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Chamanlal Setia Exports Ltd (CLSEL)Chamanlal Setia Exports Ltd (CLSEL) Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great. Stock is in the uptrend. Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a sign of bounce back. Target 1: 135 Target 2: 140 SL for a low-risk trader:- Just below the hammer candle i.e 124 SL for a risky trader:- Below the trend line i.e near 119 Disclaimer:- This is not any buy or sell recommendation, it is just for educational purpose. Take any call for buy or sell call only after consulting with your financial expert. Let's learn together and keep growing.
NSE:CLSELLong
by TradingWithVerma
5
Data Driven Analysis of Indices for the week & year ending 31-12DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 31-12-21 This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured in a document form. I hope that this effort would help the readers and viewers to get a crisp idea about what happened in the markets over a period of one week. Important - Nifty as well as Bank Nifty have ended the week on a positive note, however, this positivity comes with increased number of Covid cases in India and also overseas. I am in no way making an attempt to create panic, but I will still be cautious as the markets have sold-off in a big way for no obvious reason - for example on 20-12-21 when Nifty hit a low of 16410. In my view, a weekly close above 17625-50 is when things may seem to be stable. BANK NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 36364 EOD on 24-12-21 = 34857 up by -1507 points or -4.14% from 1-12-21 The highest level in the week ending 31-12-21 = 35597 on 31-12-21 The lowest level in the week ending 31-12-21 = 34233 on 27-12-21 Difference Highest - Lowest = 1364 points or 3.98% from the lowest level In the last week, Bank Nifty has made an upward move of 625 points or 1.79% which is refreshingly a good sign. Insight: Bank Nifty as on EOD 31-12-2020 - 31264 Bank Nifty as on EOD 31-12-2021 - 35481 Change - 4218 % 13.49 NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 17166 EOD on 31-12-21 = 17354 up by 188 points or 1.09% from 1-12-21 The highest level in the week ending 31-12-21 = 17400.80 on 31-12-21 The lowest level in the week ending 31-12-21 = 16833.20 on 27-12-21 Difference Highest - Lowest = 567 points or 3.37% from the lowest level In the last one week Nifty has made an up move of 350 points or 2.06% which indicates a good positive change in the short term trend. Insight: Nifty as on EOD 31-12-2020 - 13982 Nifty as on EOD 31-12-2021 - 17354 Change -3372 % 24.12 FII - DII DATA: DEC 2021 FIIs = -35,409 Crores DIIs = +30.675 Crores Net is = -4,734 Crores As mentioned last week, there was a slow down already in FII selling and it continued during the last week which brought about some relief to the downward biased market moves. Conclusion: On an annual basis, Nifty has clearly outperformed Bank Nifty which has been able to perform just above half the % gain than that of Nifty. This is indicating a very depressive picture of what happened in 2021. At the same time, I view this as an opportunity for Bank Nifty to outperform and become the recovery engine for the overall market. FIIs have turned net buyers for 2 days in the week and only once in the week their selling was more than 1,000 crores. We have to see how the next week goes. If FIIs keep buying even in the next week, then the market mood would change for the better with some sort of certainty. Insight: India Vix as on 31-12-20 21.09 India Vix as on 31-12-21 16.22 Change 04.87 % 23.09 The above is a significant drop over a period of one year and explains the logic behind the rise in the Indices. Only Nifty has a corresponding increase to the drop in India Vix as Bank Nifty has remained under pressure for most part of the year. Since this week’s analysis is also yearly analysis, I will share a separate post and a video that takes care of the Leaders & Laggards of Nifty as well as Bank Nifty. And that is why I have not compiled separate conclusions for the two indices. On a broader scale for the next few days, it is important for Nifty to end a week above 17650 and for Bank Nifty it is important to close a week above 36800-37000. This is when the indices are likely to shift to the next higher gear. Here is the video link: Please feel free to comment/share your feedback as, like you, I am also a learner of the markets! And therefore, I have the right to be wrong on either side as no one can predict the moves. Happy Trading/Investing! Umesh 31-12-21
NSE:NIFTY
by AVENUESOFINVESTMENT
Swing Trading Opportunities for the week beginning 20-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 20-12-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend. Important - Nifty is below 17000 and this analysis is purely based on what is seen on the charts as low risk entries. It is possible that you may come across several other opportunities but as the markets fall, my universe of analysis gets restricted to my holdings and Nifty as well as Bank Nifty. This week’s analysis has been performed accordingly. It is easy to get attracted by several opportunities but funds are limited but underlying risks are not. I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Considering the Monthly Charts, the following sectors look good: Auto Bank Nifty CPSE Media PSE Considering the Weekly Charts, the following sectors look good: Auto Bank Nifty CPSE FMCG IT Media MidCap100 PSU Bank Realty If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates. WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 16985 Adani Ports Grasim HDFC HDFC Life ITC Maruti Reliance Tata Consumer NAM India Accelya Bayer Crop Kotak Bank ETF KSCL Nazara Sun TV Trent I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 19-12--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:TRENT
by AVENUESOFINVESTMENT