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NIFTY FIBONACCI STUDY AND ANALYSISFIBONACCI RETRACEMENT STUDY CRUCIAL LEVELS OF FIBO:-61.8% (GOLDEN) :-50% (HALF-WAY POINT) ANALYSIS: 2)NIFTY MANAGED TO BOUNCE BACK FROM THE HALF-WAY POINT 1)IT WOULD HAVE BEEN GREAT IF THE BOUNCE WAS FROM THE 61.8% MARK AS THE 200-DMA IS AT THE SAME POINT. 3)WEEKLY CHART SHOWS INDEX FORMED A DRAGON-FLY DOJI. 4)BOUNCED FROM ITS 23.6% FIBO LEVELS 5)MANAGED TO BOUNCE FROM-200 DMA CONCLUSION -INDEX WILL FIND IT HARD TO BREAK ABOVE 10730 -DUE TO HEAVY CALL WRITING @10700 LEVES -IF BREAKS THEN THERE WILL BE SERIOUS SHORT COVERING WHICH WILL PROPEL THE INDEX TO TEST 10815 NIFTY WEEKLY STUDY invst.ly
NSE:NIFTY
by manavtechresearch
KAJARIA CERAMICS CHART PATTERN ANALYSISKajaria ceramics has formed two pattern which are very strong and bullish patterns in nature. The only difference is the time-frame It managed to form "Double Bottom" on daily chart(strong buy) It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call) I am happy to see that the price has broken out of both these patterns in the same week Plus momentum indicators such as "RSI" and "MACD" have given confirmation and have gained strenth Stock is now bouncing constantly from its moving average We saw price break above 740 for the first time(on closing basis) since 14 month(0ct-16) on weekly chart WHAT DOES THIS INFORMATION TELLS US? "It tells us that the price is about to enter in a new uptrend because previously at these level "DEMAND WAS MET BY SUPPLY"(bears were in command from 744 levels) and now "(GREATER)DEMAND>SUPPLY" so we have eventually seen the stock breakout from 740(bulls are fighting hard) Now at this level bears will still fight and will try to set a trap but since the level is broken we will see short covering in the market which will pump up the market. TRADE VIEW SHORT TERM TRADERS.... BUY @750 STOP @735 TARGET @770-790(WILL TAKE TIME) LONG-TERM TRADERS BUY @750 STOP @700 TARGET @790-815-835(NEXT TWO TO THREE MONTHS) !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!! !!EVERYDAY!! !!SOON GOING TO START 9:20 CALLS IN THE MORNING!! !!EDUCATIONAL IDEAS ONLY ON SAT/SUN!! FOR BUSINESS PURPOSE CONTACT MANAV KHANDELWAL bfm,CMT.level-2,Cfa level-1(candidate) TECHNICAL ANALYST FULL TIME TRADER manavtechresereach@gmail.com FOR PREMIUM CALLS For tech queries please mail me and questions will be answered by weekends....
NSE:KAJARIACER
by manavtechresearch
INDEX WEEKLY UPDATE 1)GLOBAL UPDATE -American markets are in focus globally -bearish trendline breakdown in weekly chart -bearish engulfing on weekly chart -fed meet on wednesday -80% have factored 75 bps rate hike -20% now are factoring 100 bps rate hike -wall street is preparing itself for the volatility -major central banks are seeing pressure and are raising rate WHAT TO WATCHOUT FOR THIS WEEK -dollar index had rising from 107.8 to 109.8 -if we see a dollar index close above 111 on weekly chart -can be seen in fii selling pressure -market will not rise that easily *US-10Y BOND YIELD rising -Fii have started selling with high pressure again -rising dollar is the major cause of fii selling -major event on wednesday -volatility will remain high INDIAN MARKET UPDATE -while our data remains positive we still have to catch up with global markets -if fed takes aggressive stance of wednesday we have a rbi policy following it -rbi will have to increase aggressively also to control the dollar rise -50 bps expected by rbi -can't forecast the market now -we will have to wait and watch the market NIFTY TECHNICAL VIEW -dark cloud cover on weekly chart -divergence on daily chart -also possible double -or we might trade in the range of 17150-18100 -if we consolidate in the range of 17150-18100 it will be ideal for our posiitonal view for diwali -if market has formed a double top then it might be a trend reversal pattern -view will change once market closes below 17200 and final support of 200-dma moving average NIFTY CRUCIAL SUPPORT 17450-17350-17200 RESISTANCE CRUCIAL SUPPORT 17750-17830-17950 BANKNIFTY TECHNICAL UPDATE -divergence on daily chart -banknifty is relatively strong as compared to nifty -rising dollar will be a pain for financial stocks -if fii keep on the selling pressure we will also see banknifty fally -on weekly chart it seems like a shoorting start pattern -on daily chart we can see spinning top pattern -all signs of reversal -in any condition any correction in banknifty can be a buying opportunity BANKNIFTY CRUCIAL SUPPORT 40300-39800-39400 BANKNIFTY CRUCUAIL RESISTANCE 41250-41500-41850 FORECAST -none -wait and watch approach this week DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:NIFTY
by manavtechresearch
2
NIFTY INDEX INVERTED HEAD AND SHOULDER PATTERN SUMMARY:- -on 2 hourly chart the index has made an inverted pattern -today is expiry so move can be wild -we had discussed to re-enter in nifty above 17780 -on if we close above 177780 -good pattern if breaks opens up probability of a move towards 18100 -fii net long exposure is low -dxy reverted and has negative divergence on daily chart and weekly chart DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:NIFTYLong
by manavtechresearch
SBIN WEEKLY RECTANGE BREAKOUT POSSIBLE SUMMARY -look at the week chart of sbin -once a weekly close above 550 is achieved -positional trade opens up for 600-620-650 zone -banknifty breakout and will test new all-time high -diwali target again in sbin 620-650 -will update target -540 call option oi has seen 1.5m in short-covering -base is shifting higher DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:SBINLong
by manavtechresearch
4
INDEX WEEKLY UPDATE *GLOBAL UPDATE -wall street had a great week -we have a bullish engulfing pattern on weekly chart -a clear ascending triangle pattern can be seen in weekly and daily chart -although the current move can be seen as a short-squeeze -the rally in usa market was lead by weakened dollar and fall in crude oil prices -we had discussed it last time that we have negative divergence on dollar index chart -on the crude oil front we have something called as "death cross" -it happens when 50-day moving average goes below the 200-day moving average -all signs of positive for emerging markets -falling dollar=positive for fii flows in the indian markets -falling crude oil prices improves fiscal deficit numbers -aides many sectors also WHAT TO WATCH OUT FOR THIS WEEK -tuesday we have the cpi numbers in america -core cpi is expected to shrink to 8.1%(forecast) -it was 8.5%(previous) -a number below 8% will be considered significant for american markets -a rally of another 1000 point and eventually a breakout can be triggered -a number above 8.5 will be considered extremely negative -it can lead to retest of recent lows INDIAN MARKETS AND NIFTY/BANKNIFTY UPDATES -if you recall previously i have mentioned this many a times -Indian markets will decouple from the global markets -you know have the proof of that -we are outperforming the global markets on relative strength -recent figures of direct tax collections were up 30%(yoy) -banks credit growth upto 15% (9 year high) -banks are headed for re-rating in indian markets NIFTY INDEX SENTIMENT AND TECHNICAL UPDATE -index has finally closed above 17830 as i wanted -lets understand the view now from elliot wave perspective *wave:1 from 15200-18000(impulse wave) *wave:2 from 18000-17150(corrective wave)/(shallow correction less than 38.2%) *wave:3 from 17150-19150(read below) PATTERN IS DEVELOPING *what we know is the principle and law of wave theory *wave 3 cannot be smaller or lesser than wave 1 and wave 5 *wave 1,3,5 are all impulse wave (TRENDING WAVES) *length of wave 1=2800 *wave 3 cannot be < wave 1 *so wave 1 projection can lead to 2800 points atleast from 17150 TECHNICAL UPDATE -index has broken above major resistance zone of 17830 -we had a inverted head and shoulders breakout in nifty index hourly chart -on friday we saw some buying in the NIFTY IT SECTOR -this week i believe NIFTY IT/NIFTY BANKING SECTOR will carry the mental of breaking 18000 -banknifty has broken above 40000 and will make attempt at new all-time high sooner or later -it just a matter of time for nifty index to follow -tuesday cpi numbers can provide additional boost to the market -remember a close above 18100 will open up a move towards new all time sooner -septerber has recently seen a move of 8% average in recent year on either side -if we follow the suit the attempt at new all-time high is near CRUCIAL RESISTANCE 18050-18120 CRUCIAL SUPPORT@ 17740-17630 FORECAST -i have been long and advised long since 15700-16400 levels -i have always expected new all time high by diwali -it should come till then BANKNIFTY INDEX UPDATE -fall in the dollar index -fall in dollar/inr pair have all lead to support in banknifty -fii activity is back -they are buying stocks in cash -hot picks for them are icici bank and sbin (which we are already long in) technical update -index finally broke above 40k and started trending -banknifty is all set to go to new all time highs -in intraday time frame we have bullish flag pattern -awaiting its breakout -fii long exposure sits at 20% -and we have still rallied -imagine if this long exposure rises to 40%-45% -we will make a new all-time high in banknifty -we have a acheived the highest weekly close in banknifty -banknifty is needed to break above 18k in nifty CRUCIAL RESISTANCE ZONE 41200-41350 CRUCIAL SUPPORT 40000-39750 FORECAST -we are holding positional longs in banknifty -our target remains 41500-43000 till diwali -ruppee is expected to strength -inflows expected in icici bank and sbin -axis bank has broken a major weekly trendline (on watchlist) DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:NIFTY
by manavtechresearch
2
SAIL INVERTED PATTERN BREAKOUT SUMMARY:- *stock has broken out of inverted head and shoulders breaking out *stock is set to move higher *stock can be added on dips *metals are tricky and are affected by commodity news *but stock has covered today the gap zone SAIL OPTION BUY 80 CE SEPT BUY@5.5 STOP@2.5 TARGET@8-10-12 SAIL SPOT BUY@80 STOP@74 TARGET@85-90-95 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:SAILLong
by manavtechresearch
DLF BULLISH FLAG PATTERN BREAK IS IT POSSIBLE?SUMMARY:- -stock is on the verge of breaking out of bullish pole flag pattern -its a continuation pattern -once market starts to sustain above 365 will see a clear move towards 380-390 -396-402 is the supply zone for the stock -if that breaks then again range of 420-430 will open up DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:DLFLong
by manavtechresearch
1
INDUSIND BANK INSIDE BAR BREAK SUMMARY:- -keep an eye on indusind bank -we have a major resistance break on the cards -it can open up area of 960-1020 -possible inside bar break -morning low will be our stop in the trade INDUSDIND BANK SPOT TRADE BUY@960(wait for closing neat this level) STOP@940 TARGET@980-995-1010 RISK TAKERS AND OPTION TRADERS INDUSIND BANK 980 AUG CE BUY@27 STOP@17 TARGET@37-47-57 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:INDUSINDBKLong
by manavtechresearch
TRENT DOUBLE BOTTOM BREAKOUT POSSIBE SUMMARY -stock is breaking out of its double bottom pattern -looking good for a 10% move -keep an eye on the stock trent futures trade buy@1215 stop@1165 target@1275-1295-1345 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:TRENT1!Long
by manavtechresearch
ADANI PORTS ON THE WATCHLIST !!DOUBLE BOTTOM BREAKOUT!!SUMMARY:- -stock has broken out of a double bottom pattern on daily timeframe -today we are expecting gap-down opening -after gap-down if yesterday high is taken out then we enter fresh long in adani port -target will be 1.5 the size of pattern in adani ports -adani stocks have got fresh spring -wait and watch for inital 15 min if high is taken out we will look to enter TRADE LEVLES ARE ON SPOT BASES ADJUST FOR FUTURES BUY@730 STOP@710 TARGET@755-775-795 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:ADANIPORTSLong
by manavtechresearch
SRF BREAKING BELOW DESCENDING TRIANGLE PATTERNSUMMARY:- -stock is breaking out of its descending triangle pattern -stock on watchlist keep an eye wait for closing -it can go below 2000 stock futures short@2090 (only if market is closing below 2100) stop@2160 target@1990-1950-1910 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:SRF1!Short
by manavtechresearch
ITC FINALLY ABOVE 276SUMMARY:- *stock multiple times rejected 276 in futures *today it has sustains with short-covering and rising volumes *target on the upside will be near 285-290 *one can wait for the range to break on closing basis for positional target of 295-300 *stock is seeing defensive buying which is a good sign DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:ITC1!Long
by manavtechresearch
WIPRO INVERTED FLAG BREAKDOWNSUMMARY *inspite of rising dollar IT stocks are finding it tough *wipro has given an inverted flag breakdown *will wait for further action at the days end *already shared coforge short in the channel DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:WIPROShort
by manavtechresearch
INDUSDIND BANK H&S PATTERN BREAKDOWNSUMMARY:- *stock has created a weekly head and shoulder pattern *breakdown below 770-780 demand zone suggest a move towards 500-400 levels *yes it has come to those levels in the past *i have been negative on the index in banknifty and some major banks *please check my previous weekly and special post on index *those following me in my channel have seen action on indusind bank *it looks relatively weaker as compared to other banks *private sector banking index has a head and shoulder pattern breakdown waiting NOTE *one can go short now and keep a stop above 820 *or wait for a weekly close below 770 *its weekly so it becomes positional trade *trade can be on for few months as well TRADE INDUSIND BANK FUT SHORT@775-780 STOP@820 TARGET@700-660-600 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES
NSE:INDUSINDBKShort
by manavtechresearch
RELIANCE CHART LOOKING WEAK SUMMARY *stock has broken 200-dma support *rising trendline is broken *one needs to wait for a close below the trendline today *view is negative on reliance with positional view of 2250-2180-2120 *please check my previous weekly and special post on index *those following me in my channel have seen action on reliance DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:RELIANCEShort
by manavtechresearch
CHART UNDER OBSERVATION-2 SUMMARY *dlf has taken multiple times support @300-305 zone *it have bounced atleast 30-40 points each time *but if you watch closely the support is getting weaker as it is getting tested *the bounce is creating lower higher each time *a close below 300 will be the beginning of a trending downfall *for now chart is under observation DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:DLF
by manavtechresearch
2
BANKNIFTY AGAIN EXCLUSIVE RESEARCH (must read)VIEW *YES OUR PRIVATE BANKING INDEX IS SHOWING HEAD AND SHOULDER PATTERN ON WEEKLY CHART *IF THE INDEX BREAKS DOWN I AM EXPECTING A TARGET OF 30K-29K IN THE FOLLOWING MONTH *YES INDEX IS OVERSOLD PCR IS DOWN BUT IT DOES NOT MEAN MARKET WILL FALL *EVERYONE IS BUSY TRYING TO FIND THE BOTTOM BUT NO ONE IS TRADING WITH THE TREND charts no one is talking about indusind bank kotak bank private sector banking index icici bank axis bank now for relativeness check this us mkt index weekly chart we posted HOW WILL I POSITION THE TRADE *index has a crucial support zone of 32400-31800 *it has tested it multiple times *the bounce from those level have resulted in 4000-5000 point move atleast *so if we close below 32000 on closing basis or below 31800 for safe traders *i am expecting a move towards 30500-30000 in short-term from there the pattern can give a throwback/pullback *once below 30000 it can extend towards 27000-28000 levels DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:BANKNIFTY
by manavtechresearch
NIFTY WEEKLY UPDATE (must read)SUMMARY:- "back with weekly market update sorry for delayed post as i am sick had a medical emergency last week" "for live updates please check signature box below currently active in the channel' MARKEY OVERVIEW *check out our last few post on index *i have been somewhat accurate in predicting price moves *again we expected a fast move towards 15250-15000 which has come *for index go deeper we need a bounce that is what market is expecting *but if no us mkt overnight and still banknifty and nifty cannot bounceback 2% *then there is a lot to worry about GLOBAL MARKETS *brent crude has relax so some are expecting relief rally *understand the prices have come down due to fear of no demand and recession *russian economy is thrieving due to war *fed has yet to start bond action worth 120 billion to suck out liquidty *dow joneS has a weekly crucial support@29500 and S&P 500 @3550 *if they fail to find support over there then there is a further possiblity of 5%-7% correction *note i am at some point now expecting a bounce back in the market also *but market does not work on consensus it works in opposite NIFTY INDEX VIEW *like last week i had posted a descending triangle pattern breakdown chart *we have a confirmation of a breakdown *initial target of 15000-15200 is almost achieved *below current levels i expect marktes to test 14700-14500-14200 *if nifty eps has to correct further it should correct till 14200-14000 *if you are a long-term investor ETF first installement(25%) i would suggest to put it in NIFTY SUPPORT AND RESISTANCE LEVELS ARE BACK RESISTANCE 15650-15700-15750 SUPPORT LEVEL 15200-15050-14900 MY POSITIONAL TRADE ON NIFTY *in first week we started adding july 15400 puts and kept on adding *now we are in the money option *so looking to add on rise *nifty stop is placed@15800 on closing basis for these puts DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the link in signature box *it my personal channel for live F&O TRADES 👇👇👇
NSE:NIFTYShort
by manavtechresearch
NIFTY CAUTION AHEAD DESCENDING TRIANGLE PATTERN VISIBLE!!SUMMARY *nifty has made a clear descending triangle pattern *we have a bottom support line@15670 *once a close below 15670 is achieved *track the channel update in link below note:- *pattern yet to break *once below crucial levels will give fresh targets *members are already in nifty puts DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite
NSE:NIFTYShort
by manavtechresearch
2