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Nifty50

FinNifty weekly expiry for 23/01/24FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In case market starts trading above 21630 or there is a gap up above the levels, avoid trading as there can be a volatile weekly expiry again. Bearish trades can be initiated below 20450 levels for targets of 20250 and 20070. Support levels :- 20450, 20250 Tomorrow is the weekly expiry of FinNifty. So trade less qty as markets are volatile. Wait for a price action and trade only confirm setup.
NSE:CNXFINANCE
by TheMamboMomentum
TEXINFRA | Multiyear Breakout📊 DETAILS Sector: Diversified Mkt Cap: 1,478 cr Company is in business of supplying power from 3 MW Hydel Power Project located on the river Neora, District Darjeeling, West Bengal and certain job works. TTM PE : 552.62 (High PE) Sector PE : 54.23 Beta : 1.04 📚 INSIGHTS Stock not eligible for rating Stock not eligible for rating 5.23% away from 52 week high Outperformer - Texmaco Infrastructure & Holdings up by 12.45% v/s NIFTY 50 up by 1.99% 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:TEXINFRALong
by Munish_Jain
INDOCO | Positional Trade📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 3,746 cr Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs). TTM PE : 33.03 (Average PE) Sector PE : 51.38 Beta : 0.64 📚 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. 2.04% away from 52 week high Outperformer - Indoco Remedies up by 7.17% v/s NIFTY 50 up by 1.99% 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:INDOCOLong
by Munish_Jain
IFCI | Investment Pick📊 DETAILS Sector: Finance Term Lending Mkt Cap: 7,269 cr IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non banking finance company established to cater to the long-term finance needs of the industrial sector. TTM PE : -- (Low PE) Sector PE : 13.46 Beta : 1.56 📚 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. 4.85% away from 52 week high Outperformer - IFCI up by 17.6% v/s NIFTY 50 up by 7.66% in last 1 month 📈 FINANCIALS Piotroski Score of 3/9 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:IFCILong
by Munish_Jain
4
NHPC | Multiyear Breakout📊 Details NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. 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:NHPCLong
by Munish_Jain
6
FINCABLES | Swing Trade📊 DETAILS Sector: Cables Mkt Cap: 16,695 cr Finolex Cables Limited is a leading manufacturer of electrical and telecommunication cables in India. Operating for more than 50 years, Finolex has been able to maintain its leadership position as one of the most diversified wires and cables companies in the country. TTM PE : 25.93 (High PE) Sector PE : 28.63 Beta : 1.00 📚 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 10.45% away from 52 week high Outperformer - Finolex Cables up by 2.23% v/s NIFTY 50 up by 1.99% 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:FINCABLESLong
by Munish_Jain
GODREJIND | Multiyear Breakout📊 DETAILS Sector: Diversified Chemicals Mkt Cap: 22,930 cr Godrej Industries is one of the holding companies of Godrej Group. It is one of the leading manufacturers of oleochemicals on a standalone basis. TTM PE : 26.05 (Average PE) Sector PE : 62.36 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. 6.68% away from 52 week high Underperformer - Godrej Industries up by 2.13% v/s NIFTY 50 up by 8.41% 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:GODREJINDLong
by Munish_Jain
3
TIINDIA | Swing Trade📊 DETAILS Sector: Cycles Mkt Cap: 69,220 cr Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry. TTM PE : 71.11 (High PE) Sector PE : 103.17 Beta : 0.11 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 11.93% away from 52 week high Underperformer - Tube Investments of India Ltd up by 2.56% v/s NIFTY 50 up by 7.22% 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:TIINDIALong
by Munish_Jain
4
CEATLTD | Positional Trade📊 DETAILS Sector: Auto Ancillaries - Tyres & Rubber Products Mkt Cap: 10,199 cr CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022. TTM PE : 19.55 (Average PE) Sector PE : 53.42 Beta : 0.73 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 4.56% away from 52 week high Outperformer - Ceat up by 3.89% v/s NIFTY 50 up by 0.2% 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:CEATLTDLong
by Munish_Jain
TEXRAIL | Multiyear Breakout📊 DETAILS Sector: Railways Wagons Mkt Cap: 6,560 cr Texmaco Rail & Engineering Ltd is an engineering infrastructure co. & part of the Adventz Group, The co. is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. TTM PE : 95.61 (Average PE) Sector PE : 41.69 Beta : 1.32 📚 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 9.35% away from 52 week high Outperformer - Texmaco Rail and Engineering up by 20.91% v/s NIFTY 50 up by 8.13% 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:TEXRAILLong
by Munish_Jain
IRCON | Swing Trade📊 DETAILS Sector: Engineering & Construction Mkt Cap: 16,440 cr Ircon International Limited (IRCON) commenced its business in 1976 as a railway construction company, it diversified progressively since 1985 as an integrated engineering and construction PSU specializing in large and technologically complex infrastructure projects in various sectors such as railways, highways, etc. TTM PE : 18.58 (High PE) Sector PE : 49.76 Beta : 1.79 📚 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 5.18% away from 52 week high Underperformer - Ircon International up by 3.13% v/s NIFTY 50 up by 7.22% 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:IRCONLong
by Munish_Jain
2
ZFCVINDIA | Swing Trade📊 DETAILS Sector: Auto Ancillaries - Others Mkt Cap: 32,165 cr Operating under the ZF WABCO brand and part of ZF Group Commercial Vehicle Control Systems Division, WABCO INDIA Limited is India’s market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India. It also provides software development and other services. Its headquarter is in Chennai, India TTM PE : 82.05 (High PE) Sector PE : 77.42 Beta : 0.43 📚 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 0.82% away from 52 week high Outperformer - ZF Commercial Vehicle Control Systems India up by 9.34% v/s NIFTY 50 up by 0.2% 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:ZFCVINDIALong
by Munish_Jain
1
KOTAKBANK | Swing Trade📊 DETAILS Sector: Bank - Private Mkt Cap: 369,780 cr Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance. TTM PE : 21.53 (Low PE) Sector PE : 25.39 Beta : 0.91 📚 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. 9.88% away from 52 week high Underperformer - Kotak Mahindra Bank up by 6.58% v/s NIFTY 50 up by 7.76% 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:KOTAKBANKLong
by Munish_Jain
2
SHREDIGCEM | Swing Trade📊 DETAILS Sector: Cement Mkt Cap: 1,365 cr Shree Digvijay Cement Company Ltd is primarily engaged in the business of manufacture and sale of cement. TTM PE : 23.03 (High PE) Sector PE : 54.99 Beta : 0.62 📚 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 6.66% away from 52 week high Underperformer - Shree Digvijay Cement Company up by 7.62% v/s NIFTY 50 up by 8.63% 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:SHREDIGCEMLong
by Munish_Jain
JMFINANCIL | Swing Trade📊 DETAILS Sector: Finance - Investment Mkt Cap: 9,679 cr JM Financial Ltd is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds. TTM PE : 15.94 (High PE) Sector PE : 32.05 Beta : 1.05 📚 INSIGHTS Value Trap Affordable valution for this stock may tempt investors to buy. Be selective, keeping in mind balance sheet fundamentals. 5.43% away from 52 week high Outperformer - JM Financial up by 11.73% v/s NIFTY 50 up by 4.15% 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:JMFINANCILLong
by Munish_Jain
Nifty weekly expiry analysis for 18.01.24.A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down. The closing is ,below 20 SMA and EMA, around the day low. MAJOR SUPPORT :- 21500 If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280. Nifty is 2% down while banknifty is more than 4%. Tomorrow is the weekly expiry keep targets and SL tight. VIX is up by 11% which means option premiums will be high. Target levels :- 21365, 21280 Either it will go for another dip or it will halt in case of gap up opening (minimal chances). Avoid entering any bullish trade for intraday. Price action is the key. Keep it in watch.
NSE:NIFTYShort
by TheMamboMomentum
NIFTY Intraday Trade Setup For 19 Jan 2024NIFTY Intraday Trade Setup For 19 Jan 2024 Bullish-Above 21540 Invalid-Below 21490 T- 21787 21979 Bearish-Below 21280 Invalid-Above 21330 T- 21095 20915 NIFTY has closed on a bearish note with 0.51% cut. It was another gap down day due to global negative cues and majorly HDFCBANK. 10 o'clock range was to be used as per trade setup. Range broke upside 21407 and gave a move till 21539. There was a sharp recovery from 21285 and it held itself at higher levels the rest day. It has formed a spinning top candle which tells indecisiveness, it can also act as reversal above its high , complete or partial that is another thing. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21540 then we will long for the target of 21787 and 21979. For selling we need a 15 Min candle close below 21280. T- 21095 and 20915. 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 50 Support and Resistance Levels (19/01/2024):Nifty 50 Support and Resistance Levels (19/01/2024): #### Support Levels: 1. **Support Level 1:** 21,300 2. **Support Level 2 (Big Support):** 21,000 - If Nifty 50 breaks below 21,000, it could signal a potential for significant downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 21,600 2. **Resistance Level 2:** 21,900 - If Nifty sustains above 21,600, it could potentially indicate a move towards higher resistance levels. ### Technical Analysis Insights: - **Support Zones:** 21,300 and 21,000 (big support) are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 21,600 and 21,900 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 21,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** Sustained movement above 21,600 could indicate a potential move towards higher resistance levels, but confirmation is essential.
NSE:NIFTY
by santubittu
Huge selling in Banknifty. Analysis for 18/01/24.Single day fall of 2k points in banknifty is showing a bearish sentiments. A break out of the consolidaiton box is confirmed. Now the market is standing at 46050 and a clear support of 46k can be seen. If 46k levels is gone another day of selling may be there. Major support :- 46000, 45650 Market closing below the 20 ema and near to day low. Watch market price action for 1 hour as after a huge selling overnight positions will be initiated and in the first 15 minutes there will be profit booking, in case of gap down opening. Avoid bullish trades for tomorrow. The banking sector is down because of the HDFC bank single handed fell 8%, almost 150 points lower. Gap up will create confusion. In this case avoid trading. Wait and watch price action.
NSE:BANKNIFTYShort
by TheMamboMomentum
4