Trade Setup for Nov 17

Rating Upgrade is a big event Moody’s rating upgrade and Positive Asia cues likely to lift the markets towards 10320-350 region. Positive outlook was always an indicator for FIIs but culmination into ratings upgrade will be seen positively Sustenance of Bank Nifty above 25000-25180 and buying in RIL, IT stocks will provide stability to markets…

My Take on Idea results

How do I see Idea results ?  Weak results What was In-line with estimates Widening of losses, 300 bps fall in EBITDA margins, fall in ARPU and realizations. What is concern ?  Further fall in ARPU for Q3, Q4 after cut in IUC Potential increase in churn after increasing loss of subscribers from August Balance…

Trade Setup for Nov 13

  Short Build up in Nifty futures, Marginal Short Build up in Bank Nifty futures Traders looking for a limited downside till 10110-10150 Tentative Hedged bets are placed for a drift towards lower levels in #Nifty but with a limited downside Key Levels Nifty support 10110,10150 resistance 10320-350, 10500 Bank Nifty Support 25200 resistance 25520, 25950 Stocks…

Trade Setup for Oct 9

Markets set for a cautious start due to negative global cues and weak commodity trade Traders turned bullish on Nifty with addition of long futures and bullish option spreads Traders betting for breakout towards 10100 but still see limited upside. Participation from Bank Nifty is still needed for large upside on Nifty Nifty support 9800,…

Trade Setup for Oct 6

Net Bullish positions added in Nifty futures and options yesterday Market breadth and volumes were positive, action is in midcaps and smallcaps Traders are deploying strategies for breakout in the result season 9800 Put and 10100 call currently qualify for Strangle Strategy Nifty support 9700,9820 and resistance at 9950 Bank Nifty support 23800 resistance at…

Trade Setup for Sept 12

Markets set for a positive start, Asia cues are positive and New Life High seen in MSCI World Index Buying seen in Nifty Futures;Open Interest up 2%, PCR increased to 1.43 could imply higher volatility Trading Range is shifting to 9800-10200 but FIIs continue to remain skeptical Addition of 10000-10200 calls and Higher writing of…