National Aluminum Co Ltd - Looks Good.Candidate looks good for swing trade with target of 240 INR. and S/L of 180 INR. CMP 205.54 INR.
Reason
Swing Trade
Touch Point reversal
MACD Cross Over
Continuation Wedge (Bullish) Pattern formation
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Trend Lines
Nifty Private Bank Index The **Nifty Private Bank Index** is a sectoral index that tracks the performance of private sector banks listed on the National Stock Exchange (NSE) of India. This index serves as a benchmark for investors who want to gauge the performance of private banking stocks within the Indian market. Here are some key details about the Nifty Private Bank Index:
### Components
The Nifty Private Bank Index includes major private sector banks in India. Some of the well-known banks typically part of this index are:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IndusInd Bank
- Yes Bank
- Federal Bank
- RBL Bank
### Criteria for Inclusion
- **Liquidity**: The stocks must have high liquidity and are generally among the top traded in the private banking sector.
- **Market Capitalization**: Companies with larger market capitalization have a higher weight in the index.
- **Free-float Methodology**: The index is calculated using the free-float market capitalization method, which considers only the shares available for trading in the market.
### Purpose
- **Benchmarking**: It serves as a benchmark for mutual funds and portfolio managers who invest in private banking stocks.
- **Market Sentiment**: Reflects investor sentiment and performance trends in the private banking sector.
- **Investment Product**: Used as an underlying index for various investment products like ETFs and index funds.
### Performance
- The performance of the Nifty Private Bank Index is closely tied to the financial health and growth prospects of the private banking sector in India.
- Factors influencing its performance include changes in interest rates, credit growth, regulatory policies, and overall economic conditions.
This index is widely followed by investors and analysts for its role in representing a significant portion of the financial sector in India.
Kalyan Jewelry: Technical Analysis and Investment OutlookFormation of Bat Pattern: Kalyan Jewelry has recently formed a Bat pattern, a bullish reversal pattern that suggests potential price increases in the near future.
Strong Support Level: The stock is currently trading at a significant support level around ₹525, which may provide a solid foundation for a price rebound.
Decline from All-Time High: The stock has already declined approximately 33% from its all-time high, indicating that it may be undervalued and presenting a buying opportunity for long-term investors.
Long-Term Investment Potential: Given the technical indicators and support levels, Kalyan Jewelry appears to be a promising option for long-term investment strategies.
IRCTC Long Idea......IRCTC looks good for reversal.
It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH.
Targets are given in chart. SL for safe traders is trendline it was taking support on.
Risk management is Priority. Need to consider broader market conditions before taking position as swing.
I am personally going to average at horizontal support if at all it comes.
NOTE : Fundamentals are good. Top line 3Y sales growth CAGR = 77% , Bottom line 3Y Profit growth CAGR = 90%. Good ROE. No peer to compare P/E as Monopoly & P/E,P/B < median
I'm personally buying it whenerver falls 5-10%.
Tata Motors on Monthly Time Frame
Tata Motors Company History:
Tata Motors is an Indian multinational automotive manufacturing company, a part of the Tata Group. The company was established in 1945 as Tata Engineering and Locomotive Co. Ltd. (TELCO) to manufacture locomotives and other engineering products. Over time, the company diversified into the manufacturing of automobiles and became one of India’s leading automotive companies.
Here’s a brief overview of the company’s history:
1945: Tata Motors was founded as Tata Engineering and Locomotive Co. Ltd. to produce locomotives and other engineering products.
1954: The company ventured into manufacturing commercial vehicles, producing its first truck.
1977: Tata Motors began the production of passenger cars.
1991: After the economic liberalization in India, Tata Motors entered the international market, exporting vehicles to various countries.
2003: The company changed its name from TELCO to Tata Motors.
2008: Tata Motors made a significant acquisition by purchasing the British luxury carmaker Jaguar Land Rover.
2009: Tata Motors launched the Tata Nano, a small, affordable car aimed at the masses, which gained significant attention.
2014 onwards: Tata Motors started focusing heavily on electric vehicles (EVs) and has been working on developing and promoting greener transportation solutions.
Nifty Intraday Analysis for 17th January 2025NSE:NIFTY
Index closed near 23310 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23300 Strike – 27.53 Lakh 23500 Strike – 26.25 Lakh
23400 Strike – 18.31 Lakh
Put Writing
23200 Strike – 26.13 Lakh
23000 Strike – 25.62 Lakh
23300 Strike – 21.74 Lakh
Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range.
Index has immediate support near 23200 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range.
Banknifty Intraday Analysis for 17th January 2025NSE:BANKNIFTY
Index closed near 49280 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 15.59 Lakh
49500 Strike – 10.73 Lakh
49000 Strike – 9.84 Lakh
Put Writing
48000 Strike – 13.74 Lakh
49000 Strike – 12.14 Lakh
48500 Strike – 8.75 Lakh
Index has resistance near 49600 – 49700 range and if index crosses and sustains above this level then may reach near 50100 – 50200 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Finnifty Intraday Analysis for 17th January 2025NSE:CNXFINANCE
Index closed near 22945 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.40 Lakh
23500 Strike – 1.26 Lakh
23600 Strike – 0.67 Lakh
Put Writing
22500 Strike – 1.17 Lakh
23000 Strike – 0.75 Lakh
23700 Strike – 0.51 Lakh
Index has resistance near 23100 - 23150 range and if index crosses and sustains above this level then may reach near 23300 - 23550 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22600 – 22550 range.
Midnifty Intraday Analysis for 17th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12220 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 5.76 Lakh
12300 Strike – 3.15 Lakh
12200 Strike – 2.38 Lakh
Put Writing
12000 Strike – 6.98 Lakh
12100 Strike – 3.14 Lakh
11200 Strike – 2.21 Lakh
Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12500 – 12550 range.
Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
Nifty Intraday Analysis for 16th January 2025NSE:NIFTY
Index closed near 23215 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23300 Strike – 148.59 Lakh 23200 Strike – 115.58 Lakh
23500 Strike – 114.98 Lakh
Put Writing
23200 Strike – 139.24 Lakh
23000 Strike – 115.46 Lakh
23100 Strike – 80.16 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 233400 - 23450 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Banknifty Intraday Analysis for 16th January 2025NSE:BANKNIFTY
Index closed near 48750 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 18.17 Lakh
49000 Strike – 13.16 Lakh
49500 Strike – 9.28 Lakh
Put Writing
48000 Strike – 13.94 Lakh
49000 Strike – 10.45 Lakh
48500 Strike – 8.52 Lakh
Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.
Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47700 - 47600 range.
Finnifty Intraday Analysis for 16th January 2025NSE:CNXFINANCE
Index closed near 22680 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.20 Lakh
22700 Strike – 0.64 Lakh
23750 Strike – 0.47 Lakh
Put Writing
22500 Strike – 0.95 Lakh
22600 Strike – 0.53 Lakh
22800 Strike – 0.48 Lakh
Index has resistance near 22900 - 22950 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range.
Index has immediate support near 22550 – 22500 range and if this support is broken then index may tank near 22400 – 22350 range.
Midnifty Intraday Analysis for 16th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12135 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 2.93 Lakh
12300 Strike – 2.81 Lakh
12200 Strike – 2.30 Lakh
Put Writing
12000 Strike – 7.95 Lakh
12100 Strike – 2.78 Lakh
11800 Strike – 2.21 Lakh
Index has immediate resistance near 12275 – 12325 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800 – 11750 range.
NIFTY - Bullish while trading in between 2 strong trendlines
STRONG SUPPORT TRENDLINE -
market has reversed from a very strong support trendline recently indicating potential upward momentum. This trendline had previously been tested 3 times & each time market went significantly upwards afterwards
STRONG RESISTANCE TRENDLINE -
market is also nearing a strong resistance trendline which had been tested earlier by forming a double bottom pattern
OVERBOUGHT INDIAVIX -
indiavix has recently become overbought indicating correction which in turn will cause the market to go upwards
SteelCast ready for Modi 3.0Steelcast is holding strong at the trendline and touching the 200 EMA. I'm going long! In my view, the steel sector will do well under the next government. To the moon we gooooo!
🚨 DYOR & SL Must, not sebi reg.
#NiftyBank #Nifty #btst #INTRADAY #StocksToWatch #GIFTNIFT #swingtrade
Nifty weekly expiry analysis for 16/01/2025For last 2 trading session nifty is consolidating in a box, while banknifty is moving 400-500 points in intraday and tomorrow is it's weekly expiry.
If the market starts trading outside the box, there is high probability of forming a trending day for the index.
Market had respected the round number support of 23k. It can either retest the support or even breach the recent low to test the support trendline.
Major levels (for intraday)
Support :- 23135, 23000
Resistance :- 23285, 23380
Wait and watch the price action for confirming the direction and intensity of the move.
Nifty Intraday Analysis for 15th January 2025NSE:NIFTY
Index closed near 23175 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 111.17 Lakh 23400 Strike – 83.77 Lakh
23200 Strike – 71.49 Lakh
Put Writing
23000 Strike – 110.89 Lakh
23200 Strike – 93.73 Lakh
23100 Strike – 52.72 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 233400 - 23450 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.