Hi good Morning
As we see yesterday market sustain the up move and even after the global sentiments starts out performing and yesterday we saw a huge up move a gap up opening in the US indices and the that gap up sustains there after so may days and as a result of it we saw a gap up open of around 150 points as the SGX nifty is suggesting and we may see some consolidation first and then we may see a up move as the global markets are supporting
Now we talk about the levels in the nifty and bank nifty
Nifty the strong base is formed at 17200 and 17250 and the strong resistance we face at 17500-17528
Bank nifty the strong base is formed at the 39500-39700 range Nd the very 1st resistance is at 40100 but we clear that in opening and the ultimate target is around 40500-40800 Folks may have to book profit at this level and then we think of reentering
Now we talk about the stock specific an there is nothing new in this list but INFY, HCLTECH, TCS, Axis bank, Kotak bank, ICICI Bank and PSU banks, FMCG And L&T looks good on charts with some other stocks that i will highlighted in the market time along with the preferred stocks options So for that you have to follow me and share my profile so you will get the update at first
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
As we see yesterday market sustain the up move and even after the global sentiments starts out performing and yesterday we saw a huge up move a gap up opening in the US indices and the that gap up sustains there after so may days and as a result of it we saw a gap up open of around 150 points as the SGX nifty is suggesting and we may see some consolidation first and then we may see a up move as the global markets are supporting
Now we talk about the levels in the nifty and bank nifty
Nifty the strong base is formed at 17200 and 17250 and the strong resistance we face at 17500-17528
Bank nifty the strong base is formed at the 39500-39700 range Nd the very 1st resistance is at 40100 but we clear that in opening and the ultimate target is around 40500-40800 Folks may have to book profit at this level and then we think of reentering
Now we talk about the stock specific an there is nothing new in this list but INFY, HCLTECH, TCS, Axis bank, Kotak bank, ICICI Bank and PSU banks, FMCG And L&T looks good on charts with some other stocks that i will highlighted in the market time along with the preferred stocks options So for that you have to follow me and share my profile so you will get the update at first
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
Nota
keep an eye on TECHM the next chance will be of it CMP1028Nota
as soon s the INFY fut will break the level of 1503 there is a very huge short covering in it and its that huge that you will even not getting the entry chanceNota
i will suggest you to do delta drifting in INFY that CE which i was given to you with all the logic and study involvedNota
i have 1500 CE in INF buy @ 19.75 will see the move soon to be double let me discuss the target also when the INFY is @1520 then 27 will be the target and @ 1540 the 43 will be the targetNota
keep focusing on the FINNIFTY options because of the expire very low prices and the vix is also lower and lets discuss why we took that 1500 CE on INFY because the OI on the 1500 is greater than then 44L and we are up and the indicators are also signal the strength and the vix on the CE is at 17 and the delta is about 6 so it is the best CE for having the move with the Underlying and our CE of 1460 is delta of around 1 but VIX is 0 so and also it is deep in the money and having short OI is almost already covered that's why we took 1500 CE
Nota
see the consolidation of whole day as mentioned in morning commentaryNota
the 2nd move in INFY is about to come as the indicators are crossing positive see the futures
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.