CNXFINANCE trade ideas
Daily market analysis for tomorrow 10th julyDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques.
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only.
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NIFTY FIN SER ANALYSISTrack nifty financial services sector closely. RSI is showing strength and want to go in the overbought zone I think. FIIs have infused in financial sector recently. If this moves above the supply zone marked on the chart with a closing weekly candle, Go long for the best financial services shares as large companies are the greatest contributers to the index.
Disclaimer:- I am not a SEBI Reg. Analyst. Do your own research and analysis before investing or trading.
FINNIFTY DirectionFINNifty CMP = 19447, Midterm Trend is Bullish, where Momentum is Down, also Midterm Volatility is shrinking. So, FINNifty is Range bound or some down move is expected.
FINNifty broke down the Up Trendline also a minor break below last week low.
Sell below 19372,
Target = 18980 and 18800
Stop Loss = 19485