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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
3 Indian IPOs To Watch In 2022India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech companies are currently experiencing a boom, with Paytm (NSE: PAYTM) and Zomato (NSE: ZOMATO) going public in 2021 and producing some of the country’s largest IPOs to date. While opportunities can be found outside India’s stock exchanges, I want to explore these regulated markets and upcoming IPOs in this article. India’s stock exchanges India is home to eight stock markets with its listed companies worth a combined US $3.46 trillion. To put this into perspective, UK listed companies are worth a total of US $3.59 trillion, less than US $100 billion more than the former British colony. By 2024, Indian listed companies are projected to surpass the value of UK companies’ value and hit approximately US $5.00 trillion. Hosting these companies are the countries well-known exchanges, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and the Multi-Commodity Exchange (MCX) 3 Indian IPOs to watch in 2022 Snapdeal IPO Snapdeal is an Indian e-commerce platform catering to the country’s growing middle class, similar to the US’s Amazon.com (NASDAQ: AMZN) or China’s Alibaba (HKG: 9988). The Company is said to be ready to file preliminary documents signalling its intent to IPO next year at a valuation of approximately US $1.50 billion. Snapdeal is currently backed by Japan’s Softbank (TYO: 9984) and China’s Alibaba Group, which are expected to continue to hold significant stakes after the Company’s IPO. Data Patterns (India) IPO Data Patterns has developed a vast array of electronic systems for the defence and aerospace sectors for the past 35 years. The Company filed to IPO with regulators in September 2021, expecting to raise ₹700 crores, or US $100 million, to help it repay debt and aid expansion. The funds will assist Data Patterns to deliver on its order book, which has grown by 40.7% over the past four years. Data Patterns is seeking a valuation of US $340 million when it goes public. However, no official date has been scheduled for its IPO. MapMyIndia IPO The digital mapping company, headquartered in Delhi, MapMyIndia, develops mapping technology used by some of the world’s largest companies. The Company has received approval (as of the last week of November) from the country’s financial authority to go public. MapMyIndia is perhaps the highest-profile Company on this list, with business relationships with US tech giants Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Uber Technologies (NYSE: UBER), among others. MapMyIndia is seeking a valuation of US $825 million when it IPOs, which it could do before the end of the year. The Company has expressed that the funds will, in part, be used to lift its marketing, helping it compete with the likes of Google (NASDAQ: GOOGL) and Dutch-based TomTom (AMS: TOM2).
NSE:ZOMATO
by BlackBull_Markets
Greate opportunity in Tata steels.So here is the 1 day chart of Tata Steel ,as you all can see it creates a head and shoulders pattern and give a breakdown, now it is coming back for retest. So in this case we have two opportunities 1- if it breakout the neckline and crosses it the next target would be 1470 which is its previous shoulder and if it even breakout shoulder the next Target is 1530 which is head. 2- the second possibility is that if it can't cross the neckline and reverse back than this is the sign of selling pressure and for this scenario we have target of 1250. From my observation there are higher chances of downtrend,but we have to aware of both opportunities 🙏🏿 Thanks and regards Ankit Mathela Keep trading 🔥
NSE:TATASTEEL
by mathelaindia05
BANKNIFTY levels, RBI likely to Announce Repo Rate tomorrowWelcome to BANKNIFTY Futures and options and optionchain data analysis for friday... 🛑 RBI will likely to announce Repo and interest Repo rates tomorrow morning at 10AM, due this major event volatility will likely toincreases, ◽ Right now every traders eye is on RBI ◽ Banknifty weekly pivot is at 37500 ◽And monthly pivot is at 37300, 🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages 🎯 Key levels to watch out for day trader 🛑 Major resistance zone for BankNifty is at 38050-38100 ( if see the option chain data on call 38000 CE strike holding more number for short position which will act as strong resistance area to bank Nifty ) ◽ If market breakout resistance then we can see Target of 38300 ◽ Whenever until breakout that resistance level don't trade ◽ Stop loss will be 37950 ◽If gap down or slight gap up happens then 37900 will be resistance zone 🛑 Major support level for BankNifty ◽ Support level for nifty lies at 37550-37460 ◽ Whenever until breakdown this level don't take a trade ◽ if Market successfully breakdown this level then we can take a trade ◽ And we can see the Target 1 will be 37300 ◽STOP loss will be 37550 🛑 levels for banknifty futures will be also same ◽Go long on banknifty Futures if it breakout the resistance ie . 38050-38100 ◽ Don't short the market until below the 37500 Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade If you like it do follow for more have a nice day 😊
NSE:BANKNIFTY
by agasthya_d
8
NIFTY levels n RBI will announce Repo rates by Tomorrow morning Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ...................... 🛑 RBI will likely to announce Repo and interest Repo rates due this volatility will likely increases, every traders eye is on RBI ◽Every trader eye is on RBI ◽ Weekly pivot point 17650 ◽ Monthly pivot point 17450 ( Explained briefly Below I hope that you will like it do follow for more ) 🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity 🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17900-17950 ◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance) ◽ Stop loss for this level is 17850 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17715-17670 ◽ If breakdown happens we can see the 1st Target of 17570-17550 ◽ stop loss ie .17770 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout our resistance 18000 ◽ Don't short the market until below the 17660 ◽In between range is indecisive If you like it do follow for more have a nice day 😊
NSE:NIFTY
by agasthya_d