Trading Plan: Will Nifty 50, Bank Nifty extend their upward journey this week?
The Nifty 50 still traded well below the 20- and 50-day EMAs (24,750–24,800), which are crucial for further upward journey. Until then, the consolidation may continue with support at 24,500–24,450, followed by 24,300, experts said.
Trade Spotlight: How should you trade Eicher Motors, HDFC Life, Manappuram Finance, UNO Minda, Tube Investments, PB Fintech, and others on August 18?
The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term trading ideas to consider.
Trade setup for August 18: Top 15 things to know before the opening bells
According to experts, as long as the NIfty 50 trades below the 50-day EMA (24,813), consolidation is expected to continue, with immediate support at 24,465, followed by a key support level at 24,350. On the flip side, the index is expected to face a hurdle at 24,700. If it sustains above this level, 24,800 will be the next level to watch, followed by the 25,000 zone.
Market undertones remain weak despite Nifty snapping 6-week losing streak; fall toward 24,200–24,100 can't be ruled out
With FPIs holding steadfast to heavy short positions and volatility elevated, rallies could easily turn into bull traps. The technical structure continues to support a “sell-on-rise” strategy, with the possibility of Nifty testing 24,200–24,100 in the near term.
Chartist Talk: Sudeep Shah stays cautious despite Nifty rally; bullish on 4 stocks for next week
Current options data and the Put-Call Ratio (PCR) suggest that the market is likely to remain in a short-term consolidation phase, said Sudeep Shah of SBI Securities.
Protected Futures for slow market with Collar: Shubham Agarwal
Slow markets are prone to slower moves and that may not even reach the target in a hurry. With Collor, Put can be moved upwards in case the Future move close to target but does not hit the target.
Chartist Talk: Apollo Hospitals still a strong pick, Paytm showing signs of fatigue, says JM Financial's Rahul Sharma
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
Trading Plan: Will Nifty 50 hit 24,700 on weekly F&O expiry session; Bank Nifty reclaim 55,500?
The Nifty 50 must defend its Tuesday’s low (24,465, which is the key support) in the upcoming session, for further upward movement toward 24,700, followed by 24,800. Sustaining above these levels could open the door for a strong rally, experts said.
Trade Spotlight: How should you trade Mahindra and Mahindra, NMDC Steel, Eternal, MCX India, Indian Hotels, and others on August 14?
Range-bound trading is likely to be seen in the market in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for August 14: Top 15 things to know before the opening bells
As long as the Nifty 50 holds these support levels (24,589 and 24,465), the upward journey toward the 24,700 (immediate hurdle) and then 24,800–24,850 (a crucial hurdle) remains possible in the upcoming sessions, according to experts.
Technical View: Nifty needs clear breakout above 24,700 to sustain bullish momentum; Bank Nifty indicates bullish reversal
Weekly options data suggest that the Nifty 50 is expected to trade in the 24,500–24,800 range in the upcoming sessions.
Trading Plan: Will Nifty 50, Bank Nifty retest their previous day’s highs?
In the upcoming session, if the Nifty 50 rebounds, the 24,600 (10-day EMA) and 24,700 (previous day’s high) are likely hurdles. However, on the lower side, the 24,350 level can act as support.
Trade setup for August 13: Top 15 things to know before the opening bells
The 24,700 is expected to be the immediate hurdle for the Nifty 50, followed by 24,850 (near the 50-day EMA) as the crucial hurdle to decide the further uptrend. Until these levels are decisively broken and sustained, the consolidation may continue, with key support at 24,300, according to experts.
Trade Spotlight: How should you trade TBO Tek, CreditAccess Grameen, MCX, Maruti Suzuki, Acutaas Chemicals, Max Financial, and others on August 13?
The Nifty 50 is expected to consolidate until it decisively breaks the previous week's range on either side for a firm direction. Below are some short-term trading ideas to consider.
Chartist Talk: Nifty needs to break above 24,640 to trap late short sellers for short covering rally to 24,800; buy these 2 stocks, says Ashish Kyal
Short term indicators are showing positive divergence suggesting lack of downside momentum but positive price action awaited in the Nifty 50, said Ashish Kyal of Waves Strategy Advisors.
Trading Plan: Can Nifty 50, Bank Nifty extend Monday's relief rally?
The Nifty 50 needs to clear and sustain above the 24,700–24,750 zone to confirm a northward journey. Until then, consolidation may continue with support around the 24,350 zone.
Trade Spotlight: How should you trade Paytm, Indian Bank, InterGlobe Aviation, Larsen & Toubro, Transrail Lighting, Fortis Healthcare, and others on August 12?
The market may remain consolidative and rangebound until it gives a strong close above all key moving averages. Below are some short-term trading ideas to consider.
Trade setup for August 12: Top 15 things to know before the opening bells
If the Nifty 50 extends gains up to 24,650 (the immediate hurdle) and marches toward the crucial resistance zone of 24,800–24,850 — and sustains there — a major upmove cannot be ruled out. However, failure to do so could lead to continued consolidation, with support at 24,330, followed by 24,200 (the 200-day EMA), according to experts.
Trading Plan: Can Nifty 50, Bank Nifty rebound after last week’s sell-off?
Overall, the sentiment remains favourable for bears, but considering the RSI Smoothened is near oversold levels, a rebound can't be ruled out. The Nifty 50 may face resistance at 24,500–24,600 in case of a rebound.
Trade setup for August 11: Top 15 things to know before the opening bells
If the Nifty 50 breaks below the 200-day EMA (24,200) in the upcoming sessions, the 50-week EMA (24,000) could be the next possible level. On the higher side, however, the 24,500 mark is likely to act as a resistance, according to experts.
Trade Spotlight: How should you trade Sanghvi Movers, Kajaria Ceramics, TVS Motor, Tech Mahindra, Medanta, Pidilite Industries, and others on August 11?
The market may attempt a bounce back after six weeks of consistent losses, but sustainability will be the key to watch. Below are some short-term trading ideas to consider.
OTM butterfly for slow market: Shubham Agarwal
Butterfly is a strategy that involves selling of 2 options close to the current market price of the stock or index and buying a higher strike price option and buying a lower strike price option.
Chartist Talk: Nifty’s technical setup signals caution, but outlook bullish on these 4 stocks for next week, says Sudeep Shah of SBI Securities
Chart formation signals a lack of conviction among bulls and a clear dominance of bears at higher levels, said Sudeep Shah of SBI Securities.
Tariff tantrums to restrict rebound; volatility to rule shortened week
With short positions on the rise and FPIs doubling down on bearish bets, volatility could remain elevated. While oversold readings may spark brief recoveries, structural weakness suggests such rallies may turn into bull traps.
