NIFTY-BANK
BANK NIFTY AND NIFTY LEVELS FOR 3rd NOVEMBERThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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Maverick Trader
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BANKNIFTY Levels for Wednesday !🛑Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 39550
🛑 keys Levels to watch out for day traders
- resistance is at 40050-40150
-with the stop loss of 40000
- we can see target of 40400
- Support Levels is at 39600-39500
- with SL of 39700
- we can see Target of 39200
if you like it ,do follow for more
have a nice day
Good up move after 37675 We can see the trend line breakout and the price has been consolidating after the breakout in the shown range in the chart.
We can expect a good momentum above 37675 , if tomorrow the price opens above the box and sustains in the 5 min candle we can expect a good move and we can consider buying call.
TARGET 37880 & 38000
Swing Trading Opportunities for W/B 27-9-21TRADING WATCHLIST FOR W/B 27-9-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
ON MY WATCHLIST FOR W/B 27-9-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
NIFTY WEEKLY CHART EOD Close 24-9-21 @ 17853.2
ACC
BLUESTAR
DHANUKA
EMAMI
FORCE MOTORS
GM BREWERIES
INOX LEISURE
PAGE IND
PGHH
PHOENIX MILLS
RAYMOND
STR TECH
UDAIPUR CEMENT
CAPRI GLOBAL
BPCL
CIPLA
ONGC
TATA STEEL
ULTRA TECH
ACCELYA
DCW
IDEA
WALCHANDNAGAR
SECTORS LOOKING GOOD FOR LONG POSITIONS-
AUTO
BANK NIFTY
MEDIA
METALS
PRIVATE BANKS
Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
26-9-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
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.
---
Nifty Bank Analysis :- 09-09-2021Hello, Guys Go For Buy Trade Nifty-Bank is on Bullish Trend
Target :- 37037.65 ( Nifty Bank Closing Bell )
STOP-LOSS :- 36716.10
Guys This is R&D ( Research And Development ) Purpose Only.
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
For My Lovely FAN Club
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..