Get started

Paytm

Reliance helps Nifty end Nov series above 17500NIFTY 50 EOD ANALYSIS 25-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17417.30 H 17564.35 L 17351.70 C 17536.25 EOD 121.20 points /+0.70% SGX Nifty 25-11-21 @ 1840h = +40 points FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened flat and then sold off to retest the lows of 24 Nov around 17350. Like yesterday, it was able to generate a good amount of buying interest and then fueled by Reliance, it was able to sustain higher levels with greater ease. Clearly, Bank Nifty underperformed. However, Nifty has made a lower low and a lower high and yet managed to close in the green. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 154 Top 5 Draggers contributed = 36 Net = +118 POSITIVES Nifty ended the Nov series above 17500. Reliance single handedly changed the game for Nifty. It would be improper to give credit to any other scrip today. Infosys managed to close well above 1700. NEGATIVES Nifty retested the low of 24 Nov around 17350. Bank Nifty is struggling and is unable to generate sustained buying interest. All other leading scrips of both the indices lack momentum. HDFC ended yet again below 2900. HUL has been consistently having issues in getting investors attracted as it keeps drifting on the way down. TRADING RANGE FOR 26 November 2021 Nifty Support 17300-350. Nifty Resistance 17600 and above. Bank Nifty support = 36800-37000. Bank Nifty resistance = 37500-700-38000 INSIGHTS / OBSERVATIONS Here are the links to 2 of my tweets related to how markets were today: Nifty was up by 121 points and the net contribution by the Top 5 Lifters & Draggers is 118. Data is becoming very crucial in managing the indices. Have a look at the close of 24 Nov and today’s open - barely 2 points difference. All eyes are now on the Reliance counterpart in the Bank Nifty family - HDFC Bank and ICICI Bank. The day these two wake up, is the day when Bank Nifty is likely to outperform. The big question is when? What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 25-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Indices Stage Dramatics amid increased VolatilityNIFTY 50 EOD ANALYSIS 23-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17281.75 H 17553.70 L 17216.10 C 17503.30 EOD +86.50 points /+0.50% SGX Nifty 22-11-21 @ 1905h = +8 points FII DII = -3065 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty made a 200+ points gap down opening action and possibly surprised many traders especially those who may have taken yesterday’s low as the short-term bottom. It then found support just above 17200 and then never looked back at zones below 17300 for the entire day. However, the day was not smooth as India Vix increased to 18+ and there were fast and wild swings that are not easily seen even on a 5 minutes chart. Bank Nifty also ended in the green but relatively underperformed to Nifty. Nifty has in the process made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 42 Top 5 Draggers contributed = 24 Net = +18 POSITIVES Nifty closed above 17500. Bank Nifty closed above 37200. Reliance has finally halted bleeding was the leader of the lifters pack. From the Bank Nifty pack, Kotak Bank and SBIN have shown positivity which is good. NEGATIVES Surprisingly, Infosys fell sharply - though it recovered a bit but is below 1750 and this may weigh on Nifty tomorrow. HDFC Bank, ICICI Bank, and Axis Bank continue to remain weak and this is preventing Bank Nifty to perform at its usual level. TRADING RANGE FOR 24-26 November 2021 Just as I feared, Nifty broke the back of yesterday’s low , and made a dash towards 17200, but good support around that lifted it to where it ended. So Nifty support for the week unless broken on the downside appears to be around 17175-200. Any close below 17820 which was the resistance for 22 Nov may be used a sell trigger. Bank Nifty found support around 36600 so 36500 may be a good line of defence for now and resistances are plenty and more. INSIGHTS / OBSERVATIONS When the net contribution of the top 5 Lifers and Draggers of Nifty is only 18 out of a total positive of 86, it indicates that there was a much wider change of color from red to green. The nifty range for the day was almost 60% than that of yesterday, but volatility increased as it dipped sharply at the open. Interestingly, even though it closed above 17500, India Vix is still above 18 indicating further swings. It is said that - One hot day does not change the weather to summer. Likewise, a close above 17500 when FTSE was in the negative does not mean that the pain is all over. Bajaj Finance & Bajaj Finserv seem to work in tandem - either these are in the lifters list or in the draggers list. These two may well change the Nifty weightage going ahead. Yet again, FIIs have sold for more than 4000 Crores - so even if there is a positive open, it is more likely to invite selling. I am not sure if anyone is tracking the FIN NIFTY index as it is not seen prominently or it is just that I am not looking at it... What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 23-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
** 44% downside possible in Paytm **Paytm's business model lacks focus and direction, the company a 'cash guzzler'. Paytm's valuation, at 26 times FY23 price to sales (P/S), is expensive especially when profitability remains elusive for a long time. Most fintech players globally trade around 0.3-0.5 times PSG (price to sales growth ratio) and we have assumed the upper end of this band. We are unwilling to give it a premium here as we are unsure about the path to profitability. Key risks include change in regulations which allow monetisation of UPI and receipt of a banking license. Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:PAYTMShort
by Shruti_Advisory
PayTm, What to do ? What levels ahead ?Paytm - 1. Sell of after open and closed 27.4 % lower. 2. Two attempts were made of buying from 1600 zone - a. One from 1586 leading to 1723. b. Second one from 1616 which made lower high than previous swing meaning buyers were getting weaker. 3. Finally sustained below 1600 as buyers failed to fight the selling pressure. 4. Closed near low which means more selling likely. Highs are also being sold. 5. Measured move leads us to around 1450 level. 10% circuit leads us to 14004 levels. These will be our first levels for Monday. 6. Up side this premise will be invalidated if it sustains above 1725.
NSE:PAYTMShort
by NaveenGr
1
Hat trick of Redness by Indices ahead of long weekendNIFTY 50 EOD ANALYSIS 18-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17890.55 H 17945.60 L 17688.50 C 17764.80 EOD --133.85 points / -0.75% SGX Nifty 18-11-21 @ 1920h = -13 points FII DII = Not yet available CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened flat despite weak global cues and then rallied a bit but then reality struck and the relentless selling pressure was on a little beyond noon when Nifty broke 17700 and took support around 17690. The index then rallied more than 100+ points as FTSE was in red but not that much so Nifty also climbed to hit 17800+ but then expiry pressure put it well below 17800 and just above 17750 on an EOD basis. The session was quite choppy with fast moves on either side with wider spreads - this may be due to the hat trick in the negative bias of the market and today was also the expiry. On EOD as well as in the PM session, Bank Nifty showed better resilience than Nifty which indicates a good change. Nifty made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 21 Top 5 Draggers contributed =56 Net = -35 POSITIVES HDFC Bank, Reliance, and ICICI Bank ended in the green is a welcome change and may well help the indices restore the upward rhythm if all is well with the world tomorrow. Bank Nifty is better placed than Nifty and it made a strong-hearted effort to sustain above the P Close. NEGATIVES Nifty unable to close above 17800 is a big negative. With this, Nifty is now 800+ points down from its ATH and the retest efforts would require greater momentum than before. Bank Nifty also breached its last support at 37800 and made a dash towards 37700 but halted at 37745. Nifty keeps making lower highs and lower lows. FII-DII are net sellers. TRADING RANGE FOR 22-26 November 2021 Nifty Support 17600-700 Nifty resistance 17800 and at every 50 points thereafter. Bank Nifty Support 37500-700 Bank Nifty Resistance 38000-38200-38500 INSIGHTS / OBSERVATIONS HDFC Bank seems to have found support at 200 DMA and in its zone as its Open and Low was almost the same and it stood firm on a very volatile expiry day. Bank Nifty came to 37800 4 times and found support immediately except once when it momentarily breached and bounced back. So this may now act as good support as long as it is held on 22 Nov and if the index closes above 38000 on that day. HDFC Bank and Reliance seem to have consumed all the supplies as they were more or less firm during the day. A lot depends on the duo if the markets have to resume their upward voyage. Option premium especially in Nifty was more or less aligned with the spot during the PM session. Usually, the decay or the adjustment happens quite late trapping the option buyers. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 18-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
Why did Paytm crash? How to avoid such IPO?Why Paytm fell so much? 1. Paytm's Rs 18,300 crore IPO, which was the country's largest- this meant a large supply which needed large demand to support it's price. 2. But was subscribed 1.89 times only, this meant lack of demand. 3. Paytm is yet to turn profitable and Is likely to report losses for coming few years. 4. All above points created negative sentiments, people were looking to sell on listing but demand was not enough to support price and we had such a huge fall. How to avoid such IPO? 1. Check their financial data. Check how their business has performed and their future guidance. Different brokerage house provide these reports, check them. 2. Check subscription levels, it shows the demand or interest which is most important, should be high. If you have any doubt or query you can mention it in comments section.
NSE:PAYTMEducation
by NaveenGr