BPCL view for Intraday 10th Jan #BPCL
BPCL view for Intraday 10th Jan #BPCL
Resistance 285 Watching above 286 for upside movement...
Support area 278-280 Below 282 ignoring upside momentum for intraday
Watching below 278 or downside movement...
Above 282 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
X-indicator
Oil Natural Gas Corporation Ltd view for Intraday 10th Jan #ONGC
Oil Natural Gas Corporation Ltd view for Intraday 10th Jan #ONGC
Resistance 270 Watching above 271 for upside movement...
Support area 260 Below 265 ignoring upside momentum for intraday
Watching below 259 or downside movement...
Above 265 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Navin Flourine International Ltd view for Intraday 10th Jan
Navin Flourine International Ltd view for Intraday 10th Jan #NAVINFLUOR
Resistance 3850 Watching above 3855 for upside movement...
Support area 3800 Below 3800 ignoring upside momentum for intraday
Watching below 3755 or downside movement...
Above 3800 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Swiggy Ltd view for Intraday 10th Jan #SWIGGY
Swiggy Ltd view for Intraday 10th Jan #SWIGGY
Resistance 515 Watching above 517 for upside movement...
Support area 500 Below 510 ignoring upside momentum for intraday
Watching below 498 or downside movement...
Above 505 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Marico Ltd view for Intraday 10th Jan #MARICO
Marico Ltd view for Intraday 10th Jan #MARICO
Resistance 670 Watching above 672 for upside movement...
Support area 650 Below 660 ignoring upside momentum for intraday
Watching below 648 or downside movement...
Above 660 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
NIFTY | DIRT CHEAP | BUY NIFTY is trading at considerably low PE and expect to reach 24000-25000 within Feb
There's no reason why it should keep going down. Remember
Rupee is devalued , so exporting companies will report better margins ( Software, chem, agri etc)
It's been hammered to match expiry rates (I believe) and now it might shoot up anytime. Nobody when when, but as per chart patterns and technical indicators, it will be super fast and quick, giving no room to enter fresh positions
Time to buy NIFTY for a considerably safe and sure return.
I am bulk buying now, holding timeline till budget or Feb
BANKNIFTY | DIRT CHEAP | BUY Banknifty is trading at it's lowest possible valuation; few things that aided for the slide :
1. Dollar index spike
2. FII Sell off due to dicey Macro data
3. Media hype of HPMV virus
I Think there's a sharp recovery that will happen aided by:
1. Huge short cover
2. Trump assuming office
3. Dirt cheap PE
4. RBI policy to strengthen INR or reduce IR
Apparent, if we buy big pvt banks now, they will give more returns than FD for sure.
Valuation looks very attractive. Time to go big bug in this range of 49000-52000.
I will keep buying every day as long as this
My assumption is, when it starts recovering, it will be too fast and too quick to catch
nifty auto index view 10.01.2025The **Nifty Auto Index** is a stock market index on the National Stock Exchange of India (NSE) that represents the performance of the automobile sector. It includes companies from various segments of the auto industry, such as passenger cars, commercial vehicles, two-wheelers, three-wheelers, and auto components.
### **Key Details of Nifty Auto Index**:
1. **Objective**:
- The Nifty Auto Index aims to provide investors with a benchmark that reflects the performance of the Indian automotive sector.
2. **Composition**:
- The index includes **15 companies** from the automobile and auto ancillary sectors.
- These companies are selected based on their market capitalization and liquidity.
3. **Weightage**:
- The index is **market capitalization-weighted**, meaning companies with larger market caps have a more significant influence on the index's movement.
- It is reviewed semi-annually, ensuring the index reflects the current market conditions.
### **Components of Nifty Auto Index** (as of the latest review):
1. Maruti Suzuki India Ltd.
2. Tata Motors Ltd.
3. Mahindra & Mahindra Ltd.
4. Bajaj Auto Ltd.
5. Hero MotoCorp Ltd.
6. Ashok Leyland Ltd.
7. Eicher Motors Ltd.
8. TVS Motor Company Ltd.
9. Bharat Forge Ltd.
10. Bosch Ltd.
11. MRF Ltd.
12. Apollo Tyres Ltd.
13. Exide Industries Ltd.
14. Amara Raja Batteries Ltd.
15. Sona BLW Precision Forgings Ltd.
These companies cover a wide range of products, including cars, motorcycles, commercial vehicles, and auto parts.
Would you like more information on any specific component or how the index is calculated?
Today Bank Nifty View For 10.01.2025Bank Nifty, officially known as the Nifty Bank Index, is a stock market index on the National Stock Exchange of India (NSE). It is a benchmark that represents the performance of the banking sector in the Indian stock market.
The index includes the most liquid and large capitalized banking stocks listed on the NSE, providing investors and market participants with an overview of the banking industry's market performance. Bank Nifty serves as a barometer for the banking sector's health and is widely used by traders and investors to gauge market sentiment and to trade in derivative instruments like futures and options based on the index.
### 1. **Composition**:
- **Bank Nifty** consists of the most liquid and largest Indian banking stocks, both public sector banks and private sector banks. The number of constituents in the index can vary, but it typically includes 12 to 15 of the most significant banking companies listed on the NSE.
- Some of the major banks included in the index are:
- HDFC Bank
- ICICI Bank
- State Bank of India (SBI)
- Kotak Mahindra Bank
- Axis Bank
- IndusInd Bank
- And others depending on their market capitalization and liquidity.
### 2. **Weightage**:
- The index is **market capitalization-weighted**, meaning the banks with larger market caps have a more significant impact on the index's movement.
- It is rebalanced semi-annually to ensure it reflects the latest market trends and company performance.
### 3. **Purpose**:
- Bank Nifty serves as a benchmark for the banking sector, providing insights into the sector's performance.
- It helps investors and market participants analyze the overall trend in the banking sector.
- It is also used for derivatives trading, with many traders actively trading Bank Nifty futures and options due to the high volatility and liquidity of the index.
### 4. **Derivatives Trading**:
- Bank Nifty futures and options are among the most actively traded derivative instruments on the NSE.
- These instruments allow traders to speculate on or hedge against movements in the banking sector.
- They offer opportunities for both intraday and positional traders to profit from market movements.
### 5. **Calculation**:
- The index is calculated using the **free-float market capitalization method**, similar to the Nifty 50.
- This method considers only the shares readily available for trading in the market, excluding shares held by promoters or other entities with controlling interests.
Would you like to know more about how to trade Bank Nifty or its historical performance?
Nifty Trading Strategy for 10th January 2025Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 23,660
Sell Below: The low of the 15-minute candle that closes below 23,490
Targets:
Upside Targets: 23,710, 23,760, 23,808
Downside Targets: 23,450, 23,410, 23,350
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,660, aiming for targets of 23,710, 23,760, and 23,808.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,490, aiming for targets of 23,450, 23,410, and 23,350.
Stoploss: Always 50 point stop from the entry price.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Nifty 50: Breakdown in Channel with Key Support Levels AheadHello guy's i hope you all will be doing good in your life and your trading as well. Today i have brough an analysis on Nifty 50 Index as it is showing signs of weakness after a confirmed breakdown in the descending channel. This breakdown has significant implications for the short-term trend, indicating that bearish momentum could dominate unless strong support levels hold. Let’s break this down further:
Breakdown in the Channel:
The price has decisively broken below the lower boundary of the descending channel, indicating bearish sentiment.
This suggests that sellers are in control, and any recovery attempts might face strong resistance at higher levels.
Resistance Zone at 24,056.25:
The zone near 24,056.25 acts as a key resistance. This level marks the upper limit where selling pressure could resume if there’s a pullback.
Traders should watch this level closely, as a failure to break above it will reinforce the bearish outlook.
Next Immediate Support at 23,257.90:
The level 23,257.90 represents the next critical support. Buyers may attempt to defend this zone to prevent further downside.
A breach of this support could lead to an accelerated sell-off.
Lower Support at 22,158.75:
If the selling pressure continues, the price could head toward the 22,158.75 level, which is a significant area of interest.
This zone aligns with the lower projections and could act as a strong base for a potential reversal.
Volume Observation:
The volume spike during the breakdown adds weight to the bearish case. Sustained high volume on declines would confirm the continuation of the downtrend.
Bearish Projection:
Based on the price structure, a breakdown typically leads to a retest of prior support levels. In this case, the index could test levels closer to 22,158.75 if the bearish momentum persists.
The descending pattern further supports the possibility of a continuation in the downtrend.
Outcome: Traders should remain cautious as the short-term bias remains bearish. Monitoring the 23,257.90 support is crucial, as a breakdown below this level could open the door for further downside. On the flip side, any recovery attempts would need to overcome the 24,056.25 resistance zone to change the narrative.
Key Takeaways:
Watch 23,257.90 for support and 24,056.25 for resistance.
Below 23,257.90, the next target is likely 22,158.75.
A sustained move back into the channel would invalidate the bearish setup.
Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk.
Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
BANKNIFTY MTHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto Thursday of next Week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Gold Trading Strategy for 10th January 2025Gold Trading Strategy
Key Levels:
Buy Above: 2679
Sell Below: 2655
Targets:
Upside Targets: 2683, 2693, 2701
Downside Targets: 2650, 2645, 2638
Strategy Details:
Buy Signal: Enter a buy position above 2679, aiming for targets of 2683, 2693, and 2701.
Sell Signal: Enter a sell position below 2655, aiming for targets of 2650, 2645, and 2638.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
ONE CHART TO UNDERSTAND STOCK MARKETThis one chart is enough to understand the behavior of market and how to time the investment. Look at the chart NIFTY 50 Monthly time frame. Since 2005, if Nifty corrects more than 20% then it never ever visit back that correction low. This is simple analysis, but it gives powerful ideas and decent returns. I personally benefited when i follow this. I invest only after 20% correction , if I do so my investments got 100% return before next correction.
09 Jan 2025–Nifty 23557 is a point of interest, stance bearish---
Nifty Stance Bearish ⬇
I had guided for a bullish week if you had read my last weekly report. Everything looked up, as we had moved close to 766 points in the last expiry. Surprisingly, tables changed fast enough, on Friday we had a down day and then on Monday, we had an immense fall. You would not believe that the low made on Monday was 23557 and the final close of the weekly expiry is also 23557.
Over the week, Nifty fell 610pts ~ 2.53%. We are yet to retest the 23460 swing low of the last week and if that does not hold then the next point of interest would be 23357.
The change in my bias was informed via the tradingview minds and I hope those of you who had subscribed/followed for my updates would have got its email.
---
Meanwhile, I got my algos tweaked. It took me close to 2 months to reconfigure the logic for Nifty. Most of you would be aware that I had a successful BankNifty algo, but when the exchanges removed the weekly expiry - it stopped working. It took me a while to reprogram the same on Nifty as its character is totally different from BankNifty.
The daily test results will be published on "viswaram substack" and also on my X handle. The idea is simple, I have 2 directional algos
Bear Day
Bull Day
All I have to do is run the correct one. The profits and losses are limited, so it is a safe algo setup. If I get the direction wrong, I will have to settle the losses, whereas if my direction is right - it will mint money.
The algos have a strange discretionary entry criterion "which direction to run". All I can disclose right now is that, even if nifty does the ultra volatility move (just like the meme coin), my algo will handle it.
VISAKAIN: Prepared for a 20% RallyThe chart of VISAKA provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions
"Bearish or Bullish? NIFTY 50's Next Big Move Explained!📊 Chart Analysis: NIFTY 50
🔥 Key Levels of Interest
👉 Support Zone (23,200–23,500): Strong demand area with historical buying interest.
👉 Resistance Levels:
Immediate: 24,200–24,400 (significant selling pressure).
Major: 25,550 (bullish breakout potential).
📉 Trendline & Moving Averages
👉 Trendline: Downward-sloping, indicating bearish sentiment unless breached.
👉 50-Day SMA: Price below this short-term indicator, signaling weakness.
👉 200-Day SMA: Price below this long-term indicator, confirming bearish momentum.
📊 Candlestick & Volume Analysis
👉 Candlesticks: Long lower wicks suggest buyer interest near support but weak follow-through.
👉 Volume: Low volume indicates consolidation; a breakout or breakdown could increase participation.
📈 Indicators
👉 RSI: Likely near oversold levels, hinting at a potential bounce.
👉 SuperTrend: Currently bearish, reinforcing selling pressure.
📰 Current News Impacting the Market
🌍 US Federal Reserve's Rate Hike Decision:
Recent commentary suggests maintaining elevated interest rates in 2025, causing foreign outflows from emerging markets like India.
🛢 Crude Oil Prices Drop:
Positive for India, reducing inflationary pressures and improving fiscal dynamics.
💹 Strong Q3 Earnings:
Major Indian IT and banking firms reported better-than-expected Q3 earnings, boosting investor confidence in specific sectors.
⚔️ Geopolitical Developments:
Ongoing Middle East conflict has led to increased volatility in global markets, with investors adopting a cautious approach.
📅 Union Budget Expectations:
Speculation around pro-growth measures, including incentives for manufacturing and infrastructure, has sparked optimism.
💰 FII/FDI Inflows:
Renewed interest from foreign institutional investors in technology and energy sectors has provided short-term support.
🦠 Emergence of HMPV Virus Concerns:
Reports about the Human Metapneumovirus (HMPV) spread have created caution in healthcare and pharmaceutical sectors. While not yet causing widespread economic impact, it is being monitored closely for potential disruptions to global supply chains and market sentiment.
📈 Scenarios for Traders
👉 Bullish Scenario (Above 24,400):
Targets: 25,550 and higher with strong volume.
Stop Loss: Below 24,000.
👉 Bearish Scenario (Below 23,200):
Targets: 22,500 and lower.
Stop Loss: Above 23,600.
👉 Neutral Range (23,200–24,400):
Consolidation likely, favoring short-term trades within the range.
📘 NIFTY 50 Overview
💼 About:
India’s benchmark stock market index representing the top 50 NSE-listed companies across 13 sectors.
📊 Historical Growth:
Launched in 1996 with a base value of 1,000.
Reflects India's economic progress through blue-chip companies.
📈 Key Drivers:
Economic Expansion: Supported by GDP growth and reforms (e.g., GST, Make in India).
Foreign Investments: High-growth emerging market status attracts FII/FDI.
Sectoral Growth: IT, banking, and FMCG as major contributors.
🌟 Influencing Factors
📊 Economic: GDP growth, inflation, and interest rates.
🌍 Global Events: Fed policies, geopolitical tensions, and commodity prices.
📅 Domestic: Earnings reports, budget announcements, and rupee movements.
📋 Actionable Strategies
📈 Bullish:
Entry: Above 24,400 with strong volume.
Target: 25,550+.
Stop Loss: Below 24,000.
📉 Bearish:
Entry: Below 23,200 with confirmation.
Target: 22,500 or lower.
Stop Loss: Above 23,600.
📢 Disclaimer:
This analysis is for educational purposes only. Consult a certified financial advisor before investing.
💡 Prepared by: Hiren Soni, a Financial Engineer 🚀
Nifty 50 index, 15-min timeframe.📊 Technical Analysis
👉 Chart Overview
• Nifty 50, 15-min timeframe.
• Double bottom pattern, MACD, and RSI.
✨ Key Features
• Double Bottom: Near 23,496.15, breakout target 23,727.50.
• Bullish Divergence: On MACD and RSI.
• Trendline Breakout: Signals bullish shift.
📈 Indicators
• MACD: Rising, showing momentum.
• RSI: Recovered to 33.05 from oversold.
• Volume: Rising on green candles.
🔑 Key Levels
• Support: 23,496.15
• Resistance: 23,727.50, 24,226.70
🧠 Summary
Bullish breakout setup with confirmed divergences and volume support.
💡 Strategy
1. Buy: Retest near 23,557.20.
o Targets: 23,727.50 and 24,226.70.
o Stop-loss: Below 23,496.15.
2. Sell: Only if price drops below 23,496.15.
🏁 Conclusion
Likely bullish continuation. 🚀