03NOV2021

Nov 3, 2021

Indian Indices (Fut) Last Session:
🔴 Nifty closed below 20 DEMA with #TweezerTop in daily TF.
🟢 BankNifty notices DojiStar in daily TF. Regained 20 DEMA.
🟢 SmallCap & MidCap indexes did well by rising nearly 1.0%

Institutional Data:
🔴 FII sold 1650cr worth stocks & index excluding the options
🔴 FII's have sold 23500 Cr equities in cash the last 10 days.
🔴 FII's have sold 20600 Cr stock futures in the last 31 days.
🔴 FII's have sold 8000 Cr index futures in the last 10 days.

#Nifty Technicals:
🔴 Nifty broken rising regression channel & sustaining lower
🟢 RSIStair bullish D(50.0), W(67.9), M(80.1) & ADX D(31.25).
🔴 Nifty trading below ST(10,2) & #ShortTerm MA's 10/20 DEMA

Global markets (Last Session):
🟢 US markets closed higher for 4th consecutive day (at ATH)
🟢 European markets recovered from the lows to close higher.
🟠 DXY closed @94.09 (+0.22%). US 10YR yield @1.55 (-0.64%).
🟢 Brent crude closed @84.1 with 0.46% loss from previous day.
🔴 2Y bond yield rising across countries amid inflation risk.

Global markets (Morning Cues @08.45 AM):
🟡 Asian peers trading flat. US/Europe Futures trading flat.
🟢 SGXNifty trading up by 30 points indicating +VE opening.

Intraday #Nifty Futures Levels
🟠 Range: 17665/17735/17797/17858-17986/18074/18120/18206.
🟠 RDX Score- 15M(+1*)/75M(-2*)/1D(+1*)/1W(+5*) #Caution

Intraday #BankNifty Futures Levels
🟠 Range: 38844/39016/39215/39409-39838/39964/40040/40199.
🟠 RDX Score- 15M(+2*)/75M(-1*)/1D(+2*)/1W(+5*) #Caution
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels

Yesterday Closing #Nifty Trade:
🟢 Book profit or #TrailProfit on the overnight CallCalendar

Intraday Index Trade Plan
🟡 PCR 0.55 low indicating oversold. ShortCovering possible.

Nov 3, 2021

Note

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.