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Expiry Special Bank Nifty Analysis || Hero & Zero Trade DayGood Morning Guy's.. Guy's Bank nifty have formed a long bearish belt hold candlestick pattern on the daily scale as it failed to hold on to the 43000 levels and corrected 193 points to end at 42846. Bank nifty lost more than 300 points from the day's high. Bank nifty has experienced a trading session where it opened and hit it's high at the same level, signalling a strong bearish presence in the market. The confirmed upside resistance for the index is now at 43500, and until there is a closing breakthrough beyond this level, the overall trend remains negative. On the downside the index has support zone at 42400 and a breach below this level may intensify more selling pressure, potentially driving the index towards the 41500-41000 range. Important Levels for Bank Nifty:- Intraday support zone 42400 Intraday resistance zone 43000 Strong Support Zone 42000 Strong Resistance Zone 43500 Buy above 43038, if levels sustains at least for 30 Mints. Targets will be in upside 43276/43497 keep stop loss at 42695 Sale below 42695, if leves sustains at least for 30 Mints. Targets will be in downside 42405/42130 Keep stop loss at 43038 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTYShort
by TraderRahulPal
3
Markets are highly oversold, A sizable Recovery is possible.Good Morning Everyone. Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank nifty has taken support and did not make any other new lows in downside. There is higher chances we can see upside momentum in today's session. Let's see how we are gonna to see today. We are gonna to sale Banknifty below only 42075. And then keep stop loss of our buying range and keep target atleast 1:1 or 1:2. Important Levels for Banknifty:- Intraday support zone 42000-42100 Intraday resistance zone 42700-42800 Buy above 42360 if levels sustains at least for 30 Mints. Keep stop loss at 42075, and Targets we can see 42708/43116 Note:- These targets are for today and tomorrow. Don't expect in one day, in case these both targets comes today then enjoy it's a jackpot. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTYLong
by TraderRahulPal
Nasdaq Breaking DownLook at the Lower High formations in this chart. This is a clear sign of a downtrend. One should be very careful in the market when such trends appear because there are only 3 trends in total. Markets can either be Bullish, Bearish or Sideways. Nasdaq has gone into a bearish trend and one needs to be very careful as US markets and the economy itself is tanking. Hence, this broader view gives one a clear idea as to what needs to be done right now. This is a bearish market when it comes to US. Be careful as the impact of US is normally felt all across.
TVC:NDQ
by jatin_agarwal
Sure shot 25% returns possible in next 2-4 months in this Gem.Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients. Market Cap ₹ 3,338 Cr. Current Price ₹ 801 High / Low ₹ 862 / 566 Stock P/E 20.8 Book Value ₹ 96.3 Dividend Yield 1.38 % ROCE 50.5 % ROE 43.3 % Face Value ₹ 5.00 Debt ₹ 34.6 Cr. EPS ₹ 38.5 PEG Ratio Promoter holding 48.7 % Intrinsic Value ₹ Pledged percentage 0.00 % EVEBITDA 13.7 Company has reduced debt. Company is almost debt free. Company is expected to give good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 35.2% Company has been maintaining a healthy dividend payout of 22.3% Well Company is good for long term investment. This will give you more than 30%+ compouding returns in long term. But according to chart pattern we can see a upside from these levels, so if anyone wants to go long can go with given levels on chart. Please follow strict stop loss if you are planning to short term trading, but if you are planning to invest for long term then definitely forget about stop loss and keep invested. This will surely make you profitable in long term. If anyone likes my work please like, follow and comment. Thankyou.
NSE:ANANDRATHILong
by TraderRahulPal
Bank Nifty Intraday levels 17th Oct Good Morning Traders, Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty. Important Levels for Bank Nifty:- Intraday support zone 44000 Intraday resistance zone 44500 Strong Support zone 43600-43800- Strong Resistance zone 44600-44800 Buy above 44454, if levels sustains at least for 30 Mints. Targets we can see in upside 44579/44715 Keep stop loss at 44208 Sale below 44208, if levels sustains at least for 30 Mints. Targets we can see in downside 44038/44883 Keep stop loss at 44454 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
Nifty Intraday analysis 10th Oct 2023Good Morning Traders, Guy's today global market looking green, we might can see some bounce back in market, if talk technically about Nifty, the day was very volatile, we have seen gap down and then buying and then again pressure from top. So the day was really volatile, and Nifty had erased all previous two days gain after the Israel Palestine conflict pushed oil prices higher on yesterday session. But Nifty have sustained important support zone on chart 19475-19500. This is crucial support zone for nifty, any closing below 19475 can take nifty towards 19200. So i think as global market is showing bullishness, so there is higher chances we can see buying in our market too. On the higher side we can see some resistance at 19600, any good closing with volume can take nifty towards 19750-19800 levels. Well guy's nifty have formed a bearish candlestick pattern with long upper and minor shadows on the daily time frame. Usually this pattern indicates a lower top formation for the stock price with a sell on rise opportunity. This is a negative indication and one may expect some more weakness for the short term. Keep watch on some good stocks for near term. 1. Aavas financiers 2. Oil India 3. Mahindra holidays. These stocks has formed a bullish candlestick patterns on chart. There is higher probability we can see some upside moment in it. Important levels for Nifty:- Intraday support zone 19475-19500 Intraday resistant zone 19600-19650 Buy above 19537, if levels sustains at least for 15 mints Targets we can see in upside 19584/19642 Keep stop loss at 19495 Sale below 19495, if levels sustains at least for 15 mints. Targets we can see in downside 19444/19376 keep stop loss at 19537 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTYLong
by TraderRahulPal
2
Nifty 50 Technical Analysis for 10 OCT**Nifty 50 Technical Analysis for 10/10/2023** **Support Levels:** * 19400 * 19300 **Resistance Levels:** * 19600 * 19688 **Overall Bias:** Bearish **Analysis:** Nifty 50 closed below its support level of 19500 on October 9, 2023. This indicates that the bears are in control and the index is likely to fall further in the short term. The next major support level for Nifty 50 is 19400. If the index breaks this level, it could fall to 19300 or even lower. On the upside, the immediate resistance level for Nifty 50 is 19600. If the index manages to close above this level, it could rally to 19688 or even higher. However, the overall bias for Nifty 50 is bearish. This is because the market is in a downtrend and the index has broken a key support level. **Trading Strategy:** Traders can sell Nifty 50 at the current levels with a stop loss above 19600. The target for this trade is 19400 or 19300. Traders can also buy Nifty 50 at 19400 with a stop loss below 19300. The target for this trade is 19600 or 19688. It is important to note that this is just a technical analysis and traders should always do their own research before making any trading decisions. **Disclaimer:** This is not financial advice.
NSE:NIFTYShort
by santubittu
Market is oversold?? || Nifty Expiry Day analysis 05th OCTGood Morning Traders, Yeah Market is looking oversold, A bounce is possible in indian market, i mean a rally of 120-180 points is possible in Nifty. Nifty have formed a small candle on the daily timeframe with almost identical open and close and with long lower shadow. Technically this pattern indicates the formation of a Dogi or Hammer type candle pattern. Normally, the formation of such patterns after a reasonable decline or at the key supports signals a comeback of bulls from the lower levels. Any recovery above 19500, will take nifty towards 19625+. Important levels for nifty:- Support Zone 19300 Resistant Zone 19500 Buy above 19480 only if levels sustains at least for 30 mints. Keep stop loss at 19392 Targets we can see in upside 19550/19625+ Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTYLong
by TraderRahulPal
2