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retesting the breakout level - Safe strategy Hindustan Unilever is currently on a Very Important level . It is retesting both all time high breakout level as well as the trendline . And volume also seems to pickup . I wanted to enter earlier too when breakout happened but that was way too parabolic and risk reward wasnt good so i didnt . i dont fix any target i just like to ride the scrip as long as so a less risk trade is always my first choice . Nowadays overall market is at very high level without any time or price correction so its hard to find less risk trades . so dont miss this trade . stoploss is way too small . Now how to enter For Risk taking traders - can enter at this level with a day closing basis stoploss 2550 and target is open . Trail the sl to cost if it reaches all time high and then ride the scrip with any system you follow . For Safe Traders - Wait for confirmation with a bullish candle and better if a long wick on lower side with good volume ( dont enter if its too big ) . and then u can put the stoploss on day closing basis below 2600 if u enter with confirmation . Please like the post if you like the analysis . Follow me for more low risk swing trades . Will try to post in market hour next time . Happy trading .
NSE:HINDUNILVRLong
by Deepak_yadav02
HUL/Giving good buy on dips opportunity/Slowly build positionBuy on Dips Investment Idea - Slowly add position at every support level, if it does come to these levels. Scrip : Hindustan Unilever Entry - This is an investment idea, buy on dips and add at every support levels. Support levels mentioned in the chart. Enter at 2650, 2500, 2300,2150. This is an investment idea for medium term to long term horizon. Giving decent opportunity to enter at dips. It is a market leader, segment leader, and fundamentally very strong stock. Please note: I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
NSE:HINDUNILVRLong
by BeingNick
NIFTY scales new peak and closes as well around the peakNIFTY 50 EOD ANALYSIS -02-09-21 IN SUMMARY O / H / L / C 17095.4 / 17245.5 / 17059.7 / 17234.15 H-L = +186 points VIX 14.24 / +0.357% FII DII: +729 Crores Likely open: Positive but there may be consolidation taking place as the Net Volume of FIIs DIIs is not significant. And all eyes on where the week closes - above 17200? CHART BASED CONCLUSIONS NIFTY made a new ATH and closed also at a new ATH which is closer to the ATH level indicating a strong close. However, NIFTY had almost retested the lows of yesterday in the opening candle itself but they smartly recovered within the first 5 minutes and then never looked back. The ride to the top was somewhat choppy and not smooth and the biggest move of the day happened in the first 5-minute candle itself. The rest were climbing the proverbial Wall of Worry. That also justifies the slight jump in the VIX. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters TCS 25 RELIANCE 18 HDFC LIFE 15 SHREE CEMENTS 13 HUL 10 TOTAL 81 The Draggers M&M 04 BAJAJ FINSERV 03 BAJAJ FINANCE 02 DIVIS LABS 02 TATA MOTORS 01 TOTAL 12 Lifter - Draggers = +69 There was not much negativity and that is what has propelled NIFTY to scale a new peak. POSITIVES Despite INFOSYS not being able to contribute, TCS led from the front and put up a great show of strength. Clearly, it has come a long way. The FMCG giant HUL too has been keeping pace which is a good sign. HDFC twins and RELIANCE also ended in the green. RELIANCE crossed 2300 but ended the day just below the line. FIIs DIIs are both Net Buyers. NEGATIVES BANK NIFTY is finding it hard to cross the 37000 lines. MARUTI as well as TATA MOTORS are under some sort of pressure on account of the semiconductor news. These two need to move up firmly as they have been trading within a range for a while now. INFOSYS made a deep dive to 1663 and recovered in the late trade but closed a few points below its 20 DMA. On account of its weightage, it is important that it restores 1700+ levels for NIFTY to remain above 17200. TRADING RANGE FOR 03-09-21 17000-17300 is the range that I can think of for the final day of the week. BANK NIFTY support stays at 36200-400 and resistance at 37000-37200. INSIGHT / OBSERVATIONS The tendency of a scrip to go below its key moving averages and then make an attempt to come back up is a good sign indicating that the selling pressure has been exhausted for now and renewed buying interest has taken place. This is what seems to be happening in INFOSYS. Tomorrow’s session will decide on whether it reclaims 1700 level or faces some hurdle around the 20 DMA resting at 1690. What do you feel about this? Thank you, and Happy Money Making! Umesh 02-09-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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:NIFTY
by AVENUESOFINVESTMENT
Nifty comes under pressure and closes at 16450NIFTY 50 EOD ANALYSIS -20-08-21 IN SUMMARY O / H / L / C 16382.5 / 16509.55 / 16376.05 / 16450.5 H-L = 133 VIX 14.02 / +8.6% FII DII: -2178 Crores Likely open: Negative to flat CHART BASED CONCLUSIONS A 200+ point gap-down opening in Nifty shook all the scrips. Nifty made a significantly lower high and a significantly lower low. It then moved in a narrow range of 100+ points witnessing high volatility and choppy movements. On daily charts, it appears to have been brutally thrown away from the top though it has made a good recovery from the lows. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters HUL 23 BAJAJ FINANCE 15 NESTLE 13 ASIAN PAINTS 11 BRITANNIA 09 TOTAL 71 The Draggers JSW STEEL 27 TATA STEEL 21 RELIANCE 18 ICICI BANK 11 SBI 11 TOTAL 88 Lifter - Draggers = -17 The selling appears to be quite intense and that explains the negative closing for the week. POSITIVES The sleeping giant HUL woke up and stood firm and helped steady Nifty. HDFC ended in the green despite extreme selling pressure. BANK NIFTY managed to end above 35000 make or break level. NEGATIVES Nifty failed to close above 16500 and a major barrier for the bulls has been lost for now. BANK NIFTY fought an intense battle to stay above 35000 and it was hard to for it to even cross 35100 as it was pushed down severely from that area. FIIs have sold heavily. VIX is up almost 9%! TRADING RANGE FOR W/B 23-8-21 The Nifty baseline moves down to 16300-350. The resistances are now from 16500 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35200-35500. INSIGHT / OBSERVATIONS FIIs have sold heavily so some more negativity on the cards. HUL rose sharply and BRITANNIA also did well but ITC did not move much. So there is something in HUL and BRITANNIA that is not applicable to ITC. BANK NIFTY was struggling hard to cross 35100 and the impact was direct on Nifty. The moves remind me of the slow and choppy moves that we had seen during the last year after the COVID triggered the crash. Is this a Buy on Dips market? If one remains stock-specific then yes, it is so - at least for support to resistance-based trades. What do you feel? Thank you, and Happy Money Making! Umesh 20-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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:NIFTY
by AVENUESOFINVESTMENT
1
IT and HUL end the day for Nifty past 16600NIFTY 50 EOD ANALYSIS -17-08-21 IN SUMMARY O / H / L / C 16545.25 / 16628.55 / 16495.4 / 16614.6 H-L = 133 VIX 13.41 / -0.37% FII DII: -77 Crores CHART BASED CONCLUSIONS Nifty closed above 16600 for the first time and close to the ATH level. Nifty made a higher high and a higher low. Nifty was facing resistance near the earlier day’s high and then fell sharply and recovered in the last hour or so. On daily charts, the candle looks strong with Ok volume. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters INFOSYS 27 TCS 10 HUL 09 NESTLE 08 WIPRO 07 TOTAL 61 The Draggers HDFC BANK 14 JSW STEEL 08 RELIANCE 06 ADANI PORTS 05 LT 04 TOTAL 37 Lifter - Draggers = 24 This explains why Nifty fell before recovering sharply. POSITIVES Nifty made yet another ATH and the first close above 16600. Nifty 50 IT members rallied behind the index and performed very well. INFOSYS and TCS in particular have been doing well for the past few sessions. MARUTI as well as TATA MOTORS made a good recovery from their lows. FIIs selling has reduced compared to yesterday. NEGATIVES HDFC BANK and RELIANCE did not end in the green and instead dragged the indices so some sort of pressure is likely unless they reverse. BANK NIFTY ended once again below 36000 ahead of the expiry day. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. TRADING RANGE FOR 18-8-21 Nifty baseline moves up to 1600-450. BANK NIFTY support base stays at 35600-800 and resistance at 36200-36500. INSIGHT / OBSERVATIONS WHen INFOSYS buyback was in the air, it was expected that it would happen around 1750. The day’s high was 1746.9. Nifty futures trading at a discount to the spot at ATH is quite an unusual situation to have. What do you feel? Thank you, and Happy Money Making! Umesh 17-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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:NIFTY
by AVENUESOFINVESTMENT