Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24Nifty Short , Medium & Long Term View-01-Jan-24 to 05-Jan-24
Nifty closed at 21726 ( Prev Week Close 21349) and touched low & high of 21238 & 21800.
RSI and stochastics levels ( 78% & 95 % Respectively) . Stochastics in overbought zone after a short runup last week
Market had a little rally due to global market upward movement last week as expected and touched high of 21800 but with a small dip on the last day of last week.
On new year day market was almost flat and couldnt move beyond 21800-21850 which to be considered as resistance to market.
Fibonacci extended resistance is near to 22500 as shown in chart which is 5 % from current level. Since there is a upward movement in global market, nifty likely move up temporarily to 21800-21850 / 22000 though Market is still in overbought zone.
Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip.
Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road).
Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. But in expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario.
Q3 Results & Policy changes are need to be looked into for next year growth of Nifty.
Nifty- Short Term ( Neutral)
Resistances are at 21800-21850 , 22000 ( however no trend line, fibonacci resistance are available).
Support at 21260 ( MA 21 ) ,20000 ( Fib Resistance) , 20500 ( Fib Support) , 20225 ( prev high)
Nifty Medium Term & long Term -
Market decisively closed above 21000 last week and near to 21500
Can achieve 22500 target if close above 22000 decisively.
Support at 20225/ 20000/ 19850
Long Term
market range bound between 22500 to 18800 till elections are completed.
Niftybank
Trade the pattern either way!R: 47845-900
S: 47210-46800-46200
TF: 4 HRS
Tip: Execute the trade whenever prices are nearby to the pattern, including gap-up or gap-down openings.
The chart pattern clearly states that we are approaching the sale area. Execute the order at the opening of the market if it opens under the pattern.
Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23
Nifty closed at 21496( Prev Week close 20520) and touched low & high of 20776 & 21496.
Market touched all time high of 21000 last week and then almost to 21500 without any stoppage after a massive run post election results of 3 states and US Fed rate reduction plan, followed by global stock market run.
RSI and stochastics levels are in overbought zone ( 85% & 98 % Respectively) .
Market currently on a upward movement due to global run, clear immediate resistance for reversal are not available.
Already market grown 10% from 19500 level.
Two Fibonacci extended resistances are near to 22500 as shown in chart which is 5 % from current level.
Market can any time turn to volatile and expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May).
Feb Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra ( Railways & Road).
Banks gave good results except HDFC bank due to merger. Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. Capital Goods and other companies posted average results. But in expectation of Q3 results especially bluechip companies market may go upwards to 22500 due to the current scenario.
Q3 Results & Policy changes are need to be looked into for next year growth of Nifty.
Nifty- Short Term
Resistances are at 21750, 22000 ( however no trend line, fibonacci resistance are available)
Market is in overbought zone. Profit booking upto 30% was suggested in the last two weeks, Almost i have booked 20% profit has been booked in Equities & Mutual Funds. 75% of ulip shifted from equities to debt funds as we get free switches in ulip.
Support at 20500, 20225 ( prev high)
Nifty Medium Term & long Term -
Market decisively closed above 21000 last week and near to 21500
Can achieve 22500 target if close above 22000 decisively.
Support at 20225/ 20000/ 19850
Long Term
market range bound between 22500 to 18800 till elections are completed.
Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23
Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520.
Market touched all time high of 21000 last week after a massive run post election results of 3 states.
RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) .
Nifty- Short Term
Resistance at 21082 ( Fib Resistance 1.618) and 21170 ( Calculated diff in % from dec 22 high 18906 to Mar 23 Low 16833).
These above two resistances are critical as market in overbought zone.
Market is in overbought zone. Profit booking upto 30% was suggested in the last week, Almost i have booked 10-15% profit has been booked in Equities & Mutual Funds. 50% of ulip shifted from equities to debt funds as we get free switches in ulip.
Support at 20500, 20225 ( prev high)
Nifty Medium Term & long Term -
Market need to decisively close above 21170 to achieve 21500/22000/22500 target.
Support at 19345, 19230, 19164, 19000
Long Term
market range bound between 21170 to 18800 till elections are completed.
Comment :
Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May).
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
Q3 Results & Policy change need to be looked into for next year growth of Nifty.
Bank of Baroda 3 December 2023 (Hindi language)In Bank of Baroda, we have seen a brief history, its movement and few levels. we have marked 204 level for trade activation 196 as stop loss and 208 to 205 as target.
this trade setup is for informational and educational purpose only Please do your own research before taking any trading decision Thank you
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23
Nifty closed at 19794(19870) and touched low & high of 19671 & 19873
Last week Market was near to the resistance provided i.e 19856 level.
RSI and stochastics levels nearing the overbought zone.
Nifty- Short Term
Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color)
supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color)
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20218( prev high) & 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Support at 19228 ( Prev low).
Long Term
market range bound between 20500 to 18800 till elections are completed.
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23
Nifty closed at 9870 (19525) and touched low & high of 19413 & 19870
Market crossed the inclined resistance line provided at 19550 decisively and moving towards 19800-20000.
19528 Resistance and 19692 Fibonacci resistance provided worked well day before yday&yday.
Again if it crosses 20000 then 20500 is a big resistance as mentioned above.
RSI and stochastics levels nearing the overbought zone.
Nifty- Short Term
Resistance at 19856(Prev. High shown in red color line), 19923( Fib Resistance), 19996 (Prev High Shown in Green Color)
supports at 19528 (Fib Resistance), 19365 (Fib Resistance), 19330 ( Prev.Low shown in Green Color)
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Support at 19228 ( Prev low).
Long Term
market range bound between 20500 to 18800 till elections are completed.
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks invest in value stocks.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary.
Nifty Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23
Nifty closed at 19525(19230 )and touched low & high of 18312and 19550
"Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range"
Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550.
Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary.
RSI and stochastics levels recoverered from oversold zone in last 2 weeks.
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550.
Nifty- Short Term
Nifty need to close deicisively above 19550 and move towards 19800-20000.
Resistance at 19692 ( Fib Resistance)
Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000.
Strong Support between 18427 ( Fib 0.5 Resistance) & 18800
Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated.
Nifty Medium Term & long Term -
Market need to decisively close above 20000 to reach 20500 target.
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
below 18427 support, the next supports are at 18274/18000
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23
Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274
RSI and stochastics levels recovering from oversold zone .
Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results.
As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 18800 levels last week.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Support between 18427 ( Fib 0.5 Resistance) & 18800
Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated.
Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range.
Nifty Medium Term & long Term -
Nifty need to cross 19500 and need to break the resistance shown above to move to 19800/2000.
below 18427 support, the next supports are at 18274/18000
Resistance 20000/ 20200 ( Prev. HIgh)/ 20500
Oct 23 & NOv-23
Comment :
There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$.
Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey.
As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening).
Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path.
This also will lead to high volatality in coming weeks.
Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23
Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871.
RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide the market.
Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to below average results. As mentioned before ( past 1 month) book 30% profit in the high valued stocks and be ready with cash.
Nifty was holding the inclined trend support provided at 19400 levels last week, same support level was shared for the last three weeks.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone), retaining same as last three weeks.
Strong Support at Fib resistance at 19320/19445
Also there is a support at 19224 (Previous Low)
Resistance at 19840/19990 ( Fibonnoci resistance )
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800.
Niftybank ViewHello everyone,
As we see in last trading session Niftybank shows downward momentum loosing 500points and taking support at our marked trendline.
If it breaks the trendline,then we can expects it's initial support at 43400 level while if it begins to show upward momentum then most probability is that it will touch near 45000 Resistance level .
However, there is a huge selling in option index excluding Nifty Midcap Select because it's data closed positively. We can assume that buying activities are going in Nifty Midcap Select. Cash data was also positive depicting positive momentum.
So here we close our statement.
Have a happy trading.
NIFTYBANK WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Nifty Short, Medium and Long Term review-16-Oct-23 to 20-Oct-23Nifty Short, Medium and Long Term review-16-Oct-23 to 20-Oct-23
Nifty closed at 19751 (19655)and touched low & high of 19483 and 19871.
RSI levels 953%) slightly improved and stochastics 83% in overbought zone.
Nifty was holding the inclined trend support provided at 19400 levels last week.
Nifty in a highly volatile market due to global situation and awaiting Q2 results to take a defined path.
Nifty- Short Term (Neutral- Sideways movement with below mentioned support & resistance zone)
Strong Support at Fib resistance at 19320/19445
Also there is a support at 19224 (Previous Low)
Resistance at 19840/19990 ( Fibonnoci resistance )
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800.
Niftybank next moveGood evening everyone,
Nifty bank on a weekly chart takes resistance at 43900 level. Now, it's time for bullish if market sustains above this level then target will be 46200 which is approximately all time high. Hope it will be to the point till the end of this month October'23.
Thanks
#niftybank
BANKNIFTY ANALYSIS FOR 12TH OCT 2023-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR 12TH OCT 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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BANKNIFTY ANALYSIS FOR 11TH OCT 2023-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR 11TH OCT 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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BANKNIFTY ANALYSIS FOR 9th OCT 2023-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR 9th OCT 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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BANKNIFTY ANALYSIS FOR 5th OCT 2023-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR 5th OCT 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Nifty Short, Medium and Long Term review-03-Oct-23 to 06-Oct-23Nifty Short, Medium and Long Term review-04-Oct-23 to 06-Oct-23 (Could not post from week starting from 03-Oct-23)
Nifty closed at 19528(19674)and touched low & high of 19481 and 19766.
RSI level down from 46% to 43 & Stochastics 30% to 6% respectively.
Stochastic & RSI- Moving further moving down and getting Bottom out.
Nifty broke below Ist Support at 19600 ( Fib Resistance) last week, but holding the next short term Support provided ( Fib Resitance at 19320/19467).
Hence Maintaining the same support level & Resistance level as provided in last week.
Nifty Bank is having attractive valuation.
Buy on dip call on SBI & ICICI Bank , Axis Bank given on 13-Aug-23, Can Continue to buy for long term. Can add BOB, canara bank on dips. To watch for bottoming out of Kotak Bank, can add for long term.
Nifty- Short Term (Neutral to Bearish)
Strong Support at 19300-19600 (Fib Resitance at 19320/19467)
Also there is a support at 19224 (Previous Low)
Resistance at 19724/19840/19990
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20221 ( Prev High ) / 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800