Vasu_devan

Vasu_devan Updated 

NSE:NIFTY Has some support at 17760. Hopes it will reverse from there

Vasu_devan

1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price...

Vasu_devan

NSE:NIFTY What a setup in Nifty !!! and that dropping volume... Keep watching.

Vasu_devan Updated 

NSE:BANKNIFTY Just sit out for the moment. Monetary policy will by out in couple of hours. Then this chart will be interesting

Vasu_devan

Do you know this ? If price breaks out from a channel and then subsequently moved back in to the channel and now if it again breaks down from the channel the fall will be almost equal to previous break down.

Vasu_devan Updated 

NSE:BANKNIFTY Intraday trade level. offering good Risk Reward ratio

Vasu_devan

NSE:HDFCBANK Forming weekly VCP pattern. Price action shows strength. One must include this in watch list

Vasu_devan

NSE:NIFTY Nifty intraday levels for tomorrow. Marked in the below chart.

Vasu_devan

NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260. If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone...

Vasu_devan Updated 

NSE:NIFTY How will it play out this intraday. whats your take ?

Vasu_devan Updated 

NSE:BANKNIFTY It will be a good idea to sit out( NO TRADE) during the phase of price visiting in the region of 41700 to 42000 If price pulls back to 41100 - 41200 and gets support it will be good region to go long since it offers good risk reward In that case SL should be 40950 and can look for a target of 41500

Vasu_devan

NSE:BANKNIFTY Meanwhile NSE:BANKNIFTY is developing a fantastic VCP pattern with average volume dropping. KEEP IN RADAR

Vasu_devan

NSE:NIFTY Nifty weekly time frame. Just a probability if the present sentiments continues

02:57

Vasu_devan

NSE:NIFTY NSE:INDIAVIX Draw important support / resistance levels in India VIX chart (daily time frame, use line or area chart). For trading use one hour or 30 minutes time frame. Trade when there is Break down or Break out of VIX at support resistance level

Vasu_devan

NSE:CNXAUTO Relative strength compared to Nifty 50 - NIFT Auto clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while Auto is on uptrend. Now look for stocks which have better chart pattern than NIFTY Auto. These are going to perform better once NIFTY 50 turn positive. Some examples. 1) NSE:M_M 2) NSE:MAHINDCIE 3) NSE:APOLLOTYRE...

Vasu_devan

Sector Leader : NSE:CNXIT Relative strength compared to Nifty 50 - NIFT IT clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while IT is on uptrend. Now look for stocks which have better chart pattern than NIFTY IT. Some examples. These are going to perform better once NIFTY 50 turn positive 1) NSE:PERSISTENT 2) NSE:KPITTECH 3)...

Vasu_devan Updated 

Nifty consolidation at present level for the past many session.

Vasu_devan

NSE:NIFTY NSE:CNXIT All sectors out performing Nifty. Only IT drags and Nifty is underperforming. That is the weightage IT has got in the index.