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NIFTY Intraday Trade Setup For 13 Feb 2024NIFTY Intraday Trade Setup For 13 Feb 2024 Bullish-Above 21810 Invalid-Below 21760 T- 22011 22190 Bearish-Below 21570 Invalid-Above 21620 T- 21339 21120 NIFTY has closed on a bearish note with 0.76% cut today. Our short trade which we are carrying from 21800 is now seems to be on track. Our trade was based on 2nd leg shooting star in daily TF with SL being intact @ 22130. Yesterday half bat was projected as an resistance seeing the current trend of the market which worked very well in today's session. 21810 and 21570 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21570. T- 21339 and 21120. 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 Feb ’24 — Nifty Breaks the Swing Low, Support Approaching...Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “For Monday, we wish to maintain our stance of neutrality. To go long the resistance of 21913 has to be taken out and to go short 21615 has to be broken first and then 21491” 4mts chart Nifty opened a bit gap-up and then started declining immediately. It made a two-legged downward move today taking out the swing low of the last session. The difference between the high and low of the day was 257 points ~ 1.18%. It may not sound that weird as technically Nifty is still in neutral territory. What was more interesting was the stark contrast between NiftyIT and BankNifty today. From the opening minutes, NiftyIT was in strong green whereas BankNifty was facing southward. NiftyIT ended up with a gain of 0.79% whereas BankNifty ended up losing 1.65%. Global macros were not that disappointing, we assume today’s break had something to do with the “Farmers Protest V2.0”. Guessing it may really impact the Lok Sabha Elections 2024 outcome. Coming back to the technicals - we still need Nifty to break the support of 21491 to go strongly bearish. Whereas BankNifty is already in bearish territory today as its support was broken today. For tomorrow we wish to keep our eyes open for any bearish clues although we wish to stay neutral to start with. As always, we prefer BankNifty to make its move first and then Nifty50 will align itself to that direction. You might be bored listening to our phrase “BankNifty is still the torch bearer whenever Nifty50 intends to change direction”. 63mts chart
NSE:NIFTY
by viswaram
Nifty50 Support And Resistance 13-Feb-24Nifty50 Support And Resistance 13-Feb-24 Please find below simple resistance and support: Resistance: 21717 If crossed up then will see upward move as follows: T1: 21744 T2: 21808 Support: 21582 If crossed down then will see downward move as follows: T1: 21487 T2: 21423 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
FinNifty weekly expiry analysis for 13/02/24.FinNifty has closed 280 point lower on the daily charts, testing the 200 ema. The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels. It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the expiry day. Even the VIX has gone up by almost 4% which will give option buyer some higher option premiums and decay may eat way the profits. Tomorrow is weekly expiry and last two expiry were sideways. Probability of a trending expiry is high and on the bearish side as per the technicals. Major support levels :- 19840, 19730, 19640 The index is showing a Lower High Lower Low formation and sell on rise is the market cycle. In case of a gap down, a sell off can be seen in the markets as there the momentum is on the same side. In gap up opening there will be a confusion as it will create indecision in the markets. Resistance levels :- 19980, 20220 Wait for the price action near the levels before entering the markets.
NSE:CNXFINANCE
by Mambotrade
Nifty weekly analysis for 12/02/24.Nifty on the weekly charts is holding the higher levels. Still the index is looking confused about the tren. It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages. There was a consolidation on the last trading day and chances of a trend move in the coming session is there. Let markets decide whether it wants to go to form a higher level or retest the lower levels. Major resistance is around the ATH of 22126 as it has reversed from it forming a double to pattern. A bearish trend will be confirmed by a daily candle close below the neck line forming a M pattern. Support levels :- 21650, 21500, 21370 The market trend is still in confusion. Wait for either side move and take trading in the direction market move. Major resistance levels :- 21810, 21875, 22000 Nifty has retested 50% fib level of the previous leg and if a bullish move is expected it should try to hit another ATH. Positional and swing trader should take on with banknifty as there is a confusion in nifty as there is an inside candle on the weekly charts. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty Price action under election Year cues.Nifty next up move will come when it close above 22150 on monthly chart. Empirically, in General election year, Nifty has a tendency to bottom out in Feb-March, followed by minimum 12-16% rally towards General election outcome in each of seven instances over past three decades. As per chart nifty may be bottom out near levels 21120-20850 in upcoming days. So, buy on dip approach may work for the investors. Next target for Nifty after bottom out would be 24700 in May-June 2024.
NSE:NIFTYLong
by tradetechnicalanalyst
1
KCP | Multiyear Breakout📊 DETAILS Sector: Cement Mkt Cap: 2,595 cr KCP Ltd is engaged in the business of manufacture and sale of cement, sugar, heavy engineering, power generation for captive use and hospitality. TTM PE : 27.77 (High PE) Sector PE : 55.60 Beta : 1.42 📚 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 6.37% away from 52 week high Outperformer - KCP up by 13.63% v/s NIFTY 50 up by 1.1% 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:KCPLong
by Munish_Jain
AARTIIND | Investment Pick📊 DETAILS Sector: Speciality Chemicals Mkt Cap: 24,081 cr Incorporated in 1984, Aarti Industries Ltd manufactures and deals in Speciality Chemicals and Pharmaceuticals TTM PE : 53.96 (High PE) Sector PE : 53.74 Beta : 1.39 📚 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. 1.03% away from 52 week high Outperformer - Aarti Industries up by 16.75% v/s NIFTY 50 up by 2.35% 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:AARTIINDLong
by Munish_Jain
3
NIFTY Intraday Trade Setup For 12 Feb 2024NIFTY Intraday Trade Setup For 12 Feb 2024 Bullish-Above 21830 Invalid-Below 21780 T- 22011 22190 Bearish-Below 21620 Invalid-Above 21670 T- 21400 NIFTY has closed almost on a neutral note last week and formed a spinning top candle. In weekly TF it is just consolidation which is pretty common after a big run. We have initiated a short position below 21800 as per 2nd leg shooting star in daily TF. Sl 22130 is intact , if it is triggered then above 22200 bullish move will continue as an impulse. Target for this short is 21450 which is 50% retracement of the last leg of rally. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21830 then we will long for the target of 22011 and 22190. For selling we need a 15 Min candle close below 21620. T- 21400 and 21120. 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 moving in a channel on hourly chartNifty is moving in a channel on hourly chart and seems like contraction which can take it either side. Upside after 21140 the sky is open but on downside there are many supports like 21840-21800 and followed by 21740 are strong support numbers. 21730 is monthly expiry since last 2 months and hence not easy to break. Till the time Nifty is in this tight range OTM option buyers will loose money, though with time the support line is pushing nifty upward.
NSE:NIFTY
by brainyAccount81243
Nifty moving in a channel on hourly chartNifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but chances are shrink for the up move. 1. Strong gap up and struggle at levels 22125 or small gap up and struggle in the range 21960-21900 will be opportunity to short. 2. flat open and weakness then below 21800 can be short opportunity 3. Gap down and pull back to the range 21800-21840 will be another short opportunity 4. Big gap down and pull back to 21740 will be another short opportunity check price action, weakness must be observed before going short or short with strict stop loss so that if it does not see resistance at the said level then short from next higher level
NSE:NIFTY
by brainyAccount81243
5
09 Feb ’24 — BankNifty retraces and defends the Support LevelNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.” 4mts chart Nifty creates a double bottom (W pattern) in the 4-minute time frame. Although we did not retest the 21913 support/resistance level which we broke yesterday, the entire price action today showed no intent of bearishness. The interesting part of the opening 2 hours today was that Nifty gave a false impression of bearishness. We fell to a swing low of 21629 by 11.03 and then reversed today. The reversal from that point was approx 175pts - it did not come in a fast and furious manner, rather it was a steady climb. What would have happened yesterday would just be a blip, the price action of BankNifty today makes us think so. Or else why would it rally 622 points ~ 1.38% and reclaim the support level today? NiftyIT on the other hand was looking weak today and was contradicting the other index heavyweights. CNXPSE, Metals, Smallcaps, Midcaps, and Energy traded in the RED today. 63mts chart For Monday, we wish to maintain our stance of neutrality. To go long the resistance of 21913 has to be taken out and to go short 21615 has to be broken first and then 21491. Wish you a happy weekend.
NSE:NIFTY
by viswaram
INDIANB | Positional Trade📊 DETAILS Sector: Bank - Public Mkt Cap: 59,630 cr Indian Bank is a medium-sized bank which was started in 1907. It offers deposits, loans and services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations. TTM PE : 8.65 (High PE) Sector PE : 13.12 Beta : 0.86 📚 INSIGHTS MC Insights PRO Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 4.35% away from 52 week high Underperformer - Indian Bank down by -4.16% v/s NIFTY 50 up by 3.15% 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:INDIANBLong
by Munish_Jain
5
JKPAPER | Swing Trade📊 DETAILS Sector: Paper & Forest Products Mkt Cap: 6,674 cr Established in 1962, JK Paper is the leading player in Office papers, Coated papers and Packaging boards. It is one of the most respected paper companies today. TTM PE : 5.47 (Low PE) Sector PE : 7.01 Beta : 1.13 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 7.81% away from 52 week high Underperformer - JK Paper up by 5.05% v/s NIFTY 50 up by 8.24% in last 1 month 📈 FINANCIALS Piotroski Score of 9/9 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:JKPAPERLong
by Munish_Jain
Nifty50 Support And Resistance 12-Feb-24Please find below simple resistance and support: Resistance: 21818 If crossed up then will see upward move as follows: T1: 21849 T2: 21915 Support: 21685 If crossed down then will see downward move as follows: T1: 21586 T2: 21520 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 09 Feb 2024NIFTY Intraday Trade Setup For 09 Feb 2024 Bullish-Above 21830 Invalid-Below 21780 T- 22005 22190 Bearish-Below 21650 Invalid-Above 21700 T- 21465 21300 NIFTY has closed on a complete bearish note with nearly 1% cut today. Once again our swing short position triggered below 21800 as per shooting star formed on 2 Feb came in profit. SL of 22130 is intact. We can now expect more fall in our favor in the coming days. There is a chance of a quick fall below 21660 tomorrow. Last swing high in intraday was 21820 so above 21830 there can be bullish reversal. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21830 then we will long for the target f 22005 and 22190. For selling we need a 15 Min candle close below 21660. T- 21465 and 21300. 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
EXPLEOSOL | Swing Trade📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 2,293 cr Expleo Solutions Ltd is an India-based software service provider primarily delivering software validation and verification services to the BFSI industry worldwide. TTM PE : 23.24 (Average PE) Sector PE : 37.59 Beta : 0.78 📚 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. 16.84% away from 52 week high Outperformer - Expleo Solutions up by 4.41% v/s NIFTY 50 up by 0.95% 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:EXPLEOSOLLong
by Munish_Jain
08 Feb ’24 — Nifty Disappoints, stance reversed to neutral ➡️➡️Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Our stance for tomorrow is bullish and since these are all games of probabilities we reserve the right to be wrong as would like to keep the 21826 area as a good stop loss.” 4mts chart Just when we thought things were swinging in our favor, Nifty took a U-turn and is now back in neutral territory. “Disappointing” is not the right word to define today’s price action, after all the markets did what it felt right. Our analysis and positioning are what took the toll today. I ended up booking the highest intraday loss ever since I started trading. To give you a backdrop, we were long overnight and the set-up looked pretty bullish for us. Although we cut losses once the 21826 magic level got hit, our MTM was too deep in the RED for any sort of recovery. Nifty fell a total of 346 points in the intraday trade today. The support level of 21913 was taken out with so much force (depth of the RED candle) that it felt like kissing goodbyes to this level. The culprit was BankNifty, after the RBI MPC meeting today, despite no major policy decisions - banks started falling, pulling the other stocks along with it. One thing that stood out in the discussion today was the instruction to include the loan processing fees, and other charges to the interest component so that the end customer knows the exact rate he is paying. Why would the bigger banks get spooked by that? Other stocks like NESTLE and ITC were looking weak even before the Governor’s speech. 63mts chart Between the last expiry and today, Nifty has gained only 70pts ~ 0.32%. The gains would have been sizeable and meaningful if not for the rout today. After today’s episode, we drew the double top pattern (M pattern). Since the support level of 21913 is breached, we hope that this pattern holds. Nifty is by no means bearish, unlike BankNifty which slipped into the RED today. If BN continues the southward journey tomorrow, most likely N50 will have to follow suit.
NSE:NIFTY
by viswaram
MUKANDLTD | Investment Pick📊 DETAILS Sector: Iron & Steel Mkt Cap: 2,478 cr Mukand Ltd is engaged in manufacturing of special alloy steel, billets, bars, rods, EOT cranes, material handling equipment and other industrial machinery and comprehensive engineering services. TTM PE : 12.49 (Average PE) Sector PE : 23.95 Beta : 1.18 📚 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 13.36% away from 52 week high Outperformer - Mukand up by 8.79% v/s NIFTY 50 up by 2.76% 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:MUKANDLTDLong
by Munish_Jain
ELGIEQUIP | Positional Trade📊 DETAILS Sector: Compressors / Pumps Mkt Cap: 18,398 cr Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors ** & Automotive Equipments**. It is also providing related after sales services TTM PE : 45.78 (Low PE) Sector PE : 45.66 Beta : 0.36 📚 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 7.70% away from 52 week high Outperformer - Elgi Equipments up by 6.39% v/s NIFTY 50 up by 0.01% 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:ELGIEQUIPLong
by Munish_Jain
PARAS | Investment Pick📊 DETAILS Sector: Defence Mkt Cap: 3,161 cr Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions. TTM PE : 88.58 (Average PE) Sector PE : 57.47 Beta : 1.20 📚 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 10.41% away from 52 week high Outperformer - Paras Defence and Space Technologies up by 12.64% v/s NIFTY 50 up by 0.02% 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:PARASLong
by Munish_Jain
2