NIFTY WEEKLY OUTLOOK:PREDICTION FOR 14 FEB TO 18 FEB 2022

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NIFTY WEEKLY SUPPORT & RESISTANCE

		SUPPORT			RESISTANCE
	S1	S2	S3	R1	R2	R3
CLASSIC	17,475	17,345.00	17,263	17,687	17,769	17,900
Fibonacci	17,476	17,426.00	17,345	17,638	17,688	17,769
Camarilla	17,586	17,566	17,547	17,625	17,644	17,664

This week, nifty is struggling at 17,000 and the worst shares of SBI, Bank of Baroda, Can Bank are hitting new highs. Now Maruti is following suit. So someone is wrong with all those tom-toming midcap IT and how IT is the only performer! Since we are experiencing growth, the market is adjusting to these higher rates and we cannot go without sync.
We have a good chance of returning to 18,000 next week. The results have been good and there is now enough cushion to handle the downside in IT, Pharma, and the metal index. From my perspective, we see 18,000 after next week's policy and we will take it from there. Earlier today, the market snapped three days of winning streaks and lost over 1.5% after US consumer prices came in hotter than expected. RBI surprised markets yesterday by keeping policy rates unchanged and deciding to maintain its accommodative stance despite high inflation.
US CPI Inflation: After the US consumer price index came in higher than expected, Indian and global equity markets slumped, amid fears that the US Federal Reserve will raise interest rates aggressively to fight inflation.
RBI Policy: Yesterday, the Reserve Bank of India maintained key policy rates steady in the face of elevated inflation. Our view is that managing inflation, rates, and currencies simultaneously will be difficult. The Fed is expected to raise the reverse repo by 100-110bps beginning in Q2 2022, due to increased inflation, currency depreciation, and US rate hikes.
Weakening  Rupee: As a result of continued selling pressure by foreign investors, the domestic currency fell to 75.38 per dollar in January and 1.17 per dollar in February.
"In our view, the RBI's dovish stance in the near term with its focus on growth rather than inflation risk has a slight negative effect on the INR for the following reasons:, In addition, the RBI's monetary policy diverges significantly from that of major central banks, and its FX stance could be seen as lagging behind inflation expectations”

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NIFTY FUTURE LEVEL PREDICTION FOR TOMORROW 10-FEB-2022

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MARKET LAUDS RBI'S ACCOMMODATIVE APPROACH
As a result of today's market reaction, the RBI's MPC members decided to keep key policy rates unchanged and maintain an accommodative stance "as long as necessary" to support the economy amid the COVID-19 pandemic.
This is the third time in a row that the market has closed in the green.In keeping the key policy repo rate and reverse repo rate unchanged, the central bank adhered to its accommodation stance. There were gains across sectors, with Bank, Financial Services, Metal and IT indices rising more than 1 percent each.On the daily charts, the Nifty50 formed a bullish candle similar to the Hanging Man. Experts believe the index needs to decisively surpass 20-day moving average to extend the uptrend in coming sessions, till then there could be range bound and volatile trade.After initial correction to 17,427, the Nifty50 recovered gradually after the policy decision and reached a day's high of 17,639. The index closed at 17,605.80, up 142 points or 0.81%.

RESISTANCE	R1	R2	R3
	17683	17772	17982
SUPPORT	S1	S2	S3
	17473	17352	17142

OPTION TRADING: A GUIDE FOR BEGINNERS

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Options trading may seem overwhelming at first, but it's easy to understand if you know a few key points. Investor portfolios are usually constructed with several asset classes. These may be stocks, bonds, ETFs, and even mutual funds. Options are another asset class, and when used correctly, they offer many advantages that trading stocks and ETFs alone cannot.

KEY TAKEAWAYS

• An option is a contract giving the buyer the right—but not the obligation—to buy (in the case of a call) or sell (in the case of a put) the underlying asset at a specific price on or before a certain date.
• People use options for income, to speculate, and to hedge risk.
• Options are known as derivatives because they derive their value from an underlying asset.
• A stock option contract typically represents 100 shares of the underlying stock, but options may be written on any sort of underlying asset from bonds to currencies to commodities.
  
  

Why Use Options:-

Speculation
Speculation is a wager on future price direction. A speculator might think the price of a stock will go up, perhaps based on fundamental analysis or technical analysis. A speculator might buy the stock or buy a call option on the stock. Speculating with a call option—instead of buying the stock outright—is attractive to some traders because options provide leverage. An out-of-the-money call option may only cost a few dollars or even cents compared to the full price of a $100 stock.

Hedging
Options were really invented for hedging purposes. Hedging with options is meant to reduce risk at a reasonable cost. Here, we can think of using options like an insurance policy. Just as you insure your house or car, options can be used to insure your investments against a downturn.
Imagine that you want to buy technology stocks. But you also want to limit losses. By using put options, you could limit your downside risk and enjoy all the upside in a cost-effective way. For short sellers, call options can be used to limit losses if the underlying price moves against their trade—especially during a short squeeze.

NIFTY LEVEL PREDICTION FOR TOMORROW 10 FEB 2022

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During today's trading session, the market opened on a gap-up note and showed strength throughout, closing at 17463 level with a gain of 197 points and Bank Nifty at 38610 level with a gain of 581 points. Currently, the index has support at 17200 levels and resistance at 17600 levels, while Bank Nifty has support at 38000 levels and resistance at 39400 levels.
The retail investor continues to show optimism on market dips. While we are seeing FII outflows, we are seeing positive inflows from domestic investors as well. It is always advisable to buy on dips for better rupee-cost averaging that  results in good long-term outcomes.The positive trend in dynamic flows is also encouraging, as most asset-allocation models maintain a balance of debt and equity allocation to take advantage of market corrections and rise in equity allocations.We will be watching closely tomorrow's RBI policy announcement since rising domestic inflation and tightening policy by global central banks are likely to influence the central bank to take a similar stance. 

RESISTANCE	R1	R2	R3
	17541	17596	17756
SUPPORT	S1	S2	S3
	17381	17276	17116