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Stock Shiksha

Logo de la chaîne télégraphique stockpedia - Stock Shiksha S
Logo de la chaîne télégraphique stockpedia - Stock Shiksha
Adresse du canal : @stockpedia
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 3

2022-07-20 06:40:40
Support- 35500
Resistance- 36700

Trading range for banknifty also has shifted upward. Now support is 35500 and resistance is 36700. But we have to watch if it sustains above 36000 or not. If it closes below 36000 then 36000-36200 will be resistance zone. I personally would like to wait and watch today instead of trading
24 views03:40
Ouvert / Commentaire
2022-07-20 06:28:02
Support- 16350
Resistance-16800

Yesterday US market saw strong upside momentum because building permit data further gave clarity on strong economy. There is talking of Russia will allow to export from Ukraine. Russia also is expected to allowing supply of gas to Germany. Indian market likely to follow the trend with huge gap up opening.

Technically, nifty will be in another trading range after gap up opening. Trading range for nifty has shifted to 16350-16800. Buying is not recommended after gap up opening. We should wait for fall to support range and then go for buy. Near 16800 which is very far away is the selling zone.

PCR is 1.37 which is slightly overbought and FIIs position has reached to 21 percent which is still bullish sign for market
26 views03:28
Ouvert / Commentaire
2022-07-19 06:37:02
Support-35000(first) and 34400(second)
Resistance- 35500-35550

Banknifty performance was strong yesterday against our expectation because of short covering. Now psychological support is 35000 for banknifty where buying is recommended with strict stop loss. Breakdown below 35000 will be bearish in short term and we can expect 34400-34500 range where positional buying is recommended. On higher side, 35500-35550 is resistance where profit booking can be seen. PCR for banknifty is at 1.36 which is slightly overbought and hence avoid buying at higher level.
38 views03:37
Ouvert / Commentaire
2022-07-18 06:49:51
Support- 34400-34500
Resistance- 35500

HDFC bank has posted result weaker than market expectation and hence Banknifty is expected to underperform. We should wait and watch if it sustain above 35000 or not. Above 35000 we will see 300-400 points upside. On lower side, 34400-34500 is buying zone where traders can go for long side position. PCR is at 0.85 which is nearing to oversold. I would like to wait for good opportunity
41 views03:49
Ouvert / Commentaire
2022-07-18 06:31:26
Support- 15850
Resistance- 16180-16200

Strong retail sales data and drop in US long term inflation expectation were the reason for strong upside movement in US indices. Indian market is expected to follow the upside trend with gap up opening. This week is less important from data point of view. There is single event which we should follow and that is ECB's monetary policy. COVID cases are rising in China and hence crude and metals will under pressure. These are triggers for market

Technically, there will be breakout if it opens above 16180-16200 range but we should avoid buying at gap up opening. Wait and watch whether nifty sustains above 16200 or not. I am personally expecting profit booking there. Fresh short can be made too with strict stop loss as per comfort. On lower side, 15850-15900 is strong buying zone where traders get better risk reward ratio.

PCR is at 1.21 which is nearing to overbought. FIIs position is at 17% which is oversold.
42 views03:31
Ouvert / Commentaire
2022-07-13 06:43:03
Support- 35000
Resistance- 35500-35550

Banknifty is stronger than overall market. On chart, it is refusing to go below 35000 and this is why this level is support for today. On higher side, 35500 is resistance area where profit booking will be seen. Today's trading range is narrow. I personally would like to wait and watch for breakout
37 views03:43
Ouvert / Commentaire
2022-07-11 06:27:23
Support- 34380-34400
Resistance- 35500

Banknifty looks strong on chart but two consecutive gap make it vulnerable. Buying can be done only near 34400-34500. Buying at higher level is not recommended. On higher side, 35500 is resistance zone where profit booking can be seen and fresh sell position can be made too. Overall pattern is buy on dip so first priority should be buy in dip. PCR is 1.07 which is neutral.
24 views03:27
Ouvert / Commentaire
2022-07-11 06:17:13
Support- 16000
Resistance- 16450-16500

This week is very important for market. Inflation data will be published for June month in many countries including India. Central banks closely watch CPI data, industrial production data to frame out the monetary policy. This is why, we can see increased volatility.

Technically, 16000 is support for Nifty today where traders can go for long side position. Nifty is expected to open with gap down. On higher side, 16500 is resistance where profit booking can be seen. Below 16000, 150-200 points fall can be seen. Overall chart pattern is buy on dip so avoid buying on higher side and look opportunity at lower side.

PCR is at 1.2 which is slightly overbought and Fiis net long position is 27% which is neutral.
26 views03:17
Ouvert / Commentaire
2022-07-07 06:36:39
Support- 33800-34000
Resistance- 34800

Gradually trading range for banknifty has shifted upward. From here banknifty will trade from 33800 to 34800. Traders should look for buy near support zone and selling near resistance. PCR for bank nifty is at 1.38 which is overbought and we can see profit booking from higher range. So, avoid buying at higher level. Instead go with buy on dip strategy.
33 views03:36
Ouvert / Commentaire
2022-07-01 10:09:08
Active traders are around 1 cr which is expected to fall further by end of June data.
91 views07:09
Ouvert / Commentaire