Tag: India VIX

What Happened Yesterday?

NIFTY started flat at 25,024 and moved down. Support was taken at the previous day’s low and the index quickly bounced back. A fresh all-time high was created before the index fell at 2:30 PM. NIFTY ended the day at 25,052, up 34 points or 0.14%.

U.S. markets closed in the red. European markets closed mixed.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading flat(+0.11%).

GIFT NIFTY is trading flat at 25,011, down by 44 points.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 24,970, 24,850 and 24,760. We can expect resistances at 25,080, 25,130 and 25,200.

In NIFTY, there is a high call OI resistance at 25,100. There is also good put OI support at 25,000. PCR is at 1.12, bullish.

Foreign Institutional Investors net–sold shares worth Rs -1,347 crores. Domestic Institutional Investors net–bought shares worth Rs 439 crores.

INDIA VIX fell to 13.82.

There is very high trading activity near the spot level on NIFTY options. 25,000 put is a very high activity of 4 lakh+ OI. In situations like this, a gap-down or gap-up is trouble.

But thankfully, there will be a mostly flat opening in the market today.

The U.S. market is consolidating for Nvidia results, but our markets might not see that bias today. 

In the Fib Retracement chart of last month, our previous all-time high of 25,078 is acting as a good resistance for NIFTY. A close above this level will launch the next rally for the index.

Always keep one eye open for Open Interest(OI) while trading today. The heavy trading and OI activity would trigger quick unexpected moves in the market.

We are continuing our NIFTY and BANKNIFTY trades today. You can check out the marketfeed app for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started with a gap-up at 24,636 and moved down. After a 100-point fall, the index bottomed out and gave a sideways move through the rest of the day. NIFTY ended the day at 24,572, up 31 points or 0.13%.

U.S. markets closed in the green. European markets also closed in green.

What to Expect Today?

Asian markets are trading mostly in the green, with Japan at +1.65%.

The U.S. Futures are trading flat(-0.03%).

GIFT NIFTY is trading flat at 24,636, up by 26 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,520, 24,480 and 24,320. We can expect resistances at 24,600, 24,655 and 24,760,

BANKNIFTY has supports at 50,290, 50,155 and 49,850. We can expect resistances at 50,440, 50,700, 50,800 and 50,920.

In NIFTY, there is high call OI resistance at 24,600. There is also good put OI support at 24,500. PCR is at 0.99, neutral.

In BANKNIFTY, there is high call OI resistance at 50,500. There is also good put OI support at 50,000. PCR is at 0.76, bearish.

Foreign Institutional Investors net–sold shares worth Rs -2,667 crores. Domestic Institutional Investors net–bought shares worth Rs 1,802 crores.

INDIA VIX fell to 14.31.

Our Indian markets have been on a recovery rally after the fall of August 5. But the moves rhymed with the U.S. market, which closed in green for 8 days in a row.

And even yesterday, they closed in green. Investors are expecting that the Federal Reserve may soon start reducing interest rates. 

To know that, we may get an indication tonight from the FOMC minutes and Jackson Hole Symposium. Be tuned in for tomorrow’s report!

But for today, we have clear levels to watch out for in NIFTY with a slightly positive bias. 

FINNIFTY has not moved up along with the rest of the market. Yesterday’s high being broken could result in another 100-point rally. IT index is again looking for an all-time high breakout!

We are continuing our NIFTY and BANKNIFTY trades today. You can check out the marketfeed app for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started flat at 24,359 and moved down. The opening level remained the highest level, throughout the day. An extra 100-point fall was seen after breaking Monday’s low. NIFTY ended the day at 24,139, down 208 points or 0.85%.

U.S. markets closed in the green. European markets closed in green.

What to Expect Today?

Asian markets are trading mostly mixed.

The U.S. Futures are trading flat(-0.06%).

GIFT NIFTY is trading flat at 24,193, up by 29 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,080, 24,980 and 24,900. We can expect resistances at 24,195, 24,340 and 24,480.

BANKNIFTY has supports at 49,680, 49,300 and 48,900. We can expect resistances at 50,700, 50,800 and 50,920.

In NIFTY, there is high call OI resistance at 24,300 and above. There is also good put OI support at 24,000. PCR is at 0.52, very bearish.

In BANKNIFTY, there is high call OI resistance at 51,500. There is also good put OI support at 49,000. PCR is at 0.54, very bearish.

Foreign Institutional Investors net–sold shares worth Rs -2,107 crores. Domestic Institutional Investors net–bought shares worth Rs 1,239 crores.

INDIA VIX increased to 16.16.

NIFTY gave a breakdown below the levels we discussed yesterday, and did not recover. A large part was contributed by HDFC Bank and BANKNIFTY’s bearishness.

Tonight, we will be seeing inflation data from the U.S. being published. This will help the market players understand how much the interest rates can get cut in September.

India’s inflation data was indeed positive on Monday.

NIFTY is back to bear territory, playing very near the 24k mark. And with today being the expiry for both NIFTY and BANKNIFTY, volatility is a given.

The higher VIX and inflation data from the U.S. tonight will not let the market move up today. Keep watching the levels we have talked about above while making your trading decisions.

The Bank index is near support ranges, where it was trading in the first half of June. You can find some good trades if these levels are broken, but they will be strong.

We are continuing our NIFTY and BANKNIFTY trades today. You can check out the marketfeed app or our website for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started with a gap-down at 24,320 and moved down. After a 100-point fall, the index rallied 260 points and touched its highest level since Aug 2. The rest of the day saw a fall and consolidation. NIFTY ended the day at 24,347, down 20 points or 0.08%.

U.S. markets closed mixed. European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly mixed, with Japan in 2% green.

The U.S. Futures are trading in the green(+0.14%).

GIFT NIFTY is trading flat at 24,332, down by 14 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,340, 24,200 and 24,080. We can expect resistances at 24,480, 24,595 and 24,650.

BANKNIFTY has supports at 50,445, 50,170 and 50,000. We can expect resistances at 50,700, 50,800 and 50,920.

In NIFTY, there is high call OI resistance at 24,500. There is also good put OI support at 24,300. PCR is at 0.79, bearish.

In BANKNIFTY, there is high call OI resistance at 51,000. There is also good put OI support at 50,000. PCR is at 0.99, neutral.

Foreign Institutional Investors net–sold shares worth Rs -4,680 crores. Domestic Institutional Investors net–bought shares worth Rs 4,477 crores.

INDIA VIX increased to 15.86.

The entire last week, NIFTY traded in a 500-point zone between 23,920 and 24,420. Yesterday, it gave a brief breakout above the resistance zone. 

U.S. Jobs data is coming out tomorrow night, and the markets are watching for that. Bad data caused a panic in the market week.

The 24,650 level would need to be considered an important resistance this week. Breaking this will indicate a trend reversal to bullish.

Options traders are playing it safe, with the higher VIX giving better premiums. Your trading strategy should also be cautious for the week.

We are continuing our NIFTY and BANKNIFTY trades today. You can check out the marketfeed app or our website for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started flat at 24,851 yesterday and went up. The index could not break the 25k mark and yesterday’s high. The last 45 minutes saw the entire day’s gains being lost. NIFTY ended the day at 24,857, up 21 points or 0.09%.

U.S. markets closed mixed. European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly in the green, except Japan.

The U.S. Futures are trading in the red(-0.25%).

GIFT NIFTY is trading in small green at 24,962, up by 31 points.

All the factors combined indicate a flat to small gap-up opening in the market.

NIFTY has supports at 24,760, 24,650 and 24,480. We can expect resistances at 24,920, 25,000 and 25,100.

BANKNIFTY has supports at 51,260, 51,000 and 50,700. We can expect resistances at 51,600, 51,800 and 52,000.

In NIFTY, there is high call OI resistance at 25,000. There is also good put OI support at 24,800. PCR is at 1.09, slightly bullish.

In BANKNIFTY, there is high call OI resistance at 52,000. There is also good put OI support at 51,500 and 51,000. PCR is at 0.75, bearish.

Foreign Institutional Investors net–sold shares worth Rs -5,598 crores. Domestic Institutional Investors net–bought shares worth Rs 5,565 crores.

INDIA VIX fell to 12.88.

NIFTY’s breakout on Friday and the gap-up on Monday have kept bulls on the edge. The index is so very near the 25,000 mark and is just being kept down temporarily. At least, that is my opinion.

If the market sustains around these zones for the next 2 days, it could make a good move on Friday.

There is the U.S. Federal Reserve’s interest-rate decision, and Jerome Powell’s press conference tonight. So keep an eye out for that. This one event alone can maybe dictate Friday’s direction. Japan’s interest rate decision is also coming out.

NASDAQ and other international indices are already down 5-10% from their all-time highs in July.

Last Friday, we watched 24,650 on the upper side as a signal for a breakout. The same 24,650 level needs to be looked at as support this week. 25,000 is the new upper resistance.

Any breakout beyond these zones will be a confirmation of a fresh trend. But currently, there is no bear attack in the market.

We are continuing our NIFTY and BANKNIFTY trades today. You can check out the marketfeed app or our website for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started yesterday at 24,230 with a gap-down and went up. The market showed strength from the morning and was on a clear uptrend. By the end of the day, the index barely closed flat. NIFTY ended the day at 24,406, down by 7 points or 0.03%.

U.S. markets closed mixed. European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly in the green.

The U.S. Futures are trading in the green.

GIFT NIFTY is trading in small green at 24,478, up by 20 points.

All the factors combined indicate a flat to small gap-up opening in the market.

NIFTY has supports at 24,375, 24,300, 24,220 and 24,170. We can expect resistances at 24,480, 24,650 and 24,800.

BANKNIFTY has supports at 50,700, 50,550 and 50,250. We can expect resistances at 51,260, 51,800 and 52,000.

Foreign Institutional Investors net–sold shares worth Rs 2,605 crores. Domestic Institutional Investors net–bought shares worth Rs 2,431 crores.

INDIA VIX increased to 12.61.

The market is still confused after the volatility of budget day. NIFTY has been trading between the budget candle for 2 days in a row. However, BANK NIFTY has kept falling.

Earnings season is now continuing, and the market is mostly reacting accordingly.

But the Dow Jones is down 3%, and traders across the world are panicking. The U.S. index is near recent support in daily charts, so just keep a watch out for global trends.

Otherwise, IT, FMCG, and Auto seem to be the strongest indices. If they keep strong while the market is down, we might see a long period of breakout over the coming months.

Last Friday is when we say a deep correction in the market. Let us watch today for a cue on next week.

As we discussed on Tuesday, NIFTY should keep above the 24,150 support zone for this current rally to continue. 24,650 can be looked at on the upper side!

Any breakout beyond these zones will be a confirmation of a fresh trend. But currently, there is no bear attack in the market.

We are entering fresh NIFTY trades and continuing our BANKNIFTY trades today. You can check out the marketfeed app or our website for updates!

All the best for the day!

What Happened Yesterday?

NIFTY started yesterday at 24,450 with a gap-down and fell. The market bottomed out in the first 5 minutes and started moving back up. There was consolidation towards the second half. NIFTY ended the day at 24,509, down by 21 points or 0.09%.

U.S. markets closed in the green. European markets closed in green.

What to Expect Today?

Asian markets are trading mostly in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in small green at 24,537, up by 20 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,480, 24,300, 24,220 and 24,170. We can expect resistances at 24,500, 24,650 and 24,800.

BANKNIFTY has supports at 52,200, 52,000 and 51,700. We can expect resistances at 52,420, 52,630 and 52,800.

In Nifty, the highest call OI is at 25,500 call strikes, with 24,500 put strike having high open interest. PCR is at 0.89, bearish.

For Bank Nifty, the maximum call OI is at 52,500 and 53,000. The maximum put open interest is at 50,000. PCR is at 0.58, bearish.

Foreign Institutional Investors net–bought shares worth Rs 3,444 crores. Domestic Institutional Investors net–sold shares worth Rs -1,652 crores.

INDIA VIX increased to 15.43.

The market opened with a big gap-down as expected yesterday. But the bulls did not let it go further down, ahead of the budget. The Economic Survey showed excellent growth projections for GDP numbers. So after all the volatility, major indices closed flat.

It is the Union Budget day today, and all eyes in the market are looking at Nirmala Sitharaman at 11 AM. As always, the budget day brings a lot of volatility along with it.

Rumours say that tax cuts for salaried individuals and increases for Long Term Capital Gains are expected. This will impact the general market.

But market players are also looking out for sectoral plays, based on different budget allocations.

The best way to look at today would be to watch for price action moves after the budget speech ends. Anything before that would be pure speculation.

Keeping track of the budget day, but not taking a trade is also an option. And that sounds like a good option to me!

NIFTY should keep above the 24,150 support zone for this current rally to continue. 24,650 can be looked at on the upper side!

We are not running our NIFTY and BANKNIFTY trades for the budget week. You can check out the marketfeed app or our website for new trades on Thursday!

All the best for the day!

What Happened Yesterday?

NIFTY started yesterday at 24,450 with a gap-down and fell. The market bottomed out in the first 5 minutes and started moving back up. There was consolidation towards the second half. NIFTY ended the day at 24,509, down by 21 points or 0.09%.

U.S. markets closed in the green. European markets closed in green.

What to Expect Today?

Asian markets are trading mostly in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in small green at 24,537, up by 20 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,480, 24,300, 24,220 and 24,170. We can expect resistances at 24,500, 24,650 and 24,800.

BANKNIFTY has supports at 52,200, 52,000 and 51,700. We can expect resistances at 52,420, 52,630 and 52,800.

In Nifty, the highest call OI is at 25,500 call strikes, with 24,500 put strike having high open interest. PCR is at 0.89, bearish.

For Bank Nifty, the maximum call OI is at 52,500 and 53,000. The maximum put open interest is at 50,000. PCR is at 0.58, bearish.

Foreign Institutional Investors net–bought shares worth Rs 3,444 crores. Domestic Institutional Investors net–sold shares worth Rs -1,652 crores.

INDIA VIX increased to 15.43.

The market opened with a big gap-down as expected yesterday. But the bulls did not let it go further down, ahead of the budget. The Economic Survey showed excellent growth projections for GDP numbers. So after all the volatility, major indices closed flat.

It is the Union Budget day today, and all eyes in the market are looking at Nirmala Sitharaman at 11 AM. As always, the budget day brings a lot of volatility along with it.

Rumours say that tax cuts for salaried individuals and increases for Long Term Capital Gains are expected. This will impact the general market.

But market players are also looking out for sectoral plays, based on different budget allocations.

The best way to look at today would be to watch for price action moves after the budget speech ends. Anything before that would be pure speculation.

Keeping track of the budget day, but not taking a trade is also an option. And that sounds like a good option to me!

NIFTY should keep above the 24,150 support zone for this current rally to continue. 24,650 can be looked at on the upper side!

We are not running our NIFTY and BANKNIFTY trades for the budget week. You can check out the marketfeed app or our website for new trades on Thursday!

All the best for the day!

What Happened Yesterday?

NIFTY started Friday at 24,854 with a gap-up and fell. It was an all-time high opening but the index fell back to its consolidation zone from last week. With the biggest intraday fall since June 2, NIFTY ended the day at 24,530, down by 270 points or 1.09%.

U.S. markets closed in the red. European markets closed in the red.

What to Expect Today?

Asian markets are trading mostly in the red.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in red at 24,394, down by 142 points.

All the factors combined indicate a gap-down opening in the market.

NIFTY has supports at 24,480, 24,300, 24,220 and 24,170. We can expect resistances at 24,500, 24,650 and 24,800.

BANKNIFTY has supports at 52,200, 52,000 and 51,700. We can expect resistances at 52,420, 52,630 and 52,800.

Last week, Foreign Institutional Investors net–bought shares worth Rs 10,944 crores. Domestic Institutional Investors net–sold shares worth Rs -4,226 crores.

INDIA VIX increased to 14.86.

Even with the fall on Friday, NIFTY closed above its previous day’s low and the 24,500 mark. However, the smallcap and midcap indices saw a fall of more than 2%.

In the U.S., Joe Biden dropped out of the presidential race. Asian markets are responding negatively to this.

IT stocks look the strongest for now, with Infosys even closing 2% in green on Friday. The rally is fueled by Q1 results.

Tomorrow is the budget day, you can expect the market to be volatile for sure. Tax cuts for salaried individuals and increases for Long Term Capital Gains are expected.

Reliance Industries reported a 5% fall YoY in its consolidated net profit to Rs 15,138 crore for the Q1. Even though this came out on Friday, markets will be reacting to it today. Reliance GDR trends indicate a 3-4% gap-down.

Similarly, Wipro ADR is down by 11% after it predicted revenue to decrease next quarter. HDFC Bank and Kotak Bank will also react to their results.

All things considered, the market will be weak today. Watch for it to keep above the 24,200 and 24,000 marks. Otherwise, a bigger fall would follow.

We are not running our NIFTY and BANKNIFTY trades for the budget week. You can check out the marketfeed app or our website for new trades on Thursday!

All the best for the day!

What Happened Yesterday?

NIFTY started Friday at 24,213 with a gap-down and fell. It took support soon and tried to move back up. After trading the entire day in red, the index saw a 150-point rally in the last 30 minutes. With this, NIFTY ended the day at 24,323, up by 21 points or 0.09%.

U.S. markets closed in green. European markets closed mixed.

What to Expect Today?

Asian markets are trading mostly in the red.

The U.S. Futures are trading in the red.

GIFT NIFTY is trading flat at 24,392, down by 6 points.

All the factors combined indicate a flat opening in the market.

NIFTY has supports at 24,220, 24,170 and 24,050. We can expect resistances at 24,300, 24,360, 24,400 and 24,500.

BANKNIFTY has supports at 52,620, 52,400 and 52,000. We can expect resistances at 52,800, 53,000 and 53,200. 

Foreign Institutional Investors net–bought shares worth Rs 1,241 crores. Domestic Institutional Investors net–sold shares worth Rs -1,651 crores.

INDIA VIX fell to 12.69.

GIFT NIFTY is indicating a gap-down opening, but it could be a false alarm.

Last Friday was the first gap-down opening in NIFTY since June 26. But in the end, heavy buying by institutional investors pushed it up.

HDFC Bank ADR in the U.S. is down 7%, but this is just a reflection of the fall over the last 2 days.

TCS will announce its Q2 results on July 11th, Thursday. By Friday, we will get both the U.S. and Indian inflation rates. 

And the budget will be announced on July 23rd which is a Tuesday. These are all the upcoming events that the market is looking forward to. 

Reliance has broken the flag pattern we discussed last week and reached an all-time high. The I.T. index is very close to its 52-week highs, so keep that in mind.

DIIs cannot stay selling in the market for too long, especially with fresh SIPs of the month flowing in.

We will be continuing our BANKNIFTY trades and NIFTY trades today. You can check out the marketfeed app or our website for new trades!

All the best for the day!

What Happened Yesterday?

NIFTY started yesterday at 24,370 with a gap-up and fell. It took support at 24,320 immediately and bounced back 100 points. Another day of tight trading put NIFTY at 24,302, up by 15 points or 0.06%.

U.S. markets were closed for a holiday. European markets closed in the green.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in red at 24,340, down by 73 points.

All the factors combined indicate a flat to gap-down opening in the market.

NIFTY has supports at 24,220, 24,050 and 23,910. We can expect resistances at 24,300, 24,400 and 24,500.

BANKNIFTY has supports at 53,000, 52,800 and 52,620. We can expect resistances at 53,230, 53,500 and 53,600. 

Foreign Institutional Investors net–bought shares worth Rs 2,575 crores. Domestic Institutional Investors net–sold shares worth Rs -2,375 crores.

INDIA VIX fell to 12.85.

GIFT NIFTY is indicating a gap-down opening, but it could be a false alarm.

The dip in NIFTY below 24,300 after 3 PM would have been scary for weekly options traders. HDFC Bank also lost all its gains from Wednesday, and news has now come out with data of a fall in loan growth.

All the markets across the world are trading at all-time highs. So healthy corrections would be welcome, as long as they are still keeping NIFTY above the 24,000 mark.

For the beginning of the month data points, banks will be giving their reports on Loans & Deposit growth. Watch for this.

Since the U.S. markets were closed for the 4th of July holiday, there are no specific cues to watch out for. So expect some profit booking to continue from DIIs today, and watch for a direction in the last 1 hour of trade.

We will be continuing our BANKNIFTY trades and entering new NIFTY trades today. You can check out our marketfeed app or our website for new trades!

All the best for the day!

What Happened Yesterday?

NIFTY started yesterday at 24,292 with a gap-up and fell. It was a tight trading range of under 100 points. NIFTY finally ended at the day-high, and closed at 24,286, up by 162 points or 0.67%.

U.S. markets closed in green. The European markets closed in the green.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading flat.

GIFT NIFTY is trading in green at 24,456, up by 63 points.

All the factors combined indicate a slight gap-up opening in the market.

NIFTY has supports at 24,220, 24,050 and 23,910. We can expect resistances at 24,300, 24,400 and 24,500.

BANKNIFTY has supports at 53,000, 52,800 and 52,620. We can expect resistances at 53,230, 53,500 and 53,600. 

NIFTY has the highest call OI resistance at 24,500 and 24,300. The highest put OI support at 24,200 and 24,300. PCR is at 1.13, bullish.

Foreign Institutional Investors net–bought shares worth Rs 5,483 crores. Domestic Institutional Investors net–sold shares worth Rs -924 crores.

INDIA VIX fell to 13.20.

HDFC Bank and Bank Nifty both opened with a gap-up yesterday. But while HDFC Bank saw profit booking, others pushed up the index to close above 53k for the first time.

Expiry traders would still have found it easy, as the index traded in a tight range after 9:30 AM.

For the NIFTY traders, the 24,300 level would have been a good resistance. If the market opens above it and sustains, we will have to expect some short-covering move in the first 30 minutes.

Finance stocks are also bullish, so expect them to fire.

The U.S. markets will be closed tonight for the 4th of July holiday. Might see lower FII involvement, and pure retail play today.

We will be continuing our NIFTY trades and entering new BANKNIFTY trades today. You can check out our marketfeed app or our website for new trades!

All the best for the day!