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19th July' 2022 (Evening) -- Market Analysis19th July' 2022 (Evening) -- | Written at 11.00 PM | The markets opened gap down today to weak global cues. After opening though there was nothing to look back at. After an initial hurdle at 16325, the markets breached this level and closed strong with #Nifty at 16340 and #BankNifty at 35720. While i was expecting #Nifty may take down 16325, I actually expected #BankNifty to face a stiffer resistance at 35500. However, #BankNifty actually did face resistance at 35500, but then eventually took down 35500 level. Let us look at the levels now, before we get on to discuss : With 16325 down for #Nifty, we may now be looking at 16500 as the next level. This one could be strong. On the other hand #BankNifty is now looking at 36000. Now this may come tomorrow itself, if the US markets continue to trade the way they are at the moment. #DowJones is trading 570 point in green as I am writing these notes and #Nasdaq is trading 280 points in green. This may lead to a gap up opening tomorrow and #Nifty may open in 16400-16450 level, #Bank Nifty on the other hand may also open near 36000 levels. So the game begins from here, We need to watch the levels of 16250 and 16500 on #Nifty and 35400 and 36100 for #BankNifty. A breach of these levels on either side may decide the next course in short term. Surprising part is that Dollar has been particularly strong and INR is weakening against it.. However, the #FII selling has now weakened, probably a selling fatigue. So they are now playing to our levels. Whether, 16500 is the level for now, we will come to know soon. As of now, a bit of bullishness is seen in the #FII positions on the FnO side. There was some longs created in Index futures, coupled with cash buying and also put selling. I feel this has been more tuning with our levels, rather than a change of stance from their side. A sentiment change is also driven from the rally in US markets. Options OI indicate a support at 16200 and 35500 for #Nifty and #Bank Nifty respectively. However, we have now reached closer to 16600 on #Nifty and 36000 on #BAnk Nifty. A huge number of call writers are sitting at these levels. So lets see how this tug off war between bulls and bears plays out. #DollarIndex is now a bit eased at 106.485, however, i see support coming in at 103.4 for this and I would continue to be bullish on #DXY till then. This could give some more space to our rally. #CrudeOil has inched up slightly, don't think this would affect us as of now. #US10Y Yields are above 3 and stay put there. The Euro #Inflation (#CPI) was high today, though was on expected lines. So no surprises as such on this front. The US building permit data is still bullish, indicating strong economic activity in this segment. Keep enjoying the good times till they last..........
NSE:NIFTY
by Equity_Compound_2
HDFCWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
HLong
by Rvkachhadiya
3
HDFC Bank :- Found Rarest and One of the most powerful candle NSE: HDFCBANK Time Frame :- 1 Day Patterns Name :- Parallel Channel Conclusion :- A Big Red Marubozu candle taking up resistance at the top of a parallel channel which most probably shows up a down trend as the "Relative Srength Index (RSI)" We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING
NSE:HDFCBANKShort
by MAYANKTECHRESEARCHING
2
ViVen IND - Multi Time Frame Price Action Trading IndicatorHi Traders, Trading is Simple, Make it Useful!! Here the trading made easy with Signals... Its a Combined Pivot Boss Price Action Strategy Indicator. This indicator has been created based on Pivot Boss, RSI and Price Action Strategy. BUY Signal - Go Long at middle price of the Signal Candle, SL low of the candle. SELL Signal - Go Short at middle price of the Signal Candle, SL high of the candle. ViVen - IND Indicator Details: Daily CPR Levels Pivot Points Weekly CPR Levels Next Day CPR Levels Camarilla Levels Pre - Day, Week, Month - High / Low Levels SMA , EMA and WMA Moving Averages Bollinger Bands with Multi Time Frame Moving Average with Multi Time Frame Magic Band Price Action Along with this Trend and Strategy table added in the chart which indicates about the Trend. I also included BUY / SELL labels to take positions. Do you agree with the Concepts above? Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
Hdfc Bank entry levelOnce it closes above 1410-1430 on weekly/monthly chart best time to enter, as currently facing resistance of Ema20 on monthly, ema20,50,100 on weekly and ema20,50,100,200 on daily, once closes above mention level seeing target of 2500-2600 in an year after closing above 1430 9n monthly basis. can take entry now as well but with tight stoploss as it is at bottom of price channel , if breaks down then can go uptocovid level, so need to be very attentive if accumulating on current level. Currently one can see it has resolved rsi divergence created from nov2019_feb2021, and as of now there is no other reason for it to go down now.
NSE:HDFCBANKLong
by praveshk2