tradeGambler

tradeGambler

HDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices. The absence of immediate support levels suggests that the upcoming...

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Nifty and Bank Nifty took big support at 19550 and 44200. Bank nifty exactly at support level and a small upward move will make Nifty to break the next resistance at 19800. As the Nifty is on monthly expiry buying options at 19800 can give the 1x,2x returns.

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After four trading sessions, the Bank Nifty found support at the 44,400 level and concluded the day on a positive note. For the Bank Nifty to sustain this momentum, it will be essential to overcome the resistance at the 45,000 level. Failing to breach this level could lead to a retest of support at 44,400. Given the prevailing weak global cues, there is a notable...

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Reliance is currently positioned at a favorable support level within an upward trend line. The stock is presently undervalued, as its trading price remains in a similar range to that of two years ago, and it has not yet surpassed its all-time high (ATH). Based on its recent price action, there is a potential for a 10% upward movement in the next two months....

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The Bank Nifty has found strong support at the 45,000 level and is making its way toward the 46,000 range, indicating an upward trend in the Indian market. If the Bank Nifty continues to exhibit strength over the next two to three trading sessions, it could drive the Nifty index to reach new all-time highs, accompanied by increased trading volumes and solid...

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The Nifty index has found support at the 19500 level and is currently displaying a bullish trend. Based on historical price patterns, resistance levels are observed at 18850 and 20000. The recent combination of trading volume and price movement over the past three sessions suggests the possibility of the Nifty reaching its all-time highs in the next 3-4 trading...

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The current state of the market presents an interesting dynamic between the Nifty and Bank Nifty indices, as they grapple with significant resistance levels. Notably, Bank Nifty is showing relative underperformance compared to the Nifty50, raising concerns among investors. The pivotal point to watch is the crucial 45,000 level for Bank Nifty, as it holds...

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V shape formation in both Nifty and Bank Nifty with a range of 200-250 points is very interesting action to watch whereas for day/option traders its a night mare. 200 points of directional movement in two opposite directions in two trading sessions, its very hard to adjust the trades. Banks making up move and Reliance showing negative trend , we can expect the...

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ITC, One of the ICON of Indian Stock market . It's one of the stocks which is performing exceptionally well in comparison to MNC's like Reliance, TCS etc. Even after the fall of 10% from the recent highs, the stock is still on undecisive on trend. As there are no strong supports till the price levels of 370 we can expect a another 2-3 months of consolidation...

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Both Nifty and Bank Nifty are moving in opposite ways, as BN moving on upward trend line and Nifty to retest the support. If 19250 levels are going to be tested in next two trading sessions, and as Bank Nifty is in positive upward trend, buying 19450/19400 CE can give 2x,3x returns easily

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Both Nifty and Bank Nifty are at previous day's/week's support point. If these support points turn as Resistance levels then we could expect a Downward consolidation for another month. My expectation is that Nifty will be tested for 19300 level and then to start a trending line

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Airtel is in bull run but not generating huge returns. From March it has given 20% ROI and from NOV-22 it has given around 2% ROI. expecting the stock to test 850-860 and can expect to follow same bull trend for next 6 months to give a 10% returns. But if the support get broken, then we can expect a 5% drawdown

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There is a clear resistance at 43200 level, which will be critical level. Even if there is any breakout at resistance level there could be a consolidation till the 44500 level. There could be a retest at downward support level as there are two trading sessions before the expiry.

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Next 4-5 trading sessions may give the view of the market and by mid of September there will be a clear idea of market. --> Nifty support at 19260 and no immediate strong support --> Bank Nifty currently at support 43300 With these price actions, we are expecting a downward move in coming days. As the Nifty supports are weak and if the price moves 2-3% below...

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As Nifty50 price at upper trend line and Bank Nifty gave a upward move with support at 43600 next three trading session will decide whether there will be any upward move or not. 44200 level could be critical for BNifty, as it will be acting as immediate resistance and Downward trend line break level.

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Since last two weeks the bank nifty has been consolidated about 5%. with the immediate supports at 43850 and 43600 and resistance @ 44450 this week expiry will be deciding the banks movement on consolidation or breaking the trend. On any break of the immediate levels there could be huge upward or downward movement of 800 points.

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Nifty50 is in consolidation state. With strong support at 19320 -19340 the price may test the support level for this week. If the support level breaks then the market would be moving into bear market with no specific resistance level untill 18900.

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VMART with the market cap of 4300 cr, sales and operating profit of the company are moderately increasing quarter by quarter. All the Retail stocks were currently on rebound from the bottom trend line which gives a strong indicator for holding these stocks for long term. Stock is good to buy as it has upward potential of 50% returns in short term and 100% returns...