Nifty View: Quite a muted trading session for the benchmark Nifty especially considering the fact that it was the expiry of derivatives contracts. At a close of 17,619, the index was down 89 points marking a series of lower-high and lower-low on the daily time frame. The banks are still leading this weakness, which is not a very encouraging sign as this space...
Here is a quick update for Nifty as well as Bank Nifty along with a Elliott Wave counts and the Trading Strategy to follow along for 1st October, 2021.
For continues updates like these, share and follow so that I can note your interest.
Many times signal appear late of pullbacks
we have to wait till it appears and also mind the price of signal candle
if missed then ok but dont enter at wrong price and SL always reverse signal in supertrend
we have to check, pullback, Double top/Double bottom and buy/sell signalTF will be 2/3 mins, applied only on NSE
Buy @ 437
Stop loss @ 423
Upside target @ 465 then 495
Technical:-
There is a disjoint channel pattern formed and breakout with heavy volume. So if you are interested in this stock you can go the long (Buy) side. I'm also Buy this stock in future segments.
NIFTY 50 EOD ANALYSIS -29-09-21
IN SUMMARY
OHLC
17,657.95
17,781.75
17,608.15
17,711.30
Close = -37.3 / -0.21%
H-L = 174 points
VIX 18.84 / +1.61%
FII DII: Data not available - likely to be negative.
SGX NIFTY @1950h - 17683 / -23 points
Likely open: Please read Insights at the end of the post.
CHART BASED CONCLUSIONS - 15 M Chart
A strong gap-down of 90...
Nifty View: Benchmark Nifty faired relatively better in today’s session considering a weak opening with which it started the day’s trade. At a close of 17,710, the index managed to do two good things - one did not break below yesterday’s low and two, positive participation from sectors like METALS, PSU BANKS & PHARMA. The underlying trend stays UP and with...
In this video, I share my basis for buying the shares of HDFC AMC at 2882 today morning after it fell from 6%.
If you recall, yesterday, I had shared a video why should one invest in AMC of Fund Houses rather than their MF schemes and today is a classoc example of why one should invest in its equity.
I hope you like this video which is for Information &...
bitcoin will go bearish after this pullback , wait for the confirmation ie the pullback ,
then short from that 45300+ area pull back can go upto 47000 range.
Nifty View: Quite a volatile session for the benchmark Nifty in today’s trade. At a close of 17,730 it was a negative close for the index, down over 120 points. We did notice a sharp bounce back from the index at the final hours, majorly contributed by the bank nifty and ICICIBANK to name one stock. The underlying trend of the index is still very much UP and...
