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BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -BANKNIFTY SAW VOLATILE MOVES ON FRIDAY -MOVES LIKE 600 POINTS ON THE DOWNSIDE TO 600 POINTS ON THE UPSIDE -BANKNIFTY IS GEARING FOR HIGHER LEVELS -TRADING INSIDE THE NEW BULLISH CHANNEL ON HOURLY CHART -BANKNIFTY IS GOOD SPOT -COMING TO LEVELS 29350-29600 IS THE SUPPLY ZONE FOR NOW -CRUCIAL SUPPORT COMES IN AT 28700-28600 ACTING AS THE DEMAND ZONE -EXPECT 30000 AS A CRUCIAL RESISTANCE -ONCE TAKEN OUT AND IF INDEX MANAGES TO SUSTAIN ABOVE IT -WE CAN SEE HEAVY SHORT COVERING PROPELLING THE INDEX BY 750-1500 POINTS -MONTHLY EXPIRY WEEK SO I DONOT EXPECT ONE SIDE MOVE -SO DONOT OVER TRADE BANKNIFTY RESISTANCE FOR THE DAY 29300-29660-29780( FUT ) BANKNIFTY SUPPORT FOR THE DAY 28604-29760-29000( FUT ) 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:BANKNIFTY1!
by manavtechresearch
BANKNIFTY INDEX PRICE ACTION EXPECTATED FOR THE DAYINDEX SUMMARY -WE HAVE MONTHLY EXPIRY TO DAY IN THE INDEX -DONOT TRADE AS WE CAN SEE HIGH VOLATILTIY TODAY -ONE GOOD THINK ABOUT BANKNIFTY IS THAT IT IS MANAGING TO HOLD ABOVE 24000 -LIKE EXPLAINED BEFORE INDEX HAS CREATED A BASE AND SUSTAINING ABOVE 24200 IS A GOOD THING -TRADES WILL BE AVAILABLE SOON -CRUCIAL RESISTANCE @24875 -CRUCIAL SUPPORT @23900 -NO DASH TRADES TODAY BANKNIFTY RESISTANCE FOR THE DAY 24870-24740-24380 ( FUT ) BANKNIFTY SUPPORT FOR THE DAY 24200-23950-23800 ( FUT ) 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:BANKNIFTY1!
by manavtechresearch
1
NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAYINDEX SUMMARY -"INSIDE BAR ON NIFTY INDEX ON DAILY CHART -INDEX IS MANAGING TO SUSTAIN ABOVE ITS 20-EMA AGAIN -ON HOURLY NIFTY INDICATES RESISTANCE AT 11570-11585 -AGAIN IF INDEX RANGE IS TRUE THEN A FALL TO 11380 LEVEL CANNOT BE RULED OUT -IF INDEX FAILS TO BREACH ABOVE 11585 -IF DOES BREACH THEN SHORT-COVERING DASH WILL TAKE THE INDEX TO 11605-11625 -INDEX WILL START TREDNING ABOVE 11631 -NIFTY WILL MAKE A DASH TOWARDS 11680 IF CROSSES ABOVE 11630 IN SHORT-TERM -BUT GOING BY THE SETUP I SEE HEAVY RANGE-BOUND MOVEMENT FROM 11380-11570 -ON THE OTHER SIDE IF 11382 IS BROKEN ON THE DOWNSIDE I EXPECT DASH TOWARDS 11325 -WAIT ON WATCH APPROACH IN NIFTY INDEX -TRADING OPPURTUNITY WILL SURFACE SOONER OR LATER RESISTANCE FOR THE DAY (FUT) 11525-11555-11585 SUPPORT FOR THE DAY (FUT) 11275-11300-11355 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:NIFTY
by manavtechresearch
NIFTY TRADE SETUP -SGX NIFTY IS SHOWING A GAP UP OF 75 POINTS -THIS SHOWS A POSSIBLE MOVE ABOVE 10513 -BEST PART IS NIFTY HAS CREATED "HIGHER HIGH AND HIGHER LOW" AND BROKEN OUT OF CONSOLIDATION -AND IF THE MARKET SUSTAINS ABOVE THAT WE CAN SEE BIG MOVES ON NIFTY -I AM CONSTANTLY POSTING A " BUY ON DIPS" RECOMMENDATION -THE BIGGER RANGE IS FROM 10225-10388 IS BROKEN AND SEEN A RETEST ALREADY A -INDEX WILL USE 10407-10388 AS A SUPPORT ZONE NOW -CRUCIAL SUPPORT AT NOW AT 10388 -MARKET IS FACTORING NEGATIVES AND FORMING A BASE -KEY THING TO WATCH OUT IS THE FOMRATION OF A NEW TRENDLINE ON 30-MIN CHART -PREMIUM IS IN DEEP DISCOUNT SIDEWAYS MARKET IN OPEN MIGHT LEAD TO SHORT COVERING -THE ABOVE POINT PROVED TO BE RIGHT SHORTS WERE TRAPPED OPPPOSITE CAN HAPPEN TODAY "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" NIFTY RESISTANCE FOR THE DAY 10440-10480-10540 NIFTY SUPPORT FOR THE DAY 10275-10350-10390 !!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
1
SBI STRANGLE VOLATILE TRADE STRATEGYSTRANGLE TRADE ON SBI MAY OPTIONS CURRENT FUTURE PRICE @247.75 BUY 230 PUT OPTION @2.3 BUY 260 CALL OPTION @2.85 TOTAL BREAK-EVEN PRICE IS=5.15 TARGET FOR PUT IS 8 TARGET FOR CALL IS 8 SUGGESTED LOT:BUY 3 LOTS OF CALL AND 3 LOTS OF PUT LOT SIZE:3000 NOTE:234 ACTS AS CRUCIAL SUPPORT IF BROKEN WILL BE LONG UNWINDING WILL TEST 220 IF MANAGES TO BREAK 255-258 CAN TEST 272 THERE WILL BE SHORT COVERING THE STOCK HAS CORRECT MORE THAN 20% CAN COVER 10%
NSE:SBIN
by manavtechresearch
2
KOTAK BANK BREAKING OUT OF BEARISH TRENDLINE AND CONSOLIDATION*Stock is consolidating in the zone of 1785-1755 *the stock has eventually broken out of its bearish trendline *after breakout the stock is consolidating and creating a base *the swing high of the base i 1785 *a close above the swing high will open up a possible 5%-10% move on upside in the stock *bank has been a underperformer in the recent rally from 37500-44150 *such setup usually create big moves *we will revise target if major data is available KOTAK BANK BUY@1780-1785 STOP@1749 TARGET-1@1810 TARGET-2@1825 TARGET-3@1840 NOTE -target is for short-term -once there is more data indicating a larger trade -we will shift the target higher DISCLAIMER -this is my personal view -trade according to your risk appetite -manage your risk
NSE:KOTAKBANKLong
by manavtechresearch
2
BULLISH FLAG BREAKOUT IN BAJFINANCE*stock recently broke out of a major bearish trendline *stock on daily chart near 5700-800 had shown positive divergence *band breakout plus pattern break *after trendline break the stock was consolidating after strong move up *during this period it made a bullish flag pattern BAJFIN FUT BUY@6420-40 STOP@6300 TARGET-1@6580 TARGET-2@6680 TARGET-3@6750 DISCLAIMER -this is my personal view -trade according to your risk appetite -manage your risk
NSE:BAJFINANCE1!Long
by manavtechresearch
inverted head and shoulders pattern breakout possible *stock has created a inverse pattern on daily chart *on weekly basis currently the stock is trading above the supply zone of 153-154 *if we close above 155 we will confirm pattern break *it opens up the stock for a positional target of new life-time high *initiating a positional trade in Ashok Leyland ASHOK LEYLAND CONDITIONAL BUY -WAITING FOR A WEEKLY CLOSE ABOVE 155 -OR ONE CAN LOOK TO ENTER OPITONS ASHOK LEYLAND BUY@155 (closing basis) STOP@145 TARGET@165-175-185 DISCLAIMER -this is my perosnal view -trade according to your risk appetite -manage your risk
NSE:ASHOKLEYLong
by manavtechresearch
1
ASCENDING TRIANGLE PATTERN IN WEEKLY CHART OF TCS*stock is slowly climbing from the bottom *it has been creating higher lowers *right now the stock is in the supply zone of 3480-3500 *if we move above previous week high of 3505 *will initiate a long with the low of previous week 3349 as stop *stock on weekly chart has created a ascending triangle pattern *based on the pattern i expect a target of 3750-3850 on the upside on minimum basis DISCLAIMER -this is my perosnal view -trade according to your risk appetite -manage your risk
NSE:TCSLong
by manavtechresearch
INVERTED POLE FLAG IN AMBUJA CEMENTSUMMARY -stock has created inverted pole flag pattern which is bearish -ultracemco results have been subdued -all cement stocks are taking a beating -ultracemco sets the bar -now the stock is a high beta -volatility is huge -will play the stock thru options -please wait for the stock to break and close below 500 -it will open up a move towards 470-75 AMBUJA CEMENT 500 PE BUY@16 STOP@9 TARGET@25-30-35 DISCLAIMER -this is my perosnal view -trade according to your risk appetite -manage your risk
NSE:AMBUJACEMShort
by manavtechresearch
2
NIFTY CRUCIAL UPDATE (must read)-us market near 200-wma -spy has also broken previous low -in previous update i had indicated dollar index is crucial for us -if dxy broke 110 we will move towards dot.com crash level of 120 (2000-01) -us mkt is in complete bear grip INDIAN MARKET UPDATE -the term decoupling was used by me for the first time in june -today it is visible that we are now catching with global markets -but just observe -wen last time s&p 500 and dow jone hit levels of 3650 and 29500 (today@29000) -we were trading around 15200 that time -today we are near 17000 -remember when this market makes a bottom we will outperform the global markets NIFTY INDEX CRUCIAL LEVELS "16830" -we have traded it multiple times in the past -if closes below 16830 i am expecting a test of 16480-16420 zone -so new sharp range of 400-500 will open up on downside -if we defend 16830 then 16980-17070-17225 will be upside hurdle -dont worry about the trend -a close above 17240 will again allow us to built positional longs note -fii have started again accumulating stock futures -tomorrow we have an rbi policy -expecting october month to be bullish if we manage to defend 16800 -oil and gas prices have come down sharply -although yesterday sabotage of oil reg caused some panic -i have explained earlier also -if the demand in us market dies down which is needed of the hour for them -crude oil prices will collapse -which will have a positive impact for us
NSE:NIFTY1!
by manavtechresearch
NIFTY WEEKLY UPDATE SUMMARY:- GLOBAL UPDATE *US mkt saw short-covering after good consumer and retail sale confidence *remember great the sales easier to hike interest rate *double edge sword *fed speakers used their words to remove market fears of 100 basis hike *fed fund rate forecast came down drastically from 82% to 40% also caused short-covering *as per our expectation dollar index did manage to cool down a little from 109.3 to 107.75 *usd/inr cooled down from 80.2 to 79.7 *Biden meeting with saudi to increase production has failed *metals are going more down *India is in a sweet spot as compared to the world in terms of inflation *weekend there was a major news of china real estate mortgage crisis *chineese people boycotting mortgage payments *crisis are estimated to be upto 9 trillion dollars *still record short-holders in s&p 500 and record buying in dollar long only funds *markets will react with to hdfc bank results also NIFTY CHART UPDATE *one thing which is evident in the market is that it is factoring all bad news *bottoms are rising we expect one more time market to test 15200 *but if market is resilient and is not willing to come down *thought these move comes on low volumes its better to wait for swing high to break *we want a close above 16420 on closing basis this will open up a move towards 16730-16780 *so dont be afraid to miss out in a rally by 200 points *on downside a close below 15800 is achieved then fresh shorts can enter the system *so wait and watch approach unitl market sustains above or below the levels mentioned NIFTY SUPPORT 15940-15830-15670 NIFTY RESISTANCE 15260-15420-16500 "BANKNIFTY UPDATE LATER TODAY" "NEED TO SEE REACTION ON HDFC BANK" HIDDEN LEVEL -WATCH OUT FOR TRENDLINE BREAKOUT OR BREAKDOWN -CLEARLY VISIBLE IN CHART
NSE:NIFTY
by manavtechresearch
NIFTY WEEKLY UPDATESUMMARY:- -friday we had tcs numbers -numbers were weak -we had cpi numbers by china on friday -they came higher then expected -european inflation also higher -reliance weekly double top and tcs numbers heavy weight will have effect on market -twitter drama and cpi numbers on wednesday will have a toll on usa market -dxy sustaining above 107 showing signs of moving higher -we have a target of 118-120 -mega week for usa market important economic data is lined up this week NIFTY TECHNICAL -we had a gap between 15930-16180 which has been closed -techincally we closed above 20-50 dma on friday with a hammer pattern -if we gap down on monday we will have a evening star pattern in place also -index management is on fresh longs will be executed above 16420 only we will have swing pattern break -wait and watch approach NIFTY LEVELS TO WATCH SUPPORT 16040-15950-15830 RESISTANCE 16275-16400-16520(MINOR)
NSE:NIFTY
by manavtechresearch
2
NIFTY AND BANKNIFTY WEEKLY UPDATEGOOD MORNING MEMBERS TIME FOR WEEKLY NIFTY UPDATE NIFTY INDEX -after breaking out of range last week -nifty consolidated in the range of 16470-16700 -i will not conider the open on friday as we managed to close inside the trading range again -reliance is batting for the bulls -global uncertainty will create movement in our market -oil back above $120 not good signs -rbi policy in the week banknifty looking weaker keep things simple -nifty if closes below 16380 will look for aggressive shorts -reason being that market is for now is taking support at resistance turned support zone of 16380-16420 -on safer side i will wait for a close below 16380 -if does there is a huge possibility of breaking below 15750-16420 trading zone on downside -as pattern break will fail -on the upside nifty will be a buy above 16700 only -we need a daily close above 16700 -but on the upside major hurdle comes at 16850-16970 -on downside direct support@16000-1570 -things are not looking good for now -but we will track nifty action this week BANKNIFTY INDEX -double top formation on hourly/2h chart is visible -crucial support @34800 -carried overnight shorts in banknifty -rising dollar/rising crude prices/yields are now again started trading above 2.9 -banknifty support zone is 34800-34650 -resistance at 35500-35600 -if market closes below 34700 today -it will open up downside for target of 34200-33950 note:- *banknifty on daily chart made a bearish engulfing pattern *but important thing is it trapped bulls *as it covered the three consecutive inside bar pattern banknifty daily chart banknifty 2h chart
NSE:NIFTY
by manavtechresearch
SBILIFE BULLISH FLAG BREAKOUT TRADE (positional)SUMMARY:- -stock has broken out of the bullish flag -i am recommending buy after a big bullish marabuzo candle on weekly chart -rsi now safely trading above 60 levels -one can add now or wait for a drop till 1245 to add -since its a positional trade can take upto 10-15 weeks -stop is deep so trade with proper risk management SBILIFE BUY@1268-1245 STOP@1190 TARGET@1330-1380-1420 *its a positional trade so holding period is long *we have an major event coming soon *may impact the fundamentals *price action is strong so trade with proper stops NOTE *once in profit and first target is achieved *trail your trade to short price so it becomes no profit no loss trade *do not overtrade *for more index and stock updates check the link in the signature box below *longs are active already check out the channel link *early analysis through link channel 👇👇👇👇👇👇👇👇👇
NSE:SBILIFE
by manavtechresearch