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RELIANCE

The Planned Assualt on Indices ContinuesNIFTY 50 EOD ANALYSIS 17-11-21 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 17939.35 H 18022.65 L 17879.25 C 17898.65 EOD --100.55 points / -0.56% SGX Nifty 17-11-21 @ 1835h = +23 points FII DII = -405 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a gap-down and then went too close to 17900 which is one of the key levels for support and from there it rallied to 18000+. Then in its typical fashion it sold off and rested on an intraday support level and just before FTSE open, it attempted to breach P Close. And since FTSE was negative, it simply did not have to bother any more and took the path of least resistance which as of now is on the downside. Nifty thus made a lower high and a lower low. Bank Nifty also fell though in the closing stages it appeared a tad better than Nifty. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 36 Top 5 Draggers contributed = 80 Net = -44 POSITIVES Tody as well, Maruti, and Tata Motors kept a firm grip throughout the session. ITC was also acting firm and it was good to see the sleeping giant helping Nifty stay afloat. NEGATIVES The negative wave continues and scrips keep losing momentum and drifting downwards. Reliance was joined today by the HDFC twins, Kotak Bank, and Axis Bank. This is what caused the max damage to the indices. FII-DII are net sellers. TRADING RANGE FOR 18 November 2021 - Last session for the week Nifty Support 17800-900 Nifty resistance 18000-18050-18100-150 Bank Nifty Support 37800-38000-38200 Bank Nifty Resistance 38500-700-800-39000 INSIGHTS / OBSERVATIONS Another Maths Wiz day as the difference between today’s close and that of yesterday is 100 points on Nifty. That is why the heading - The Planned Assault on Indices Continues. For the first time in November, Bank Nifty breached 38000. Testing of nerves is still in progress. At times, the indices tend to open with a good gap-up after 2 or more days of down days. This IMO happens more like a trap for the retail shorters who generally act in the final phase. Let us put this reading to the test tomorrow. Here is my tweet about FII Buying and market behavior: Maruti went up more than Tata Motors, but it is not featured in the Top 5 Lifters of Nifty. Maybe this also indicates why Tata Motors is more important from an investment point of view. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 17-11--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 turn Red Faced and slide furtherNIFTY 50 EOD ANALYSIS 16-11-21 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 18127.05 H 18132.65 L 1958.80 C 17999.20 EOD --110.25 points / -0.61% SGX Nifty 16-11-21 @ 1905h = +20 points FII DII = +17 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap-up but failed to hold on to it as usual and fell 100+ points and then almost recovered the gains. This recovery turned out to be short-lived as it could not even retest the day’s high and then there was no looking back and it fell more than 150 points and failed to close above 18000 even after the close price method. Nifty thus made a lower high and a lower low. Bank Nifty underperformed Nifty by a wide margin. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 41 Top 5 Draggers contributed = 90 Net = -49 POSITIVES Maruti and Tata Motors kept a firm grip throughout the session. Infosys also remained firm. Though HDFC also ended in red, it remained more or less in check. NEGATIVES Bank Nifty family is the main cause of concern apart from the sudden fall in Reliance in the last hour or so. Bank Nifty is now within striking distance of 38000 on the downside. This is not a good sign. It is now down 3500+ points from the ATH. TRADING RANGE FOR 17-18 November 2021 Nifty Support 17800-900 Nifty resistance 18000-18050-18100-150 Bank Nifty Support 37800-38000-38200 Bank Nifty Resistance 38500-700-800-39000 INSIGHTS / OBSERVATIONS On FII actions and Nifty movements: Maruti was the star performer and is the lead contributor. It was up 7%+ and yet its contribution to Nifty is just 14 points! This is where I am not aligned with the weights that NSE assigns to scrips. There should be a better way to assign weights and record contributions. In my view, contributions should be based on the slab system. I will cover this in another post. Reliance alone contributed a -47 to Nifty whereas the total contribution of the Top 5 lifters was 41! One more reason for a relook at weights assignment. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 16-11--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
Swing Trading Opportunities for the week beginning 15-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 15-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Nifty 100 Nifty 200 Consumption FMCG IT WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18102.75 Adani Ports Asian Paints Britannia HCL Tech Hindalco Nestle TCS Wipro IDFC First Bank Damia Bharat Force Motors Hind Petro ICICI Pru Life IRCTC Jubl Food Naukri Sanofi Nazara As compared to the last week there are fewer opportunities as many of the sectors have already moved up during the week and some have become weak during the week. This means that as and when there is further buying in these sectors, Nifty may get a push-up. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 14-11--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NAZARALong
by AVENUESOFINVESTMENT
RELIANCE INDUSTRIESReliance went below the 40DEMA but it has made a comeback after touching the daily lower Bollinger band. More importantly, the daily trend indicator MACD has now turned towards bullish, but still crossover is pending in daily MACD, Overall chart structure suggests that wave 5 can be possibly unfold now. As per Elliot waves guidelines and fib levels principle it can touch 2917 levels in fourth coming sessions, On the way down, 40DEMA and the swing low i.e.2523 and 2456 respectively, will be the support levels to watch out for in the near term. All the key levels along with stop loss and targets are mentioned on chart. One can go long at current levels or in dips ( if any ). Key levels and wave structure macd in daily turned uptick, converging towards positive macd in hourly positive, uptick above zero line Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:RELIANCELong
by RK_Chaarts
Selling pressure intensifies as Indices slide easilyNIFTY 50 EOD ANALYSIS 11-11-21 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 17967.45 H 17971.35 L 17798.20 C 17873.60 EOD - -143.60 points / -0.15% India VIX = I am now dropping this from the analysis as it is not reflecting the reality. SGX Nifty 11-11-21 @ 1925h = +13 points FII DII = -1100+ Crores CHART BASED CONCLUSIONS using 5 Minutes Chart What began as a minor gap-down opening, ended up as a 200+ points fall in Nifty and at one stage it appeared that 17830-50 is going to be a big ask! Relentless selling till 1030h in Nifty was paused when there were a few attempts to lift it above 17880 but those failed miserably and finally, expiry push may have propelled it up to the closing point. Bank Nifty was even more relentless as it crawled up only in the last 90 minutes. The indices have breached what appeared to be a good set of support levels. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 14 Top 5 Draggers contributed = 62 Net = -48 POSITIVES To write something here today is a test of Optimism! Reliance managed to end non-negative and remained restrained to mildly positive and that is what helped Nifty regain sanity. IndusInd Bank of the Bank Nifty pack ended as a nonnegative scrip. NEGATIVES Bank Nifty key supports were around 38800 and 38600 and these were easily pierced and it went down to test 38350 area. This is a cause of concern as it did not find enough buyers around the level and possibly only due to expiry day pressure helped it lift above 38500. It is red all over the indices so it is a sign of caution for now. TRADING RANGE FOR 11-12 November 2021 Nifty Support 17800-17900 now revised to 17700-800 Nifty resistance 17900-50-18000. Bank Nifty Support 38000-200-400 Bank Nifty Resistance 38600-800-39000 INSIGHTS / OBSERVATIONS Well-coordinated and managed index movements is now becoming frequent. Here is my tweet to that effect: HDFC close for 10 Nov was 2945 and it had breached 2900 yesterday as well. Today also, it made a low of 2885, went up to 2920+ but then fell again and finally closed above 2900. In my view, HDFC, ICICI Bank & Reliance may hold the key for tomorrow . FIIs have kept the “Sell” button depressed leading to depression in prices and indices! What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 11-11--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
Reliance short for short termI hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NSE:RELIANCEShort
by EntryandExit
1
Reliance & HDFC rescue Nifty, Bank Nifty left abandonedNIFTY 50 EOD ANALYSIS 10-11-21 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 17973.45 H 18061.25 L 17915.00 C 18017.20 EOD - -27.05 points / -0.15% India VIX = 16.34 / +1.94% SGX Nifty 10-11-21 @ 1920h = -28 points FII DII = -+297 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened 75+ points gap-down and then sold off further to test the nerves of the bulls as it fell further to 17915. After being nervous around the level, it consolidated, and then as the European open came nearer, it started regaining the lost ground. However, its efforts were punctured by Bank Nifty as it remained extremely weak and under pressure which negated any chance of Nifty at least trying to retest the previous close. Nifty in the process has made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 52 Top 5 Draggers contributed = 48 Net = 4 POSITIVES Although Reliance also was hit in the morning, it steadily recovered and then lead Nifty to end above 18000. HDFC made a smart recovery after falling at the open and it more or less directed the moves in Nifty as can be viewed from the charts. ITC and Axis Bank were the other leading scrips that ended in the green. NEGATIVES Bank Nifty was comfortable below 39000 and most of its members were in the crying mood today. Even the usual counter-trend specialist scrip - Kotak Bank was in the red. Maruti, Infosys, and TCS also ended in the red. Bank Nifty is finding it hard to get in to the positive state as all its heavyweights have been struggling. TRADING RANGE FOR 11-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS Global cues are considered by Nifty to open or start the day, but when it comes to the closing time, despite positive FTSE which is trading around its ATH, Nifty ended in the red. I am not sure who is ensuring such a close? I tweeted in the AM session before noon re market movements as given in this linked tweet: I know that we live in a Global village (they say the world is a global village), but does it mean that we have to be always dependent on FTSE to open & NYSE to close to decide which way our stockmarkets trade So much for being an Armanirbhar Bharat! The Nifty and Bank Nifty charts look quite different today and that is what explains the closing price levels. In my view, it was Reliance that made all the difference. However, Nifty and HDFC charts are almost identical which is quite a coincidence. HDFC Bank is behaving like a chronic ailment and I am glad that I exited this long ago. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 10-11--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
4
A rangebound and choppy session forces the Indices to end in Red9NIFTY 50 EOD ANALYSIS 09-11-21 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 18084.35 H 18112.60 L 17983.05 C 18044.25 EOD - -24.30 points / -0.13% India VIX = 16.00 / -2.09% SGX Nifty 08-11-21 @ 1845h = +23 points FII DII = -1028 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap up and rallied a few more points and then went below the previous close and it never returned above that line. A very rangebound and choppy day thus ended in a mild red. Nifty breached 18000 on the downside but then quickly recovered. India Vix is misleading the reader about what transpired during the day. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 37 Top 5 Draggers contributed = 53 Net = -16 POSITIVES Nifty ended above 18000. Reliance held on to 2500+ levels and helped Nifty close above 18000. ICICI Bank deviated from the private banks pack and ended in the green. NEGATIVES When HDFC and HDFC Bank lead the pack of the draggers, it is hard for the indices to end green. And that is what happened today. HDFC Bank kept Bank Nifty nervous and weak throughout the day and did not allow it to close above the previous close. Despite FTSE being positive, our Indices ended in the red which is a cause of concern. TRADING RANGE FOR 10-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS I am wondering how much of gains is FIIs banking as they keep selling relentlessly. Today also they have sold for more than 2000 Crores and this is reflected in the SGX movement which is already at -42 around 1900h. I am also wondering why should we have a spot and a future and why cannot we trade the spot itself? The reason is -- Both the indices faced issues with the spot above the previous close but the future below its previous close. This happened several times during the day and in the end, the futures did not allow the spot to close above the line. I feel this is causing challenges to intraday traders like me. My feeling is that unless FIIs turn positive, this game may be on. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 09-11--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
2
#ATGL ADANI TOTAL GAS #ADANIENT #ADANITRANS #ADANIPOWER #ADANI #ATGL ADANI TOTAL GAS Ltd. NSE:ATGL NSE:ATGL Risky but could be a great trade RR Ratio > 2.5 CMP: 1501 Target 1940 almost 30% SL: 1326 Time < 6Months Others: NSE:ADANIPORTS NSE:ADANIPOWER NSE:ADANITRANS NSE:ADANIENT NSE:ADANIGREEN Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ATGLLong
by Rachit_Sethia
#MIRZAINT MIRZAINT #NIFTY #BANKNIFTY #FINNIFTY #NFT #CRYPTO #IOT Mirza International Ltd. NSE:MIRZAINT MIRZAINT CMP: 71.85 Target 88++ // HUGE RALLY EXPECTED 100++ SL: 63 Time Frame: < 6 months Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:MIRZAINTLong
by Rachit_Sethia
RELIANCE HAS A HUGE CHANCES TO TOUCH 2400 LEVELS I have given the reasons why I am bearish on RELIANCE INDS in the chart itself,Do have a look into it before initiating a trade in it. This is just an analysis which has a possibility to go wrong, Do trade with proper risk management and a stoploss. 2400 will be a good price to accumulate RIL for long term. DO LET ME KNOW SHOULD I MAKE A POST ON ANCHORED VWAP? FOLLOW me for more such content ahead...Till then, HAPPY TRADING :)
NSE:RELIANCEShort
by keshevdugar
9
Private Banks and Reliance paint Ithe indices Red NIFTY 50 EOD ANALYSIS 03-11-21 Here is wishing you and your families Happy Festivities! 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 17947.95 H 17988.75 L 17757.95 C 17829.20 EOD - -59.75 points / -0.33% India VIX = 16.13 / -5.45% SGX Nifty 03-11-21 @ 1855h = -14 points FII DII = Not yet updated. It is likely to be Net negative as FIIs keep selling every rise. CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a decent gap up and attempted to retest 18000 levels but was shown the downside at 17988 itself and it could never gather enough buying at lower levels to retest the day high. It then took support the opening low and rallied a bit but then soon after 1100h, the infamous sell-off commenced and in the first round it broke 17800 by a few points and then rallied almost 100 points. Thereafter it again fell almost 150 points and breached 17800 on the downside and made a low of 17757. Late recovery in Reliance helped Nifty close above 17800. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 74 Top 5 Draggers contributed = 113 Net = -39 POSITIVES Nifty somehow managed to end above 17825. SBIN post its result ended in the green. LT made its presence felt today withstanding the selling pressure with robustness and was up 4%. Infosys and TCS ended in the green. NEGATIVES The inability of Nifty to hold on to the opening gains indicates that there is weakness in-store and unless that excess supply is taken out, Nifty is likely to keep facing this kind of behavior. The above were my words for yesterday and regrettably, today was no different. Reliance and private banks maintained the pressure on indices throughout the day and especially in the PM session. Bank Nifty fell 850 points from the day high and ended 500+ points lower than the previous close which is not a good sign. TRADING RANGE FOR 04 November 2021 - The trading session is only for 60 minutes. Nifty Support 17600-17700 Nifty resistance 17900-17950-18000-18100 Bank Nifty Support 39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS Red is considered to be an auspicious color, but not in the financial world! However, indices were painted in red ahead of the Muhurat Trading which is not a good sign. Looks live a Maths wizard is driving Nifty Algo as Nifty high for the day was 100 points higher than the previous close and Nifty close for the day was 100 points lower than the close of 01-11-21. SBIN became an exceptional scrip as it was the only Bank Nifty member that ended in the green and that too post its results. Indices have also been quite disciplined in following the FIB levels - the key point is when would they take these levels as support and when as resistance is difficult to make out. HDFC Bank is losing its shine as it behaves like a cranky child who holds the key to happiness within the family of Bank Nifty. It was unusual to see Kotak Bank also join the peers in ending the ongoing Samvat Year in red. I am unable to understand what India Vix stands for and how would it go down despite the volatility is very high with very fast moves and wide spreads? It fell 5% today when there was bloodbath all over in the PM session. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 03-11--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