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Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally. However Can the momentum continue without a decrease in Open Interest? FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr Important levels which may act as Support and resistance for the day Imp levels on the upside: 19865 / 19890 / 19922 Imp levels on the downside 19705 / 19682 / 19640 The zone of 19640-19682 is going to be very important for the Oct series. Take care & safe trading...!!! Like and Follow
NSE:NIFTY
by indiamarketoutlook
"SATINDLT: A Newly Listed Gem Poised for Potential Gains"Description: 🚀 SATINDLT: A Hidden Opportunity Unveiled! 📈 Are you on the lookout for a fresh trading prospect? SATINDLT, newly listed on NSE in November '22, is making waves with its potential. Here's the scoop: Key Points: 📊 Newly Listed Gem: SATINDLT emerged on the NSE scene in November '22, offering a unique opportunity for traders to get in on the ground floor of a promising stock. 📈 Trendline and Horizontal Support: The stock is currently trading on both a trendline support and a horizontal support zone. This dual support structure adds strength to the trade setup. 🔙 Pullback from Support: SATINDLT has recently experienced a pullback from these support levels, potentially setting the stage for a bounce-back rally. 💰 Favorable Risk-Reward: This trade setup offers an enticing risk-to-reward ratio, allowing you to aim for greater gains while carefully managing your risk. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 116.00, positioning yourself for potential upside as the stock regains momentum. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 105.00. This level serves as a safety net should the trade not go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 160.00, representing a significant potential upside. This is where you may consider taking profits. 🚀 Trade Strategy: Keep a close eye on SATINDLT as it navigates this exciting phase. Be prepared to act when the stock gains traction, and remember to adjust your stop loss to secure your gains. This trade idea offers a comprehensive plan, highlighting the unique opportunity presented by a newly listed stock. Dive into SATINDLT as it shows potential for a rewarding journey. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:SATINDLTDLong
by We_Learn_Investing
"ICRA: Riding the Uptrend with Confidence"Description: 📈 ICRA: Seize the Uptrend Opportunity! 🚀 Get ready to capitalize on a promising uptrending stock - ICRA! Here's why this opportunity deserves your attention: Key Points: 📊 Up-Trending Stock: ICRA has been on a consistent uptrend, indicating strong market sentiment in its favor. 📈 Positive Relative Strength (RS): The stock exhibits positive Relative Strength (RS), showcasing its ability to outperform the broader market. 📉 Correction from Highs: After reaching higher levels, ICRA has experienced a healthy correction, potentially setting the stage for the next leg up. 📊 Trading on Support: ICRA is currently trading on a reliable support level, providing a strong foundation for potential price appreciation. 🔙 Bouncing Back from Support Line: The stock is showing signs of bouncing back from the support line, a bullish indicator. 📉 Cooled-Down RSI: The Relative Strength Index (RSI) has cooled down, suggesting a potential entry point as the stock regains momentum. 💰 Accumulate or Trade: It's a good time to consider accumulating or trading ICRA, with the potential for both short-term and long-term gains. 📈 Hold for the Long Run: If possible, consider holding ICRA until a major breakdown occurs, taking advantage of its strong uptrend. 💰 Favorable Risk to Reward: This trade offers an enticing risk-to-reward ratio, allowing you to aim for higher rewards while managing risk effectively. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 5760. This entry point positions you well for potential gains as ICRA continues its uptrend. ❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 5348. This level acts as a safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 7000, representing a substantial potential upside. This is where you may consider taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 5760 and a stop loss at Rs 5348, the risk-to-reward ratio for this trade is approximately 1:1.63. For every unit of risk, there's a potential reward of 1.63 units. 🚀 Trade Strategy: Stay confident as ICRA continues its uptrend. Monitor the stock closely and adjust your stop loss to secure your gains as it progresses. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the ICRA uptrend with confidence and seize the opportunity for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:ICRALong
by We_Learn_Investing
"INDUSINDBK: A Chart to Watch for Potential Breakout" "INDUSINDBK: A Chart to Watch for Potential Breakout" Description: 🚀 INDUSINDBK: A Chart Worth Exploring! 📈 Prepare for an intriguing trading opportunity as INDUSINDBK catches our attention with its chart dynamics. Let's dive into the details: Key Points: 📊 Interesting Chart: INDUSINDBK's chart is showing exciting potential, making it a captivating candidate for traders. 📈 Trading on Breakout Zone: The stock is currently trading in a breakout zone, hinting at the possibility of a significant price move in the near future. 🔝 Near Resistance: INDUSINDBK is very close to a resistance level, a critical point that could lead to a breakout if breached. 🚀 Recent Small Rally: We've witnessed a small rally in the recent past, indicating the stock's ability to gain momentum. 🕒 Time Correction: After the rally, the stock has undergone a time correction, potentially setting the stage for the next upward move. 💰 Favorable Risk to Reward: This trade offers an attractive risk-to-reward ratio, allowing you to aim for higher rewards while managing risk effectively. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 1440.00, positioning yourself for potential gains as the stock seeks to break out. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 1335.00. This level acts as a safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1700.00, reflecting a substantial potential upside. This is where you may consider taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 1440.00 and a stop loss at Rs 1335.00, the risk-to-reward ratio for this trade is approximately 1:1.48. For every unit of risk, there's a potential reward of 1.48 units. 🚀 Trade Strategy: Stay vigilant as INDUSINDBK approaches the resistance zone. Be ready to act swiftly when the breakout occurs, and remember to adjust your stop loss to secure your gains. This trade idea offers a comprehensive plan with a calculated risk-to-reward assessment. Watch INDUSINDBK closely as it teases a potential breakout. Happy trading! (Note: Always perform your own research and evaluate your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:INDUSINDBKLong
by We_Learn_Investing
GOLD sideway waiting for Jackson Hole During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the Jackson Hole Symposium. Despite a stronger US Dollar (USD), gold has displayed resilience due to conflicting discussions within the Fed at Jackson Hole and a recent decrease in bond yields from United States treasury. Additionally, recent economic data from the United States has played a role in supporting XAUUSD's stability amidst these circumstances. You can set up a SELL order around the price zone 1923-1925. SL 1930. Have a nice day
OANDA:XAUUSDShort
by Mars_Hunter
3
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases. ⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high. ⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate. ⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
OANDA:XAUUSD
by Mars_Hunter
GOLD has not yet escaped from the price band 1905OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation in the UK and China is also having an impact. The employment and inflation figures in the UK have created curiosity, especially about the Bank of England's (BoE) interest rate hike policy. Meanwhile, in New Zealand, the Reserve Bank of New Zealand (RBNZ) maintained interest rates and faced an upbeat situation on inflation. Besides, China is also facing difficulties, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. BUY XAUUSD: 1886 - 1884 Stoploss : 1880 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
OANDA:XAUUSDLong
by Mars_Hunter
2