Nifty Mentorship InstaView 07 Oct’21: "Golmaal Hai Bhai"
Nifty View: A complete turn around yet again from the benchmark Nifty in today’s trading session. The index posted a gain of 180 points, recovering all of yesterday’s surprise sell-off. In short we are in midst of some serious volatility. The underlying trend which was UP with today’s up move has found fresh momentum and hope for an extension towards 18K. And for this to materialize the index needs to sustain above the short term support of 17,750. Please watch the video for a detailed analysis of the index and stocks.
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Trade Well. Trade Wise.
Supply and Demand
Mentorship InstaView 05 Oct’21: Nifty Flexes Muscles
Nifty View: A brilliant move from benchmark Nifty in today’s session, a gain of 123 points to mark a close at 17,829. This move was important as the index was at a critical juncture wherein possibility of a sell-off was high. Add to the fact that the nature of global equity markets has been downwardly volatile off late. But the Indian equity markets delivered fine resilience today bouncing back with high momentum post a weak open. Please watch the video for a detailed analysis of the index and stocks.
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Trade Well. Trade Wise.
Nifty Mentorship InstaView 30 Sept’21: No Expiry Drama :-(
Nifty View: Quite a muted trading session for the benchmark Nifty especially considering the fact that it was the expiry of derivatives contracts. At a close of 17,619, the index was down 89 points marking a series of lower-high and lower-low on the daily time frame. The banks are still leading this weakness, which is not a very encouraging sign as this space enjoys the heaviest weightage. The Nifty index is still in a UP trend but a possibility of further weakness should not be discounted. Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 29 Sept’21: Not Bad of a Day
Nifty View: Benchmark Nifty faired relatively better in today’s session considering a weak opening with which it started the day’s trade. At a close of 17,710, the index managed to do two good things - one did not break below yesterday’s low and two, positive participation from sectors like METALS, PSU BANKS & PHARMA. The underlying trend stays UP and with derivatives expiry scheduled tomorrow, we should continue with a cautious bullish bias. Please watch the video for a detailed analysis of the index and stocks.
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Trade Well. Trade Wise.
Mentorship InstaView 28 Sept’21: Fasten your Seat Belts
Nifty View: Quite a volatile session for the benchmark Nifty in today’s trade. At a close of 17,730 it was a negative close for the index, down over 120 points. We did notice a sharp bounce back from the index at the final hours, majorly contributed by the bank nifty and ICICIBANK to name one stock. The underlying trend of the index is still very much UP and considering we are heading towards the expiry of derivatives contracts this Thursday, we can continue to face a heightened degree of intraday volatility. Please watch the video for a detailed analysis on the index and sectors.
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Trade Well. Trade Wise.
Mentorship InstaView 27 Sept’21: “18” Till I Die
Nifty View: A day of consolidation for the benchmark Nifty, as the index slipped significantly from its opening high of 18,088 and manage a close at 17,862, a day’s gain of just 8 points. However more importantly it was the index management which was noticeable with AUTO stocks picking up momentum as erstwhile out-performers like IT & FMCG cool off. The underlying trend is still UP and there is no strong evidence of a reversal, and so one should continue with a bullish bias and look for fresh momentum breakouts. Watch the video for a much detailed index and sectoral analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty & Banknifty Analysis & Expectation for Tomorrow || 24 Sept Market Analysis & Setup for 24.09.21 (Friday ) || Expiry On 30 Sept
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* Nifty 50 *
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Support Area
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1st Support Area : 17777.50-17793.05 |
2nd Support Area : 17691.20-17713.10 |
* BankNifty *
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Support Area Resistance Area
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1st Support Area : 37241.60-37323.15 | 1st Resistance Area : 37921.05-38041.85
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
** Nifty & Banknifty Trade Setup for 23.09.21 **
Market Analysis & Prediction for 23.09.21 (Thursday ) Expiry On 23 Sept
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* Nifty 50 *
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Support Area Resistance Area
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1st Support Area : 17520.20-17536.85 | 1st Resistance Area : 17610.40-17632.80
2nd Support Area : 17421.90-17438.80 | 2nd Resistance Area : 17691.20-17713.10
* BankNifty *
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Support Area Resistance Area
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1st Support Area : 37043.60-37175.05 | 1st Resistance Area : 37557.15-37708.25
2nd Support Area : 36805.70-36875.95 |
Mentorship InstaView 22 Sept’21: Not Losing is a Gain
Nifty View: A flat close from the benchmark Nifty index in today’s session, up just 7 points to close at 17,567. Because we had a 175 point rally the day before, such low volume low-ranged trading session is not a surprise. We should look at today’s session as more of a consolidation and show of strength as it did not retrace from its recent gains. A move above today’s high will very likely infuse fresh buying impetus. Watch the video for a much detailed index and sectoral analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
** Nifty & Banknifty Analysis & Prediction for 22 Sept **
MARKET ANALYSIS AND PREDICTION FOR 22.09.21 (WEDNESDAY ) EXPIRY ON 23 SEPT
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* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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1ST SUPPORT AREA : 17520.20-17536.85 | 1ST RESISTANCE AREA : 17610.40-17632.80
2ND SUPPORT AREA : 17421.90-17438.80 | 2ND RESISTANCE AREA : 17691.20-17713.10
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 37043.60-37175.05 | 1ST RESISTANCE AREA : 37557.15-37708.25
2ND SUPPORT AREA : 36805.70-36875.95 |
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Here are the factors behind today's rally:
1 European markets on the up
Despite weak US and Asian markets, positive European markets provided support to the Indian indices.
The European indices FTSE, CAC, DAX were up over 1 percent each after the European Central Bank policymakers said
the recent inflation surge was temporary.
2 Dow Futures up over 300 points
US stock futures also bounced a day after global markets were roiled by concerns that the potential default by Evergrande,
the world’s biggest property developer, could hurt China’s real estate sector, banks and the global economy.
3 Short covering in most beaten-down sectors
The rally was also supported by beaten-down sectors, with metal indices rallying over 2 percent after tanking nearly
7 percent in the previous session.
Also, capital goods, oil & gas, IT and realty were seen the buying interest and gained 0.5-3.5 percent.
Technical View
The Nifty formed a bullish hammer kind of candle on the daily scale and closed with gains of around 165 points.
Now it has to continue to hold above 17,500 zones, for an up move towards 17,650 and 17,777 zones,
whereas support is placed at 17,350 and 17,272 zones.
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Mentorship InstaView 20 Sept’21: For Bulls its Time to Slow Down
Nifty View: A sharp sell-off for the benchmark Nifty index in today’s trading session - down over 200 points to post a close at 17,386. With this fall, the short term trend is now on the verge of a reversal on the downside. Considering the nature of today’s fall, that is, both sectoral participation and momentum, it’ll be prudent to wait out for few more trading sessions to check if the index has more correction in store. The short term supports are nearby 17,300 and we can expect a short term bounce from close to this level. But it’ll be the next movement which define the overall trend of the index from a medium term perspective. Watch the video for a much detailed index and sectoral analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 16 Sept’21: Elephants can Dance
Nifty View: ITC and erstwhile underperforming PSU banking stocks stole the show in today’s trading session. Big price gains backed by momentum and volumes from these stocks helped the benchmark Nifty index to post a day’s gain of 75 points. The index is now comfortable placed above 17,600 with no sign of immediate top out in any time frames. It makes sense to continue with the bullish bias and continue to look for long trades. Do watch the video for a more detailed analysis of the market.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 15 Sept’21: Trend Stronger than Resistance
Nifty View: A beautiful 150 point up move from the benchmark Nifty index in today’s trading session to mark the end of the recent 6-day old consolidation. The trend was UP and now with today’s rally it has picked up fresh buying momentum. Also good to observe stocks from PSU banking space participating in the up move, especially index heavyweight SBIN. The worry from a break below 17,300 seems to be behind us now and from a short term perspective (17,400-17,430) will act as supports. Watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 14 Sept’21: Stuck … Time to be Careful
Nifty View: Range bound price behavior continues for the benchmark Nifty index. At a close of 17,385, the index slipped a bit, from its intraday high to manage a small gain of just 25 points. It is now six trading sessions that the index has stayed range bound which is nothing but a sign of consolidation after the recent rally. The underlying trend is very much UP and resilient and any correction, if at all, should be first looked upon as a buying opportunity.
Watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
** NIFTY & BANKNIFTY Trade Setup for 13 sept **
MARKET ANALYSIS AND PREDICTION FOR Week Ending ON 16 SEPT
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* NIFTY 50 *
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SUPPORT AREAS RESISTANCE
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1ST SUPPORT AREA : 17338.55-17354.25 | 1ST RESISTANCE AREA : 17380.00-17390.65
2ND SUPPORT AREA : 17300.50-17311.70 | 2ND RESISTANCE AREA : 17418.60-17426.95
3RD SUPPORT AREA : 17252.45-17263.00
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 36484.80-36552.40 | 1ST RESISTANCE AREA : 37043.60-37175.05
2ND SUPPORT AREA : 36145.75-36262.30 | 2ND RESISTANCE AREA : 37557.15 - 37708.25
PIVOT : 36830.25
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EXPECTATION : The market closed an otherwise volatile session with moderate gains on September 9,
but the broader market continued to outshine key benchmarks. Select FMCG, IT and metal stocks led the support to the market,
whereas select banks and pharma stocks saw selling pressure.
The BSE Sensex climbed 54.81 points to 58,305.07, while the Nifty50 was up 15.80 points at 17,369.30 and
formed bullish candle on the daily charts as the closing was higher than opening levels.
The index during the week gained third of a percent and formed Doji kind of candle on the weekly scale.
Due to lack of follow-through buying interest, benchmark Nifty consolidated in the range of 17,250-17,450 levels.
While the medium-term trend is still positive, traders may prefer to book profits near resistance levels due to an overstretched rally.
For the bulls, 17,250 and 17,200 would be key support levels. Above the same, the uptrend formation is likely to continue up to 17,450-17,650 levels.
On the flip side, dismissal of 17,200 may fuel further weakness up to 17,100-17,000 levels
Key support and resistance levels on the Nifty & Banknifty provided above.
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Mentorship InstaView 08 Sept’21: Banks save the Day
Nifty View: Intraday volatility stays on the higher side as the benchmark Nifty index oscillated within a day’s range of 125 points. At a close of 17,386, it was a flattish positive close from the index, up just 10 points. On the daily time frame, we have clear signs of directional uncertainty thanks to formation of Dojis or small bodied candles. If banks continue to support the index like they did today, then a break down is unlikely and the index might as well inch further up towards a new life high. So continue to focus primarily on the private sector banks. Maintain a cautiously bullish stance on the overall market.
Watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 07 Sept’21: Today's low Important Now
Nifty View: Intraday volatility makes a comeback as the benchmark Nifty oscillates within a days range of 150 points. At a close of 17,375, the index lost 28 points on a day on day basis and form a beautiful "Doji". Yesterday we spoke about the possibility of an exhaustion gap on the daily charts and keeping in mind today's price action this possibility to be an exhaustion is quite high. Important level to watch for tomorrow will be today's law of 17,300, break below which will definitely infuse selling pressure in the overall market. Please watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 06 Sept’21: Was it an Exhaustion Gap today?
Nifty View: Yet another positive daily close for the benchmark Nifty index in today’s session - up close to half a percent to end above 17,400. We had a gap up opening today post which there was a definite lack of follow-through buying which has lead to a small bodied daily bar. We have also noticed profit taking from most large cap index stocks like RELIANCE which have slipped from their respective daily highs. Can this lead to a short term top and eventually a correction this week? Please watch the video for a more detailed analysis.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty & Banknifty Trade Setup for 6 Sept.
MARKET ANALYSIS AND PREDICTION FOR 06.09.21 (MONDAY ) ON 9 SEPT
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* NIFTY 50 *
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SUPPORT AREAS
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1ST SUPPORT AREA : 17307.10-17315.20 | 1ST RESISTANCE AREA : 17360-17380
2ND SUPPORT AREA : 17211.25-17225.50 |
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 36484.80-36552.40 | 1ST RESISTANCE AREA : 37043.60-37175.05
2ND SUPPORT AREA : 36145.75-36262.30 | 2ND RESISTANCE AREA : 37557.15-37708.25
PIVOT : 36830.25
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EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat.
One may expect showing another round of consolidation
or minor profit booking from the new highs, before further upside in the next 1-2 sessions
The next upside levels to be watched around 17,380 and immediate support is provided.
This pattern has nullified a minor negative/consolidation pattern on the daily chart.
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Post Market Analysis & Outlook of the SetupThe markets is making new highs daily. For the long term, we are bullish, however, after such a move, the market might see some correction. Investors are advised to keep trailing stop losses to their positions,
Technically, Nifty has formed a strong bullish candle on the weekly charts which is broadly positive.
On daily and intraday charts, it also maintains a breakout continuation formation indicating further uptrend from the current levels.
While the short-term trend remains positive, some profit-booking could be in the offing as traders may prefer to book some profits near 17,500 resistance level.
For the trend following traders, 17,150 and 17,000 could be the important support levels while on the flip side, 17,500 and 17,700 could act as important resistance levels.
Nifty is now headed for 17,375 and 17,400 in the coming few trading sessions. The levels of 17,200 and 17,280 will act as strong support levels(Intraday Basis) for the benchmark index.
Traders can consider buying on every correction with strict stop loss as long as Nifty is trading above 17,150.