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90 minutes of FTSE backed sell-off spoils the recovery actNIFTY 50 EOD ANALYSIS 27-10-21 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. The Insights & Observations section carries links to my tweets that were posted during the day related to what I could gather from the markets. O 18295.85 H 18342.05 L 18167.90 C 18210.95 EOD - -57.45 points / -0.31% India VIX = 16.83 / +0.47% SGX Nifty 26-10-21 1845h = +9 points FII DII = -1441 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty made a higher high and a higher low. Thanks to the weighted average method, Nifty managed to close above 18200. Nifty is highly vulnerable above 18300-325 band and that is triggering intense selling pressure usually after 1400h. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 36 Top 5 Draggers contributed = 83 Net = -47 POSITIVES Nifty could stretch the day high to 18342. Infosys has managed to bounce back and it is only on account of it that Nifty could hold on to the intense selling pressure. SBIN has been weathering the selling pressure well as it gets ready to receive its Q2 results next week. NEGATIVES Axis Bank fell 6%+ and that is what triggered others as well to become nervous. Reliance was looking good but came under intense pressure in the last hour or so. TCS remains subdued despite Infosys taking the lead in bouncing back. Bank Nifty ended well below 41000. TRADING RANGE FOR 28 October 2021 Nifty 17900-950 area is the support base and 18250-300-350-400 would remain as the resistance for now. I am unable to state any levels for Bank Nifty as it finds its ground in the territory above 41000. It is better to wait for the week to end before any level-based conclusions are drawn. INSIGHTS / OBSERVATIONS The insights now come in the form of tweets however Tradingview has not yet permitted me to post links to tweets or videos so I request you to visit my Twitter page or best follow me on Twitter to get updates as and when posted. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 27-10-21 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. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Bajaj Finance - Target 8000Stock is taking support near the 7325 level which is closer to the medium term DEMA of 50 days. Today (26 Oct) it opened at 7,695 which is close to yesterday's closing at 7,646. This 7,650 is a near term support level. Price is again attempting to give breakout above the near term DEMAs (10 and 20 days). The volume looks good and RSI bounced back from 50 level on the higher side. I think its again a good level to add Bajaj Finance if someone is already holding it. In near term the stock price may again test the 8000 level. I also think due to the festive season this quarter is going to good for Bajaj Finance which largely operates in the FMEG category.
NSE:BAJFINANCELong
by Mayur_Undale
Simple Trade Setup | BAJFINANCE | 22-10-2021 [INTRADAY]NSE:BAJFINANCE All the levels and trade setup remains same. Trade Setup for Date 22-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
Simple Trade Setup | BAJFINANCE | 19-10-2021NSE:BAJFINANCE Observations: 1) On 1 day time frame, we can see that after opening gap up since last two days it is facing profit booking. But good thing is that it took support from 10DMA and closed above 7850 level. Which is partially good sign for BAJFINANCE. If we see in recent days, it spend very less days below 10DMA. Hence breakdown of 10DMA on daily time frame it will give bearish move for short time. And if it sustain then we can see bullish move continue. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see it is trading in parallel uptrend channel. It is near the support trendline of parallel channel. If it gets good support from it then it will be bullish till the resistance trendline of parallel channel. If it breaks down support trendline of parallel channel then it will be bearish. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date 19-10-2021: Most of the levels will remains the same as per previous setup. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
1
Bajaj Finance, Risky trade, enter above 8000There has been a significant uptick in retail loans sanctioned by the over all finance industry. Also with the economy recovering from the sluggishness, will improve the NPA and give additional income in the form of interests to the finance companies. Bajaj Finance which is ascending slowly, is struggling to give a close above 8000 level. As soon as it gives a close above 8000/- the stock will easily move uptill 8500/-, which is a parallel resistance level. Finance services along with banks will support the market, after the metal rally. One can also consider it holding it for extended period of time, if it gives bonus or split itself. Then it will be ready to touch 10k levels very soon. (Speculative) CMP - 7865/- Enter if closing above 8000/- SL - 7880/-
NSE:BAJFINANCELong
by ashu1111111111
BAJFINANCE NICE IH&S PATTERN FORMATION NSE:BAJFINANCE Aggressive entry around 5580-5630 Breakout entry of above 5800 Daily Closing Basis Stop Loss at below 5230 on daily closing basis Short-term target 6123, 6385, 6648++ Nice formation of IH&S Pattern Looks Promising as correction came with low volume One of the Strong Candidate among sector Disclaimer - This is our personal view and this analysis is only for educational purposes. Please consult your advisor before investing or trading. You are solely responsible for any decisions you take on basis of our research.
NSE:BAJFINANCELong
by Trade_Secrets_By_Pratik
Levels for - 11 Oct 2021EXPLANATION : This is a 30 min time frame chart of BAJFINANCE . It has been in a consolidate for days and has formed an Ascending Triangle Pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on BAJFINANCE . If give a strong breakdown and broke its trendline support & demand zone with high volumes and retest the same , I am bearish on BAJAJFIANNCE . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:BAJFINANCE
by pranav_nanavare
Levels for - 04 Oct 2021EXPLANATION : This is a 15 min time frame chart of BAJFINANACE , It has formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. Both side levels marked in chart. If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:BAJFINANCE
by pranav_nanavare
Simple Trade Setup | BAJFINANCE | 01-10-2021 [INTRADAY]NSE:BAJFINANCE Observations: 1) If you rememer it had made head and shoulder pattern and gave breakdown of neckline from it on 30min time frame. Now today it has closed above the neckline and now this neckline will works as support. Please refer below chart : 30 min Time Frame. ------------------------------------- Trade Setup for Date 01-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
1
Simple Trade Setup | BAJFINANCE | 27-09-2021 [INTRADAY]NSE:BAJFINANCE Observations: 1) On 30 min time frame, we can see that it will form head and shoulder pattern. And breakdown of neckline will give good selling opportunity. Please refer below chart : 30min time frame. ------------------------------------- Trade Setup for Date 27-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
FTSE Lifts Indian Indices as they bounce back in stylefailed NIFTY 50 EOD ANALYSIS -21-09-21 IN SUMMARY O / H / L / C 17450.5 / 17578.35 / 17326.1 / 17562 H-L = 252 points VIX 16.52 / -5.55% FII DII: Not available till 1950h Is more likely to be moderately positive. SGX NIFTY at 1940h - 17536 -25points Likely open: Flat to mild positive. CHART BASED CONCLUSIONS - 15 Minutes Chart A gap-up opening failed to hold 17450 levels and then sold off and made a lower low as NIFTY drifted towards 17300-325. The situation would have been worse off had Europe not opened green and may be 17200-250 would have been tested. However, soon after it became clear that Europe was trading in the comfortable green, NIFTY made a one-directional rally to end above 17550. However, it is likely to face resistance around yesterday’s high of 17625+ this is evident on the daily charts. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINANCE 37 INFOSYS 19 BAJAJ FINSERV 15 JSW STEEL 14 ITC 11 TOTAL 96 The Draggers HDFC BANK 05 MARUTI 03 NESTLE 02 BAJAJ AUTO 02 BPCL 01 TOTAL 13 Lifter - Draggers = +86 POSITIVES NIFTY closed above 17550 and 17300 was respected. BANK NIFTY erased all the losses and ended in the green which helped NIFTY in a big way. ITC, INFOSYS-TCS, HDFC, and TATA MOTORS rose more than 1%. RELIANCE closed above 2400. KOTAK BANK was able to hold 2000 levels on closing basis. NEGATIVES The single most weak link is HDFC BANK. It experienced severe VIX today and has the potential to be the game-breaker or maker in the coming week. Except for KOTAK BANK, all heavyweights in banking were badly hammered. BANK NIFTY made a low of 36525 a fall of 1500+ points of ATH attained a couple of days ago. TRADING RANGE FOR 22-09-21 17300-17350 was the support line and NIFTY almost threatened the same. So I now revise the line to 17250-300. Resistances at 17600-30-700. BANK NIFTY supports lines were breached so now the support line is redrawn as 36200-500. Resistances at 37500-700. INSIGHTS / OBSERVATIONS HDFC BANK seems to have become the punching bag as it was extremely volatile through the day and moved 32 points in the day and it must have gone up and down and back and forth several times. Every time it went up and down, the fortunes of the index traders swung with it as it is a heavyweight for both the indices, and if it were not for the other scrips that showed good performance, both the indices would have fared poorly on a closing basis. NIFTY’s move is very much like that of INFOSYS if we look at the 5 minutes chart. INFOSYS is also one of the heavyweights so it has played its part in the rally today. Whereas NIFTY ended +150 points from the P Close, BANK NIFTY failed to register a +100. This is mainly on account of HDFC BANK so BANK NIFTY will be held back as long as HDFC BANK wishes. What do you feel about this? Thank you, and Happy Money Making! Umesh 21-09-21 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. ---
NSE:HDFCBANK
by AVENUESOFINVESTMENT
Simple Trade Setup | BAJFINANCE | 20-09-2021NSE:BAJFINANCE Observations: 1) On Daily Time Frame: It has closing below 10DMA since last 4 days. And as per history, it remains below 10DMA for few days only. There may be case that it will break and will cross over it. Please refer below chart : Daily time frame. Just for reference. Please refer below chart : 15time frame. ------------------------------------- Trade Setup for Date 20-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:BAJFINANCE
by Trading_hawk
1