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KOTAKBANK

Nifty in catch up mode & Bank Nifty takes a breatherNIFTY 50 EOD ANALYSIS 26-10-21 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 18154.50 H 18310.45 L 18099.30 C 18268.40 EOD - +143 points /+0.79% India VIX = 16.75 / -4.89% SGX Nifty 26-10-21 1830h = Flat FII DII = Unavailable till 1830h but likely to be net positive. CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty managed to reclaim the lost ground to some extent and closed above 18250. After a mild gap-up opening, Nifty rose sharply but failed to hold higher levels around the FIB resistance of 18250-60. It then made a 150 point downward move. It found support at 18100 and then made yet another failed attempt head higher but upon witnessing a positive FTSE open, it then rose sharply over the rest of the session and hit a high of 18310. It thus made a higher high and a higher low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 86 Top 5 Draggers contributed = 25 Net = +61 POSITIVES Nifty made a strong recovery in the PM session and closed above 18250. Nifty managed to find good support at 18100. Despite selling pressure on account HDFC Bank and ICICI Bank, Nifty, as well as Bank Nifty, ended in the green. Reliance made a good come back which made all the difference in the sentiment. NEGATIVES HDFC Bank fell yet again as peer pressure seems to be catching up on the big bro of Bank Nifty. Infosys and TCS continue to remain weak and are witnessing selling pressure at every rise. TRADING RANGE FOR 27 October 2021 Nifty 17900-950 as the new support base and 18300-350-400 would remain as the resistance for now. I am unable to state any levels for Bank Nifty as it finds its ground in the territory above 41000. It is better to wait for the week to end before any level-based conclusions are drawn. INSIGHTS / OBSERVATIONS The insight re ICICI Bank is pasted as part of my tweet posted earlier in the evening. Here is the link -- The insight re HDFC Bank, Kotak Bank, and ICICI Bank in relation to Bank Nifty is posted here as a link to my tweet: Please visit @umeshrindani as Tradingview does not allow the pasting of links yet for me. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 26-10-21 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
KOTAK BANK MAY HAVE THE FUEL LEFT TO CONTINUE THE RALLYKotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes. The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB. So there is a lot fuel left for the rally which could lift the Bank Nifty even more. Buy in a pullback for better risk reward ratio. Happy trading :) This is just for educational purposes.
NSE:KOTAKBANKLong
by Sanjan91
Simple Trade Setup | KOTAKBANK | 20-10-2021 [INTRADAY]NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it took support and bounce from 21DMA. Please refer below chart : 1day Time Frame. 2) On 1day time frame, major resistance is at 2050 to 2054 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 20-10-2021: Most of the levels will remains the same as per previous setup. 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:KOTAKBANK
by Trading_hawk
Simple Trade Setup | KOTAKBANK | 18-10-2021 [ INTRADAY]NSE:KOTAKBANK Observations: 1) On 1 day time frame, we can see that it sustain and tested 21 DMA and took support from it. 21DMA is placed at 1995.78 level. Also another critical level is 2000 level. So range of 1995 to 2000 will work as critical support zone. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 18-10-2021: Most of the levels will remains the same as per previous setup. 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:KOTAKBANK
by Trading_hawk
KOTAK BANK : BullishEvery impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are – 1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1. 2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one. 3. Wave 4 never intervene into the price territory of the wave 1. The stock can be considered in its 4th wave & is about to complete the 4th wave very soon. One should go long on current levels with SL of 1826 & look for the targets of 2170-2200 .
NSE:KOTAKBANKLong
by TradingSutra
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