rrgiyer

rrgiyer

Bata India Has given round bottom pattern and has broken out. CMP is 1581 My plan will be to buy above 1606 for 1661 and then 1741. Sl will be @ 1552. This is my out look and is not an invite to trade. Added to watchlist please use your own experience and logic before entering the trade

rrgiyer

Adding suryoday to my watch list buy above 135 sl @130. target 158/172

rrgiyer

Nifty is on correction path on a uptrend for the last 2 trading sessions. from the last low of 16828 in march 23, the 1st phase of rally was till 17842 ( rally of about 1000 points) we saw a pull back there after till 17553 (about 300 points). if we plot fib retracement then this form about the 0.618 level of the rally. the next phase of rally was from 17553 to...

rrgiyer

The stock is at a zone from which it has got multiple rejections in past. if the stock gives closure above 3910 on daily time frame, buy with sl at 3825 for targets 4085/4310. closure above 3910 can be considered as range break out. wait for retest to enter. R/R seems favourable Added to my watchlist

rrgiyer

Although nifty gave a sharp down turn on closing hours yesterday, but managed to close above 18390 levels , which should act as support. the Global cues are +ve . Hence a gap up opening bear yesterdays high is expected and 18450 should be a resistance level. If nifty managed to break 18450 on 15 min candle, then it could reach 18556. 18550-56 is critical levels...

rrgiyer

Gail is at resistance levels from which it has taken multiple rejections and is again approaching the level of 112 with volume increase. it is also creating a cup and handle pattern at these levels and can also be considered a range break out above 113. if results are good (result date 18/5/23) and stock manages to close above 114, then target will be 123 and...

rrgiyer

Expecting a gap down opening. 18250 could be the 1st support zone. if getting a bounce at 18250 level, go long with sl of 18245 for targets of 18300/341/400/442 if break down below 18250 of gapdown below 18250, wat for retest at 18250 before taking put side trade for targets of 18200/168/100/18069. This is my pre market analysis dairy and not a recommendation to trade

rrgiyer

Ema in bullish cross over. broken trend line resistance with volume. buy above horizontal resistance level. R/R looks fav 1:3. Adding to my watch list. Note. This is my journal and not trading recommendation to any one.

rrgiyer

This is my premarket journal for 3/5/23 Nifty had a gap up opening as expected but then moved sideways and did not fall as expected today. For tomorrow (3/5/23), all global cues/indices are in -ve. If fed hikes rate, we will see a gap down opening around 18075-18090 and range is expected to be 18150 on upper side and 18000 on lower side for Wednesday If rate...

rrgiyer Updated 

My pre market journal for bank nifty on 2/5/23. bank nifty might see opening near 43500 levels. expected range 43500-43000. ideal scenerio will be short around 43500 with sl 43530 for targets of 43400/43300/43200 long above 43550 with sl 43500 for target of 43600/43700/43800

rrgiyer Updated 

my premarket journal for 2/5/23 Market likely to open gap up around 18150 and likely to see resistance around that level and pull back expected till 18000. There is huge Put writing at 18000 level and gapup opening might trigger sell off leading to fall in nifty. ideal scenario will be going short at 18150-160 levels with sl at 18175 for targets of...

rrgiyer

My premarket analysis for expiry day trade on fin nifty though fin nifty is in bullish mood, basis OI data, small lot of 19200 PE /19100 CE can be taken as expiry is likely to be around or below 19050. (mostly in hero zero mode).

rrgiyer

MY PRE MARKET JOURNAL FOR 24/4/23 expecting a flatish opening to the session. LOWER BAND 41800 UPPER BAND 42500 short below 42000 for targets up to 41800 long above 42200 for targets 42354/42500

rrgiyer

Below is my view on nifty for the coming week (28/4/23) On closure 15min chart is on support at 50SMA and 1day chart is on levels @ 200 SMA. Although the strong support of17580-85 was broken intraday, bulls managed to claw back and hang in for a flat closure. 17700 has huge Call OI and hence is unlikely to break above this expiry. the action will be mostly...

rrgiyer

my BN set up journal doe 21/4/23 as expected weekly expiry around 42300(42369). BN is forming a triangle pattern. support area around 42200 (15 min 50 MA) and trend line. Buy above 42350 with SL of 42300 for targets of 42450/500/600 sell below 42100 with SL of 42150 for targets of 42000/41900 Either way wait for break of trend line and support on 15 min...

rrgiyer

My premarket journal for 21/4/23 As expected expiry happened around 17600-650 (17624). the insider candle still holds on daily time frame and nifty forms a descending triangle. 17580 still hold as strong support. The day closure has taken support 50 SMA on 15min time frame. Expecting a flat to small gap up opening on 21/4/23 (17600-650 range) wait for bound...

rrgiyer

MY BN pre market view for expiry day 20/4/23 42000 is strong support level. expiry trade range likely to be 41700-42600 as per OI data with expiry expected around 42300. my trade setup: expecting GAP -Up opening around 42220 and rejection to 42100 levels before moving up. long position at about 42120 with sl at 42050 for target of 42200/42300/42350. short...

rrgiyer

My pre market journal for expiry day 20/4/23. Gap up opening likely around 17650. since the insider candle setup is not broken, the markets may still be range bound. also going by the OI data expiry day closure should be in range of 17600-17650 with trading range in 17450-17750. 17580-85 has been a strong support with the levels being tested on 3 consecutive days...