Last Session: 🟡 #Nifty Fut traded in narrow range of 17820-17935. Lack of participation before weekend. Expansion will give direction. 🔴 #BankNifty faced resistance near 38112.75. Bullish trades can be initiated once it clears this headroom resistance. 🔴 FII's were net seller of 1000cr. DII's also sold 515 cr equities. Monthly expiry; lets wait for more data...
#Nifty Fut 17520/16618/16697/16741-17885/17907/17947/17985 RDX Trend & Momentum Score - 75M(5*)/1D(7*)/1W(7*) #Bullish #BankNifty 37060/37330/37466/37594-37956/38116/38225/38330 RDX Trend & Momentum Score - 75M(5*)/1D(6*)/1W(6*) #Bullish 🟣 All levels to be considered upon 5/15M candle closing basis #TradePlan #PreOpenUpdate #IndexFutLevels #23SEP2021
🟢 DXY looking all set for a #CupAndHolder breakout. Unconfirmed. 🟢 Head room resistance near 93.47. If taken out can scale higher.
Previous Session: 🟢 #Nifty Fut traded within the narrow range of 17530-17618. Narrow range breakout can give fresh direction to market. 🟢 #BankNifty took support near 36985It can move higher with support from the global cues. A #Short covering candidate. Technicals: 🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(73.03), W(78.34),...
Previous Session: 🟢 #Nifty took support near VPOC and sharply recovered and closed near day high paring the early morning losses. 🟢 #BankNifty took support near VPOC and 36588 polarity level and sharply recovered 2% closing near the day high. 🟢 #Nifty made a #VSABreakOut candle on daily charts. #RSIStairs regained 55+ levels in 75M charts with bullishness 🟢...
🔴 Bearish MA crossover in 75M TF with InvertedHammer candle formation 🔴 #Nifty closed below VPOC 17404 (VPFR of trending move 16300-17800) 🔴 Lost early morning gains after a strong opening and trading near PDL. 🔴 #RSIStairs trend turned bearish. Somehow managed to close above 40. Will keep SL = 17525 on hourly closing basis and trade with bear spreads.
Previous Session: 🔴 #Nifty down 2.75% from their highs with very good rising volume. #Nifty COI reduced indicating it was #Long unwinding. 🔴 #BankNifty made IceLand reversal pattern from its ATH and closed near the day low. Next VPOC support is near 36700. Technicals: 🟡 Momentum indicators RSIStairs cooled off a bit from their highs in Nifty D(66.0), W(73.33),...
🟢 Very high volume breakout & then pullback/profit booking 🟢 ExideInd BO retest done near the 50% retracement levels 🟢 Doji formation near demand zone indicating indecisiveness. 🟢 178-182 is a very good demand zone and may take support 🟢 A good EV play and recent stake sell will add cash flow 🟢 A rerating candidate and stock has potential to move high 🟢 Stock...
🔴 Stock formed a rounding top formation in daily scale with resistance around 1500. 🔴 Stock noticed price volume breakdown with daily volume 150% of SMA25 average 🔴 Stock closed below the volume profile POC of 1423 and value area low of 1396 🔴 On weekly it formed bearish EveningStar pattern & stock closed below 2 week low. 🔴 Can extend weakness if trades and...
Previous Session: 🔴 #Nifty fell 200 points from #Intraday high with 180% of 25 SMA avg volume. This indicates supply near the 17800 levels. 🔴 #BankNifty rose to ATH of 38226 and fell nearly 750 points. But it pared the losses by sharp recovery towards the end. 🟢 FII were net buyers with 3600+ cr of directional buying in cash & index futures. This would try to keep...
🔴 Stock made box or double top kind of formation in 75M around monthly pivot R2 3385. 🔴 Stock made price volume breakdown candle with volume surge of 135% of SMA25 🔴 Once stock trades and sustains below 3285 it can move towards the demand zone. 🟢 Multiple volume profiles created from AnchorSupport levels indicate stock has strong support near 2971/3025 🟢 Stock...
Volume Profile Analysis 🟢 Considering current trending move of 15509-17800 POC lies at 17378 where two strong price volume breakout candles were seen. So that looks like the first support at the moment. 🟢 First value area low placed at 17228 below which #Long unwinding pressure may be seen. 🔴 Breakdown below 17212 it can open gates till 16754-16181 which is next...
🟡 #BankNifty finally tests ATH after #Long period of under performance. Finally both indices closed at ATH yesterday. 🟡 #Nifty enjoying longest rally 7511-17644=10133.4(134%, 77 Bars) from the Mar20 lows without making an 10% correction. 🟡 Previous such rally was seen in AUG2013-MAY2015 when #Nifty rallied 5118-9119(78%, 79 Bars) without 10%...
#Nifty Fut 17264/17301/17378/17440 - 17565/17594/17654/17705 TradersVenue RDX Trend Score- 75M(5*)/1D(5*)/1W(5*) #Bullish #BankNifty 36311/36508/36621/36854 - 37065/37167/37242/37400 TradersVenue RDX Trend Score- 75M(4*)/1D(5*)/1W(5*) #Bullish #TradePlan #PreOpenUpdate #IndexFutLevels #16SEP2021 Data: 🟡 Highest OI on CE side at 17500. #Short covering above...
#Nifty Fut 17157/17212/17264/17301 - 17413/17465/17495/17542 TradersVenue RDX Trend Score- 75M(2*)/1D(5*)/1W(5*) #Bullish #BankNifty 36125/36275/36406/36505 - 36862/36953/37065/37249 TradersVenue RDX Trend Score- 75M(2*)/1D(2*)/1W(5*) #Bullish #Positional TradePlan 🟡 No #Long in #Nifty till breaks out above 17475 on HCB 🟡 No #Positional #Short trade till it...
🟢 BankNifty Fut after breakout sustaining above headroom resistance of 36300 🟢 Momentum indicators are bullish with RSI broken out above 60 & ADX rising. 🟢 As #Long as 36278 is defended on day closing basis it can breakout on upside. 🔴 BankNifty getting supply around 37075 levels. Once taken out ATH is most likely. 🔴 Once it breaks 36275 with volume then view...
#Nifty Technical view: 🟡 #Nifty notices volatility contraction with NR7-IB & NR-21 formation on daily scale 🟡 #Nifty notices a DojiStar candlestick pattern on weekly charts with NR-21 formation 🟡 Current rally is longest with 364 days 9852 (129%) points gain without any correction. 🟡 Last time #Nifty had noticed 79 week rally in 2013-2015 without 15% plus...
Zeel took support near multiyear demand zone of 164-172 and bouncing. A good #LongTerm investment candidate for a target of 261/365. 🔴 TradersVenue momentum score of -2 * bearish in D/W/M TF. This is big negative for stock. 🟢 RSI Indicating a trend reversal. Stock took support near multiyear demand zone of 164-172 🟢 TrendRider given buy signal on daily TF....