Nifty | BankNifty | FinNifty context with levels on chart.

  Recap – Last week proved to be an incredibly bullish one for the stock market, as major indices soared to new all-time highs. Both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) consistently bought into the market throughout the entire week.   Market Context for Tomorrow –  As we move forward, it is important for us to remain cautious and not be super bullish now. PCR is above 1.5 which indicates that we are in overbought zone and profit booking will start at these levels. Also it will be good for market to consolidate near the high levels before any up move. We can see stocks specific actions now as July is result month which will definitely impact stock prices. For tomorrow, expecting market to remain sideways. Nifty50 – For last three days Nifty has opened gap up and continued bullish rally. Expect some cool down now. Range for this week- (19000-19500). This range usually I make by looking at maximum OI build-up for next week. It

  Recap – A good one sided bullish day. The beauty about this trading day is that all three indices crossed the resistance mentioned in yesterday’s blog and made a support there and then gave an upside move. Market gave a good opportunity to enter with small risk and huge upside reward. All targets were hit today.   Market Context for Tomorrow –  A much awaited move in indices and we got it today. Expecting a sideways to bullish day for tomorrow. As day after tomorrow is a trading holiday so expiry day for Nifty and BankNifty will be tomorrow. We can again see a one sided action especially in Nifty. Nifty50 – Again Nifty is near its all-time high which is giving a hope that this time it should cross it. If it opens a gap up, don’t chase it as it might kill the bullish momentum and some sell off can come. 18000- 18830 will be a good zone for tomorrow. If it starts trading in this zone and then give an upside move, it will be a good entry with upside targets of 18860, 189

  Recap – Today all three indices have made an inside candle on daily basis or we can say that range is more compressed now. Levels given for today has worked beautifully in all three indices. It was clearly mentioned in yesterday’s blog that this is sell on rise market and we have seen today as well that at a particular resistance level market has shown some sell off again.   Market Context for Tomorrow –  After a sideways day and some range compression, now I am expecting some moves in the indices. Flip zones/levels in all three indices should be kept on watch for tomorrow as well and above that we might see a good trending day. Keeping rest of the levels also as it is on chart for tomorrow. Nifty50 – If Nifty sustains above the flip zone (18700-18720), good move is expected with targets on upside at 18800, 18850. If again Nifty faces resistance at this level and some bearish price action is seen, sell on rise will again work. Downside targets will be 18650, 18600.

  Recap – The last week was really an indecisive as moves were big on both sides. This made difficult for positional traders in options to stick with their overall context and make overnight positions. Although intraday wise, it was better as we got better trades at mentioned levels.   Nifty has tried multiple times to make a new high but it missed and we saw some good sell off at higher levels. FinNifty has made its new all time high and BankNifty was more of in a range with good downside moves.  Market Context for Tomorrow –  We are witnessing a sell on rise market. Try to initiate trades at major levels only after some conclusive price action. The spikes in market can very well hunt our SL (stop loss) hence we need to make sure that R: R is favourable most of the times. Looking at data OI (Open interest) and PCR (Put call ratio) is negative in all major indices and we might see more consolidation. Avoid taking bullish trades with heavy quantities until indices are crossing

  Recap – What a roller-coaster today. Market has given good sharp moves on both sides which has definitely put us in confusion regarding the direction. Days like today will hunt many SLs and it’s better to not overtrade.     Market Context for Tomorrow –  Nowadays we have to be flexible with our views and trade what we see instead of what we have planned before. The OI data, VIX changes rapidly and we are witnessing the sharp reversals on all indices. Keeping view sideways to bearish for tomorrow. Trade only at major support/resistance levels so that market gives better    R: R trades.   Nifty50 – Today Nifty gave a perception that all time high will be broken but again it turned out to be a sell on rise scenario. Levels has worked quite perfectly on both sides with all targets achieved. Keeping all levels as it is on chart as it has worked beautifully. If Nifty sustains above 18790, then only plan for a long trade with targets of 18840, 18880. Keep quantity size les