Market analysis in advance of the budget
Hello every one, here is the market study. How is the market performing in terms of pre-budget volatility?
India VIX is rising, NSE:INFY NSE:HCLTECH IT stock results will be available today and in the following days,
As well as a market overview of the current market structure.
Watch till the end
Best good luck...
Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the...
#banknifty #budget2022 special analysis:-
People were eagerly waiting for this budget day analysis and here you go:-
1. There is no weakness in the BN on the chart, price is above (5/10/20/200 DMA placed at 37,660/37,819/37,837/36,133)
2. There is a correction ( time correction) that is happening for the last few weeks, before the next upmove.
3. Friday high &...
NSE:RELIANCE Has took support at 7 months old trendline, It can boost from hare for its previous high of 2560 as marked in the chart with red dotted line. You can add this to your portfolio for Swing trade For period of almost 2-3 months. If Budget 2022 will give positive view it can complete the target within a month or two Risk Reward ratio is also impressive....
NSE:INFY was making higher high from past 6 Months and taking support around 1650. Now after a continuous sharp fall from 1950 from last 2 weeks now It has touched 1650 and again took a support and given a Quick Reversal now from here at 1700 we can go long with at least 50% Qty and rest can be added on retest and target can be should be 1950 and a resistance...
Nifty seems to just do breakout and retest from the downtrend since the previous 18600 top. We did a 78.2% retracement of the recent rally(trend channel).
Risk-Reward is in favor of longs here! However, the we need a close above 17600 for confirmation.
Ceat tyres can be a good play for budget since it is forming double bottom at this level we can initiate a buy at this level with a stoploss of 1050 on closing basis with a target of 1150 / 1200 /1400
Date - 21-01-2022 Price - 315.05
KNR Construction is near the support zone and as govt. is likely to focus on the infra sector, this stock can be huge beneficial. KNR Construction main business is building roads and highways which going to be the main focus of govt. in the upcoming budget.
Stock can be good buy for budget play.
Market may move reverse towards downside, in order to remove pre-budget rally event (in retail people mind) in next two week by big boys. SO that big boys can re-enter at lower levels in last week of Jan Month.
Sl compulsory
Duration: 5 days
TCS
3135
On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart
Alternatively,
One may consider selling February expiry 3250 Call option in the range of 60-80
Lot size 300
Max profit potential in strategy Rs 18000 - Rs 24000/- per lot
In built loss protection for a rise in price up to 3310-3330 on...
Market will react according to the Budget but if you want some Technical Levels to trade with... here it is.
Its can be very volatile, trade with less qty, safe traders can avoid.
#BankNifty Live analysis @10.15 AM 1st Feb #budget
30206 is the pivotal point, above is positive & below is negative, any directional move u can get min 1000 point move.
VIX is high, don't trade option until VIX crases, impacting premium of both calls & puts.
32k on the upside & 29k on the downside, very much possible based on-budget outcome.
Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being.
Markets are extremely...
Nifty
CMP 13855
Howz the Budget gonna be...???
Whether it would be good or bad...
The answer is I don't know...
Looking at charts
Important levels on the lower side 13660 levels / 13220 levels
Important levels on the upside 14120-14220 zone / 14357 levels
Based on the above levels
Strategy I'm following...
Selling 14300 Call Option around 69
Selling 13200...
again and again I am posting bpcl chart
sure guys something cooking in it.
dont miss this great opportunity.
super postive & promising chart for short term
note : this is not buy recommendation guys.
but I told u something cooking in it🙏🙏
do your analysis and consider a buy.
#budget ride expecting
#short term
#1 month
