GRMIIT OFFICIAL- Stocks, Commodities, Currency

For swing and positional traders, Doing nothing is also a good strategy.

Till #nifty is above 24570 or 24200, there's good chance of reversal.

Below 24200 trend will become bearish.
Until then, we're only doing buying as we get greedy when we're getting stocks on sale.

Good morning have a profitable day ahead 💯 🔥

#giftnifty suggests a flat opening.

American markets showed some profit booking yesterday after making new highs. #Gold #silver making new highs every day.

Fii's broke the selling record. They sold more than ₹80,000 crores of equities this month, HIGHEST EVER. But still #Nifty is down only 5-6%. Dii's & retailers doing their duty well.
Reason behind their selling is clear that #China is providing better opportunity and also Indian stock market taxes are extremely high.

#Nifty and #banknifty needs to protect their last weeks low of 24567 & 51000. If it sustains below these levels then we can see some consolidation in markets for 2 more months.
If it doesn't go below these levels and cross resistance of 25150 then we can see new highs before NOVEMBER end.

Trend is neutral. Strategy is to buy on dips near support (70%) and sell on rise near resistance (30%)

#Nifty
Support:  24950 (s1) 24650 (s2)
Resistance:   25300(r1) 25550(r2)

#Banknifty
Support:  51700 (s1) 51000(s2)
Resistance:  52400 (r1) 52750 (r2)

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests a flat opening.

American markets are at all time high. After 2 weeks president elections will start there. #gold #silver making new highs every day. #Crudeoil is near $73 which is way below resistance of $80.

We saw mixed results from #hdfcbank #kotakbank over the weekend. But overall growth was there. And there stock prices haven't moved up in last 3-4 years. So I'm expecting fresh breakouts in both of them. We're holding them from lower levels and we'll keep holding them.

#Nifty formed piercing pattern and #banknifty formed HH & HL pattern, both are bullish. Important resistance is 25150 & 52100, any close above these levels will open gates for much higher levels in this month.

Overall trend is bullish and sentiment is neutral. Our strategy is to buy on dips near support (70%) and sell on rise near resistance (30%).

24600 se 24850 💚🔥💯

As mentioned.. we deployed funds today at low..

Hope it was helpful.

To get in touch and trade with us..
Whatsapp on: 9990138844

#Nifty might reverse from either 24600-24650 zone
Or
24200 - 24250 zone.

We might see new highs in coming months, so we'll use this opportunity to deploy remaining funds at these levels. #Diwali rally might come from next week onwards.

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests a gap down opening.

#Axisbank results were better than expectation and we can see some follow-up in this counter.

Today we're getting results of #oberoireality #hindzinc #zeel #tataconsumer #jiofin
Tomorrow: #hdfcbank

Bullish on #bfsi #metal #chemical #IT

#Nifty #banknifty might show #Diwali rally from next week onwards. We'll use the support levels of 24600-24650 or 24200-24250 for #Nifty &
50600-50700 for #banknifty to deploy more funds into the system.

Fii's have sold more 65k crores of funds in last few weeks. And this much selling was followed by 2008 crash and 2020 crash. This time there's no such news flow plus Dii's increasing their stake as they're also sitting on big cash pile. So, our markets will find support at given levels and will start running again to new highs soon.

Overall the trend is neutral and sentiment is negative. Our strategy is to buy on dips near support (70%) and sell on rise near resistance (30%).

#Nifty
Support:  24950 (s1) 24650 (s2)
Resistance:   25300(r1) 25550(r2)

#Banknifty
Support:  51700 (s1) 51000(s2)
Resistance:  52400 (r1) 52750 (r2)

Good morning have a profitable day ahead 💯 🔥

#giftnifty suggests a gap down opening.

Yesterday we saw some profit booking in #Dji & #nasdaq as semiconductor & AI stocks were down due to forecast cut by ASML.

Some #Bfsi stocks results were good and we can see some good move in them
#hdfclife #bankofmaharashtra #hdfcamc
Expecting good results from psu banks.

#Nifty is facing sell-off due fall in #reliance and #IT stocks.
#banknifty is trying to move up but facing resistance due to fall in #Nifty. This range bound move will be ending soon and we can see one sided move by this Friday or Monday.

Overall trend is neutral. Sentiment is neutral. Our strategy is to buy on dips near support (50%) and sell on rise near resistance zone (50%)

#Nifty
Support:  24950 (s1) 24650 (s2)
Resistance:   25300(r1) 25550(r2)

#Banknifty
Support:  51700 (s1) 51000(s2)
Resistance:  52400 (r1) 52750 (r2)

Good morning have a profitable day ahead 💯 🔥

Yesterday American markets made all time high.
#crudeoil fell 2.5% to $75 as OPEC cut demand forecast.

India CPI is at 5.49% hitting 9 months high as food prices rise.

#Nifty is still in a neutral zone and it needs to cross 25300 to get back into bullish trend. #banknifty crossed it's important resistance zone yesterday of 51800 and now it's back into bullish trend.

We're already bullish on #Bfsi #metal #chemical #IT

These sectors are making higher highs and we're riding on them from last few months. We caught the bottom in #IT & #banks💯🔥

Overall trend is neutral and sentiment is positive. Our strategy is to buy on dips near support (70%) and sell on rise near resistance (30%)

If banknifty sustains 15 min above 51800 then it'll head towards 53000 - 53500

Good morning have a profitable day ahead 💯 🔥

#giftnifty suggests a flat opening.

Isreal-iran tension geopolitical tensions escalating over weekend.
#Crudeoil is to be watched out, any move above $80 will be negative for Indian equities.
#reliance #hcltech will be posting their quarterly results today.

#Nifty #banknifty important support is 24950 & 50700 any move below these levels will open gates for 24650 & 50200 respectively.
Important resistance are 25300 & 51800 respectively.

Overall trend is neutral and sentiment is negative. Our strategy is to buy on dips near support (50%) and sell on rise near resistance (50%).

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests a flat opening.

Yesterday US CPI came slightly higher than expected. Atlanta fed president Raphael Bostic hinted he's ok with a pause in November.

#TCS results lower than expectation and rating agencies state that IT sector near-term uncertainty persists as they see continued challenges faced by #IT outsourcing companies.

#Nifty #banknifty trend weak till they're below 25300 & 51800 resistance.
We'll looking to sell on rise near resistance levels.

Overall trend is neutral and sentiment is negative. Our strategy is to buy on dips near support (50%) and sell on rise near resistance (50%).

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests gap up opening.

Yesterday #dji closed at record high. US CPI data is expected to be released today in the evening.

#TCS will be releasing it's result today.

#Nifty #banknifty are in a volatile range. Immediate resistance is @ 25300 & 51800 respectively.
Immediate support @ 25000 & 51000.

Trend changing support @ 24650 & 50200 respectively.
Any close below these levels will open gate for much lower levels.

Markets are volatile and choppy. So, trading specific stocks is only the theme for this month.

Bullish sectors: #Bfsi #metal #IT #chemical

Overall trend is neutral sentiment is negative. Our strategy is to buy on dips near support (50%) and sell on rise near resistance (50%).

No rate cut..

Markets took resistance at given levels of #Nifty 25300 & #banknifty 51800..

And now selling continues...

Personal view:
Rbi keeps repo rate unchanged. Markets again is disappointed with this outcome.
It's a total waste of to wait for economy to slowdown and then reduce repo rate.

That's why market sold off from day's high.

Volatility will presume. No change in view.

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests a flat opening.

Today's RBI MPC, any rate cut will lead to short covering in markets and help #Nifty #banknifty to cross their resistance levels of 25300 & 51800 respectively.

Yesterday we saw some relief in #crudeoil prices due to which global equities saw some bounce.

Big IT companies will start posting results and we should see some good outcome in #Banks #IT #insurance #metals #chemical sectors which are looking bullish to me.

Overall trend is neutral and sentiment is neutral. Our strategy is to buy on dips near support (50%) and sell on rise near resistance (50%).

Good morning have a profitable day ahead 💯 🔥

#Giftnifty suggests a slight gap down opening.

Geopolitical tensions is helping #crudeoil to rise near $80. American markets were also down yesterday almost 1% and they start to bleed then all global markets will also follow.

2 Indian states voting today and tomorrow RBI mpc policy meeting at 10 am.

So ideally we should be waiting for the volatility to settle down and let the markets reach it's important buying zone of 24000-24200 #Nifty. So that we can initiate our second tranche of investment.

Overall trend is negative and sentiment is negative. Our strategy is to buy on dips near support (50%) and sell on rise near resistance (50%)

#Nifty
Support:  24950 (s1) 24650 (s2)
Resistance:   25250(r1) 25550(r2)

#Banknifty
Support:  51350 (s1) 50700(s2)
Resistance:  51800 (r1) 52450 (r2)