Tag: opening bell

What Happened Yesterday?

NIFTY started the day at 19,027 with a gap-down of 95 points. Then, it fell sharply by 195 points to 18,850 levels. Post 11:30 AM, the index mostly consolidated in a nearly 70-point range. Nifty closed at 18,857, down by 264 points or 1.39%.

BANK NIFTY started the day at 42,708 with a gap-down of 124 points. Initially, the index crashed 610 points to 42,105. For the rest of the day, the index slowly tried to move up. BANK NIFTY closed at 42,280, down by 551 points or 1.29%.

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

What to Expect Today?

Asian markets are trading in the green, with Japan at 1.5% up.

The U.S. Futures are trading in green(+0.33%).

GIFT NIFTY is trading in red at 19,005.

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

NIFTY has supports at 18,830, 18,745 and 18,612. We can expect resistances at 19,000 19,055 and 19,110.

BANK NIFTY has supports at 42,270, 42,000 and 41,830. Resistances are at 42,454, 42,700 and 42,900.

Foreign Institutional Investors net–sold shares worth Rs -7,702 crores. Domestic Institutional Investors net-bought worth Rs 6,558 crores.

INDIA VIX is at 11.73.

NIFTY took near-perfect support at the 200-day EMA mark of 18,850 yesterday. Breaking 19k was nearly immediate yesterday.

For the monthly expiry week, NIFTY moved down nearly 4% from last Thursday. And today, we have some strength being shown by international markets.

U.S. GDP numbers came out well yesterday, with data showing that the US economy grew 4.9% in the third quarter. U.S. markets still faced some selling and are near a 6-month low.

Today, the general sentiment of the market is that there is an upward room till 19k mark from here. There is good support forming around the 200-day EMA mark and OI level of 18,800.

Reliance Industries’ result is coming out today, the largest company in India, and the last from major NIFTY 50 companies. The oil-to-chemicals business is expected to see muted growth. 

The moves of Reliance around this support zone for NIFTY will be crucial. But results will be announced only after market hours.

Watching NIFTY between the trading zones of 18,850 and 19,000 today. Trade safe!

We will be entering fresh trades today. You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 19,286. After an initial up-move to 19,350 levels, the index fell 270 points to 19,075. The index consolidated post 1:30 PM and closed at 19,122, down by 159 points or 0.83%.

BANK NIFTY BANK NIFTY (BNF) started the day at 43,308 with a gap-up of 157 points. After an initial consolidation, the index fell nearly 600 points from the intraday high (continuing the fall from yesterday). BNF closed at 42,832, down by 319 points or 0.74%.

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

What to Expect Today?

Asian markets are trading in the red, with Japan and Korea 2% down.

The U.S. Futures are trading in red(-0.20%).

GIFT NIFTY is trading in red at 19,023.

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

NIFTY has supports at 19,055, 19,000 and 18,900. We can expect resistances at 19,230, 19,310 and 19,370.

BANK NIFTY has supports at 42,815, 42,650 and 42,450. Resistances are at 43,000m 43,100 and 43,260.

For NIFTY, the highest call OI Buildup is at 19,500 and the highest put OI buildup is at 19,000. PCR is at 0.55.

For BANK NIFTY, the highest call OI Buildup is at 43,000 and the highest put OI buildup is at 42,000. PCR is at 0.48.

Foreign Institutional Investors net–sold shares worth Rs 4,236 crores. Domestic Institutional Investors net-bought worth Rs 3,569.36 crores.

INDIA VIX is at 11.31.

It has been two days of back-to-back fall in the market, with NIFTY breaking the important 3-month low of 19,230. 

With today being the monthly expiry, you can expect some more volatility. The current expectation is definitely that there would be more downside till 19,000 in NIFTY.

NIFTY was in a crazy bull rally during July when it was in this zone. So the support levels have a lot of gaps between them. Falls and bounces might be quick, so keep that in mind!

Axis Bank reported a net profit of Rs 5864 crore for the July-September FY24 quarter, a 10% YoY jump and better than street estimates. Meanwhile, TechM profits fell heavily to 62% YoY.

The Asian markets are continuing to move down after opening in red. With this expectation of a gap-down, how NIFTY behaves at 19,000 will be crucial. If that level is broken, the nearby major support will be the 200-day EMA at 18,850.

Let us see what the monthly expiry holds! Trade safe!

You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,521 with a gap-down of 21 points. Once 19,500 was broken it was a free fall in the market. Including the last 30 minutes fall, Nifty closed at 19,281, down by 260 points or 1.34%.

BANK NIFTY (BNF) started the day at 43,822 with a small gap-up of 99 points. Despite the gap-up, it was the index that fell the most. Once 43,600 was broken, the index quickly fell 500 points more. BANK NIFTY closed at 43,151, down by 571 points or 1.31%.

U.S. markets closed in the red on Monday, and recovered on Tuesday. The European markets were also similar.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading in green(+0.24%).

GIFT NIFTY is trading in red at 19,309.

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

NIFTY has supports at 19,227, 19,050 and 19,000. We can expect resistances at 19,310, 19,370 and 19,440.

BANK NIFTY has supports at 43,100, 43,000 and 42,815. Resistances are at 43,260, 43,390 and 43,470.

For NIFTY, the highest call OI Buildup is at 19,600 and the highest put OI buildup is at 19,000. PCR is at 0.57.

For BANK NIFTY, the highest call OI Buildup is at 44,000 and the highest put OI buildup is at 43,000. PCR is at 0.46.

Foreign Institutional Investors net–bought shares worth Rs 252 crores. Domestic Institutional Investors net-bought worth Rs 1,111 crores.

INDIA VIX is at 10.90.

Monday was a bloodbath in the market for the FINNIFTY expiry. The trend of expiries being difficult to trade continued and this time the market fell by a lot.

And tomorrow is the monthly expiry, and the market trend will have to be shown today. On Monday, we were waiting to see if there was a recovery to sell puts in the market, but it was a day of fall. 

It might be difficult for the market to give a reversal confirmation today. BANK NIFTY is at its 5-month low and has broken the 200-day EMA.

While going back up, all the earlier supports will act as resistances. And with BNF being more bearish than NIFTY generally, you will need good support from Banks for this up-move.

Global markets are trying to stabilise after their Monday night fall.

Once again, the market is overly bearish. There are very few puts sold for the monthly expiry. Let us see if that changes at the beginning of the day.

A gentle reminder that it is NOT the BANK NIFTY expiry today. Both NIFTY and BANK NIFTY will be expiring tomorrow.

You can check out our trades on marketfeed app or our website!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started last week at 19,737 and tried to move up. Monday and Tuesday were slightly in green, before it started the fall on Wednesday. Nifty closed at 19,542, down by 208 points or 1.06% from last Friday.

BANK NIFTY started last week at 44,207 and then moved up. Tuesday and Wednesday saw good red candles. With further gap-downs, BANK NIFTY closed the week at 43,723, down by 600 points or 1.35% from last Friday.

U.S. markets closed in the red. The European markets were also in red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in green(+0.04%).

GIFT NIFTY is trading in red at 19,476.

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

NIFTY has supports at 19,490, 19,440 and 19,366. We can expect resistances at 19,560, 19,640 and 19,720.

BANK NIFTY has supports at 43,680, 43,480 and 43,390. Resistances are at 43,840, 44,000 and 44,150.

Foreign Institutional Investors net–bought shares worth Rs 456 crores. Domestic Institutional Investors net-bought worth Rs 8 crores.

INDIA VIX is at 10.86.

The market has closed with a solid weekly red candle. And right now how it opens is crucial for the week.

The market will be very close near 19,500 when it opens. The way it responds around is what we have to see. 

It is the FINNIFTY expiry today, with the highest call OI at 19,700 and the highest put OI at 19,400. PCR is at 0.75.

There are fewer puts sold in the market yet, so watch out after 9:30 if this happens.

BANK NIFTY is also near 43,400, which has to be watched. 

Hoping that the week will not be a good fall, and consolidation will be seen. If this is the case, we will sell more puts as the market stabilises.

Do keep in mind that tomorrow is a holiday in the market, and it is the monthly expiry week!

And we will be continuing to monitor trades on NIFTY and BANK NIFTY today. Both expiries will be on Thursday. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,545 with a big gap-down of 126 points. The index took support near the round levels of 19,500, and moved back up. Nifty closed at 19,624, down by 46 points or 0.24%.

BANK NIFTY started the day at 43,616 with a gap down of 272 points. After the big gap-down, the index rose sharply till yesterday’s closing levels of 44,000, and then kept on being volatile. BANK NIFTY closed at 43,754, down by 134 points or 0.31%.

U.S. markets closed flat in the red. The European markets were also in red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in red(-0.04%).

GIFT NIFTY is trading in red at 19,529.

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

NIFTY has supports at 19,490, 19,440 and 19,366. We can expect resistances at 19,560, 19,640 and 19,720.

BANK NIFTY has supports at 43,680, 43,480 and 43,390. Resistances are at 43,840, 44,000 and 44,150.

Foreign Institutional Investors net–sold shares worth Rs -1,093.47 crores. Domestic Institutional Investors net-bought worth Rs 736.15 crores.

INDIA VIX is at 10.89.

The market kept trading above 19,500 with ease yesterday. A green candle was formed in the daily charts.

But today, it looks like the market is in a mood to move down again. The U.S. markets have fallen, and the Asian markets are also in the red.

Since we are going into the weekend, most likely our market will not try to go against international cues.

But 19,500 is there as an important support nearby, and if that is held, then the market conditions will still be okay.

BANK NIFTY is much weaker and is near its low from May 2023. It will have to hold above 43,400 to maintain some strength over the weekend.

Some added volatility can be expected for the upcoming monthly expiry week, and also for the fact that multiple stocks are still pending to announce their quarterly results. ICICI Bank and Kotak Bank are coming out tomorrow.

And we will be entering fresh trades on NIFTY and BANK NIFTY today. Both expiries will be on Thursday. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day flat at 19,820. After forming a big red candle at opening, the index tried to move up but faced resistance at 19,840 once again. Then it gave a sharp fall of nearly 170 points (forming lower lows along the way) and mostly consolidated after 12 PM. Nifty closed at 19,671, down by 140 points or 0.71%.

BANK NIFTY started the day flat at 44,404. The index fell over 500 points after 10 AM and consolidated for the rest of the day. BANK NIFTY closed at 43,888, down by 520 points or 1.17%.

U.S. markets closed flat in the red. The European markets were also in red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in red(-0.15%).

GIFT NIFTY is trading in red at 19,570.

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

NIFTY has supports at 19,640, 19,580 and 19,490. We can expect resistances at 19,720 and 19,790.

BANK NIFTY has supports at 43,840, 43,680 and 43,480. Resistances are at 44,000, 44,150 and 44,280.

NIFTY has highest calls sold at 19,800. The highest puts are sold at 19,600. PCR is overly bearish at 0.67.

Foreign Institutional Investors net–sold shares worth Rs 1,831 crores. Domestic Institutional Investors net-bought worth Rs 1,469 crores.

INDIA VIX is at 10.96.

In Bank NIFTY yesterday, quick moves posed a threat to traders. Even though PCR was indicating bearishness, there was good put-selling in the index. Once the market started going down, these sellers had to run for cover and pulled down the index even further.

Bajaj Finance fell over 2% after announcing its results yesterday. The market found out a reason to push it down.

Only Pharma stocks showed strength in the market yesterday.

NIFTY has some key supports that you can watch for. But Bank Nifty looks to be a bit worrying at the moment. It has also broken a long-term trendline from June 2022, which is not a good sign.

NIFTY will have to stay afloat above 19,500 to have some hope today. Let us see how the market opens and performs. Trade safe for the NIFTY expiry today!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,849 with a gap-up of 120 points. The index moved down immediately and traded in a 60-point zone. NIFTY closed at 19,811, up by 79 points or 0.4%.

BANK NIFTY (BNF) started the day at 44,589 with a gap-up of 350+ points. After falling and consolidating near 44,500 levels, the index fell sharply afternoon. At the end of the day, BANK NIFTY closed at 44,409, up by 183 points or 0.42%.

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

What to Expect Today?

Asian markets are trading mixed.

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

GIFT NIFTY is trading in red at 19,804.

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

NIFTY has supports at 19,790, 19,720 and 19,640. We can expect resistances at 19,840, 19,870 and 19,950.

BANK NIFTY has supports at 44,220, 43,960 and 43,840. Resistances are at 44,520, 44,600 and 44,800.

NIFTY has highest calls sold at 20,000. The highest puts are sold at 19,700. PCR improved to 0.93.

BANK NIFTY has highest calls sold at 43,000. The highest puts are sold at 44,500. PCR improved to 0.71.

Foreign Institutional Investors net–bought shares worth Rs 263 crores. Domestic Institutional Investors also net-bought worth Rs 112 crores.

INDIA VIX is down to 10.69.

NIFTY gave another day of consolidation after the initial gap-up. HDFC Bank results contributed to the green, but the stock made just under 1% move.

FINNIFTY expiry also turned out to be consolidating. 

Bajaj Finance results came out after market hours, and profits went up 26% YoY. There is a chance for a good move in the stock. 

It is the BANK NIFTY expiry today, and the upper resistance of 44,600 is important. The level has been taken as a resistance in day-candles 3 times in the last 2 weeks. Even though there are more calls sold in the market, especially at 44,500, the index is majorly giving signs of consolidation.

Similarly, NIFTY has been testing the 19,840 resistance for quite some time. Let us see if there is enough positivity in the market to break this zone!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,737 with a small gap-down of 14 points. The index moved up to the 19,780 resistance zone and consolidated between 19,730 and 19,780 (a 50-point range) for most part of the day. NIFTY closed at 19,731, down by 19 points or 0.1%.

BANK NIFTY (BNF) started the day at 44,204 with a gap-down of 87 points. After falling and taking support at 44,045 levels, the index rose nearly 310 points to 44,350 levels. After 11:30 AM, BNF consolidated with a negative bias to close at 44,225, down by 62 points or 0.14%.

U.S. markets closed flat in green(+0.9%). The European markets were in the green.

What to Expect Today?

Asian markets are trading in the green.

The U.S. Futures are trading slightly flat.

GIFT NIFTY is trading in green at 19,805.

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

NIFTY has supports at 19,720, 19,640 and 19,560. We can expect resistances at 19,790, 19,840 and 19,870.

BANK NIFTY has supports at 44,220, 43,960 and 43,840. Resistances are at 44,520, 44,600 and 44,800.

FINNIFTY has supports at 19,800, 19,733 and 19,700. Resistances are at 19,900, 20,000 and 20,120.

FINNIFTY has highest calls sold at 20,000. The highest puts are sold at 19,500 and 19,800. PCR is bearish at 0.79.

Foreign Institutional Investors net–sold shares worth Rs -593.66 crores. Domestic Institutional Investors net-bought worth Rs 1,184 crores.

INDIA VIX is up to 11.07.

Market gave a good consolidating Monday. Still the levels to watch out for the week have not been broken 19,720 – 19,840.

HDFC Bank results came out after market hours, and profits went up 50% YoY. 

Non-Performing Assets have increased quite a bit, due to the calculation changes after the merger. But most of this was already expected after the historic merger with HDFC.

We will be seeing the Bajaj Finance results also coming out today. All this with the FINNIFTY expiry will be creating a lot of volatility in the index today.

The impact of these results along with the premium moves that we saw last Tuesday, will definitely cause a fear for retailers.

Leave the first 10 minutes to HDFC Bank to give a move. If the market stabilises in this time, it would be a good time to enter a trade. 

Meanwhile keep an eye on NIFTY’s immediate levels also!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY ended last week in slight green, despite Monday’s gap-down. The bears went overly short in the market and got punished on Tuesday. There was consolidation towards the end of the week, and NIFTY closed at 19,751, up +0.31% or 61 points.

BANK NIFTY had a very similar week and moved in a 1,000-point zone. Even with the short covering, the entire week could not close in green. BANK NIFTY closed at 44,287, down -0.16% or 72 points for the week.

U.S. markets closed flat on Friday. The European markets were in the red.

What to Expect Today?

Asian markets are trading in the red.

The U.S. Futures are trading slightly in the green(+0.13%).

GIFT NIFTY is trading in green at 19,729.

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

NIFTY has supports at 19,720, 19,640 and 19,560. We can expect resistances at 19,790, 19,840 and 19,870.

BANK NIFTY has supports at 44,220, 43,960 and 43,840. Resistances are at 44,520, 44,600 and 44,800.

Foreign Institutional Investors net–sold shares worth Rs -2,199 crores this week. Domestic Institutional Investors net-bought worth Rs 3,939 crores.

INDIA VIX is down to 10.61.

Last week was definitely a crazy week for NIFTY. With the Monday fall, and Tuesday short covering, the entire balance of the market went off.

Infosys and TCS results came out, and the market punished both stocks. 

This week, more stocks especially from the banking sector are set to announce their results. HDFC Bank shifted their results from yesterday to today which might cause some exciting moves in the market.

Going into the weekend, NIFTY had bullish PCR values after a long time. That means, more puts were sold in the market than calls.

NIFTY has a good support and resistance level nearby at 19,720 and 19,840. After this, the levels to watch out for will be 19,600-20,000

Keep an eye on FINNIFTY levels and the moves with the HDFC Bank today!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!

What Happened Yesterday?

NIFTY started the day at 19,822 with a small gap-up of 11 points. Right from opening, the index moved in a 75-point range between 19,770 and 19,845. Nifty closed at 19,794, down by 17 points or 0.09%.

BANK NIFTY started the day at 44,571 with a gap-up of 55 points. Throughout the day, the index consolidated in just a 110-point range between 44,550 and 44,660. BNF closed at 44,599, up by 82 points or 0.18%.

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

What to Expect Today?

Asian markets are in trading in the red.

The U.S. Futures are trading slightly in the green(+0.10%).

GIFT NIFTY is trading in green at 19,689.

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

NIFTY has supports at 19,790, 19,720 and 19,640. We can expect resistances at 19,840, 19,870 and 19,950.

BANK NIFTY has supports at 44,520, 44,220 and 43,960. Resistances are at 44,600, 44,800 and 44,900.

Foreign Institutional Investors net–sold shares worth Rs 1,862 crores. Domestic Institutional Investors net-bought worth Rs 1,532.08 crores.

INDIA VIX is down to 10.61.

NIFTY also gave a proper consolidating expiry. So the week started with a lot of volatility with the gap-down on Monday and the sharp pullback on Tuesday and Wednesday. And now it looks to be in a mood to consolidate.

TCS results came out in a non-exciting way and got punished by the market. Yesterday, Infosys results came out and ended up pulling the INFY ADR in New York down by 7%.

The stock is expected to open with a gap-down today.

The U.S. CPI came out at 3.7%, the same as the previous month but higher than expectations. This pushed the U.S. markets down by 0.5% yesterday.

NIFTY has a good support and resistance level nearby at 19,720 and 19,840. After this, the levels to watch out for will be 19,600-20,000

Let us see if today and tomorrow will stay within the first support and resistance levels. Trade well!

Follow along with Smart Money (NIFTY) and Piggy Bank (BANK NIFTY) trades for the week. You can check out the marketfeed app or our website for trades!

Make sure that you tune in to The Stock Market Show at 7 PM on our YouTube channel. All the best for the day!