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PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 OCT 202428 OCT 2024 WORLD MARKETS 1. US Markets are mixed. Asia is consolidating with a negative bias. Europe is consolidating with a negative bias. INDIA VIX 1. INDIA VIX is very high nearing 15. 14.6 is a good resistance. 2. GIFT Nifty is indicating a down tick of 61 points at 24120 levels. This amounts to 50500 for Bank Nifty. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating with a positive bias. 1730 is a good support. 2. ICICI Bank is range bound between 1270 - 1230 levels. 3. Reliance is bearish with a target of 2550 levels. However it has support at 2630 at 200 SMA. TRADING PLAN 1. NIFTY OPEN BETWEEN 24281 - 24080: Sell any rally to 24350. 2.NIFTY OPEN ABOVE 24350: Sell any rally to 24500. 3.BANK NIFTY OPEN BELOW 24080: Sell any rally to 24100. 4.BANK NIFTY OPEN BETWEEN 50500 -51150: Sell any rally to 51350. 5.BANK NIFTY OPEN ABOVE 50150: Sell any rally to 51350 and break below 51000 decisively. 6.BANK NIFTY OPEN BELOW 50500: Sell any rally to 50800 and fall below 50700. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
Volatility Contraction Pattern | Indigo Paints✅The Volatility Contraction Pattern (VCP) is a price pattern that indicates a potential breakout. ✅How it works:- A stock's price volatility contracts before a significant price movement, which can result in explosive upward momentum. 💡 Indigo Paints Overview 1️⃣Short-Term Outlook 👉Caution Advised: Current indicators suggest short-term caution for investors . 👉Diwali Impact: Potential boost during the festive season as paint stocks typically gain interest 👉Sector Sentiment: Positive investor sentiment in the paint sector may support demand . 2️⃣Recent Performance 👉Stock High: Reached a 52-week high of ₹1,649.1 on October 21, 2024 . 👉Earnings Report: Strong revenue growth, but EPS missed analyst expectations . 👉Insider Activity: Recent share sales by executives raise concerns . 👉Market Position: Stock increased by 5.28%, outperforming the sector . 3️⃣Long-Term Investment Analysis ⭕️Positive Factors:⭕️ Revenue Growth: Increased 18.47% YoY, indicating strong sales EPS Improvement: Up 12.59% YoY, showing profitability growth ✅Concerns: ✍️Market Underperformance: Stock returned 16.2% over the past year, below the Sensex's 21.4% ✍️ROCE Decline: Latest ROCE at 23.65%, suggesting potential efficiency issues 📌 Conclusion Indigo Paints has growth potential due to revenue and EPS increases, but investors should remain cautious about market performance and ROCE trends. ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:INDIGOPNTS
by ReviveTraders
2
Silver MCX Future Technical Chart Analysis for 28th October🚀 Unlock the potential with my #Silver MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 97134 📅 Day Range: 2449 📈 Long Position 🔹 Buy Above: 97133 📊 Average Position: 96845 🎯 Target 1: 98647 🎯 Target 2: 99583 ⛔ Stoploss: 96317 📉 Short Position 🔹 Sell Below: 96556 🎯 Target 1: 95621 🎯 Target 2: 94685 ⛔ Stoploss: 97372 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Silver #MCX #TradingSignals #MCXLevels #TradingTips #SilverLevels
MCX:SILVER1!
by NumroTrader
Gold MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Gold MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 78532 📅 Day Range: 744 📈 Long Position 🔹 Buy Above: 78296 📊 Average Position: 78208 🎯 Target 1: 78992 🎯 Target 2: 79276 ⛔ Stoploss: 78048 📉 Short Position 🔹 Sell Below: 78120 🎯 Target 1: 78072 🎯 Target 2: 77788 ⛔ Stoploss: 78368 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Gold #MCX #TradingSignals #MCXLevels #TradingTips #GoldLevels
MCX:GOLD1!
by NumroTrader
Natural Gas MCX Future Intraday Technical Analysis for 28th Oct.🚀 Unlock the potential with my #NaturalGas MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 258.20 📅 Day Range: 9.70 📈 Long Position 🔹 Buy Above: 256.09 📊 Average Position: 254.95 🎯 Target 1: 264.19 🎯 Target 2: 267.90 ⛔ Stoploss: 252.86 📉 Short Position 🔹 Sell Below: 253.81 🎯 Target 1: 252.21 🎯 Target 2: 248.50 ⛔ Stoploss: 257.04 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NaturalGas #MCX #TradingSignals #MCXLevels #TradingTips #NaturalGasLevels
MCX:NATURALGAS2!
by NumroTrader
CrudeOil MCX Future Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #CrudeOil MCX Future Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 6040 📅 Day Range: 163 📈 Long Position 🔹 Buy Above: 6000 📊 Average Position: 5981 🎯 Target 1: 6141 🎯 Target 2: 6203 ⛔ Stoploss: 5945 📉 Short Position 🔹 Sell Below: 5961 🎯 Target 1: 5939 🎯 Target 2: 5877 ⛔ Stoploss: 6016 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #CrudeOil #MCX #TradingSignals #MCXLevels #TradingTips #CrudeOilLevels
MCX:CRUDEOIL1!
by NumroTrader
Midcap nifty select trades and targets - 28/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
N
by GOPISRI
Nifty trades and targets for - 28/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
NSE:NIFTY
by GOPISRI
Nifty50 Spot Intraday Technical Analysis for 28th October🚀 Unlock the potential with my #Nifty50 Spot Intraday Technical Analysis for 28th October, 2024! 📍 Range Trigger Point: 24181 📅 Day Range: 366 📈 Long Position 🔹 Buy Above: 24300 📊 Average Position: 24257 🎯 Target 1: 24407 🎯 Target 2: 24547 ⛔ Stoploss: 24178 📉 Short Position 🔹 Sell Below: 24214 🎯 Target 1: 23954 🎯 Target 2: 23814 ⛔ Stoploss: 24336 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Nifty50 #NiftySpot #TradingSignals #TradingTips #Nifty50Levels
NSE:NIFTY1!
by NumroTrader
Bank nifty trades and targets - 28/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 100 points as we are getting very few trending moves.
NSE:BANKNIFTY
by GOPISRI
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
2