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Sgxnifty

Right direction is more important than speedHello Friends, Hope you are doing well, Today I am sharing a very little and simple fact, which is very much needed to survive long life in market and to be a profitable trader in market, here we are talking about direction and speed because, when you’re heading towards right direction, every single step you take is real progress, but if you’re going in the wrong direction, every single step is pushing us in minus. Direction can be decided by analyzing charts and Speed (position sizing) is decided as per money management rules, One should always digest the initial level first, where he is, and also where he reaches next, one can only survive in market until capital is wiped out, so always remember, to save capital from losses is also gain. The journey of a thousand miles begins with one single step, make sure that first step is in the right direction. When making important decisions that have long-term implications like financial decisions, slow down and check carefully risk reward ratios and money management rules and carefully evaluate your available options before starting or executing it. This post is just for educational purpose, See you all next week. 🙂 RK 💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSEIX:NIFTY1!Education
by RK_Chaarts
1
SGXNIFTY 1DTHIS IS THE CHART OF #SGXNIFTY ON DAILY TIME FRAME. TODAY #SGXNIFTY OPEN'S GAP UP AND TEST THE SUPPORT OF 18350. NOW 18350 & 18300 IS THE VERY STRONG SUPPORT ON DAILY TIME FRAME. WE EXPECT THAT #SGXNIFTY TEST IT'S ALL TIME HIGH RESISTANCE AGAIN. All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
NSEIX:NIFTY1!Long
by YASH-CHITKARA
SGX nifty fut at life high levelsBearish harmonic 3 drive pattern formation. Time frame :- 60 mins Potential reversal zone :- 18610 levels View validation :-Till not closing above 18620 levels. Reversal confirmation :- Below 18500, should sustain for 20-30 mins Retracement possibility :- 18350-18200-18050 Time horizon for trade :- 3-5 trading sessions RSI :- bearish divergence with respect to price. Note :- just for study purpose for learning harmonic pattern. Do not trade based on this chart study, i have right to go 100% wrong.
NSEIX:NIFTY1!
by RUDRA007
PostMortem on BankNifty Today & Analysis of 02 NOV 2022Glad yesterday’s short call worked on bank nifty — read here. The price action formed today is an extension of what was happening yesterday. Apart from the big opening red candle — the rest of the movement is in continuation. Price action of bank nifty index in 5mts chart Speaking of the first candle — it was a story by itself. Gap up opening at 41472 also intraday high & closing the candle at 41107 (low of 41244). 230 pts move in 5mts. I have been pointing out the disparity in #SGXNifty & our indices price action. Lets take yesterday’s case. SGXNifty at 18314 vs 18175 spot. When such anomaly occurs — its the foreigners who always mint money. The only way these 2 indices can converge is with a gap up opening at 9.15 and sharp down move in the opening 15mts. And the average trader here loses out his capital to the arbitrage which he cannot position. Coming back the bank nifty trade today, the opening 5mts would have given the signal that the trend is going to be downwards. But the move till 10.05 would have proved otherwise — BN had to rally all the way back to the first candle to create momentum to the downside. 41450 has proved again to be a reversal zone (i am inclined to add this level to my SR). The move from 10.10 to close gave a clear trend and it took out the support decisively at 12.05. Final 40mts were kind of steady with good volumes showing the level of positioning for tomorrow’s trade. Tomorrow is going to be crucial for 2 different reasons FOMC meeting by US FED at 11.30 IST today & their interest rate decision Special MPC meeting by RBI governor at 10.00 IST tomorrow as the inflation was above threshold (mostly for interest rate revision) If the interest rates increase its good for the banks & they could rally, but its sentiment negative for all the borrowers. S&P500 and Nifty50 could react differently too as the US market has lower weightage on financials compared to India. For us if the interest rate goes up very sharply — on first look it may appear good for the banks. What you dont see is the difficulty it creates to the borrowers as their EMI goes up (1st order derivative impact). The SME who is unable to pay the EMI will have to shut down or downsize his firm creating labor pressure (2nd order derivative impact). The person getting laid off will be unable to consume products & will depend on Govt. for rations (3rd order derivative impact). So i personally expect the RBI to keep interest rate changes very minimal but control the velocity of money — M2. 6 Major banks — opening 5mts move most prominent for ICICI, Kotak and Axis. HDFC stayed flattish — can be seen as sentiment positive comparing the other banks ICICI & Kotak also made flattish chart pattern with negative closing SBI fell quite deep but recovered in last 90mts AXIS kept continuing the negative bias from yesterday’s trade IndusInd fell sharply and did not recover into closing HDFC Bank, ICICI Bank, SBI, AXIS Bank, Kotak Bank & Indus Ind Bank respectively presented in the 5mts time frame The best trade you could have done today was the Put ratio spread (1:2) combination. ie sell 1 lot of 40500 PE and buy 2 lots of 40400 PE by 11.15 (aggressive traders) or 12.05 (moderate risk traders) as the support level was breached. 40500 was trading at 33.3 & 40400 at 25.10 at 11.18. During close each traded at 49.75 & 37 respectively. (33.3–49.75) + (37–25.1)*2 = -16.45+23.8 = 7.35 pts per trade. S&P500 & Bank nifty continues to diverge. Today’s FOMC meeting by US Fed will sharply impact the SPX and Dow Jones. Nasdaq i cannot comment as there are no financials in it. Comparison of BankNifty vs SPX (S&P500 US index) 15mts not showing clear direction 1hr also not showing clear direction Bank nifty support & resistance levels s1: 40867, s2: 40691 r1: 41312, r2: 41455 PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram
Sgx Analysis SGX Nifty formed resistance around 18000 in daily chart. Two times it tried to break that resistance level but it failed to sustained & again it is testing that resistance. Strategy A: - Time frame: - 1H chart If nifty open gap up, look for high open. If high open same then sell. Strategy 2: Time frame: - 1H chart Wait for bearish pattern to form near resistance level in hourly pattern. After confirmation we can sell. Strategy 3: - If it breaks its resistance with high volume then we will be on buy side.
NSEIX:NIFTY1!
by sarangmv
SGX Nifty - LearnLearn Technical Analysis - Bearish Trend In sgx nifty chart first there was a uptrend & then it broke the resistance of around 17000. After breaking the resistance it fall again. Now in this scenario prevoius resistance acting as a support & it bounced back from it. At around 17460 there was a second resistance. So you can also see the dry volume & negative divergence near this resistance level. After this it formed evening star pattern. This is how we should do technical analysis for bearis trend. 1. Uptrend 2. Find if any resistance or support 3. Then dry volume with negative divergence 4. Finally a bearish pattern.
NSEIX:NIFTY1!
by sarangmv
1