Nifty50
LAURUSLABS | Swing Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 21,545 cr
Founded in 2005, Laurus Labs is a research-driven pharmaceutical and biotechnology company having a global leadership
position in select Active Pharmaceutical Ingredients (APIs) including anti-retroviral, oncology drugs (incl High Potent APIs), Cardiovascular, and Gastro therapeutics. They also offer integrated CMO and CDMO services to Global Innovators from Clinical phase drug development to commercial manufacturing.
Laurus employs 6500+ people, including around 1050+ scientists at more than 11 facilities approved by global agencies USFDA, WHO-Geneva, Japan-PDMA, UK-MHRA, EMA, TGA etc.
TTM PE : 58.61 (High PE)
Sector PE : 47.13
Beta : 0.73
📚 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.
7.73% away from 52 week high
Underperformer - Laurus Labs up by 4.26% v/s NIFTY 50 up by 8.74% 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 🔍
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NIFTY Intraday Trade Setup For 26 Dec 2023NIFTY Intraday Trade Setup For 26 Dec 2023
Bullish-Above 21400
Invalid-Below 21350
T- 21550 21710
Bearish-Below 21230
Invalid-Above 21280
T- 21058 20905
NIFTY has formed a halt candle after 7 weeks. It is very obvious after a strong rally, pullbacks are common. 21600 is a short term top formed and next leg of rally will be triggered above that. In hourly TF below 20970, pullback cum down move will be extended till further lower levels. However 20750 will act as a very strong support in the downside. In 15 Min TF it has retraced till 0.618 of the fall. Now both possibility opens up, 21400 will give us a bullish structure once again and propel markets to fresh ATH. Below 21230 the pullback move will get triggered.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21400 then we will long for the target of 21550 and 21707.
For selling we need a 15 Min candle close below 21230. T- 21058 and 20905.
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.
22nd Dec ’23 - Nifty’s levels today are skewed by NiftyIT 🚀🚀🚀Nifty Analysis
Recap from yesterday: “I am inclined to change my stance to neutral with the developments of today. Giving the bears one more opportunity to prove their mettle, hence going with the bearish stance for tomorrow as well. All they have to do is keep Nifty50 below 21200 in the opening 2hrs for the momentum to kick in”
4mts chart link - click here
Nifty’s price action was deceptive today, mainly because of the outperformance by NiftyIT(+2.27%). The real action today happened in BankNifty (-0.73%). Let me try to elaborate. Between 13.59 and 15.03 NiftyIT rallied 799pts ~ 2.29% in a surprising move. This skewed the Nifty50 numbers too. INFY, Wipro, HCL, TCS, and LTIM contributed 44pts out of 94 today.
NiftyIT 4mts chart link - click here
NiftyIT even though it started negative had a total swing range of 1029pts today. I guess NSE has to consider opening up FnO on NiftyIT seriously and set the expiries on Mondays. After all, we have 6 stocks of Nifty50 in BankNifty. Similarly, we have 6 stocks of Nifty50 in NiftyIT.
63mts chart link - click here.
Since Monday is a holiday, it gives us added uncertainty on what to expect on Tuesday. Despite the 94pts gain by Nifty - I still see the price action as negative. I would like to go with a bearish stance for 26th Dec. A gap-up or gap-down possibility cannot be ruled out as we are going for the extended weekend with bad geo-political macros.
Century Plyboards (India) Ltdif your vision is for long term or for swing also you can buy this share because as shown in charts. buy this share. on 26 th of december becuase as shown in charts this share. start upward journey after 1 weeks . so you can go with share for quick profit , and hence quick loss , ha ha ha ha ha ha ha ha ha ha ha ha ha
This share is for long term and short term also .
For long term:-you can add postition in it when this share comes across the 750 to 790 zone. target and stop loss is totally depend on your profit and loss taking ability (Mentioned share , sector do very very good in future ) so for long term hold , hold hassle free........
For short term(swing trader):-You can add this share tommorow also there is no problem but if you want to play safe than make entry make on 26 DEC. 2023 and stop loss is around 790. this share is for quick return so please make proper quantity for that.
if you earn good return is swing so please do comment
IF YOU THINK I AM DOING GOOD WORK THAN YOU CAN FOLLOW ME ....
DISCLAIMER:-I am not responsible for any profit or loss or whatever ..trade i mentioned below and above . only you are resposible for that i am not SEBI REGISTERED consult your financial advisor before taking entry in any share. only you respobile for your loss and profit also...
THANKS...
See you in profit days ...
21st Dec ’23 - Nifty50 Retraces 50% of Yesterday’s FallNifty Today Analysis
Recap from yesterday: “The price action on the 63mts TF does not look bearish per se. But notice the weight of the RED candles — we retraced right up to the ascending channel top envelope.”
4mts chart link - click here
Nifty started the day on a negative note fell to 20976 and then started recovering. The recovery was so strong and convincing that there was no level of hesitation or indecision in between. When the day ended and the price actions were recorded on the chat - it seemed like the domestic institutions came ready with their chest to pump in new buy orders.
From a technical analysis perspective, we cannot hope that dip buyers will step in and do the needful. The best I could do was to draw a Fibonacci retracement level. The final close stands at the exact 50% retracement level. The right setting for a bearish continuation should have been below 21211 ~ 38.2% retracement. The main sector that spoiled the bear’s party today was BankNifty.
63mts chart link - click here
Nifty50 takes support right at the ascending channel showing the inability of bears to overpower the bulls. I am inclined to change my stance to neutral with the developments of today. Giving the bears one more opportunity to prove their mettle, hence going with the bearish stance for tomorrow as well. All they have to do is keep Nifty50 below 21200 in the opening 2hrs for the momentum to kick in - that may require a gap down of 50+ points. Seeing how the US markets have reacted to their GDP report (strong green) - the only thing that could put them in RED would be some pointers by FED saying “...no rate cuts in 2024”
NIFTY Intraday Trade Setup For 22 Dec 2023NIFTY Intraday Trade Setup For 22 Dec 2023
Bullish-Above 21290
Invalid-Below 21240
T- 21465 21620
Bearish-Below 21110
Invalid-Above 21160
T- 20950 20770
NIFTY has closed on a bullish note today with 0.5% gain. It opened gap down and as per analysis 10 o'clock range was to be used and range broke upside above 21096 and gave a good move till 21288. Sell would have been effective only on flat/mild positive opening which did not happen and did not favor bears. Tomorrow above 21290 we can give a very good move till 21465 and that will be an intraday resistance. Below 21110 we will short.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21290 then we will long for the target of 21465 and 21620.
For selling we need a 15 Min candle close below 21110. T- 20950 and 20770.
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.
Nifty - Intraday levels & Prediction - for 22 Dec 2023Nifty Prediction for tomorrow.
BULLISH from 21200 Demand zone
BEARISH possible only below 22173
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
FEDERALBNK | Investment Pick📊 Details
The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.
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 🔍
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Nifty - Intraday levels & Prediction - for 21 Dec 2023Nifty Prediction for tomorrow.
Bearish or Sideways trend
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
NIFTY Intraday Trade Setup For 21 Dec 2023NIFTY Intraday Trade Setup For 21 Dec 2023
Bullish-Above 21230
Invalid-Below 21180
T- 21400
Bearish-Below 21070
Invalid-Above 21120
T- 20920 20770
NIFTY has closed on a bold bearish note after months. It has formed an clear cut bearish engulfing candle in daily charts with 1.41% cut. It looks like NIFTY has formed a short term top at 21600. Next important support level seems near 20750-70. We will pan bullish view from there if we get a bullish price structure in 15 Min TF. Tomorrow in case we open flat and candle closes below 21070 then 20750-70 will be tested. In case today's low is safe and we make bullish price structure in 5 Min TF then we will give a sharp pullback.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21230 then we will long for the target of 21400 and above.
For selling we need a 15 Min candle close below 21070. T- 20920 and 20770.
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.
20th Dec ’23 - 500pts Nifty Reversal Day - Stance is Bearish NowNifty Analysis
Recap from yesterday: “After surging past the 20875 levels — N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that — how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407.”
4mts chart link - click here
The craziness needed no explanation as the excess got shaved off today. Nifty hit a new ATH @ 21593 and then fell a whopping 506pts ~ 2.34% to close at 21101.5. TradingView minds section was not functioning today, and I felt really helpless to inform you when we reversed the stance.
Nifty took out the 21407 only by afternoon, but instead of going neutral - I went bearish directly. The reason was - Nifty made a climb of 146 points first and when it fell to 21400 - the fall ended up approx 193pts ~ 0.9%. That did not look like a neutral price action to me and thankfully Nifty fell another 300pts to cement that idea.
63mts chart link - click here
The price action on the 63mts TF does not look bearish per se. But notice the weight of the RED candles - we retraced right up to the ascending channel top envelope. The reason for a change in stance to bearish is just because of momentum. I will explain a bit more in the BankNifty Postmortem below.
HDFCLIFE | Swing Trade📊 DETAILS
Sector: Life & Health Insurance
Mkt Cap: 143,675 cr
HDFC Life Insurance Company is engaged in carrying on the business of life insurance. The Company offers a range of individual and group insurance solutions. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings,(Source : 202003 Annual Report Page No: 175)
TTM PE : 97.50 (Average PE)
Sector PE : 18.74
Beta : 1.00
📚 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.
3.40% away from 52 week high
Outperformer - HDFC Life Insurance Company up by 6.88% v/s NIFTY 50 up by 2.57% 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 🔍
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NCLIND | Swing Trade📊 DETAILS
Sector: Cement
Mkt Cap: 1,002 cr
NCL Industries Ltd is principally engaged in the business of manufacturing and selling of Cement, Ready Mix Concrete, Cement Bonded Particle Boards, Doors, and operates two Small Hydro Power projects.
TTM PE : 13.46 (Average PE)
Sector PE : 49.58
Beta : 0.27
📚 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
10.12% away from 52 week high
Underperformer - NCL Industries up by 5.47% v/s NIFTY 50 up by 6.73% 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 🔍
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RAMCOCEM | Investment Pick📊 DETAILS
Sector: Cement
Mkt Cap: 22,440 cr
Ramco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India.
TTM PE : 80.14 (High PE)
Sector PE : 46.97
Beta : 0.73
📚 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.
1.46% away from 52 week high
Outperformer - The Ramco Cements up by 5.23% v/s NIFTY 50 down by -1.55% 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 🔍
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MAYURUNIQ | Swing Trade📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 2,483 cr
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
TTM PE : 22.00 (High PE)
Sector PE : 61.26
Beta : 0.22
📚 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
5.50% away from 52 week high
Underperformer - Mayur Uniquoters up by 6.28% v/s NIFTY 50 up by 8.39% 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
BOSCHLTD | Swing Trade📊 DETAILS
Sector: Auto Ancillaries - Auto, Truck & Motorcycle Parts
Mkt Cap: 62,623 cr
Bosch Ltd has presence across automotive technology, industrial technology, consumer goods and energy and building technology. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems and industrial and consumer energy products and solutions.
TTM PE : 29.45 (Low PE)
Sector PE : 37.28
Beta : 0.64
📚 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
0.53% away from 52 week high
Outperformer - Bosch up by 6.54% 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 🔍
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EDELWEISS | Swing Trade📊 Details
Incorporated in 1995, Edelweiss Financial Services Ltd provides Investment Banking and Advisory Services and holding company activities
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
Nifty Intraday Prediction Levels for 19 Dec 2023The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or breakdown.
If you are a new trader then just watch (No Trade) these levels for some days.
Happy Trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
19th Dec ’23 - Nifty50 adds a NEW ATH to its kitty - 21505Nifty Analysis
Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.”
4mts chart link - click here
Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of 21337 before reversing. Quite interestingly it came to my level of 21341 and I was ready to change my stance - but the reversal came quite fast. Thank God, I didnt pull the trigger.
Guess what happened then - we had a healthy rising momentum and we took out the 21500 levels. The new ATH is 21505. After highs were hit - we gave way to profit booking and fell 76pts ~ 0.36% to close the day with just 34pts gains.
63mts chart link - click here
Nifty has positively surprised everyone this month. After surging past the 20875 levels - N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that - how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407.
Meanwhile, the Geo-political developments in the Suez Canal are looking pretty disappointing. It may take a week or two to get the real impact of it. If the ships are rerouting via South Africa - it only means higher supply-chain costs & delays. The first needle to watch maybe will be CrudeOil.