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TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 21-12-2021LEVELS 29-11-2021 NIFTY RES- 1.34600 16700 2.34750 16800 3.35000 16600 SUP-1.34400 16400 2.34150 17300 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
Swing Trading Opportunities for the week beginning 20-12-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 20-12-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK I have changed the format to some extent and I request you to let me know if you like this approach to finding Swing Trading Opportunities or the one that I was following till last weekend. Important - Nifty is below 17000 and this analysis is purely based on what is seen on the charts as low risk entries. It is possible that you may come across several other opportunities but as the markets fall, my universe of analysis gets restricted to my holdings and Nifty as well as Bank Nifty. This week’s analysis has been performed accordingly. It is easy to get attracted by several opportunities but funds are limited but underlying risks are not. I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Considering the Monthly Charts, the following sectors look good: Auto Bank Nifty CPSE Media PSE Considering the Weekly Charts, the following sectors look good: Auto Bank Nifty CPSE FMCG IT Media MidCap100 PSU Bank Realty If you look at the sectoral indices on the daily charts, all of them look beaten down and you would not like to trade them. This is precisely the message for a short term trader - these could be good short sell candidates, but not for Swing or Positional candidates. WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 16985 Adani Ports Grasim HDFC HDFC Life ITC Maruti Reliance Tata Consumer NAM India Accelya Bayer Crop Kotak Bank ETF KSCL Nazara Sun TV Trent I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 19-12--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:TRENT
by AVENUESOFINVESTMENT
Data Driven Analysis of Indices for the week ending 17 Dec 21DATA DRIVEN ANALYSIS OF NIFTY & BANK NIFTY FOR THE WEEK ENDING 17-12-21 This is a new weekly post/series where I will briefly capture the key highlights of the 2 leading indices. This post is supported by a video that takes you through the details of how I have arrived at the analysis. I encourage you to view the video as well since not everything can be captured in a document form. I hope that this effort would help the readers and viewers to get a crisp idea about what happened in the markets over a period of one week. Important - Although the markets are very hard to predict in the short term, the main issue presently faced is that even on an intraday basis, the markets have been extremely volatile. This may impact the traders who trade on an intraday basis. If you are one such trader, please be careful and assign top most priority to risk management. BANK NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 36364 EOD on 17-12-21 = 35618 up by -746 points or -2.06% from 1-12-21 The highest level in the week ending 17-12-21 = 37581 on 13-12-21 The lowest level in the week ending 10-12-21 = 35535 on 17-12-21 Difference Highest - Lowest = 2046 points or -5.76% from the lowest level In the last one week, Bank Nifty has made a downward move of 1487 points or 4.01% which is a bearish sign. NIFTY The comparison is done with 1-12 Numbers as the start of the month. EOD on 1-12-21 = 17166 EOD on 17-12-21 = 16985 up by -181 points or -1.05% from 1-12-21 The highest level in the week ending 17-12-21 = 17629 on 13-12-21 The lowest level in the week ending 17-12-21 = 16966 on 17-12-21 Difference Highest - Lowest = -663 points or -1.91% from the lowest level In the last one week Nifty has made a downward move of 526 points or 3.00% which is a bearish sign. FII - DII DATA: DEC 2021 FIIs = -26,684 Crores DIIs = 19.487 Crores Net is = -7,197 Crores Based on last week’s workings, I estimate a net FII-DII selling of 12,500 Crores and the way it is posed now, it seems we may unfortunately hit the target. Conclusion: The FII selling is concentrated on the index heavyweights which is impacting the entire market sentiment. DIIs have not been able to hold on to the selling pressure though they may be doing their best in terms of buying every dip. But the action of Friday 17-12 indicated that the DIIs were also not convinced that we have reached the bottom. SGX Nifty is as of the end of the week indicating a -23 points close. This may change the moment market opens as every rise is sold in to. BANK NIFTY When HDFC Bank, ICICI Bank, and Kotak Bank decide not to support the index, there is no way other members of the family would be able to lift the index. When these 3 are in selling mode, SBIN also joins the party and then the game turns one sided. Bank Nifty has been oscillating between underperforming to outperforming Nifty and has been moving all over the place. Kotak Bank has been experiencing extreme volatility as it moved from a high of 1890 on 16-12 to a low below 1800 on 17-12. That is a movement of 5% in 1 trading session which is quite a significant one. NIFTY The IT heavyweight Infosys could do little despite going up 5%+ in the last 2 sessions. The selling pressure was so intense that the positivity was outnumbered. In the process, Infosys managed to hit its ATH which is a good sign. HDFC and Reliance in particular have been hammered by the FIIs and that is one of the reasons why Nifty keeps drifting on the lower end. HDFC has fallen more than 10% from its ATH and that is not a good sign at all. The HDFC twins and the Bajaj twins have to do a major turnaround for the indices to change the color otherwise, we will keep witnessing 1 step forward and 2-3 backwards in the coming week as well. 17630 on Nifty and 37600 on Bank Nifty are the levels that need to be overcome on a closing basis for the bulls to regain the momentum. Any close below that would keep providing intraday to swing opportunities only. Here is the video link: Please feel free to comment/share your feedback as, like you, I am also a learner of the markets! And therefore, I have the right to be wrong on either side as no one can predict the moves. Happy Trading/Investing! Umesh 19-12-21
NSE:NIFTY
by AVENUESOFINVESTMENT
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 16-12-2021LEVELS 29-11-2021 NIFTY RES- 1. 37200 17420 2.37000 17280 SUP-1.36540 17060 2.36300 17000 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 14-12-2021LEVELS 29-11-2021 NIFTY RES- 1.37465 17562 2.37200 3.37550 17700 SUP-1.37000 17420 2.36800 17300 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 13-12-2021LEVELS 29-11-2021 NIFTY RES- 1.37465 17562 2.37200 17700 SUP-1.37000 17420 2.36800 17300 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:RADICO
by maverick_trader2002
2
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 9-12-2021LEVELS 29-11-2021 NIFTY RES- 1.37465 17562 2.37800 17700 SUP-1.37200 17420 2.36800 17300 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:DALBHARAT
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 8-12-2021LEVELS 29-11-2021 NIFTY RES- 1. 36800 17420 2.37200 17280 SUP-1.36440 17090 2.36230 17000 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:BANKNIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 7-12-2021 LEVELS 29-11-2021 NIFTY RES- 1. 36000 16960 2.36200 17090 SUP-1.35700 16785 2.35400 16700 3.35180 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:SUBEXLTD
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 2-12-2021LEVELS 29-11-2021 NIFTY RES- 1.36252 17200 2.36437 17080 3.36730 17280 4.35977 5.37200 SUP-1.34872 16975 2.35178 16785 3.35415 16700 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 1-12-2021LEVELS 29-11-2021 NIFTY RES- 1.36252 17200 2.36437 17080 3.36730 17280 4.35977 SUP-1.34872 16975 2.35178 16785 3.35415 16700 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 30-11-2021LEVELS 29-11-2021 NIFTY RES- 1.36252 17200 2.36437 17080 3.36730 17280 SUP-1.35710 16950 2.36000 16785 3.35415 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
Swing Trading Opportunities for the week beginning 15-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 15-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - SECTORS LOOKING GOOD FOR LONG POSITIONS- Nifty 100 Nifty 200 Consumption FMCG IT WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18102.75 Adani Ports Asian Paints Britannia HCL Tech Hindalco Nestle TCS Wipro IDFC First Bank Damia Bharat Force Motors Hind Petro ICICI Pru Life IRCTC Jubl Food Naukri Sanofi Nazara As compared to the last week there are fewer opportunities as many of the sectors have already moved up during the week and some have become weak during the week. This means that as and when there is further buying in these sectors, Nifty may get a push-up. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 14-11--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NAZARALong
by AVENUESOFINVESTMENT
NIFTY AND BANK NIFTY LEVELS FOR 8th NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank
NSE:NIFTY
by maverick_trader2002
Swing Trading Opportunities for the week beginning 08-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 08-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17916 Asian Paints Britannia HCL Tech Infosys Nestle NTPC SBI Life Tata Consumer IDFC First Bank Abbott Angel Broking Mangalam Cements Mirza International Orient Hotels Tata Coffee TRF Accelya Bayer Cropscience SECTORS LOOKING GOOD FOR LONG POSITIONS- Value 20 Consumption CPSE Dividend Opportunities FMCG IT Metals Next 50 As compared to the last week there are fewer opportunities as Nifty has become very volatile and has wild swings leaning towards the downside and is facing stiff resistance on the way up. I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 7-11--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:BAYERCROPLong
by AVENUESOFINVESTMENT
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
Swing Trading Opportunities for the week beginning 01-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 01-11-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17671 Britannia BPCL Cipla Divis Labs Hero Motors Infosys Maruti Nestle Shree Cements Ultra Tech ACC Apollo Hospitals Bank Baroda CGCL HAL India Cement IRCTC Lupin McDowell Metropolis Naukri OFSS PEL Pidilite Raymond Safari Salora Sanofi Varun Beverages Voltamp IGL NAM India SECTORS LOOKING GOOD FOR LONG POSITIONS- Auto Consumption CPSE IT MNC Next 50 Private Bank PSE Now that Nifty has breached 18000 on the downside, there are newer opportunities that are coming up. This is a good sign, however, the coming week is going to be a truncated week with only 3 sessions and a Mihirat Trading session taking place. Thus, a clearer picture would emerge only on 8 Nov 21 based on where the market ends. This also means that maybe some of the existing opportunities may not be available at that time. It is up to the trader/investor to make a decision about the same. I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings. Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, 31-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:NAM_INDIA
by AVENUESOFINVESTMENT
The Good Run comes to an end -Indices slip big time as Vix spikeNIFTY 50 EOD ANALYSIS 28-10-21 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 18187.65 H 18190.70 L 17799.45 C 17857.25 EOD - -353.70 points / -1.94% India VIX = 17.91 / +6.42% SGX Nifty 28-10-21 1930h = +58 points FII DII = Not yet updated CHART BASED CONCLUSIONS using 5 Minutes Chart Nifty opened with a mild gap down and then continued its downward journey till the series expired amidst increasing volatility. In the process, Nifty breached all crucial supports and ended the day at 17857 which was around the Fibonacci level of 61.8%. This is one of the biggest falls in recent weeks despite the global cues not being very weak. NIFTY WEIGHT LIFTERS & DRAGGERS Top 5 Lifters contributed = 18 Top 5 Draggers contributed = 169 Net = -151 POSITIVES The only saving grace was that Nifty ended above 17800 and Bank Nifty above 39500. The charts and the stock prices have been thrown in complete disarray and many leading scrips have lost key support levels so we have to see where the indices end tomorrow. NEGATIVES There will be a long list of negatives if I start writing. However, there are 2 key negatives that I am listing: Nifty broke the 18000 psych level very easily. In the same manner, Bank Nifty broke 40500 and then 40000 and almost broke 39500 with effortless ease. The free fall in the indices is a cause of concern as we head into the festive days. This time, the indices seem to be ready to spring some surprises! I wish these turn out to be good for the majority. TRADING RANGE FOR 29 October 2021 Looking at the violent and long-range moves today, I am avoiding stating any levels for tomorrow and would wait for the week to end before drawing up the lines. INSIGHTS / OBSERVATIONS 40900 PE low for the day was 167 40900 PE ended the day at 1388 Even with 1 lot at risk, the return would have been at max 700%+!! 18200 PE low for the day 52 EOD = 344 Even with 1 lot at risk, the return would have been at max 600%+!! If you follow Fibonacci Retracements, you would be interested in having a look at this tweet posted a few minutes back: What do you feel about this? Here is the video link -- Thank you, and Happy Money Making! Umesh 28-10-21 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
2
Swing Trading Opportunities for the week beginning 25-10-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 18-10-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR THE COMING WEEK This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18114.90 EI Hotels KSCL Sharda Crop 3M India Pidilite Rane Engine Valves Sanofi SBI Card STR Tech Wabco Wendt Westlife Development SECTORS LOOKING GOOD FOR LONG POSITIONS- Consumption FMCG Growth Sectors Metals Clearly, there are fewer opportunities this week than earlier and many new names have featured that were not registered earlier. Same way, the sectors have also rotated and this explains the fall in Nifty from its ATH at 18600+. Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Here is the Video Link: Thank you for your time and Happy Learning, Umesh 24-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:WESTLIFELong
by AVENUESOFINVESTMENT
21-10-21 Bank Nifty - What a Move! And yet it made me sad!A MISSED OPPORTUNITY THAT WOULD HAVE HELPED ME BUY A NEW LAPTOP! Trade Opportunity Date: 21-10-21 Yet another Missed Opportunity-- Bank Nifty at 39550+ Went long 39400 CE at 242 as it was an expiry day and did not want to make the mistake of trading an ATM CE. SL hit at 185 Moved to Nifty 18000 CE as I have not traded Bank Nifty after it cleared 39000 and clearly the SL was an indication that my readings were not good as I had the opportunity to at least place SL at cost or just below the cost. In between checked what happened to the 39400 CE. Surprised to see it at 185! After making a low of 87! The order window was opened by me but realized that the option had decayed to some extent. So suspecting a faster decay if Bank Nifty does not move for some time, i chose not to take the trade. Nifty CE was already in green so chose to play safe. My order would have been for 4 lots or 100 shares. Usually, I don't trade this size but I was expecting a bounce-back as Nifty had been beaten down and that is what usually happens on such days especially when they happen to be the expiry days. After some time I thought of checking where that CE is. I could do so as my Nifty trade was moving on well. 39400 CE was at 553! A few minutes later 600! EOD 632 Assuming I would have held on as I did in Nifty, I may have got 400 points or 100*400 = 40,000! No regrets as I was not ready to take the risk and my Nifty trade was moving on well But this has made my weekend work cut out for sure! This is the potential of Bank Nifty and I will find a way in which I can be part of such moves in the time to come. A few readers/viewers have asked me why I did not cover this huge move in my analysis. The reason is that I mainly analyze Nifty and Bank Nifty is a sub-set if it so it gets covered in any case. How many of you were able to catch this move or like me missed the move? I would love to read your feedback as always! Best wishes for a brighter week which also happens to be the Monthly Expiry week! Umesh 24-10-21
NSE:BANKNIFTY
by AVENUESOFINVESTMENT