Get started

Stockmarkets

Reliance & HDFC rescue Nifty, Bank Nifty left abandonedNIFTY 50 EOD ANALYSIS 10-11-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17973.45 H 18061.25 L 17915.00 C 18017.20 EOD - -27.05 points / -0.15% India VIX = 16.34 / +1.94% SGX Nifty 10-11-21 @ 1920h = -28 points FII DII = -+297 Crores CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened 75+ points gap-down and then sold off further to test the nerves of the bulls as it fell further to 17915. After being nervous around the level, it consolidated, and then as the European open came nearer, it started regaining the lost ground. However, its efforts were punctured by Bank Nifty as it remained extremely weak and under pressure which negated any chance of Nifty at least trying to retest the previous close. Nifty in the process has made a lower high and a lower low. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 52 Top 5 Draggers contributed = 48 Net = 4 POSITIVES Although Reliance also was hit in the morning, it steadily recovered and then lead Nifty to end above 18000. HDFC made a smart recovery after falling at the open and it more or less directed the moves in Nifty as can be viewed from the charts. ITC and Axis Bank were the other leading scrips that ended in the green. NEGATIVES Bank Nifty was comfortable below 39000 and most of its members were in the crying mood today. Even the usual counter-trend specialist scrip - Kotak Bank was in the red. Maruti, Infosys, and TCS also ended in the red. Bank Nifty is finding it hard to get in to the positive state as all its heavyweights have been struggling. TRADING RANGE FOR 11-12 November 2021 Nifty Support 17800-17900 Nifty resistance 18100-150-200 Bank Nifty Support 38800-39000-200 Bank Nifty Resistance 39600-800-40000. INSIGHTS / OBSERVATIONS Global cues are considered by Nifty to open or start the day, but when it comes to the closing time, despite positive FTSE which is trading around its ATH, Nifty ended in the red. I am not sure who is ensuring such a close? I tweeted in the AM session before noon re market movements as given in this linked tweet: I know that we live in a Global village (they say the world is a global village), but does it mean that we have to be always dependent on FTSE to open & NYSE to close to decide which way our stockmarkets trade So much for being an Armanirbhar Bharat! The Nifty and Bank Nifty charts look quite different today and that is what explains the closing price levels. In my view, it was Reliance that made all the difference. However, Nifty and HDFC charts are almost identical which is quite a coincidence. HDFC Bank is behaving like a chronic ailment and I am glad that I exited this long ago. What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 10-11--21 NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right. ---
NSE:NIFTY
by AVENUESOFINVESTMENT
4
My simple way of growing capital base leading to Wealth creationThis is how I grow my capital base leading to wealth creation Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind. I am sharing my way of doing things or what I would do to better manage my available capital and progressively grow and eventually compound it. One of the better ways to manage gains and compound wealth is to invest gains made back into the markets in the shares of companies that have growth potential and or offer good dividend yield. Sometimes such companies are also known as those that belong to the Sunrise sectors. This may not be entirely applicable to those who trade for a living. For example, I have of late been investing my gains in the following: Burger King Westlife Development EI Hotels Zomato IRCTC Idea and would like to add: NTPC Powergrid BPCL REC Ltd PFC Ltd Pidilite Jubilant Food Dmart And there could be many more to the list. Some of the above are trading around good price levels so even more attractive than others. There may be several more names but my gains are not infinite at the moment and I "trade for a living" in reality so I have to first take care of my monthly outgoings and then the remainder gains are only eligible for reinvestment. This sounds very easy but it is not so as one can never say that trade may always go in the intended direction right from the word go. It is quite possible that the trade may hit my SL and then go in the intended direction and I may not be on board. These uncertainties are part of the life of a trader whereas an investor may be able to wait for the price to rebound or may have spare funds to deploy at lower levels. If you believe that you like this approach, you may follow these names or find the ones that you feel may be the future leaders! --- Another approach that I prefer to follow is to do content-based trading --- where there you need to identify a scrip in which you would like to invest. Preferably for positional or long term. Plan trades such that you can buy at least 1 share of the chosen scrip once the share price moves in your direction. This will help you track the share in a better manner and add the quantity that you are comfortable with as soon as the price starts going up. For this to be successful, the share price should ideally be between 200-500 and the daily movement or the volatility should be good enough for the prices to generate a modest to decent return in INR terms. This is meant specifically for traders/investors with low capital or low-risk appetite. I got this idea last year when going was extremely hard for many of my friends and acquaintances. Several of them asked me to help them find a job - when there were no jobs, the only thing that I could suggest was this and I taught them how with the help of technical analysis, one can attempt to make two ends meet and put food on the table for the family. I had at that time guided them to follow the above approach with very limited capital deployed. This helped many to fund the weekly needs without taking on too much stress on the head and in the heart. I was very satisfied that my thoughts and suggestions were effectively put to use by many of them and they were able to relieve their family members of worries and anxieties as well. On the auspicious day of Diwali and the New Samvat Year, I thought of sharing the above-mentioned thoughts that I and a few others have put into action. I wish you and your loved ones brighter and sparkling times ahead! 🙏🙏 Umesh 5-11-21
NSE:BAJFINANCELong
by AVENUESOFINVESTMENT
Allcargo Logistics Ltd (EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week Invest or trade according to your loss bearing capacity STOCK FOR EDUCATIONAL PURPOSE ONLY Allcargo Logistics Ltd.@ 345 with target of 360.CMP IS 338.25 STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 300. Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom. M B PANDEY SHARE MARKET ANALYST B.Sc. (MATHS & PHYSICS) Trying to spread happiness and knowledge Disclaimer: I AM NOT SEBI REGISTERED
NSE:ALLCARGO
by vinayaka79
JINDAL STEEL : Anticipation of 5th wave (Dhanteras pick)The current structure suggests that after the completion of larger degree 4th wave correction , Jindal steel is rising in its 5th wave progression of impulsive move 12345. Of which we have seen a lower degree impulse wave consisting of 5-waves & post that we have also seen a three wave correction as ABC with C as an ending diagonal on lower time frame. As per the current structure one should go long on current levels with SL of 400 & look for the upside targets of 450/500/550/600. NOTE: if the SL reached then that should be not taken as bearish event. This idea holds good as long as the level of 350 level is maintained.
NSE:JINDALSTELLong
by TradingSutra
3
IMPORTANCE OF SUPPLY & DEMAND | HCLNSE:HCLTECH 🔴 Stock market and the price action is all about how the market had reacted to the past behavior and the emotions of the buyers and sellers... 🔴 so, once you have the clear view about the previous trading sessions, 🔴 with that past behavior of buyers and sellers it may help us to predict what is gonna happen in the future with the price... 🔴 When you know the importance of supply and demand you can trade with the clear view of the market moves.... 🔴 when the strong supply zone breached or engulfed it is supposed to act as a demand zone in the future..... 🔴 In the same way when demand zone engulfed it may act as a supply zone, it is known as flipping zones or SR flip... 🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
NSE:HCLTECHLong
by PriceAct-fugazitrader
Live Challenging NYSE Stock Market Analysis SOL Buy @ 9.15Market Analysis Live Challenging NYSE Stock Market Analysis SOL Buy @ 9.15 Target @ 16.84 #sharemarket #sol #Nse #stockmarket #NYSE Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Wishes Tradingwithtamil
NYSE:SOL
by Tradingwithtamil
TATA POWER: Bullish TriangleBULLISH TRIANGLE : Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e. Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 120 & look for the tgt of 133-34 .
NSE:TATAPOWERLong
by TradingSutra
1