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NIFTY (Strategy)Hi Everyone, We are in a great period of time with great momentum and bullishness in the market, one of the fastest recoveries in history from the dip. The momentum seems to be really good but there comes the catch. The stretch we are currently seeing is filled by strategies laid out by the Government/RBI, not because of real GDP growth. One of the Important points we have to note is the current NIFTY PE Ratio is standing at 36.73 (To be frank, we have never seen such a high PE ratio in the last 10-20 years). We are at a critical stage, that NIFTY 50 companies need to generate at least double their profits to reduce the PE ratio between 20-25. Will this happen quickly? Anyone can answer this question. My point here is: The current chart shows we are at a critical point. We may go higher/lower depending on the below points, we still have some bullish catalyst for the markets to go higher: New stimulus package approval before Christmas by Biden. We also have a bearish catalyst for the markets to go lower, Biden to introduce Higher corporate tax rates and Higher Long term capital gains tax. But please be aware anyone having long positions, have the below strategies until the market gives a clear view: 1. Trim the positions 2. Keep tight stop loss 3. Buy Nifty Puts with risk management (for Ex: if your portfolio is 1 lac - keep 10% for buying put options this can help you protect your portfolio in downfall) Having good trading strategy is very important, so please keep a close eye on NIFTY Thanks! Disclaimer: This is just my view and not trading advice
NSE:NIFTY
by skiranp
1
Bajaj Finance - OutlookHi Traders, Bajaj finance is still in a downtrend as per the higher timeframes. This stock has pulled back to a major resistance zone. The price can continue to go further down from these levels. If the price breaks the trendline marked in the chart which will indicate that the price will be heading down. The key levels to watch are marked with red lines in the chart, these levels can react with the price. Now if price breaks the key resistance zone to the upside, a break above 3590.85 indicates a start of an uptrend. For queries pls comment below. Happy trading.....
NSE:BAJFINANCE
by Hari_krishnan_S_Kumar
2
Bajaj Finance - Complete Breakdown Of ChartHi Traders, As we analyse the daily chart, price is in an uptrend because it is trading above the 50SMA. The key levels are at 3518 (Green) , 3606.60 (Yellow) and the golden zone between 3446.35 - 3374.70 respectively. We can see that price has found support at the golden zone and has tested our resistance level at 3518. Since price found support at the golden zone, breaking of the recent high(3749.85) is unlikely. So we can conclude that this stock is in its exhaustion stage and the present uptrend will end soon. If the price close below 3272.75 (Red), this marks the end of current uptrend. Now we will look into the hourly chart for short term opportunities. The hourly chart is below the 50 SMA indicating a downtrend but since the higher timeframe is showing uptrend, it is advisable to take buy positions. Short term buys can be done if it breaks the hourly trendline and must be cautious when price tests the above mentioned key levels. Intraday trades can be planned based on price action at the above mentioned levels. Note:- This analysis can be used for short term and medium term analysis. We need to breakdown the weekly chart for long term investments. If u have any suggestion on which counter u need an analysis, please comment below. Pls like and follow for more. Happy Trading............
NSE:BAJFINANCE
by Hari_krishnan_S_Kumar
9