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Tatamotors

Nifty ends at ATH Close above 16600NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+ points away from the ATH level and this may be the hardest journey. A Pro gap-up opening was seen today indicating that the bulls are likely to buy at any dip in the index. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINSERV 28 HDFC BANK 23 BAJAJ FINANCE 20 ICICI BANK 12 RELIANCE 08 TOTAL 91 The Draggers INFOSYS 10 HDFC 08 TCS 04 NESTLE 03 ASIAN PAINTS 02 TOTAL 27 Lifter - Draggers = +64 The above explains how Nifty managed to close at the ATH level as the draggers proved ineffective. POSITIVES A sustained rally to end the day at ATH. HDFC BANK decisively cleared the long-time resistance of 1530-35. Even though HDFC, INFOSYS, and TCS ended in the red, they could not have any significant impact on the Nifty. BANK NIFTY helped Nifty as it soared 700+ points from the intraday low of 35070. NEGATIVES 16650 is likely to be a hard line to cross as the index immediately fell as it was close to that area. Similarly, for BANK NIFTY 35800 appears to be a tough one to clear as it retraced from around that area. FIIs have sold heavily in excess of 1,500 Crores and Nifty ends on an ATH! There is something that is still bugging the FIIs. TRADING RANGE FOR 25-8-21 The Nifty baseline moves up to 16400-450. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS As mentioned yesterday, TATAMOTORS has been witnessing intensive selling pressure for the last few days and today it breached its 200 DMA around 278 and made a low just above 268. It then made a smart recovery to close just above the 200 DMA but clearly, there was something at play and hopefully, it is now out of the way. MARUTI also came under pressure but it derived support from the earlier swing low which became the FIB level around 6745-50. However, it keeps getting sold into around 6825-50 and it barely managed to close above 6800. Another observation re MARUTI is its 6800 Aug CE. This call was witnessing wild swings and moved all over and quickly - sometimes, it rose well ahead of the spot moving up and then getting sold in to and going flat even when the spot moved up. There was something at play that was not visible on the charts. What do you feel? Thank you, and Happy Money Making! Umesh 24-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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
Simple Trade Setup | TATAMOTORS | 13-08-2021NSE:TATAMOTORS Finally it managed to close above 305 level. On Daily time frame it has breakout 21DMA. Please refer below chart. If it trades above 307 level then it will be good buy entry. All the levels and target are mentioned on the chart. I hope it is easy to understand. Do comment your doubt or suggestion if any. All the best for tomorrow. P.S: I don't know there is some error in TradingView as it shows closing price of TATAMOTORS as 295.45. Which is incorrect.
NSE:TATAMOTORS
by Trading_hawk
Nifty clears 16350 and closes at ATHNIFTY 50 EOD ANALYSIS -12-08-21 IN SUMMARY O 16,303.65 H 16,375.50 L 16,286.90 C 16,364.40 From P Close 82.15 H-L 88.60 VIX 12.37 FII -212 DII 307 Net Crores 95 CHART BASED CONCLUSIONS Nifty finally cleared all the hurdles and closed past 16350 at 16364.4 which is an ATH close. It ended 11 points below the day’s high which is a good sign. Nifty opened Gap-up mildly and then there was almost a retest of the P Close and then it never looked back and kept crawling upwards with the weekly expiry jerks in between. Although Nifty has made an ATH close, the volumes are not high which is not a good sign. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters of Nifty Points Contributed ICICI BANK 11 LT 10 INFOSYS 9 TECH M 8 TATA MOTORS 7 45 Top 5 Draggers of Nifty Points Contributed EICHER MOTORS 6 RELIANCE 5 AXIS BANK 2 GRASIM 1 IOC 1 15 Lift - Drag 30 POSITIVES Nifty made an ATH close near day high. Advances to Decline ratio is almost 4:1. HDFC BANK managed to close today above 1500. HDFC twins, TATA MOTORS, ICICI BANK, and KOTAK BANK led with good moves. NEGATIVES RELIANCE closed below P Close. It has the tendency to not perform when most of the market is performing. AXIS BANK, SBIN, and MARUTI kept the pressure on the sell-side. BANK NIFTY failed to close above 36000 though it made good efforts. TRADING RANGE FOR W/B 13-8-21 Nifty broad range for the week 16000-16500. As of now, it has not made any significant movement from where one could derive the likely supports and resistances. BANK NIFTY support base at 35200-600 and resistance at 36200-36500. INSIGHT / OBSERVATIONS It was an uneventful expiry as all the drama and excitement happened on the Volatile Wednesday. FTSE was negative and yet Nifty has managed to close at ATH with a good sustained move. If the US markets do not end in green, Nifty may witness high VIX actions. The weekly candle as of now appears to be range-bound indicating that there is still a breakout or breakdown in the offing. The vols are not good enough for a bull market. And tomorrow is Friday, the 13th! Thank you, and Happy Money Making! Umesh 10-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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