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90 minutes of FTSE backed sell-off spoils the recovery actNIFTY 50 EOD ANALYSIS 27-10-21 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. The Insights & Observations section carries links to my tweets that were posted during the day related to what I could gather from the markets. O 18295.85 H 18342.05 L 18167.90 C 18210.95 EOD - -57.45 points / -0.31% India VIX = 16.83 / +0.47% SGX Nifty 26-10-21 1845h = +9 points FII DII = -1441 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty made a higher high and a higher low. Thanks to the weighted average method, Nifty managed to close above 18200. Nifty is highly vulnerable above 18300-325 band and that is triggering intense selling pressure usually after 1400h. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 36 Top 5 Draggers contributed = 83 Net = -47 POSITIVES Nifty could stretch the day high to 18342. Infosys has managed to bounce back and it is only on account of it that Nifty could hold on to the intense selling pressure. SBIN has been weathering the selling pressure well as it gets ready to receive its Q2 results next week. NEGATIVES Axis Bank fell 6%+ and that is what triggered others as well to become nervous. Reliance was looking good but came under intense pressure in the last hour or so. TCS remains subdued despite Infosys taking the lead in bouncing back. Bank Nifty ended well below 41000. TRADING RANGE FOR 28 October 2021 Nifty 17900-950 area is the support base and 18250-300-350-400 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 insights now come in the form of tweets however Tradingview has not yet permitted me to post links to tweets or videos so I request you to visit my Twitter page or best follow me on Twitter to get updates as and when posted. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 27-10-21 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
And at last, Nifty ends the day above 17800!NIFTY 50 EOD ANALYSIS -05-10-21 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 17661.35 H 17833.45 L 17640.90 C 17822.30 EOD +131.05 points / +0.74% CHART BASED CONCLUSIONS using 5 Minutes Chart And finally, Nifty ended the day above 17800, registered a new ATH as well as a new ATH close. Nifty opened mildly gap-down and went into consolidation until FTSE opened and when it was trading in the green, Nifty started seeing traction and the resistance around 17715 was broken with a big candle on a 5-minute chart. And then there was no stopping Nifty as it scaled newer heights with ease. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 72 Top 5 Draggers contributed = 17 POSITIVES Nifty made a new ATH and also closed at a new ATH. Reliance ended above 2600 which is another ATH for the scrip and one of the main drivers for the rally in Nifty. Bank Nifty was showing signs of weakness in the AM session but the PM session saw Bank Nifty recovering in a smart manner. India VIX fell again indicating a lower probability of a big and wild swing. Hdfc twins ended in the green though they moved in a narrow range. NEGATIVES Icici Bank and Kotak Bank were responsible for not letting Bank Nifty freely. Bank Nifty underperformed to Nifty due to the above. Infosys could not close above 1700 and as long as it trades below the level, it has the tendency to drift towards 1660 which is likely to put pressure on Nifty. TRADING RANGE FOR 6-10-21 Nifty 17600-650 is now the new support line and resistances would be at 17850-900-950. Bank Nifty Support = 37200-400 Resistance 37800-38000-38200. INSIGHTS / OBSERVATIONS Why do we feel happy whenever an index or a scrip hits a new ATH and or ends at a new ATH? It is the positivity factor - it releases a great deal of positivity which is required by traders/investors who have put in their hard-earned money in the markets either to make a living out of it and or to create wealth. Bank Nifty was not in its elements - this is the key for any further upside in Nifty. If it plays the catch-up game, Nifty may be able to hit 18000 during this week itself. Such is the power of Bank Nifty! What do you feel about this? Thank you, and Happy Money Making! Umesh 5-10-21 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:RELIANCELong
by AVENUESOFINVESTMENT
1
L&T May Give Breakout..this Time 1750++++As we can see here its forming S ymmetrical Triangle which high probability of Bullish Breakout ..... Second Reason i choose this stock becuse of how the false breakdown happend and after that sharpe recovry... and took Support FROM 50 EMA Now if it break the trendline and sustain above its resistance then we will initiate BUY Buy Above - 1700 (Closing Basis) Target - 1720 / 1730 /1740. SL - AS PER OWN RISK. NEXT WEEK NIFTY REALITY SECTOR WILL PERFORM.
NSE:LTLong
by Darshaann
1
NIFTY ends the week on a high note at 16705NIFTY 50 EOD ANALYSIS -27-08-21 IN SUMMARY O / H / L / C 16642.55 / 16722.05 / 16565.7 / 16705.2 H-L = 157 points VIX 13.41 / -0.96% FII DII: +868 Crores Likely open: Positive but may get sold into and then recovery is likely. CHART BASED CONCLUSIONS NIFTY not only ended the day but also the week at a record high of 16705.2. It has made a higher high, highest close but with a lower high. After a flat sort of opening, it was sold in to and then rose sharply and after clearing 16650, it kept climbing gradually through the day. On the daily as well as the weekly charts, NIFTY has formed nice bullish candles rejecting the lower levels around 16550-600. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters TCS 09 LT 09 BAJAJ FINSERV 07 SBI LIFE 06 HDFC 05 TOTAL 36 The Draggers INFOSYS 12 HDFC BANK 05 RELIANCE 02 NESTLE 02 M&M 01 TOTAL 19 Lifter - Draggers = +17 The above indicates that a larger base of scrips in the NIFTY family helped it pass the ATH level and close also at a new ATH. POSITIVES NIFTY ended the day as well as the week at a new ATH and above 16700. DIIs have bought significantly at ATH which is a big plus indicating that there is good upside potential in-store in the coming weeks/months. VIX has cooled down. 39/50 scrips ended in the green. MARUTI which had been falling consistently ended in a minor positive. This could have a sentimental impact on the other sectoral scrips as well. NEGATIVES INFOSYS is showing signs of fatigue in the short term. RELIANCE as well appears to be losing momentum as it approaches the resistance area around 2250. BANK NIFTY continues to underperform. TRADING RANGE FOR W/B 30-8-21 The Nifty baseline moves up to 16500-550. The resistances are not known for now. BANK NIFTY support base also slides to 35000-35200 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS The new SEBI regulations re no leverage come into force from 01 Sep and this could have an impact on Options pricing as more traders may switch to Options from EQUITY intraday trading as the margin benefit gets reduced. UPSTOX has delayed intraday EQ profit credit from T+1 days to T+2 days to prevent a potential margin shortfall and resultant penalty. If others also follow suit, this could create more pressure on the intraday EQ-only traders to move to Options. Even when NIFTY is at a new ATH, several scrips look beaten down and far from their ATH. This could be a double-edged sword for the scrips as well as for NIFTY. The key to further upside in NIFTY is held by RELIANCE, HDFC twins, and BANK NIFTY, which has been under pressure for a long time. What do you feel? Thank you, and Happy Money Making! Umesh 29-8-21 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
positional & Intraday Trade: breakout and pullback done.buy above 1650 for positional and Intraday for positional keep stoploss below 1550 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:LTLong
by stockkar