#BANKNIFTY #DEC #simple and Best 👑#we will make only profit.
1st 15min,30min and 1hour RSI on top.
2nd If you know Price action than se its a breakout But Not confirm Now.
3rd Today will be Clear we go up or Down.
4th 30 min MACD almost Enter in a bearish Zone.
5th stop loss jetna aap dene ko Ready ho
6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS
#If you need any help comment or message me.
HDFCBANK
#NIFTY TRADE FOR PROFESSIONAL'S 👑#we will make only profit.
1st 1 hour RSI on top.
2nd If you know Price action than se its a breakout But Not confirm Now.
3rd Today will be Clear we go up or Down.
4th 30 min MACD almost Enter in a bearish Zone.
5th stop loss jetna aap dene ko Ready ho
6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS
#If you need any help comment or message me.
TCS 100% Profit Trade🤑#we will make only profit.
1st Today starting 45 min market Go up than its a strong chance we can achieve 2 Target but if any Bad News came than TCS achieve 1 Target .
2nd If you know Price action than se its a breakout But Not confirm Now.
3rd Today will be Clear we go up or Down.
4th All MACD try to be Enter in a bearish Zone.
5th stop loss jetna aap dene ko Ready ho
6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS
#If you need any help comment or message me.
Strong continuation of upmove, what next?NIFTY 50 EOD ANALYSIS 08-12-21
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 17315.25
H 17484.60
L 17308.95
C 17469.75
EOD +293.05 points / +1.58%
India VIX 17.27/-6.45%
SGX Nifty 08-12-21 @ 1900h = +25 points
FII DII = +1156ICrores
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a strong gap up and sustained the same except for 5 minutes when it breached 17400 briefly.
Even though there was positivity throughout and India Vix is also showing a good downward move, the market was choppy and many SLs may have been hit on either side.
The indices made significant higher lows and higher highs.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 131
Top 5 Draggers contributed = 3
Net = +128
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Top 3 Lifters contributed = 595
Top 3 Draggers contributed = 47
Net = +548
POSITIVES
Nifty closed above 17450 and closer to the day high.
Bank Nifty closed above 37200.
India Vix keeps falling.
The Advance-Decline ratio is quite impressive as 2/3rd scrips have advanced.
FII DII data is +1100 Crores
NEGATIVES
I do think anything worth a mention can fit in here today.
TRADING RANGE FOR 09 Dec 21
Nifty Support = 16900-17000 may well be the new base.
Nifty resistance = 17500-600
Bank Nifty Support = 36500-800
Bank Nifty resistance = 37500-700-37000
INSIGHTS / OBSERVATIONS
Of the total gain of 663 in Bank Nifty on EOD basis, the net contribution of the Top 3 Lifters & Draggers is 548! This explains why Bank Nifty was on a high today.
There are 2 significant things that I feel are important and these are:
Nifty’s low for the day in comparison to that of yesterday is higher by 300+ points.
Bank Nifty Low for the day in comparison to that of yesterday is higher by almost 900 points.
And this becomes even more interesting when we look at the following:
Nifty EOD is up by 300+ points than EOD price of 1-12-21
Bank Nifty is up by 900+ points than EOD price of 1-12-21
Kotak Bank is like a hedging instrument - it prefers to run on its own course as when Bank Nifty was very strong today, Kotak Bank dragged. This has been the character of the scrip.
I do not recollect when was the last time that the indices moved up this way after RBI policy announcements.
Let us see how the expiry turns out tomorrow and whether India Vix continues its downward journey. A weekly close above 17500 on Nifty and 38000 on Bank Nifty would be a good thing to have.
Nifty reached 17422 at 0925h and except for a 5 minute candle which took it to 17390, the rest of the entire day, it moved in a very narrow range of 62 points. However, Bank Nifty had a choppier day compared to Nifty with many ups and downs.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
8-12-21
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.
---
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly)
Chart Pattern - Inverted Head & Shoulders
Target - 1610 (Depth of the head)
Seems to have retested the neckline after the breakout
Has entered the 3rd wave in hourly and 5th wave in daily
RSI is above 60 and the stochastic 14,3,3 is in positive crossover
Bollinger band is challenged on the upper end
+DI is above the -DI in Directional Movement Index (DMI) with ADX above 15
All indicators / oscillators are positive in hourly and daily time frame
On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
HDFC Bank Seems like Head& Shoulders Pattern(Bearish)If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
Indices press Control Z, reverse gains made yesterday,NIFTY 50 EOD ANALYSIS 03-12-21
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 17424.90
H 17489.80
L 17180.80
C 17196.70
EOD -204.95 points / +1.37%
India VIX 18.45/+2.05%
SGX Nifty 03-12-21 @ 1820h = +19 points
FII DII = Not yet available
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a minor gap up and exactly hit one of the earlier intraday resistance levels and then never looked back.
It tried to consolidate between 17350-400 but failed and soon after noon, the steady sell-off started which never ended until the markets closed.
FTSE opened with a good gap up but later that also caved in so Nifty did not have to do any brain work as it was already drifting.
Despite the apparent bearishness, Nifty has made a higher high and a higher low. However, Bank Nifty could not hold on to the low of yesterday and almost came close to 36000.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 9
Top 5 Draggers contributed = 103
Net = -94
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Top 3 Lifters contributed = 8
Top 3 Draggers contributed = 262
Net = -254
POSITIVES
It is very hard to find any positive today especially after an impressive performance given yesterday.
The consoling aspects were –
Bank Nifty did not breach 36000.
Nifty managed to hold on to the levels above the close of 1 Dec - 17166.
NEGATIVES
From an impressive start by Bank Nifty in particular to a miserable showdown by almost 800 points, the Indices have undone all the efforts of the bulls that would have been done yesterday.
Reliance, HDFC twins, ICICI Bank, and Kotak Bank were hammered and used as the tools to drag the indices from a situation of hitting 17500 on Nifty and 37000 in the case of Bank Nifty.
TRADING RANGE FOR THE WEEK BEGINNING 06 Dec 21
Nifty Support = 17000-17200
Nifty Resistance = 17250-300-350-400
Bank Nifty Support = 35800-36000
Bank Nifty Resistance = 36400-600-800-37000
INSIGHTS / OBSERVATIONS
In my view, the market moves for the day were such that it completely ignored the fact that 2 Dec was a trading day. Here is my tweet on the same:
Today I traded 36500 PE + CE and yesterday I also traded these two. What I observed was that overnight there was a decay of 40 points when these were ATM CE / PE today. In fact today, in the opening few minutes Bank Nifty shot up and yet there was the decay once it retraced to 36500. This is the reason why Option Writers may be making money as the India Vix was also down in the morning.
Yesterday’s Top 5 Lifters & Draggers contributed +95 points. Today, they contributed -95! This is quite an interesting situation and confirms that in the end, Nifty did not go anywhere over the last 2 sessions.
Bank Nifty was down 311 points and 262 of these were contributed by Kotak Bank, HDFC Bank, and ICICI Bank. This is the power of the three big heads of Bank Nifty.
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
3-12-21
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.
---
NSE:HDFC BONSE:HDFC
#NSE:HDFC trading bullish and reached resistance level, high chances to BO
Post confirmation may try 2800 CE
Good above 2826.
Nifty ends at 17401, have the new bases been formed?NIFTY 50 EOD ANALYSIS 02-12-21
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 17183.20
H 17420.25
L 17149.30
C 17401.65
EOD +234.75 points / +1.37%
India VIX 18.09/-6.99%
SGX Nifty 02-12-21 @ 1755h = -60 points
FII DII = Not yet available
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a mild gap up and then immediately made an attempt to break the close of yesterday but found support around the level and then recovered well.
It then made a sustained rally more or less uninterrupted till 17325 then fell around 40 points and then again retested the level of 17320+.
Then there was a sudden fall in Reliance which brought Nifty below 17300 but it recovered very well and then ended the day closer to the high of the day at 17420.
Both the indices have made higher highs, and higher lows.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 104
Top 5 Draggers contributed = 09
Net = +95
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Top 3 Lifters contributed = 170
Top 2 Draggers contributed = 53
Net = +117
POSITIVES
Nifty ended just above 17400 and closer to the day high of 17420.
The sudden change of colors was due to the sustained efforts of the HDFC twins and the 2 Nifty twins of Infosys and TCS that have helped Nifty come out of the negative sentiments.
Bank Nifty managed to close just above 36500.
India Vix has fallen 7%.
NEGATIVES
ICICI Bank and Axis Bank chose to stay away from the party and that is what caused Bank Nifty to underperform.
TRADING RANGE FOR 03 Dec 21
Nifty Support = 17000-17200
Nifty Resistance = 17425-500-600.
Bank Nifty Support = 35800-36000
Bank Nifty Resistance = 36600-800-37000
INSIGHTS / OBSERVATIONS
Bank Nifty OHLC was back again above 36000- the 4 previous sessions had lows above 35000+. This signals that the new base may have been built around 35500-36000.
When Nifty falls 300 points there are many reasons out there and the majority starts guessing when it will stop. Now that it went up by 230+ points and ended the day at 17401, everyone started wondering whether this rally would continue!
Perhaps that is why, it is said that - A bull market climbs the Wall of Worries!
17400 has been reclaimed after 5 sessions when the close was 17415 - that may well prove to be the next immediate hurdle.
Bank Nifty has underperformed Nifty today by 500+ points as it generally rises or falls in the ratio of 1 Nifty point = 3 Bank Nifty points.
Nifty soaring 234 points on a day when the European markets are in the red is indicative of the fact that the rally may not sustain and FIIs who may have bought in the Cash market may again Sell tomorrow. So the weekly close and more importantly the open on Monday, 06-12 is going to be crucial.
An interesting insight on the Bank Nifty close is given in this tweet:
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
2-12-21
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.
---
Indices ignore global cues, end on a bearish noteNIFTY 50 EOD ANALYSIS 29-11-21
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 17055.80
H 17160.70
L 16782.40
C 17053.95
EOD +27.60 points / +0.16%
India VIX 20.83
SGX Nifty 29-11-21 @ 1900h = -46 points
FII DII = Not yet available
CHART BASED CONCLUSIONS using 5 Minutes Chart
Taking strong global cues in to account, Nifty opened with a mild gap up and as usual immediately sold off as FIIs were net sellers on 26 Nov.
It evinced buying interest around 16780 and made a smart recovery and hit the first resistance at 17100 and then retraced a bit and then again at 17160 and then fell yet again after being sideways for a long time.
It barely managed to end above 26 Nov close by a few points as a token of respect to the global cues.
Nifty has thus made a lower high and a lower low.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 65
Top 5 Draggers contributed = 30
Net = +35
POSITIVES
Nifty managed to close in green is the first positive.
Some of the leading scrips - Reliance, HDFC Bank, Kotak Bank, TCS, and Bajaj Finance were the leaders today. This is a good mix of Reliance, Banking & Finance, and IT.
Bank Nifty bounced back up from its 200 DMA which is a good sign even though it ended in the red. In the process, it also held above its 50 Weekly MA.
NEGATIVES
Bank Nifty underperformed Nifty on account selling pressure in ICICI Bank and Axis Bank.
HDFC remained under selling pressure today as well.
The global cues are positive and yet the indices ended this way is not a good sign.
TRADING RANGE FOR 30 NOV 21
Nifty Support = 16500-16700
Nifty Resistance = 17100 and above until 17500 is taken out on closing basis.
Bank Nifty Support = 35000-35200
Bank Nifty Resistance = 36000-36200-500-800
INSIGHTS / OBSERVATIONS
I find it a bit strange that a one liner from a South African medical agency stating the variant is just a sound alert and anot an alarm has made the global markets so much positive. I am neither a market maker nor a medical pro so I am confused with this one liner exactly like how the Bulls of the Indian stock markets are.
Despite the global markets being positive, somehow our market participants could see what is not visible to the world as re Covid variant is concerned.
A dismal EOD performance is indicative of the underlying bearish tone of the markets.
Nifty could end in the green only because of Reliance as its contribution is 21 points. This also explains what may happen tomorrow if our Indices choose to ignore the global cues tomorrow as well.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
29-11--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.
---
RELIANCE on uncontrolled move But Retracement to take 2750 levelTrend suggestt some bit upward move with Retracement which may take long time to give upside boost.
Expecting that upside 2750-2780 levels can give Supply presure for downfall upto 2405 levels in short range.
Everything mentioned in chart with Trend.
{Views are only for Educational Purpose.}
Simple Trade Setup | HDFC BANK | 23-11-2021 [ INTRADAY]NSE:HDFCBANK
Observations:
1) On 1day time frame, it closes below 200DMA.
But it has tendency to trade very less period of time below 200DMA.
Will it be a fake breakdown or it will jump from here tomorrow?
200DMA is placed at 1521.29.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame we can see level 1550 is major breakout level.
1500 is immediate support and immediate resistance is at 1525 level.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 23-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
HDFC BANKHDFC Bank View Please look at the level closely
Macd Negative still no positive sign
SuperTrend Negative
Near Demand Zone - CAN Make Or Break Demand Zone
Bank Nifty On Crucial Support
Rsi Approaching 30
This may not be a right time to enter HDFC Bank
Wait for Good Entry Stock will give entry to everyone on right levels