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What would happen if US markets were non-existent?NIFTY 50 EOD ANALYSIS -07-09-21 IN SUMMARY O / H / L / C 17401.55 / 17436.5 / 17287.00 / 17362.1 H-L = 149 points VIX 14.9 / -0.34% FII DII: -283 Crores Likely open: Flat to positive if BANK NIFTY turns green. Today’s low is crucial for the short term and for the week as this is a short week with only 2 sessions remaining before the week ends. CHART BASED CONCLUSIONS NIFTY crossed 17400 yet again and made a new high at 17436. During the day, it remained very volatile on account of BANK NIFTY and even broke 17300 momentarily and then hit a fresh ATH. However, that was also sold in to and the day ended on a flat note. During the day, NIFTY took support from 200 MA on the 5-minute chart. On the daily charts, NIFTY has formed yet another Doji / Spinning top indicating indecisive approach. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters HDFC 27 RELIANCE 11 BHARTI AIRTEL 06 ITC 04 HDFC BANK 02 TOTAL 50 The Draggers INFOSYS 18 TCS 08 BAJAJ FINANCE 06 ICICI BANK 06 AXIS BANK 06 TOTAL 44 Lifter - Draggers = +06 POSITIVES NIFTY hit a fresh ATH. HDFC made a roaring comeback as a leader and closed above 2800 psycho level. RELIANCE also managed to hold on to the 2400+ levels and closed above the earlier close. HDFC BANK made a good recovery after the morning shake-out and help prevent a further slide in BANK NIFTY. NEGATIVES BANK NIFTY keeps underperforming and is facing the Sell on Rise type of situation. After a smart recovery by INFOSYS yesterday, it almost reversed all the gains impacting TCS as well. NIFTY unable to close in green leave aside above 17400 is not a good sign. FIIs DIIs are both net sellers. TRADING RANGE FOR WB 07-09-21 17000-17200 is the support base. I do not know what the upper levels may be. BANK NIFTY support stays at 36200-400 and resistance at 37000-37200. INSIGHT / OBSERVATIONS Despite HDFC BANK bouncing back 20+ points from the lows, BANK NIFTY ended way below the P Close. This is surprising and possibly indicates how important ICICI BANK and AXIS BANK have become for the index. Amidst pressure from BANK NIFTY, NIFTY could not hold 17300 levels also and dipped for a while and then recovered smartly. I am wondering what would happen if US markets were non-existent? Clearly, in the absence of any clues from the big brother, our indices chose to play safe and ended flat to negative. What do you feel about this? Thank you, and Happy Money Making! Umesh 07-09-21 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
CTS - #NAS100Disclaimer This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
UShort
by CaliforniaTS
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months As I said last weeks...as I told you last week NAS has surpassed the highest position it has ever reached and no one knows how high it can reach ... I will continue to bet on BUY until the first closing even for 1 day under 14120 ... THIS WEEK ... I will continue on my idea from last week and I will continue to bet on BUY until the first closing even for 1 day under 14120! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
OANDA:NAS100USD
by BloomFX_SIGNALS
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months As I said last weeks...NAS100 has reached and even exceeded the historical maximum as I said in recent weeks .... from this area I think he will retest the 13850 area once again and after ... he will look for new limits! Any shutdown even for 1 day over 14120 ... will open a new black hole for the NAS100 THIS WEEK ... as I told you last week NAS has surpassed the highest position it has ever reached and no one knows how high it can reach ... I will continue to bet on BUY until the first closing even for 1 day under 14120 ... NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
OANDA:NAS100USD
by BloomFX_SIGNALS
NAS100!! I want to mention that NAS100 together with GOLD have the highest accuracy in my analyzes in the last 6 months As I said last weeks...as I appreciated last week NAS has started a retracement move ... and even if it goes down a bit around 13140 I will keep looking for BUY! I will give BUY directly and in case of a closure over 13975 for at least 1 day ...as I appreciated last week ... NAS 100 went down and tested the 13140 area from where it rejected very strongly from the Fibonacci 618 area! this week, even if maybe that area will be tested once again, I think it will go up again to area 13853 and from there even higher .... ...as I appreciated NASA100 rejected strongly from the area fibonacci 618 and climbed again strong! my target for the next period is still 13853 and from there ... with a little retracement I think the NAS will continue to climb! THIS WEEK ... NAS100 has reached and even exceeded the historical maximum as I said in recent weeks .... from this area I think he will retest the 13850 area once again and after ... he will look for new limits! Any shutdown even for 1 day over 14120 ... will open a new black hole for the NAS100 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
OANDA:NAS100USD
by BloomFX_SIGNALS
1
IXIC (June 15, 2021) SignalsCould be an end of Bull Run? Indicators are Recommending the Price Action to move Down. IXIC is getting extreme momentum which is too dangerous for Nasdaq at this level. Sudden Increase in Volume, Volatility, Momentum, Liquidity is dangerous for NASAQ health. RSI is Almost at an Overbought level. Stochastic RSI is at Overbought Level. CCI is on its way ahead to crack the overbought level. Extremely Bearish Strength for June 15, 2021. NASDAQ:IXIC Expecting a 53 Points Down from the Opening. Thanks for using your Valuable time. Leave a like which helps me to do better. Follow me for Daily Signals, Get updates on, FOREX, Stocks, INDICES, Crypto, #--CFD's to be expected soon. (Share to your Market Friends)
TVC:IXICShort
by Young-Money
NASDAQ COMPOSITE (Signals) [June 14]IXIC to the Ground IXIC is making a Momentum to maintain the Volatility Candle Stick patterns shows that there are more buyers in the market. Large Body Candles. There are some levels marked in the chart. These levels are considered as Pivot Points and S&R. 14,072 and 14,009 and 14,016 and 14,048. The Crucial Levels for June 14 mark it on your chart. The Overall Strength is Bearish. Expecting a +17 Points Up from the Opening and -39 Points Down from +17 Points. Thanks for using your Valuable time. Leave a like which helps me to do better. Follow me for Daily Signals, Get updates on, FOREX, Stocks, INDICES, Crypto, #--CFD's to be expected soon. (Share to your Market Friends)
NASDAQ:IXICShort
by Young-Money
WILL NASDAQ fall lead to Indian index correction ? NASDAQ after re-testing its ATH countered a profit booking in the last week, Indian markets also remained volatile looking for directions from global markets Now that NASDAQ has broken its trend line, support zone and expected to fall at least for a couple of days, How would Indian markets react the movement of NASDAQ happens outside of Indian trading hours, so any downside in NASDAQ is usually factored as GAP DOWNS or GAP UPS. GAP DOWN expected, and one more GAP DOWN Tomorrow can't be ruled out looking at price action of NASDAQ This is curtailed week for Indian trading, so expect volatility and premiums would be vaporised like anything if you are an option buyer and caught on the wrong side. selling NIFTY OTM CE would be a safer option Trade Safe
NASDAQ:IXICShort
by msk_analysis
1