NITY SMALL CAP VIEWNIFTY SMALL CAP 100 - Start keeping an eye on these... INDEX speaks more thing on larger view...
On verge of the breakout.. Next week it will give confirmation..
They have been into some decent correction but now they have started finding some good support.
In this case,0.786 came as the final support which is holding the INDEX and so it has started making the base around that area.
Start keeping an eye on these.
Hope this information helps.
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Nifty Small Cap 100 index falls in five wavesThe hourly chart of the Nifty Smallcap 100 index now shows a five-wave decline. In Elliott wave analysis, a five-wave move in any direction is directional. Meaning that it tells us which side the trend is. From that point on, every bounce becomes an opportunity to sell because the trend is down. The smalcap index was the last man standing in Indian markets, going up for 10 consecutive days. Now, it has reversed hard to the other side. Today, it is testing the 20-day moving average as well.
Nifty Small cap Index comparison with better performing stocksNifty Smallcap index is down 20% YTD and 25% from YH to YL. A comparative analysis on the stocks which have performed better price-wise. Chances of a future super former emerging from this list are relatively high. will narrow this list down with earnings strength.
NIFTY SMALL CAP 250 ROAMING around middle of the channel.it has to break above the supply zone and sustain for 1 day.then the target will be on the uppen end of the channel at 16500.
IF DEMAND zone at 15800 is broken then will go down to bottom of channel 15300.
IF FOUND USEFUL KINDLY CLICK BOOST ICON
NIFTY SMALL CAP 100 Hello & welcome to this analysis on the index
The index has had a dream run since April of this year.
What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking?
Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for what is to come.
One should avoid fresh aggression at current levels in it and set trail stop loss triggers based on risk appetite at this juncture.
Happy Investing
We are still in RED (for 22nd April)Corona virus India figures:
Sunday, 18th April : 2,61,500 new cases (over previous 24 hrs), 1501 deaths
Monday,19th April : 2,73,810 new cases (over previous 24 hrs), 1619 deaths
Tuesday, 20th April : 2,59,170 new cases (over previous 24 hrs), 1761 deaths
Wednesday, 21st April : 2,95,041 new cases (over previous 24 hrs), 2023 deaths
These are the figures everybody is looking at. Not Dow Jones, not Nasdaq, not Hang Seng, no foreign market indices. We are still in deep red. And when there is fear of any kind, FIIs Sell. That’s what they did on Tuesday (-1082 Crs) and even though DIIs bought more (+1323 Crs) both indices fell. How and why? Simple- FIIs are known to buy large cap & Nifty stocks so when they sell, they sell large cap Nifty stocks, DIIs on the other hand are diversified in their purchase and hence you see Nifty midcap 50, Nifty midcap 100 & nifty small cap 100 gain, albeit by small percentages. However, FIIs were net buyers in index futures (+307 Crs) if that gives any comfort but net sellers in stock futures (-442 Crs). And that tells me that FIIs are are not in ‘ Sell-all’ mode as of now but they are booking profits in peaked up stocks and are cautious as far as buying is considered. In such circumstances, there is no point of analysing option chain data. As for charts, Monday’s low (14191) was likely to provide support but as of now SGX Nifty is trading at 14066- much below that support, so expect gap down opening tomorrow. If by any miracle, Nifty rises above Tuesday’s close, I have market 2 resistances where you can Sell- it still is ‘sell on rise’ market so do not attempt to buy at so called ‘support’. There is no convincing support, frankly.
Disclaimer: I have sold both Call and Put options of tomorrow’s weekly expiry.
Small-Cap Gem: Riding the Bullish Wave with BLKASHYAPTrade Idea: Long
Asset : BLKASHYAP - NSE
Timeframe : Weekly and Daily
Sector Outlook : Bullish for the Coming Season/Cycle
Market Context:
The Nifty Small Cap Index is currently holding onto demand and remains in an uptrend, providing additional market support for small-cap stocks.
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is exhibiting a bullish trend, suggesting strong upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe also shows bullish signals, reinforcing the positive outlook for the asset.
50 EMA (Exponential Moving Average): The 50 EMA is indicating strength and readiness for an upward movement. This moving average acts as a dynamic support, further supporting the bullish bias.
Trade Rationale:
The technical analysis on both weekly and daily timeframes aligns with a bullish outlook.
The positive sector outlook adds an additional layer of confidence to the trade, anticipating overall market conditions to favor the asset.
The Nifty Small Cap Index holding onto demand and remaining in an uptrend further supports the bullish sentiment.
The 50 EMA acts as a key indicator of strength, providing a technical signal for a potential upward move.
Trade Parameters:
Entry Point: Current Market Price (CMP)
Stop-Loss: Set at the recent demand level for effective risk management.
Take-Profit : Targeting a conservative upward movement of 20% to 50%.
Exit Strategy:
Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated.
Risk Management:
It's important to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy.
Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
Indian Markets: A Perspective as on Aug 13th, 2021 While Nifty has broken out and Bank Nifty is trading above important levels and IT continue to shine, the Equal Weight Index has broken down along with Nifty Mid Cap, Nifty Small Cap and broader market Nifty 500. While there is a silver lining in them taking support at important moving average, given they have broken down on relative performance chart, all it does is leave me confused? Are we entering a phase where Nifty and Bank Nifty may shine on back of strong performance in index heavy weight HRITIK stocks (HDFC twins, Reliance, Infosys and TCS, Kotak). Only time will tell. Certain other pockets which continue to have their own tailwinds like metals, real estate and chemicals (which does not form part of any major index) may also continue to do well
Nifty Mid Cap Index Hello and welcome to this analysis
The index has always performed in line with the Nifty except in the brief period of 2018-2020 when it underperformed.
Currently attempting to break above the rising trendline formed in the Monthly time frame with crucial support near 42000 and next resistance near 45000
Check out the outlook of the Nifty Small Cap Index from the link below
Happy Investing
Mahindra CIE Automotive Ltd - Multi-year + Cup & handle Breakout📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE
📊 Sector: Consumer Discretionary / Automobile and Auto Components
📊 Industry: Auto Components & Equipments
Weekly Time Frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover .
📈 Volume is increasing along with price which is volume breakout.
📈 Script is giving breakout of Cup & Handle as mention is chart.
📈 On a daily Time Frame script is giving multiple resistance breakout as mention in 2nd chart and also rounding bottom breakout is there.
📈 Current RSI is around 73.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 317
🟢 Target 🎯🏆 - 352
⚠️ Stoploss ☠️🚫 - 302
👉Strong fundamentals, Expensive valuation
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. 1Cheers!🥂