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MARUTI

Nifty expires Aug series on a flat note NIFTY 50 EOD ANALYSIS -26-08-21 IN SUMMARY O / H / L / C 16627.95 / 16683.7 / 16603.7 / 16636.9 H-L = 80 points VIX 13.54 / -0.3% FII DII: -919 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS On a closing basis, Nifty expired the series on a flat note. Nifty made a lower high and a lower low. The trading range for the day has been reducing over the last few sessions. This may indicate either a breakout or a break-down. Yet another indecisive Doji made by Nifty on the daily charts. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters RELIANCE 03 ICICI BANK 02 HDFC LIFE 02 BRITANNIA 01 HUL 01 TOTAL 09 The Draggers BHARTI AIRTEL 01 JSW STEEL 01 INFOSYS 01 SBI 01 ITC 01 TOTAL 05 Lifter - Draggers = +05 The above clearly explains why Nifty ended almost flat. It seems all the scrips were too tired or too cautious to move either way. POSITIVES NIFTY ended the series on a very mild positive note. RELIANCE and ICICI BANK helped Nifty stay grounded above 16600. HDFC twins have also maintained sanity for the indices to close on a flat note. DIIs have bought in excess of 1,000 Crores so overall the trend is likely to be up. NEGATIVES Nifty failed to go anywhere near 16700. It made a lower low. FIIs are still in Sell mode with 1900+ Crores in Sell value. MARUTI has been in the negative mode for quite a few sessions. So either it may touch its FIB around 6400 or it may snap back up. Wait and watch for now. TRADING RANGE FOR 27-8-21 The Nifty baseline moves up to 16500-550. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 35000-35200 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS RELIANCE and ICICI BANK both have moved up by 1%+ and yet their contribution is meager to Nifty. This is puzzling as usually, they make more contributions even with a similar % increase or decrease. I do not know if Bulls managed to bring the Nifty above 16600 or if it was heavy put writing that prevented Nifty from falling further. The close-in indices appear that this has been staged by the Pros. In my view, the expiry was subdued only because of not-so-good global cues. Otherwise, Nifty may have ended above or closer to 16700. What do you feel? Thank you, and Happy Money Making! Umesh 26-8-21 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
Maruti Suzuki Fined 200 Cr by CCI - Gap Down expectedAutomobile sector is already suffering from semiconductor chip shortage in general. The latest 200 Cr Fine by Competition Commission of India on Maruti Suzuki definitely doesnt help the company. I have used Fibonacci Pivot Points to set a target - Take 70% at S2 and Rest 30% at S1, The Stop Loss has been set at the recent high candle. Happy Trading! This is not a Financial Advice, Please consult your Financial Advisor before placing trades.
NSE:MARUTIShort
by Aayush_Rungta
Nifty is Swinging in a highly volatile manner!NIFTY 50 EOD ANALYSIS -10-08-21 IN SUMMARY Open / High / Low / Close 16327.3 / 16338.75 / 16162.55 / 16282.25.10 Trading Range Low to High: 176 points Likely Max Realistic Opportunity @ 50%: 88 points India VIX: 12.71 / 0.0% FII DII activities: +444 Crores CHART BASED CONCLUSIONS Nifty made a lower high and a lower low. Nifty ended almost flat after all the drama that took place during the day. Although the close is flat, the candle formed on the daily chart is a hammer pattern indicating a good bullish sentiment. TOP LOSERS CONTRIBUTING TO NIFTY FALL 5 scrips were responsible for dragging Nifty down by at least 8 points. These were: HDFC BANK ICICI BANK KOTAK BANK HDFC SHREE CEMENTS TOP GAINERS CONTRIBUTING TO NIFTY BEING ABLE TO CLOSE IN GREEN Together these 5 contributed a gain of 9 points: RELIANCE JSW STEEL TATA STEEL BAJAJ FINSERV IOC This clearly explains the reason why Nifty ended flat. POSITIVES Nifty ended above 16250. FII - DII net numbers are positive and both are net buyers for a small amount despite sharp sell-off. RELIANCE stood firm amidst extreme volatility and closed at 2117 after rising in the last half an hour or so. TATA MOTORS made a splendid recovery from a low of 9 points which is almost 3% and that also helped change the sentiment in the auto sector. SBIN ended in the green after the recent sell-off. NEGATIVES 16300++ is a hard level to sustain and looks like RELIANCE also could not take Nifty near 16300 at the close. BANK NIFTY closed below 36000. Leading private banks ended in red and dragged the indices. HDFC BANK closed below 1500. TRADING RANGE FOR W/B 11-8-21 Nifty broad range for the week 16000-16500. As of now, it has not made any significant movement from where one could derive the likely supports and resistances. BANK NIFTY support base at 35200-600 and resistance at 36200-36500. INSIGHT / OBSERVATIONS It was a very volatile day as Nifty fell 176 points from the high and then recovered 120 points making it a a journey of 354 points from the previous close to today;s close. And yet it ended flat. Sector rotation may be ongoing as Nifty falls and the bounces back and charts do not indicate sector rotation unless the sectoral analysis is done as well. Thank you, and Happy Money Making! Umesh 10-8-21 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
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
Nifty builds its first resistance around 16350NIFTY 50 EOD ANALYSIS -05-08-21 IN SUMMARY Open / High / Low / Close 16288.95 / 16349.45 / 16210.3 / 16294.6 Trading Range Low to High: 139 points Likely Max Realistic Opportunity @ 50%: 69.5 points India VIX: 12.87 / --2.57% FII DII activities: +12 Crores CHART BASED CONCLUSIONS Nifty made yet another gap-up opening and yet another ATH close. Another Higher High and Higher Low is a good sign. Interestingly, Nifty has now 2 resistances - 16350 and 16300. Today, expiry pressure may have led it to close below 16300 as well. Tomorrow is RBI policy so till then it is likely to be range bound and then the key point is whether Nifty can close the week above 16300. On daily charts, it has formed a Doji pattern indicating indecisiveness which is understandable in the now not so familiar zone. TOP 3 LOSERS SBI - After declaring a good set of numbers, SBI dragged the indices with a big red candle and it may go down to its 20 DMA which is still a few points away. The good point is that on the decline, the volume is not high as compared to what it was yesterday. INDUSIND BANK - It gas been forming candles of all types and is all over within a range. It would be able to breakout or break down only when this range is broken above 1050 or below 950-60. BAJAJ FINANCE - A scrip that moves in an inconsistent manner, had a big red day as it took resistance from the earlier close and ended the day near the day low. This was preceded by an inverted hammer yesterday so negativity is likely to bring it down to retest 20 DMA which is just a few points away. TOP 3 GAINERS BHARTI AIRTEL - One man’s loss is another man’s gain. This is what sums up its roar today as Kumar Mangalam Birla stepped down as the Chairman of Vodafone Idea. It took the scrip back into the pre-Covid resistance zone and as of now, it has faced the resistance . The volume is good so it may reattempt to cross the line. Wait and watch for now. EICHER MOTORS - It made a strong move after clearing the 20 DMA line and is heading higher. There is something about the scrip that is taking it higher especially when most of the key Auto scrips were suppressed. ITC - The sleeping giant took support from 20 as well as 50 DMA and jumped sharply and is now in the resistance zone yet again with the difference that this time it has good momentum as well as volumes to support so it may well be able to clear the zone in the coming days. POSITIVES ITC, RELIANCE & HDFC BANK performed well today which helped Nifty to stay in the green. HDFC BANK jumped past 1500 level but the expiry trades may have dragged it in the closing minutes. RELIANCE emerged like ITC from the archives but faced its strong resistance and that made the scrip slide back almost 1% from its high of 2154. It along with HDFC BANK now holds the key for the indices. DIIs have matched FIIs selling so the DOJI pattern is explained. NEGATIVES SBI and ICICI BANK underperformed today which dragged Bank Nifty below 36000. FIIs turned net sellers on the 3rd day itself so it appears that they do not seem to be sure about what is in store ahead. HDFC also witnessed some weakness and accompanied by MARUTI and M&M prevented Nifty from closing above 15300-350. TRADING RANGE FOR 0-08-21 As of now, the indices are on the run so I prefer to wait for them to settle down for the week before working on any levels as from hereon till some time, heavyweights could decide which way and how far the indices could be move. INSIGHT / OBSERVATIONS I find it very hard to see that Nifty hit another ATH today and yet several of its key constituents are well below their ATHs and some are struggling to come out of the slumber. I view this as a double-edged sword kind of situation - The good part is - if many heavyweights are still underperforming, Nifty would be able to scale even higher when they start performing. The not-so-good - It means that this rally is driven by a few stocks only and for a market to be stable and upwardly mobile it should have broad market participation. What do you think? Thank you, and Happy Money Making! Umesh 5-8-21 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
Maruti- Intraday Set up 130 MINS 100 EMA @ 7150 SELL IF THE SUPPLY ZONE IS RESPECTED WITH SELLING DIVERGENCE CANDLE. The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. 3) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue Candle: Selling Divergence Yellow Candle: Buying Divergence If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:MARUTIShort
by ReeAishw
MARUTI GOOD bullish formationMaruti spot cmp 7200 Time frame :- 240 mins . Study :- Elliot wave Counter have given reversal from maturity levels of corrective wave 4, now if wave 5 unfolds can give good upmove,,, Rsi have given breakout from falling trend line Macd on verge to give positive crossover,, Hidden bullish divergence seen in both indicators where price making higher low and Indicators making lower low,, FAlling parallel channel formation in wave 4,, once price breakout is confirmed from this parallel channel good short covering can be seen in counter,, Panic low done in price with highest volume in whole swing,, low of the panic selling not broken ,, means follow through selling is missing and all the traders are on one side of the trade ,, no more left to go short in this counter,, now on reversal all will be forced to cover their shorts.. Good bullish formation for the counter
NSE:MARUTILong
by RUDRA007
2
Maruti will go high. (40.38 % delivery today)Maruti P/E 49.36 Sectoral Index P/E 221.12 Maruti Suzuki India Ltd is planning to increase production by 200 cars per day from near month, two people aware of the company’s plans said, as the country’s largest carmaker bets that demand for personal mobility will continue amid the resurgence of the pandemic. The increase in output will take the daily production rate to more than 7,000 cars, the people cited above said on condition of anonymity. Parent Suzuki Motor Corp. has recently added a new assembly line in its Gujarat factory, and production will be increased as a consequence. education purpose.
NSE:MARUTILong
by Mantubora
Nifty Eyeing 15900+ close with a 100+ point bounceNIFTY 50 EOD ANALYSIS -02-08-21 IN SUMMARY Open / High / Low / Close 15874.9 / 15892.9 / 15834.65 / 15885.15 Trading Range Low to High: 58 points Likely Max Realistic Opportunity @ 50%: 29 points India VIX: 12.81 / +0.08% FII DII activities: -34 Crores CHART BASED CONCLUSIONS Once again the opening 5-minute candle had movements that almost covered the grinding moves of the entire day. And yet another close which is around the opening high although for good reasons it is slightly above the opening high. Nifty crawled through the day after opening on a strong note except the usual FII sell-off time of 1400h when it fell 40 odd points but recovered sharply to close at higher levels. Nifty has now made higher highs and higher lows and has taken support above the 20 DMA so that is likely to act as a support going forward. TOP 3 LOSERS UPL - After breaching the 50 DMA on Friday, it fell further as it failed to even breach the earlier close. The RSI on daily charts has fallen significantly and if it does not bounce off from here which is the mini support area, further drop to 745-50 area may be on the cards. TATA STEEL - After a dream run, the scrip encountered profit booking on the 2nd day in running as it failed to retest the Friday high and even breached the low. RSI is still bullish so the overall trend may be intact. BAJAJ FINSERV - Though unrelated to TATA STEEL, it has identical candles and the reading is also similar. TOP 3 GAINERS SHREECEM - An usual candidate for the spot, it has made a good move with volume and momentum after breaching the 50 DMA. It is now right in the resistance zone but the force with which it has risen indicates that it may clear it this time. TITAN - Another infrequent visitor to the spot, it is now back in the resistance zone but the volumes are not high so wait and watch for now. EICHER MOTORS - Yet another infrequent visitor to this club, it has taken support from the mini base and is now heading into the resistance of 20 DMA. It needs to be seen whether it clears or fails to do so. POSITIVES HDFC did not behave in an unruly manner post its results and managed to end the day on the 200 DMA with a spinning top candle with higher volume. This helped Nifty bounce back from the lows. RELIANCE, INFOSYS, TCS, AXISBANK & MARUTI supported Nifty and helped it stay well above the opening low. Nifty has finally managed to clear 15835 with a good distance and it took support from the line as it was the low for the day. NEGATIVES HDFCBANK, ICICIBANK, and KOTAK BANK underperformed yet again. KOTAK BANK appeared to be doing well, but was inspired by the negativity in HDFC BANK and fell from the day high in late trades. Nifty could not even retest 15900 levels and turned around from 15892 which indicates that FIIs are sitting with selling volumes around that level and unless a strong gap-up with momentum is seen on 3-8-21, we may once again be in a range-bound zone. TRADING RANGE FOR 03-08-21 Nifty support, for now, is at 15770-800-835. And resistances every few points. No point mentioning those again and again unless a close above 16000 takes place. BANKNIFTY support range 34400-500 and resistance 34800-35000. Unless there is a break-out or down, the range-bound behavior is likely to continue. INSIGHT / OBSERVATIONS FIIs relentless selling even on a day when Nifty ended +122 points. Today, for a change, DIIs have almost matched their buying with FIIs selling. I am really curious to know how come to these end up so close on many days - of course in the opposite direction? FIIs would have bought in huge quantities over the last several months that they are still selling when Nifty is now 100+ points away from 16000. Thank you, and Happy Money Making! Umesh 2-8-21 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