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NIFTY respects global cues, ends below 17400NIFTY 50 EOD ANALYSIS -20-09-21 IN SUMMARY O / H / L / C 17443.85 / 17622.75 / 17361.85 / 17396.9 H-L = 261 points VIX 17.49 / +14.84% FII DII: -1534 Crores SGX NIFTY at 1940h - 17427 +54 points Likely open: Flat to mild positive. A lot depends on how the US markets end. CHART BASED CONCLUSIONS - 15 Minutes Chart A gap-down straight to the FIB support level and then the index rallied to cross 17600, however, that was short-lived as just before noon, the sell-off commenced and it never looked back. The relief rally may have been caused by short-covering from last week’s charts and mainly driven by the index heavyweights. NIFTY by EOD was down almost 400 points from the ATH level and it now seems to be a thing of the past. The day low was 17361 so the bounce was more of a technical in nature to end just below 17400. Wait and watch for now. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters HUL 12 BAJAJ FINSERV 05 ITC 05 NESTLE 02 HCL TECH 02 TOTAL 26 The Draggers HDFC 28 JSW STEEL 22 TATA STEEL 19 HDFC BANK 19 ICICI BANK 12 TOTAL 100 Lifter - Draggers = -74 POSITIVES FMCG saved the day and RELIANCE also stood firm although it came down from the day high level but closed above 2380 which is where it is finding huge volatility. There is hardly any other positive seen today as NIFTY was plagued by the very weak global cues. NEGATIVES In a matter of just over 1 session, BANK NIFTY has fallen more than 1000 points from its ATH high of 38112. This impacted NIFTY in a huge manner and logically, it may have alone contributed 275-300 points fall in NIFTY. There is no dearth of negatives today so not writing anything here as the list may become far too long. TRADING RANGE FOR 21-09-21 17300-17350 was the support line and frankly, I did not expect it to be visited so soon. I am not sure what the level on the upside would be as NIFTY may keep taking resistances where the earlier supports were seen and at all-around numbers. On the downside, 17200-250 may be the last line before the situation becomes ugly. BANK NIFTY supports now stand at 36600-800-37000 and resistances at earlier supports. INSIGHTS / OBSERVATIONS VIS shot up to 17.49 which is way above the recent levels and the selling pressure is causing this spike in VIX. Despite severe selling pressure, KOTAK BANK held on to 2000 levels for the day. How it plays out tomorrow would decide what is the extent of strength in it. Whenever there is a huge down move, it takes time for NSE to update FII / DII numbers. I am not sure why does it happen only in respect of down moves? Buy & Sell are just numbers so are they double-checking what is getting reported in a down move? What do you feel about this? Thank you, and Happy Money Making! Umesh 19-09-21 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
Maruti Suzuki Trend AnalysisHi All,Nishant Bardoloi here. I am a full time Musician,Architect & a Trader.Here is my analysis of Maruti Suzuki. This is how I am predicting the move of Maruti Suzuki in the coming days & Months. Target 8k in the coming months as auto sector will start reviving once lockdown is lifted. I am bullish on Maruti Suzuki. Important** This is not a trade recommendation.Buy at your own risk. Please Respect your Stop Losses. Only for educational purpose. Thank you & happy trading :)
NSE:MARUTILong
by iamnoob321
The limit lines of MarketMARKETS ARE HIGH AS A KITE : Historically, this acts as strong resistance for markets. Markets tend to reach this point when there is too much optimism around. This is the most dangerous level for investors in the market. Retail investors are extremely greedy here. Expect a bubble to burst soon. CRITICALLY HIGH : At this line, the markets are relatively too expensive and can show consolidation. Investors should show caution and stay fearful. MID LINE: Markets will oscillate above and below this line quite often. This line is a regular market trend. CRITICALLY LOW: With good hopes and optimism around, markets will stop consolidation over here. This is where we should be greedy. MARKETS ANNIHILATED: In 20 years' history, markets have reached this line only once. This is an extreme line and takes it as a lottery ticket. Prices extremely rarely will consolidate to this line, but when it does it might be the best time to invest in your lifetime. *This is a log graph of 20 years. Markets are never linear, they change in percentages relative to the last price which is not linear.*
NSE:NIFTYEducation
by WizSmash
3
Stocks too hot before summer - trend line broken, lower supportsOn a weekly chart, for context, you will see how much Nifty has risen since 2018. Here with changing interest rate and economic recovery conditions around the globe, Nifty wants to cool off. Nifty just broke support trend (white line), and I have marked three lower support levels (dashed lines). Also RSI is below 50 again. If it gets below 33.33 that is a strong bearish signal. I recently included Nifty in a comparison of market performance, and Nifty was highest, while only China had turned lower. China might be leading here, which means India and US markets should be going lower (see linked chart).
NSE:NIFTYShort
by OptionsRising
BTC/USD: Focus on spot market volumeBitcoin's recent leg higher from $30K to $48K is accompanied by falling volumes (falling trendline on volume chart) on Coinbase, which is considered synonymous with institutions and high net worth individuals/entities. As such, it looks to be a leverage-driven rally, which makes BTC vulnerable to overheating of funding rates (cost of holding longs). Unless spot market volumes pick up, BTC now looks set for a pullback to 42K. I dont need to say that it will be a buying opportunity for long-term investors.
COINBASE:BTCUSD
by OmiFX8
NIFTY IS PLANING TO TRAP BEARS IN NEXT WEEK SEE HOW ?NSE:NIFTY Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that will be created. I am expecting two leg move in up direction. Entry point for long is shown in fig. perhaps monday onwards for time being nifty is going to range bound for day or two. With trend pullback is expected that will trap all bears so no positional trades till price come to lower green trend channel line. In range bound trades one should be skilled enough to trade either sides with small pr booking. nity is in phase of re- accumulation after traping bears soon will convert into re-distrubution phase. so I do not expect nity can take out upper band of green channel in future. keep in mind the structure in white for next week. Rest market will decide. yogesh vats
NSE:NIFTY
by yvatsji
26
CREATING DEPTH IN ANALYSIS IS A WIN-WIN SITUATION SEE HOW?HOW I TRADED IN BNF TODAY WITH YESTERDAY PLANING \ 1. AS YESTERDAY I TOLD YOU DID NOT CARRY ANY POSITION IN EITHER SIDES . THE OPENING OF MARKET GIVES THIS ANSWER WHY? YOU ALL KNOW IN MORNING SGX NITY WAS ALMOST 65 PTS UP INSPITE OF THAT BNF OPENED 331PTS DOWN FROM PREVOIUS DAY HIGH .I WAS EXPECTING SUCH THING IN PRICE STRUCTURE THAT IS WHY DID NOT CARRY. TO PROVE MY POINT I GAVE YOU RED COLOR SMALL LINE AND CLEARLY MENTIONED WITH GRREN TREND LINE. THAT IF GREEN TREND LINE IS BROKEN AND PRICE DO NOT RECOVER IN FIRST 15 MIN THEN TREND WILL CHANGE. RED LINE IS BREACHED AND PRICE DO NOT RECOVER IN 30 MINS THEN GET READY TO SEE RANGE BOUND TRADE. SEE PRICE OPENED GAP DOWN AND RECOVERED IN FIRST 5 MIN MARKED IN PINK CIRCLE. A RED COLOR ARROW WAS SHOWN TO RED COLOR ZONE AND TOLD YOU IF THESE CONDITION WERE SATISFIED THEN UPPER BAND OF RED ZONE WAS PLACE WHERE ALL POSITIONS SHOULD BE SQUARE OFF. YOU CAN CHECK AGAIN YESTERDAY POST. SEE EXACT WHITE CIRCLE CANDLE TOUCHED UPPERBAND AND PRICE GOT BIG REJECTION. EVERYDAY CHECK MY PREVIOUS POSTS WHATEVER IS MANIFESTED ONE DAY IN ADVANCE AS MY PLANING TO TRADE NEXT DAY SAME HAPPENS. THIS IS WHAT THE DEPTH OF ANALYISIS WHICH I WOULD LIKE ALL STRUGGLING TRADERS TO LEARN FROM MY POSTS. 2. NOW COME TO TRADING SEE WHOLE DAY STUCTURE WAS LITTLE SCARY SO AFTER THE WAIT OF 4 CANDLES WHEN 5 TH CANDLE TOOK SUPPORT ON TREND LINE I GOT CONFIDENT THAT A MOVE WILL COME. THERE I TOOK MY FIRST POSITION AFTER SUCH LONG WAIT AND BOOKED NEAR UPPER BAND OF RED ZONE INFACT GIVEN TWO WEEKS AGO. YOU CAN CONFIRM FROM MY PREVIOUS POSTS OF THAT PRRIOD. YOU ALL HAVE NOTICED ZONES I PROVIDE WORK FANTASTICALLY IN TRADING EVERY DAY. PLAN FOR NEXT DAY TRADING 1. TODAY ALSO DID NOT CARRY ANY POSITIONS. BNF IS IN IMPULSIVE WAVE SHOWED YOU YESTERDAY. UNTILL AND UNLESS TRENDLINE IS TAKEN OUT, MEANS CAN BREACH BUT SHOULD RECOVER IN 15 MINS TILL THEN THIS WAVE IS INTACT. CAN SEE NEW HIGH . ON THE CONTRARY PRICE DO NOT RECOVER THEN TREND WILL CHANGE TO RANGE BOUND TRADE. 2. FOR RANGE BOUND TRADE ,RANGE IS ALREADY SHOWN. IT IS VERY TRICKY TO TRADE IN RANGE BOUND MARKET .SO I WILL WAIT FOR PRICE TO COME NEAR BLUE TREND LINE THERE I WILL FIND LONG SETUP FOR THE TARGET OF UPPER RANGE LOWER BAND OF RED ZONE.TWO STRUCTURES SHOWED IN FIG BNF WILL FOLLOW ANY OF TWO. LET THE TRADE CONIRM THE STRUCTURE THEN FIND THAT SIDE ENTRY WITH SL. YOU HAVE NOTICED TODAY WHEN RED COLOR ARROW DIRECTION GOT CONFRIMED ONLY THEN I TOOK LONG AFTER LONG WAIT. REMEMBER TO CREATE DEPTH IN ANALYIS IS 24/7 PROCESS NEEDS DEDICATION ,HARD WORK AND PATIENCE. ROME WAS NOT BUILD IN ONE DAY. REST MARKET WILL DECIDE IT IS SUPREME . BUT I LIKE TO MAINTAIN MY STRIKE RATE. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
4
MANIESTED THE MOVE OF BNF FOR COMING DAYS FOLLOW IT !!I SHARE MY TRADING PLAN PRIOR ONE DAY OF TRADING SESSION WITH HIGH PROBABLITIES OF MANIFESTATION IN SAME DIRECTION. TODAY ALSO TRIED TO SEE THE MOVE OF BANK NITY IN ADVANCE FOR COMING DAYS WITH NEAR SUPPORT AND RESISTANCE . GENERALLY I DO NOT SHARE THIS BECAUSE IT IS TOO SUBTLE TO UNDERSTAND . PEOPLE ARE MORE INTRESTED ONLY IN DIRECTION AND TARGET RATHER THEN TO UNDERSTAND PSYCHOLOGY OF INSTITUTIONS, DSI, FSI. WITHOUT UNDERSTANDING OF PREVAILING PHASE OF MARKET ONE CANNOT TIME ONE'S TRADE. TRADING IS THE GAME OF PATIENCE , DIRECTION & TIMING. IN LONGER PERSPECTIVE MARKET IS IN ACCUMULATION PHASE IN MEDIUM IT IS IN RE-DISTRIBUTION PHASE, WHERE SELLERS ARE BALANCING MARKET BY CREATING SELL ORDERS TO FILL THEIR WARE HOUSES. WHEN THEY WILL FINISH ALL BUYING IN MARKET AT THAT PHASE , A NEW DOWN RALLY WILL START. INFACT THEY ARE FULFILLING TWO MOTIVES. AT HIGH THEY ARE SELLING AND FRUSTRATING BUYERS TO KEEP THEM IN RANRE BOUND TRADES. A POINT WILL REACH WHEN THEY WILL TEST THE DEMAND AND THEN START NEW PHASE OF SELLING. THIS IS HALF PROCESS OF COMPLETE CYCLE. RIGHT NOW HOW MARKET WILL BEHAVE IN FUTURE I SHOWED IN WAVE STRUCTURES . SEE CAREFULLY. I NEVER CLAIM I UNDERSTOOD MARKET COMPLETELY . IT IS FAR BEYOND MY LITTLE KNOWLEDGE. BUT I TRY TO MAINTAIN MY STRIKE RATE IN FORM OF DIRECTION AND TIMING. THAT I HAVE BEEN SHOWING FOR LAST ONE AND HALF MONTH. REST MARKET WILL DECIDE. yogesh vats
NSE:BANKNIFTYLong
by yvatsji
1
HOW NIFTY WILL BEHAVE IN NEXT WEEK SEE COMPLETE ANALYSYSLAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE SHOULD WAIT OR PRICE TO COME NEAR WHITE SUPPORT LINE TO FIND BUYING SETUP. ONLY THEN RE-ENTER IN LONG. IN ANY CASE WHITE SUPPORT IS BREACHED THEN DOWN SENTIMENTS WILL FLOW . ONE HAS TO FIND ENTRY IN DOWN SIDE. SINCE CANDLES IN YELLOW CIRCLE ARE IN CORRECTIVE STRUCTURE SO CAN POSSIBLE MARKET TEST GREEN CHANNEL LINE THEN START MOMENTIUM IN UP SIDE. NEXT WEEK SHOULD BE BULLISH . FIRST TARGET IS LOWER END OF WHITE RESISTANCE ZONE. THE CANDLE MADE ON FRIDAY ,IF THE HIGHT OF THIS CANDLT IS BHREACHED THEN LONG SHOULD BE TAKEN. WITH THE SL OF MONDAY LOW. FOR SHORT ENTRY THE LOW PREVIOUS CANDLE IS BREACHED AND RED SUPPORT IS ALSO BREACHED THEN HIGH OF MONDAY CANDLE WILL BE SL TO WXECUTE SHOETS. IN MY POST I DISCUSS ALL ENTRIES WITH SPECIIC CONDITIONS THAT SHOULD BE STRICTLY FOLLWED . TRADING IS A GAME OF PROBABILITY . MARKET HAS POTENTIAL TO CHANGE ITS SENTIMENTS ANY TIME. IT IS THE GAME OF DIRECTION PLUS TIMING. REST MARKET WILL DECIDE.
NSE:NIFTY
by yvatsji