Market Analysis of 30th September 2021 and Trade Recommendations
Views On Nifty & Bank Nifty: Bears have markets firmly in their grip. Three days of continuous fall have left investors and traders jittery.
Data Analysis: As observed today FIIs sold heavily in cash segment (Rs. 2,225.60 Crs) while FIIs were barely positive. Today FIIs were short on Index Calls and bought Index Futures than sold. Which means they are playing in derivative segment in bringing the market indices down.
US and European markets are in deep red. Check Asian markets in the morning.
Trade Recommendations for 27th Sep – 1st Oct 2021:
1. Bank Of Baroda (81.75): Bullish. One can go Long above RSI = 55 and stay if RSI > 60.
2. Gail (158.85): Bullish. Expect correction. Buy on Dip.
3. Powergrid (189.90): Bullish.Stock is correcting. Buy the stock on reversal from EMA 20 and RSI > 55
a) As calls are valid for the period 27th September to 1st October 2021
b) Any stocks added should be assumed to be included in the watchlist of that current week and those removed should excluded from it.
Data Analysis: As observed today FIIs sold heavily in cash segment (Rs. 2,225.60 Crs) while FIIs were barely positive. Today FIIs were short on Index Calls and bought Index Futures than sold. Which means they are playing in derivative segment in bringing the market indices down.
US and European markets are in deep red. Check Asian markets in the morning.
Trade Recommendations for 27th Sep – 1st Oct 2021:
1. Bank Of Baroda (81.75): Bullish. One can go Long above RSI = 55 and stay if RSI > 60.
2. Gail (158.85): Bullish. Expect correction. Buy on Dip.
3. Powergrid (189.90): Bullish.Stock is correcting. Buy the stock on reversal from EMA 20 and RSI > 55
a) As calls are valid for the period 27th September to 1st October 2021
b) Any stocks added should be assumed to be included in the watchlist of that current week and those removed should excluded from it.