,566 (Friday low)
Bigger support: 43,355 (200 DMA)
First resistance: 44,100 (options based)
Bigger resistance: 44,420 (Series high)

GM

THE D-1 DAY IS HERE!
Nifty made series low on day 1, series high yesterday
Nifty set to test 20,000 at open today

TRADE SETUP
FII on Index Futures
Change in OI Positioning
Longs +5560 24%
Shorts +4502 76%

FII short Positions
Start of the Series 89%
Today 76%

NIFTY OUTLOOK
First support: 19,875 (Previous resistance)
Bigger support: 19,780 (Options based)
First resistance: 20,000 (Psychological number)
Bigger resistance: 20,110 (Options based)
Outside chance of series ending at all-time high of 20,222

BANK NIFTY OUTLOOK
First resistance: 44,100 (Options based)
Bigger resistance: 44,420 (Series high)
First support: 43,740 (Yesterday;s low)
Bigger support: 43,580 (Options based)

GM

JUDGEMENT DAY LOOMS
Exit polls today
F&O monthly expiry today
Opec+ meeting on output cut today
Last day of month today
Nifty is ending the series at highest point

MARKET: BULLS IN CONTROL
Market broke out yesterday, Bank Nifty led the breakout
Both Bank Nifty and Nifty IT saw big buying yesterday
Nifty IT should get another leg up due to US GDP nos
Dollar and Bond yield not rallying despite strong US GDP
The only worry today is volatility ahead of exit polls
Nifty ended at highest point yesterday
If Nifty starts to trade above 20,162, another trend day possible

DELIVERY VOLUME
HDFC Bank 1500 cr
ICICI Bank 500 cr
Axis Bank 650 cr
Kotak Bank 450 cr

FII Net Short Positioning in Nov Series
Start 89%
Currently 71%

NIFTY OUTLOOK
First resistance: 20,162 (Options based)
Bigger resistance: 20,222 (All-time high)
First support: 19,972 (Options based)
Bigger support: 19,875 (Breakout zone)

BANK NIFTY OUTLOOK
First support: 44,420 (Breakout zone)
Bigger support: 44,100 (previous resistance)
First resistance: 44,720 (Options based)
Bigger resistance: 45,000 (Psychological level)