SENSEX trade ideas
SENSEXlet me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
What happened to Nifty & banknifty levels for Expiry (02-07-20)What happened to Nifty & banknifty levels for Expiry (02-07-20)
India Bombay Sensex Index Short Entry: 15:19:34 (UTC) Wed Jun 24India Bombay Sensex Index Short Entry: 15:19:34 (UTC) Wed Jun 24
sensexsensex is in uptrend , made double top and will come down to touch the rising support to continue the up trend.
Nifty & banknifty levels for tommorow Expiry (25-06-20)Nifty & banknifty levels for tommorow Expiry (25-06-20)
SENSEXSensex breakedout the rising support but was not able to break the resistance 35061.95,
Made double top pattern at 35208.17 near the resistance level 35061.95, price came down after making double top pattern to touch the support 34814.88.
Next target 34302.05
SENSEX rally finally coming to an end?See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble will go on.
SENSEXSensex is in uptrend, the rising support/ trendline is very strong & not letting price to breakout, bulls are in power wait for price to reach to the resistance level or trendline breakout in middle.
Politechnical Analysis of BSE Sensex from 2004 to 2024Starting 2004 was a New Era of the Indian Political System wherein former RBI Chief and Finance Minister Mr. Manmohan Singh was elected as the Prime Minister of India.
From there the Indian markets saw a quick growth and transformation, Sensex rocketed from 4800 levels to 21,000 level in a matter of 4 yrs.
Then came the Sub Prime crisis in US which rattled the Global Market crashing stocks market by 60-70% globally.
There on the Sensex took its time to re establish growth. The Congress Govt faced huge backlash from the country on their governance, integrity and top party leaders had to face corruption allegations against them. The markets retested the previous highs of 2008 levels of before Sub-Prime Crisis, but could never breakout. The confidence was in the market was subdued for 6 years and the market just couldn't breakout.
March 2014, was the anticipation month of a new government, new hope, and the markets took that confidence to breakout from the 2008 Pre Subprime crisis highs.
April 2014 the election fever was at high, the market were turning volatile and at the same time an indecisiveness could be felt.
Then came the result month May 2014, BJP won and the markets shot itself up. There were a little blips in between due to Global Economic factors in 2016. But the next two years, saw an acceleration. The Midcaps and Small Caps were outperforming like never before. The amazing earnings of companies kept the markets soaring high.
TRADE WAR, COVID 19 and "Aatma Nirbhar"
Jan 2018, Trump had declared a Trade War on China, the trigger for Indian markets to fall was the Feb 2018 budget. From hereon the growth was subdued, Even though in 2 year the Sensex made a high of 42,000, the growth was only 4-5% over the 2 yrs. The markets kept looking quite weak as the earnings started taking a hit in most of the sectors. The valuations were still soaring and now the markets was expecting something new and big from the Modi lead BJP Govt. Even though the Finance Minister brought some corporate tax reform, which enable the markets to touch 42,000 mark. Just as the government was to bring the $5trillion Indian dream to reality, the world is hit by a deadly Coronavirus (COVID-19). This changes everything. Never ever anyone could imagine that life would come to a standstill. It crashed the markets horribly.
The Prime Minister now takes this decision and brings about a new term that will/may change the future of India. The Aatma Nirbhar Bharat (Self Reliant India). Right now what the markets are actually doing is "Retesting the Governance of Modi BJP 2014".
When I say retesting the governance, technically, the Markets may retest the entire rally from March 2014 breakout which also is a 61.8% fibonaaci retracement level from the lows of Sub Prime crisis to the highs of 2020. If the market is confident of the Modi Govts dream project of "Aatma Nirbhar Bharat" (Self Reliant India), We could see a mirror image (backwards) of 2004 to 2014 and an astonishing swing from 21,121 to 93,000 by May 2024. This rally would be called as "Aatma Nirbhar Rally".
$Sensex Short Update 13:38:09 (UTC) Fri Jun 5, 2020Open positions for SENSEX, as I continue to look to profit from this economy being in a full-blown recession.
Long term view for BSE-SENSEXSo far market was in parabolic move until the current crash due to pandemic.
Market enter the bearish territory after small showing some upward moves, same was reflected in 2007-2008 with almost same retracement.
The red line the support line for the parabolic curve .
As the market is bearish hence the long term support will be at 21k and will have consolidation between 21k and 18k mostly.
Why i think this will happen.There are several reason behind the market bearishness few are listed below.
1) Current stimulus package of 20 lac cr. didn't surprise as definitely it help market to move up for sometime but there is no fact behind such move as per economic theories where demand and supply is disturb.
2) 2nd quarter earning will be out in July. looking at current state of lock down surely earning will not surprise market very much hence a sudden fall is expected by July 1st week.
3) Due to continuous extension of lock down it become sure the virus not going to be in control in India very such with couple of weeks which will disturb further consumption affecting demand and supply.
I will post my view once we move to the support level for further market direction.
Market can surprise anytime hence no analysis is concrete hence always alter and move with the trend.
