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Budget2021

BHART AIRTEL - Consolidation Zone SpottedBHART AIRTEL after recently taking rejection from 610 levels twice has moved towards a similar consolidation zone as seen In Jun-July series. Good Opportunity to go long till 568 & 582 levels. After 568 could retrace back to 555 and then journey back towards 582 levels. So watch the movement carefully. However, in the Feb series - if breaks 582 levels with good vol, then should again test 610 levels and make new highs as well. Most of it would also depend on the 2021 budget announcements for telcos. But since Bharti is a bullish stock, 582 levels seem to be easily achievable for short-swing trades. If it takes support at 555, then option buying can also be done till 568 & 582. This is my personal analysis based solely on the price action and does not intend any guarantees. Please trade at your own will. Happy Trading. Buy at 555 (if sustains) 1st Tgt - 568, 2nd Tgt - 582, 3rd Tgt - 610 Stoploss - 543 Kind Regards!!
NSE:BHARTIARTL
by Akash55
GBPUSD teases sellers ahead of UK budgetIn addition to a sustained downside break of the one-month-old support line, portrayed last Friday, the weekly falling trend line also suggests a bearish bias for the GBPUSD prices ahead of the key UK annual budget announcement, up for publishing around 12:30 GMT. It should, however, be noted that British Chancellor Rishi Sunak is up for releasing the heavy government help while targeting speedy recovery from the pandemic. Hence, a cautious selling could be eyed unless the quote stays below the previous support line, now resistance, near 1.4095. For an immediate basis, 1.3970 and the 1.4000 threshold can probe the GBPUSD bulls. Alternatively, a downward sloping trend line from February 22 around 1.3840 and a 200-bar SMA level of 1.3800 could lure the cable sellers should Sunak disappoints markets by announcing plans of tax hikes. Though, the bulls are less likely to lose hopes unless witnessing a daily close below February’s low near 1.3560.
Short
by MTradingGlobal
Nifty-Shark Bounce or Sharp Bounce 13600-14700- What Next?Nifty - Was That Shark Bounce or Sharp Bounce 13600-14700-What Next? Amazing session for Indian Stock Markets & Possible Reason for moves which unfolded on 1st Feb2021 • Harmonic Pattern • Heaven’s Message • Indian Budget2021 • Stock Updates Harmonic Pattern Bullish Shark Pattern which was suggested last week with trigger level above 13850 & targets of 14100 / 14400 Last Idea Published – Shark Harmonic Pattern Heaven’s Message From Financial Astrology, Mercury went retrograde (moving backwards) on its orbit which it does 3-4 times in a year & recently went retrograde for the 1st time in this year on 30th Jan2021 & shall remain for 3 weeks until Sunday, 21st Feb2021 when it goes back direct again. Mercury retrograde is also a period when false moves might happen so be careful while trading & do not get emotional. Indian Budget2021 Stock Updates Reliance – false breakdown below 1835 last week & bouncing from new lows of 1830 to 1900+ TataElxsi- Its Elxsi or Expanding suggested last week – moved 2400’s approx. to 3000+ which was amazing What Next? Market Participants should be careful of Double Top’s close to 14700+
NSE:NIFTYShort
by WaveTalks
8
Nifty Downside till 13000-13200 levels.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 oversold on RSI and MACD. Hence buying every dip will be a good option till February end. Long Term Bullishness is still intact. *(No Purchase/Sell Advice. Only for Educational/Data Sharing Purposes)
NSE:NIFTY
by pranjalprasun
Nifty and Banknifty Daily Time frameIn a longer time frame Both indices are still weak and in a negative trend.. As always on the day of Budget expecting a volatile market on Monday. Both indices close to 0.786 retracement .. Do not trade on Monday or plan a spread Buy ATM CE and PE at once and make sure both the Strike prices are really close to each other (5-20 point variation is the max) If the market goes side ways wait for the next day .. 95% chances that you will end up in profits.
NSE:NIFTY
by TaurusTeam
Analysis of BANKNIFTY For 1 Feb. for Intraday as well as swingerEverything provided in graph. Analyze on your own before taking your position. On Monday BANKNIFTY can go up or down. Prices and targets for taking positions are given in graphs. Maintain SL according to you. My reasons for shorting ;- 1.As most of the markets were red including global market so there is a possibility that it will be also red on Monday. 2.By studying previous dates when budget was released BANKNIFTY is felled mostly. 3.There is also a Rumohr that due to Covid budget will not be in favor and market will go red. 4.Todays positive trend of BANKNIFTY can be a retest also. 5.After support 3 or T1 there is no support for short till 2.75% so people will be interested in selling BANKNIFTY more. My reasons for Buying :- 1.Can form head and shoulder pattern. 2.Took support from trend line on daily frame and goes up today but ended red. 3.Budget can be in favor and can go up. My conclusion : According to me BANNIFTY will fall on Monday because there are more chances that people will short their positions. Note : The following information can be true or false . i Just made this for educational purpose and some advice. Please comment to tell or ask anything
NSE:BANKNIFTYShort
by Still_Learning_Akhil
Nifty: Trading the Budget week 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 Put option around 47 Net premium receivables 116 points Loss in strategy if Nifty closes below 13084 or above 14416 on 05 February 2021 Max profit potential in strategy Rs 8700/- per strategy lot if Nifty closes any where between 13200-14300 levels on 05 Feb 2021 Take care & safe trading...!!! Like & Follow Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be - The user expressly acknowledges that the Data may contain some nonconformities, defects, or errors. - Neither Indiamarketoutlook nor the author shall be liable for any claim for any loss, or other damage arising from access to or use of data or information
NSE:NIFTY
by indiamarketoutlook
Nifty 50 View For The Budget Week!During the last few days I have been hearing a lot of noise from various sources that after the budget the market will crash badly and nifty 50 will break the 14000 levels and correct itself until 12000 levels. However, I have a totally opposite view and a perception towards the market post budget. I think that the rally which came from the 7000 levels, its top has not been made yet and I feel that post budget nifty will again test its ATH and move further ahead. My analysis has been briefly explained below:- 1) Budget view- I am expecting a very decent budget. Nothing too extraordinary nor anything to worry about! 2) Now coming to the main analysis, tomorrow (ie. 27-01-2021, Wednesday) if the Tuesday's low is broken out then it is highly probable that Nifty may test 14000 levels within 1-2 days max. 3) 14000 being a very major support level for nifty, and if we see that after testing the 14000 levels nifty starts taking support over there and does not breakdown further, this will be the first bullish sign of the upcoming rally we may witness post budget. Also, we can clearly see on the chart that the 50% correction fibo level for the rally which came from the 13150 levels for nifty 50 comes out to be around 14000. 4) After taking support at 14000 levels till Thursday, nifty may move towards the range of 14360-14500 which is a major confusion zone (marked on chart) for both bulls as well as bears and none of them will create any big positions for the budget on Friday if nifty closes within this range on Friday. This will give us further confirmation for our bullish view. 5) And finally after the budget we can expect a good rally of about 500-700 points in nifty 50 provided all of the above mentioned things happen within this week. 6) I will be creating my positions based on the above analysis. I will create a few bullish positions when nifty starts taking support at 14000 and then later on Friday I may add on to my positions if nifty closes between the confusion zone. P.S. This is just my view and please consult your financial advisor before taking any positions. Also, do share your views in the comments. Thanks Saurabh Sethi
NSE:NIFTYLong
by SaurabhSethi
6