GLOBAL - Weekly Chart Analysis, CMP-345.80Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Global
MEDANTA (Global Health Ltd.)Global Health Ltd.. Riding the stairs . Heading to base 3
Best Buy : @530 After breakout of the box or @500 if found near the trendline.
Stop loss : 498 or Below Trend line
Targets: 555/580/600/620++++
Note:
''This idea is only for educational purpose,
Please Trade at your own RISK''..
THANKS.
Nifty 50 for todayNifty 50 for today
Nifty 50 looking short down trend from at the level of 19700-750 . At this levels everyone looking for profit bookings until unless break up side 20,000. We have to wait for confirmation.
Today's outlook
If break 19700 then we can seen some downfall of 100-140+ points... Because 19600 after have GAP if market go on that zone then possible...
ZUARI GLOBAL "BUY CALL" POSSIBLE 16% ROIThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis.
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Maverick Trader
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HOW TO INVEST IN US MARKETS | STEP BY STEP GUIDENYSE:V
Trade Logic | UPTREND STOCK BUY ON BREAKOUT . INVEST LONG TERM . US STOCK #1.
Entry 235
Stop 225 -4%
Target 250 +6%
RR 2.2+ 2nd Target Open
Details on chart as always
1 free US Stock Trade Idea Every Weekend.
TOPIC THIS WEEK | HOW TO INVEST IN US MARKET FROM INDIA
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TEST FIRST / THEN INVEST
NIFTY respects global cues, ends below 17400NIFTY 50 EOD ANALYSIS -20-09-21
IN SUMMARY
O / H / L / C
17443.85 / 17622.75 / 17361.85 / 17396.9
H-L = 261 points
VIX 17.49 / +14.84%
FII DII: -1534 Crores
SGX NIFTY at 1940h - 17427 +54 points
Likely open: Flat to mild positive. A lot depends on how the US markets end.
CHART BASED CONCLUSIONS - 15 Minutes Chart
A gap-down straight to the FIB support level and then the index rallied to cross 17600, however, that was short-lived as just before noon, the sell-off commenced and it never looked back.
The relief rally may have been caused by short-covering from last week’s charts and mainly driven by the index heavyweights.
NIFTY by EOD was down almost 400 points from the ATH level and it now seems to be a thing of the past.
The day low was 17361 so the bounce was more of a technical in nature to end just below 17400.
Wait and watch for now.
NIFTY WEIGHT LIFTERS & DRAGGERS
The Weight Lifters
HUL 12
BAJAJ FINSERV 05
ITC 05
NESTLE 02
HCL TECH 02
TOTAL 26
The Draggers
HDFC 28
JSW STEEL 22
TATA STEEL 19
HDFC BANK 19
ICICI BANK 12
TOTAL 100
Lifter - Draggers = -74
POSITIVES
FMCG saved the day and RELIANCE also stood firm although it came down from the day high level but closed above 2380 which is where it is finding huge volatility.
There is hardly any other positive seen today as NIFTY was plagued by the very weak global cues.
NEGATIVES
In a matter of just over 1 session, BANK NIFTY has fallen more than 1000 points from its ATH high of 38112.
This impacted NIFTY in a huge manner and logically, it may have alone contributed 275-300 points fall in NIFTY.
There is no dearth of negatives today so not writing anything here as the list may become far too long.
TRADING RANGE FOR 21-09-21
17300-17350 was the support line and frankly, I did not expect it to be visited so soon. I am not sure what the level on the upside would be as NIFTY may keep taking resistances where the earlier supports were seen and at all-around numbers.
On the downside, 17200-250 may be the last line before the situation becomes ugly.
BANK NIFTY supports now stand at 36600-800-37000 and resistances at earlier supports.
INSIGHTS / OBSERVATIONS
VIS shot up to 17.49 which is way above the recent levels and the selling pressure is causing this spike in VIX.
Despite severe selling pressure, KOTAK BANK held on to 2000 levels for the day. How it plays out tomorrow would decide what is the extent of strength in it.
Whenever there is a huge down move, it takes time for NSE to update FII / DII numbers. I am not sure why does it happen only in respect of down moves? Buy & Sell are just numbers so are they double-checking what is getting reported in a down move?
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
19-09-21
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.
---
DJI - Dow Jones INDEX Gap Filling ?
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally and Indian Markets (Nifty and Sensex) fall will be more serious.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.
DOW JONES THIS WEEKKeep watching Global market...any time we can expect a profit booking..
- On January 20, Joe Biden will officially become president - this is an major event in this month
- Finance Minister Nirmala Sitharaman will present Union Budget on February 1
These are the major upcoming events.....keep an eye on it....
Be fearful when others are greedy....
indian market hitting new and new high significantly.....So be fearful.
How World Trend Performed Before Indian Stock Exchanges opensDo you Ever Wonder How world Trend is Performing Before the Indian Market Opens.
How Major American Stock Exchanges performed ?
How Major Asian Stock Exchanges are performing ?
How is Major European Stock Exchanges are performing?
It will be great if you get to Know all these in one place.
Major American Stock Exchanges
AMERICAN Region Stock Exchanges
INDEX NAME
Dow Jones Industrial Average
S&P 500 Index
Nasdaq Composite
Russell 2000 Index
NYSE ARCA OIL INDEX
S&P/ASX 200
NYSE AMEX COMPOSITE INDEX
S&P/TSX Composite index
IPC MEXICO
S&P/NZX 50 INDEX GROSS
picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the American Markets Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
ASIAN MARKET
SENSEX
Hang Seng Index
Nikkei 225
Kosdaq Composite Index
Taiwan Capitalization Weighted Stock Index
Thailand
Israel
turkey
indoneshia
KOSPI Composite Index
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Asian Markets Trendline.
drive.google.com
MAJOR INDIAN INDICIES
NIFTY
NIFTY BANKnifty
NIFTY AUTO
NIFTY METAL
NIFTY FMCG
NIFTY PHARMA
NIFTY MEDIA
NIFTY INFRA
NIFTY IT
NIFTY ENERGY
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Markets Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Asian Trendline.
X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST.
drive.google.com
EUROPEAN MARKET
DAX PERFORMANCE-INDEX
MDAX
FTSE 100 Index
IBEX 35
CAC 40
FTSE 100
ESTX 50 PR.EUR
swiss market index
MOEX Russia Index
Nifty - Technical - PossibilitiesThree possible reversal levels are Shown in the chart
1st it needs to breakout the descending channel Resistance level
2nd it needs to break Fib 0.5 retracement level + Failure line of head and Shoulder pattern
3rd it needs to breakout the ascending channel resistance
Before moving 10600 levels nifty might retest the ascending channel support...
Global cues and Covid- 19 cases in India and 2nd Wave of Covid-19 also gives strong resistance to the markets...
Like and give u r opinion..
Analysis is for educational purpose..
Nifty 50 breakout but way behind global markets retracementsNifty has shown a clear cut breakout on charts. comparing it with Dow, Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we ( Nifty ) are at the retracement level of 0.38 to 0.40 which means we are way behind global markets. so what does it indicates. it indicates that we are going to align with global markets in june or july so what does it mean, either golbal markets has to come down to our levels or we have to rally upwards to align with them. so take your position accordingly.
Hang Seng near Make or Break levelsHang Seng CMP 26494
Sustaining above the red resistance trend line, HSI can potentially scale up to 28500 levels...
Alternatively wait for a dip towards 26244 levels. Holding that level one can look to enter for a Long trade with Stop Loss at around 25980. That provides a good Risk::Reward ratio.
This is for educational purpose only. Please do your own Analysis before taking any investment / speculative decisions.
Take care & safe trading...!!!
My PredictiveEngine's Intraday call(08-Jun-18)-TATAGLOBAL-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for TATAGLOBAL
Buy Above: 267.8 for targets -
T1: 269.8
T2: 271
T3: 272.3
SL: 265.7
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)