BankNifty Spot Weekly Outlook For Week May30th–Jun 03Falcon Analytics Outlook Bank Nifty for the week ( May 30 – Jun 03 )
Technically on the daily charts we see minor support on the downside for BankNifty index lies at 34164 levels,
whereas minor resistance on the upside is capped around 36263 levels.
If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33561/32958 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards major resistance at higher levels around 36719/37322.
Currently BankNifty index is just trading below 200 day EMA @ 35885 suggests long term trend is Bearish .
Falcon Analytics predicts range for the week is seen from 34164 on downside and 36719 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 37322
RESISTANCE 3: 36719
RESISTANCE 2: 36116
RESISTANCE 1: 35743
WEEKLY PIVOT LEVELS: 35140
SUPPORT 1: 34537
SUPPORT 2: 34164
SUPPORT 3: 33561
SUPPORT 4: 32958
All above views for education purpose only .
Regards,
MD .
Pullback
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 )
As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached.
Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels,
whereas major resistance on the upside is capped around 16418 levels.
If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15712/15516 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16538/16734.
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish.
Range for the week is seen from 15907 on downside and 16734 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 16929
RESISTANCE 3: 16734
RESISTANCE 2: 16538
RESISTANCE 1: 16418
WEEKLY PIVOT LEVELS: 16223
SUPPORT 1: 16027
SUPPORT 2: 15907
SUPPORT 3: 15712
SUPPORT 4: 15516
A ll above views for education purpose only.
Regards,
MD. [
GREENPANEL INDUSTRIES AT Weekly Support-pullbackit has formed indecisive candle on daily chart.
Any rally can take it upto 530 levels. however rejection at 530 levels may bring new lows.
Weekly RSI has fallen below 60 levels, indicating lost momentum.
interestingly monthly chart forming evening star. wait till month end for confirmation
otherwise a rejection at 530 levels shall confirm bearishness or consolidation on higher time frame . probably it may test 20Month MA.
Swing Trade In Reliance.Reliance has been trending after the trendline breakout and now the price is taking support at previous high and 20 period EMA. Which is supported by a bullish engulfing candle. If the current candle closes above 2606 which is the high of previous candle, Entry can be done here and if it doesn't then wait for the closing above current day high. Stop loss should be below 2500 with a target of 2820.
TIIL break out and pull back1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
with quarterly sales growth of 52%, quarterly profit growth of 69% and TTM sales growth of 38% and profit growth of 111%, TIIL gave a break out on 14th March and pulled back on 15th. If the stock starts trading above Rs. 1109 once again then buy the stock with a stop loss at Rs. 980.
Sharda Cropchem taking support 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After a quarterly sales growth of 78% and quarterly profit growth of 111%, NSE:SHARDACROP gave a big volume breakout and came down with the market crash. It's now taking support near its previous resistance. If the bounce back continues it will be a good buy with a stop just below Rs.500.
Other fundamentals: -
1. Last 3, 5, 7 and 10 year average ROE greater than 15%
2. 10 year CAGR sales growth of 18% and CAGR profit growth of 20%
3. TTM sales growth of 48% and profit growth of 29%
4. Debt to equity at 0.02, Interest coverage at 183%
5. PE of 16 is less than 10 year average PE of 18
6. Rise in registrations; strong pipeline: -
Globally the company continues to focus on identifying generic molecules going off-patent and seeking registrations, strengthening its range of formulations and generic active ingredients across Europe, NAFTA, LATAM and the Rest of the World.
The company is not looking for innovative products as it requires capital, time and resources primarily towards R&D. Being a generics agrochemical company, Sharda is able to proceed directly with the preparation of dossiers and seeking registrations after identifying opportunities in generic (offpatent) molecules and corresponding formulations and generic active ingredients.
On 30th Sep’21, it owned more than 2,324 registrations for formulations (89%) and 286 for generic active ingredients (11%) across Europe, NAFTA,
Latin America and the RoW. Besides, it has filed 1,054 applications for registrations.
7. Unique business model: -
Its unusual business model in crop protection involves identifying off-patent generic molecules (or those soon going off patent), applying for and
registering them in markets where demand is strong. During the identification process, it assesses margins, local competition and demand,
then begins the processes for registration. It has consultants who identify particular molecules and formulations. It does not manufactures any molecules. Formulations are procured primarily from China and India.
8. Intangible asset growth: -
Since Mar' 15 intangible assets increased continuously from 0 to 688.
Southern Petrochem break out1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after quarter sales growth of 15%, quarter profit growth of 832%, and TTM sales growth of 15% and TTM profit growth of 318%, NSE:SPIC give a high volume break out on 21st March 2022 after a consolidation since July 2021. Today it came down to the previous resistance zone at Rs.68-69 and gave a bounce back. Buy with a stop just below Rs. 68.
Other fundamentals:
1. The company has reduced debt from 408 crores in March 2020 to 104 crores in September 2021.
2. The company has delivered good profit growth of 43.79% CAGR over last 5 years.
Delta Corp breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after a quarter sales growth of 104%, quarter profit growth of 460%, TTM sales growth off 57% and TTM profit growth of 292%, NSE:DELTACORP gave a break out yesterday with high volumes after a consolidation since October 2021. Today the share price dropped below the previous support point of Rs.300 and bounced back. It is a buy with a stop just below Rs. 283, or it is a buy above Rs. 319 with a stop just below Rs. 297.
Other fundamentals:
1. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 20.6 (greater than 3 is good), Current ratio at 4.08 (greater than 1.5 is good).
2. Delta Corp Ltd is the largest gaming company in India and they are the only listed company in the casino gaming with 2000+ live gaming positions. They have managed to capture 55% of market share in the organized casino market and it has three major areas of business.
a. Casino's – Company operates casinos in Goa, Sikkim and Daman.
They operate 3 offshore casinos in Goa out of a total of 6 offshore casino licenses and also one land-based casino.
b. Online Gaming - Adda52.com currently offers online poker games. It currently holds number one position in India. The other website 'Adda52rummy.com' offers online games of Rummy.
c. Hospitality - Gaming and hospitality go hand in hand. Both these are mutually inclusive and reciprocating businesses, each driving the other.
3. The company is expanding its regional footprint by starting new casino center at Nepal upon receiving the gaming license in Feb 2020.
4. On Dec 12-2020 The company had received a license to establish a integrated resort consisting of hotels, convention centre, mutliplex cinema, electronic casino, retail area, water park and other facilities at Pernem, Goa.
5. The company owns 34% of Advani Hotels & Resorts Ltd which gives it the same stake in its Caravela Beach Resort situated at Varca Beach, Goa.
Jasch is keeping the fight aliveWith quarterly sales increasing by 42% and quarterly profit increasing by 68%, BSE:JASCH posted good set of numbers. This share gave breakout on 2nd Feb and was a buy with a stop at or below Rs.150. Within these volatile markets this share is coming back to it's buy zone again and again and trying to move up. It's still a buy with the same stop loss.
Other Fundamentals: -
1. Average ROE for last 5 years above 15%
2. TTM sales growth at 72% and TTM profit growth at 136%
3. Borrowings came down from Rs .23cr to Rs .3cr since Mar'19
4. Debt to equity at 0.04, Interest coverage ratio at 47.9 and ROCE at 24%
5. During FY21, the Co was able to improve the drying speed of PVC coated fabrics in its existing ovens, as a result of which the installed capacity of PVC coated fabrics being manufactured has increased from 78 lakh metres to 94 lakh metres p.a.
6. Some of the major clients of the co include Puma, Red Tape, Bata, Mahindra, Walmart, Calvin Klein etc.
7. The company has recently modified its production lines, which has resulted in development of some new products with significant saving in power and fuel. The company has been concentrating on PU resin and PU Synthetic Leather where the competition is less.
Static and Dynamic supportThis chart is explaining static and dynamic support.
here horizonal base line is creating as static support
and 200 EMA is creating dynamic support
arrow upside mark below 200 EMA is showing dynamic support for price
arrow upside mark below horizontal line is showing horizontal support line
click like button if you like this support tutorial
Banknifty Analysis Fib RetracementAs per price action Banknifty can now go in retracement period according to Fib Retracement. However the pullback won't be long enough as we can see that 37100 is a crucial support level for the index. Speaking on the retracment levels of Fib we can expect price to take support anywhere between 37900 - 37300. While on the upside recent swing high can be a resistance level.
5 Jan 2022 How to apply Ninja Scalping to Bank Nifty optionsHow to apply Ninja Scalping (Pull back method)
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
4 Jan 2022 How to apply Ninja Scalping to Bank Nifty optionsHow to apply Ninja Scalping (Pull back method)
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
3 Jan 2022 How to apply Ninja Scalping to Bank NiftyHow to apply Ninja Scalping (Pull back method)
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
CIPLA to reach 924 - Short then LongAs we can see in the above chart, CIPLA is rising for the past few weeks, and it might be up to the Daily Supply Zone. It will come down, and even though the Demand Zone is of 75 Minutes, it has the support of the 20 EMA also, which makes sure that the price might take support there. Also, the 8 EMA is above the 20 EMA, showing the chances of the price to retreat to the demand zone from the supply zone, and then to rise up again. Also, the 75 MIN Trend is up, which makes it easier for us to buy at the demand zone. So, it is short, then long.
30 Dec 2021 How to apply Ninja Scalping to OptionsHow to apply Ninja Scalping (Pull back method) to Options
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
28 Dec 2021 How to apply Ninja Scalping to OptionsHow to apply Ninja Scalping (Pull back method) to Options
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.
27 Dec 2021 How to apply Ninja Scalping to OptionsHow to apply Ninja Scalping (Pull back method) to Options
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
Disclaimer : Views, Videos and Presentations or any information shared in this channel are only for EDUCATIONAL PURPOSES and are not intended as any investment advice. Accuracy cannot be guaranteed on any information/data/facts provided. While taking any trade please do your own research and trade with your own risk management and responsibility. Please invest your money under the guidance of SEBI Registered Financial Analysts only. We are not not responsible for any decisions taken by you and subsequently leading to any profit or loss incurred by you.