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Nifty 50 Ready For A Rally? Medium Term Analysis + Trade Ideas ---> Is Nifty 50 (Indian Markets) Ready for a rally? Will Markets stop correcting? Has the short/medium term bottom been made in the market at 15700?
Nifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions, etc. The market has corrected nearly 16% from All-Time High and now it is looking to bounce back after touching 15700.
As the problems look to ease across the globe and as all international markets are recovering. Nifty50 has rallied from the bottom and has broken out from the trendline it has tested multiple times. This breakout is a crucial factor for the bulls to stay. This breakout can cause a rally in the near term but for the bulls to continue we need fundamental factors to be positive or at least neutral. It looks to also take out the 200 EMA which will also act as a support in the near term.
Therefore it's time to go long in Nifty. Check out my other stock ideas too.
LONG @ 16870
SL @ 16400
TARGET @ 17680
RISK REWARD RATIO -1.75:1
If This Rally Sustains, Fundamental Factors like Geopolitical tensions, Rate Hikes, crude prices, etc. Get Resolved and other resistances are taken out, we can expect 15700 to be the bottom and get ready for another bull run for the next few years. The Valuations of many stocks have also cooled down and are now fairly or undervalued.
So it is wise to deploy money into investing in good quality companies.
But any negative news or deteriorating economy or fundamentals can trigger a further crash. As for now, markets are bullish and bears might exit after a long time. Even if the markets go down by a bit. Quality Stocks will find their way back up.
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
Kindly Checkout my view on the current bull run in S&P 500 which I have attached below in related ideas.
Nifty 50 Short Term Analysis + Options Trading StrategyNifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions etc. So even though overall trend looks negative.
As the problems looks to ease across the globe. Nifty50 has rallied from the bottom and is looking to breakout. This is the only hope for bulls to stay dalal Street and the market to gain some bullishness in the near term. If not bears would be back in the market will undergo correction and continue in the overall downtrend.
Note: Views are personal, Not Responsible for P & L. DYOR before trading.
Options Strategy for a bullish Stance expecting Breakout:
-1x 17MAR2022 15500PE - ₹ 100.85
-1x 17MAR2022 17100CE - ₹ 18.25
-1x 17MAR2022 17100PE - ₹ 1010.15
-1x 17MAR2022 15500CE - ₹ 766.1
+2x 17MAR2022 15400PE - ₹ 85.1
+2x 17MAR2022 17200CE - ₹ 12.75
+1x 17MAR2022 17150CE - ₹ 25.45
Max. Profit ₹ Undefined
Max. Loss ₹ -6,285
Estimated Margin/Premium ₹ +190,428
Options Strategy for a bearish stance expecting reversal:
+1x 17MAR2022 17200CE - ₹ 62.9
+1x 17MAR2022 16700PE - ₹ 217.7
-1x 17MAR2022 17450CE - ₹ 31.6
-1x 17MAR2022 16000PE - ₹ 47.85
Max. Profit ₹ +24,942 (74.60%)
Max. Loss₹ -10,058 (-30.08%)
Max. RR Ratio 1:2.48
Estimated Margin/Premium ₹ +33,435
Yes!! Bank investment opportunity.Yes Bank consolidating,
reasons to invest
1. stocks holding this value after major devaluation.
2. value buy here since stock value is pretty close to the book value of the company.
3. New management and support from State Bank of India to overturn things.
4. earnings are getting progressively better each quarter.
thank you
this is not financial advice!
Ruchi Soya to get Patanjali flameRuchi's structure looks like a big rally coming soon might make new highs . Good luck lets see how it plays...