Alltimehigh
Ambika cotton mills -Bullish structureAmbika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and Knitting facility of converting 40,000 Kgs of yarn per day into fabrics.
Quarterly updates
Net profit up 177% to rs 29 crore YoY.
Declared 35 rs dividend
Technicals
Cup& handle breakout.
Demand zone - 1200-1240
Possible target:- 1450-1700-1850
Keep Stoploss:- 1070(WC)
Only for educational Purpose
Mentorship InstaView 18 Oct’21: No Time to Slow Down
Nifty View: Strong momentum continues for the benchmark Nifty index as it gained another 140 points in today’s session. The index has opened with a rising gap in the last two trading sessions. However towards today’s close we did notice some degree of momentum slowdown, which is very much obvious considering the rate at which prices have accelerated over the past few trading sessions. Strategically one should maintain a bullish bias and look to initiate long trades, either fresh breakouts or pullbacks. Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
BTC TREND ANALYSIS FOR 18th Oct‼️‼️BTC CHART ANALYSIS ‼️‼️
Kal btc ki life ka important day ha kyuki i think kal hi vo din ha zab btc apne new all time high pr zaega.
Kal ke lie meine 6 stages ka ANALYSIS kia ha 6 different time periods se trend line bana kr.
Trend lines from :-
1 Oct.
6 oct.
11 Oct.
Sabki possible conditions ka estimate lagya ha.
And 6 stages me result aaya ha.
Agar favourable conditions me chala market to :-
Stage 1 :- Is stage me kal bitcoin zada der tak nahi rhna chiye zaldi hi stage 2 ki taraf zaega.
Stage 2 :- Is stage tak aate aate maybe sham ho zae but is stage pr bitcoin ko ek bhari resistance ka samna krna pdega, ye vohi stage ha zispe pichli bar btc aakar har man kr gir gya tha.
Stage 3 :- agar yaha tak btc pouchta ha to vo thoda slow ho skta ha maybe stage 2-3 me ghumta rhe thode ghante ya din.
But agar pump massive hua to btc 68k tak bhi za skta ha kal direct.
Stage 4 :- agar is stage ne btc enter kr leta ha to fir free ha btc sidha 68k tak zaega.
Ab aati ha agar market reverse act krti ha to.
Stage 5 :- ye normal stage ga agar market bullish hi rhi to bitcoin isse zyada niche nahi zaega and isme aakar vapis stage 1 me recover kr lega.
Stage 6 :- ye downfall resistance ha in case market me fake bears aaye and is stage ko bhi unhone tod dia to btc. 53k tak bhi gir skta ha. Lekin usme darne ki bat nahi ha btc recover kr lega easily. Lekin thoda time lag skta ha
TATA COFFEE - Near all time highHello all,
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).
A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.
If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)
Happy Trading!
# HDFCBANK ON THE EDGE OF A POTENTIAL BREAK OUTHDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out.
There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need
a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if 50% FIB levels are met.
The trend indicators ADX is DMI + bull zones and strength of it seen rising on all timeframes short/medium/long.
The price momentum also is clearly bullish all around.However put tight stops below neckline of the breakout zone below entry candle.
If this breaks out really you could image where nifty /bank nifty could get to.
Nifty OHLC is above 18000 helps Nifty SoarNIFTY 50 EOD ANALYSIS -13-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 18097.85
H 18197.80
L 18050.75
C 18161.75
EOD - +169.80 points /+0.94%
SGX Nifty at 1905h = +44 points
FII DII = +506 Crores
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a strong gap up of more than 100 points and then kept crawling up throughout the day.
It made a higher high and a higher low.
Nifty ended the day comfortably above 18150.
Nifty low for the day was at 18050 and that is a great statistics to have - all OHLC above 18000.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 103
Top 5 Draggers contributed = 17
Net = +86
POSITIVES
Nifty OHLC was above 18000.
Tata Motors was the key driver for Nifty as it single-handedly contributed 50 points to Nifty.
Reliance soared yet again though it ended below 2700.
Bank Nifty OHLC was also well above 38000.
NEGATIVES
TCS continued to be under pressure.
Bank Nifty ended in green but that was mainly on account of HDFC Bank and Kotak Bank. The rest of the lot looks vulnerable at higher levels.
TRADING RANGE FOR 13-10-21
Nifty = 17900-18000 as the support band and I am not sure about the resistances other than the ATH level.
Bank Nifty = 38000-38200 as the support band and I am not sure about the resistances other than the ATH level.
INSIGHTS / OBSERVATIONS
I do not recall ever seeing Tata Motors rise the way it did today. This was very pleasing to the eyes.
And it was interesting and surprising to see that Maruti was the top loser when its elder sibling Tata Motors making the sector roar.
The ever sleepy M&M & ITC also roared today.
On one side DMart ended the day above 5000 and with a 7%+ rise selling FMCG items and the FMCG giant Hindustan Unilever fell more than 1%!
Is distribution replacing manufacturing?
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
13-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
---
Bank Nifty OHLC is above 38000 helps Nifty reboundNIFTY 50 EOD ANALYSIS -11-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17915.80
H 18008.65
L 17864.95
C 17991.95
EOD - +46 points /+0.26%
SGX Nifty at 1855h = +32 points
FII DII = Not yet available.
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened a mild gap down and then immediately rallied but got rejected just below 18000 and then sold off.
It appeared that it may well retest the low levels of 11-10 but then it was halted above 17860.
Nifty was very choppy through the day and it as only in the last 90 minutes that it was able to make a smart and quick recovery and went past 18000 but ended up closing just below the line.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 43
Top 5 Draggers contributed = 24
Net = +19
POSITIVES
Bank Nifty hit a new ATH and also ended at a new ATH.
Bank Nifty is now outperforming Nifty.
HDFC Bank went up close to 1630-35. It ended also around the same levels.
SBI has hit yet another ATH and is helping the indices
NEGATIVES
TCS continues to bleed.
Infosys also dragged Nifty like HCL Tech.
HDFC has been struggling and even ICICI Bank is finding it hard to hold on to higher levels.
TRADING RANGE FOR 13-10-21
Nifty 17700-750 is the support base. I am not sure about the resistance levels as price action in Infosys, Wipro, as well as HDFC Bank may keep driving Nifty as they get ready to receive their answer papers during the next few days.
Bank Nifty Support = 37700-800 appears to be a good support area. Since the ATH was hit today as well, I will let the index play its game for a couple of days and see where it ends the week before commenting on any resistance levels.
INSIGHTS / OBSERVATIONS
Each stock has its character and TCS surely has one. It generally heads higher ahead of the results and then falls as generally the expectation from it is more than what it ends up delivering.
HDFC Bank also seems to be following that path although 2 more trading days to go.
Infosys appears to be neutral and asl long as it holds 1650-60 line, it may head higher post results.
Bank Nifty OHLC is above 38000 which is a great thing and I am now waiting for Nifty OHLC to be above 18000!!
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
12-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
---
4000 coming for TCS?TCS, the leader of the IT pack, is in a nice uptrend. If we see a continuation of the bar formed today, we should be approaching 4000 odd levels in no time. One could initiate a trade keeping the following levels in mind.
_____________________________________________________________________________________________________________________________
LONG ABOVE: 3853
STOP LOSS: 3767
TARGET 1: 3939
TARGET 2: 4025
_____________________________________________________________________________________________________________________________
Only initiate the trade if price sustains above the "LONG ABOVE" level for at least 15 minutes.
Manage risk properly and trade your plan.
Like and follow for more. :)
IT "glitch" drags Nifty below 17950 from 18040+NIFTY 50 EOD ANALYSIS -11-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17867.55
H 18041.95
L 17839.10
C 17945.95
EOD - +50.75 points /+0.28%
SGX Nifty at 1930h =20points
FII DII = -1676 Crores.
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened a mild gap up and then sold off to 8-10 low level and then, made a strong and sustained recovery to clear 18000 in style and then topped 18040 as well.
However, by then FTSE had opened and the usual nervousness walked in and then there was a sell-off over the next 3 hours.
Yet again, Nifty ended the day 90+ points below the ATH level achieved during the day.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 72
Top 5 Draggers contributed = 87
Net = -15
POSITIVES
Nifty hit an All Time High above 18000.
Nifty ended at yet another ATH close.
HDFC was very volatile but settled in the green on an EOD basis.
HDFC Bank seems to be pricing in a good result like how TCS did.
Bank Nifty hit a new ATH and also ended at a new ATH.
NEGATIVES
IT big heads dragged Nifty in a big way.
I do not recall TCS falling more than 3% post results in the recent past. Though this was to happen as it was at a very critical level below 4000.
Reliance lost more than 60 points after hitting an ATH of 2720.
TRADING RANGE FOR the coming week
Nifty 17700-750 is the support base. I am not sure about the resistance levels as price action in Infosys, Wipro, as well as HDFC Bank may keep driving Nifty as they get ready to receive their answer papers during the next few days.
Bank Nifty Support = 37500-700 appears to be a good support area. Since the ATH was hit today, I will let the index play its game for a couple of days and see where it ends the week before commenting on any resistance levels.
INSIGHTS / OBSERVATIONS
Nifty low for the day was just 1 point below 8-10 low and high for the day was 100 points above 8-10 high and yet Nifty managed to close only 50 points above 8-10 Close.
This seems to be a mathematical play!
The contribution by Nifty top 5 performers fell short by 15 points from the top 5 draggers of the Index. This is the kind of weakness and negativity that was driven by the IT index and that is why the subject line of the post.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
11-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
---
TCS Q2 results based strategies - OutcomeTCS Q2 RESULT BASED STRATEGIES - OUTCOME
The IT heavyweight is scheduled to declare its results today after market hours. This is the reason I thought of doing a post cum video explaining the basis on which I have created the strategy only for the purposes of tracking and till the time of writing this post and creating the video related to it, I have not taken a position. If I do take, I will let you know in the weekend post.
TCS hit a New All-Time High of 3989 and at the time of writing this post, it is around 3950. I already have other FNO positions on so I do not have spare capital to deploy so this approach.
Please watch the video to know how the strategies performed and what I ended up doing when the scrip fell down by 6%+.
I have chosen to track the following strategies:
Bull Call Spread:
In creating the spread, I have bought 3960 CE and shorted 4000 CE. The details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video.
In the worst case, there is a loss of 4K and in the best case, a gain of 6K. In my view, this is a good risk-reward considering the fact that there could be wild movements in a scrip post its results and TCS has moved 2-3% in the past around such events.
Outcome:
At 1100hours =
Spread Value When Created = 14
At 1100h = 03
Being a Bull CE spread, the value should have gone up for us to make money
Gain / Loss = -11*300 = -3300
Capital deployed Incl MTM Loss provision = 80,000
ROI = -4%
ATM Short Straddle:
In this, I have shorted 3960 CE as well as PE. the details of the cost, pay-off, and the associated risk as well as the capital needed have been explained in the short and crisp video.
The margin requirement is quite high so even if I create a strategy by EOD, I would not go for this. The Max gain is around 65K and obviously, the loss in unlimited as Options are being shorted. Though one can always keep an SL or exit when the spot reaches a pre-decided level.
Generally, short strategies are useful when the implied volatility is high prior to the event and the position gains as the VIX cools off after the event.
At 1100hours =
Straddle Value When Created = 225
At 1100h = 293
Being a Short Straddle, the value should have gone DOWN for us to make money.
Gain / Loss = -68*300 = -20400
Capital deployed Incl MTM Loss provision = 350,000
ROI = -5.83%
I will post an outcome video as well on 11-10-21 so stay tuned!
Till then,
Keep learning & making money but at all times, please assign topmost priority to your capital and do all that is needed to stay in the game with it!
Best wishes.
Umesh
8-10-21 & 11-10-21
And at last, Nifty ends the day above 17800!NIFTY 50 EOD ANALYSIS -05-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17661.35
H 17833.45
L 17640.90
C 17822.30
EOD +131.05 points / +0.74%
CHART BASED CONCLUSIONS using 5 Minutes Chart
And finally, Nifty ended the day above 17800, registered a new ATH as well as a new ATH close.
Nifty opened mildly gap-down and went into consolidation until FTSE opened and when it was trading in the green, Nifty started seeing traction and the resistance around 17715 was broken with a big candle on a 5-minute chart.
And then there was no stopping Nifty as it scaled newer heights with ease.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 72
Top 5 Draggers contributed = 17
POSITIVES
Nifty made a new ATH and also closed at a new ATH.
Reliance ended above 2600 which is another ATH for the scrip and one of the main drivers for the rally in Nifty.
Bank Nifty was showing signs of weakness in the AM session but the PM session saw Bank Nifty recovering in a smart manner.
India VIX fell again indicating a lower probability of a big and wild swing.
Hdfc twins ended in the green though they moved in a narrow range.
NEGATIVES
Icici Bank and Kotak Bank were responsible for not letting Bank Nifty freely.
Bank Nifty underperformed to Nifty due to the above.
Infosys could not close above 1700 and as long as it trades below the level, it has the tendency to drift towards 1660 which is likely to put pressure on Nifty.
TRADING RANGE FOR 6-10-21
Nifty 17600-650 is now the new support line and resistances would be at 17850-900-950.
Bank Nifty Support = 37200-400 Resistance 37800-38000-38200.
INSIGHTS / OBSERVATIONS
Why do we feel happy whenever an index or a scrip hits a new ATH and or ends at a new ATH?
It is the positivity factor - it releases a great deal of positivity which is required by traders/investors who have put in their hard-earned money in the markets either to make a living out of it and or to create wealth.
Bank Nifty was not in its elements - this is the key for any further upside in Nifty. If it plays the catch-up game, Nifty may be able to hit 18000 during this week itself. Such is the power of Bank Nifty!
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
5-10-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
---
La Opala Up by 5.5%.. about to reach all time high..!it has shown a good break out of 5.5% ... & is about to reach all time high territory.
then we may just need to follow the earnings (next due on 17th Nov)
So far, It's 35% return... expecting a still good upside from here!
Keep compounding.
Disclosure: Invested.
FINOLEX INDUSTRIES (Positional Study)~ Swing High Breakout - ✓
~ Price Close at ATH - ✓
~ Positive Spread Performance in all Time Frames - ✓
~ Spread Chart Breakout - ✓
~ RS+ & Increasing Relative Strength - ✓
~ Huge Qty (61.71 lac shares) Delivered on 17th Sept. with Avg. VWAP of 189/-
~ Good Volume Activity during Breakout - ✓
Good Stock to Study & Keep Eye on.