Nseindia
symmetrical triangle in Banknifty 1Hr time framebanknifty was side ways in the last week there was clear direction. let's hope the upcoming week there will be greats moves. we will wait for the break out or break down in the symmetrical triangle and a re-test. we will probably see 800 to 1200 pints move through the week in the breaking direction. keep the global sentiments in mind .
Nifty will Fall MoreNifty as broken its crutial Monthly Demand and falling we don't have any valid Support nearby the next support is at arroung 14300 to 14400 will looking for that levels. Keep your money with you that will give you better opportunity to reap huge profits with smallest amount of Risk involved. Till then every rise is a Shorting opportunity for me. Rather than trading naked in this volatile market which is very risky so get ready with your strategies. 15700 and 16000 having highest Open Intrest will also proves a hurdle not easy to break will looking to go short if reaches that level at least for this expiry. Position in SAIL and AIAENG is still on and HOLDING that positions.
NIFTY50 Perfect Analysis done and What Next.?#Nifty 50 Technical Analysis:-
Currently Nifty50 Trading around 15460 Level.
And I aware you about Big Down Move when It was $16700 Level.
Almost 1200 Points Down from Our Level.
Now..?
Still I am expecting more Down Trend and My Target is 14400 Level will be best Entry Point for Accumulations.
2004 = -35% Correction after ATH
2015 = -25% Correction after ATH
2022 = -25% Corrections expecting
Correction is Not Bad for Market, this is Very good for Long Term Growth.
And This is Also Best Buying Opportunities for Accumulate Good Stocks.
Support:- ₹14400/₹13400
Resistance:- ₹17500
Nifty Holding its PositionAs the globals are recovering Nasdaq is +ve, Singapore Nifty is also not very -ve there are two possible outcomes whether nifty bounces and breaks the Supply made yesterday or after hitting the Supply will fall back in second scenarion " I will prefer to square of my BULL PUT POSITION" not in very profitability but not in Loss or other wise hold till today's end depending upon situation. " RISK MANAGEMENT := Managing the risk is the key to survival in the market your Asset is MONEY if you run out of your Asset you will be thrown out of market and bound to go HOME believe me over the time i realises that making negligible or no Loss is more important than making Profit in every trade. If you stand on crease Runs will come sooner or Later. It is a process over the time you learn you earn you evolve. "
TATA STEEL www.tatasteel.com
India's largest steel co.
Tata group's second largest followed by tata motor ( JLR owner) and just behind leading IT giant TCS
Net Sales grown 16.56% annually and Operating profit at 51.09%
Low debt <20%, Commands high brand value
Presence pan India, Europe, South asia and only expanding.
Steel applications- Agriculture, automotive, engineering , construction, consumers goods etc
Fundamentals-
Its 2022, War is on in russia, west plays the sanction game, the world seeks for alternate players to supply.
India stands to gain.
If china moves next on taiwan, the game only accelerates for indian players, being a diplomatic ally of all with ease of trade and geographical advantage
Inflations at ath, commodities to only get expensive, oil trades on $118 on date, aiming 2008 recession levels.
READY FOR COMMODITY SUPER CYCLE ?
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Short term 1950
long term- 5 years, 5x multiple
Macro view -