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Moving Averages

Nifty weekly expiry analysis for 18.01.24.A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down. The closing is ,below 20 SMA and EMA, around the day low. MAJOR SUPPORT :- 21500 If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280. Nifty is 2% down while banknifty is more than 4%. Tomorrow is the weekly expiry keep targets and SL tight. VIX is up by 11% which means option premiums will be high. Target levels :- 21365, 21280 Either it will go for another dip or it will halt in case of gap up opening (minimal chances). Avoid entering any bullish trade for intraday. Price action is the key. Keep it in watch.
NSE:NIFTYShort
by TheMamboMomentum
Huge selling in Banknifty. Analysis for 18/01/24.Single day fall of 2k points in banknifty is showing a bearish sentiments. A break out of the consolidaiton box is confirmed. Now the market is standing at 46050 and a clear support of 46k can be seen. If 46k levels is gone another day of selling may be there. Major support :- 46000, 45650 Market closing below the 20 ema and near to day low. Watch market price action for 1 hour as after a huge selling overnight positions will be initiated and in the first 15 minutes there will be profit booking, in case of gap down opening. Avoid bullish trades for tomorrow. The banking sector is down because of the HDFC bank single handed fell 8%, almost 150 points lower. Gap up will create confusion. In this case avoid trading. Wait and watch price action.
NSE:BANKNIFTYShort
by TheMamboMomentum
4
NYKAA - FUNDAMENTAL AND TECHNICAL PICKOn Occassion of Diwali my educational pick basis fundamental and technical will be Nykaa NSE:NYKAA On technical front Price Crosses Moving Average (50-week) After down trend price in consolidation mode making HH and HL Bullish Momentum - Above Short, Medium and Long Term Moving Averages Outperformer - FSN E-Commerce Ventures Nykaa up by 1.32% v/s NIFTY 50 down by -1.34% in last 1 month RSI indicating price strength On fundamental front Company consistently making profits recent earnings show strength Company with low Debt Company able to meet its working capital requirments Growth in Net Profit with increasing Profit Margin (QoQ) Increasing Revenue every quarter for the past 2 quarters Increasing profits every quarter for the past 2 quarters Shareholding pattern Number of FII/FPI investors increased from 227 to 230 in Sep 2023 qtr. Institutional Investors have increased holdings from 21.62% to 24.15% in Sep 2023 qtr. Mutual Funds have increased holdings from 8.50% to 10.62% in Sep 2023 qtr. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:NYKAA
by hardeepssethi
3
MRPL; for short term and intradayHuge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement daily candle to close above - "95" . . If you are interested in investment, go for it with proper risk, . . Overall " MRPL" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer over old posted idea attached below.
NSE:MRPLLong
by TheNuraTrading
2
FinNifty weekly expiry intraday levels for 09/01/24.FinNifty has closed 220 point lower before the expiry and it can remain in the bearish mood as the daily close just. It has been respecting a support line and is around the daily 20 ema. Major support levels :- 21230, 21175, 21000-50 Resistance :- 21380, 21450 RSI on the daily charts is showing a bearish divergence and there are chance of a trend expiry tomorrow. All the indices are moving in sychronously and after testing the new ATH it has not retraced. Wait for the break down of the support line and fromation of price action near the levels.
NSE:CNXFINANCE
by TheMamboMomentum
Banknifty weekly expiry levels for 10/01/24.Banknifty has given fall in the second half and fell almost 700 points from the day high. Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation. It is taking support from 200 hourly ema and closed 200 points lower. Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels. Major support :- 47150, 4920 Resistance :- 47450, 47860 If there is a consolidation on the levels and gives a break down good points can be capture, else it can take a halt after a 2 days fall. Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum