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EID PARRY - Good BUY at 175 to 180-185EID PARRY - Good BUY at 175 to 180-185 levels for a immediate target of 220 But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years. Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its impulsive UP move Price exhaustion seen at 1.686 Fib level which indicates a small correction as of now and price 200 seems to be a important psychological barrier to break after which the price might go up
BSE:EIDPARRYLong
by FOREXPREM
BANKNIFTY,1W (Log) Rising WedgeThis rising wedge of NSE:BANKNIFTY in LOG scale starts from 2008 and is active even today on October of 2019. The scale of this chart pattern is now more than 10 years which is massive in terms of time and this can only increase the significance of the chart pattern. As you can see from the chart the bottom support line has never been broken on a closing basis. I am not forecasting any trade here, but the break of this wedge to the bottom will definitely not support the current bullishness in the Indian market after the Corporate tax cuts. I will update this if and once we break any of the two lines. Follow us on Twitter
NSE:BANKNIFTY
by vinaysraj
In market there are no coincidences & insider trading is rampantReliance Chronology of Insider Trading August 07, 2019 Wednesday: On it made its low and closed around 1110, August 08, 2019 Thursday: Reliance Gains 4% (13M vol) ~1500Cr @ median price of day August 09, 2019 Friday: Reliance Gains ~1% (10M vol) ~1100Cr @ median price of day August 10, 2019 Saturday: Market Remain Closed August 11, 2019 Sunday: Market Remain Closed August 12, 2019, Monday (Bakarid Holiday): RIL Annual General Meeting was held | Market Remain Closed Bakarid Holiday www.timesnownews.com Highlights of AGM can be seen at Reliance AGM 2019 Key Announcements | The Quint www.youtube.com www.financialexpress.com August 13, 2019 Tuesday: Markets open with a gap of 6% and the stock gains ~10% in a day (47Millon volume in a day) total ~70M Volume in 3 trading days making it about 8,400cr Buying volume. August 14, 2019 Wednesday : ~1.5% Down with same (13-14M vol) ~1800Cr @1294 median price of day August 15, 2019 Thursday: National Holiday August 16, 2019 Friday: ~1.5% Down with same (10M vol) ~1280Cr @1285 median price of day So who ever had the insider information gained about ~500cr in 4 trading days or a week August 17, 2019 Saturday: Market Remain Closed August 18, 2019 Sunday: Market Remain Closed == Media Hears the News === Aug 19, 2019 | Source: PTI RIL shares have gained ground since the announcement of a host of investor-friendly proposals at its annual general meeting held early last week. www.moneycontrol.com I am starting to believe that in market there are no coincidences & insider trading is rampant Well i can be wrong who am i a nobody.
NSE:RELIANCE
by jatingera
Indian Stock Market Outlook for 2018 The two-year bull run of Indian stock market since March 2016 is due for a breather. Sensex touched a new all-time high of 36443 on January 29, 2018, ushering new euphoria amongst people. Markets do not go straight up or down, they do so in steps. We are expecting a step-down 2018 for 90% of Indian equities. And we do not expect the new highs to be taken out for the better half of 2019.The reason for a bearish outlook for Indian markets for us is purely technical. We do not try to link fundamentals with our reason so as to appease the economists. What this means for an average investor is to either sit on cash or be very stock specific. Following the broader markets – it’s going to be very hard to generate a positive return on investment this year. How deep the correction is going to be will become clearer when the market makes a few lower lows and lower highs. We, on this blog, are trying to bring you information and ideas to create wealth amidst all odds. Our investment philosophy is to be in the know of events unfolding that lead to changes either positive or negative – come out as a winner, regardless. Keep coming back to this blog to know what we have our eyes on. We will give you plenty of stock ideas so as to make your year a fruitful one.
NSE:NIFTYShort
by UnknownUnicorn2595495
4
Time to move up?NIFTY moved down in the fourth wave and bounced up from the red line as expected (see below). It appears to have now completed the fourth wave. NIFTY could move up in the fifth wave (magenta) in October, which could take NIFTY up to 12200-12300. However, if NIFTY crossed the red line and confirmed it as resistance then this wave count will be invalid and further downside would be expected. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk. Previous analysis indicating a downward trend in NIFTY:
NSE:NIFTYLong
by ndau
NIFTY50 at a very Decisive AreaHello Traders, I wish you all a happy Sunday and I hope you are enjoying the weekend so far Today, we will have a look at the Nifty Index from India and the USDINR. First of all let me explain to you why I use the Indian currency rupee to forecast the possible move in the Nifty. That is a so called intermarket relation. First of all, we need to understand that Intermarket analysis is simply the relationship between the 4 major asset classes: • Currencies: Currency trends define the direction of capital market flows in their currency areas. • Bonds: Bond trends define the direction of interest rates. • Commodities: Commodity trends can give us a clue about the current inflation trends. • Equities: The development of the stock market is a leading indicator of economic development. Which measures the health of an economy. So in this analysis, we are looking at the currency market (USDINR) vs the Equity market (NIFTY50). In the chart above you can see the correlations coefficient on the bottom of the chart. We can clearly identify that the currency market (USDINR) has an inverse correlation to its respective equity market (NIFTY). To make long story short. When the Indian currency USDINR goes lower the Nifty index goes higher and vice versa. (Blue arrows USDINR goes lower where at the same time the NIFTY goes higher) that is a ideal correlation. Obviously, we need to understand that the correlation between USDINR and NIFTY is not 100%. Which basically means, that there are times where correlation divergence happens. A correlations divergence is when both markets run inline to each other, which means when the USDINR goes up the NIFTY also goes up or remains sideways. That is a correlations divergence. I marked it in the charts (yellow areas) both markets move in the same direction. You can also see in the correlations coefficient indicator, the peaks. This correlation divergence occurred the last time in late January 2018. What does that mean you may ask now? Well, the natural correlation is inverse to each other, which means that at some point the correlation divergence will get back to its mean. Which means after a correlations divergence it will inline again with its natural negative correlation. As we had several times in the past. Have a look at the peaks in the indicator followed by reversion to its mean in the past. I am also expecting in the next couple of weeks to get back to its natural correlations. Technical Analysis: Now, let’s have a look at the technicals. You can see in the first chart the USDINR, confirming an inverse head and shoulders pattern. You can see how nicely it broke the neckline and rallied very impulse to the upside. The target remains at around 67.34 which is the projected 100% extension from the head of the pattern. Due to the correlations divergence, where the USDINR rallied and the nifty also rallied, I am looking now at a reversion of the correlation. That means that when USDINR goes to the target of the pattern at around 67.34 the NIFTY Index should turn lower from the 50% retracement at around 10609 for a pullback at least. As NIFTY is at a very decisive area where a pullback can happen. That nicely coincides with the correlations divergence going to its mean. In other words. When USDINR rally in the early next week NIFTY should turn lower from its important technical level. Let's see how it plays out. I hope you enjoyed this analysis. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view
NSE:NIFTYShort
by TradeFxTrends
10