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One Target One SL
Recommendations

Market Highlight

30 APR 2019

NIFTY : Nifty closed at 11748.15 down by 6.5 points. Nifty slipped to day low 11655.90 at opening and maintained to stay above support of 11650. From support level we have seen some recovery in market in second half and Nifty touched 11750 level and closed just below that level. Nifty Future May contract made low 11712.05 then closed around 11790. For tomorrow, 2 May 2019, Nifty support level around 11710 below that next support level is 11670. Resistance for Nifty still around 11765 and after that 11800-11805 resistance.

BANKNIFTY : Banknifty closed at 29764.80 down by 248.70 points. In morning session Banknifty was down more than 400 points but in second half we have seen some short covering in Banknifty and it closed above 29750 level. Compare to Nifty, Banknifty recovery not enough. Yesbank and Indusind Bank were the main culprit stocks for this fall. For tomorrow, 2 May 2019, Banknifty resistance at 29980-30000 level, above that we can see fresh buying and short covering in market. 29500-29550 good support for Banknifty, below that we can see some selling in banknifty..

STOCKS : Yesbank was the top active counter in Tuesday Market. After result stock down approx 30% and closed at 168 after settlement. Indiabulls Housing Finance and Indusind Bank also down more than 6%. In steel sector, we have seen good buying and short covering and JSW Steel, Tata Steel, Jindal steel and power closed in green. Some buying we have seen in IT stocks also. Infosys, TCS closed in positive note. For tomorrow, 02 May 2019, one can go long in JSW Steel, Zee entertainment, Tata Steel, Petronet LNG, Havells. Trade with strict stop loss and only go long in these stocks if market looks good.

26 APR 2019

NIFTY : Nifty closed at 11754.65 up by 112.85 points. It was the first trading session of this series and opening was good and till 1:45 pm there was uncertainty in market. But Nifty crossed soon 11700 resistane level and after that we have seen good buying and short covering in market. Nifty made high 11762.90 in intraday. There will be only 3 trading session next week, so it is adviced do not carry weekly big quantity of weekly options as premium may decrease fast if Nifty open flat. From current levels next resistance level for Nifty 11765 and then at 11800. Support for Nifty at 11700 then 11650.

BANKNIFTY : Banknifty closed at 30013.50 up by 452.15 points today. Banknifty moved sharply today and crossed 30000 level and able to close above that level. Now next hurdle for Banknifty around 30200 and after that 30350 is resistance for Banknifty. It seems that next week Banknifty will cross these hurdle too. 29800 / 29650 now good support for Banknifty.

STOCKS : For next week Adani Port, BPCL, Cipla, Aurobindo Pharma, keep eyes on these stocks and trade as per signal. These stock may give good movement both side as per market movements.

25 APR 2019

NIFTY : Finally expiry over. Nifty closed at 11641.80 down by 84.35 points. As we saw yesterday sharp move in market, same in reverse gear it down today. After making high of 11796.75 in morning, it came down to 11624.30, and closed at 11641.80. As per yesterday post, we said that Nifty may try to touch 11800 level but not easy to hold 11800 level and just from 11796.75 profit booking started and Nifty slipped. It will be fresh starting for new series tomorrow. Election is the big event in this series. So volatility will be high in this series. For tomorrow, Nifty resistance at 11700 and support 11590.

BANKNIFTY : Banknifty closed at 29561.35 down by 299.45 points today. Morning, Banknifty moved and crossed 30000 level and sustained for a long time, but after 11:30 am Banknifty and Nifty both lost its strength and Banknifty slipped to day low 29511.95. For tomorrow, Banknifty resistance at 29680 and support 29450.

STOCKS : Keep eyes on Maruti, Bharti Infratel, Grasim. After result we have seen big volatility in Maruti, Bharti Infratel today. BPCL and HPCL closed near day high, so it may be good buy if market sustain in positive notes.

24 APR 2019

NIFTY : Nifty closed at 11726.15 up by 150.20 points. In previous post, mentioned that 11650 is resistance and above that volume buying required for 11700-11750 level. Market opening was flat today and till 1:45 pm, Nifty range was 25 to 30 points but after 1:45 pm, we have seen top gear in Nifty and it moved sharply to 11740.50 level within no time. it was unexpected moved as expiry there tomorrow and market was in tight range in morning session. Nifty Future April contract made high of 11756 after morning low 11579.05. For tomorrow, Nifty support around 11685 level and resistance at 11765. If sustain below 11685 then we can see slide upto 11658-11660 level. If sustain above 11765 then Nifty will try to touch 11800 level, but as too many position in Nifty 11800 call in market, so not easy to hold 11800 level. After this expiry we can see new high in market.

BANKNIFTY : Banknifty closed at 29860.80, up by 381.10 points. After positive opening we have seen some selling in banking stocks ICICI Bank, Yesbank and IndusInd Bank which dragged Banknifty to below 29500 level for sometime. But in second half we have seen good recovery in Banknifty cause of short covering. As mentioned in previous post that 29600 is a hurdle for Banknifty and above that next resistance was at 29680, within no time Banknifty crossed both the hurdle and made intraday high of 29914.85. Banknifty Future April contract made high of 29958 after making low of 29426.60. For tomorrow, Banknifty resistance level around 29980 and then 30100 and now good support at 29580-29600 level for positional trades. For intraday traders 29660-29680 will work as support for Intraday trading.

STOCKS : Auto sector stocks Tata Motors, Maruti, Heromoto Corp were the top looser in Nifty today. In twitter account ( Check here ), mentioned that profit booking going on at 238-239 and we can see dip upto 228-229 level, but today stock down to below 218 level but in second half we have seen some short covering and it closed at 223.60. Now market waiting for sales numbers of these companies. IT stocks performed well today, as Indian Ruppe became weaker and almost touch level of 70 today. Infosys, TCS, HCL Tech closed in positive note today. HCL Tech was one of the intraday pick today by our side. For tomorrow, keep eyes on Bharti Infratel, Tata Motors, Yes Bank, Zee entertainment, JSW Steel, Tata Steel. It is not recommended buy or sell in these stocks, but it will be interesting to trade in these stocks as per market movement.

23 APR 2019

NIFTY : Nifty closed at 11575.95 down by 18.50 points. As mentioned in yesterday post, For upside upto 11700-11750, Nifty has to break and sustian above resistance level 11650. But after making high of 11645.95, Nifty slipped to day low 11564.80 and closed again below 11600 level at 11575.95. Although, today Nifty able to sustain above its support level of 11550 and closed above this level. For tomorrow, Nifty Support and resistance same. Nifty resistance 11650 and support 11550.

BANKNIFTY : Banknifty closed at 29479.70 down by 208.25 points today. Banknifty broken support of 29500 of today but not sustained below that level for longer time and finally closed above 29500, although in post settlement it is below 29500 level. Heavy call writing we have seen today in Banknifty, like Banknifty 29500 call slipped to 150 from 370 levels within 30 minutes trading session. It is very tough now that we will see any big upmove in market in next 2 days, as too many small traders having long position in market. So in every rise we will see selling pressure in market. For tomorrow, Banknifty resistance level 29600 and support level 29350.

STOCKS : Yesbank, Maruti, Tatasteel , Indusind Bank few good stocks which were down in today's market. In top gainer ONGC , Zee Entertainment moved nicely. For tomorrow, Adani port, Bata India, ONGC may good for long side trade. Better not to short any stock at opening till there is no clear signal from market.

22 APR 2019

NIFTY : Nifty closed at 11594.45 down by 158.35 points. Nifty broken important psychological level of 11700 in opening trade. After that we have not seen any recovery in market and step by step Nifty made new low and after 2:00 pm, we have seen extra fall of 50-60 points in Nifty. At last Nifty closed below 11600 level. So in two trading session Nifty down almost 200 points. For tomorrow, Nifty support level 11540 to 11550, if Nifty break this level and sustain below this level then we would see more selling in market. 11650 level will work as an important resistance level for Nifty now, above that volume buying required for 11700 - 11750 level.

BANKNIFTY : Banknifty closed below 30000 level today at 29687.95 down by 535.45 points. Just in two trading session we have seen fall of almost 800 points in Banknifty. For tomorrow 29850-29880 will work as resistance level for Banknifty, if sustain above 29880 with volumne buying then one can see level of 29980 again. Banknifty support level as per chart 29500-29530, below these levels we may see further selling in Banknifty.

STOCKS : Nifty tumbled more than 150 points today and we have seen big sell off in stocks. NBFC stocks, Indiabulls Housing Finance down by more than 9% today, Dewan Housing Finance down more than 10% today. Canfin Homes down by more than 5% today. Crude up more than 2.5% in international market and cause of this we have seen selling pressure in oil marketing companies (OMC) like BPCL, HPCL etc. Both stock down more than 6% today. Some other trader's favourite stock like Reliance Industries, Yesbank, Indusind Bank were down by 3% to 6% today. It is advised for tomorrwo, initiated your trade after 30-40 minutes of market opening and trade as per market sentiment.

18 APR 2019

NIFTY : Nifty closed at 11752.80 down by 34.35 points. Nifty opened above 11800 level but could not sustain at higher levels and we have seen profit booking in market. Nifty made low of 11738.50 and finally closed at 11752 level. above that level. For Monday, Nifty resistance at 11790 and support level for Nifty 11700 / 11660. .

BANKNIFTY : Banknifty closed at 30223.40 down by 307.95 points on Friday. We have seen weekly expiry on downside. For Monday, there is no clear trend. It will be a fresh start for a new week and Monthly expiry impact we will see both in Nifty and Banknifty. For Monday, 30400 / 30600 strong resistance level for Banknifty, Banknifty support for tomorrow 30100 / 29950.

STOCKS : Friday evening, Reliance Industries announced its quarterly numbers and it will be interesting to see, how market reacts on Monday morning. Reliance closed above 1380 with good volumne and it will give direction to market on Monday either downside or upside. Some other stocks which we should watch are JSW Steel, Tata Motors, Yes Bank, SBI, ICICI Bank.

16 APR 2019

NIFTY : Nifty closed today at 11787.15 up by 96.80 points. Market opened at positive note and after that it maintained 11700 level whole day. Nifty made new life time high of 11810.95 today, but could not close above that level. Tomorrow, weekly expiry there so we will see volatile session tomorrow in market. For tomorrow, Nifty resistance at 11815 and support level for Nifty 11750 / 11700.

BANKNIFTY : Banknifty closed above 30500 level today at 30531.35 up 427.10 points. It touched high of 30590.95 in intraday. For tomorrow, 30700 / 30900 strong resistance level for Banknifty, Banknifty support for tomorrow 30400 / 30200. It will be weekly expiry tomorrow for Banknifty. Banknifty weekly 30400 call options, Banknifty weekly 30500 call options, Banknifty weekly 30300 put options, Banknifty weekly 30500 put options will be good for trading.

STOCKS : Adani Port, Maruti, M&M, Bharti Airtel, Idea Vodafone, TCS, Ujjivan were the few stocks names which performed very well in today's market. If market sustain tomorrow in positive zone then we can see further buying in these stocks. We can see selling pressure in Yes Bank, Bank of Baroda, PNB , Canara Bank, Axis Bank, if market loose its strength and Nifty break 11750 level.

15 APR 2019

NIFTY : Nifty closed today at 11690.35 up by 46.90 points. Nifty opened today in positive zone approx 20 points up, and whole day it was trading in a tight range. Once around 1:25 pm we have seen a small dip, but it was not enough for bear and Nifty recovered soon and made new high. As in this week only three trading session, so market will be in a narrow range for coming days also. For tomorrow, Nifty resistance at 11710 / 11750 and support level for Nifty 11650 / 11610.

BANKNIFTY : Banknifty closed above 30000 level today at 30104.25 up 165.70 points. It touched high of 30163.10 in intraday. For tomorrow, 30250 / 30400 level will work as resistance level for Banknifty and 29900 and 29750 will work as support level. Above or below these levels we can see more uptrend or downtrend.

STOCKS : We have seen good move in TCS today after result announcement, it closed approx 5% up but Infosys down today by more than 2% after result. We have seen good buying today in Tata Motors, Tata Steel, Coal India, Kotak Mahindra Bank. Bharti Infratel, Sunpharma, GAIL , Yesbank were the top looser of Nifty. For tomorrow, Bata India, Bharat Forge may be good for long side trade.

12 APR 2019

NIFTY : Nifty closed today at 11643.45 up by 46.75 points. In last trading session of this week, we have seen some short covering in market and Nifty able to closed positive. In coming week, Stock Market will be closed for 2 days, on the occassion of Mahavir Jayanti (17 April 2019) and Good Friday (19 April 2019). May possible, next week market will be in narrow range as only 3 trading session there. So it is advised not to carry weekly options position for next trading session as premium will be down very fast. For Monday, resistance level for Nifty 11661 / 11711 and support same as 11590 / 11540.

BANKNIFTY : Banknifty closed at 29938.55 up bt 152.45 points. In morning session after making low around 29707, we have seen reversal in Banknifty as SBI, Axis Bank, Bank of Baroda etc. moved very well. For Monday, 30080 and 30250 resistance level for Banknifty and 29800 and 29650 will work as support level. Above or below these levels we can see more uptrend or downtrend.

STOCKS : We have seen some good buying in FMCG stocks like ITC. Hindustan Unilever and Dabur India. In auto sector Maruti rocked and moved more than 2%. Some selling pressure we have seen in L&T, Tata Motors and Bajaj Finance kind of stocks. For Monday, if market open negative then one can go short in L&T, Tata Motors and Bajaj Finance for more downside. If market open in green and sustain in positive zone, then Steel sector and Pharma sector may perform well.

11 APR 2019

NIFTY : Nifty closed today at 11584.30 down by 87.65 points. Nifty opening in red today as global cues were not good. Once Nifty came in green but not able to sustain and in second half we have seen sell off in market and Nifty made low of 11572.75. We have seen today good buying weekly and monthly put options, so it is advised to wait for 20-30 min after market opening to initiate any trade. It is weekly expiry of Nifty options tomorrow, so in second half market will be volatile, first half may possible market will be in narrow range. Next resistance level for Nifty 11611 / 11661 and support now 11540 / 11490..

BANKNIFTY : Banknifty closed today at 29803.50 down 310.35 points. It was not a good day for banknifty and from higher level it down almost 400 points. It is weekly Banknifty expiry tomorrow, so we will some volatile session tomorrow in market. Banknifty resistance at 30000 and next resistance 30250. Support for Banknifty now at 29750 and next support 29600. Banknifty weekly 30000 put and 30200 put and in weekly call options 30000 call options and 29900 call options very active.

STOCKS : If market looks positive then Tata Motors, adani port, Divis Lab , Cipla , Biocon good for buy side trade. If market falls continue then for sell side trade Bharti Airtel, PNB, SBI good to short. Keep strict stop loss while taking any trade.

11 APR 2019

NIFTY : Nifty closed today at 11596.70 up by 12.40 points. Nifty opening was small positive at 11592.55 and came down. As predicted in yesterday post that in first half it will be in narrow range and it was in the range of 25-30 points, but after 1 pm, we have seen expiry game in market and Nifty came down to day low 11550.55. In last 30 minutes, session we have seen some short covering in market and Reliance Industries contributed a lot in this short covering and once Nifty cross level of 11600 but not sustained above 11600 and closed just below 11600 again at 11596. For tomorrow, resistance level for Nifty 11611 / 11661 and support same as 11540 / 11490..

BANKNIFTY : Banknifty closed at 29786.10 on weekly expiry day, down 17.40 points. Banknifty was in tight range of 200 points. It made high of 29852.25 and low was 29640.25. In last 30 minutes, we have seen some bounce in Banknifty cause of SBI and but it was not enough to move Banknifty as other banking stocks were not performing well today. For tomorrow, Banknifty resistance at 29900 and next resistance 30250. Support for Banknifty now at 29600 and next support 29400..

STOCKS : Tomorrow we can see buying in oil marketing companies as Crude oil down today in international market and some buying we have seen in today's session. Avoid banking stock till you do not see any solid buy signal in market. Insurance sectors stock like HDFC Life, ICICI Pru may also perform well if market looks good.

10 APR 2019

NIFTY : Nifty closed today at 11584.30 down by 87.65 points. Nifty opening in red today as global cues were not good. Once Nifty came in green but not able to sustain and in second half we have seen sell off in market and Nifty made low of 11572.75. We have seen today good buying weekly and monthly put options, so it is advised to wait for 20-30 min after market opening to initiate any trade. It is weekly expiry of Nifty options tomorrow, so in second half market will be volatile, first half may possible market will be in narrow range. Next resistance level for Nifty 11611 / 11661 and support now 11540 / 11490..

BANKNIFTY : Banknifty closed today at 29803.50 down 310.35 points. It was not a good day for banknifty and from higher level it down almost 400 points. It is weekly Banknifty expiry tomorrow, so we will some volatile session tomorrow in market. Banknifty resistance at 30000 and next resistance 30250. Support for Banknifty now at 29750 and next support 29600. Banknifty weekly 30000 put and 30200 put and in weekly call options 30000 call options and 29900 call options very active.

STOCKS : If market looks positive then Tata Motors, adani port, Divis Lab , Cipla , Biocon good for buy side trade. If market falls continue then for sell side trade Bharti Airtel, PNB, SBI good to short. Keep strict stop loss while taking any trade.

09 APR 2019

NIFTY : Nifty closed today at 11671.95, up by 67.45 points. After small gap up of 8 to 10 points, we have seen some selling in market and Nifty made low 11569.70, but did not break yesterday low and in last hour session again we have seen good buying market and nifty closed on positive note. Nifty is in very tight range this time, it is getting support at 11550 to 11600 level and getting hurdle to cross 11700 level. These two levels very crucial for next trend. Next resistance level for Nifty 11700 / 11760 and support now 11600 / 11540.

BANKNIFTY : Banknifty closed today at 30113.85, 268.55 points up. We saw good buying today banking stocks like SBI, Canara Bank, ICICI Bank. But still Banknifty closed below resistance level 30200-30250 level. Just after one trading days there will be weekly expiry for Banknifty, so next two session bankning will be very volatile, cause options premium very high. Banknifty resistance at 30250 and next resistance 30500. Support for Banknifty now at 29800 and next support 29600. Banknifty weekly 30000 put and 30200 put and in weekly call options 30000 call options and 30200 call options very active.

STOCKS : It was stock specific market today, some stocks moved well and most of stocks not performed in today's rally. Yesbank was the top gainer and moved today more than 4.00%. Wipro, Tatamotor, Coal India were few other top gainer stocks. We have seen profit booking in Indiabulls Housing, Bharti Airtel in today's market. For tomorrow, Coal India, Yesbank looks good for buy if market remain in positive zone. If market take U turn again to downside then Canfin Homes, Bharti Airtel and Titan good stock for sell side trade.

08 APR 2019

NIFTY : Nifty closed today at 11604.50 down 64.45 points. After positive start, Nifty opened at 11704.35 and made high of 11710.30, after that we have seen profit booking in market from higher levels and in last trading hour we have seen low of 11549.10. Finally, Nifty settled at 11604.50. Nifty Future April contract made high 11780.05 in morning session and in last trading hour it made low of 11622.25, and closed at 11674. Nifty Monthly 11500 Put options made high 91.70 after making low 50.95, Nifty 11600 put moved to 128 from day low 70, Nifty 11700 put moved to 175.40 from day low 102.30, Nifty 11800 put moved to 234.50 from day low 142.35, but in last we have seen profit booking also in put options from higher levels. Nifty 11600 call, Nifty 11700 call and Nifty 11800 call down almost 25 to 30% from previous days close. Weekly Nifty 11600 put and Weekly Nifty 11600 call looks very attractive today. Nifty weekly 11600 call closed around 65 after making low 44 and Nifty weekly 11600 put closed at 46.60 after making high of 76.05. So tomorrow, one should wait for 30 to 40 minutes and if put option give movement then go with put option with strict stop loss and if Nifty weekly 11600 call move higher side then go long in Nifty weekly 11600 call with stop loss. Nifty closed below one of its resistance level of 11662 mentioned in previous post, so technically Nifty weak in chart and we can see selling pressure at higher levels.Nifty resistance at 11640 and next resistance at 11690. Nifty now having good support at 11550 level, below 11500.

BANKNIFTY : Banknifty closed today at 29845.30, 239.35 points down. Now we can see Banknifty struggling to cross 30200-30250 level. Today it down almost 450 points from day high. It made low of 29716.60 and closed at 29845.30. It touched high of 30232.05 at opening session. We have seen good buying in weekly put options of strike price 30300 , 30200 , 30100 and 30000. Most out of the money put options moved more than 100% from previous close. It looks like that this week expiry will be in between range of 29750 to 29950. Banknifty weekly call options of strike price 30000, 30100, 30200, 30300 down by 50% to 70% today. Banknifty now will face resistance at 30000 level and after that big resistance 30250. Support for Banknifty now at 29800 and next support 29600. It seems that below 29600 we will see panic selling in market.

STOCKS : IT stocks performed very well in today's market. Infosys, TCS, Tech Mahindra moved more than 1% today. HCL Tech given good recovery from lower levels. This Friday on 12 April 2019, TCS and Infosys will announce their quarterly results, so keep eyes on these two stocks. We have seen profit booking in some stocks like Indiabulls Housing Finance, Dewan Housing Finance, Canfin Homes. These stocks moved more than 3% to 5% in last few sessions. In banking stocks we have seen profit booking in SBI, Axis Bank, Yesbank and some other banking stocks. Yesbank broken one of its important support level of 263-264 and closed below this level, investor should be careful if they are holding this stock. Tata Motos is in tight range of 200 to 210 this time. If it sustain or close below 198 then one should exit with his long position.

05 APR 2019

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. Clients booked profit of Rs. 7957 approx per lot. Power Grid, Britannia, Dr Reddy some of the good stocks which were down today.

04 APR 2019

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.

03 APR 2019

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.

04 JAN 2019

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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