FTSE — Trading Ideas on TradingView

A clear view of ADX General Index ADX:FADGI ADX completed it's wave 3 and it's in wave 4. wave 4 is unfolding in double three complex correction pattern. It's in near final phase of wave y. Can't say that it will reverse from the target point because it can again start unfolding in triple three complex correction pattern( Wave WXYXZ ). Chances are stock can rebound from 9167 level and will go to test near 9400 level temporarily. I am bearish on ADX General Index. My Targets: - 1) My target for wave Y is 8900. 2) Reverse retracement 2.618 of wave Ⓐ of wave 🄦 is also near 8900.

ADX Major Index in Complex Correction ADX:FADGI ADX completed it's wave 3 and it's in wave 4. wave 4 is unfolding in double three complex correction pattern. It's in near final phase of wave y. Can't say that it will reverse from the target point because it can again start unfolding in triple three complex correction pattern( Wave WXYXZ ). Target 1) My target for wave Y is 8900 . 2) Reverse retracement of wave Ⓐ of wave 🄦 is also near 8900.

Imbalance in Indices may lead to further sell off NIFTY 50 EOD ANALYSIS 24-11-21 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 17550.05 H 17600.60 L 17354.00 C 17415.05 EOD -88.25 points /-0.50% SGX Nifty 24-11-21 @ 1905h = -53 points FII DII = -1313 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened gap up and as expected immediately sold off to retest the close of 23-11. It then took support and went up and hit a resistance around 17572. It then fell back towards 17500 and then retested 17585-17600 area 3 times and failed to clear the line and as soon as FTSE opened, it tanked 225+ points in a relentless fall. It even broke 17400 to make another low below it. On a closing basis, it has managed to make a higher and a higher low. In a trending market, such insights are good but in the present market condition, it is not at all a reliable insight or an indicator of bullishness. Bank Nifty outperformed Nifty today. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 46 Top 5 Draggers contributed = 80 Net = -34 POSITIVES Nifty managed to retest 17600 and closed above 17400. Bank Nifty closed above 37400. Bank Nifty low was above 37200 which is a good sign. ICICI Bank and Kotak Bank have done well today and helped the Nifty as well as Bank Nifty to steady. NEGATIVES When Infosys, Reliance, and HDFC are the top 3 losers, it is hard to have a positive close and their negative influence spreads to other scrips as well. Nifty was more volatile than Bank Nifty today. India Vix declined significantly, but it is not recording the intense selling pressure that was witnessed in Nifty. TRADING RANGE FOR 25-26 November 2021 So Nifty support for the week unless broken on the downside appears to be around 17175-200. It seems 17600 is likely to be a big hurdle to clear for now. Bank Nifty supports 36500-37000 and resistances are plenty and more. INSIGHTS / OBSERVATIONS Nifty ended the day down 88 points and of these, 80 points came from the top 5 draggers. Nifty ended -88 and Bank Nifty +170. Based on my reading, Bank Nifty should have been around -250 to -270. However, Bank Nifty ended +170 so a gap of 440! Not sure who will catch up with whom on the weekly expiry day!! Here are the links to 2 of my tweets related to how markets were today: Since FIIs have sold heavily, markets could sell off at the open again. And then it would await directions from FTSE and in the last hour or so, weekly expiry theatrics will be on display. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 24-11--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. ---

Energy Crisis takes the Force out of Nifty - slips below 17600 NIFTY 50 EOD ANALYSIS -06-10-21 Apology:-- Yesterday’s post had incorrectly mentioned that Nifty hits a new ATH and closed at a new ATH. This had occurred due to some issues with the device and the doc file got corrupted. I am thankful to those who pointed out the error and still liked the contents. 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 17861.50 H 17884.60 L 17613.15 C 17646.00 EOD -176.3 points / -0.97% SGX Nifty @ 1850h 17655 / +25 points CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap-up and hit the day’s high around the resistance below 17900 and then broke the P Close. It bounced back from there and retested the high area and then soon after FTSE opened in the strong negative, the sell-off began. There was some recovery from the support line of 17710-15 which was sold in to twice and then Nifty drifted towards 17600. The ended at 17646 which was almost 1% down from the P Close. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 26 Top 5 Draggers contributed = 74 Net = -48 POSITIVES Hdfc twins ended in the green and saved the Indices from sliding further and stopped them from creating more panic. NEGATIVES It is very easy - except for the positive, it is all negative. VIX shot up 5%+. FII-DIIs are net sellers for 1800 Crores. TRADING RANGE FOR 6-10-21 Nifty 17600-650 was put to litmus test and tomorrow being weekly expiry, I am placing another lower-level support at 17550. Resistance regrettably are at every nook and corner of the charts. Bank Nifty Support = 37200-400 was well respected but in view of the weekly expiry, a lower level support of 37000-37200 is also added. Resistance 37800-38000-38200. INSIGHTS / OBSERVATIONS I now need to learn how to read and trade FTSE as Nifty is doing only that. After 1230h for now and from Oct end, from 1330h, Nifty would follow FTSE only. I am wondering if we should list the FTSE-IN index on NSE for AM trading! I know global cues and crisis have some impact on our markets, but what I am unable to gather is in what way would it impact our market to an extent that scrips start falling like a pack of cards! Look at how Reliance and ICICI Bank have fallen from their day high levels! What do you feel about this? Thank you, and Happy Money Making! Umesh 6-10-21 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 heavyweights drag NIFTY in to a Red Close NIFTY 50 EOD ANALYSIS -22-09-21 IN SUMMARY O / H / L / C 17580.9 / 17610.45 / 17524 / 17546.65 H-L = 86 points VIX 16.49 / -0.18% FII DII: Not available till 1845h. May be flat to negative. SGX NIFTY at 1830h - 17587 +33points Likely open: Flat to mild positive. CHART BASED CONCLUSIONS - 15 M Chart A mild gap-up open was immediately sold in to and then around 17530, buying stated and then the index was on a choppy ride for rest of the day. It was a very narrow range day - 86 points only. Late sell-off in BANK NIFTY dragged the index below P Close and ended the day just below 17550. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 20 TECH MAHINDRA 10 TATA MOTORS 08 JSW STEEL 07 HINDALCO 05 TOTAL 50 The Draggers HDFC BANK 24 HDFC 22 ICICI BANK 18 NESTLE 08 KOTAK BANK 08 TOTAL 80 Lifter - Draggers = -30 POSITIVES RELIANCE and MARUTI also helped NIFTY. Despite NIFTY being choppy, RELIANCE was level-headed and that saved the day for NIFTY. 17500 levels were held on for the day despite severe selling in the banks. NIFTY made a higher high and a higher low. NEGATIVES BANK NIFTY easily gave up 37000 on a closing basis. Private banks were under severe pressure. HDFC is under serious selling pressure as every rise is sold in to. TRADING RANGE FOR 23-09-21 17300-17350 is now restored as the support line. Resistances at 17600-30-700. BANK NIFTY supports lines were breached so now the support line is redrawn as 36200-500. Resistances at 37000-200-500. INSIGHTS / OBSERVATIONS HDFC BANK seems to have become the punching bag today as well. I now feel that the scrip would go up only late on Friday or next week. Tomorrow is the last day for Option Buyers to exit trades in Stock Options without attracting additional margins. This is what I have been observing for some time now - I myself being one such trader. NIFTY 17500 CE is now priced in line with the underlying. Usually, this should happen closer to the EOD on the weekly expiry day. The range for NIFTY was quite narrow and if someone was able to make even modest gains in CE / PE long, the person is quite good at picking the levels. BANK NIFTY and HDFC BANK charts look more or less similar on 5 minutes chart. I was trading both so I know. It was interesting to see how a scrip can move the index on its own weight. After 1515h, I could see that there was some adjustment in the Option prices of 37100 CE as even though BANK NIFTY went down and then recovered, the corresponding premium appreciated instead of going down. Most interestingly, even though the European markets are good green, our markets ended in the red. So will the indices play a catch-up game tomorrow? What do you feel about this? Thank you, and Happy Money Making! Umesh 22-09-21 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. ---

07:09

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. ---

BKG (BERKELEY GROUP HOLDINGS) go long for target 3955 BKG (BERKELEY GROUP HOLDINGS) has recently bounced from 50 EMA twice and is now looking set to reach a target 1 of 3955. Target 2 is 4240. Stoploss levels are 3750 and 3670. Exit the half the stock if it falls below 3750. Exit full if it falls below 3670.

HANG SENG magic levels all levels are mentioned on the charts , take a wise decision of nifty on that basis .