Markets Weekly Diairies 28th May -1st June 2018

26273 Bank Nifty Closed for the week, Refer our last week article to audit our performance.

Last week is done and dusted.

This week, we have derivatives monthly expire, GDP data, PMI Manufacturing Data & loksabha 4 by-elections.

BNF Support 26220,26090,25950,25850,25720

Below 26120, Bears have upper hand for the week

Magic Number for bears to control is 25600, far away from the current levels.

1st precaution for bulls is below 26120, 2nd precaution is 25850

BNF Resistance 26450, 26540,26620,26770

Above 26220, Bulls have upper hand for the week

Magic Number for Bulls to control is 26220

1st precaution for bears is above 26354, 2nd precaution is 26540

Monday, we have 4 byelections for Parliament, Results will be out on 31st may – markets may take some cue on expiry day. Need to be careful

Trade from Savings Money

Trade to Survive another day

Trade less

All the Best

Sagar U.S

Markets Weekly Dairies 21-25th May 2018

Last week was a roller coaster in markets after some time!

Don’t want to boost our analysis week after week! Do read our previous articles to understand more about BNF (BankNifty) & our Analysis

Markets are in Catch 22 situation, BNF has closed at 25875.

9 days left for the expiry in May month.

With Politics out of the equation, Insolvency and Bankruptcy Code first success, Crude at high, Rupee Depreciation, Good monsoon expectation, Fair GST Collection last month, IIP bit drag, Food Inflation and Wholesale Inflation on north side movement.

May 22nd SBI Results- Watch Out!

GDP data and Interest Rate Decision awaited! for June 7th Expiry Week

Markets after budget taken southward movements(downside) have rebounded and have made high on may 15th.

BNF Made a low of 23606-23670 -23rd March

BNF made a high of 26972-26474 -15th May

Midcap and Small Cap Index have been falling since January.

Now Coming to BankNifty for the week  ahead

BNF Support is – 25600, 25460 & 25140

BNF Resistance is -26090,26280,26450 & 26620

Magic Number for Bulls – 26120 -Close above for 2-3 days will lead to 26470

The magic number for Bears- 25500 -Close below for 2-3 days will lead to 25250

Bulls have to take out 26120 for any comeback in May Month Series

Bears have to take out 25500 for further strength in May Month Series

Trade less with Savings Money

All the best

Sagar U.S

Who will win BJP Or Congress oR BTeam or CTeam OR Bulls or Bears May14-18 2018

BNF has satisfied 1st parameter by closing above 25850 for a week, our second parameter, we need BNF to close above 25850 for one more week. Let’s wait for the Price action to unfold for the week

what if it closes above 25850 -BNF Bulls would chase the next important level of 26354, but bulls are in hurry to chase any target, as of 13th may 2018 i.e today, BNF has closed at 26413. And have chased the above target of 26354, now whats in store for bulls is the question mark.

Their next target would be 26450, 26540,26620,26770,26880,26960 ,27070,27220,27310,27390,27490.

Bulls wouldn’t chase all the numbers mentioned above in few days or weeks, but that is the target for them in next few 2 quarters if they can be above 27490 by August 15th, they would be in better strength compared to bears.

Coming to for next few weeks

BNF Support is – 26354,26220,26120-26090,25950,25850,25720,25600,25460

BNF Resistance is -26450, 26540,26620,26770,26880,26960 ,27070

Now that’s confusing right. Whats the Magic Number for the coming week to observe

The bulls-magic number is 26220

The Bears Magic Number is 25850

Any Close above 26220 will lead BNF to close positive for the week, but where it will close nobody knows.

Any Close below 25850 will lead BNF  to close negative for the week, but where it will close nobody knows.

This week, a lot of events are packed with Karnataka Elections, Thursday expiry and one more week for the monthly expiry.

Being in my hometown, my prediction for Karnataka election – Disclaimer I may be wrong 10 out of 7 times.

This election is so tough to call with 3 parties fighting in their district wise, some are strong in some section and some are weak in most section of the district

  1. BJP Winning with the majority or slight shortage.

Game Over for Congress in Karnataka.

2. One more assumption, I may be wrong – if Ahinda vote doesn’t get broken, Congress Single largest party

JDS stays in the game only if Congress comes as the largets party.

B Team means -BJP +JDS – Tough

C Team means -Congress +JDS

Congress +JDS or  BJP Alone will form Government – My bet BJP would form

Coming to Stock Markets

whoever comes, our ambition is to make money in stockmarkets – Period!

Executing the plans are important than the plan.

Without the plan or process, we can not execute that’s the irony.

Trade less, trade with savings money

All the Best

Sagar U.S