A Clear Breakout on HDFC AMC ChartHere you can witness a clear breakout of the Trendline in Blue Color and Resistance Level in Red Color, Which means this share is ready to enter in up-trend now. One can consider this share for a good return in the Long Term period. But for a short period, my defined targets are as below:
Entry above - Rs 2000
1st Target - Rs 2200
2nd Target - Rs 2300
Long-Term Target - Rs 3000
Stoploss (Which needs to maintained) - Rs 1961
Note: Please discuss with your advisor before taking any trade as per my analysis.
Niftyprediction
NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23650
Previous Day Low - 23430
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 19/06/2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23500
Previous Day Low - 23370
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY - An interim correction in the finalk moveThe market is facing an interim correction from today's high (as we can infer the pattern completion in Hourly charts (11-3-&7). It will fall to the areas through the supports as mentioned below,
The support will be as follows 23318,23157 & 23,035 (strong)~22960.
Apart from these, the coincidental areas can be found between trendlines & retracement as projected in the chart
NIFTY INTRADAY LEVELS FOR 18/06/2024BUY ABOVE - 23500
SL - 23430
TARGETS - 23600,23700,23800
SELL BELOW - 23370
SL - 23430
TARGETS - 23300,23230,23150
NO TRADE ZONE - 23370 to 23500
Previous Day High - 23500
Previous Day Low - 23370
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
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.
NIFTY INTRADAY LEVELS FOR 14 JUNE 2024BUY ABOVE - 23400
SL - 23370
TARGETS - 23500,23600,23700
SELL BELOW - 23370
SL - 23440
TARGETS - 23300,23230,23150
NO TRADE ZONE - 23370 to 23440
Previous Day High - 23500
Previous Day Low - 23370
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13 JUNE 2024BUY ABOVE - 23400
SL - 23370
TARGETS - 23500,23600,23700
SELL BELOW - 23300
SL - 23370
TARGETS - 23230,23150,23080
NO TRADE ZONE - 23300 to 23440
Previous Day High - 23440
Previous Day Low - 23300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
23350 not giving up!!22350 is being protected on daily close basis. For how long will this status quo hold is the big question. Perhaps will hold till Expiry and then there could be a directional move. Big time build up in 23400 calls for this week and puts for next week. So Market could stay below the radar tomorrow and fly after that.
NIFTY INTRADAY LEVELS FOR 12 JUNE 2024BUY ABOVE - 23300
SL - 23230
TARGETS - 23410,23500,23600
SELL BELOW - 23230
SL - 23300
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23230 to 23300
Previous Day High - 23410
Previous Day Low - 23230
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 23300
SL - 23230
TARGETS - 23410,23500,23600
SELL BELOW - 23230
SL - 23300
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23230 to 23300
Previous Day High - 23410
Previous Day Low - 23230
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 10 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23420,23500,23600
SELL BELOW - 23170
SL - 23270
TARGETS - 23080,23000,22900
NO TRADE ZONE - 23170 to 23340
Previous Day High - 23340
Previous Day Low - 22800
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NiftyYou are not going to believe when Nifty actually plays out like this. Today as we approach election results, this is how I see nifty unfolding for next 2 months.
Long Play
Nifty CMP - 22547.95
Target 23047 SL 22416
Short Play
Entry - 23047.50 SL 23080 Target 21850
Long Play
Entry 21826 SL 21820.90 Target New All time high. My over all target on higher side is 25245.
Zomato: Your order is ready?Here are things you should know:
- 14 months of pure sideways consolidation
- Clearly defined support and resistance
- 6 Week consolidation at the resistance zone makes the resistance weak
- Volumes have died out. That usually happens when the price consolidates
- Investing in such companies is a matter of trust and confidence in the company and its management. It may take a while for such innovative companies to generate wealth with long-term holdings.
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
Nifty Spot Levels - Run Upto Election OutcomeNifty in past 7-10 trading sessions...
trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts).
But as we are awaiting Election Results...
Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be carried out as an ongoing process without any hitch and taking Indian Economy to near $5 trillion.
Markets are supreme...
So have marked important Trading levels...
Happy Trading,,,