interest rate hike in the US, Nifty Future outlook, Intraday Option tips

Due to an indication of interest rate hike in the US, the domestic market is afraid. Hike in interest rates will increase liquidity in the global market, and this will affect Indian market. However, the fall in the Indian market will not last too long because the Indian market valuations of stocks are looking good. 

TCS quarterly results disappointed. Infosys results are good, but the company lowered guidance let down the market.

Nifty closed at 8583.40 up 0.12% after the rangebound session. on benchmark Index, 29 stocks advanced and 22 stock declined.     

Nifty 50 future derivatives (expiry date 27 Oct 2016), has closed at 8611.45 with the gain of 0.36%. The open interest of contract is declined, and the buying trend of future contract slightly increased.

Our blog's expert outlook , Nifty may start with negative on Monday trading session.  

If it will open above 8625.77 it will take Resistance at  

8649.00, 8672.27, 8695.56, 8718.89, 8742.25. 

If it will open above 8602.56 it will take Support at 

8579.39, 8556.25, 8533.14, 8510.06, 8487.02. 

Nifty Option Intraday Tips 

Nifty Option Put Expiry 27 Oct 2016 strike price 8650 

Buy above: 105.06   Targets: 107.59, 110.19, 112.83 Stop loss: 102.52.

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Buy Bank Nifty Option Call 19600.

Bank nifty index trend is highly volatile today, the index opened lower today, 5 stocks advances and 6 declines. 7 stocks price reached near 52-week high position.

The 27 October 2016 Bank Nifty future is trading near 19633.95 with a gain of 0.06% the trend is volatile, Open interest is rising, selling is higher. 

Pivot points

Resistance 1: 19705.14 Resistance 2: 19740.25 Resistance 3: 19775.39 Resistance 4: 19810.56 Resistance 5: 19845.77. 

Support 1: 19600.00 Support 2: 19565.02  Support 3: 19530.06 Support 4: 19495.14 Support 5: 19460.25.

Option Tips

Bank Nifty Option Call Expiry 06 Oct 2016 Strike Price Rs 19600. Buy above: 19.23 Targets: 19.31, 19.41, 19.50, 19.59 Stop loss: 19.14.

               

      

     

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Army Surgical strike, Nifty and SENSEX dropped

Indian stock market continued to selling trend after revelations of the surgical strike near POK by Army. SENSEX dropped 467 points at 27525 and NSE Nifty declined 97 points at 8648. 

All NSE index are on Red symbol Media index 2.10%, Realty 4.27%, Bank Nifty 1.49%, Auto 1.27%, PSU Bank index 2.86% and Metal index declined 2.07%. 46 stocks out of 50 are in selling trend at Nifty. Top losers BHEL, Auro Pharma, ICICI Bank, Adani port, Bank of Baroda, Grasim. BSE Smallcap index down 2.51%. 

Researchers predict to long-term  growth in the market, Nifty may touch 9300 level till December. Invest for the long term in the market.

Always invest in contracts have regular volume, trade in NSE Option

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Buy Put Option

A put option gives rights to sell the underlying stocks (not obligation) to sell the stock at fix price. It is a type of insurance which protects you from loss. Suppose a trader bought shares of company xyz at Rs 100, now the share price is falling down. Obviously, the trader is worried about loss incurred. 

But if he/ she buys a put option for strike price Rs 105 at Rs 10,   so that he/she has a right to sell the stock at Rs 105. By this way they can stop the loss position. 

Read more about Option trading strategies

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Happy Vinayaka Chaturthi

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