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NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -SGX NIFTY IS SHOWING A 40 POINT NEGATIVE START -NIFTY INDEX CREATED A INSIDE BAR ON FRIDAY AND GAPPED UP TODAY -IMPORTANT PART IS THAT THE INDEX MANAGED TO TRADE AND SUSTAIN ABOVE TO CRUCIAL POINTS -11815/11855 -BULLISH MARABUZO CANDLE AFTER A INSIDE BAR IS INDICATING FURTHER MOMENTUM -INDEX IN THE PAST HAS MANAGED TO TEST 12000 WHENEVER IT HAS CLOSED ABOVE 11850 -CRUCIAL SUPPORT COMES IN @11815 -CRUCIAL RESISTANCE COMES IN @11950 -INDEX IF MANAGES TO TAKE OUT 12015 ON THE UPSIDE THEN WE WILL SEE A SHARP DASH TOWARDS 12070 -ON THE DOWNSIDE IF INDEX BREAKS BELOW 11815 WILL BE NEGATIVE FOR THE INDEX -ANY CORRECTION TOWARDS 11815-11855 SHOULD BE A BUYING OPPORTUNITY -WAIT AND WATCH FOR DASH TRADES EXECUTE TRADE IF LEVELS ARE BREACHED SCALP TRADE WITH DASH LEVELS BULL SCENARIO -IF MARKET CROSSES ABOVE 11915 NIFTY FUTURES TRADE BUY@11918 STOP@11888 TARGET@11948 QTY=300 -IF MARKET CROSSES ABOVE 12010 NIFTY FUTURES TRADE BUY@12015 STOP@11970 TARGET@12075 QTY=300 RESISTANCE FOR THE DAY (FUT) 11945-11915-11975 SUPPORT FOR THE DAY (FUT) 11870-11850-11815 SCREENSHOT !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!HAPPY TRADING!! !!PLEASE LEAVE LIKE!! !!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!
NSE:NIFTY1!
by manavtechresearch
SYMMETRICAL TRIANGLE PATTERN BREAKOUT IN AXIS BANK -the stock managed to break-out of the pattern today by taking out crucial resistance level in the market -on lower time frames stock managed to break above the level of 440 -after lot of failed attempts it managed to surpass that level today -the stock last traded price(ltp) is at 444 -the stock is now geared up for a big rally on the upside -join the telegram group for live updates we have already taken trades today in "axis bank" BTST TRADE IN AXIS BANK BUY@442 STOP@435 TARGET@454 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! (trade active already) NEW POSITIONAL TRADE IN AXIS BANK BUY@445-448 STOP@430 TARGET-1@465 TARGET-2@478
NSE:AXISBANKLong
by manavtechresearch
11
NIFTY TREND SETUP FOR THE WEEK NIFTY TREND SETUP -from past few weeks i am explaining nifty is in a "bullish bias" -to understand please go through my nifty and banknifty posted charts -you will get an idea how we were able to maintain our bullish view -coming to the new post of nifty let see what is cooking up -our rising wedge pattern is confirmed (read previous post) -nifty is making a move to test "61.8% retracement level" -and also its 200-ema both now placed in the zone of 10420-10520 -!!yes!! again i am "bullish" this week -the reason is quite simple i don't know whether someone has noticed!! -that after the gap down on 11th march it is the first time!! -that nifty has mananged to "close above 10175" -!!yes!! nifty everytime gaped up and was sold into -this rally is different after 3 months nifty actually managed to close above the level of 10175 (please watch the "yellow" line closely on the daily chart) -this is a major reason i believe that market can test 10350-10520 beyond that we will need to dig deeper NIFTY TRADE SCENARIO -any dip towards 10160-10180 is a buying opportunity -intial target should be 10275-10320 -if breaks then we can re-enter aggressively previous post on nifty index
NSE:NIFTYLong
by manavtechresearch
4
!!MAHINDRA MOTORS POSITIVE BUILT-UP!!1)MONTHLY CHART -The stock managed to close above its previous crucial resistance zone -we saw a pennant breakout -macd turned positive -rsi at 59 needs to cross 63 for higher levels which will be achieved in the coming months -if the stock manages to close above 1478 on monthly basis then we will achieve higher levels MONTHLY TRADEVIEW BUY @1480 STOP @1430 TARGET @1580-1660 ITS A LONG-TERM TRADE FOR A MINIMUM PERIOD OF 6 MONTHS 2)WEEKLY CHART -on weekly chart the stock managed to close above 1478 which was last seen as on 4/7/2016 -rsi has gained strength -macd has shown positive momentum -we saw a symmetric triangle pattern on weekly chart -we saw a symmetric triangle-breakout WEEKLY TRADEVIEW BUY @1478 STOP @1430 TARGET @1530-1550-1580 TARGET IS NOT BASED ON PATTERN LENGTH WAITING FOR A MONTHLY CLOSE 3)DAILY CHART -rsi is at 69 which saw a sharp spike such spike show that the levels of rsi is increased till 80 but before that the stock will test 1508 before entering overbought zone -macd has shown positive crossover DAILY TRADEVIEW BUY @1478 STOP @1450 TARGET @1508
M
by manavtechresearch
2
NIFTY TRADE SETUP -SGX NIFTY IS SHOWING A GAP UP OF 45 POINTS -THIS SHOWS A POSSIBLE OPEN ABOVE YESTERDAY HIGH -BEST PART IS NIFTY HAS BROKEN ITS 200-EMA ON DAILY CHART AND MANAGED TO CLOSE ABOVE 10550 -AND IF THE MARKET SUSTAINS ABOVE THAT WE CAN SEE BIG MOVES ON NIFTY -A " BUY ON DIPS" RECOMMENDATION -CRUCIAL SUPPORT AT NOW AT 10550 -MARKET IS LOOKING TO REASON TO RALY EVERYTIME -KEY THING TO WATCH OUT IS THE FOMRATION OF A NEW TRENDLINE ON 30-MIN CHART -PREMIUM WAS IN DISCOUNT THE FUTURE INDEX HAS CAUGHT WITH THE SPOT RATE -THIS SHOWS THE SHORT COVERING YESTERDAY -NIFTY NEXT TARGETS 10620-10740 -NIFTY INDEX CAN LOOK TO TEST ITS 200-SMA PLACED AT 10890 "BIG MOVES CAN BE EXPECTED" "HINT IS IF MARKET OPENS ABOVE 200-EMA PLACED AT 10513" "SUSTAINS FOR A THE FIRST 30-MINS AND CREATES A NEW MORNING HIGH" "NIFTY THEN IF MANAGES TO CLOSE ABOVE 10540 THEN WE WILL SEE 10740-10810" "PLEASE NOTE THE ABOVE READING IS BASED ON PRICE ACTION TO BE EXPECTED" "PLEASE WAIT FOR CONFIRMATION" "ALL PROVED TO BE RIGHT YESTERDAY" NIFTY RESISTANCE FOR THE DAY 10620-10700-10740 NIFTY SUPPORT FOR THE DAY 10550-10520-10480 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!! READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
NSE:NIFTYLong
by manavtechresearch
INDEX WEEKLY UPDATE GLOBAL UPDATE -we had a discussion two weeks ago in our small community -we discussed that usa market may have bottomed out with 75 bps rate hike factored in nov -the reason being that markets in usa usally bottom out six months ahead of fed pivot -market has now factored in the worst -mid-term election coming up in the america -dollar index negative divergence in full action -dollar index giving signs of global market bottoming out -signs of pivot is being sensed by the market -on the technical front the levels double bottom breakout in sp 500 and dow jones -the big bear trendline is also about to be tested in dow jones -double bottom is a good sign of trend reversal signal -bearish trendline breakout will be used for confirmation -on the otherside japan markets are at record lows -more quantitative easing was seen with 220 billion dollar INDIAN MARKET UPDATE -our markets are in sweet spot -excellent numbers by banks -psu bank looking strong -dollar index topped out is the biggest thing for the financial stocks -observed something important -dii have handed over the baton to fii to carry the markets higher -fii long exposure now at 57% -the important thing in this rally is that index is being managed by index heavy weights -reliance lt and maruti all looking strong -we are looking strong now and finally it seems we are ready to break 18000 NIFTY TECHNICAL -sgx has tricked everyone quite a few times -we are trading in a rising channel in 30-min chart in nifty -major level are being taken out -now for nifty the crucial level to watch is 18070-18120 zone -if this zone is taken out we are moving towards all time high -nifty resistance level of 17780-17830 now will act as support after gap-up -note we are gap-up and sellers are pushing market lower and then covering shorts in closing -one fine day this will stop and we might see follow throug on one side -30 mins above 18050 will lead to major short-covering CRUCIAL SUPPORT 17780-17730-17650 CRUCIAL RESISTANCE 17860-17950-18040 BANKNIFTY TECHNICAL -banknifty did not participate on friday -but did see short-covering in last 30-min -banknifty on the verge of making a new all-time high again -psu bank stock are telling you the story -the results posted by banks gives us an indicating of the strength in the banking system -dollar index cooling down will provide boost to indian financial market -expecting a strong rally after the fed event and the rbi policy is over after 4th nov -technical banknifty is strong in higher time-frame -but is loosing strength in smaller time frame to nifty -all good signs consolidation before major event -a move above 42000 is end game for shorts CRUCIAL SUPPORT 40700-40500-40300 CRUCIAL RESISTANCE 41450-41650-41850 NOTE -index is at crucial zone -sgx nifty is daily giving false signal -if we do open above 18000 -we will see major shorts being trapped -open in the zone of 17930-17980 will initally trigger algo shorts -but eventually it needs to be seen how the dip is brought -we will eventually then see short-covering towards the second half of the day -question is are we going to see the same price action from past 3 days or we are going to trend now -hidden chart pattern in nifty monthly INDEX WEEKLY UPDATE DISCLAIMER:- -the above view is my personal opinion -please take adivse of your financial adviser -please manage risk -do proper risk maangement LINK IN SIGNATURE BOX BELOW -for live updates on stocks and index -please check the channel link below -i am active on channel only during live market hour -go follow for further updates -check the link in below box
NSE:NIFTY
by manavtechresearch
!!NIFTY POSITIVE BUILT-UP!!-The index managed to sustain the gap-up which we saw and the result was we have a break-out of the flag pattern which i have already explained in the previous educational chart -Now looking at the indicators 1)RSI ITSELF HAS SHOWN BREAKOUT OUT OF THE FLAG PATTERN 2)MACD HAS SHOWN POSITIVE CROSS-OVER 3)ADX HAS SHOWN POSITIVE CROSSOVER - There can now be two outcomes that:- 1)The index will close the gap-up distance and trade on the negative side and will confirmation whether its a flag or a descending channel.(highly unlikely) 2)The index will manage to show another strong gap-up which will shown further strength the index will lead to higher levels and will give confirmation of flag pattern. (most expected due to gujarat election result) NOTE:- DUE TO HOLIDAY SEASON THE INDEX MIGHT SEE SUBDUED MOVEMENT DURING THE LAST TWO WEEKS ANYWAY IF THE ABOVE THING TAKE PLACE WE WILL SEE HIGHER LEVELS IN THE COMING MONTH.
NSE:NIFTY
by manavtechresearch
9
NIFTY TRADE SETUP FOR THE DAYINDEX SUMMARY -SGX NIFTY INDICATING A 70 POINT GAP-UP -AFTER BIG BEAR ROAR ON WEEKLY EXPRIY DAY BULLS SHOWED SOME SIGN OF FIGHT ON FRIDAY -NIFTY ON FRIDAY CREATED A INSIDE BAR PATTERN ON DAILY CHART -INDICATING INDECISIVENESS IN THE MARKET -SUPPORT ZONE COMES BELOW 11625-11585 -FIBONACCI INDICATES 50% AND 61.8% RETRACEMENT LEVEL AT 11630-11540 ON HOURLY CHART -IF INDEX STARTS TO TRADE BELOW 11580 WILL BE EVERY NEGATIVE -ON THE OTHERSIDE FOR INDEX TO MOVE HIGHER WE NEED TO SEE A INITIAL MOVE ABOVE 11815-11855 -LIKE IN THE PAST I HAVE MENTIONED WHENEVER INDEX CLOSES ABOVE 11853 IT MANAGES TO CROSS ABOVE 12000 -IF INDEX MANAGES TO TAKE OUT PREVIOUS HIGH OF 12015 INDEX CAN RALLY TO 12075 -WAIT AND WATCH APPROACH ON THE INDEX -WAIT FOR THE INDEX TO CROSS LEVELS TO ACTIVATE DASH TRADES NIFTY RESISTANCE FOR THE DAY 11795-11815-11854 (FUT) NIFTY SUPPORT FOR THE DAY 11680-11630-11580 (FUT) NIFTY FUTURES DASH TRADES BULL SCENARIO -IF INDEX CROSSES ABOVE 11815 AGAIN BUY@11817 STOP@11795 TARGET@11850 QTY=450 BEAR SCENARIO -IF INDEX CROSSES BELOW 11675 SHORT@11670 STOP@11705 TARGET@11630 QTY=450 SCREENSHOT
NSE:NIFTY1!
by manavtechresearch
BANKNIFTY TRADE SETUP FOR THE DAY-I HAD SHARED A WEEKLY IDEA OF BANKNIFTY ASCENDING CHANNEL PATTERN -INDEX MANAGED TO REVERSE FROM THE SUPPORTED TRENDLINE -BANKNIFTY DOWNSIDE LOOKS CAPPED BECAUSE THERE ARE MULTIPLE SUPPORTS -FROM MOVING AVERGAGES TO FIBONACCI LEVELS TO SUPPORT ZONES -CRUCIAL SUPPORT IS PLACED AT 21960 AND 21600 -INDEX DID NOT ONLY CONQUER 2196O IT MANAGED TO CROSS ABOVE 22000 AND CONQUER ITS 20-EMA -WHICH IS A GOOD INDICATION THAT THE CHANNEL LEVELS ARE RESPECTED -CRUCIAL RESISTANCE IS PLACED AT 22440 FOR THE BANKNIFTY -THE WAY BANKNIFTY IS SETUP CAN TEST 22800-23070 SOON ONLY HURDLE IS 22440 -BANKNIFTY CAN BE PROVIDED STRENGTH BY KOTAK AND ICICI BANK -WE DID SEE SOME SHORT COVERING IN ICICI BANK YESTERDAY -ONLY PROBLEM IS THAT BANKNIFTY FUTURES IS IN 100 POINT PREMIUM -WHICH I EXPECT THE MARKET TO CLOSE THAT PREMIUM TODAY BANKNIFTY RESISTANCE FOR THE DAY 22440-22800-23070 BANKNIFTY SUPPORT FOR THE DAY 21660-21812-21960 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
NSE:BANKNIFTYLong
by manavtechresearch
BANKNIFTY WEEKLY SETUPBANKNIFTY WEEKLY SETUP -BANKNIFTY EXPIRY BARILY MANAGED TO HOLD ABOVE 22400 ON FIRDAY -IT ALMOST CLOSED NEAR THE LOWER END OF THE RANGE OF 23070-22400 -ANY DIPS TOWARDS 22400 SHOULD BE USED TO BUY INTO THE INDEX -TRENDLINE SUPPORT ALSO SEEN IN BANKNIFTY INDEX -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -NEXT TARGET ON BANKNIFTY 22800-23070-23480 -I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400 -BREAK ON THE UPSIDE WILL LEAD TO TEST OF 23250-23460 LEVELS -BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK -"WAIT AND WATCH" -BUY WHEN INDEX CROSSES ABOVE 23080 BANKNIFTY RESISTANCE FOR THE DAY 22680-23080-23225 BANKNIFTY SUPPORT FOR THE DAY 22480-22380-22293 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
NSE:BANKNIFTYLong
by manavtechresearch
BANKNIFTY TRADE SETUP -BANKNIFTY EXPIRY RANGE OF 22400-23070 WAS VALID -IT ALMOST CLOSED NEAR THE UPPER RANGE -BANKNIFTY IS IN A STRONG UPTREND -ANY DIPS TOWARDS 22700-22600 SHOULD BE USED TO BUY INTO THE INDEX -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -AND IT MANAGED TO HOLD ABOVE IT FOR TWO DAYS AND TODAY IS WEEKLY CLOSE SO MUST STAY ABOVE THAT -NEXT TARGET ON BANKNIFTY 23070-23480 -I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400 -BREAK ON THE UPSIDE WILL LEAD TO TEST OF 23250-23460 LEVELS -BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK -"WAIT AND WATCH" -BUY WHEN INDEX CROSSES ABOVE 23080 BANKNIFTY RESISTANCE FOR THE DAY 23080-23225-23460 BANKNIFTY SUPPORT FOR THE DAY 22680-22480-22380 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
NSE:BANKNIFTYLong
by manavtechresearch
BANKNIFTY TRADE SETUP-BANKNIFTY SHOWED VOLATILE MOVEMENT YESTERDAY -TODAY IS EXPIRY EXPECT THE SAME -BUT YESTERDAY BANKNIFTY AFTER SHARP REVERSAL FOUND SUPPRT ON ITS 100-EMA(DEMA) -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -AND IT MANAGED TO HOLD ABOVE IT -NEXT TARGET ON BANKNIFTY 22800-23070-23480 -YESTERDAY TWO OF THE INITIAL TARGET WAS ACHIEVED -I EXPECT TODAY MARKET TO TRADE IN THE RANGE OF 23070-22400 -BANKNIFTY HAS MANAGED TO BREAK ITS 4-MONTH TRADING RANGE SO IT WON'T BE EASY TO ENTER BACK -"WAIT AND WATCH" BANKNIFTY RESISTANCE FOR THE DAY 22820-23080-23225 BANKNIFTY SUPPORT FOR THE DAY 22480-22380-22300 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!!
NSE:BANKNIFTY
by manavtechresearch
1