Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA PVT. LTD. MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THIS WEB SITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HEREBY DISCLAIMS ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES AND CONTINGEMENT. IN NO EVENT SHALL INVESTMENTGURUINDIA.COM OR BDINFO MEDIA BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THIS WEB SITE, WITH THE DELAY OR INABILITY TO USE THIS WEB SITE, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THIS WEB SITE, OR OTHERWISE ARISING OUT OF THE USE OF THIS WEB SITE, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE, EVEN IF INVESTMENTGURUINDIA.COM OR BDINFO MEDIA HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEB SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS WEB SITE. MUTUAL FUND INVESTMENTS IS SUBJECT TO MARKET RISK. PLEASE READ THE COMPLETE OFFER DOCUMENT, PRODUCT BROCHURE BEFORE MAKING INVESTMENTS. BEFORE INVESTING IN INSURANCE PLEASE READ THE COMPLETE PRODUCT DETAILS AND TAKE REGISTERED EXPERT ADVICE TO UNDERSTAND THE FINER POINTS & DETAILS OF THE PRODUCTS. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. To Read Complete Disclaimer Click Here
Data Source Provided By : Accord Fintech Pvt. Ltd.
Disclaimer: ADVICE (IF ANY) OR DATA OR INFORMATION OR CONTENT RECEIVED VIA THIS WEB SITE SHOULD NOT BE RELIED UPON FOR PERSONAL, MEDICAL, LEGAL OR FINANCIAL DECISIONS AND YOU SHOULD CONSULT AN APPROPRIATE PROFESSIONAL FOR SPECIFIC ADVICE TAILORED TO YOUR SITUATION. To Read Complete Disclaimer Click Here
Data Source Provided By : Accord Fintech Pvt. Ltd.
TRADING CALLS

Auto Page Refresh : ON

Kedia Commodities

SELL

Published on 29-02-2024 10:45 am

GBPINR

Observation

GBPINR trading range for the day is 104.59-105.39.

GBP slipped with investors avoiding risks before key inflation data

Bank of England's Bailey sees signs of UK economy upturn

The futures market shows traders widely expect the BOE to cut rates in August, with a slim chance of a cut in June.

SELL GBPINR MAR @ 105.15 SL 105.45 TGT 104.8-104.6

 

Click Here - http://tinyurl.com/bd554pve


(Disclaimer: https://bit.ly/2ziDavw)


Kedia Commodities

SELL

Published on 29-02-2024 10:44 am

EURINR

Observation

EURINR trading range for the day is 89.59-90.13.

Euro remained weak as investors remained cautious ahead of key inflation data

Euro zone lending stagnated in January, ECB says

European Central Bank officials agreed that it was premature to discuss interest rate cuts

SELL EURINR MAR @ 90 SL 90.2 TGT 89.8-89.6.

 

Click Here - http://tinyurl.com/bd554pve


(Disclaimer: https://bit.ly/2ziDavw)


Axis Securities

OUTLOOK

Published on 29-02-2024 10:20 am

HIGHLIGHTS:

Nifty futures closed at 21921 yesterday on a negative note with price cut of 1.11% & 24.60% Decrease in the open interest indicating Long Unwinding. It closed at a discount of 30 points compared to its previous day’s premium of 05 points. Bank Nifty closed at 45852 yesterday on a negative note with price cut of -1.58% & 26.86% Decrease in open interest indicating Long Unwinding. It closed at a discount of -111 points compared to its previous day’s discount of -1 points

In Yesterday’s Trading Session FII's

Sold Index Futures to the tune of 243 Cr,

Sold Index Option worth 31107 Cr,

Sold Stock Futures to the tune of 635 Cr,

Net Sold in the derivative segment to the tune of 31597 Cr.

In Cash Segment FII Sold 1879 Cr & DII Bought 1827 Cr

The India VIX index is at 16.33 vs 15.73, ATM CE IV 13.54 & PE IV 27.31

Index options PCR is at 0.66 vs 1.00 to its previous day closing.

Nifty Put options OI distribution shows that 21800 has the highest OI concentration followed by 22000 and 21600 which may act as support for current expiry

Nifty Call options OI shows that 22200 has the highest OI followed by 22500 which may act as resistance for current expiry.

BankNifty Put options OI distribution shows that 46000 has the highest OI concentration followed 45700 which may act as support for the current expiry

BankNifty Call strike 46500 followed by 46000 witnessed significant OI concentration and may act as resistance for the current expiry.

 

Click Here - http://tinyurl.com/yskbept9


For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-homeSEBI Registration number is INZ000161633


Axis Securities

OUTLOOK

Published on 29-02-2024 10:18 am

Bank Nifty

Bank Nifty opened with an upward gap but witnessed selling from the opening tick to close on a negative note. Bank Nifty closed at 45963 on 28th February with a loss of 625 points.

On the daily chart, the index has formed a sizable bearish candle and closed below the previous session's low, indicating a negative bias. The index continues to move in a lower top and lower bottom formation on the daily chart indicating a negative bias. The chart pattern suggests that if Bank Nifty crosses and sustains above 46100 levels, it would witness buying, leading the index towards 46250-46350 levels. Important Supports for the day are around 45850. However, if the index sustains below 45700, it could witness profit booking, leading the index towards 45700-45600 levels. Bank Nifty is trading below the 20, 50, 100, and 200-day SMAs, indicating a negative bias in the short to medium term. Bank Nifty continues to remain in a downtrend in the short term. Therefore, exiting on small pullback rallies remains our preferred strategy.

The daily strength indicator RSI has turned negative from 60-level mark and is below its reference line, indicating a sustained downtrend.

The trend-deciding level for the day is 46190. If BANK NIFTY trades above this level, we may witness a further rally up to 46530-47090-47430 levels. However, if BANK NIFTY trades below 46190 levels, we may see some profit booking initiating in the market, which may correct BANK NIFTY up to 45625-45290-44725 levels.

 

Click Here - http://tinyurl.com/mdsec6z4


For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-homeSEBI Registration number is INZ000161633


Axis Securities

OUTLOOK

Published on 29-02-2024 10:18 am

Nifty

Nifty opened on a flat note. However, profit booking for most of the session led the index downwards to end in the red. Nifty closed at 21951 on 28th February, marking a loss of 247 points.

On the daily chart, the index has formed a "bearish engulfing" candle after facing major resistance near the 22300 levels, indicating profit booking at higher levels. The index is moving in a higher top and higher bottom formation on the daily chart, indicating a sustained uptrend in a medium term. The chart pattern suggests that if Nifty crosses and sustains above 22000 level it would witness buying which would lead the index towards 22100-22200 levels. Important Supports for the day are around 21900. However, if the index sustains below 21900, then it may witness profit booking which would take the index towards 21800-21700 levels. Nifty is trading above the 20, 50, 100, and 200-day SMAs, indicating a positive bias in the medium term. Nifty continues to remain in an uptrend for the medium term, making buying on dips our preferred strategy.

The daily strength indicator RSI has turned negative from the 60-level mark and is below its reference line, indicating profit booking.

The trend-deciding level for the day is 22030. If NIFTY trades above this level, we may witness a further rally up to 22150-22345-22460 levels. However, if NIFTY trades below 22030 levels, we may see some profit booking initiating in the market, which may correct NIFTY up to 21835-21720-21520 levels.

 

Click Here - http://tinyurl.com/mdsec6z4


For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-homeSEBI Registration number is INZ000161633