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NIFTY : Nifty closed today at 11665.95, 67.95 points up. After positive start, soon Nifty lost its strength and came down to 11610.35 level from morning high 11664.85. After that market was in narrow range till 3 pm. After 3 PM, we have seen some short covering in market and Nifty made new intraday high of 11688.50. Nifty Future April moved to day high 11783.15 in last 10 minute market. In morning session Nifty Future made low 11680.05. We have seen good buying in Nifty weekly and monthly call options of strike price 11500, 11600, 11700, 11800 from lower levels. Nifty just closed above its resistance level of 11662 mentioned in yesterday post, so we have to see market on Monday atleast for one hour to make any fresh position. Nifty next resistance at 11710 and 11760. Nifty now having good support at 11590 level, below 11570 we can see selling pressure in market.
BANKNIFTY : Banknifty closed today at 30084.65, 179.75 points up. Same like Nifty, Banknifty also given positive opening and touched level of 30118.10, and from this level Banknifty slipped to level of 29853.65. Till 2 pm there were no clear indication that market may zoom today as it was also the last trading session of week. But in last 30 minutes Banknifty moved almost 250 points. Banknifty Future made day high 30402 after morning low 30055. Banknifty weekly 30000 call options moved to 363.60 from day low 205.15. Banknifty still below its resistance level of 30250 and able to close above support level 29900. One should watch 30-40 minutes market on Monday before taking any new position.
STOCKS : We have seen some selling pressure today in SBI, Axis Bank, ICICI Bank. Although Banknifty closed position but SBI, Canara Bank closed in red. Metal sector performed very well today. Tata Steel, JSW Steel, Hindalco, Vedanta moved 2 to 4% today. Today, Tata steel was our stock future pick. We given buy at 539 for target 546.50. It achieved target of 546.50 and made high 554.20 at last tick. follower booked profit of Rs. 7957 approx per lot. Power Grid, Britannia, Dr Reddy some of the good stocks which were down today.
NIFTY : Nifty closed today at 11598.00 , 45.95 points down. After announcement of RBI policy we have seen some volatility in market. Nifty came down first, after that we have seen recovery in market but in second half Nifty lost its strength and came down to day low 11559.20, and finally settled just below 11600 level. In daily chart, we can see now two complete red candles, so now Nifty will get pressure on higher side. Immediate resistance for Nifty now at 11662 and next big resistance life time high 11761. 11540 and 11490 support level for Nifty now. Nifty Future April closed at 11679.55, approx 80 points premium there.
BANKNIFTY : Banknifty closed below psychological level of 30000 today. We have seen in last 2-3 session that it was struggling at 30500 to 30600 level and after announcement of repo rate cut, we have seen some ups and down in banknifty and after that we have seen weekly expiry drama in market. And market player made all the Banknifty weekly option above 29900 strike price, zero. Immediate resistance for Banknifty now at 30250 level, after this resistance we can see big hurdle for Banknifty at 30500 level. 29900 and next 29600 is important support level for Banknifty.
STOCKS : We have seen good buying today in Indiabulls Housing Finance, Tata Motors, Ultratech cement, Zee entertainment from lower levels. TCS, HCL Tech , BPCL were the top looser stock for today. As we know, TCS and Infosys going to announce its quarterly result next week on 12th April 2019, so keep watching these stock, and avoid to take big position till result not declared. For tomorrow, Tata Chemical, BIOCON, ITC, Apollo Tyre are good stock for intraday long side. Oil marketing companies, IT Stocks and Banking stock may remain volatile tomorrow.
NIFTY : Nifty made today life time high and in second half we have seen profit booking in market. Nifty closed today at 11693.95 down by 69.25 points. Nifty touched today life time high of 11761 and from that point it made low of 11629.15, so almost fall of 130 points from day high we have seen today. Nifty Future April contract broken previous high of 11822.75 and made high of 11834.15 today and closed at 11724 after making low of 11715. We have seen profit booking in Nifty 11700 / 11800 / 11900 / 12000 call options and same we have seen today good buying in Nifty put options of strike price 11500 / 11600 / 11700 / 11800. It looks market will consolidate in the range of 11500 to 11700.
BANKNIFTY : Its RBI policy tomorrow, and before that we have seen profit booking in Banknifty today. Banknifty Future not able to sustained above 30700 today and in second half bears dragged it to below 30300 level. Finally, Banknifty spot settled at 30093.30 and Future closed at 30330.90. We have seen good buying in weekly banknifty put options of strike price 30000 to 30500.
STOCKS : We have seen today selling pressure in PSU banks from higher levels and almost all the PSU banking stock like SBI, PNB, BANK OF BARODA etc 3% to 5% from day high. Most of the private banks stocks also down from day high and we have seen profit booking in major private banking stock like ICICI BANK, AXIS BANK, HDFC BANK etc. Oil marketing companies stock also down today as Crude Oil moved above 62 dollar again in international market, BPCL down by more than 4.6% today and closed near 363. Hindustan petroleum closed at 260.50 down more approx 5% today. More top looser were Zee entertainment, IOC, GAIL today. Indiabulls housing finance, Maruti, HCL Tech were few names in top gainer.
NIFTY : Nifty closed today at 10727.35 up by 55.10 points. Sensex closed at 35695.10 up by 181.39 points. Opening was not good for Indian market as on Monday we have seen heavy selling in US market and today all asian market were in deep red, but after 2 hour session we have seen a sharp recovery in market and Nifty and Sensex closed in green. Its December expiry tomorrow, so it will be a very volatile session.For tomorrow, Nifty resistance level around 10760 level and support for Nifty around 10660 level.
BANKNIFTY : Banknifty closed at 26986.80 up by 272.05 points. For tomorrow 27000/27200 resistance for Banknifty and 26700 is support for Banknifty.
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