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Nifty100

SAIL-DAILY/WEEKLY/MONTHLY-BreakoutNSE:SAIL Stock is near verge of breakout 90-91 level. It has formed a rounding bottom near support levels. As per the weekly chart it is creating higher lows from past few weeks. Currently there is a inside candle formed in weekly timeframe. However, it needs 3 more days to get confirmed how it will appear. I still believe that the stock is bullish above 87-86 levels. If it goes for retest, it will be good opportunity to accumulate some qty around 88.50. We can keep SL around 85, it has potential to go upside T- 100, T2- 110. This is only for educational purpose, please manage your risk accordingly.
NSE:SAILLong
by Rushikesh_09
VEDL-HOURLY/DAILY-AT SUPPORT LEVELSNSE:VEDL Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level. Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL. SL 273-274 , Target would be as per the risk reward. This is only for educational purpose, please manage your risk accordingly.
NSE:VEDLLong
by Rushikesh_09
MARICO- Daily/Hourly Timeframe-Bearish patternStock is looking weak in daily time frame. From past few days it’s not able to cross it’s previous swing in daily time frame. It’s at crucial level 520-523. It has bounced multiple times from this lvl. However, if this lvl breaks on 30th June it will be good opportunity to go short. Please make sure there should be a bearish price action in 5/15minute time frame for intraday trades. This is only for educational purpose, please manage your risk accordingly.
NSE:MARICOShort
by Rushikesh_09
COLPAL- Weekly/Monthly Timeframe-Channel BreakoutNSE:COLPAL COLPAL is looking bullish in weekly/monthly time frame. Last month there was a rejection from the top. However, it did not receive follow up for bearish momentum. Instead, stock has took support on last month’s closing levels 1590-1600. This is the good opportunity to go long if monthly/weekly candle closes near 1700-1710. We may see a big upside momentum in upcoming months. SL: 1580-1585. This idea is only for educational purpose, please manage your risk accordingly.
NSE:COLPALLong
by Rushikesh_09
Large-Caps vs Small-Caps Signal Weak Risk AppetiteWe're outlining "Five Bull Market Barometers" that we're using to help answer the question of whether we're in a new bull market. One of them is the Nifty 100/Nifty Small-Cap 100. Since most stocks in India peaked back in January 2018, this ratio has been steadily rising…showing real risk aversion among market participants, not risk appetite. Institutions that need to be long stocks are hiding out in “safer” Large-Cap stocks as opposed to dipping their toes into “riskier” Small-Cap stocks that are down, in many cases, more than 50% from their highs. If they believed a new bull market was coming, wouldn’t they be picking up these stocks at major discounts? We need to see money flowing into Small-Cap stocks, creating a broad-based rally. Given this ratio is currently sitting at all-time highs, it continues to suggest market participants are not believing that the recent rally in stocks is anything more than a counter-trend rally within a bear market.
NSE:CNX100
by AllstarchartsINDIA
Nifty Pharma's Outperformance On PauseIn November the Nifty Pharma / Nifty 100 ratio met our downside objective as momentum diverged positively, sparking a massive 6-month period of outperformance from the Pharma sector. We've ridden this trend since it started, but prices are now back at the ratios 2014 lows and beginning to fail. What acted as support is now resistance...and following the massive run prices have had, this is a very logical level for prices to pull back and digest their recent gains. As long as prices are below their recent highs, then we'd expect the Pharma sector to underperform in the near-term. Long-term the trend in this ratio is clearly higher, but for now, we want to be taking profits as money rotates into other areas of the market that haven't run as much...like Nifty Financial Services. You can view our other ideas discussing this topic linked below.
NSE:CNXPHARMA
by AllstarchartsINDIA