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200sma

NIFTY Trading levels for the daynifty levels mentioned in the chart SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at 14300 -270 level.(we mentioned it already) Yesterday’s nosedive by Sensex erased 1,145 points with the benchmark index closing at 49,744 while the 50-stock Nifty tanked 306 points and gave up 14,700 mark. Rising bond yields, inflation worries across the globe, and the resurgence of coronavirus cases domestically are believed to be troubling the stock markets. Factors driving markets US bond yields rise: Benchmark US Treasury yields hit a near one-year peak but the dollar eased against rivals. Covid cases: In some pockets of India, covid cases have started spiking, spooking investors who believed the crisis was all but over. If this leads to more lockdowns, there could be more negatives for the market. Stimulus coming: President Joe Biden's push for a $1.9 trillion Covid-19 relief bill took a step forward on Friday as a US House of Representatives committee unveiled the legislation Democrats hope to pass by late next week.
NSE:NIFTY
by ANKITHSHAJU
NIFTY bounces from 200SMA | Sell pressure after morning sessionNifty - Technical Analysis: -Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular. -We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory. -NSE Nifty settled 24 points or 0.21 per cent lower at 11,440 Market - Driving Factors: -IT and pharma led the rally as several small and mid-cap stocks registered smart gains today despite the clarifications put out on multi-cap schemes of mutual funds. -Nifty IT and Realty indices jumped up to 5 percent while the broader market was trading on a choppy note. Shares of HCL Tech and Mphasis jumped 10 percent while those of Larsen & Toubro Infotech, Wipro, PCS and Infosys jumped up to 6 percent. -Trade cautiously and look at earnings stability, if investing for the long-term in small-caps. -On the flip side, BSE Telecom, Banks, Finance and Energy failed to perform and ended the day with losses. Nifty - Outlook for Tuesday, 15th September: Owing to US elections in November, we can expect volatility ahead. India VIX was up 2% today. People are suggested not to take huge risk in the coming months as we can see a government trigger coming. During the last US elections, before 20-30 days India came up with demonetisation. Due to the current scenario chances of a cheering clause can be expected. Small cap and mid cap rally can be benefitted from and good companies with earnings stability and growth can be cherry picked for good returns.
NSE:NIFTYLong
by Algokart
4
NIFTY range bound today | Check out how it can react on Monday.Nifty - Technical Analysis: -Nifty closed 15 points, or 0.13 percent, up at 11,464.45. -It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign -FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period. Market - Driving Factors: -Top Index gainers: SBI (2.83%), TechM (1.76%), TCS (1.69%) -Top Index losers: IndusInd Bank (1.68%), Power Grid (1.49%), Airtel (1.16%) -While the market is not in a bubble zone, we note that global cues (US markets on correction mode) have started to turn negative and FIIs have turned sellers along with domestic MFs. -All BSE indices except telecom and utlities end the day in the green Nifty - Outlook for Monday, 14th September: Investors need to be prepared for a minor correction or a side-ways market, going ahead. There are some pockets of value in small-caps, but one needs to be selective. We also need to keep an eye on the US equities and how it behaves today, any further selloff or tension in Indo-China border can lead to more selling pressure. Have a great weekend!
NSE:NIFTY
by Algokart
5
NMDC Ltd. wait for 125 to add new positionsConsidering stock crossing 200DMA is very strong signal to buy, NMDC seems doing so whith positive close on last 2 days. However seeing at RSI near 70 can push stock to lower levels which I think will be good entry. Once can look to add 50% of capacity now and wait to see if it comes to 125 level to purchase remaining. Next immediate target would be 138 and further push can take it to 148. Keep current stop loss as 123 and after momentum keep it as 200DMA on closing basis.
NSE:NMDC
by manddar
Bank Nifty - LongNifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side) Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness. Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA), HDFC Bank ( Trading in a Range) should keep the bank nifty high. Over all Bank nifty looks positive for next session. Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)
NSE:BANKNIFTYLong
by priceNpedia
ICICI Bank find strong support at 200 sma & Bounce with good VolHi Traders, ICICI Bank find strong support at 200 sma & nice Bounce with good Volume. Bullish on stock due to below point: 1) Good Bounce from 200 sma with more volume greater than last 20 day average Volume. 2) Big Bullish candle at form at confluence of support zone 375-385 & 200 sma placed at 386. 3) Good risk reward ratio trader to enter. Target to achieved: T1 : 423 (Book partial profit 50 % as per risk capacity ) T2 : 443 (Book remaining full profit ) Strict stop loss : 378 as (As Below 200 sma & crucial support at 380 ) Happy Learning ); Disclaimer : This is post only for educational purpose . Do your analysis before taking position or trading.
NSE:ICICIBANKLong
by karanwealthape