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Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24Nifty Short, Medium & Long Term view 1Jul-24 to Jul-24 Nifty closed at 23010 (23501) and touched low & high of 23351-24170 Post Election and govt formation market sustained above k5ey resistance at for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (68.5 % & 90% Respectively). Stochastic still in overbought levels. Retain the statement for almost a month, Market need to cross 24150 as two trend line resistance ( Shown in the Chart), one with low risk can book partial profit and can wait for market to correct to reinvest. Market depends on the new budget and Q1 results expected in Jul 24. Market have high potential to touch Psychological 25000 Mark. Nifty 24010- Short term (Neutral ) Nifty have resistance at 24280/ support around 22600. Nifty at PE 22.9 crossed 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24280 ( Trendline and % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line) medium term Support - 22000 Long Term Nifty have strong resistance at 25000 ( Trend Line). If market close above 24150 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 52342 (51661)- As proposed from 47250 level nifty bank jumped more than 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 36157 (35086), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
Moderna - Correction Almost Done!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 MRNA has been overall bullish , trading above the trendline marked in blue. Currently, MRNA is undergoing a correction phase in the shape of a falling channel. Moreover, it is retesting massive support zone in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support. 📚 As per my trading style: As #MRNA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:MRNALong
by TheSignalyst
xauusd first buy and sell targets for monday marketthe last week our prediction of xauusd become 100% true, for monday we are posting a simple buy and sell target. more detailed analysis will be followed. buystop ; entry 2322 tp2332 sl better to hedge sell stop entry 2320 tp 2312 sl better to hedge The US Dollar emerged as the clear winner on Friday, buoyed by a robust performance in the latest S&P Global PMI data. In contrast, Gold prices tumbled after the data signaled continued resilience in the US economy, dampening expectations for aggressive interest rate cuts by the Federal Reserve. The Markit PMI data, a key gauge of business activity, surprised analysts across the board. The composite PMI for June clocked in at a healthy 54.6, exceeding expectations of 53.5 and remaining steady compared to the previous month's reading of 54.5. This broad-based strength suggests the US economy is likely on track for a solid second-quarter performance. Manufacturing Resilience: The manufacturing PMI also impressed, rising to a three-month high of 51.7. This figure surpassed forecasts of 51.0 and the prior reading of 51.3, indicating continued expansion in the sector despite ongoing global supply chain challenges. Booming Services: The services sector, which accounts for a larger share of the US economy, delivered an even stronger performance. The S&P Global Services PMI for June surged to a 26-month high of 55.1, exceeding expectations of 53.7 and the previous month's reading of 54.8. This robust expansion reflects healthy consumer spending and business investment, underpinning optimism for continued economic growth. Gold Feels the Heat: The robust PMI data sent shockwaves through the Gold market. Investors, anticipating a dovish pivot from the Fed due to potential economic slowdown, had flocked to the safe-haven asset in recent months. However, the PMI results suggest that the Fed may hold off on aggressive rate cuts, dampening the appeal of Gold. Spot Gold prices plunged after the data release, falling by over 1% in a single day and slipping below the crucial $2,330 mark.
OANDA:XAUUSD
by realmillionairefx
BTCUSDThe cryptocurrency market capitalization has increased by 1.2% to $2.56 trillion. Bitcoin's gain contrasts sharply with the declines seen in altcoins. Ethereum rose by 1.3%. The main upward momentum occurred during the Asian morning session. As of this writing, Bitcoin's price appears to have moved away from extremes. Nonetheless, the latest momentum indicates that bears still dominate the cryptocurrency market. Bitcoin earlier fell to $64,041, the lowest level since May 15. Bitcoin has been on a downward trend for the past 12 days, significantly breaking below the 50-day SMA and the 76.4% Fibonacci retracement level of the January to March gains. Due to a shift in market sentiment, the crypto market has suffered significant losses over the past two weeks; however, it has not relinquished key support levels, showing signs of being undervalued. The Market Value to Realized Value (MVRV) indicator over a 30-day period indicates bullish signs for these assets. on technical side Bitcoin's price has dropped from around $67,300 to the support level of $64,041, forming a bullish "inverse head-and-shoulders" pattern. The observed uptrend today has broken through the channel's midline and the "neckline" of the aforementioned pattern. Therefore, from a technical analysis perspective, it can be reasonably argued that bulls are taking control by leveraging support levels. The RSI and oscillators support the rebound. The lower low formed on June 18 was not reflected in higher highs during the same period. This development, known as bullish divergence, typically leads to a trend reversal or short-term rebound. If the bulls are active and the overall outlook for the cryptocurrency market is optimistic, Bitcoin's price could increase by 6% to the previous resistance level of $71,280. In a negative scenario, a decline from current levels below the previous point of $64,041 poses further downside risks. Like us for more such updates. Boost us to help reach more people.
BITSTAMP:BTCUSDLong
by realmillionairefx
Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24Nifty Short, Medium & Long Term view 24-Jun-24 to 28-Jun-24 Nifty closed at 23501 (23465) and touched low & high of 23417 & 23660 Post Election and govt formation market sustained above key resistance at 23250-23300 for two weeks after a dip to 21286. RSI and stochastics levels was marginally down last week (60 % & 91% Respectively). Stochastic still in overbought levels. Retain the statement for third week, Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23501- Short term (Neutral ) Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.3 near to 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000/24100 ( Trendline) medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted average results other than Bank & Finance stocks which posted Good results thats why it is evident Nifty Bank have grown better than Nifty, Nifty IT and Nifty Auto in last 2 months. Nifty bank 51955 (50000)- As proposed from 47250 level nifty bank jumped near to 10%. Caution to be emphasised as nifty bank reached critical resistance. It need to cross and move up decisively this current zone. Slowly Can consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank ,ICICI Bank, HDFC Bank, SBI ( Buy on dip) and Indus Ind Bank ( Buy on dip). Following Finance Stocks can be added as it posted good results are Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Coforge & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 35200 (34598), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
Never bet against America - But it is time for a correction!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. It is true that the legend Warren Buffett says: "Never bet against America" But it is time for a correction in my opinion. I find the daily chart for US500 to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST 1️⃣ => Non-Horizontal Resistance US500 has been overall bullish from a long-term perspective, trading within the rising channel in orange and currently hovering around the upper bound / orange trendline acting as a non-horizontal resistance. 2️⃣ => Overbought From a medium-term perspective, US500 has been trading inside the rising channel in red, and it is currently hovering around its upper bound / red trendline acting as an over-bought zone. 3️⃣ => Round Number Moreover, the $5,500 is a massive round number. Thus, as long as the $5,500 mark holds, I expect a bearish correction towards the lower bound of the red channel. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CAPITALCOM:US500
by TheSignalyst
3
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal. SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN? See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including, 2348 2355 2366 2376 2388 2396. 2421. so eventually this zone can now considered as a pivotal point for the upcoming market movement. In the alternative scenario what will happen if xauusd again retraces from 2332 area? it will be falling to the support area as follows< 2312 2306 2295 2282 2282 2267 2240 Both the bearish and bullish speculations have 50:50 chance. like boost and follow us for more market related updates and news
OANDA:XAUUSD
by realmillionairefx
Nifty Short, Medium, Long Term 18-Jun-24 to 21-Jun-24Nifty closed at 23465 (23293) and touched low & high of 23221 & 23484 Post Election and govt formation market sustained above key resistance at 23250-23300 for another week after the last week dip to 21286. RSI and stochastics levels was up from last week (61.5 % & 98.88% Respectively). Stochastic in overbought levels. Market need to cross 23900-24100 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23290- Short term (Up ) Nifty might move up and It may touch 23900. Nifty still have resistance / support around 22600. Nifty at PE 22.32 near to 3 year historical average 22.5 hence to be cautious. Short term support 22600( trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000 medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 50000 (49803)- As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 34598 (35218), indices broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks.
NSE:NIFTY
by karthikss
Market Makers in Crypto: Who Controls the Cryptocurrency Market?Functions of Market Makers Market makers perform several essential functions in the cryptocurrency market, including: Providing Liquidity: They ensure there is enough liquidity between buyers and sellers to maintain active market participation. Providing Quotes: They offer bid and ask prices at any given time, facilitating trades between market participants. Risk Management: Market makers manage trading risks and maintain a balanced risk-return ratio to protect their interests and those of their clients. Providing Advice: They supply market information and analysis to assist clients in making informed trading decisions. Improving Market Efficiency: By reducing the spread between buyers and sellers, market makers enhance overall market efficiency. Market makers in the crypto industry operate similarly to traditional market makers. They provide market liquidity, execute buy and sell orders instantly, and earn profits from the spreads between these orders. However, due to the relatively unregulated nature of the cryptocurrency market, there is no stringent code of conduct for market makers, and the technical demands for ensuring transaction security are higher. Market makers follow a simple principle: "buy low, sell high." This approach requires handling large volumes of transactions, sometimes up to tens of thousands per second. They use advanced algorithmic programs to monitor numerous parameters and recalculate forecast prices multiple times per second, thus providing market liquidity without incurring losses. Despite this, even sophisticated trading algorithms can falter due to rapid trade speeds or incorrect price predictions. During periods of high volatility, market makers might incur losses while trying to stabilize the market. Therefore, a stable or slightly fluctuating market is ideal for them, while days with significant price movements can lead to substantial losses. In essence, while regular market participants react to past events, market makers anticipate future market movements to set optimal buy and sell prices and determine order volumes. Cryptocurrency exchanges and market makers often collaborate closely. Some exchanges maintain their own market-making teams, while others partner with third-party market makers. This cooperation can take two forms: Direct Cooperation with Crypto Exchanges: Exchanges offer special programs for market makers, providing personalized trading terminals. Through APIs, exchanges share order book information and market depth with market makers, facilitating pricing and matchmaking. Indirect Cooperation with Crypto Exchanges: Market makers provide over-the-counter (OTC) market-making services through intermediaries or platforms. Market makers are crucial but not mandatory for liquidity provision on crypto exchanges. They must negotiate terms such as commission distribution and trading volumes with exchanges to ensure profitable and smooth cooperation. Additionally, they must adhere to exchange rules and external regulations to ensure legal compliance. From a trading mechanism perspective, market makers with internal exchange connections play a significant role in price determination, which can help prevent price manipulation to some extent. Their presence enhances exchange liquidity, improving user experience and loyalty, and making the exchange more profitable. Consequently, exchanges often offer discounts to market makers for their activities. ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
The Massive Potential of June's BULL-RUNNow that all of the speculations are pointing to the approval of the Ethereum ETFs , along with the positive CPI reports this week, it's safe to assume that we're about to break out of the current accumulation period. After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH! - STAGE ONE: MAKING A NEW HIGHER HIGH In case you haven't noticed, on the 4th of this May, we have already broken out of the downtrend that lasted since the first day of April. However, we haven't made any higher high yet, so the bearish structure is technically still valid. Thanks to a whole bunch of good news and won rounds for crypto in the regulatory and judicial war, starting with RIPPLE surviving court and -hopefully- ending with the Ethereum ETFs approval, a break of the bearish structure seems inevitable to me, leading to a surge towards the 700B milestone. This is going to significantly refresh the alt-coins market, making up for April's harsh losses. - STAGE TWO: SELLING THE ETHEREUM ETF NEWS Now that things are looking greenish for the bulls, it's time for the exchanges to make money too. A minor correction and a retest of the 700B level would be reasonable, liquidating a ton of long positions, reigniting the trauma of the resistance that ended the February - March Mini bull-run and shaking more and more hands. And of course, there's the excuse of 'selling the news' for the exchanges to use before liquidating the crypto Futures market. I expect the traditional Alt-coins (ETH, XRP, ADA, etc..) and AI coins to perform extremely well at this stage. - STAGE THREE: THE JUNE BULL-RUN May wasn't as tough as we had expected, right? Well, this cycle is just getting started surprising us. As June approaches, Alts should see positivity due to the impact of the adoption of Ethereum. And of course, the largest piece of that green cake will be handed to the holders of any Alts related to Ethereum. We should see AI coins continuing their dazzling performance, promising projects related to RWA and Solana's competitors performing really well at this stage. I expect this stage to end when Ethereum makes its new ATH and as July approaches, then we should see Bitcoin taking back the lead and making its REAL ATH. Because.. you know.. 73K wasn't a real ATH (whispers). In my opinion, this scenario can be invalidated in two cases .. First case is if the Ethereum ETFs get disapproved. Second case is if we somehow revisit the current cycle bottom (highlighted on the chart). So that was it! My humble advice? - DO NOT use leverage, you don't need to challenge the exchanges and risk your capital. Enjoy a happy and calm June by buying your favorite coins on the Spot market. - DO NOT hold your alts for too long after Ethereum makes its new ATH. Bitcoin has to take back the lead and make its way to a new ATH. Don't worry, you will get many new opportunities during Bitcoin's bull-run. Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
CRYPTOCAP:TOTAL3Long
by OmarsMess
4
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap. this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday. if this momentum continues it will be a fall for xauusd. more clear cut analysis will be posted soon . but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments. LIKE BOOST FOLLOW US
ICEUS:DXYLong
by realmillionairefx
Nifty Short, Medium, Long Term 10-Jun-24 to 14-Jun-24Nifty Short, Medium, Long Term 10-Jun-24 to 14-Jun-24 Nifty closed at 23280 (22530 ) and touched low & high of 23382 & 21287 Different result than exit poll caused panic and market saw biggest drop after Covid in 2020. Nifty hold inside the Trendline Support and Resistance as shown in the graph. As predicted market was highly volatile. But recovered after the fall and now near all time high It may move past 24000 or can go even upto 21000. depends on budget, 100 days plan govt going to propose. RSI and stochastics levels was up from last week (59 % & 95% Respectively). Stochastic in overbought levels. Market need to cross 24000 as two trend line resistance ( Shown in the Chart between 23900 and 24100), if not can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 23290- Short term (Up ) Nifty might move up and It may touch 24000. nifty still have resistance / support around 22819 (Fibonacci extended resistance target) again and crossed resistance decisively. Nifty at PE 22.2 near to historical average, hence to be cautious. Short term support 22590( MA 21 days and trendline), 22200 ( Trend Line) and 21700 Trend line Support as shown in the chart. Medium term resistance 24000 medium term Support - 21300 Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Nifty also have resistance at 25000 ( Trend Line). If market close above 24000 decisively. All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 49803 (48666)- As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT 35218(32420) broke the Major support at 33350 and went down upto 32420. Tech stocks revived in last two trading session. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 35786 ( Fib) to reach 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. every dip of individual stocks (2-5% of portfolio on each purchase for long term)As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed the resistance decisively and touched 23000. Nifty PE 22.2 below the 3 year Historical Average of 22.5.
NSE:NIFTY
by karthikss
XAUUSD recent updatexauusd is moving so deep down after various FED talks Gold slumps amid strong US Dollar, high US Treasury yields Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official. our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday. above 2344 its a buy like share subscribe
OANDA:XAUUSD
by realmillionairefx
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders. Key takeaways: Using limit orders is generally considered one of the safest ways to buy or sell a security. Modern technology allows placing buy and sell orders with a few mouse clicks. A stop-loss and stop-limit orders are used to protect an investor’s capital. A trailing stop locks in some of the accrued profits. Quick trade orders get instantly filled by a single or double click on a bid or ask button. Limit order A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security. Quick-trade order Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price. Market order When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders. Good ‘Til Canceled order (GTC) This type of order remains active until it is filled or canceled. Stop-loss and stop-limit orders A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation. Trailing stop order A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:ETHUSDEducation
by Tradersweekly
2
Bitcoin faces resistance: A battle for All-Time HighsCurrently, Bitcoin is facing several resistances prior to its attempt to reach all-time highs (ATH). A correction has started from the first resistance level, which could lead its price down to $63,000. It won’t be easy to break through its ATH because there’s a significant amount of money waiting at those resistance levels, ready to exit. Therefore, Bitcoin needs a catalyst to provide the strength to surpass these resistances and enter into a bull run.
CRYPTO:BTCUSD
by CryptoCoBit
EVERY Possible Scenario for ETH in 2024As we can all observe, ETH is doing pretty bad against BTC. And I mean neck-deep-up-sh*t-creek-with-its-mouth-wide-open kinda bad LOL. People are starting to worry and get flashbacks of the December 2020 dip of ETH against BTC. The current situation is the price retesting a historic golden FIBONACCI level (61.8%) that's about 3 years old. This level is crucial because it's formed by the last cycle's bull-run surge. Let's explore the possible and impossible, or rather unlikely, scenarios. FIRST SCENARIO: Ethereum ETFs get approved. This obviously is what we all wish for, not only ETH investors and fans, but everyone who cares about the Alt-coins market. I expect a huge surge from our golden FIBO level if this scenario occurs. SECOND SCENARIO: Ethereum ETFs get disapproved. In this case, it would be reasonable for the price to decline and retest the bottom of an even more historic symmetrical triangle structure that's as old as ETH. The price should bounce from there as Ethereum recovers from the bad news and retry surpassing the golden FIBO level. THIRD SCENARIO: Ethereum is doomed. This is a very unlikely scenario , but let's humor it anyway. What if ETH fails to retest the bottom of the symmetrical triangle structure that's been containing its price action since millennia? Well, I don't expect this to happen unless ETH fails to recover from the bad news and turns out to be a huge SCAM coin. The biggest scam coin in the history of crypto. Sorry if this was too intrusive and scary. I just think it's reasonable to always consider the worst as we consider the best outcome possible. The GREAT news is all of the speculations are pointing to the approval of the Ethereum ETFs , I personally expect the approval next week, so I'm ruling out anything but the BEST possible scenario for ETH this cycle! Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
by OmarsMess
2
Nifty Short, Medium, Long Term 28-May-24 to 31-May-24Nifty Short, Medium, Long Term 28-May-24 to 31-May-24 Nifty closed at 22932 (22466) and touched low & high of 22409 & 23022 RSI and stochastics levels was up from last week (66 % & 86% Respectively). Stochastic in over bought levels (>90%) on 26-May-24 and started reducing on 27-May-24 Anticipation in Political results lifted the market as exit poll started coming. As mentioned in the past 1.5 month, Post govt budget, current govt proposed 100 days plan will lead the market in coming days. Investment decision is mixed as market will be highly volatile due to the above factors. Hence those people have high risk can sell partial stocks and book profit, those have more money to invest can wait for small dips to invest. As far as my opinion, if market touching 24000 can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 22932- Short & medium term (Neutral ) nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed resistance decisively. Nifty at PE 21.5 below the Historical Average of 22.5 Short term support 22300-22400 Short Term Resistance : 23150 ( Trend Line as shown in chart) Medium term Support - 22160 ( Trend Line) and 20830 Fib Support as shown in the chart. Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 49456 (48199) - As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quantities till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed the resistance decisively and touched 23000. Nifty at PE 21.8 below the 3 year Historical Average of 22.5.. Short term support 22312 (MA 50)- Nifty last week had a pause between 2220-22300/ 22050 ( Trend Line Support as shown) /21800 Medium term Support - 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 48199(47421) - Nifty bank tested trend line support 47000 last week and later part of the week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quantities till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)
NSE:NIFTY
by karthikss
XAUUSD ANALYSIS OF THE DAYXAUUSD has seen a big fall in last two days from a upper level of 2450 to 2328 almost 1220 pips and there is no rational reason for this fall instead lot of looming geopolitical us market related financial revelations are moving market. currently we see a few up trends from two layer entry level : 2329 entry level 2 : 2312 major tp and resistance points 2344 2363 2376 2383 2397 pivot 2365 trade with care ✔️✔️✔️like share follow us for more such market related trends and updates
OANDA:XAUUSDLong
by realmillionairefx