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India VIX index is at 10.87 v/s 10.68 - Axis Securities HIGHLIGHTS Nifty futures yesterday closed at 19769 on a positive note with 5.44% Increase in the open interest indicating Long Build Up. Nifty Futures yesterday closed at a premium of 42 points compared to it’s previous day premium of 48 points. BankNifty yesterday closed at 45045 on positive note with 2.51% Increase in open interest indicating Short Covering BankNifty Futures yesterday closed at a premium of 167 points compared to its previous day premium of 234 points. ...
India VIX index is at 10.87 v/s 10.68 - Axis Securities
India VIX index is at 10.87 v/s 10.68 - Axis Securities
Source: Axis Securities
8/09/2023 10:33:50 AM
On the daily chart, the index has formed a sizable bullish candle and closed above its previous session's high - Axis Securities Nifty Nifty opened flat, but buying momentum prevailed throughout the session, allowing it to close near the day's high. Nifty closed at 19727 on 07th September with a gain of 116 points. On the daily chart, the index has formed a sizable bullish candle and closed above its previous session's high, indicating a positive bias going forward. The index also maintains a higher top and higher bottom formation on the hourly chart, reinforcing the positive bias. According to the chart ...
On the daily chart, the index has formed a sizable bullish candle and closed above its previous session's high - Axis Securities
On the daily chart, the index has formed a sizable bullish candle and closed above its previous session's high - Axis Securities
Source: Axis Securities
8/09/2023 10:13:16 AM
Sell Copper Below 726 SL Above 730 TGT 721/717 - Axis Securities Ltd Gold MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Gold breaks and sustains below 58950 level it would witness selling which would drag the price towards 58650-58400 levels. Important resistance for the day is placed at 59300. SELL GOLD BELOW 58950 SL ABOVE 59100 TGT 58650/58400 Copper MCX Copper opened with a downward gap and selling pressure t...
Sell Copper Below 726 SL Above 730 TGT 721/717 - Axis Securities Ltd
Sell Copper Below 726 SL Above 730 TGT 721/717 - Axis Securities Ltd
Source: Axis Securities Ltd
7/09/2023 6:13:47 PM
Buy Gold Around 59000 SL BELOW 58800 TGT 59200/59500 - Axis Securities Ltd Gold Gold prices closed in red in the last session. On the daily chart prices settled around 59080 and was down by than 161 points. On the daily chart prices is stuck in a range between 59000 and 59600 level. However it is comfortably placed above 20 and 60 EMA which is a positive sign for prices. Buy on dips is recommended as long as 58800 level is intact on the lower side. BUY GOLD AROUND 59000 SL BELOW 58800 TGT 59200/59500   Crude Oil Crude oil prices carried its p...
Buy Gold Around 59000 SL BELOW 58800 TGT 59200/59500 - Axis Securities Ltd
Buy Gold Around 59000 SL BELOW 58800 TGT 59200/59500 - Axis Securities Ltd
Source: Axis Securities Ltd
7/09/2023 12:46:33 PM
EURINR is likely to weaken towards 89 .00 - Axis Securities Ltd Currency Outlook Rupee Outlook * Rupee depreciated for the third day in a row on Wednesday on concerns that higher oil prices may fan inflation in the oil -importing nation . The elevated US treasury yields also pressured the domestic currency . * The pair is expected to hold the support near 83 .00 and move higher towards 83 .30 amid strong dollar and rising US rising treasury yield . The expectation of better economic numbers from US would support the Fed to keep the rates at highe...
EURINR is likely to weaken towards 89 .00 - Axis Securities Ltd
EURINR is likely to weaken towards 89 .00 - Axis Securities Ltd
Source: Axis Securities Ltd
7/09/2023 11:32:45 AM
Nifty opened on a flat note and witnessed selling for the first part of the session - Axis Securities Nifty Nifty opened on a flat note and witnessed selling for the first part of the session. However, last hour pullback action pulled the index higher and closed near day’s high. Nifty closed at 19611 on 06th September with a gain of 36 points. On the daily chart the index has formed a small bullish candle with a long lower shadow indicating buying at lower levels. The index has breached above the descending channel at 19,500, and sustained trading above this level suggests potenti...
Nifty opened on a flat note and witnessed selling for the first part of the session - Axis Securities
Nifty opened on a flat note and witnessed selling for the first part of the session - Axis Securities
Source: Axis Securities Ltd
7/09/2023 10:32:16 AM
India VIX index is at 10.68 v/s 10.81 ATM CE IV 6.65 & PE IV 9.44 - Axis Securities HIGHLIGHTS: Nifty futures yesterday closed at 19659 on a positive note with 0.83% Increase in the open interest indicating Long Build Up. Nifty Futures yesterday closed at a premium of 48 points compared to it’s previous day premium of 79 points. BankNifty yesterday closed at 44644 on negative note with 6.11% Increase in open interest indicating Short Build Up. BankNifty Futures yesterday closed at a premium of 234 points compared to its previous day premium of 234 points. ...
India VIX index is at 10.68 v/s 10.81 ATM CE IV 6.65 & PE IV 9.44 - Axis Securities
India VIX index is at 10.68 v/s 10.81 ATM CE IV 6.65 & PE IV 9.44 - Axis Securities
Source: Axis Securities Ltd
7/09/2023 10:23:37 AM
The USDINR pair followed cues from the rising Dollar index and the USDCNH, and rallied higher towards the 82.30 - USDINR The USDINR pair followed cues from the rising Dollar index and the USDCNH, and rallied higher towards the 82.30. On the daily chart, USDINR pair formed a strong bullish candle, indicating presence of bullish momentum in the pair. The RSI plotted in the daily chart can be seen moving higher towards the overbought level, indicating increasing bullish momentum in the pair. In the sessions to come, 83.30 is expected to act as a resistance level. If the pair manages to break above the 83...
The USDINR pair followed cues from the rising Dollar index and the USDCNH, and rallied higher towards the 82.30 -
The USDINR pair followed cues from the rising Dollar index and the USDCNH, and rallied higher towards the 82.30 -
Source: Axis Securities Ltd
7/09/2023 10:17:03 AM
Sell Gold Below 59100 SL Above 59300 TGT 58800/58600 - Axis Securities Ltd Gold MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session.The chart pattern suggests that if Gold breaks and sustains below 59100 level it would witness selling which would drag the price towards 58800-58600 levels. Important resistance for the day is placed at 59500. SELL GOLD BELOW 59100 SL ABOVE 59300 TGT 58800/58600   Copper MCX Copper opened with a dowanward gap and traded with extreme volatility on either side of the day. Th...
Sell Gold Below 59100 SL Above 59300 TGT 58800/58600 - Axis Securities Ltd
Sell Gold Below 59100 SL Above 59300 TGT 58800/58600 - Axis Securities Ltd
Source: Axis Securities Ltd
6/09/2023 4:02:06 PM
India VIX index is at 10.81 v/s 10.96 ATM CE IV 8.22 & PE IV 9.21 - Axis Securities HIGHLIGHTS: Nifty futures yesterday closed at 19653 on a positive note with 0.42% Decrease in the open interest indicating Short Covering Nifty Futures yesterday closed at a premium of 79 points compared to it’s previous day premium of 80 points. BankNifty yesterday closed at 44766 on negative note with 4.01% decrease in open interest indicating Long Unwinding. BankNifty Futures yesterday closed at a premium of 234 points compared to its previous day premium of 203 points. ...
India VIX index is at 10.81 v/s 10.96 ATM CE IV 8.22 & PE IV 9.21 - Axis Securities
India VIX index is at 10.81 v/s 10.96 ATM CE IV 8.22 & PE IV 9.21 - Axis Securities
Source: Axis Securities Ltd
6/09/2023 10:23:48 AM
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Nifty Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day. Nifty closed at 19575 on 05th September with a gain of 46 points. On the daily chart the index has formed a small bullish candle with shadows on either side indicating indecisiveness amongst participants regarding the direction. The index has breached above the descending channel at 19,500, and sustained trading above this level suggests potential for an upward trend continuat...
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities
Source: Axis Securities Ltd
6/09/2023 10:15:58 AM
The Nifty opened on a positive note and witnessed selling pressure in the initial hour - Axis Securities Nifty The Nifty opened on a positive note and witnessed selling pressure in the initial hour, however buying momentum at lower levels pulled the index higher to close near the day's high. Nifty closed at 19529 on 04th September with a gain of 94 points. On the daily chart the index has formed a small bullish candle with a long lower shadow indicating buying at lower levels. The index has breached above the descending channel at 19,500, and sustained trading above this level suggests...
The Nifty opened on a positive note and witnessed selling pressure in the initial hour - Axis Securities
The Nifty opened on a positive note and witnessed selling pressure in the initial hour - Axis Securities
Source: Axis Securities Ltd
5/09/2023 10:19:29 AM
India VIX index is at 10.96 v/s 11.36 ATM CE IV 8.64 & PE IV 9.16 - Axis Securities HIGHLIGHTS: Nifty futures yesterday closed at 19609 on a positive note with 0.39% Decrease in the open interest indicating Short Covering Nifty Futures yesterday closed at a premium of 80 points compared to it’s previous day premium of 77 points. BankNifty yesterday closed at 44782 on positive note with 5.75% decrease in open interest indicating Short Covering. BankNifty Futures yesterday closed at a premium of 203 points compared to its previous day premium of 165 points. ...
India VIX index is at 10.96 v/s 11.36 ATM CE IV 8.64 & PE IV 9.16 - Axis Securities
India VIX index is at 10.96 v/s 11.36 ATM CE IV 8.64 & PE IV 9.16 - Axis Securities
Source: Axis Securities Ltd
5/09/2023 10:12:53 AM
India VIX index is at 11.36 v/s 12.06 - Axis Securities HIGHLIGHTS: Nifty futures yesterday closed at 19512 on a positive note with 4.83% Decrease in the open interest indicating Short Covering Decrease in the open interest indicating Short Covering Nifty Futures yesterday closed at a premium of 77 points compared to it’s previous day premium of 161 points. BankNifty yesterday closed at 44601 on positive note with 8.60% decrease in open interest indicating Short Covering BankNifty Futures yesterday closed at a premium of 165...
India VIX index is at 11.36 v/s 12.06 - Axis Securities
India VIX index is at 11.36 v/s 12.06 - Axis Securities
Source: Axis Securities
4/09/2023 9:47:18 AM
Bank Nifty started the week on a flat note and remained in a narrow range throughout the week - Axis Securities Nifty Nifty commenced the week with a subdued start and experienced notable volatility throughout most of the trading days. Nevertheless, a surge in buying momentum during the final session propelled the index to finish in positive territory. Nifty closed at 19435 on 01st September with a gain of 170 points on a weekly basis. During the week, Nifty forms a bullish candle but remained constrained within the high-low range of the previous week, suggesting a lack of pronounced directional ...
Bank Nifty started the week on a flat note and remained in a narrow range throughout the week - Axis Securities
Bank Nifty started the week on a flat note and remained in a narrow range throughout the week - Axis Securities
Source: Axis Securities
4/09/2023 9:40:59 AM
NIFTY trades above this level then we may witness a further rally up to 19355-19455-19520 levels - Axis Securities Ltd Nifty Nifty opened with an upward gap but witnessed selling from the opening tick to end on a negative/flat note. Nifty closed at 19254 on 31st August with a loss of 94 points. On the daily chart, the index has formed a sizable bearish candle forming lower High-Low and has also closed below previous session low indicating further weakness. The index is moving in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. The chart pattern suggests that if Nifty c...
NIFTY trades above this level then we may witness a further rally up to 19355-19455-19520 levels - Axis Securities Ltd
NIFTY trades above this level then we may witness a further rally up to 19355-19455-19520 levels - Axis Securities Ltd
Source: Axis Securities
1/09/2023 10:21:44 AM
India VIX index is at 12.06 v/s 11.80 ATM CE IV 15.67 & PE IV 8.39 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19414 on a negative note with 34.74% Increase in the open interest indicating Short Build Up. Nifty Futures yesterday closed at a premium of 161 points compared to it’s previous day premium of 98 points. BankNifty yesterday closed at 44290 on negative note with 96.62% Increase in open interest indicating Short Build. BankNifty Futures yesterday closed at a premium of 301 points compared to its previous day premium of 269 points. ...
India VIX index is at 12.06 v/s 11.80 ATM CE IV 15.67 & PE IV 8.39 - Axis Securities Ltd
India VIX index is at 12.06 v/s 11.80 ATM CE IV 15.67 & PE IV 8.39 - Axis Securities Ltd
Source: Axis Securities
1/09/2023 10:11:13 AM
Buy Gold Around 59200 SL 59000 TGT 59400/59600 - Axis Securities Gold MCX Gold prices closed on a positive note in the last session. Prices opened with a upward gap and settled around 59466 level. On the daily chart prices closed above the previous session high. It has formed a large green candle and it is trading above 20 and 60 EMA and RSI is also above 60 level which indicate that momentum is strong on the upside. Traders can buy Gold on dips around 59200 for the target of 59400 BUY GOLD AROUND 59200 SL 59000 TGT 59400/59600   Crude...
Buy Gold Around 59200 SL 59000 TGT 59400/59600 - Axis Securities
Buy Gold Around 59200 SL 59000 TGT 59400/59600 - Axis Securities
Source: Axis Securities Ltd
31/08/2023 12:12:43 PM
The Dollar reacted negatively to the Jolts Job opening data and the inched lower - Axis Securities Ltd USD/INR The Dollar reacted negatively to the Jolts Job opening data and the inched lower. The USDINR pair followed cues from softer Dollar index and the USDCNH. The USDINR pair opened with a negative gap, around 82.80 and moved lower towards 82.70 in the initial hours of trading, However, strong buying interest near the low of the session pulled it higher. Technically, the pair found resistance near the 50 moving average. The RSI plotted on the daily chart, can be seen moving lower, indica...
The Dollar reacted negatively to the Jolts Job opening data and the inched lower - Axis Securities Ltd
The Dollar reacted negatively to the Jolts Job opening data and the inched lower - Axis Securities Ltd
Source: Axis Securities Ltd
31/08/2023 11:40:57 AM
The trend deciding level for the day is 19380 - Axis Securities Ltd Nifty Nifty opened on a positive note and consolidated in the initial hour however selling pressure at higher levels dragged index lower to close near the day's low. Nifty closed at 19347 on 30th August with a gain of 5 points. On the daily chart the index has formed a bearish candle with upper shadow indicating selling pressure as well as resistance around 20 day daily SMA(19432).The index's inability to surpass the upper band of the descending channel at 19500 suggests a potentia...
The trend deciding level for the day is 19380 - Axis Securities Ltd
The trend deciding level for the day is 19380 - Axis Securities Ltd
Source: Axis Securities Ltd
31/08/2023 10:24:35 AM
India VIX index is at 11.80 v/s 12.23 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19343 on a positive note with 27.88% Decrease in the open interest indicating Short Covering. Nifty Futures yesterday closed at a discount of 5 points compared to it’s previous day discount of 6 points. BankNifty yesterday closed at 44232 on negative note with 18.85% Decrease in open interest indicating Long Unwinding. BankNifty Futures yesterday closed at a premium of 1 points compared to its previous day discount of 5 points. &...
India VIX index is at 11.80 v/s 12.23 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd
India VIX index is at 11.80 v/s 12.23 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd
Source: Axis Securities Ltd
31/08/2023 9:33:45 AM
Buy Crudeoil Above 6770 SL Below 6700 TGT 6900/6950 - Axis Securities Gold MCX Gold opened on a flat note and buying momentum throughout the session. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line dicating positive bias. The price is moving in a Higher top and Higher botton formation on the hourly chart indicating sustained up trend. BUY GOLD ABOVE 59400 SL BELOW 59200 TGT 59650/59800   Crudeoil MCX Crudeoil opened with an upward gap and remained in positive terrain throughout...
Buy Crudeoil Above 6770 SL Below 6700 TGT 6900/6950 - Axis Securities
Buy Crudeoil Above 6770 SL Below 6700 TGT 6900/6950 - Axis Securities
Source: Axis Securities Ltd
30/08/2023 4:20:13 PM
Bank nifty opened with an upward gap but witnessed selling from the opening tick to close on a flat note - Axis Securities Nifty Nifty opened on a positive note and witnessed profit booking in initial hours however buying support at lower pulled index higher to close on a positive note. Nifty closed at 19343 on 29th August with a gain of 37 points. On the daily chart the index has formed a small bearish candle with a lower shadow indicating buying at lower levels. The 19450 level presents a crucial confluence of a downward sloping trendline and the 20 SMA; a definitive daily close above this juncture would ...
Bank nifty opened with an upward gap but witnessed selling from the opening tick to close on a flat note - Axis Securities
Bank nifty opened with an upward gap but witnessed selling from the opening tick to close on a flat note - Axis Securities
Source: Axis Securities
30/08/2023 10:05:58 AM
India VIX index is at 12.230 v/s 12.40 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19337 on a positive note with 15.01% Decrease in the open interest indicating Short Covering. Nifty Futures yesterday closed at a discount of 6 points compared to it’s previous day discount of 15 points. BankNifty yesterday closed at 44500 on positive note with 12.97 Decrease in open interest indicating Short Covering. BankNifty Futures yesterday closed at a premium of 5 points compared to its previous day discount of 8 points. ...
India VIX index is at 12.230 v/s 12.40 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd
India VIX index is at 12.230 v/s 12.40 ATM CE IV 8.55 & PE IV 9.60 - Axis Securities Ltd
Source: Axis Securities
30/08/2023 9:57:24 AM
Buy Gold Above 59050 SL Below 58850 TGT 59300/59500 - Axis Securities Gold MCX Gold opened with an upward gap and remained in positive terrain throughout the day.The chart pattern suggests that if Gold crosses and sustains above 59050 level it would witness buying which would push the price towards 59300-59500 levels.Important support for the day is around 58700. BUY GOLD ABOVE 59050 SL BELOW 58850 TGT 59300/59500   Crudeoil MCX Crudeoil opened on a flat note and buying momentum throughout the session. The chart pattern suggests that if ...
Buy Gold Above 59050 SL Below 58850 TGT 59300/59500 - Axis Securities
Buy Gold Above 59050 SL Below 58850 TGT 59300/59500 - Axis Securities
Source: Axis Securities Ltd
29/08/2023 3:53:19 PM
Nifty opened on a positive note and traded with extreme volatility throughout the session - Axis Securities Nifty Nifty opened on a positive note and traded with extreme volatility throughout the session.. Nifty closed at 19306 on 28th August with a gain of 40 points. On the daily chart the index has formed a small bullish candle with shadows on either side representing extreme volatility as well as indecisiveness amongst participants regarding the direction. The 19500 level presents a crucial confluence of a downward sloping trendline and the 20 SMA; a definitive daily close above this junct...
Nifty opened on a positive note and traded with extreme volatility throughout the session - Axis Securities
Nifty opened on a positive note and traded with extreme volatility throughout the session - Axis Securities
Source: Axis Securities
29/08/2023 10:08:28 AM
India VIX index is at 12.40 v/s 12.08 ATM CE IV 9.62 & PE IV 10.39 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19321 on a positive note with 10.93% Decrease in the open interest indicating Short Covering. Nifty Futures yesterday closed at a premium of 15 points compared to it’s previous day discount of 15 points. BankNifty yesterday closed at 44487 on positive note with 4.47 Decrease in open interest indicating Short Covering. BankNifty Futures yesterday closed at a discount of 8 points compared to its previous day discount of 8 points. ...
India VIX index is at 12.40 v/s 12.08 ATM CE IV 9.62 & PE IV 10.39 - Axis Securities Ltd
India VIX index is at 12.40 v/s 12.08 ATM CE IV 9.62 & PE IV 10.39 - Axis Securities Ltd
Source: Axis Securities
29/08/2023 9:59:08 AM
Sell Silver Below 73200 SL Above 73300 TGT 72600/72200 - Axis Securities Silver MCX Silver opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Silver breaks and sustains below 73200 level it would witness selling which would drag the price towards 72600-72200 levels. Important resistance for the day is placed at 74100. SELL SILVER BELOW 73200 SL ABOVE 73300 TGT 72600/72200   Zinc MCX Zinc opened with an upward gap and remained in positive terrain throughout the day. The chart pattern&nb...
Sell Silver Below 73200 SL Above 73300 TGT 72600/72200 - Axis Securities
Sell Silver Below 73200 SL Above 73300 TGT 72600/72200 - Axis Securities
Source: Axis Securities
28/08/2023 4:35:31 PM
The Dollar did see some buying interest ahead of the Jackson hole symposium - Axis Securities Ltd USD/INR The Dollar did see some buying interest ahead of the Jackson hole symposium. The USDINR pair was broadly flattish and traded in a range between 82.60-82.37 through out the day, majorly because of the pull and push factors. On the daily chart we can see that the USDINR a small candle with a long lower wick, indicating buying interest near the 82.35 zone. The RSI plotted on the daily chart can be seen moving lower towards the oversold zone, indicating increasing bearish momentum in t...
The Dollar did see some buying interest ahead of the Jackson hole symposium - Axis Securities Ltd
The Dollar did see some buying interest ahead of the Jackson hole symposium - Axis Securities Ltd
Source: Axis Securities Ltd
28/08/2023 10:48:20 AM
India VIX index is at 12.08 v/s 11.70 ATM CE IV 6.42 & PE IV 13.89 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19250 on a negative note with 2.74% Increase in the open interest indicating Short Build Up. Nifty Futures yesterday closed at a discount of 15 points compared to it’s previous day discount of 9 points. BankNifty yesterday closed at 44223 on negative note with 4.08 Decrease in open interest indicating Long Unwinding. BankNifty Futures yesterday closed at a discount of 8 points compared to its previous day premium of 63 points. ...
India VIX index is at 12.08 v/s 11.70 ATM CE IV 6.42 & PE IV 13.89 - Axis Securities Ltd
India VIX index is at 12.08 v/s 11.70 ATM CE IV 6.42 & PE IV 13.89 - Axis Securities Ltd
Source: Axis Securities
28/08/2023 9:57:13 AM
Bank Nifty commenced the week with a positive tone but experienced significant volatility - Axis Securities Nifty The opening of the week saw Nifty in a downtrend, navigating through a week of notable and fluctuating volatility. Nifty closed at 19266 on 25th August with a loss of 44 points on a weekly basis. The weekly chart depicts a small bearish candle with an upper shadow, signifying selling pressure near the upper boundary of a descending channel originating from the all-time high. The index continues to move in a lower top and lower bottom formation on the weekly chart indicating negati...
Bank Nifty commenced the week with a positive tone but experienced significant volatility - Axis Securities
Bank Nifty commenced the week with a positive tone but experienced significant volatility - Axis Securities
Source: Axis Securities
28/08/2023 9:49:13 AM
Buy Crude Oil Around 6570 SL Below 6520 TGT 6630/6700 - Axis Securities Ltd CRUDE OIL Crude oil prices rallied in the morning session after prices broke the resistance zone of 6570 and rallied all the way up till 6630 level on intraday basis. On the hourly chart it is trading above 20 and 60 EMA And RSI is also above its reference line whcih indicate that momentum is strong on the upside. Buy on dips is recommended in Crude oil for intraday basis. BUY CRUDE OIL AROUND 6570 SL BELOW 6520 TGT 6630/6700   ...
Buy Crude Oil Around 6570 SL Below 6520 TGT 6630/6700 - Axis Securities Ltd
Buy Crude Oil Around 6570 SL Below 6520 TGT 6630/6700 - Axis Securities Ltd
Source: Axis Securities Ltd
25/08/2023 6:07:56 PM
The USDINR pair was broadly flattish and traded in a range between 82.60-82.37 - Axis Securities Ltd USD/INR The Dollar did see some buying interest ahead of the Jackson hole symposium. The USDINR pair was broadly flattish and traded in a range between 82.60-82.37 through out the day, majorly because of the pull and push factors. On the daily chart we can see that the USDINR a small candle with a long lower wick, indicating buying interest near the 82.35 zone. The RSI plotted on the daily chart can be seen moving lower towards the oversold zone, indicating increasing bearish momentum in t...
The USDINR pair was broadly flattish and traded in a range between 82.60-82.37 - Axis Securities Ltd
The USDINR pair was broadly flattish and traded in a range between 82.60-82.37 - Axis Securities Ltd
Source: Axis Securities Ltd
25/08/2023 10:12:21 AM
Nifty opened with an upward gap but witnessed selling from the opening hour to end on a negative note - Axis Securities Nifty Nifty opened with an upward gap but witnessed selling from the opening hour to end on a negative note. Nifty closed at 19387 on 24th August with a loss of 57 points On the daily chart the index has formed a bearish candle with a long upper shadow indicating selling pressure as well as resistance near 20 SMA. The Nifty index struggled to maintain its position above the upper band of the descending channel from all time high level and the 20 SMA (19509), resulting in a retreat back ...
Nifty opened with an upward gap but witnessed selling from the opening hour to end on a negative note - Axis Securities
Nifty opened with an upward gap but witnessed selling from the opening hour to end on a negative note - Axis Securities
Source: Axis Securities Ltd
25/08/2023 10:09:22 AM
India VIX index is at 11.70 v/s 11.73 ATM CE IV 7.99 & PE IV 10.89 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19396 on a negative note with 2.25% Decrease in the open interest indicating Long Unwinding. Nifty Futures yesterday closed at a premium of 09 points compared to it’s previous day discount of 10 points. BankNifty yesterday closed at 44559 on positive note with 14.14 Decrease in open interest indicating Short Covering. BankNifty Futures yesterday closed at a premium of 63 points compared to its previous day premium of 40 points. ...
India VIX index is at 11.70 v/s 11.73 ATM CE IV 7.99 & PE IV 10.89 - Axis Securities Ltd
India VIX index is at 11.70 v/s 11.73 ATM CE IV 7.99 & PE IV 10.89 - Axis Securities Ltd
Source: Axis Securities
25/08/2023 10:01:57 AM
Buy Gold AROUND 58700 SL BELOW 58500 TGT 58950/59100 - Axis Securities Ltd Gold MCX Gold prices closed on a flat note in the last session. Prices was able to sustain above the immediate zone of 58600 level which is a positive sign for prices. It has broken the 5 day trading range which is a positive sign for prices. Additionaly it closed above 9 EMA on the daily chart and momentum indicator RSI is also trading above its reference line which is a positive sign for prices. Traders can buy Gold on dips around 58700 for the target of 58950 on intraday basis. BUY G...
Buy Gold AROUND 58700 SL BELOW 58500 TGT 58950/59100 - Axis Securities Ltd
Buy Gold AROUND 58700 SL BELOW 58500 TGT 58950/59100 - Axis Securities Ltd
Source: Axis Securities Ltd
25/08/2023 9:53:09 AM
Buy Gold Above 58900 SL Below 58700 TGT 59150/59300 - Axis Securities Ltd Gold MCX Gold opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Gold crosses and sustains that if Gold crosses and sustains above 58900 level it would witness buying which would push the price towards 59150-59300 levels. Important support for the day is around 58700. BUY GOLD ABOVE 58900 SL BELOW 58700 TGT 59150/59300   Naturalgas MCX Gold opened on a flat note and remained in a small range throughout the day. Th...
Buy Gold Above 58900 SL Below 58700 TGT 59150/59300 - Axis Securities Ltd
Buy Gold Above 58900 SL Below 58700 TGT 59150/59300 - Axis Securities Ltd
Source: Axis Securities Ltd
24/08/2023 4:23:26 PM
The USDINR pair continued its fall, courtesy the USDCNH pair tanking - Axis Securities Ltd USD/INR The USDINR pair continued its fall, courtesy the USDCNH pair tanking. The major sell off in USDINR pushed it lower towards the 20 day moving average which is placed at 82.70. On the daily chart we can see that the USDINR formed a strong bearish candled, indicating, that the pair witnessed selloff right from the 1 st tick The RSI plotted on the daily chart has formed a bearish hinge near the overbought zone, indicating, increasing bearish momentum in the pair. In the sessions to com...
The USDINR pair continued its fall, courtesy the USDCNH pair tanking - Axis Securities Ltd
The USDINR pair continued its fall, courtesy the USDCNH pair tanking - Axis Securities Ltd
Source: Axis Securities Ltd
24/08/2023 10:37:55 AM
India VIX index is at 11.73 v/s 11.75 ATM CE IV 7.74 & PE IV 12.03 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19431 on a positive note with 2.59% Decrease in the open interest indicating Short Covering. Nifty Futures yesterday closed at a discount of 10 points compared to it’s previous day premium of 06 points. BankNifty yesterday closed at 44519 on positive note with 0.04 Increase in open interest indicating Long Build Up. BankNifty Futures yesterday closed at a premium of 40 points compared to its previous day premium of 95 points. ...
India VIX index is at 11.73 v/s 11.75 ATM CE IV 7.74 & PE IV 12.03 - Axis Securities Ltd
India VIX index is at 11.73 v/s 11.75 ATM CE IV 7.74 & PE IV 12.03 - Axis Securities Ltd
Source: Axis Securities Ltd
24/08/2023 10:14:32 AM
Banknifty opened with an upward gap and remained in positive terrain throughout the day - Axis Securities Nifty Nifty opened on a positive note and witnessed profit booking in initial hours however buying support at lower pulled index higher to close near the day's high. Nifty closed at 19444 on 23rd August with a gain of 48 points. On the daily chart the index has formed a small bullish candle with a long lower shadow indicating buying at 40EMA. The Nifty index stands at a critical juncture, poised to transcend a persistent descending channel that originated from its all-time peak. The...
Banknifty opened with an upward gap and remained in positive terrain throughout the day - Axis Securities
Banknifty opened with an upward gap and remained in positive terrain throughout the day - Axis Securities
Source: Axis Securities
24/08/2023 10:06:15 AM
Dollar index and the USDCNH pair moving lower put a lot of pressure on the USDINR - Axis Securities USD/INR Both the Dollar index and the USDCNH pair moving lower put a lot of pressure on the USDINR pair. The USDINR pair followed cues from the USDCNH, and opened on a negative note, and then continued to move lower below the 83.00 mark. On the daily chart we can see that the USDINR pair broke below the lower edge of the previous 3 session consolidation. The RSI plotted on the daily chart has formed a bearish hinge near the overbought zone, indicating, increasing bearish momentum in the pa...
Dollar index and the USDCNH pair moving lower put a lot of pressure on the USDINR - Axis Securities
Dollar index and the USDCNH pair moving lower put a lot of pressure on the USDINR - Axis Securities
Source: Axis Securities Ltd
23/08/2023 10:52:59 AM
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities Nifty Nifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day. Nifty closed at 19396 on 22nd August with a gain of 3 points On the daily chart the index has formed a small bearish candle with a long upper shadow indicating selling pressure as well as resistance at the upper band of the falling channel. The index continues to move in a lower top and lower bottom formation on the hourly chart indicating negative bias in a short term. The ch...
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities
Banknifty opened with an upward gap and remained lackluster within a narrow trading range throughout the day - Axis Securities
Source: Axis Securities Ltd
23/08/2023 10:32:13 AM
India VIX index is at 11.75 v/s 11.96 ATM CE IV 7.52 & PE IV 13.11 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19386 on a negative note with 1.57% Decrease in the open interest indicating Long Unwinding. Nifty Futures yesterday closed at a discount of 10 points compared to it’s previous day premium of 06 points. BankNifty yesterday closed at 44088 on negative note with 0.30% Decrease in open interest indicating Long Unwinding.. BankNifty Futures yesterday closed at a premium of 95 points compared to its previous day premium of 112 points....
India VIX index is at 11.75 v/s 11.96 ATM CE IV 7.52 & PE IV 13.11 - Axis Securities Ltd
India VIX index is at 11.75 v/s 11.96 ATM CE IV 7.52 & PE IV 13.11 - Axis Securities Ltd
Source: Axis Securities Ltd
23/08/2023 10:26:04 AM
Sell Naturalgas Below 214 SL Above 219 TGT 207/202 - Axis Securities Ltd Gold MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 58700 level it would witness buying which would push the price towards 59000-59200 levels.Important support for the day is around 58400. BUY GOLD ABOVE 58700 SL BELOW 58500 TGT 59000/59200   Naturalgas MCX Naturalgas opened sharply lower with a downward gap and selling pressure throughout the session. The chart ...
Sell Naturalgas Below 214 SL Above 219 TGT 207/202 - Axis Securities Ltd
Sell Naturalgas Below 214 SL Above 219 TGT 207/202 - Axis Securities Ltd
Source: Axis Securities Ltd
22/08/2023 4:28:00 PM
Nifty began the day with a flat opening but gained momentum with buying activity during the first half - Axis Securities Nifty Nifty began the day with a flat opening but gained momentum with buying activity during the first half. However, in the latter half of the session, it faced selling pressure at higher levels. Despite this, Nifty managed to close the day with a positive note. Nifty closed at 19394 on 21st August with a gain of 83 points. The daily chart reveals the formation of a bullish candle with higher high-low compared to the previous session. Additionally, the index has crossed above the 50-d...
Nifty began the day with a flat opening but gained momentum with buying activity during the first half - Axis Securities
Nifty began the day with a flat opening but gained momentum with buying activity during the first half - Axis Securities
Source: ARETE Securities Ltd
22/08/2023 10:35:37 AM
India VIX index is at 11.96 v/s 12.14 ATM CE IV 7.50 & PE IV 11.58 - Axis Securities Ltd HIGHLIGHTS: Nifty futures yesterday closed at 19400 on a positive note with 3.71% Decrease in the open interest indicating Short Covering Nifty Futures yesterday closed at a premium of 06 points compared to it’s previous day premium of 21 points. BankNifty yesterday closed at 44114 on positive note with 10.94% Decrease in open interest indicating Short Coveirng. BankNifty Futures yesterday closed at a premium of 112 points compared to its previous day premium of 114 points. ...
India VIX index is at 11.96 v/s 12.14 ATM CE IV 7.50 & PE IV 11.58 - Axis Securities Ltd
India VIX index is at 11.96 v/s 12.14 ATM CE IV 7.50 & PE IV 11.58 - Axis Securities Ltd
Source: Axis Securities Ltd
22/08/2023 10:22:43 AM
Sell Gold Below 58250 SL Above 58450 TGT 58000/57800 - Axis Securities Ltd Gold MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 58250 level it would witness selling which would Gold the price towards 58000-57800 levels.Important resistance for the day is placed at 58600. SELL GOLD BELOW 58250 SL ABOVE 58450 TGT 58000/57800   Crudeoil MCX Crudeoil opened with an upward gap and remained in positive terrain throughout th...
Sell Gold Below 58250 SL Above 58450 TGT 58000/57800 - Axis Securities Ltd
Sell Gold Below 58250 SL Above 58450 TGT 58000/57800 - Axis Securities Ltd
Source: Axis Securities Ltd
21/08/2023 5:41:03 PM
Bank Nifty commenced the week with a pessimistic stance and maintained substantial volatility on either side over the course of the week - Axis Securities Nifty • The week commenced with a downward gap for Nifty, exhibiting pronounced volatility on both ends, reflective of a notable absence of underlying strength. • The weekly chart displays a bearish candle characterized by extended shadows on both sides, indicating significant volatility in either direction • The chart pattern suggests that if Nifty crosses and sustains above 19400 level it would witness buying which would lead the index towards 19500- 19600 levels. 18...
Bank Nifty commenced the week with a pessimistic stance and maintained substantial volatility on either side over the course of the week - Axis Securities
Bank Nifty commenced the week with a pessimistic stance and maintained substantial volatility on either side over the course of the week - Axis Securities
Source: Axis Securities Ltd
21/08/2023 10:26:48 AM