BankNifty Analysis
The patterns and price action on BankNifty were interesting today. For the first time, I noticed a dichotomy with Finnifty’s points. BankNifty and FinNifty had a variance of 0.5% index-to-index basis. This gap remained as such for the entire day. I do not remember the last time they had a sizeable gap. 81.57% weighted stocks in Banknifty have a...
INFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline.
Stop Loss: SL has to be below 1,325
Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong...
Overview of Nifty IT index.
Nifty IT index trading at 52-Weeks high.
The Nifty IT Index tracks the performance of 10 Indian IT companies listed on the National Stock Exchange (NSE). It calculates values using the free float market capitalization method, starting with a base date of Jan 1, 1996, set at 1000. This indexing measures the total free float market...
Nifty Today’s Analysis
Recap from yesterday: “We have the Nifty expiry tomorrow and as it stands the OTM premiums are pretty low indicating the option sellers are not expecting a big more tomorrow. In case we pick a direction tomorrow, the short sellers (PE or CE) will have to run for cover and that could spike the option premiums. I am going with a neutral...
Nifty Analysis
Recap from yesterday: “But from a real price action perspective, I have changed my ultra short-term stance to neutral now. To gain back the bullish momentum, Nifty has to close above 21037. To go bearish, Nifty has to fall below 20691.”
4mts chart link - click here
Nifty does a classic U-turn today, around the 20770 levels. For a moment I...
Right time to invest.
fundamentally good.
.
Entry:425
target:435 / 459 / 531
stoploss: 415
major stoploss/ support: 399
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Enter conservatively after "425"
.
IT stocks are going to boom.
long term investment; min 20% return.
huge potential is there.
Long term holding ;
if you are interested in invest NOW, go for it with small risk,
.
.
.
. more than that ...
Nifty Analysis
Recap from yesterday: “For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.”
4mts chart link - click here
Even though we had a gap up opening, the same did not sustain and the round of selling...
What Does a Cup and Handle Pattern Tell You?
American technician William J. O'Neil defined the cup and handle (C&H) pattern in his 1988 classic, How to Make Money in Stocks, adding technical requirements through a series of articles published in Investor’s Business Daily, which he founded in 1984.
1
William J. O'Neil. "How to Make Money in Stocks." McGraw-Hill...
🐂 Market Outlook
📈 NIFTY continues its upward trend, while Banknifty indicates signs of profit booking.
📊 Chart Analysis:
NIFTY exhibits a hanging man, while BANKNIFTY shows a bearish engulfing, suggesting a potential pause or dip.
📈 Open Interest:
Option chain remains neutral with support at 20900 and resistance at 21000.
🔄 PCR (Put-Call Ratio):
PCR at 0.8...
NSE:WIPRO
Wipro Ltd. is a global information technology, consulting, and outsourcing company, that engages in the development and integration of solutions.
Technical Analysis
= Ended Elliot Correction wave at major support Zone.
= Formed a doji bar on daily chart and 5 day consolidation range.
= RSI and stochastic are rising from below.
= The Nifty IT...
"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the...
Nifty important levels to watch are as follows
#Support: 19785
Sell below: 19785 only on 15 minute candle closure below the level.
Target 1: 19730
Target 2: 19640
#Resistance: 19835
Buy Above: 19835 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19930
=> # Remember each level will act as a support and resistance individually...
👑Royal Trade👑
CNXIT IMPORTANT LEVEL
we buy Put and my Target in videos
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share...
Stock formed a Price Action Pattern Flag and Pole and a Strong Breakout.
CMP : 516
Target : 580
Stoploss : 484
This is not a buy or sell call, this analysis is shared for educational purpose.
Nifty important levels to watch are as follows
#Support: 19330
Sell below: 19330 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19270
Target 3: 19250
#Resistance: 19365
Buy Above: 19365 only on 15 minute candle closure Above the level.
Target 1: 19390
Target 2: 19420
=> # Remember each level will act as a support and...
"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it...
👑Royal Trade👑
CNXIT IMPORTANT LEVEL
we buy Put and my Target in videos
Dont buy any trade without stop loss
This is only level we upload new idea in morning 9.30
Buy when Market Break
The support or Resistance
and wait for the closing and
set stop loss at the
last opening of the candle.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share...
