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18th Oct 2024 - Sensex will replace BankNifty for Algo strategyBankNifty Stance Neutral ➡️ In last week's report, I did mention that we would be forced to exit the bearish position if we get a close above 51713. The fact is that we went above these levels by 15th October itself i.e. day 2 of this week. On Thursday, we melted and then on Friday, we saw the short covering that propelled us to close at 52138. The short covering could entirely be because of HDFC and KOTAK bank quarterly results and the short-sellers would have panicked. I would like to inform you that the results are in-line and no major surprises. If the Bears are trying to get back into the game, they may do so in the opening hours of Monday 21st. To change my stance to bearish, we would need to close below 51713 now. Meanwhile, I was backtesting and analyzing SENSEX in the hope that it could replace BankNifty for my intraday Algos. After 4 days, of analysis I have the following observations. Margin requirements for Sensex are much better than BankNifty. Exchange charges are much lower for Sensex. BSE will benefit a lot more as more traders will dump NSE. The reward to risk ratio is better for Sensex than BankNifty. The liquidity is lower and Bid/Ask spread is higher for Sensex than BN, I hope this will normalize once BN weeklies come to an end. I strongly believe my algos could run on Sensex from December month onwards.
NSE:BANKNIFTY
by viswaram
RPTECH a IPO stock's results out, what next for the stock?Results: Decent comeback quarter with solid revenue growth which reflects well with EBITDA n PAT growing at better pace Rev at 3002cr vs 2258cr PBT at 45cr vs 37cr, Q3 at 33cr PAT at 47cr vs 23cr, Q3 at 24cr Includes 10cr one off income OCF at -102cr vs -114cr TA: -Check vol on falls(red arrows) how it is decreasing means supply drying out -DTL BO (Down Trendline Breakout) anticipation -VCP in play Buying area above Pivt Point (PP: least area of resistance) 336.8 (Cheat entry) with anticipation of BO.
NSE:RPTECHLong
by takmanish007
23 Jan ’24 — Almost 1700pts fall + Support break - Bear Attack?BankNifty Analysis - Stance Bearish ⬇️ Banknifty fell an unbelievable 1696pts ~ 3.64% from the HOD to the LOD. As usual, the gap-up of 472pts would have painted the wrong picture today especially when the Traders came ready to play ICICI on the long side. Never in the day, we got a bullish signal today - it was a one way journey from that gap-up to the low of the day. 4mts chart The candle right at the support level of 45399 was the strongest - 215pts fall. This shows the strength the big-boys exerted today to create momentum. Were FIIs pissed off that we made them work on a Saturday? Both Nifty and BankNifty have the same stance (bearish) similar to the one we had on 17th Jan. When Both the indices are in the same direction, it should be a treat to watch. 63mts chart The next support comes at 44542 followed by 44068. The odd thing is that Global markets are so positive except China and Hong-Kong. And we do not have any bad local macro news except for the Sony-Zee saga and Govt. decision to increase the import duty on Gold & Silver. We strongly feel these positions are for the Budget 2024, If you have a better valid point - do mention it in the comments below. Also, we do not have an expiry tomorrow as both BN and N50 will have the monthly expiry on 25th. Strangely in Jan month, BankNifty’s last working day is the 31st on which it has a weekly expiry, but its monthly expiry is on 25th because Nifty’s on 25th. Some things you see only in India.
NSE:BANKNIFTYShort
by viswaram
20 Jan ’24 — Probably the first working Saturday for a TraderNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The last 3 candles almost gave away the clue that bearishness was ending. We would still like to see how Nifty will open tomorrow. Ideally, it should open above 21698 i.e. within the channel to cement the idea that Bears are thrown out of control.” 4mts chart Open was right at the trendline and it acted as a resistance. Nifty was unable to breach it and it meant we would have either a flat or negative day. A lot of interesting things happened today. NiftyIT moved down and ended with -371pts ~ 1.00%. Most of them would not have noticed IT falling. The banks outperformed today, Kotak +2.41%, AUBANK +2.32%, CANBK +2.22%, PNB +2.74% & ICICI +0.95%. If not for these, Nifty would have had a serious fall today Nifty’s low today was lower than yesterday’s low and it has closed the gap from 18th Jan. The OTMs of both Nifty and BankNifty were trading in green and sometimes had unusual spikes often seen during low liquidity. Despite the quick announcement to have a working day today - the actual traded volumes or contracts were not that bad either. Initially, we thought DII and FII would not participate, but they ended up selling 719 & 545 crores today 63mts chart Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this. From a technical analysis perspective, Nifty looks range bound between 21913 and 21491. Falling below 21491 could auto-trigger further shorts and it could even be an avalanche. Our stance remains neutral for Tuesday, also note that Monday will be a holiday for the consecration of Ram Mandir in Ayodhya.
NSE:NIFTY
by viswaram
11 Jan ’24 — The bulls of BankNifty has run out of fuel!BankNifty Today Analysis - Stance Bearish ⬇️ Look at what the Gap-up did today to BankNifty, it messed around with the resistance level of 47539. Was it a genuine break? Absolutely NO. Would that have shocked the Bears? Absolutely YES. Gaps are the easiest option available for the manipulators to scare off the retail crowd. 4mts chart link Again the 280+pts quick dip between 14.03 to 14.15 looked quite serious. But the dip buyers made it look like a blip over the next 15 minutes or so. Looks like BN has run out of fuel for any upmoves. 63mts chart link BankNifty is really waiting for a trigger to fall. The tiredness of the bulls is a welcome message for the bears to do their thing. Our stance continues to be bearish for tomorrow despite the neutral day today. Only when the stance of both Nifty50 and BankNifty is in the same direction - we can expect a trending market. Nifty50 could pick a direction due to NiftyIT results tomorrow, if it is down - then it will pull banknifty along with it.
NSE:BANKNIFTYShort
by viswaram
Nifty: Karnataka Election results and 11 May 2023 Expiry viewNifty - Important levels on Nifty spot for 09 May 2023 Imp levels on the upside 18343 / 18368 / 18401 Imp levels on the downside 18235 / 18208 / 18178 - Nifty rose 50 points with 0.25% rise in Open Interest. Before the Karnataka Election outcome, No signs of panic. - Just before the Karnataka Election outcome, All 3 F&O major participants have a Net Neutral kind of position in Index Futures as well as Options overall. Looks like Market participants would make a directional view after result outcome. Lets see whether Markets does any Natak (drama) after Karnatak Election outcome - Prima facie, on charts, Nifty trying to respect 18196-18235 Gap zone. Till the time above it, Bulls are in control. Bears might get active only if they sense this level is going to give up. Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
5
ONGC PSU, Good results and at verge of breakout. ONGC has posted a solid results this Q1 of FY 22-23 Stock has made higher lows and higher high formations. Successful B/O at 131.6 range of historical resistance after retesting the Point of Confluence which is support of trendline and the B/O resistance turned support. * Dividend announced of INR 3.25/- per equity share 18th Aug Ex -Div Once can enter after retesting the trendline keeping SL below the retest area/ the lower candle before B/O or according to your analysis. Targets can be set according to FIB levels and resistance levels. One can hold this stock for long term as this is one big player in Oil and Gas Industry with good dividend history. Please do a thorough analysis before entering the trade, this is not a recommendation / a trade call. Please let me know your observations / opinions in the comment box below. Please follow your risk reward appetite and your rules of trading and do not compromise with risks.
NSE:ONGCLong
by harshith67
TCS: Results, Chart set up and trading strategy TCS - the zone of 3385-3420 has played an important role for the stock From charts we observe that - it acted as resistance in June 2021 - provided support between Aug 2021 - May 2022 - With results round the corner, the stock is trading 4-5% below that level at 3277 Given the setup, one may consider to sell TCS 28 July expiry 3400 Call option currently around 37 The strategy has a 6% yield potential and covers for a rise up to 3437 till expiry Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCS
by indiamarketoutlook
Jagsonpal Pharma High Volume 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) After a TTM sales and profit growth of 24% and 83% respectively, NSE:JAGSNPHARM gave a high-volume breakout on Friday. As the market condition is volatile, one should wait for a pullback in this stock up to Rs.179-Rs. 187 range and then buy if stock prices breaks out above Rs. 213 with a stop loss just below the pullback low. Aggressive investors can buy with a stop at or below Rs. 174. Other Fundamentals: - 1. ROE at 15%, ROCE at 18%, Promoter holding at 70.3% 2. Current Ratio at 1.95 (greater than 1.5 is good), Debt to Equity at 0.06 (less than 0.5 is good and debt came down from 38 in 2016 to 7 in Sep'21), Interest Coverage at 97 (greater than 3 is good) 3. FCF to CFO at 122% (company won't need to borrow for capex in future) 4. Debtor days improved from 49 in Mar'20 to 25 in Mar'21 5. FII position increased From 0.11 to 0.20 since Sep'21 Only one negative for this company: - The company has entered into an agreement with Suvinys Developers Private Limited for Supply of Product Dydrogesterone. Suvinys Developers Private Limited will supply Dydrogesterone to Jagsonpal Pharmaceuticals Limited. Directors of Suvinys Developers Private Limited, Rajpal Singh Kochhar is also the managing director of Jagsonpal Pharmaceuticals. This may be a Red Flag.
NSE:JAGSNPHARMLong
by akashbothra
Infy: On the verge of a BreakoutInfy - the stock has seen a lot of consolidation around 1850 - 1800 zone is an important support level - above 1954 doors would open up for further upside Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone _____________________________________________________________________________________________ F&O Strategy One may consider to sell 28 April expiry 1840 Put option currently around 31 The strategy has a yield potential of 10.5% on Margin. On the downside the strategy gives protection for a fall up to 1809 odd levels on expiry day. ________________________________________________________________________________________________________________________ For more trading ideas like these Like & Follow Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFYLong
by indiamarketoutlook
Maithan Alloys 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. Either sell on initial stop loss hit or when closes below weekly supertrend After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%, NSE:MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.
NSE:MAITHANALLLong
by akashbothra
NDTV multiyear 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. First sell on initial stop loss hit or close below supertrend After a consolidation since 17th Apr'15 NSE:NDTV today with high volumes. YOY quarter sales increased by 10% and YOY quarter profit increased by 36%. It's a good multiyear breakout and can be bought at current levels with a stop just below Rs. 136. Other Fundamentals: - 1. Company has reduced debt (from 191cr in Mar'18 to 52cr in Sep'21) 2. Company has delivered good profit growth of 27.05% CAGR over last 5 years 3. Company has a good return on equity (ROE) track record: 3 Years ROE 41.08% 4. Promoter holding is high at 61.4% 5. ROE at 60% 6. Debt to equity 0.29, Int Coverage 6.69, FCF to CFO 329 %
NSE:NDTVLong
by akashbothra
2