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2020

BANK NIFTY ANALYSIS & MARKET TODAYbank nifty perfeclty respecting 35140 support level.. if it fall from current level maybe can see another fall in nifty upto 14600-14260-300 level..this is just my view. MARKET TODAY Global market indicating a postive opening .SGX Nifty up 90 points Nifty50 will remove energy major Gail from the stocks.In Gail's place, Tata Consumer Products will be included in the index from March 31, 2021. FIIs sell Rs 1,569 crore worth stocks DIIs were net buyers Rs 216.67 crore. Nifty support at 14,600 India’s GDP may turn positive at 1.3% in Dec’21 quarter
NSE:BANKNIFTY
by ANKITHSHAJU
1
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
AMARAJABAT - SYMMETRICAL TRIANGLEThis chart shows the consolidation of AMARAJABAT since the start of this month (august). So we expect either an up or downward move one it breaks the pattern. Wait for the breakout. Confirm it is clear breakout with volume . Buy with the help of technical indicators like macd , moving average, pivot points etc Or you could wait for a retracement and buy at retracement (if it happens) Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation. Trade at your own risk.
A
by FAHEEMSAM
2
NIFTY - ONE MORE INDICATION TO PROVE MARKET IS BULLISHA RESISTANCE IS PLACED FOR NIFTY AND IT IS SAID TO BREAK WITHIN THIS WEEK. NIFTY HAD A BULL RUN LAST 2 MONTHS DUE TO RELIANCE ALONE. NOW THE TIME HAS COME FOR OTHER STOCKS FOR FLY. KEEP AN EYE ON NIFTY AS WELL AS BANKING STOCKS BECAUSE THAT IS GOING TO BE IN A BULL RUN FOR THE REST OF THE MONTH. BANK STOCKS SHOULD BE IN WATCH BECAUSE BANKNIFTY IS UNDERPERFORMING FOR A WHILE NOW THEN IS OUR BULLS - DEFENCE STOCKS - THE VERY AMAZING NEWS IS GOING TO BE THE NEXT ROCKETS PAINT COMPANIES (ASIAN, BERGER) ALSO IS IN THE RETRACEMENT AFTER WHICH WE CAN SEE A BULL RUN IN THAT TOO PHARMA IS NOT GOING TO BE BULLISH ENOUGH FROM NOW ON. ZEEL SHOULD ALSO BE IN WATCH AS THEY WERE ARE NOW IN A OVERSOLD ZONE OTHER STOCKS INCLUDE HEVELLS, INFRATEL, AMBUJACEM KEEP IN MIND RELIANCE IS NOT GOING TO PERFORM WELL AND CAN GIVE SHORTING OPPURTINITIES ATLEAST THIS WEEK Beware : Please keep in mind to stay away from pharma and reliance Also this is not any recommendation, This is only for educational purpose. Trade at your own risk. comment down your expection of the market in the coming days and please like if you agree with my statements
NSE:NIFTYLong
by FAHEEMSAM
7
HDFC at crucial level. Make or break. Trade as per the levels.HDFC retraced after a pull back to 38.1% fibo level on weekly charts. Harmonic Shark pattern is forming on weekly charts as well. IF rebounds from current levels, tgt1 will be the control price of the value area and after that 38.1% level. All the levels are mentioned in the chart. If it breaks this support on closing basis, possible tgt is 1.13 ratio of Shark formation which is also mentioned in the chart. I deserve every right to be completely wrong. Trade as per your risk.
H
by harsh1par