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Nifty50

SUPRAJIT | Swing Trade📊 DETAILS Sector: Auto Ancillaries - Others Mkt Cap: 5,668 cr Suprajit Engineering promoted by Mr Ajith Kumar Rai, started as a single-product (cables) to TVS Motor in 1985. Over the years, Suprajit has emerged as the largest supplier (market share of ~65%) of mechanical cables to the domestic 2W and passenger vehicle (PV) market with rising revenue share from aftermarket and exports. TTM PE : 38.59 (High PE) Sector PE : 39.39 Beta : 0.87 📚 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. 8.71% away from 52 week high Outperformer - Suprajit Engineering up by 9.57% v/s NIFTY 50 up by 3.13% 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:SUPRAJITLong
by Munish_Jain
2
NIFTY Intraday Trade Setup For 23 Feb 2024NIFTY Intraday Trade Setup For 23 Feb 2024 Bullish-Above 22260 Invalid-Below 22210 T- 22465 22630 Buy_2- From 22030 Invalid-Below 21980 T- 22200+ NIFTY has closed on a bullish note with 0.74% gain Today. Since last 2 days index is moving wild and intraday trend is really uncertain these days. Today sell triggered as per trade setup below 21990 and gave a move till 21880, almost 90 points. Seeing today's strong bullish sentiment tomorrow we will be in buy mode from both points, on breakout and even in case of pullback. In case there is pullback towards 22030 we will buy from there. Pullback trading will be ideal before breakout here. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22260 then we will long for the target of 22465 and 22630. 2nd buy can be considered from 22030. T- 22200+. 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
Nifty50 Support And Resistance 23-Feb-24Please find below simple resistance and support: Resistance: 22266 If crossed up then will see upward move as follows: T1: 22347 T2: 22412 Support: 22133 If crossed down then will see downward move as follows: T1: 22087 T2: 22022 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
MARUTI | Investment Pick📊 Details The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake. The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts. Disclaimer: This analysis is solely for educational purposes and does not make me 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:MARUTILong
by Munish_Jain
3
21 Feb ’24 — First Real Threat for Bulls Today - Nifty50Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “On the 63mts TF, N50 is still looking strong — we would keep our first support level(weak) at 22051 and the main support at 21913.” 4mts chart Bulls were roaring and seemed like the entire territory was under their control and then suddenly from nowhere, we got a flash crash. Nifty50 hits a new ATH of 22249 and then falls 252 points ~ 1.13%. Yesterday we talked about the shallow support at 22051, it was interesting to see the 14.39 RED candle just did not respect that level and fell aggressively. After hitting a low of 21997 we had a pullback of 101 points, but that got sold into. The closing was strongly in favor of the Bears. Technically Nify50 has just fallen 141 points ~ 0.64% and even after that, it is still bullish on the higher timeframes. We need to really find out what was the reason we had a flash crash today - it did not feel like a profit-booking stunt. It appeared more like a news/event released to a selected few participants. Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish. On the higher timeframe, Nifty is below the 22051 resistance and above the strong support of 21913. If the Bears are planning for another attack tomorrow just like the one we had today - then we strongly feel that the 21913 level should be tested and even broken. Ideally, the opening 1st & 2nd candles will give away the directional trend. Interestingly, BankNifty did not participate in the downward trend today, most likely it may be attributed to the expiry and the aggressive positions taken by the smart money. Anyway, we will get to know by tomorrow if the Bears are back or not. 63mts chart
NSE:NIFTY
by viswaram
NIFTY Intraday Trade Setup For 22 Feb 2024NIFTY Intraday Trade Setup For 22 Feb 2024 Bullish-Above 22250 Invalid-Below 22200 T- 22465 Bearish-Below 21990 Invalid-Above 22040 T- 21790 21600 NIFTY has closed on a bearish note with 0.64% cut today. Buy triggered as per trade setup above 22220 which hit 50 points sl. It is like Open = High and sentiment was bearish the whole day. Tomorrow 22160 will be an confluence zone, can act as resistance. Above 22250 we will test 22465 and this is a strong resistance in weekly TF as per ABCD calculation. 21790 is going to be a strong support zone as per half bat (0.618). Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22250 then we will long for the target of 22465. For selling we need a 15 Min candle close below 21990. T- 21790 and 21600. 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
Nifty50 Support And Resistance 22-Feb-24Please find below simple resistance and support: Resistance: 21100 If crossed up then will see upward move as follows: T1: 22142 T2: 22186 Support: 21985 If crossed down then will see downward move as follows: T1: 21967 T2: 21923 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
NIFTY Intraday Trade Setup For 21 Feb 2024NIFTY Intraday Trade Setup For 21 Feb 2024 Bullish-Above 22220 Invalid-Below 22170 T- 22415 22580 Bearish-Below 22040 Invalid-Above 22090 T- 21860 21650 NIFTY has closed on a bullish note with 0.34% gain today. As per trade setup it tested the buy level but almost at closing bell. It has closed at breakout level near 22200 tomorrow it should give a good momentum in the upside in flow above 22210. 22415 can be immediate target after the breakout and will book max there and from there we need to look for a bearish reversal price structure in 5 Min TF for TSL. Index is following this channel in daily TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22220 then we will long for the target of 22415 and 22580. For selling we need a 15 Min candle close below 22040. T- 21860 and 21650. 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
20 Feb ’24 — Another milestone, 22000 conquered - Nifty50 flyingNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “On the 63 mts time frame, Nifty looks strong and pumped up. We continue to hold on to our bullish stance, if BN or IT index joins N50 — the build-up in momentum will be a treat to watch.” 4mts chart Exciting times as Nifty50 has conquered a new milestone “22000” and BankNifty just turned bullish today. At present, both N50 and BN are facing northwards and that usually is a sign of further momentum build-up. Having said that, SPX and NDQ are trading negatively in the US with losses of 0.84 & 1.39% respectively. FII sell value for today is 1335 crores and the other European markets are trading mostly in RED or flat. So we are in a unique position where Indian markets are looking optimistic and roaring to go whereas global markets are a bit subdued. Unusually high inflows of SIP via domestic mutual fund AMCs are the primary reason we are staying afloat. Even after so much money making its way to the financial markets, we are in no way close to the bank's fixed deposit volume & volume growth. One thing we are not sure about is whether this money inflow is due to the blind trust in the current Govt’s fiscal policies, reforms, and the certainty to return to power. Or is this a structural change and India is truly becoming a financial powerhouse? If you look at the price action today by N50, we had a RED opening candle which was bought into by 10.15 and then we had one more round of selling between 13.31 to 13.59. But what stood out was the surge of 78 points in the last 30 minutes. It took out yesterday’s swing high and created the new ATH record. On the 63mts TF, N50 is still looking strong - we would keep our first support level(weak) at 22051 and the main support at 21913. With 2 days to go, will N50 take out the 22500 levels? Reply with your comments below. 63mts chart
NSE:NIFTYLong
by viswaram
4
Analyze the NIFTY50 on the daily chart as of February 20, 2024The Nifty 50 is currently trading at 22,196.95, up 0.34% from the opening price. The intraday high was 22,215.60, and the low was 22,045.85. Technical Analysis: Overall Trend: The medium-term trend is upward. The index recently broke a resistance level, indicating a positive signal for the short term. Moving Averages: All major moving averages (5, 10, 20, 50, 100, 200) are bullish, suggesting an upward trend. Technical Indicators: Some technical indicators like RSI and MACD are showing signs of overbought territory, while others remain neutral. This suggests the potential for a pullback but not necessarily a reversal. Support and Resistance: The nearest support level is around 20,000, while there is no immediate resistance in sight. Fundamental Analysis: Indian economy: The Indian economy is expected to grow at a healthy pace in FY24, which could support the stock market. Global cues: Global market sentiment and oil prices will continue to influence the Nifty 50. Corporate earnings: The upcoming corporate earnings season could provide further direction to the market. Overall: The Nifty 50 is currently in a good position, but there are some potential risks to consider. Investors should do their own research and due diligence before making any investment decisions. Disclaimer: I am not a financial advisor and this is not financial advice. Please consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTY
by mayurdhagiya
H&S on higher time frame in Bajaj Finance.The stock is trading around the neckline of the pattern and on the daily charts it has closed below the zone. The weekly charts are also showing some negativity and there are chances it may move below as there is a head and shoulder pattern on the higher charts. Entry can be created in the stock once the weekly low is breached and a daily candle close below it. Bajaj Finance is trading below the weekly 20 ema and pattern formation is there. There are 2 scenarios in the stock. First, it can retest the zone of 50-61.8% fibonacci and give a break down. Or after a consolidation it starts moving below the neckline. Targets and stop losses will be created once the entry 1 or 2 is confirmed. Entry one can be created once there is a bearish price action in the fib zone. Targets :- 6875, 6520, 5900 Stop Loss :- 7360 In case of the second entry first target will act as a break down level with stop loss of 6910. Position should be created with a setup confirmation and let the stock movement decide which side to move. Wait for the price action and entry level to be triggered. Positional and swing trades in deravatives can be created.
NSE:BAJFINANCE
by Mambotrade
NIFTY Intraday Trade Setup For 20 Feb 2024NIFTY Intraday Trade Setup For 20 Feb 2024 Bullish-Above 22200 Invalid-Below 22150 T- 22450 22700+ Bearish-Below 22020 Invalid-Above 22070 T- 21830 21635 NIFTY has closed on a record high today with 0.37% gain today. It has formed a spinning candle in daily TF which indicates indecisiveness. It can trigger both sentiment, above 22200 we would this spinning top candle as continuation of the ongoing bullish move. Below 22020 we will treat this as a reversal sign. Incase of breakout above 22200 we would test 22450-22465 and this can be a stiff resistance. One can plan a short trade with bearish reversal price structure in 5 Min TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22200 then we will long for the target of 22450 and 22725. For selling we need a 15 in candle close below 22020. T- 21830 and 21630. 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
FinNifty intraday level for weekly expiry 20/02/2024.FinNifty today remained in a tight range after a gap up opening and has closed around a crucial level. Now, the resistance levels is today's high, wait for the market to breach this level. Entry in bullish trade can be made. If the market consolidate after a slight gap up/down opening, while giving a break out of the level in the second half can give nice trending move in the second half. In case of a huge gap up or gap down trading should be avoided for option buyer as there are chances of market being sideways. Major resistance levels :- 20620, 20780, 20920. Support zone :- 20530, 20420. The index has closed above 20 DEMA and the been taking support from hourly 200 ema. The market seems bullish as it is sustaining the upper levels. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty weekly analysis for 19/02/24.Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher. The market remained in a range for a while and gave a nice break out during the previous week. In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels. Major resistance levels :- 46580, 46980-47100. If there is a gap up opening, the market will look to test 47k levels and further test 47550. On the bearish side the market can test the lower levels of 46k and 45700. Anything below 45700 may seem to be a bearish move. Major support levels :- 46040, 45700 Wait for the price action and buy on dip is the current market cycle. Nifty is trading around the ATH while banknifty is trading short of 2000 points. It can be seen getting close to the ATH in the coming week.
NSE:BANKNIFTY
by Mambotrade
OLECTRA | Swing Trade📊 DETAILS Sector: Electronics - Components Mkt Cap: 10,472 cr Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad. TTM PE : 133.32 (Average PE) Sector PE : 59.26 Beta : 0.52 📚 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 15.58% away from 52 week high Underperformer - Olectra Greentech up by 5.42% v/s NIFTY 50 up by 6.91% 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:OLECTRALong
by Munish_Jain
2
SANOFI | Investment Pick📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 19,127 cr Sanofi India is engaged in Business of Manufacture and sale of pharmaceutical products. TTM PE : -- (Average PE) Sector PE : 49.36 Beta : 52 Week Low 📚 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 1.41% away from 52 week high Underperformer - Sanofi India up by 1.05% v/s NIFTY 50 up by 6.9% 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:SANOFILong
by Munish_Jain
Nifty 50 Weekly Analysis - Expiry Special Thursday 22nd to watchOn a high level this week I see we may be bearish to start and then after filling the FVG on the 1H we may see the price bounce above I'm expecting the price to either gap down to fill the gap and also to reduce those who were long last week and then continue falling down to reach between 21700-21800 levels or It can test the ATH as that's the nearest liquidity available and then come down to fill the gap. We need to wait and see how the market opens on Monday to ascertain this. This is just a Bias based on old data, do your own research.
NSE:NIFTY
by Mellow-Trader
NIFTY Intraday Trade Setup For 19 Feb 2024NIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 22080 Invalid-Above 22030 T- 22300 22520 Bearish-Below 21950 Invalid-Below 22000 T- 21735 NIFTY has closed on a slight bullish note last week and day with 1.19% and 0.59% gain respectively. It is at a striking distance to ATH and chances of a fresh bullish move above 22150 is high. 2nd leg shooting star will be invalid above 22130. But before it triggers a bullish move above 22150 it may dip for a pullback to fuel the impulse on breakout. So on Monday if there is a gap up and below 1st 5 Min candle's low it can trigger a down move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22080 then we will long for the target of 22300 and 22520. For selling we need a 15 Min candle close below 21950. T-21735 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
TRIDENT | Positional Trade📊 DETAILS Sector: Textiles & Apparel Mkt Cap: 20,842 cr Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals TTM PE : 45.44 (High PE) Sector PE : 26.49 Beta : 0.98 📚 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. 6.51% away from 52 week high Outperformer - Trident up by 12.36% v/s NIFTY 50 up by 4.1% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 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:TRIDENTLong
by Munish_Jain
10