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Niftymedia

14th Dec ’23 - Markets break out yet again! Nifty50 ATH 🐂🐂🐂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 stance for tomorrow also and wish to go bullish above 21037 and bearish below 20702.” 4mts chart link - click here. Guess what happened today? The CE short-sellers ran for cover as the pre-open indicated a mega gap up. Rightly so, we opened 182pts higher after FED announced plans to cut rates thrice in 2024. US markets were overjoyed and its spillover effects fell on Indian markets as well. Since the opening was above my target of 21037, I had to choose the bullish direction. You wont believe how hard NiftyIT rallied today, +3.5%. The main reason we had a retracement over the last 2 to 3 sessions was NiftyIT. And its reversal helped Nifty50 hit a new ATH of 21210.9 today. 63mts chart of NiftyIT - click here See the chart of NiftyIT. Between 12th and 13th December we fell 3.25% ~ 1098pts. And from those lows, it rallied 4.89% ~ 1599pts including today’s gains of 1156pts. Not just IT, almost all the sectors were in green today except for maybe NiftyMedia. 63mts chart - click here Nifty has shown it is stronger than thought by bouncing off the channel's upper boundary. For tomorrow, my stance is revised to bullish. Since we are at ATH, I do not have an upper target, but my support level will be 21037.
NSE:NIFTYLong
by viswaram
Nifty Media is preparing for long run after so long.Underlying stocks such as PVR and INOX are already started to move and has given around 20% and 30% returns in last month itself...Media is getting huge upside potential at low downside risk. I am just doubted that media will retest the setup or not...Starting to add low quantities in media would be good option. News are also flowing in market regarding opening of theaters from 22nd Oct. Here are some of the Media stocks for watchlist. 1. PVR 2. INOX Leisure Ltd. 3. Zee Entertainment 4. Sun TV 5. TV18 6. Dish TV 7. Network18 8. Saregama India Personally i am planning to capture around 40-50% on media. Hope for the best...Thanks for reading...Have a good day :)
NSE:CNXMEDIALong
by Troex
MEDIA SECTOR OVERALL ANALYSIS💢All studies explained in the chart💢 Try to compare with nifty media.🍂 👉comment your view below ✔ZEEL 🎲 ✔HINDUSTAN MEDIA 🎲 ✔ENIL 🎲 ✔UFO 🎲 ✔DB CORP 🎲 ✔HT MEDIA 🎲 ✔NDTV 🎲 ✔JAGRAN 🎲 ✔TV TODAY NETWORK 🎲 🍂Can you find any similarities in these stocks. ✔ Maybe can see a BIG BREAKOUT in media sector.so watch it in coming days.but note guys,funda not atractive.🎀 study well if u entering🙏 like🎀comment🎀support
NSE:CNXMEDIALong
by ANKITHSHAJU
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