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Historical Uptrend in Nifty since 2006Being curious enough to check whether NSE:NIFTY has already run up quite-a-bit recently such that it's a time to pack the backpack and take out everything from market, we looked into the Monthly timeframe of NSE:NIFTY from 2006, roughly last 18 years. That's a good amount of time, being considering how short-lived our memories are :sic: See the chart here. We marked out the various Falls NSE:NIFTY has encountered during last 18 years. The major lows have been marked in the chart as follows: 2007 Sublime Crisis & Lehman Brothers' collape 2016 Indian Banks NPA risen and the Demonitization/Note bandi related panic The Pandemic Crash The Monitory hawkishness across the globes' central banks and Rate hikes The USA Banking mini crisis (SVB failure. As our memories are shortlived, so mention more in the recent past (since 2020 March) than older ones. (Of course, for the brevity did not mention a few like Russia/Ukraine). Now a few observations to be pointed below: Other than March 2020 Pandemic, never the upward trending trendline is broken since last 18 years. Pandemic was a lifetime/never-before experience of mankind. Whole human civilization had not experienced it ever (neither it should experience also in future ever, God forbid). Even that bottom (marked as red circle in the chart) was short lived. Within 2 quarters it's regained mostly. The initial trendline from 2007 to 2020 was mostly 30-degree positive slope. Whereas Post pandemic the uptrend is near 60-degree slope. Even in this high paced upmove, the trendline was never violated even for a single month! Now keeping this in mind and looking at the current India story , it is highly unlikely that we will see a downfall in the mainline broader Indian market (Nifty, Sensex etc.) at all. May be, at most, the positive slope may decelerate from 60 degree to 45 degree or so one. But we are in a structural Bullish phase in Indian market and there is absolutely no price-action indicates in chart it's going to change any soon. Recommendation We marked various levels in the chart in purple colors, tagging the levels (21800, 20000, 18800, 16500 etc.) Any time, if ever Nifty falls to these levels. at least the chart does tell us to accumulate Nifty. Every significant dip in Nifty to be bought in. Neat/Clean/Clear indication in the chart's price action.
NSE:NIFTYLong
by pradipandsuvra
HCL TECH - SWING TRADE ON LONG SIDESymbol - HCLTECH HCL Tech is currently trading at 1360 1300 - 1360 is a good support area for HCL Technologies Ltd. I'm seeing a trading opportunity on buy side. Buying HCL Tech Futures at CMP 1360 I will be adding more if 1330 comes & hold with SL of 1295 Targets I'm expecting are 1440 - 1485 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:HCLTECHLong
by akshit_official
11
BSOFT - TREND CHANGED ?Symbol - BSOFT Birlasoft is engaged in Computer programming, consultancy, and related activities. It provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. This stock has given great returns to investors as well as traders in last 1 year. This stock was buy on dips since May 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise as there exists clear Head & Shoulders pattern on larger time frame. I have made short positions in futures already around 690 level & will find opportunity to sell it on each rise until it breaks 730-735 levels which is H&S neckline. So, My SL is placed above 735. Targets I'm expecting on downside will be 575 - 560 - 535. P.S. : Swap markets are now pricing in just one Fed rate cut in 2024. The Fed will keep the rate unchanged at its May 1 meeting. Powell is expected to tighten rhetoric and signal that there will be fewer rate cuts this year than previously expected. If this happens, This will result in strong profit booking in IT stocks specially mid and small caps. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BSOFTShort
by akshit_official
2
HINDUSTAN UNILEVER - SWING TRADE ON LONG SIDESymbol - HINDUNILVR Hindustan Unilever is currently trading at 2185. 2185-2140 is a good support area for Hindustan Unilever. I'm seeing a trading opportunity on buy side. Buying Hindustan Unilever Futures at CMP 2185 I will be adding more if 2150 - 2140 comes & hold with SL of 2090. Targets I'm expecting are 2265 - 2380 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:HINDUNILVRLong
by akshit_official
1
BankNifty Trading: Reacting to India VIX VolatilityAs the India VIX, a measure of market volatility and investor sentiment, experiences fluctuations, traders often anticipate corresponding movements in the BankNifty index. Given the inverse relationship between market volatility and stock prices, heightened volatility tends to coincide with potential corrections or downturns in the market. In this scenario, traders may seek short positions on BankNifty to capitalize on potential downward movements. However, it's crucial to exercise caution and conduct thorough analysis before initiating any trades. Consulting with a financial advisor or a seasoned trader can provide valuable insights and mitigate risks associated with speculative trading strategies. While trading BankNifty based on India VIX movements can present lucrative opportunities, it's important to approach the market with caution and employ proper risk management techniques. Markets can be unpredictable, and unexpected events can quickly change the trajectory of trades. Therefore, conducting thorough research, staying informed about market developments, and seeking professional guidance are integral to successful trading endeavors. Remember, trading involves inherent risks, and past performance is not indicative of future results. Always trade responsibly and within your means, and consult with a qualified financial advisor before making any trading decisions.
NSE:BANKNIFTYShort
by Sanil1912