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Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs. 1. The Cup and Handle Formation. Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee should get bit stronger. 2. All time high Resistance We have seen previously, sell of from these high levels in past. 3. ABCD harmonic According to these Rupee can test Neck of Harmonic, that can be around Rs75.5 4. Fibonacci Retracement If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days. Trade on your own risk and analysis.
by About_Bazaar
Will Nifty end the week below 17000? NIFTY 50 EOD ANALYSIS 15-12-21 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 17323.65 H 17351.20 L 17192.20 C 17221.40 EOD -103.50 points / -0.60% SGX Nifty 15-12-21 @ 1930h = Flat FII DII = -2,354 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and as usual, it was sold in to and heavily as it breached 17200 as well. It then managed to recover well but hit an intraday resistance around 17280 and fell back again closer to 17200. It yet again bounced back and this time made a desperate attempt to retest the previou close which failed and then it fell almost 100 points to end below 17250. It was a very choppy day yet again. In the process, Nifty has made yet another lower high and yet another lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 58 Net = -44 BANK NIFTY WEIGHT LIFTERS & DRAGGERS Top 3 Lifters contributed = 24 Top 3 Draggers contributed = 159 Net = -135 POSITIVES Kotak Bank looks good and ended up 1%+ amidst intense pressure. NEGATIVES Reliance yet again ended below 2400 and this is going to weigh a lot on Nifty performance. India Vix has gone up. HDFC Bank is unable to sustain 1500+ levels. HDFC gets hammered upon every rise. IT big heads were under extreme selling pressure. Bank Nifty ended below the important level of 36800 and Nifty well below 17300. Net FII DII numbers are more than -2,000 Crores. TRADING RANGE FOR 15 Dec 21 Nifty Support = In view of the continued selling pressure, I move down the supports to 17050-100. Should this break, 16750-850 may open up as a support. Nifty resistance = 17300-380-400-450-500. Bank Nifty Support = 36200-500-800 Bank Nifty resistance = 37000-200-500-700 INSIGHTS / OBSERVATIONS Just because FTSE was in the red, our indices were made to fall in the last 45 minutes or so. This is what I could gather as the fall came from around key potential breakout levels that could have changed the color of the EOD prices. I have a feeling of course based on my readings that whenever indices end the session near day's low, they tend to bounce back the following day. Let's see how it unfolds tomorrow. The last time Bank Nifty made a low at or above 37000 was on 25 Nov - so much is the negativity being experienced by the index. Tomorrow is the weekly expiry so either has the potential to register a low above 37K or simply fall further. Even though Bank Nifty has ended below 36800, as mentioned in my weekly analysis, Bank Nifty is outperforming Nifty for now as for Nfty, the pressure is oncoming from HDFC, Reliance and now from the IT big heads. What do you feel about this? Here is the video link – Thank you, and Happy Money Making! Umesh 15-12-21 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
The Bull rally that very few understandWith the deadly second wave of Covid-19 and more and more states locking down the big cities, it is difficult to digest that the market is going to make new All-time highs and it would make more sense for the market to crash given the situation we are in. Having said that, we are indeed starting a new multi-month rally. Those who want to know the how and why about this rally must know about the new G-SAP 1.0 policy announced by RBI in their last meeting, it is basically a bond-buying commitment of the RBI. RBI announced that it will purchase G-Secs totaling Rs 1 lakh crore over FY2021-22. The word ‘unconditional’ here connotes that RBI has committed up front that it will buy G-Secs irrespective of the market sentiment. Sounds like QE to me. This keeps real interest rates negative and stimulates the economy. The flip side of it is that those saving in fixed income securities will eventually won't earn enough to beat inflation and will have move to equities. Coming to the Elliot waves, the (3)wave that started in May isn't over yet. After almost a two-month long wave 4 of (3) consolidation, Nifty has broken out of the falling trendline in wave 5 of (3). This should be a multi-month wave like 1 and 3 of (3) have been with minor corrections in between. In the Nifty 50 hourly charts here, wave 1 of 5 of (3) is going on right now and with (iv) of 1 going on right now (v) will start soon and can takes us 15150-15250. Channel drawn from may'20 top to feb'20 top extends to above 17000 and I expect Nifty to be there by June.
NSE:NIFTYLong
by Quasim
6
** NIFTY ANALYSIS FOR TODAY & EXPECTATION FOR TOMORROW EXPIRY **THEY SAY VOLATILITY IS NOT GOOD. I SAY VOLATILITY IS THE BLOOD OF A TRADER. MAKING MONEY IN STOCK MARKET IS EASY BUT ONLY A FEW DOES IT . NSE:NIFTY NIFTY Tomorrow Expiry – Bearish on 5 min Time Frame but as you know its expiry so anything can happen. Keep in a close look in my YouTube channel. Trade keeping in mind the Price action With Levels. MARKET CAN BE VERY VOLATILE TOMORROW. NSE:NIFTY NIFTY Next Key Levels – Resistance: R1: 14856 R2:14883 R3: WE WILL SEE Support: S1: 14776 S2:14671 S3:15627 Points to Look Out – 1. Bond Market. 2. Global Market. 3. RBI Monetary Policy data. 4. How can INFLATION resist the ECONOMIC RECOVERY OF INDIA. My Trade Setup will be shared tomorrow morning sharp at 8 am please stay connected with me. 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:NIFTYShort
by Shruti_Advisory
Federal Bank looking strong for upside Federal Bank has been in accumulation zone for the last 40+ trading sessions, bouncing around the 50-58 rupees range. We had a good breakout over 60 rupees last week but with the negative news in the market with AGR uncertanity and Loan Moratorium. Bank Nifty stocks have taken quite a beating in the last 3-5 trading session from the recent high. This is likely to be the case for a few more days until the Supreme Court comes to a decision on the Loan Moratorium in the coming weeks. Keep a note of the volume spikes seen in Federal Bank. Federal Bank is in a very good position. Verify yourselves!
NSE:FEDERALBNKLong
by jashjacob
Bank NiftyBank Nifty has attempted a bounce today after testing 62% retracement of its move from FEB 2016 low. For it start a meaningful rally it 1st needs a consolidation which could happen between 26000-22500. Failure to hold today's low opens the passage for 19000. A downtrend halts & changes 1st with swings then an uptrend starts, whichever time frame you look at it. If its V shape then be prepared that its a trap. RBI's move yesterday (Dollar Swap) to provide liquidity is a +ve indicator
NSE:BANKNIFTYEducation
by Dinesh_C_Nagpal
Nifty : Expecting Range before RBI Day...Tomorrow being RBI day its usual for Nifty to give only scalping trade chances. We slightly have a different view from yesterdays but still in-line with what we are expecting with Nifty.On lower timeframe's scalping chances will arise whether its move till 10110 or on bearish reversal with formation of double-top. Be conservative on the formation of double-top bcos it can either give a wick to upside hitting out stops or if there is formation of new high double top is failure. So, thats why this particular Double-top should be traded with care & RSI showing bit of divergence too ( not formed yet ) , check after the completion of double top whether you still have that divergence. But anyway, for next 2 days Nifty will be range only ( just expecting ) bcos of RBI day & rate cut hopes. And if these rate cuts happen, it further fuels the bulls, New highs in Nifty in coming days. Do remember these are not single day move, its overall Market Direction...
NSE:NIFTY
by InsiderB
8
Nifty : Where are My Roasted Peanuts ?! Bring it on...Hi Guys, If roasted peanuts are not your favorite snack, Get samosa n chai.. relax for the day. I guess Nifty is going to range for the day and the direction of Nifty will be decided based on RBI outcome. This time we have Monetary Policy Committe ( 6-member panel) discussing what to do with Interest rate n whats best for Economy. Actually, when Urjit patel (Deputy Governor @ RBI in 2014) proposed 5 member panel, at that time RaghuRamRajan (R3) held the top post. The suggestion was 3 members from RBI & 2 members nominated by RBI Governor, it was almost autonomous as there is no intervention from Centre. R3 did what's really good and needed for the economy during his tenure, many times he refused to cut rates ( Awesome Courage, to defy Center's request n to do what's Best for Economy ). So the central Govt. came up with plan and proposed 3 members should be nominated by Govt. so that they can intervene RBI policy decisions ( Bad for autonomous institution like RBI ). Frankly speaking I'm frustrated , annoyed also bcos Central Govt. didn't even try to retain R3. You won't get Economists like R3 who served as Chief Economist at IMF & had contradictory view on Global economy when everyone said world economy is good (2008 crisis). I don't underestimate Urjit & other deputy governors but Raghuram Rajan is real Rockstar Banker. Coming to analysis, I'm not sure why I always try to contradict the market or other expert views ( Kinda R3 effect ? :P ), till RBI meet is over market will range in our zone, it opened right in Bull vs Bear (fight arena ) let them fight and someone will win, we will take that direction. But, I will watch keenly for bearish price reversal confirmation in the zone and love to short Nifty. Probably, a rate cut can send Nifty to volatile mood,thats why I'm suggesting, Grab roasted peanuts or samosa chai & watch Bull Bear ( B vs B fight ) till 11 am... oh wait, new Monetary Policy Committee meetings outcome will be known by 2.30pm only... Cancel that Peanut,Better Order Biryani... Eat & Sleep...
NSE:NIFTYShort
by InsiderB
11