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Stock market weekly wrap(11-15 September)

Nifty is consolidating in a range. Last whole week trading only in 50 points(9980.40-9934.80). After 3 positive weeks now this week nifty close in negative. So i think this rally is over but we didn’t got any clear indication yet. on daily and hourly both time frame nifty is moving in a tight range. breakout or breakdown will only give us a clear indication of further move.

On hourly chart 9985 -9885 should be our range which we should keep in our mind.Over all trend of nifty is UPTREND UNDER PRESSURE.

Same as BANKNIFTY is also consolidation in a tight range of 24100 – 24500. For coming week 24200-24500 would be our levels to watch. breakout or breakdown will give us further indication.

Pivot points:-


  • R2- 10113.50 & R1- 10044
  • S2- 9845 & S2- 9714.17


  • R2- 24734.93 & R1 -24584.46
  • S2- 24193.42 & S2- 23952.83

Option strategy For Nifty

  1. Sell 9800PE SEP Contract
  2. sell 10150 CE SEP Contract

Total premium you collect is around 100-110rs. stoploss for this strategy is 9750 in downside & 10200 on upside. you can keep it until nifty moving in this range. a sharp move will eat your premium so risk is unlimited in this strategy. stay until Nifty is moving in a range only. main motive is to eat the Premium due to time decay.

NOTE:- Every strategy require Adjustment. So act only if you know how to manage your position.


Some Weekly Views:-

Script Action Entry Stoploss Targets
BEL SELL Below-188.50 192.50 183.50/179.50
HEROMOTOCO SELL BELOW-3960 4010 3910/3860
HINDPETRO SELL BELOW-462 471.50 443.50/428.50
IOC SELL BELLOW-425 432.50 415/405


ISCLAIMER: – we are not a SEBI research analyst. Views posted here only for educational purposes. There is no liability whatsoever for any loss arising from the use of this product or its contents. This product is not a recommendation to buy or sell, but rather a guideline to interpreting specified analysis methods.  This information should only be used by investors and traders who are aware of the risk inherent in securities trading.



About Sachin Siwal

Sachin is NSE Certified & AMFI Registered Financial Advisor. Having an experience of more than 8 years in Indian Share Market. A well-known face on Social Media, Technical Analyst, A option writer, Educator, Strategy Builder and a keen follower of Indian Share Market.

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