Vaibhav Barge weekly analysis

Market Outlook– 16th December 2023

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Disclaimer
The information provided in this analysis is for
educational and informational purposes only.

It should not be coVnaisbidheav

reBdaargsefiw
na
en
e kcliyalan
or
a
liynsvisestment advice. Trading or investing in the stock
market involves risks, and past performance is not
indicative of future results.

Always do your own research and consult with a

qualified financial advisor before making any
investment decisions.

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly
analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly

analysis
 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly

analysis
 Vaibhav Barge
weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly

analysis
 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge
weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly

analysis
 Vaibhav Barge weekly analysis
Weekly Index Analysis
India VIX: Currently standing at 13.12, there has been an increase in VIX as NIFTY is trading at
21,500, reaching an all-time high. A little excitement has been observed, leading to increased
volatility.

Nifty 50: Currently at 21,456, FLAG POLE BREAKOUT suggests a bullish trend. Last week, it
suggested a bullish trend above 21,000, followed by an almost 500-point upside rally. If it sustains
above 21,500, it appears very strong and may reach the 22,000 level.

BankNifty: Trading at 48,143, ALL-TIME HIGH, HIGHER HIGH, HIGHER LOW FLAG POLE
BREAKOUT indicate a bullish trend. The same is observed with PVT banks and FINNIFTY, as well
as PSU banks.

Midcapnifty: Once again outperforming, HIGHER HIGH, HIGHER LOW. In summary, the weekly
technical chart suggests that Nifty, Banknifty, and Midcapnifty are strongly bullish.
 Vaibhav Barge weekly analysis
Weekly Analysis in Sectors
• Nifty IT: Triangle pattern breakout, making higher highs and higher lows, heading towards resistance; looks
bullish.

• Nifty Auto: Last week witnessed an all-time high breakout, continuing the uptrend; higher high, higher low -
bullish.

• Nifty Metal: Making higher highs and higher lows, indicating a bullish trend.

• Nifty FMCG: In retest mode near the all-time high breakout. A breakout is needed for a bullish signal.

• Nifty Pharma & Healthcare: Both sectors have experienced an all-time high breakout but are now slightly
down. Retesting mode, exhibiting a flag and pole pattern.

• Infra and Realty: Both are outperformers, as recommended for investment in the infrastructure sector last
week.

• Overall, market sentiments are bullish. Last week suggested investing in the IT sector, Infra, and Realty - all
showing positive signs. Keep it up.
 Vaibhav Barge weekly analysis

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis
Option Chain Seller Activity

Call-side writing is shifting to 22,000; Nifty, supposed to be at 21,500, is shifting to

22,000, indicating strong bullish sentiment.

Put-side writing is shifting towards 21,300 and 21,400.

This week's Put-Call Ratio (PCR) stands at 1.52, showing strong positive changes and
indicating bullish sentiments.

Overall, PUT writers are dominant at 21,300, suggesting strong support.

Falling below 21,300 suggests deploying a bearish strategy.

Rising above 21,500 suggests deploying a bullish strategy with proper risk management.

Vaibhav Barge weekly

analysis
Vaibhav Barge weekly analysis
FII DATA

Vaibhav Barge weekly

analysis

Vaibhav Barge weekly

analysis
 Vaibhav Barge weekly analysis

FII ACTION

• December 1st week saw a decrease in the short percentage from 61%
to 43%, indicating a substantial reduction in short positions.

• In the December 2nd week, the Long Index % increased from 56% to
59%, suggesting that FIIs are bullish.

• Key Point: A significant 59% net buying in index futures indicates

bullish sentiments among FIIs.

• Suggested Strategy: Consider deploying a "buy on dips" strategy in

light of the bullish FII sentiment.

Vaibhav Barge weekly

analysis
 Vaibhav Barge weekly analysis

Conclusion:

The market outlook for the week remains strongly bullish. Nifty,
BankNifty, and Midcapnifty exhibit robust upward trends. Key sectors
like IT, Auto, Metal, and Infra/Realty show positive signs. Option
activity favors a bullish stance, with strong support at 21,300. FII
activities underscore the bullish sentiment, suggesting a "buy on dips"
approach. Traders should remain vigilant for potential breakout levels
and practice risk management strategies.

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Note:
This analysis is based on historical data and trends, but it's essential to remember that
market conditions can change rapidly due to factors like volatility and breaking news. While
the analysis provides valuable insights, always exercise caution and stay updated with real-
time information when making trading decisions.

Vaibhav Barge weekly analysis

Vaibhav Barge weekly
analysis

Thank You

Vaibhav Barge weekly

analysis