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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
Bank Nifty roars, so does India Vix. What Next?NIFTY 50 EOD ANALYSIS 5-1-22 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 17820.10 H 17944.70 L 17748.85 C 17925.25 EOD +120.00 points / +0.67% SGX Nifty 5-1-22 @ 1830h = -8 FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened flat and then there was a mini sell-off as it tried to trade above the previous close. However, it found support around 17750 and then moved up a 100+ points and found resistance around 17850 and was back to 17800. It then never looked back and made a steady climb to hit the day high and close just below the level and above 17900. Both the indices have made higher highs and higher lows which is a good sign. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 99 Top 5 Draggers contributed = 45 Net = +54 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 606 Top 3 Draggers contributed = 00 Net = +606 POSITIVES Bank Nifty has closed comfortably above 37000. Nifty ended the day despite pressure from IT leaders and HDFC, above 17900. Bullishness in Banking & Finance scrips was strong. FIIs have bought in excess of 1,200 Crores. NEGATIVES IT leaders dragged Nifty - Infosys in particular which was a negative yesterday as well. Spike in India Vix as it closed above 17. TRADING RANGE FOR 05 JAN 22 Nifty support = 17400-500 Nifty resistance = 17950-18000-18100 Bank Nifty Support = 36000-200 Bank Nifty resistance = 37800-38000-200 INSIGHTS / OBSERVATIONS The most surprising fact of the day was that India Vix has roared along with Bank Nifty. It is an uncommon occurrence and is signaling that there is panic setting in at higher levels. Could this be on account of the rising Covid related uncertainties? Nifty underperformed Bank Nifty on account of Infosys, TCS, and HDFC. The good thing is that the higher low of Nifty is now 150+ points above. This indicates the underlying bullishness at lower levels. Bank Nifty made a bounce of 1100 points from the day low which is good and that is the reason why it was able to outperform Nifty today. The top 3 leaders contributed 600+ of these indicating that the index wide bullishness was good. Of the top 5 draggers of Nifty, the first 4 are from the IT pack. And all the top 5 lifters of Nifty are from Banking & Finance. So it was Banking & Finance Vs IT. What do you feel about this? Here is the link to the video: youtu.be Thank you, and Happy Money Making! Umesh 5-1-22 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
Indices gain and close higher, are bulls in control?NIFTY 50 EOD ANALYSIS 23-12-21 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 17066.80 H 17118.65 L 17015.55 C 17072.60 EOD +117.15 points / +0.69% SGX Nifty 23-12-21 @ 1855 = +23 FII DII = + Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a gap-up of 100 points and as usual, there was a mini sell-off. It then bounced back from above 17000 and then made attempts to cross 17100 but met with resistance and then faded. This time it moved closer to 17000 but again found support and crossed 17100 but the customary 1300h selling coupled with expiry day volatility ensured that it remained volatile and finally ended well below 17100. The overall movement was range bound within 100+ points, however, the India Vix gives a different view as it has fallen. Nifty and Bank Nifty have made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 671 Top 5 Draggers contributed = 14 Net = +53 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 151 Top 3 Draggers contributed = 27 Net = +124 POSITIVES Bank Nifty and Nifty together have closed above key psycho levels of 35000 and 17000 respectively. Bajaj twins have chosen to be the lifters today and the bounce back in HDFC and Kotak Bank is a good sight as these two have remained under pressure for the last few days. Infosys has closed at a new ATH and has helped Nifty in the last few sessions. NEGATIVES Reliance, HDFC Bank and ICICI Bank ended in the red despite the overall positivity. Their inability to sustain at higher levels is not a good sign for the bulls. Higher levels in Indices appear to be attracting sellers. TRADING RANGE FOR 23 DEC 21 Nifty support = 16700-800 revised upwards considering the fact the low for the day was above 17000. Nifty resistance = 17100-200-260-300 Bank Nifty Support = 34500-800 Bank Nifty resistance = 35500-700-800 INSIGHTS / OBSERVATIONS Nifty OHLC above 17000 and Bank Nifty OHLC above 35000. This is refreshingly different and a positive sign. The key is to end the week in this manner. Even though the indices have ended up, the extent of movement is not wide enough as compared to yesterday. This could either mean that the indices are consolidating on the way up or are facing hard resistance at higher levels. We have experienced many times that the indices tend to give a feeling that they are unstable but then end up moving up higher over a period of a few days leaving many retailers who may be waiting for the right opportunity. That is why it is best to keep partially adding to the portfolio holdings at good levels. 1 There is a sudden spike in the Covid cases in Mumbai and that is not a good sign. This along with Omicron cases may weigh in on the indices should the situation worsen. It is better to be cautious for now. What do you feel about this? Here is the link to the video: Thank you, and Happy Money Making! Umesh 23-12-21 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| INFOSYS | 23-12-2021[INTRADAY]NSE:INFY Observations: 1) On 1day time frame, as expected it is consolidating above 1800 level now. And volume is slowly decreasing. But good thing is that it is holding above 1800 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 23-12-2021 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:INFY
by Trading_hawk
Christmas Sale in On! Will it be Bears or Bulls all the way fromNIFTY 50 EOD ANALYSIS 20-12-21 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 16824.25 H 16840.10 L 16410.20 C 16614.20 EOD -371 points / -2.18% SGX Nifty 20-12-21 @ 1900h = +25 FII DII = -801 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a significant gap down and from there it never looked back and kept drifting and fell 400 points further from the opening level. It appeared that the leakage is unlikely to be stopped as there was hardly any buying taking place. Finally, around 1300h, either the shorters chose to cover or the bulls stepped in and the index managed to crawl and stumble upwards and ended above 16600. Nifty has thus breached all important levels on the way down and made lower highs and lower lows. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 10 Top 5 Draggers contributed = 160 Net = -150 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 00 Top 3 Draggers contributed = 778 Net = -778 POSITIVES I am not sure why Cipla and Dr Reddy’s bounced up - if the up move was on account of Omicron, it is not good in the overall interest of the markets. The only other consolation was that 16400 on Nifty and 34000 on Bank Nifty were not breached. NEGATIVES There is no dearth of negatives today so I better restrict the same as follows: For Nifty – Reliance and HDFC twins were the pain points. For Bank Nifty - HDFC Bank, SBIN, and ICICI Bank were the pain points. TRADING RANGE FOR 21 DEC 21 I did not expect this kind of paper support levels on the charts and I am not sure whether I will be able to draw any lines tomorrow as well. So let us wait and watch how this plays out. INSIGHTS / OBSERVATIONS Bank Nifty has clearly underperformed to Nifty as it is down more than 3% on EOD basis. This is a significant fall and was responsible for the turmoil in the markets today as well. On an EOD basis, Bank Nifty is down 1178 points of which 778 have been contributed by HDFC Bank, SBIN, and ICICI Bank. This itself shows what would have been the intensity of the selling pressure. With today’s fall, the much awaited Santa Claus rally has turned into a Christmas Sale on a Red Monday! We have been pushed back by a few months by the price action in the last 2-3 sessions in particular. The India Vix is significantly high and the moves remind me of the Mar 2020 type of price action where the indices used simply drift at market open. And here is my latest tweet on the Big Daddy of the Moving Averages: What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 20-12-21 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 | INFOSYS | 20-12-2021 [ INTRADAY ]NSE:INFY Observations: 1) On 1day time frame, it made kind of double bottom pattern. It is having immediate support range of 1800-1810 level range. Please refer below chart : 1day Time Frame. 2) Also on 1day time frame, it made Doji candle at top with high volume. If it trades below the low of this candle then we can see down move and if it trades above the high of this candle then we can see followup buying. Please refer below chart : 1day Time Frame. Safe buy on sustainable breakout of 1840 level and safe short on sustainable breakdown of 1800 level range. If not then we might see it will consolidate in this range of 1800-1840 range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 20-12-2021 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:INFY
by Trading_hawk
Simple Trade Setup | INFOSYS | 17-12-2021 [ INTRADAY ]NSE:INFY Observations: 1) On 1day time frame, today it closed above triangle pattern and it was breakout with increased volume. If it sustain out of this trianlge then we can see good upmove. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 17-12-2021 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:INFY
by Trading_hawk
Will Nifty end the week below 17000? NIFTY 50 EOD ANALYSIS 15-12-21 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 17323.65 H 17351.20 L 17192.20 C 17221.40 EOD -103.50 points / -0.60% SGX Nifty 15-12-21 @ 1930h = Flat FII DII = -2,354 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and as usual, it was sold in to and heavily as it breached 17200 as well. It then managed to recover well but hit an intraday resistance around 17280 and fell back again closer to 17200. It yet again bounced back and this time made a desperate attempt to retest the previou close which failed and then it fell almost 100 points to end below 17250. It was a very choppy day yet again. In the process, Nifty has made yet another lower high and yet another lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 58 Net = -44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 24 Top 3 Draggers contributed = 159 Net = -135 POSITIVES Kotak Bank looks good and ended up 1%+ amidst intense pressure. NEGATIVES Reliance yet again ended below 2400 and this is going to weigh a lot on Nifty performance. India Vix has gone up. HDFC Bank is unable to sustain 1500+ levels. HDFC gets hammered upon every rise. IT big heads were under extreme selling pressure. Bank Nifty ended below the important level of 36800 and Nifty well below 17300. Net FII DII numbers are more than -2,000 Crores. TRADING RANGE FOR 15 Dec 21 Nifty Support = In view of the continued selling pressure, I move down the supports to 17050-100. Should this break, 16750-850 may open up as a support. Nifty resistance = 17300-380-400-450-500. Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37000-200-500-700 INSIGHTS / OBSERVATIONS Just because FTSE was in the red, our indices were made to fall in the last 45 minutes or so. This is what I could gather as the fall came from around key potential breakout levels that could have changed the color of the EOD prices. I have a feeling of course based on my readings that whenever indices end the session near day's low, they tend to bounce back the following day. Let's see how it unfolds tomorrow. The last time Bank Nifty made a low at or above 37000 was on 25 Nov - so much is the negativity being experienced by the index. Tomorrow is the weekly expiry so either has the potential to register a low above 37K or simply fall further. Even though Bank Nifty has ended below 36800, as mentioned in my weekly analysis, Bank Nifty is outperforming Nifty for now as for Nfty, the pressure is oncoming from HDFC, Reliance and now from the IT big heads. What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 15-12-21 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