30SEP2021

30 בספט׳ 2021

Indian Indices Last Session:
🔴 #Nifty Fut opened gap down, but took support at polarity level 17619 and moved higher settling the day -0.21% lower.
🟠 #BankNifty opened gap down, took support near PDC 37373 and moved higher paring losses. Finally closed -0.90% lower.
🔴 FII's were net seller of 7000cr+. Bought index options of 3220 cr out of which 95% are #Long PE (directional short).

Global markets (Last Session):
🟢 US markets opened strongly attempting to recover from previous session loss. But paired the gains later & closed flat.
🔴 European markets had gap up opening and closed higher by 0.77% to 1.14% retaining the early session gains. Bullish.
🔴 US 10YR bond yield fell 1.57% to 1.51. DXY rose to 94.338 mark. It kept pressure on precious metals. Silver fell by 4%.

Global markets (Morning Cues):
🟢 Asian markets are trading mixed. SGX Nifty trading lower indicating a muted opening in the Indian benchmark index.
🟠 US & Europe futures trading marginally higher nearly 0.35-0.55%. DXY and US Bond yield cooling off. Cues positive.

News And Additional Data:
🟢 As posted earlier post US FED meet, Dow didn't clear 35091 and hence it looks like a pullback not a bullish reversal.
🟢 Imported global cues will put some pressure on the mad bulls. Monthly expiry this two days can be highly volatile.

Nifty 50 Technicals:
🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(69.00), W(77.15), M(79.38) and ADX D(43.46)
🟢 #Nifty trading above SuperTrend(10,2) and all the major moving averages in D/W time frame. 20 DEMA placed at 17462

Intraday Index Futures Levels
🔴 #Nifty50 17439/17485/17559/17618-17777/17821/17886/17935. RDX Score- 15M(1*)/75M(-2*)/1D(4*)/1W(6*) #Caution
🟠 #BankNifty 37061/37373/37594/37729-38064/38174/38295/38422. RDX Score- 15M(1*)/75M(1*)/1D(3*)/1W(4*) #Caution
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels #29SEP2021 (View all levels only at 15M candle closing basis)

Intraday Index Trade Plan
🔴 Trading & sustaining below 17663 HCB will give first sign of weakness. Bullish above 17800 on HCB (#Short covering)
🔴 Below 37720 15 MCB we may see strong profit booking in #BankNifty. Bullish above 38000 on 15M MCB (#Short covering)

1 באוק׳ 2021

הערה

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.