29OCT2021

Oct 29, 2021

Indian Indices (Fut) Last Session:
🔴 Nifty broken 18000 with a #BearishMarubuzo in daily TF.
🔴 Nifty has formed a #EveningStar pattern in weekly scale
🔴 BankNifty broke 41450 support & closed lower -1365(3.5%)
🔴 SmallCap & MidCap indexes corrected nearly 8-9% from top.

Institutional Data:
🔴 FII sold 6500 work stocks and index excluding the options
🔴 FII's have sold 18,500 cr equities in cash the last 7 days.
🔴 FII's have sold 7,130 cr index futures in the last 7 days.
🔴 FII have sold 23,900 Cr stock futures in the last 31 days.

#Nifty Technicals:
🔴 Nifty broke rising regression channel with #VSABreakDown bar
🟢 Nifty trading near oversold and demand zone and can bounce.
🟢 RSIStairs bullish D(47.9), W(68.6), M(79.8) & ADX D(38.39).
🟢 Nifty broken the SuperTrend(10,2) & 20DEMA 18027 today DCB.

Global markets (Last Session):
🔴 US markets closed higher pairing previous session losses.
🟠 European markets recovered from the lows to close flat.
🟢 DXY closed @93.34 (-0.49%). US 10YR yield @1.58 (+2.53%)
🟢 Brent crude closed @84.5 with 0.4% loss from previous day.

Global markets (Morning Cues @08.40 AM):
🔴 Asian peers trading mixed. US/Europe Futures trading flat.
🟢 SGXNifty trading up by 4 points indicating flat opening.

Intraday #Nifty Futures Levels
🟠 Range: 17615/17665/17735/17797-17935/17986/18078/18206.
🟠 RDX Score- 15M(-6*)/75M(-5*)/1D(+2*)/1W(+5*) #Caution

Intraday #BankNifty Futures Levels
🟠 Range: 38844/39016/39215/39409-39838/39964/40040/40199.
🟠 RDX Score- 15M(-6*)/75M(-5*)/1D(+2*)/1W(+5*) #Caution
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels

Yesterday Closing #Nifty Trade:
🟢 #BTST #BullishBrokenWingStraddle (-2x ATM PE, -1x ATM/OTM CE)
🟢 Trade taken with view of higher weighted avg close & gap up.

Intraday Index Trade Plan
🟡 #TrailSL and #Hold the #BTST #BullishBrokenWingStraddle

Oct 29, 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.