TCS 100% Profit Trade🤑#we will make only profit.
1st Today starting 45 min market Go up than its a strong chance we can achieve 2 Target but if any Bad News came than TCS achieve 1 Target .
2nd If you know Price action than se its a breakout But Not confirm Now.
3rd Today will be Clear we go up or Down.
4th All MACD try to be Enter in a bearish Zone.
5th stop loss jetna aap dene ko Ready ho
6th Play safe in Market There is No Guaranty in NOV<DEC<JAN Because Market Crash Any Time With Small Useless NEWS
#If you need any help comment or message me.
Sensex
Crucial Support and Resistance levels for NIFTYCrucial Support and Resistance levels for NIFTY . Nifty has taken a good support as per the trendline drawn in the chart and expected to give some short recovery from the current level.
I have revised the levels basis today's bottom. I think NIFTY has very strong support at 17200 levels. Go long at CMP!
Nifty 50 Short Term AnalysisThe index has broken the trendline support in daily candlestick chart, therefore it looks bearish for the short term. It may take support in the lower trendline and may bounce back. Nifty has strong support at around 17500. If Nifty Breaks the above said supports, It could lead to further Bearishness and correction.
NIFTY AND SENSEX ANALYSISIndian economy is recovering rapidly after corona virus pandemic crash but rising crude oil prices and inflation is a issue of worry for Indian Equity Market.
Things agaisnt Indian Stock Market
Rising Crude Oil Prices
Crude Oil prices are at high of 3 years, after 2018 it is first that Brent crude crossed $ 85 mark on London Exchanges.
The shortage of Gas and Coal around the world is trigging demand of alternate energy option i.e. crude oil which is raising its price globaly.
Rising Price of Base Metal will lower industrial profit and may pull down industrial growth rate for the 3rd quarter.
Things in Favour
Export Boom Forex reserves rose by $2.04 billion to $639.52 billion in week ended october 8 accroding to RBI data.
Surge in Tax Revenue The government has collected Rs 1,17,010 crore GST for the month of September which is 23% higher than the same period last year. The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5% higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year.
Shrinking Pile of Bank NPAs : Indian public sector banks collectively owed approximately 6.17 trillion Indian rupees in non-performing assets in fiscal year 2021. against 7.5 trillion rupees in the 2019 fiscal year, indicating a slow but slight relief.
Optimistic Industrial Production Resulting, Indian indiaces have gained almost 30% this year in 2021
Booming Corporate Profits September quarter results will be in market very soon that will guide the further market directions. Recently Reality, Auto and Energy sector have been big gainers in last one year, since Sep 2020.
Continuing Economic Growth : India's 4 years average GDP growth will be around 3.6% against global average of 2.6%.
CONCLUSION
In my opinion, NIFTY may very soon give a signal for a short call, but you have to be very patient for that.
High probability trading : Antony Waste Handling Cell LtdNSE:AWHCL
Antony Waste Handling Cell Ltd:
Fundamentals: Majorly waste management company based in Delhi and NCR region. Swacch Bharat Mission adds up great value to the company.
Technical: Price has given Gap down opening few days before this is due to major investor has sold his position in the company. However,the theory says that the Gap will be closed in further days which we are accepting and taking a long position
MAJOR REASON FOR HIGH PROBABILITY TRADING
EMA: The stock is very close to its 100 days EMA
Stochastics: Stochastic is in an oversold region which shows that we can go long position on this. (Below 20-Oversold)
For all these reasons we consider it as High probability trading.
Long position can behold till 395 and Stop loss is at 340 level with making Risk to Reward Ratio of 2 which is good money management in trading.