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Nifty50

NIFTY Intraday Trade Setup For 13 Mar 2024NIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 22460 Invalid-Below 22410 T- 22665 Bearish-Below 22250 Invalid-Above 22300 T- 22090 21900 NIFTY has closed on an absolute flat note today. It was trading between Mars and Moon but eventually landed on Earth. Till the time index is trading between the parallel channel in daily TF momentum is going to shrink and filled with random moves. Wait for this pattern either side to get a tradable market with VIX above 15. Tomorrow 22460 and 22250 are important levels for watch out for breakout. If index trades between this range then I will not touch it as directional purpose. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22460 then we will long for the target of 22660. For selling we need a 15 Min candle close below 22250. T- 22090 and 21900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
12 Mar ’24 — 10:43 candle gives me cold shivers!Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.” 4mts chart I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31 GREEN candle surprised me, a quick surge that took Nifty50 up by 134 points ~ 0.6% by 10.15. What followed was even scarier: a fall of 194 points ~ 0.87% by 10.43. A single candle moved 131 points ~ 0.59%. When was the last time you remember seeing Nifty move that much in a single 4-minute candle? We briefly violated the support of 22295 but got back in a quick time. From there on Nifty50 had no more aggressive swings and managed to close flat today. On the higher time frame, the stance continues to remain bullish. As long as 22295 support holds, there is no meaning in revising the stance. One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues. The small caps -1.98% and mid caps -2.55% are bleeding RED, and even some Nifty sub-sectors are also down by quite a bit - Realty -3.71%, PSU Banks -2.57%, media -1.85%, Metals -1.73%. 63mts chart
NSE:NIFTYLong
by viswaram
PATANJALI | Investment Pick📊 DETAILS Sector: Vegetable Oils & Products Mkt Cap: 60,981 cr Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use. TTM PE : 69.68 (High PE) Sector PE : 57.78 Beta : 1.01 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 2.49% away from 52 week high Outperformer - Patanjali Foods up by 5.11% v/s NIFTY 50 up by 3.54% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:PATANJALILong
by Munish_Jain
SPARC | Swing Trade📊 DETAILS Sector: Biotechnology & Medical Research Mkt Cap: 12,847 cr Sun Pharma Advanced Research Company Ltd is engaged in the business of research and development (R&D) of pharmaceutical products. TTM PE : -- (Low PE) Sector PE : 55.17 Beta : 0.80 📚 INSIGHTS Momentum Trap Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet. 6.48% away from 52 week high Outperformer - Sun Pharma Advanced Research Company up by 10.48% v/s NIFTY 50 up by 2.53% in last 1 month 📈 FINANCIALS Piotroski Score of 2/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SPARCLong
by Munish_Jain
NIFTY Intraday Trade Setup For 12 Mar 2024NIFTY Intraday Trade Setup For 12 Mar 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22655 Bearish-Below 22300 Invalid-Above 22350 T- 22090 21900 NIFTY has closed on a bearish note with 0.72% cut today. Sell triggered as per trade setup below 22430 and gave a move till 22310, targets were not achieved although it gave 100+ points gain. Tomorrow 22450 is the key level for a bullish reversal on a flat opening or opening below 22430. In case it opens gap up near 22505 then a sell off can be seen once again. Index has been trading in the parallel channel in daily TF and has been rejected from mid line of that. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22655. For selling we need a 15 Min candle close below 22300. T- 22090 and 21900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty analysis for 12/03/24.Nifty has given a nice break out of the parallel channel and now is retesting it. On the hourly charts, the market seem to consolidate around the support levels. If there is a gap up opening, a bullish trade can be captured in the index once it crosses 22420 levels with the targets of ATH. Major support levels :- 22240, 22170 The market is in a bullish mode and every dip is being bought. Any bullish pattern around the support level can be bought in this scenario. Even the seller are waiting for the market to short, but the sell off today doesn't seem to effect the bullish mode as it was slow and took time to test the lower levels. RSI is showing some bearish divergence as the strenght also need to reset and come up for another bullish move. Major resistance levels :-22420, 22510 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
FinNifty intraday levels for weekly expiry 12/03/24.FinNifty has closed 140 points lower after a consolidation on the higher levels. Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels. It has taken a good support from the support zone around 20830 and closed near the zone. Major support levels :- 20800, 20720 Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half. In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation. Resistanc levels :- 20940, 21030 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
GODFRYPHLP | Positional Trade📊 DETAILS Sector: Cigarettes/Tobacco Mkt Cap: 13,913 cr Godfrey Phillips India is one of the leading FMCG Companies in India - flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India. TTM PE : 17.05 (High PE) Sector PE : 21.89 Beta : 0.60 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 2.67% away from 52 week high Outperformer - Godfrey Phillips India up by 19.31% v/s NIFTY 50 up by 2.48% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:GODFRYPHLPLong
by Munish_Jain
NIFTY Intraday Trade Setup For 11 Mar 2024NIFTY Intraday Trade Setup For 11 Mar 2024 Bullish-Above 22530 Invalid-Below 22480 T- 22710 22850 Bearish-Below 22420 Invalid0Above 22470 T- 22200 21980 NIFTY has closed on a slight bullish note with 0.51% gain last week. Few week back in the weekend analysis it was discussed that index has been trading in a parallel channel in daily TF. Still index has maintained its pattern. This is not an clear impulse I personally feel, rather a stretch or distribution. Clear move will be seen on this pattern breakdown. Till then I have reduced my position size and have been focusing on non direction approach (strangles). Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22710 and 22850. For selling we need a 15 Min candle close below 22420. T- 22200 and 21980. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
1
07 Mar ’24 — Another stable day, getting ready for next jump?Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow.” 4mts chart It was another perfect day for the option sellers, mostly the short straddlers. Nifty struck a narrow range today and had no special adventures. Looking at how Nifty50 traded today makes me remember the Cricket commentators saying “After hitting the first 2 balls for 6 & 4s, take singles and rotate strikes..”. Nifty50 did the exact same thing today. The rotations were in the sub-sectors and the market breadth was improving. Media, Metal, FMCG, Pharma, Consumption, and Commodities all did well today and the laggards were Banks and Energy. Between the last expiry and today, Nifty50 rose 440pts ~ 2%. Most importantly it took out 2 support/resistance levels - 22051 and 22295. And we rewrote the ATH twice. As it looks everything looks GREEN on this side. Tomorrow will be a holiday in India, so our next market action will be on Monday. If US markets advance and take out their ATHs by then, we can expect a huge gap up in the next session. In case the Global macros weaken over the weekend - the Bull's party could be cut short too. Wish you a happy weekend. 63mts chart
NSE:NIFTYLong
by viswaram
INFIBEAM | Swing Trade📊 DETAILS Sector: Online Services Mkt Cap: 6,418 cr Incorporated in 2007, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services TTM PE : 45.29 (Average PE) Sector PE : 34.35 Beta : 1.22 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 4.12% away from 52 week high Outperformer - Infibeam Avenues up by 9.65% v/s NIFTY 50 up by 4.59% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:INFIBEAMLong
by Munish_Jain
6
Nifty || levels and zones NSE:NIFTY 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between zones. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
NIFTY Intraday Trade Setup For 2024NIFTY Intraday Trade Setup For 2024 Bullish-Above 22500 Invalid-Below 22450 T- 22675 22850 Bearish- Below 22350 Invalid-Above 22400 T- 22170 21980 NIFTY has closed on a bullish note with 0.53% gain today. After 3 days of decline move it gave a slight good move in today's session. Now it has given a fresh breakout after consolidating so above 22500 it will test 22850 as per ABCD pattern. 1st minor intraday resistance will be 22675 and 22850 being a strong one. Best trade will be on flat opening and sustaining above 22500. 22350 is a deciding zone , break of which will lead to an intraday fall. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22500 then we will long for the target of 22675 and 22850. For selling we need a 15 Min candle close below 22350. T- 22170 and 21980. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
SEQUENT | Investment Pick📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 3,512 cr Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries. TTM PE : -- (Low PE) Sector PE : 52.24 Beta : 0.36 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 4.76% away from 52 week high Outperformer - Sequent Scientific up by 14.68% v/s NIFTY 50 up by 0.77% in last 1 month 📈 FINANCIALS Piotroski Score of 2/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SEQUENTLong
by Munish_Jain
6
DCW | Positional Trade📊 DETAILS Sector: Commodity Chemicals Mkt Cap: 1,871 cr DCW Ltd is engaged in manufacture and sale of a diverse range of products with a focus on commodity chemicals, specialty chemicals and intermediate products. TTM PE : 19.43 (Average PE) Sector PE : 17.15 Beta : 1.04 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 6.15% away from 52 week high Outperformer - DCW up by 12.89% v/s NIFTY 50 up by 0.65% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DCWLong
by Munish_Jain
6
05 Mar ’24 — Nifty breaks a support, BN breaks a resistanceNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Our stance continues to be bullish and the first support level would be 22295. It is a shallow support and not quite relevant for a stance change, but the momentum is what really matters.” 4mts chart For a brief period, Nifty traded below the support level of 22295. Even on the lower timeframe we did not have a close below that level due to which a stance change is not required. Nifty managed to pull up and close above 22358 which is not a bad thing at all, but what was worrying is how NiftyIT traded today. Even from the start, the weakness in the IT sector was evident. NiftyIT ended the day -1.59% ~ 594 points. The major reason Nifty fell today was attributed to this weakness. There is something the IT sector knows that we don't. Look at how SPX (-0.89%), NDQ (-1.78%) are trading, a selected few people knew this in advance and started selling the tech sectors. On the higher timeframe, the 3 red candles till the support level stands out. Even though the buying came today, it may not prove useful if we gap-down tomorrow. It all depends on how the US market closes today. Primarily, I need to spend some time to understand why the tech sectors are cooling off. News aside, the charts still shows no change in bullish stance, however if we open gap down tomorrow and that too below the 22295 levels we will immediately change stance to neutral. And if it breaks 22199, we would love to go short. 63mts chart
NSE:NIFTYLong
by viswaram
SURYAROSNI | Swing Trade📊 DETAILS Sector: Diversified Mkt Cap: 7,063 cr Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.) TTM PE : 18.55 (High PE) Sector PE : 37.14 Beta : 0.65 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 23.92% away from 52 week high Underperformer - Surya Roshni down by -21.23% v/s NIFTY 50 down by -0.86% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SURYAROSNILong
by Munish_Jain
5
HITECH | Swing Trade📊 DETAILS Sector: Iron & Steel Mkt Cap: 2,104 cr Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india. TTM PE : 43.09 (High PE) Sector PE : 38.10 Beta : 1.35 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 7.24% away from 52 week high Outperformer - Hi-Tech Pipes up by 4.02% v/s NIFTY 50 up by 2.24% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:HITECHLong
by Munish_Jain
2
NIFTY Intraday Trade Setup For 5 Mar 2024NIFTY Intraday Trade Setup For 5 Mar 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22655 22840 Bearish-Below 22350 Invalid-Above 22400 T- 22190 21980 NIFTY has closed almost on a flat note today with minor gain of 0.12% today. Nothing triggered as per trade setup and was a complete sideways day within less than 90 points range for the whole day. It has formed a indecision candle, spinning top in daily TF. We will simply trade above and below this tight range. 22450 and 22350 is the range to be looked for breakout. 22190 will be an intraday support zone as per half bat pattern. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22450 then we will long for the target of 22655 and 22840. For selling we need a 15 Min candle close below 22350. T- 22190 and 21980. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
HCG | Multiyear Breakout📊 DETAILS Sector: Hospital & Healthcare Services Mkt Cap: 5,347 cr Healthcare Global Enterprises Ltd is engaged in setting up and managing hospitals and medical diagnostic services including scientific testing and consultancy services in the pharmaceutical and medical sector. TTM PE : 151.78 (High PE) Sector PE : 93.53 Beta : 0.16 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 1.54% away from 52 week high Outperformer - Healthcare Global Enterprises up by 4.77% v/s NIFTY 50 down by -0.02% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:HCGLong
by Munish_Jain
3