BankNifty Analysis Since BankNifty is in the neighbourhood of support and resistance, it is quite easy to explain with examples. The open was almost inline but we started dropping fast. We gave up 438pts ~ 1.02% by 09.40. Unlike Nifty50, I did not find it that encouraging to look out for bearish opportunities. The main reason is the decay of premiums. None of the...
I am known to STICK my NECK out and then Stick to it. I do this because None other here will ENLIGHTEN the MASSES with taking any PAYMENT. The DJIA explained in detail ...... There is MORE and MORE panic in the US markets than ever before. There is an influential Twitter @ HENRY ZEBER. He is known to make BOLD calls. Yesterday he came out with a figure of 6100 on...
BankNifty Quarterly Report Banknifty is down -123pts ~ 0.28% in this quarter i.e between 28th Jun 2023 to 28th Sep 2023. It had formed a head and shoulders pattern till 16th Aug - but there was no followthrough. A second H&S pattern is underway as the first shoulder formed on 24 Aug and the head by 15th Sep. If you look at the heads of both H&S together - it...
There are multipul seller zoner and seller sl area above there are none buyers sl area below. so,buying probebility becomes high and also 50 billion from J.P. Moegen. There are multiple short cover moves upside so be cautious of selling because there are no sellers right now. and market will trap sellers so it can gain lequidity to go up ad hit SHOORT COVER area
NSE:HDFCBANK has created a Bearish Diamond Pattern in the Weekly Chart. Ideally, the Price should go down once the nearest Support Breaks and retracement happens. But trading in futures and Options is inherently Risky and one should avoid it. This analysis is for educational purposes only. Disclaimer: Stock trading is inherently risky and you agree to...
ALL ANALYSIS , LEVELS , DEEP INSIGHTS AND TARGETS ARE MARKED ON THE CHARTS THERE IS A TUG OF WAR BETWEEN BULLS AND BEARS AND NONE HAS BEEN ABLE TO COME OUT A WINNER FOR ALMOST 100 DAYS INVERTED Head and Shoulders , Head and Shoulder , Range bound...Its all to be witnessed in this single stock IRCTC is hanging in the balance in this tug of war and only time will...
BN opened at 43804 and then had a flattish price move till 13.00 after which it propelled forward like a rocket. Interestingly Finnifty's chart (which we will discuss shortly) had more thrust compared to BN & N50. The 470 pts rally we had from 13.05 to close was nothing short of remarkable. Initially the momentum was slow, but as soon as the short covering...
BANKNIFTY Intraday Trade Setup For 21 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44100 44315 Sell-Below 43560 Sl-43665 T- 43330 43075 BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a...
It is bouncing from the support zone in ratio chart. It implies that it will outperform the NIFTY in near term. Further to that, some rating agency has downgrade the India IT, it is sign that near term bottom is done in IT. Keep SL of the support zone. Here none is right all the time.
Nifty was looking fully loaded to hit a new all time high today, it ended 23 pts short! Probably Nifty50 requires more postmortem than banknifty today, so let us start there! N50 started the day gap-up thanks to the +ve handout from SPX yesterday. Once it reached the resistance zone of 18762, it lost steam and was trading sideways. All of a sudden at 13.55, N50...
Today's price action on the 3 indices NSE:NIFTY , NSE:BANKNIFTY and NSE:CNXFINANCE were conflicting due to which none of them really went anywhere. NiftyIT had a down day that doused the fire in Nifty50 to break-through the resistance of 18419. Similarly Finnifty was unable to get past 19421. From the start there was huge shorting on banknifty on CE side...
Once again I am pretty sure that NONE of you even realized the PARALLEL channel which BNF/BNS has been following since the past 2 days..... I caught on to it early and took my trades...... I was waiting for someone here to show me something like this.... but I guess everyone is clueless. Please for GODS sake understand structures and lines and retracements etc
infoedge or naukri can be sold by selling call (CE) at 4000. Rationale: Weak tech and weak nasdaq, unjustified recent rally in Infoedge. Current P/E ratio is 60, ideal P/E for naukri is 30. Target for infoedge / naukri (immediate): 3000 None of my previous targets on tradingview have missed, including report on Adani. Purely fundamental analysis. Price action...
Before we get into today's analysis let us spend some time on Inflation, MPC minutes by RBI & health of banking sector. You might be aware we have the MPC minutes & interest rate decision tomorrow. There are 3 possible outcomes status quo dovish hawkish What really prompts RBI to rate hike are 2 things Inflation Liquidity in the markets Now the last minutes...
Company is controlled by Mr. Abhishek Singhania, originally from the undivided JK group who has invested Rs. 54 crores in the past 3 FYs by way of preferential warrants converted to equity shares (average of Rs. 25/- per share)... Over and above that, through sale and income from investments/properties, it had generated 25+crores in the past 3 years... Current...
There are few important aspects to the price action today. We stuck to a small range today - it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers. So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action from the previous session. As soon as we hit the last...
Swetha madam shared today one nice observation about a down slopping channel in Nifty since last 3 months. Extending the analysis with a few other observations with some more price-action tools. Swetha madam's charing: My charting: Observations : H&S formation with a base at 16800. So for the sake of price-action, 16800 has to be retested. This is 2nd...
If you just saw the open & close price of NSE:BANKNIFTY , you would have missed the real drama of the day. A perfect day for the straddlers - but i am 100% confident none of the traders would have held onto their position till close to realize the full profits. Must admit there was no trend like yesterday, but there was spike in volatility in between - we will...