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Expecting a Bullish Move in CUMMINSIND As per the 2 Hour Chart of CUMMINSIND, we have witnessed a formation of a bullish engulfing on the downside levels. Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 1001.85, 1017.85, and 1029.15. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 976.90, on closing basis. Closing Price (as on 17.05.22) : 991.80 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:CUMMINSINDLong
by alokdaiya
Nifty respects Technical Analysis to perfectionOn May 13, we highlighted chart set up which indicated Nifty near possible support zone. On May 17 morning, we highlighted F&O trade data analysis which increased our confidence to stay Long.... Now results of doing our homework is in front of you... - Charts helped us identify important levels where trading decisions can be taken beforehand and - F&O data analysis gave us the confidence while in the trade... Do not ignore the importance of studies. View Going forward... Nifty rallied 417 points, however Open Interest has gone down. Let us breakdown the data and dig deeper for better understanding. F&O trade data analysis Futures - Retail traders squared off 13.16K Long position and squared off 5.59K Short position - FIIs squared off 1.29K Long contracts and squared off 13.91K Short contracts - Proprietary traders added 4.47K Long contracts and added 7.21K Short contracts Call Option - Retail traders squared off 3.53 Lakh Call Long contracts and squared off 1.68 Lakh Call Short contracts - FIIs added 35.82K Call Long contracts and squared off 16.40K Call Short position - Proprietary traders squared off 6.54K Call Long contracts and squared off 1.39 Lakh Call Short contracts Put Option - Retail traders added 9.13 Lakh Put Long contracts and added 7.06 Lakh Put Short contracts - FIIs added 48 K Put Long contracts and added 80.46K Call Short position - Proprietary traders added 1.56 K Put Long contracts and added 3.32 Lakh Put Short contracts Retail participants have bought Puts aggressively for protection. FIIs have been covering their Short positions for the last 3 days. Pro traders have been Net Short sellers in Index Futures however in Options they look likely to have hedged their overall positions through Options. View: We might see a consolidation phase now... Going forward important levels for Nifty on the lower side 16168 / 16030 / 15960 / 15860 / 15680 On the upper side 16320 / 16422 / 16505 / 16800 / 17218 are important resistance levels to watch out for Take care & safe trading...!!! Like & Follow! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
1
Nifty: Bullish Harami Cross pattern in daily charts & F&O data - On charts we observe a Bullish Harami Cross in daily charts pattern F&O trade data analysis Futures - Retail traders squared off 10.2K Long position and squared off 12.88K Short position - FIIs added 10.5K Long contracts and squared off 1.22K Short position - Proprietary traders squared off 13.77K Long contracts and squared off 1.10K Short contracts Call Option - Retail traders added 2.07 Lakh Call Long contracts and added 2.25 Lakh Call Short contracts - FIIs squared off 14.40K Call Long contracts and squared off 6.83K Call Short position - Proprietary traders added 65.55K Call Long contracts and added 39.33K Call Short contracts Put Option - Retail traders added 4.0 Lakh Put Long contracts and added 3.36 Lakh Put Short contracts - FIIs squared off 14.12K Put Long contracts and squared off 4.98K Call Short position - Proprietary traders added 52.7 K Put Long contracts and added 1.06 Lakh Put Short contracts FIIs have added Net Long in Index Futures on 16 May 2022 On a gross Position basis FIIs Long::Short ratio has come down from 1::5 to currently at 1::2.5 Retail traders have added Net Call Short and have been Net Put buyers on 16 May 2022 Prop traders have squared off Index Futures Long position and have added Net Put Short and have been Net Call buyers on 16th May 2022 Trading view : Continue to hold our trade position suggested in the previous post with same terms and conditions - 15720-15680 critical support zone Take care & safe trading...!!! To trade with me Like & Follow! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
AMRUTANJAN AT SUPPORTVanakkam Makkale. Amrutanjan bounced back from support of the trendline so expecting good upside from the scrip. But as i always say whatever we do must follow risk rewrad and money management. I personally lokoking to enter at lower levels according to market condition because dont forget that market is in bear territory. Have a profitable trade. Comments your thoughts below and have any questions means kindly type below. Thank you for following.
NSE:AMRUTANJANLong
by trade_withpriceaction
3