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Nifty-trading

Indices ignore global cues, end on a bearish noteNIFTY 50 EOD ANALYSIS 29-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17055.80 H 17160.70 L 16782.40 C 17053.95 EOD +27.60 points / +0.16% India VIX 20.83 SGX Nifty 29-11-21 @ 1900h = -46 points FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Taking strong global cues in to account, Nifty opened with a mild gap up and as usual immediately sold off as FIIs were net sellers on 26 Nov. It evinced buying interest around 16780 and made a smart recovery and hit the first resistance at 17100 and then retraced a bit and then again at 17160 and then fell yet again after being sideways for a long time. It barely managed to end above 26 Nov close by a few points as a token of respect to the global cues. Nifty has thus made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 65 Top 5 Draggers contributed = 30 Net = +35 POSITIVES Nifty managed to close in green is the first positive. Some of the leading scrips - Reliance, HDFC Bank, Kotak Bank, TCS, and Bajaj Finance were the leaders today. This is a good mix of Reliance, Banking & Finance, and IT. Bank Nifty bounced back up from its 200 DMA which is a good sign even though it ended in the red. In the process, it also held above its 50 Weekly MA. NEGATIVES Bank Nifty underperformed Nifty on account selling pressure in ICICI Bank and Axis Bank. HDFC remained under selling pressure today as well. The global cues are positive and yet the indices ended this way is not a good sign. TRADING RANGE FOR 30 NOV 21 Nifty Support = 16500-16700 Nifty Resistance = 17100 and above until 17500 is taken out on closing basis. Bank Nifty Support = 35000-35200 Bank Nifty Resistance = 36000-36200-500-800 INSIGHTS / OBSERVATIONS I find it a bit strange that a one liner from a South African medical agency stating the variant is just a sound alert and anot an alarm has made the global markets so much positive. I am neither a market maker nor a medical pro so I am confused with this one liner exactly like how the Bulls of the Indian stock markets are. Despite the global markets being positive, somehow our market participants could see what is not visible to the world as re Covid variant is concerned. A dismal EOD performance is indicative of the underlying bearish tone of the markets. Nifty could end in the green only because of Reliance as its contribution is 21 points. This also explains what may happen tomorrow if our Indices choose to ignore the global cues tomorrow as well. What do you feel about this? Thank you, and Happy Money Making! Umesh 29-11--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
Selling pressure intensifies as Indices slide easilyNIFTY 50 EOD ANALYSIS 11-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17967.45 H 17971.35 L 17798.20 C 17873.60 EOD - -143.60 points / -0.15% India VIX = I am now dropping this from the analysis as it is not reflecting the reality. SGX Nifty 11-11-21 @ 1925h = +13 points FII DII = -1100+ Crores CHART BASED CONCLUSIONS using 5 Minutes Chart What began as a minor gap-down opening, ended up as a 200+ points fall in Nifty and at one stage it appeared that 17830-50 is going to be a big ask! Relentless selling till 1030h in Nifty was paused when there were a few attempts to lift it above 17880 but those failed miserably and finally, expiry push may have propelled it up to the closing point. Bank Nifty was even more relentless as it crawled up only in the last 90 minutes. The indices have breached what appeared to be a good set of support levels. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 62 Net = -48 POSITIVES To write something here today is a test of Optimism! Reliance managed to end non-negative and remained restrained to mildly positive and that is what helped Nifty regain sanity. IndusInd Bank of the Bank Nifty pack ended as a nonnegative scrip. NEGATIVES Bank Nifty key supports were around 38800 and 38600 and these were easily pierced and it went down to test 38350 area. This is a cause of concern as it did not find enough buyers around the level and possibly only due to expiry day pressure helped it lift above 38500. It is red all over the indices so it is a sign of caution for now. TRADING RANGE FOR 11-12 November 2021 Nifty Support 17800-17900 now revised to 17700-800 Nifty resistance 17900-50-18000. Bank Nifty Support 38000-200-400 Bank Nifty Resistance 38600-800-39000 INSIGHTS / OBSERVATIONS Well-coordinated and managed index movements is now becoming frequent. Here is my tweet to that effect: HDFC close for 10 Nov was 2945 and it had breached 2900 yesterday as well. Today also, it made a low of 2885, went up to 2920+ but then fell again and finally closed above 2900. In my view, HDFC, ICICI Bank & Reliance may hold the key for tomorrow . FIIs have kept the “Sell” button depressed leading to depression in prices and indices! What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 11-11--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
Nifty gaps up, tanks & then rebounds in styleNIFTY 50 EOD ANALYSIS 08-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 18040.20 H 18087.80 L 17836.10 C 18068.55 EOD - +151.75 points / +0.85% India VIX = 16.34 / +3.62% SGX Nifty 08-11-21 @ 1845h = +23 points FII DII = +1051 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a good gap up and then in the typical style sold off in 10 minutes and was down 200+ points. It then struggled till about noon and thereafter, made a strong bounce back and closed the day below the day high. Nifty has made a very strong hammer pattern candle on the daily charts and looks as if it may well break the 20 DMA. Nifty was however let down by Bank Nifty as the latter was beaten down comprehensively on an intraday basis. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 94 Top 5 Draggers contributed = 38 Net = 56 POSITIVES Nifty ended above 18050. Nifty made a strong recovery from the lows around 17830+ and that was a strong recovery indicating good buying support for Nifty around the level. HDFC, Kotak Bank, and Infosys played a pivotal role in placing Nifty above 18000+. NEGATIVES Bank Nifty was beaten down on account of IndusInd Bank, ICICI Bank, and Bandhan Bank turning negative. IndusInd in particular was down 10% which impacted the overall sentiment. FIIs are still net sellers of 800+ Crores which means there is likely to be selling pressure tomorrow as well. TRADING RANGE FOR 9-12 November 2021 Nifty Support 17600-17700 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS I am wondering how much of gains is FIIs banking as they keep selling relentlessly. Clearly, there is something that is being done in a planned manner that is not coming out in the open and no one seems to be talking about the same. Have FIIs become irrelevant? The spreads in Bank Nifty, in particular, were very wide and the basis, the difference between the future and the spot was also fluctuating. Even though Nifty has shot up, Vix has also gone up but this may be on account of heavy selling in Bank Nifty. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 08-11--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
EFT BASED INVESTINGHello Readers! As of EOD 01-10-2021, the indices ended in a good amount of Red and there is some sort of pessimism set in from the posts, messages that I have been reading and watching. People have started calling for downward levels citing DXY and global issues and whatnot. As a trader/investor, I feel that the greater the pessimism and such pessimism is confirmed by a downward price move, the better it is. The reason is very simple - We are not in a sorry state as we were in March-April 2020. So any dip may only be seen as a buying opportunity as indices eventually would go up. The problem occurs when one is trading in derivates where MTM losses have to be settled with the exchange via the broker and that is where the pain comes. However, if one buys quality scrips during such dips, those would go up if not in line with the markets at least in line with the sectoral trend. But again, which stock to pick may be an issue as either these are already hanging in the air or are nowhere near fundamental/technical levels to initiate a buy. So I thought of doing a check on the NIFTY as well as BANK NIFTY ETFs - where I already have some holdings invested at lower levels. I was quite pleased with what I ended up working out and therefore, thought of sharing the same with you folks. In fact, just before recording this video, I was talking to a friend and I explained to him what I have explained in the video and he was quite interested in placing the order next week. Now, I am not a SEBI regd analyst / advisor, but my view is medium to long term as eventually, over a period of time indices tend to achieve higher highs and that is why I thought of this approach to investing. Please let me know what do you think about it. Based on where NIFTY trades on 4-10-21, I may invest part of my funds into both the approaches that I have shared in the video. Happy Learniing, Investing & Money Making! Umesh 2-10-21
NSE:BANKNIFTYLong
by AVENUESOFINVESTMENT
#BANKNIFTY Short Term Positional View 13-17th Sep#BANKNIFTY Short Term Positional View 13-17th Sep BankNifty is closing at 36,683, this is the first time in the last 18 months we have back-to-back two weekly closings above 36,000. This week was more of consolidation after breakout due to a truncated week with low volume. Last two weeks closing:- As per the data points, 36,000 areas will continue to be a demand zone. Date Price Open High Low - Volume Chg% Sep 05, 2021 36,683.20 36,818.55 36,912.90 36,155.45 175.84M -0.21% Aug 29, 2021 36,761.15 35,781.05 37,140.00 35,721.90 816.66M 3.18% On Daily timeframe, the closing price is above 5,10,20,50 DMA ( 36,654/36,507/36,088/35,587), trend & momentum oscillators are in buy mode and the majority of pivot points are placed around 36,672 (near our closing price). To sum up data points, we are bullish. On hourly chart pole & flag pattern, again bullish. That's what I read from the chart, dil bola short but brains say stay long. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
7
Nifty Analyis - Trading in a narrow rangeHello Everyone, Nifty is trading in a range & observe nifty to break either side on the green lines marked for further taking any trade decision. Upper end 16401 & lower end at 15990. if Nifty breaks either sides we can expect a sharp move which can fetch us 90-100 points during intraday itself. Bank Nifty Analysis also updated for the day and moving in a range. Options Data for Nifty is positive and single largest put side OI seen highest at 16300. For Educational Purpose Only.
NSE:NIFTY
by ssveducation
2