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ICICIBANK

Nifty ends above 18200, Bank Nifty held back by HDFC BankNIFTY 50 EOD ANALYSIS 12-1-22 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 18170.40 H 18227.95 L 18128.80 C 18212.35 EOD +156.60 points / +0.87% SGX Nifty 12-1-22 @ 1915h = +77 FII DII = +330 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a 100+ point gap up and wobbled a bit but then made steady progress throughout the day with some choppiness. The leading scrips of Nifty as well as Bank Nifty,were quite volatile which made it hard for the indices to move up consistently. Nifty managed to close above 18200 with a slight drop in the India Vix. The indices have made higher highs and higher lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 109 Top 5 Draggers contributed = 34 Net = +75 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 289 Top 3 Draggers contributed = 94 Net = +189 POSITIVES Reliance, ICICI Bank, Infosys, and Kotak Bank helped the indices rally. Reliance closed above 2500. NEGATIVES Underperformance by HDFC Bank and TCS. HDFC was unable to sustain above 2750 and went sideways. FIIs are back in sell mode with 1,002 Crores. TRADING RANGE FOR 13 JAN 22 Nifty support = 17800-17900 Nifty resistance = 18250-300-400 Bank Nifty Support = 37200-500 Bank Nifty resistance = 38800-900-39000-39200 INSIGHTS / OBSERVATIONS Nifty OHLC was above 18100 - in fact, above 18100. The last time it happened was on 15-11-21, so it took almost 2 months for the Index to circle back. Any move upwards from here would mean resumption of the uptrend which was given up from 16-11-21. And Bank Nifty made another day in a row above 38000 as far its OHLC levels are concerned. Today’s low was 38600+ so it is a very good sign. However, when looking at a granular level, Bank Nifty could manage to close 8 points above the opening price level. Bank Nifty moved in a narrow range drifting on the downside. HDFC Bank held it back forcibly as it came down 1%+ from the day high. TCS was very nervous ahead of its results so its reaction to the results is going to be quite interesting in the opening hour. I think after a long time 3 IT companies from Nifty 50 would see the market reaction on the same day following the release of its quarterly results. So Nifty may go all over and the moves could be wild and volatile. What do you feel about this? Here is the link to the video: youtu.be Thank you, and Happy Money Making! Umesh 12-1-22 Not SEBI registered The post is for educational & informational purposes only. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
2
Nifty batting 18003, Bank Nifty 38347. Will this rally sustain?NIFTY 50 EOD ANALYSIS 10-1-22 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 17913.30 H 18017.45 L 17879.15 C 18003.30 EOD +190.60 points / +1.07% SGX Nifty 10-1-22 @ 1905h = -42 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a gap-up of 100 points and after the initial hesitation and break of the opening low, it resumed its journey on the way up. It then faced resistance around 17960-70 and then made another attempt to cross the level and failed and fell back to 17900 zone and then just before noon, it made a steady yet choppy ride up the ladder. Nifty closed above 18000 and has now broken the great resistance at 18000. The indices have made higher highs and higher lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 103 Top 5 Draggers contributed = 17 Net = +86 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 437 Top 3 Draggers contributed = 01 Net = +436 POSITIVES Nifty closed above 18000 and Bank Nifty well above 38200. Infosys regained its positivity and led from the front. It is also good to see HDFC managing to stay well above 2600 and helping Nifty gain steadily. ICICI Bank, SBIN, and Kotak Bank lifted Bank Nifty yet again. NEGATIVES TCS fell 100 points from its opening high. India Vix has not yet cooled down despite the indices going up so strongly. Reliance barely managed to stay positive and this could prove to be a worrisome scrip. TRADING RANGE FOR 10 JAN 22 Nifty support = 17600-700 Nifty resistance = Every 50 points Bank Nifty Support = 36800-37000 Bank Nifty resistance = 38500-38700-39000 INSIGHTS / OBSERVATIONS The underlying tone of the indices was very strong as Nifty low was 60+ points above the close of 7-1. Likewise, Bank Nifty low was almost 200 points above the close of 7-1-. These two levels would now act as important supports and the gap between the two would attract the indices as and when there is some sort of profit booking or compliance with the global cues. On the back of a buy-back offer, TCS made an opening high of 3979 and then lost 100 points and ended the day at 3879. So the euphoria was over and those who had the news already banked gains and brought down the scrip to level. It is a bit surprising that the indices have ignored the negative sentiment in FTSE and closed on a very strong note. To some extent, this is worrisome as well. If and when they correct, that is likely to be sharp and quick. Even the domestic cues on the Covid front are not encouraging and India Vix has also not cooled down, yet even sensitive scrips like IRCTC, IndiGo, and Inox Leisure have performed well. This in a way is a good sign as long as it indicates the ability of these companies to weather the adverse impacts. What do you feel about this? Here is the link to the video: youtu.be Thank you, and Happy Money Making! Umesh 10-1-22 Not SEBI registered The post is for educational & informational purposes only. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
2
Simple Trade Setup | ICICIBANK| 30-12-2021 [INTRADAY]NSE:ICICIBANK Trade Setup for Date: 30-12-2021 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.
NSE:ICICIBANK
by Trading_hawk
Simple Trade Setup | ICICIBANK | 28-12-2021 [INTRADAY]NSE:ICICIBANK Observations: 1) On 1 day time frame, it came back again above 100DMA. 100DMA is placed at 732.02. So level of 730-732 will work as immediate support level. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 28-12-2021 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.
NSE:ICICIBANK
by Trading_hawk
this is the hourly chart of icici bank futuresthis is the hourly chart of icici bank futures there was a strong supply zone made on the 21st of December (marked) and it was respected this morning when the markets corrected as well. it also does resemble the bullish double bottom pattern and it happening in the hourly timeframe could be a strong signal. I connected the dots to find that the chart might be making a new uptrend from the 717.30 levels and the first resistance is immediately at 739.85. this level will be acting as a very crucial level. traders will have an opportunity to buy if the candles cross 740 with momentum for a target of 771 or sell if it resists the level again for a target of around 717.00 I frankly wouldn't sell as the indices may show an up-move and test the upper trendline. *education purpose only
NSE:ICICIBANK1!Long
by virralthakkaar
ICICIBANK SHORTI hope you can now see how ICICIBANK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:ICICIBANKShort
by EntryandExit
Is Nifty getting ready to end this week above 17000?NIFTY 50 EOD ANALYSIS 22-12-21 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 16865.55 H 16971.00 L 16819.55 C 16955.45 EOD +184.60 points / +1.10% SGX Nifty 22-12-21 @ 1835 = +12 FII DII = +770 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a good gap-up and then shot up to cross 16900 for some time and then sold-off as usual. It then recovered in a slow paced market with some amount of choppiness and never looked back to retest the lows. It rose almost 100 points in the final hour even though FTSE was showing a somewhat negative bias. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 101 Top 5 Draggers contributed = 9 Net = +92 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 318 Top 3 Draggers contributed = 4 Net = +314 POSITIVES Bank Nifty ended above 35000 is a good sign and Nifty managed to close above 16950 is also a good sign. Reliance, SBI, ICICI Bank, and Kotak Bank are looking better than what they were a couple of sessions back. This would impact the sentiment positively and help steady the indices. The positive sentiment was prevalent was mostly throughout the market with almost 70% of the NSE scrips for which the Advance-Decline ratio is worked out showing a positive close. NEGATIVES HDFC continues to show weakness at higher levels and as a result even HDFC Bank seems to have been impacted as unlike yesterday, it ended on a muted close. 16985-17000 is a hard line to cross. TRADING RANGE FOR 23 DEC 21 Nifty support = 16600-700 revised upwards considering the fact the low for the day was 16800+. Nifty resistance = 16985-17000-17050-17100-200 INSIGHTS / OBSERVATIONS Though the last 2 sessions have ended in good green, on a closing basis, Nifty is still below the 17-12-21 level. This is therefore likely to play out as the beginning of a tough line of resistance. Despite a weak FTSE, our indices ended in good green which is a surprise considering the fact that the tendency so far has been to be sold off as and when FTSE is in the red. Maybe there is something that is likely to unfold tomorrow in the opening hour. Bank Nifty was 421 points of which 318 were from SBIN, ICICI Bank, and Kotk Bank. It is good to see SBI and Kotak Bank turning in as positive contributors. Now only HDFC Bank should remain non negative for the index to move up. What do you feel about this? Here is the link to the video: Thank you, and Happy Money Making! Umesh 22-12-21 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:NIFTY
by AVENUESOFINVESTMENT
Simple Trade Setup | ICICIBANK | 22-12-2021 [INTRADAY]NSE:ICICIBANK Most of all the levels and trade setup remains same as per previous. Trade Setup for Date: 22-12-2021 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.
NSE:ICICIBANK
by Trading_hawk
Bulls unable to hold on, yet indices end in greenNIFTY 50 EOD ANALYSIS 21-12-21 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 16773.15 H 16936.40 L 16688.25 C 16770.85 EOD +248.15 points / -0.94% SGX Nifty 21-12-21 @ 1930 = +25 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap up and was able to sustain the same and kept moving up as the day progressed. However, it then became obvious around 16940 levels where there is an earlier intraday resistance that the bears may not let the rally continue. And at 1300h, that is what happened and the sell-off continued and almost threatened to wipe out all the gains. Finally, in the last hour Nifty managed to recover well and ended in the green. Nifty has made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 60 Top 5 Draggers contributed = 16 Net = +44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 246 Top 3 Draggers contributed = 95 Net = +151 POSITIVES Both the indices ended the day in green. HDFC Bank and ICICI Bank were the leaders in lifting the indices and remained positive throughout. Reliance also joined these two in helping Nifty not give up all the gains that had been made in the first half of the day. NEGATIVES The manner in which the indices fell in the PM session indicates that there are large sell orders around 16900-950 and it is unlikely that the bears would give up the territory that easily. HDFC, SBIN, and Kotak Bank remain the problem scrips for the bulls as these are the scrips where every rise seems to be getting sold in to. TRADING RANGE FOR 22 DEC 21 Nifty support = 16300-400 Nifty resistance = 16800-900-950-17000 INSIGHTS / OBSERVATIONS For the 2nd in a row, Nifty OHLC was below 17000. This is an unusual sight in recent times. This also shows that the bears have not yet given up and any rally is likely to get sold into unless there is ferocity in the up move which was not seen on the horizon today. Whenever FIIs are the net sellers on the previous day and Nifty is trading with a significant gap up and the same is held on to, it would be safe to expect a sell-off in the PM session followed by a recovery which may not be full. Catching the last set of bears off guard and just when they have covered their shorts and switched to longs, comes the sharp sell-off which shakes the new longs out and before they can decide to re-enter, the fall is recovered in no time. So it is necessary for traders to be better Mentalists than good traders as only such people would be able to go with the flow. Yesterday’s massive fall was attributed to global Omicron fears even as India is for now better placed than the rest of the world. I am wondering what media would attribute the positivity in global indices to? Is Omicron gone? If we remove such noise, market moves and numbers would make better sense. And here is my latest tweet about an observation made: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 21-12-21 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:NIFTY
by AVENUESOFINVESTMENT