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Stock Shiksha

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Catégories: Entreprise
Langue: Français
Abonnés: 784
Description de la chaîne

We are not SEBI registered investment advisors. Whatever we share here, has sole purpose of knowledge sharing. Profit and loss is subject to market risk and trader himself has to bear the risk.

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Les derniers messages

2022-08-02 06:39:54
Support-36800-36900
Resistance- 38000

Banknifty is at crucial resistance level. Closing above 38000 will trigger stop loss of sell side trade. Due to US- China tension over Taiwan, banknifty is expected to open with small gap down. PCR is at 1.26 and RSI is at 76. Both data show banknifty is also overbought and there will pause. Buying level is around 36800-36900 zone. On higher side selling looks good with stop loss above 38000.
34 views03:39
Ouvert / Commentaire
2022-08-02 06:26:22
Support- 16800
Resistance- 17400

China-US relation is at risk over US house speaker's visit to Taiwan. This is why Volatility index has risen globally by 5-6%. The risk is for 1-2 days only. Crude price has again tumbled ahead of OPEC+ meeting. Manufacturing data for many countries released yesterday which is showing there is slowdown but India's GST collection and factory output came stronger.

Technically, 16800 is support which is far away because Nifty has rallied almost 1000 points within 4 days. There is no stop in between and hence finding support is difficult. There are many gaps too. RSI is around 75. PCR is at 1.49 and FIIS position is at 67%. These all are saying Nifty is in overbought zone. So my stand will be again sell on higher level with stop loss above 17400.
42 views03:26
Ouvert / Commentaire
2022-08-01 06:38:12
Support- 36800-36900
Resistance- 38000

Bank nifty also overbought at this level and I won't prefer to buy at higher level. Most probably banknifty is going to consolidate between given support resistance levels. Buy near support and sell near resistance should be the strategy
58 views03:38
Ouvert / Commentaire
2022-08-01 06:17:06
Support- 16800
Resistance- 17400

This week RBI MPC meeting will be held and RBI is expected to raise interest rate by 30-40 basis points. But market participants will be watching what comments comes from RBI Governor. Crude and other commodities are again trading higher after correction in dollar. OPEC+ meeting will be held on 3rd Aug.

On technical chart, gaps are continuously have been formed which is not giving comfort to buy at higher level. RSI is also above 70. PCR is at 1.36 and FIIs position in index is at 61%. This is also not giving comfort to buy. So buying should be avoided at higher level and wait for 16800-16900 range. At higher level, sell on gap up opening with stop loss above 17400. This is positional trading view. Actually there is no stopping in journey of Nifty to upside and finding intraday level is difficult. Trade with stop loss
58 viewsedited  03:17
Ouvert / Commentaire
2022-07-30 09:12:46 Every sector goes through a process of ups and downs. First come optimism with few first moving players. Those first movers are always overvalued as there is less competition with high potential.

Second phase is high competition when many players jump into the market because of high growth potential. This is the time when everyone tries to participate in rising sector. New players come with offer to lure customers. Government also comes with regulation for malpractices and price cap. Now doing business is tough because of high competition, high cost of capital, tighter regulation. Companies started posting loss in the hope later they would be profitable business.

Now third phase starts which is consolidation as small pocket business feel the pain and its difficult to run business now. At the same time, one big player with big pocket size ruin the party like Reliance Jio did. Small players now vanished or merged with bigger players. Again there few players only in the sector and then we see profit coming to these left companies.

Diagnostic sector EV are in second phase with increasing competition. Tougher regulation will make difficult to run business further. Online gaming will see the same sooner or later. Online retailing is going through tough competition.

My point of view is that always be aware of this cycle when you invest in new emerging sector. So that you can be able to value companies
10 views06:12
Ouvert / Commentaire
2022-07-29 06:30:33
Support- 36800
Resistance- 38000

My personal view in banknifty is sell on gap up opening. As per technical chart Stop loss should be kept above 38000. This is positional view. Intraday stop loss should be as 100 above opening price. Buy side I won't go as there is not better risk reward and its now overbought.
31 views03:30
Ouvert / Commentaire
2022-07-29 06:16:28
Support- 16740-16800
Resistance- 17200(first) and 17400(second)

Now Indian market is overbought zone. Another huge gap today will make buying risky. So what has changed ? Not much except some comments from Fed and secretary of treasury in US. Economy is slowing down with peaking employment in US and this is the puzzle everyone is trying to solve. Result from tech giants are better than expected and hence US indices futures trading higher.

Technically, with gap up opening Nifty will become overbought as per RSI. 16200 is first resistance from where profit booking can be expected. If it sustains above 16200 then we will see Nifty marching to 16400. On lower side, closing below 17000 is important for short selling. My personal view is short nifty if there is gap up of 200 points. Keep stop loss as per own comfort. Buying is not recommended at higher level.

PCR is 1.41 and FIIs position has reached to 57% from 45%. Both data show Nifty is slightly overbought
35 views03:16
Ouvert / Commentaire
2022-07-28 06:18:29
Support- 36200
Resistance- 37000-37100

Today's closing is crucial for banknifty. If it closes above 37000 or below 36200. Closing below 36200 will be bearish signal and closing above 37000-37100 range will be bullish signal. We should wait and watch for clarity. PCR is at 1.21 which is neutral on expiry day.
40 views03:18
Ouvert / Commentaire
2022-07-28 06:07:19
Support- 16350-16400
Resistance- 16800

The big event day has passed with positivity. Powell clearly said US is not in recession because labor market is strong and demand in some space is still intact. Results from companies are not showing slowdown in economy. Further, commodities price have fallen which is the reason Powell indicated that large rate hike probably would stop after September meeting depending on data. Now next focus will be on RBI MPC meeting next week.

On technical chart, 16350-16400 is strong support area where buying is recommended. On higher side, profit booking can be expected after gap up opening. If Nifty opens near given resistance then go for sell with strict stop loss above 16820. Today is monthly expiry day too so trade with caution.

PCR is 1.24 and FIIs position again has reached to 45% from 36%. SO there is less space for stellar upside move
43 views03:07
Ouvert / Commentaire
2022-07-27 22:42:31 Jerome powell doesn't think US market is in recession because labour market is still strong and various economic data have to confirm. Unexpectedly he said rate hike at some point has to be slowed and this is the reason why US indices are climbing up. Be ready for gap up opening
45 views19:42
Ouvert / Commentaire