TRADING WATCHLIST FOR W/B 02-08-21
INTENT
This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities.
I will only be sharing the time frame and the script name. I will...
A follower asked me what is the basic difference between the two and whether people with a smaller capital base should invest than trade. So I thought of sharing my thoughts on the subject which may vary from what the reader has in mind. It is a matter of perspective and beliefs and views are more likely to be diverse than alike.
I propose to share my thoughts...
NIFTY 50 EOD ANALYSIS -29-07-21
IN SUMMARY
Open / High / Low / Close
15762.7 / 15817.35 / 15737.8 / 15778.45
Trading Range Low to High: 80 points
Likely Max Realistic Opportunity @ 50%: 40 points
India VIX: 12.95 / -5.41%
FII DII activities: +1190 Crores
CHART BASED CONCLUSIONS
Nifty was made to end the expiry below 15800. A psycho victory for the bears...
NIFTY 50 EOD ANALYSIS -28-07-21
IN SUMMARY
Open / High / Low / Close
15761.55 / 15767.5 / 15513.45 / 15709.4
Trading Range Low to High: 180 points
Likely Max Realistic Opportunity @ 50%: 90 points
India VIX: 13.69 / +3.48%
FII DII activities: -1353 Crores
CHART BASED CONCLUSIONS
A mild gap-up opening was expectedly sold in to as Nifty fell more than 80...
The stock is trading in a narrow range and it may give a trending move once break the triangle pattern. We already saw a false breakout so wait for the confirmation to take entry.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Pranshu
InvestPro India Team
NIFTY 50 EOD ANALYSIS -27-07-21
IN SUMMARY
Open / High / Low / Close
15860.5 / 15881.35 / 15701 / 15746.45
Trading Range Low to High: 180 points
Likely Max Realistic Opportunity @ 50%: 90 points
India VIX: 13.23 / +6.27%
FII DII activities: -731 Crores
CHART BASED CONCLUSIONS
Nifty ended the day as if today was 19-7-21, just around the same level....
NIFTY 50 EOD ANALYSIS -26-07-21
IN SUMMARY
Open / High / Low / Close
15849.3 / 15893.35 / 15797 / 15824.45
Trading Range Low to High: 96 points
Likely Max Realistic Opportunity @ 50%: 48 points
India VIX: 12.45 / +5.87%
FII DII activities: -825 Crores
CHART BASED CONCLUSIONS
Nifty ended the day as if today was 22-7-21, just around the same level. 23-7 seems...
HDFC reached its ATH in Feb 21 at 1640.
Since then it has shed nearly 12% and is trading at 1440.
At the current levels it is forming a H&S pattern.
The Squeeze momentum indicator, MACD, RSI , Stochastics all are signaling a continued drop in prices. My immediate target is 1350.
Where do you think the stock market is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
