Author: Gaurav

Global Markets US markets: +205 points on the Dow Jones Dow futures: minus ten points Markets in Asia: Mixed GIFT Nifty: +40 (modified) points Data Analysis Cash Market F&O FII : +252cr Nifty PCR: 0.70 vs 1.08 DII : +1112cr Highest OI (26-Oct-23): Net : +1364cr 19800CE & 19000PE Technical Outlook Nifty (Spot) The Nifty is currently trading close to the crucial 19250–19200 support level, where a slight decline is possible. However, there is a chance of selling pressure at higher levels. The initial barrier will be 19440, while the crucial barrier is 19600. We can anticipate a shift towards…

Global Markets US stock markets: Dow Jones gains 127 points Futures on the Dow: -8 points Asia-Pacific markets: Positive (Adjusted) GIFT Nifty: +30 points Data Analysis Cash Market F&O FII : -4424cr Nifty PCR: 0.96 vs 0.91 DII : +1770cr Highest OI (05-Oct-23): Net : -2654cr 19700CE & 19500PE Technical Outlook Nifty (Spot) At the 19333 level, where Nifty is establishing a temporary bottom, we can move to cover short positions. 19600 will be the first obstacle, and 19800 is a significant one. We can only anticipate a pickup in bullish momentum above 19800. 1933-19250 is now a demand area…

Global Markets Markets in the US: Dow Jones -431 points Futures for the Dow: -78 points Asian markets: negative (Adjusted) GIFT Nifty: -140 points Data Analysis Cash Market F&O FII : -2034cr Nifty PCR: 0.91 vs 1.03 DII : +1361cr Highest OI (05-Oct-23): Net : -673cr 19700CE & 19500PE Technical Outlook Nifty (Spot) Nifty is probably going to start the day below support at 19500, which might push it below the 19300-19250 range. On the plus side, 19625 will operate as a quick roadblock whereas 19800 is a significant roadblock. Till Nifty trades below 19800, the texture is weak and…

Global Markets US stock markets: Dow Jones drops 68 points Futures on the Dow: +8 points markets in Asia: mixed (Adjusted) GIFT Nifty: -16 points Data Analysis Cash Market F&O FII : -354cr Nifty PCR: 1.07 vs 0.92 DII : +386cr Highest OI (28-Sept-23): Net : +32cr 19800CE & 19000PE Technical Outlook Nifty (Spot) On a closing basis, the Nifty maintained respect for the 50-DMA, which is immediately resistant between 19735 and 19760. We can anticipate a brief covering move towards the 19850 level above 19760. On the downside, 19640 provides immediate support, and 19550 is currently a crucial level…

Global Markets Markets in the US: Dow Jones down 388 points Futures for the Dow: +56 points markets in Asia: mixed (Adjusted) GIFT Nifty: -65 points Data Analysis Cash Market F&O FII : -694cr Nifty PCR: 0.92 vs 0.91 DII : +715cr Highest OI (28-Sept-23): Net : +21cr 19800CE & 19000PE Technical Outlook Nifty (Spot) Nifty is attempting to hold the 19600 level, but the overall trend is not encouraging. If the Nifty drops below 19600, selling pressure could build up into the levels of 19500 and 19300. On the upside, the 20-DMA at 19740 is a key resistance level;…

Global Markets Markets in the US: Dow Jones -77 points Futures for the Dow: -48 points Asia-Pacific markets: (Adjusted) GIFT Nifty: -100 points Data Analysis Cash Market F&O FII : -3110cr Nifty PCR: 0.80 vs 1.10 DII : -573cr Highest OI (28-Sept-23): Net : -3683cr 20000CE & 19000PE Technical Outlook Nifty (Spot) Profit booking and GIFT are occurring in the Nifty. The Nifty index is recommending another gap-down opening. The crucial support levels are 19840 and 19650, and 20000 will now act as a significant barrier. The sell-on-rise approach has made the near-term texture weak. Bank Nifty (Spot) Additionally experiencing…

Global Markets US stock markets: Dow Jones gains 87 points Futures for the Dow: -17 points markets in Asia: mixed (Adjusted) GIFT Nifty: +94 points Data Analysis Cash Market F&O FII : +1473cr Nifty PCR: 1.38 vs 1.38 DII : +366cr Highest OI (14-Sept-23): Net : +1839cr 20100CE & 19900PE Technical Outlook Nifty (Spot) Gift Nifty predicts a gap-up opening over the 20000 level, with 20164 serving as the initial obstacle. Those levels will be 20300 and 20500, respectively. After a gap-up opening, 19950 will be the initial and main support; below this, we may anticipate any profit booking. Bank…

Global Markets US stock markets: Dow Jones gains 57 points Futures for the Dow: -14 points markets in Asia: mixed (Adjusted) GIFT Nifty: +24 points Data Analysis Cash Market F&O FII : -759cr Nifty PCR: 1.39 vs 1.32 DII : +28cr Highest OI (14-Sept-23): Net : -731cr 19700CE & 19600PE Technical Outlook Nifty (Spot) Finally, the important resistance level of 19650 was broken by the Nifty; nonetheless, 19733–19800 is only a minor resistance range. The following goal levels will be 19850 and 19990. Now that 19450 is a critical support level, 19580 will serve as an immediate support level. Bank…

Global Markets US stock markets are closed today (Labour Day). Futures for the Dow: +10 points Asia-Pacific markets: (Adjusted) GIFT Nifty: -17 points Data Analysis Cash Market F&O FII : -3368cr Nifty PCR: 1.37 vs 1.30 DII : +2563cr Highest OI (07-Sept-23): Net : -805cr 19700CE & 19400PE Technical Outlook Nifty (Spot) Nifty is able to close above the 20 and 50 DMA cluster. To grow more strength, it must pass the 19600 level, though. Now, weakness may return below the 20-DMA of 19400, which will serve as an immediate support level. Bank Nifty (Spot) Banknifty closed above the 20-DMA…

Global Markets US stock markets: Dow Jones gains 115 points Futures for the Dow: +10 points Asia-Pacific markets: Positive (Adjusted) GIFT Nifty: +52 points Data Analysis Cash Market F&O FII : +488cr Nifty PCR: 1.30 vs 0.91 DII : +2295cr Highest OI (07-Sept-23): Net : +2783cr 19400CE & 19200PE Technical Outlook Nifty (Spot) After recovering from 19200, the Nifty closed above 50 and the 20-DMA. Above 19500, we may anticipate a rally for short-covering. This is the immediate obstacle. A level of immediate support is 19350; below this, weakness can recur. Bank Nifty (Spot) Banknifty closed above the 20-DMA and…