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.
Supply and Demand
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.
Nifty & Banknifty Trade Setup for 3 Sept MARKET ANALYSIS AND PREDICTION FOR 03.09.21 (FRIDAY ) ON 9 SEPT
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* NIFTY 50 *
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SUPPORT AREAS
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1ST SUPPORT AREA : 17211.25-17225.50 |
2ND SUPPORT AREA : 17131.05-17145.00 |
3RD SUPPORT AREA : 17075.55-17087.10
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 36145.75-36552.40 | 1ST RESISTANCE AREA : 37043.60-37043.60
2ND SUPPORT AREA : 36484.80-36552.40 | 2ND RESISTANCE AREA : 37557.15-37708.25
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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 further upside in the next 1-2 sessions, before showing another round of consolidation
or minor profit booking from the new highs.
The next upside levels to be watched around 17,500 and immediate support is placed at 17,150,
A long bull candle was formed on the daily chart, that surpassed a reasonable negative candle of Wednesday and closed above it.
This pattern has nullified a minor negative/consolidation pattern on the daily chart and this display a strength of upside momentum in the market.
This is positive indication and one may expect more upside in the short term,
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Mentorship InstaView 02 Sept’21: What Slow Down?
Nifty View: The benchmark Nifty index seems to be in no mood to consolidate or slowdown. A gain of over 150 points in today’s session takes the index to a new life high and close at 17,247. Early signs of price-momentum divergences have stated to shape up in the intraday charts which can lead to a consolidation, but considering the underlying momentum and resilience it seems that those consolidation will only lead to further rally. It’s prudent to maintain a bullish bias and look for buying opportunities rather than attempting to short this 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 01 Sept’21: What Goes Up, Must Slow Down
Nifty View: We now have a slow down of the recent momentum as the benchmark Nifty posted a flattish negative close to end the trading session at 17,096. The index did slip quite a bit from its intraday high of 17,228 to end the series of four consecutive positive daily closes. No damage to the underlying UP trend yet and any further weakness should be first looked into as an opportunity to go long. Stock and sector specific momentum continues as we noticed in the Real Estate stocks today, and this trend is likely to continue. So keep a bullish bias. 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 31 Aug’21: Malaang
Nifty View: The rally and momentum continues as the benchmark Nifty index gains over 150 points to scale above the milestone of 17K - congratulations. The lack of any sign of consolidation or intra-day correction clearly establishes the fact that we are in a very strong Bull market. With this recent up move the index has now moved into a state of high-ranged UP trend which essentially means a consolidation is nearby. 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 30 Aug’21: I Believe I Can Fly
Nifty View: A strong opening to the week from the benchmark Nifty index today. A gain of over 200 points to inch very close to the next milestone - 17,000. There is no dearth of momentum and resilience and so we should not question the possibility that this 17K level will be breached. However intraday charts are a little stretched in terms of momentum indicators and so a slow down is likely ahead 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.
Mentorship InstaView 26 Aug’21: Rare Boring Expiry
Nifty View: Hi good evening traders … we are on the evening of 26th of August 2021, fairly muted session for the nifty specially keeping in mind that we had the expiry of derivatives contracts today, up by just six points on the daily timeframe. We now have consecutive to spinning tops and on a day on day basis you can see lower high and lower lows, this is not exactly a bearish sign but this is a sign that we should take it with a little caution. There is a price momentum divergence on the daily time frame and also the range of the market is shrinking, these are definite signs of consolidation and the important question is whether it will correct or consolidate. I have shared my detailed view in the video. I hope you will find it useful enough.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 25 Aug’21: Spins off the New Life High Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily time frame which can lead to some consolidation/ correction in days ahead. So it is advisable to maintain a bullish bias but with a bit of caution.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 24 Aug’21: A new life-high this week?
Nifty View: A fine short term breakout from the benchmark index in today’s session. With this move, the index clearly shows the intention of a possible new life high soon. Will it deliver? Considering the expiry of derivatives contracts coming up the possibility and volatility both are likely to be on the higher side. Do watch the video for a detailed analysis of the index, sectors and a few stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Mentorship InstaView 23 Aug’21: Frustrating Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less with strict risk management.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
STOCK TO WATCH LAL PATH LABSGood evening friends
Today we are going to talk about Lal path labs. Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
Thank you and Regards.
** NIFTY & BANKNIFTY PRE & POST MARKET ANALYSIS FOR 10 AUG ** MARKET ANALYSIS AND PREDICTION FOR 10.08.21 (TUESDAY ) ON 12 AUG
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* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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1ST SUPPORT AREA : 16229.35-16241.70 | 1ST RESISTANCE AREA : 16267.35-16287.10
2ND SUPPORT AREA : 16176.10-16195.95 | 2ND RESISTANCE AREA : 16321.25-16338.35
3RD SUPPORT AREA : 16126.40-16147
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 35697.30-35787.30 | 1ST RESISTANCE AREA : 35907.40-35980.55
2ND SUPPORT AREA : 35440.70-35527.35 | 2nd RESISTANCE AREA : 36143.85-36217.20
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EXPECTATION : AS FOR TOMORROW I AM EXPECTING A NEGATIVE NIFTY & BANKNIFTY. CHANCES OF MARKET REMAINING
FLAT, RANGE BOUND IS HIGH.
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 ANALYSIS & TRADE SETUP FOR 5 AUG **
MARKET ANALYSIS AND PREDICTION FOR 05.08.21 (THURSDAY ) EXPIRY SPECIAL
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* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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1ST SUPPORT AREA : 16176.05-16195.45 | 1ST RESISTANCE AREA : 16272-16290.30
2ND SUPPORT AREA : 16125.90-16145.20 |
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 35907.40-35980.55 | 1ST RESISTANCE AREA : 36143.85-36217.20
2ND SUPPORT AREA : 35697.30-35787.30 |
3RD SUPPORT AREA : 35440.70-35527.35
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EXPECTATION : NIFTY & BANKNIFTY MIGHT BE FLAT. RANGE BOUND AND MIGHT BE A VERY COOL EXPIRY.
CORRECTION MIGHT HAPPEN
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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.
'' IF I CAN DO, YOU CAN ALSO ''TO EARN IN THIS MARKET :
YOU NEED TO HAVE A STRATEGY , THAT HAS BEEN BACK TESTED A LOT OF TIMES.
YOU SHOULD KNOW THE MARKET STRUCTURE, YOUR RIGHT ENTRY & EXIT ALONG WITH OTHER CONDITIONS AND CRITERIA S .
DON'T THINK OF THE PROFIT OR LOSS , IF YOU DO THINK EITHER YOU WILL BE GREEDY OR FEARFUL.
** NIFTY & BANKNIFTY TRADE SETUP FOR 29 JULY || EXPIRY DAY ** MARKET ANALYSIS AND PREDICTION FOR 29.07.21 (THURSDAY ) EXPIRY ON 29 JULY
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* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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1ST SUPPORT AREA : 15677.55-15658.45 | 1ST RESISTANCE AREA : 15752.20-15773.55
2ND SUPPORT AREA : 15617.90-15631.65 | 2ND RESISTANCE AREA : 15820.85-15839.70
3RD SUPPORT AREA : 15567.70-15582.20 | 3RD RESISTANCE AREA : 15876.90-15897.50
PIVOT AREA : 15709.95-15725.70
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 34356.55-34433.45 | 1ST RESISTANCE AREA : 34578.15-34646.00
2ND SUPPORT AREA : 34116.90-34220.90 | 2ND RESISTANCE AREA :34845.00-34926.40
3RD SUPPORT AREA : 33836.50-33931.45 | 3RD RESISTANCE AREA :35116.35-35206.80
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EXPECTATION : LETS KEEP THIS SIMPLE . NIFTY EXPECTING TO BE CALM . BOUND IN A RANGE AND TO BE FLAT.
MAKING EVERY OUT OF THE MONEY CALL AND PUT TO ZERO. SAME FOR BANKNIFTY.
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Jai Hind.
THANKS FOR WATCHING THE VIDEO .
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 ANALYSIS & EXPECTATION FOR TODAY ||27 JULY
MARKET ANALYSIS AND PREDICTION FOR 27.07.21 (TUESDAY ) EXPIRY ON 29 JULY
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* NIFTY 50 *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 15769.00-15786.15 | 1ST RESISTANCE AREA : 15824.20-15844.20
2ND SUPPORT AREA : 15709.65-15729.60 | 2ND RESISTANCE AREA : 15893.10-15914.45
3RD SUPPORT AREA : 15646.60-15663.60
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 34845.45-35012.10 | 1ST RESISTANCE AREA : 35258.05-35394.05
2ND SUPPORT AREA : 34296.90-34428.20 | 2ND RESISTANCE AREA :35670.65-35806.65
3RD SUPPORT AREA : 33809.30-33945.25
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EXPECTATION : NIFTY MIGHT BE FLAT NEGATIVE . EXPECTING A NEGATIVE MARKET FOR TODAY.
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** LOOK THERE ARE OTHERS THINGS THAT WE LOOK UPON WHILE TAKING A TRADE . TO LEARN PLEASE REGISTER WITH US.
WE SHARE OUR PICTURE PERFECT SETUP WITH OUR REGISTERED CLIENT CUM INVESTORS IN MORNING SHARP AROUND 8 AM.
WHETHER THERE WILL BE A GAP UP OR GAP DOWN WE SHARE THERE.
EVEN THERE ARE STOCK SPECIFIC F&O TRADES TOO. **
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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.