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Banknifty Intraday Levels for Today 07/07/2023Hello Traders, i hope you all will be doing good in trading and in your life as well. Banknifty is consolidating from 2 days in the range of 45000-45500 levels. Today might be we can see downlevels towards 45000, and there is strong support zone, but that got break then banknifty can go towards 44800-45700 levels just today only. Well, let's see if we got breakdown on chart. I have marked all the levels on chart, trade accordingly i will write here also. Important levels for BankNifty:- Buy above 45411 if levels got sustains Target we can see 45655 Place stop loss at 45211 Sale Below 45211 if levels got sustains Target we can see 45086/45000. Place stop loss at 45411 Note:- Chances are higher banknifty will open in gap down, then still wait for the levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
NSE:BANKNIFTY
by TraderRahulPal
2
Nifty Hero Zero Trade||Expiry Special Nifty again made all time high today, but according to me there is no any sharp moment in it. Well for me highest upside remain in the NIfty is till 19500 levels. Today also it has tried to touch but returned from the level 19472, let's see what is going to happen, but i am looking an opportunity to short the nifty and banknifty but will do according to price action only. Have to observe more as market is very very bullish anything can be possible from here. I have mention the levels on chart for buying and saling, You can see on chart, and i will write below as well. Important Levels For nifty:= Sale Nifty below 19410 if levels got sustained. Target will be 19362/19342/19309 Stop loss 19472 (today ATH) Buy Nifty Above 19475 if levels got sustained. Target will be 19525+(I don't see much highs in it) Stop loss 19425 For Hero Zero Trade I will Update till 1:15-1:30Pm,Stick with us. Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
NSE:NIFTY
by TraderRahulPal
2
U turn is possible in Nifty from the level of 19425. Weekly ViewHello Traders, How are doing everyone. I have done analysis on NIfty for 2 weeks analysis, and my analyse is that, Nifty can take U turn once it will reach at somewhere 19425-19500 levels. Logic behind of this analysis is proper visible on 2 hour charts. You guy's just have a look on 2 hour chart and you will see that nifty is trading in higher highs and higher lows kind of pattern. so next higher highs could be somewhere in between 19425-19500 levels. So for me i will wait for that levels to short nifty for the target of 19000 levels. Other logic behind of this trades is that We have seen continuously 2 gaps back to back on 2 hour chart, and let me tell you tomorrow it is again going to open in gap up somewhere 19200+ levels. Well Market is highly bullish here, so do not short until do not get confirmation from top trendline. Let's see where the market is going, we will do trade according to our analysis. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal
NSE:NIFTY
by TraderRahulPal
8
Bank Nifty possible levels for tomorrow 04/07/2023Hello Traders, how are you doing all of you, i hope everyone is making profits from the market. I wanna say thankyou to all of you guy's who always supporting me by likes and lovable comments on my ideas, and wanted to let you all knows that we have completed 1600+ followers on Tradingview.com, thankyou once again to all of you in completing this milestone. Today again i am going to post my analyse on Banknifty, hope it will be beneficial to you guy's. Market seems very very bullish now a days, everyday we are seeing new highs. if i talk about today's Banknifty and nifty was trading in a range after making new highs 19344 somewhere. let's focus on banknifty now. After today's session seems tomorrow we could see some profit booking in first half according to my price analysis. But 2nd half could be trending and tomorrow is fin nifty expiry also there. I will post on that also later on till evening. But for now if banknifty breaks tomorrow for below 45000 levels then we can see some fresh selling in that, and we can see some down levels towards 44700 some where. But if bank if banknifty sustain the levels above 45248+ then we can see some buying opportunity in banknifty, that momentum can take banknifty towards 45378/45600+. So i have marked all the levels on chart. So trade accordingly. Always use stop loss in trading. So, buy above if sustain 45248 levels. and keep stop loss at 45000. and Sale below if sustain 45000 levels. and keep stop loss at 45248. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal
NSE:BANKNIFTY
by TraderRahulPal
2
Expiry Special Analysis||Banknifty Hero Zero Trade in 2nd halfBanknifty analysis for today's expiry:- Yesterday was a good day for all traders who was a trend trader. We have seen huge buying momentum in all indian indices. Banknifty also has given significant move from bottom after 1pm. From global everywhere green green today, American Market also has given rally in yesterday session, just because of that our Market might be going to open in higher (Little Gap opening). What i think banknifty could also open somewhere 44255+, (it's just a guess) then may all people can start booking whoever was in hold since yesterday but there is a small resistance above at 44328, might be we can go to touch and reverse from there within half an hour. I think if profit booking start then we can definitely see some downside levels as today is nifty and banknifty expiry sharp rally could be expected. What i think apart from this may be one sell off (profit booking) can be seen at higher levels then banknifty can reverse till at support levels which is somewhere at 44048-44088 levels. If this area got sustain and we see some Hammer or double bottom kind of pattern in today's session then definitely one buying could be seen from there, and that will be perfect level to go long for the target of 44328/44457 levels. But if that area does not support then we can see levels for downside too like 43939/43713. Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next week expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss. If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. It is just my view i might be wrong also. So please trade according to you.
NSE:BANKNIFTY
by TraderRahulPal
8
Expiry Special Analysis|Hero 0 Trade will be in 2nd half(FNIfty)Finance Nifty Analysis For today's Expiry 27/06/2023:- Finance Nifty also broken upwards support trendline in 1hr/30mints/15mints charts. This could be a fake breakdown, if it start trading above in channels above 19555 levels. Then definitely buying momentum will be back in it and this can go towards Target1 and target 2 which is (Mention in Chart) . Vice Versa if this is start trading below 19455 levels then definitely this was a perfect breakdown for Fin Nifty and a sharp move will be expected in it, which can take Fin Nifty More in lower range towards Target1 and Target2 even Target3 (Mention on charts) also till tomorrow. So buy above when 19555 sustains Sale below, when 19455 sustains. For target i have mentioned on chart. for buying Stop loss will be 19376. For selling Stop loss will be 19632. Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss. If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.
NSE:CNXFINANCE
by TraderRahulPal
11
Best Agrochemical Space Stock to invest for long term Tgt 4500+Stock is really good for long term, recently it has done the acquisitions in the pharma API and intermediates business, it will be earnings and value-accretive. PI Industries (PIIND; CMP: Rs 3,066; Market Cap: Rs 46,512 crore), a leading player in the global CSM (custom synthesis manufacturing) export business, announced on April 27, 2023, that some of its subsidiaries have signed share purchase agreements with a few companies in the CSM pharmaceutical space. For quite some time, PI has been working on inorganic opportunities to enter pharma intermediates, which we view as a key catalyst for the stock. With this acquisition, we see good growth opportunities for PI and it is among our preferred picks in the agrochemical space. PI Industries has signed share purchase agreements to acquire 100 percent shareholding of the following. PI Health Sciences Ltd (PIHSL): It is a wholly owned subsidiary of PI Industries. It has agreed to acquire TRM India and Solis Pharmachem, which are Indian subsidiaries of Therachem Research Medilab LLC (TRM US). The total cash consideration payable for the acquisition of TRM India is HKEX:42 million, and, for Solis Pharmachem, it is HKEX:3 million. Both the deals are expected to close in May 2023. Valuation looks very Attractive for this ticker. Long term growth story also looks very promising. Market Cap ₹ 51,327 Cr. Current Price ₹ 3,383 High / Low ₹ 3,698 / 2,365 Stock P/E 44.5 Book Value ₹ 436 Dividend Yield 0.18 % ROCE 17.3 % ROE 14.7 % Face Value ₹ 1.00 Debt ₹ 280 Cr. EPS ₹ 76.0 PEG Ratio 3.44 Promoter holding 46.1 % Intrinsic Value ₹ 1,560 Pledged percentage 0.00 % EVEBITDA 30.5 PROS Company has reduced debt. Company is almost debt free. Company's median sales growth is 18.5% of last 10 years I have done my analysis and i found it very good stock to invest for long term. The target which i have written on chart can achieve in 1-2 years. Long term story is still pending you won't be surprise if i tell you this can generate multibaggers returns from here too. Well trade carefully. If anyone like my work then please appreciate me by like, follow and comment. Thankyou:-))
NSE:PIINDLong
by TraderRahulPal
Hammer and W pattern in Bank Nifty||buy for the target of 43800+Banknifty is trading at support levels, and just now we got a hammer in one hour candle. And double bottom also,, Might be banknifty can go to make W from here. In the forming of W pattern banknifty will reach to our expected target which is 43800+. Chances are high for the reversal from these levels. So if anyone wants to go long from here can go with current price 43386 . go with proper given levels and keep a strict stop loss as anything can happpen from here. Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades. If anyone like my work then support me by like and follow. Thankyou. Regards Rahul Pal
NSE:BANKNIFTYLong
by TraderRahulPal
2
Cantabil Retail India Ltd || Investment stock Pick for long TermAbout Company:- Cantabil Retail India Ltd was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Market Cap ₹ 1,652 Cr. Current Price ₹ 1,011 High / Low ₹ 1,595 / 800 Stock P/E 28.2 Book Value ₹ 111 Dividend Yield 0.25 % ROCE 21.8 % ROE 26.8 % Face Value ₹ 10.0 Debt ₹ 300 Cr. EPS ₹ 35.8 PEG Ratio 0.50 Promoter holding 75.0 % Intrinsic Value ₹ 539 Pledged percentage 0.00 % EVEBITDA 12.1 PROS Company is expected to give good quarter Company has delivered good profit growth of 56.1% CAGR over last 5 years Well Stock is good and trading at discounted price, it can give you huge returns as business model is really futuristic, let me tell you more about this ticker like product portfolio, online revenue, Expansion, focus etc.. Product Portfolio Men’s Wear (86%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (9%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (2%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (3%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Online Revenues As of now, online sales generate 1% of the company's total revenue and the Company expects online business to grow to nearly 5% in the next 3-4 years. But the Co. is focused on expanding via brick-and-mortar stores especially in the tier 2 and tier 3 cities and towns. Manufacturing Capacity The company has established a 1.5 lakh sq.ft. state of an art manufacturing facility in Bahadurgarh, Haryana with a capacity to produce 10 Lakh garment pcs./p.a viz, equipped with best brand machines from JUKI, Durkopp, Brother, Ngai Shing, Kansai, Pfaff, Maier, Siruba, Sako and latest finishing equipment using hot and cold steam foam finishers from Veit and Macpi. Expansion In FY22, Company added 58 new stores and invested in building a new multi-floor warehousing facility cum corporate office to make it hassle-free and improve controls over inventory and warehousing management significantly. Distribution Network The company sells its products under its brand Cantabil, Kenaston, Crozo, and Lil Potatoes through 378 Showrooms/ Stores and 414 Outlets in 18 states. Asset Light Model The company operates with an asset-light model wherein only about 1/3rd of the apparel are manufactured in-house at its fully integrated facility in Bahadurgarh. And sources another 1/3rd of its requirements from dedicated job workers and the balance ~1/3rd is purchased on a FOB basis directly from manufacturers. Focus The company is focused on expanding via brick-and-mortar stores in the country especially targeting the tier 2 and tier 3 cities and towns where it gets to take advantage of the first mover benefit. I have done my analysis about this ticker. Stock is looking attractive at these levels. So if anyone wants to go long can go for target of 1600 and keep stop loss at 800,,but this is kind of stock where you can create wealth in long term. Disclaimer:- I already have investment in this from down levels and i am holding this for long term. If anyone likes my work then please like, follow and comment. Thankyou:-))
NSE:CANTABILLong
by TraderRahulPal
Higher highs and higher low patterns in EscortsI have analyse this on weekly time frame, and i found it is trading in higher highs and higher low patterns, this is a proper bullish momentum and now it is going to make higher highs from these levels, and this upward cycle can take ESCORTS towards 2400+ levels. I have done analysis on daily time frame also and i found,,,A rise in volume with a bullish candle at the market supports the bullish view in Escorts. According to daily timeframe price has surpassed the resistance from a falling trendline. The breakout candle is supported by a rise in the volume. RSI is moving in sync with the price. MACD is sustaining above its zero line. The price is touching its upper Bollinger band which is a sign that the buying interest is intact. All these observations are seen in the daily time frame. The Price can rise up to 2250-2450+ levels and above that, Stop loss will be 1950. Always trade Carefully use proper given stop loss. If anyone like my work then please appreciate me by like and follow and also comment you view on this trade. Thankyou
NSE:ESCORTSLong
by TraderRahulPal
Balkrishna Industries has successfully broken out. Buy Buy BuyBalkrishna industries has successfully broken out from a downward slopping trendline, indicating a significant shift in it's price trajectory. This breakout is supported by a remarkable surge in trading volume, further strengthening the bullish sentiment. MACD crossover also taken place in chart. RSI Also supporting bullish crossover. So indicator and price action showing a bullish moments in this ticker. We can see a sharpe rally for upside from here in this ticker, which can take this to 2700+ levels. Please always trade with stop loss. Well this stock is very good to make wealth in long term So if anyone wants to invest in this can invest and hold for long term also, Management is also good. If anyone likes my work then please like, follow and comment. Thankyou:))
NSE:BALKRISINDLong
by TraderRahulPal
2