Stock Shiksha

2022-06-12 16:20:58 Webinar topic How to find support resistance using option chain? How to use PCR to find market direction ? Time:7 PM(today) Ouvert / Commentaire

2022-06-12 08:49:28 Webinar topic

How to find support resistance using option chain?

How to use PCR to find market direction ?

Time:7 PM(today) Ouvert / Commentaire

2022-06-10 16:43:56 The May consumer price index report came in hotter than expected, putting pressure on the stock market. The report showed prices rising 8.6% year over year, and 6% when excluding food and energy prices. Economists surveyed by Dow Jones were expecting year over year increases of 8.3% for the main index and 5.9% for the core index.

This is negative news for the market and hence US market closing is very important to expect near term bottom formation. Ouvert / Commentaire

2022-06-10 06:20:05 Support- 34650
Resistance- 35500

Banknifty is still trading above crucial support(34800). Unless it gives closing below this level we should remain in long side. In Intraday banknifty is expected to make new low or at least can come to given support(34650). But where it closes is very important from trend reversal point. So, I would like to wait and watch today. Ouvert / Commentaire

2022-06-10 06:12:35 Support- 16200
Resistance- 16500

Nifty is expected to move between given range. Yesterday US indices fell sharply ahead of inflation data which is closely being watched by investors. Next FOMC meeting will take place. Market is going to be nervous till 15th June.

Technically, Nifty is expected to open with gap down opening. Near support area one can buy but keep strict stop loss. Nifty came to near given resistance yesterday which was selling point. Those who sold yesterday can book profit today. Selling is recommended on higher side and don't sell on gap down opening. Ouvert / Commentaire

2022-06-07 06:07:21 Support- 34800
Resistance- 35580(first) and 36000(second)

Bank nifty is also trading in a range with negative bias. Near support area go for buy side position and near first resistance go for sell side position. Intraday range for banknifty is 35000-35580. Both sides movement can be seen ahead of RBI policy. If you want fresh positional trade then wait for fresh breakout or breakdown Ouvert / Commentaire

2022-06-07 05:59:14 Support- 16350-16400
Resistance- 16750-16800

10 yr bond yield(India) has breached 3.5 years high ahead of RBI policy meeting. This is signaling steep rate hikes ahead. In US, 10 year bond yield has spiked again and now trading above 3 percent. Next week Fed officials will meet to hike rate. Upside in bond yield negative trigger for market, limiting upside. FIIs are still selling amid rising volatility.

Technically, Nifty is trading in a tight range. 16350-16400 is support zone and 16750-16800 is resistance zone. Buy near support and sell near resistance should be the strategy for today. Positional traders should wait and watch for range breakout for fresh trade. Ouvert / Commentaire

2022-06-04 11:34:28 Tomorrow I will host webinar Topic: How to trade in Future & option segment? What risk is there while trading in F&O segment? How to create hedging position in stocks and indices? What is option chain ? Time: we will let you know Ouvert / Commentaire

2022-06-02 06:13:38 Technically, 16350-16400 is support zone from where one can expect bounce. In this area one should go for long side trade. On higher side, 16700 will be strong resistance for today where traders can go for short side position. I would like to warn you that market will remain volatile for few more days. Sharp swing can be seen in both sides so stop loss is must while trading Ouvert / Commentaire

2022-06-01 06:36:53 Support- 34800-35000
Resistance- 36100

Yesterday banknifty fell from high in last half an hour due to some activity by fund houses in selected stocks. Dip toward support area will be buying opportunity. Near 36000 selling can be done too. This is positional trading view. Trading range for today will be 35200-35800 which can be used in intraday trading Ouvert / Commentaire