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Indianmarket

CHANCES FOR NIFTY TO FALL ?Only an illustration of market considering a long term in monthly chart. The big question is will history tend to repeat itself?. The analysis shown here is just a view on the market considering the theory behind the market and also taking into account about the 100ema as well as possible retracements. This is why the market needs to be approached by a completely neutral position. React accordingly, catch the big bull if markets collapse to similar levels
NSE:NIFTY
by ASHIKTRADEBOX
Nifty - Confirmation of Downtrend, Where to enter the short?1. Looking at open interest 18000 still has maximum call writing with additions to 17900 and 17800 levels, On the lower levels only significant put writing is at 17500 level 2. PCR is 0.9 suggesting Bearish market 3. Max pain at 17800 levels 4. Any kind of support was at 50 ema levels on the daily chart 5. FII - Futures -2000 cr, cash -4000 cr sell, DII 700 cr net buyers 6. US 10 year bond yield at 1.834 +0.007 +0.40%, which has come down from 1.897 7. News: The Fed is widely expected to tighten monetary policy at a much faster pace than expected a month ago to curb continually high inflation. 8. UK inflation figures were up 0.5% m.o.m could pressure bank of england to raise interest rates. 9. Nifty formed Three black crows today confirming the reverse of the bull trend. Three black crows can sometimes mean market is oversold and could consolidate, however RSI(14) is at 50.49. 10. Selling volumes are stronger than purchase volumes which does confirm strength of a sell. There might be a slight upside tomorrow after three days of selling but the overall trend is still bearish. But the big question is what levels should one short at? To me it seems a little unclear at the moment, completely depends on price action tomorrow. However long upside especially before the budget is highly highly unlikely. Market may go to 17900 levels which would be a good place to short but at this point just wait for price action to confirm the entry point. I Will update when I enter the trade. However, US Dollar seems strong, look at my analysis chart that I have linked with this post to find positions to enter in USD-INR. It seems a better trade looking at the bond yield numbers.
NSE:NIFTY
by amitach
Nifty still in a downtrend butMy Analysis of Nifty Looking at the Open interest data 18000 has a very strong resistance with very new call writers at 18000, 18050, 18100,18200, 18300 levels. PCR is 0.5 suggesting that its oversold Max Pain at 18000 Support shown at 17923(100 day moving average on hourly charts) PCR and support suggest that the market might open in the green tomorrow, however, trend continues to be downtrend so data suggests it may remain remain flat tomorrow, upside seems very difficult. Also, FII were net sellers with -2704.77 crores and DII were also net sellers: -195.07 which suggests weakness Will be looking for opportunities to Sell calls on uptick. Short with caution I do expect the closing to be around 17900-18050 Disclaimer: Please trade based on your own analysis and protect your capital
NSE:NIFTYShort
by amitach
LTI LONG BUY - IT boomingOut of the 10 stocks in NSE:CNXIT index , NSE:LTI has 5.94% weightage. The stock is at a good support level and also in a trendline support, following from July 2021. As IT sector started booming again , as per my view, We may see this stock hit 8000 in near weeks. IT sector view : looks bullish for next couple of weeks The trade seems in a good reward to risk ratio (~ 3.98) Trade Details: Entry: 7150 or below Stop Loss : 6950 Target: 8000 Duration : 3-4 weeks As this stock has a earning release today, we may see a gap up on today. Stay Safe, Happy Investing:)
LLong
by Rajat_the_HERO
Indian market: Kill zoneThere is a killzone in this. What this means is that it's an optimal zone to take a controlled loss. Errrh.. that's called a 'stop loss'. That means there are losses involved. Shorting markets is well known to be more dangerous than going long in markets. This is not advice to short. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
I
by Captain_Walker