Get started

Stockmarketanalysis

SPX Daily TA Cautiously BearishSPXUSD Daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . All eyes are on the big FOMC statement at 2pm on 09/21. The big volatility and volume surge today was largely due to a whopping $3.2t OpEx (options expiration) . The UofM Consumer Sentiment Index for September came in at 59.5 compared to 58.2 in August, reflecting a slightly more optimistic consumer heading into Q4. Equities, Cryptos, Futures, US 10Y Treasury, DXY and Agriculture Commodities are all down or flat while VIX, 30Y Treasury, EURUSD, Precious Metals and Oil are up. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price finished the day at $3873 after briefly testing the lower trendline of the descending channel from August 2021 (~$3850) as support. Volume is High (high) was the highest since 06/17/22 due to a massive OpEx and favored sellers for a second consecutive session today. Parabolic SAR flips bullish at $4100, this margin is mildly bullish at the moment. RSI is currently trending down below the uptrend line from 01/27/22 at ~40 and testing 38 support with no signs of trough formation; the next support is at the uptrend line from August 2015 (~32). Stochastic remains bearish and is currently trending down at 26, the next support is at 18.32. MACD is currently testing -43.84 support with no signs of trough formation after a rejected bullish crossover attempt at the weak uptrend line from March 2020 (-22) as support; if -43.84 support doesn't hold then the next support is the strong uptrend line from March 2020 at -76.22 minor support. ADX is trending up slightly at 20 as Price continues to fall, this is mildly bearish at the moment. If Price is able to bounce here then the next likely target is a retest of $3938 minor resistance . However, if Price continues to fall here, it will likely formally retest the lower trendline of the descending channel from August 2021 at ~$3850 as support before potentially retesting $3706 minor support . Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
2
Nifty Levels & Strategy for 19/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 ( bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish , but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped. Highest open interest on call side at 19000 (Shifted up from 18700 to 19000) Highest open interest on put side at 17000 (Shifted up from 16500 to 17000) BANK NIFTY Bank Nifty is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 ( bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation. Highest open interest on call side at 41500 (Remained at same level) Highest open interest on put side at 38500 (Remained at same level) Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session? Shall we again start looking for sell on rise opportunities ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
6
Bank Nifty Level & Strategy for 19/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 (bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation. Highest open interest on call side at 41500 (Remained at same level) Highest open interest on put side at 38500 (Remained at same level) NIFTY Nifty is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 (bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish, but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped. Highest open interest on call side at 19000 (Shifted up from 18700 to 19000) Highest open interest on put side at 17000 (Shifted up from 16500 to 17000) Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session? Shall we again start looking for sell on rise opportunities ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
US30, are sellers getting ready to test 30,550? In today’s video, we are looking at the US30. We start with a longer-term view and move down to the short term. Overall, the market continues to trade in a corrective phase that could be called a bear market. The issue we see here was the last relief rally that broke the downtrend. While it did upset the pattern of the downtrend, sellers now look to have broken that trend, and Tuesday’s session could be a bit more than an exhaustion bar as sellers so far today have made a new LL maintaining a normal pattern of trend. After yesterday’s latest move lower, could we be set to see 30,550 retested by sellers? That could become an important point if buyers can hold it. We will then look to see if a new LH and retest of the area could re-confirmed. Otherwise, a new break could set up a new move that could test the 30,000 area. A lot will depend on the current inflation outlook guided by future data and the Fed. Interesting times. We love hearing from you, so please drop us a comment on your thoughts. Enjoy your Friday and good trading.
EIGHTCAP:US30Short
by Eightcap
SPY - Is Smart Money Playing Games? Don't Be Fooled!Hello Traders, here is my analysis for the SPY. Let me start by saying that currently I'm unsure as to what the SPY will do over the coming days... However, given what we've seen recently, I think that there is a relatively high probability that we see a scenario like the one I'm proposing will take place. A scenario where: 1) Smart money takes price lower to grab liquidity and fool novice traders 2) A corrective rally to the upside will follow, back to the top of the descending trend line near $420 3) A large sell-off will occur breaking the range lows Lets see how this plays out over the coming day's / weeks. In the meantime we can use this to guide us into taking positions at the right levels if this type of scenario plays out. For example; Since I'm anticipating a scenario like this to take place, I'm starting to plan to take longs and shorts at key S&R levels. 1) I will consider taking a long on SPY through averaging in at various levels as price travels down from $390 (Since I'm anticipating a rally soon) 2) I will likely enter a short on the SPY when it reaches key resistance at $411, $420 and $429 since I'm anticipating a large sell off after at some point. Thanks everyone and best of luck trading.
AMEX:SPY
by natef1
4
HAS HDFC BANK GIVEN BREAK OUT/TARGETS FOR NEXT FEW MONTHS ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. HAS HDFC BANK GIVEN CLEAN BREAK OUT ON WEEKLY CHART/BIGGER TIMEFRAME ????? WHAT ARE THE POSSIBLE TARGETS OF HDFC BANK FOR NEXT FEW MONTHS ????? FRIENDS, WHAT DO YOU THINK ????? LET'S WORK & WIN TOGETHER. MANY THANKS 🙏🙏
NSE:HDFCBANKLong
by manishmgupta
Nifty Levels & Strategy for 16/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is slightly down by -126 points. Today, Nifty has broken down 18K level and could not close above the psychological level. PCR is down from 1.1 (buying zone) to 0.72 (bearish zone). Today’s positive opening has given chance to retail traders for booking profit. Later Nifty slipped below 18K level. Highest open interest on call side at 18700 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 16500 (Based on next weekly Sep, 22nd expiry data) BANK NIFTY Bank Nifty is down by -196 points. Today was a historical day when Bank Nifty touched new lifetime high. It was dream come true amid several global issues. Bank Nifty was pushed in red due to heavy profit booking & new short positions added by traders. PCR is shifted down from 1.62 (Overbought zone) to 0.87 (bearish zone). Highest open interest on call side at 41500 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 38500 (Based on next weekly Sep, 22nd expiry data) Shall we again start looking for sell on rise opportunities ????? 1. till Nifty is below 18K 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near support level 2. high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do review 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nasdaq 100 index analysis: US real yields dominateThe Nasdaq 100 index ( US 100 ) has moved in the opposite direction of US real yields ( DFII10 ), which are the difference between nominal Treasury yields and market-based inflation expectations (also known as Breakeven yields). Real yields serve as a measure of the Fed's rate tightening aggressiveness. The 30-day correlation between Nasdaq 100 and US real yields is currently at -0.83, indicating a strong and inverse negative relationship. US real yields have risen dramatically since the start of the Fed hiking cycle in mid-March, from -0.7% to around 1% as of this writing, reflecting increased market expectations of a more stringent monetary policy. This means that the nominal yield on a 10-year Treasury (3.45%) is currently about 1% higher than the market measure of inflation expectations for the next 10 years (2.45%). Positive real returns on a safe asset like US Treasuries undoubtedly act as a deterrent to investing in riskier assets like stocks. Technology stocks are also way more sensitive to changes in Federal Reserve interest rates than stocks in other industries. Higher interest rates reduce the long-term expected cash flows for tech companies. As a result, tech stocks fall more than the overall stock market. The Nasdaq 100 has underperformed the broader S&P 500 ( US 500 ), which is down 17.7% year to date versus -26.5% for the tech-heavy index. After the US inflation rate continued to beat market expectations this week, markets have already fully priced in a 75 basis point hike at the FOMC meeting next week. The chances of another 75 basis point hike in November are also increasing, which would bring US interest rates to 4% ahead of the December meeting. Stronger rate hikes could put additional pressure on the tech-heavy Nasdaq index .
NASDAQ:NDX
by Capitalcom
S&P 500 - A shift from Bullish to Bearish?Hello Traders, With the dump yesterday, Imo the market has shifted from more Bullish to more Bearish. Of course the Bulls can still regain control in the short term, but its an uphill battle for sure. I'll break it down in the most simple terms: Above $390 = Bullish Below $390 = Bearish Use this only as a guide to help manage risk, the trend can still be long term bearish while price is above short term bullish above $390. However in the short term, if price is above $390, then the bulls still have a shot at regaining control. Here are some things to watch for: 1) Key support at $390 2) The descending trendline connecting the range highs (May act as resistance) 3) The 50 period EMA (Price will likely test the 50 EMA, potential rejection from the bears) 4) The Bears will be scouting a lower high anywhere below resistance at $411 5) A break of the prior high at $411 will be very bullish for the short term 6) The ascending trendline connecting the range lows (This is vital for the bulls that price does not fall below this trend line. 7) Larger wedge formation forming (Price could trade within this range for the next couple months) If price breaks below $390 expect a quick sell off in price. With the current economic conditions, the broader market will likely stay bearish for several more months. Remember, Bear cycles can still have melt your face off rallies. However given the CPI data yesterday and what that means for potential rate hikes, I'm expecting price to eventually head lower. Start planning your shorts and be patient. Thanks everyone and best of luck trading!
AMEX:SPY
by natef1
4
The DXY - Will likely determine the fate of the broader market. Hello Traders, As many of you know, the DXY has a large part to play in whether the broader market rallies, or dumps. Just take a look at yesterday when the broader market dumped, the dollar had a massive rally. - Knowing that there is this correlation, we can use the DXY to help us determine what the broader market might do. - We want to find the likely scenario for DXY, and use that likely scenario to guide our decisions for other trades. Right now, the DXY is forming a 4Hr Bull Flag. As the name implies this could potentially lead to a bullish move. If the DXY does trend Bullish, the broader market will likely trend bearish. As a broad statement: DXY Bullish = Risk Assets Bearish DXY Bearish = Risk Assets Bullish So if the broader market is going to have a shot at a rally, the DXY needs to rollover and trend bearish. So then how do I know whether the DXY is going to be bullish or Bearish?! - Simple, we have support and resistance levels that will guide us. If support breaks, the DXY will rollover and most likely create a higher low. - This rollover will give bulls in the broader market the confidence to rally the market. If support holds and the DXY breaks higher, the bears in the broader market will likely take price lower. Use this chart as a guide and keep an eye on these levels. Thanks everyone and best of luck trading!
TVC:DXY
by natef1
Bank Nifty Levels & Strategy for 15/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN, now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone. Highest open interest on call side at 41500 (Shifted up from 41000 to 41500) Highest open interest on put side at 40000 (Remained at same 40000 level) NIFTY Nifty is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 (bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level Highest open interest on call side at 18100 (Shifted down from 18500 to 18100) Highest open interest on put side at 17900 (Shifted down from 18000 to 17900) Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. *August CPI surprised to the upside by increasing 0.1% to finish 8.3% higher than the year before compared to 8.1% consensus estimates, sending Equities, Cryptos, Commodities, Euro and Futures into the red. Today's winners are once again a combination of DXY, US Treasuries and VIX. Although it was minor, CPI going up rather than down is still a blow to the "inflation has peaked" crowd and is likely to inspire the Fed to go with a 75bps (or potentially higher) FFR hike on 09/21. Key Upcoming Dates: The Merge (Ethereum) at ~11pm EST 09/14 ; US August Retail Sales at 830am EST 09/15; 12th GDPNow US Q3 US GDP estimate 09/15; UofM Consumer Sentiment Index at 10am EST 09/16; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21).* Price is currently trending down at ~$3960 as it breaks below the 50 MA at ~4k support and is on the verge of testing $3938 minor support. Volume remains Moderate (high) and is on track to break a four day streak of buyer dominance if it can close today's session in the red. Parabolic SAR flips bearish at $3911, this margin is bearish at the moment. RSI is currently trending down at 42 after being rejected by 53 resistance, the next support is the uptrend line from 01/27/22 at 38 support. Stochastic remains bullish but is currently trending down at 65 after forming a peak just below 76 resistance at 68, if it breaks below 60 it would be a bearish crossover; the next support is at 48. MACD remains bearish as it continues testing the uptrend line from March 2020 at ~-23 and is currently trending down at -26; if support from the uptrend line is lost, the next support is at -11.45. ADX is currently trending down slightly at 20 as Price is falling, this is neutral at the moment; if ADX can form a trough as Price continues to fall, this would be bearish. If Price is able to bounce off of $3938 minor support then it will likely retest the 50 MA at ~$4k psychological resistance . However, if Price breaks down below $3938 minor support , it will likely retest the lower trendline of the descending channel from August 2021 at ~$3860 as support . Mental Stop Loss: (two consecutive closes above) $4k.
SP:SPX
by dailytaguy
Bank Nifty Levels & Strategy for 14/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is up again by 299 points. Bank Nifty has closed 3rd time in a row at new lifetime weekly high. Bulls have really performed well amid several global issues. Everything was going good for bulls, but today’s higher US inflation data is likely to put a break in sharp bear market rally. Bears are all set to take over. Market is going to give opportunities to those who missed to buy during the rally/clear the bleeding short positions. Highest open interest on call side at 41000 (Shifted up from 40500 to 41000) Highest open interest on put side at 40000 (Shifted down from 40500 to 40000) NIFTY Nifty is up again by 134 points. Today, Nifty has broken the 18K wall of highest open interest, but strength was clearly missing after initial breakout. PCR is further up from 1.02 (sideways zone) to 1.32 ( bullish zone). Bears are all set to bring down Nifty below 18K after blood bath in US market based on US inflation data and fear of jumbo rate hike in near future. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17900 (Shifted up from 17900 to 18000) Shall we start looking for sell on rise opportunity amid global issues till US Fed hike in near future near major resistance level with strict stoploss? Or Shall we look for buy on dips opportunity after decent correction? What do you think? PLEASE MAKE A NOTE THAT TOMORROW MORNING, WE WILL SEE THE SHARP REACTION OF US INFLATION DATA. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
Nifty Levels & Strategy for 14/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up again by 134 points. Today, Nifty has broken the 18K wall of highest open interest, but strength was clearly missing after initial breakout. PCR is further up from 1.02 (sideways zone) to 1.32 (bullish zone). Bears are all set to bring down Nifty below 18K after blood bath in US market based US inflation data and fear of jumbo rate hike in near future. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17900 (Shifted up from 17900 to 18000) BANK NIFTY Bank Nifty is up again by 299 points. Bank Nifty has closed 3rd time in a row at new lifetime weekly high. Bulls have really performed well amid several global issues. Everything was going good for bulls, but today’s higher US inflation data is likely to put a break in sharp bear market rally. Bears are all set to take over. Market is going to give opportunities to those who missed to buy during the rally/clear the bleeding short positions. Highest open interest on call side at 41000 (Shifted up from 40500 to 41000) Highest open interest on put side at 40000 (Shifted down from 40500 to 40000) Shall we start looking for sell on rise opportunity amid global issues till US Fed hike in near future near major resistance level with strict stoploss? Or Shall we look for buy on dips opportunity after decent correction? What do you think? PLEASE MAKE A NOTE THAT TOMORROW MORNING, WE WILL SEE THE SHARP REACTION OF US INFLATION DATA. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
ASRI: Rebound of The Strong Support, Bull Bias Ahead to 196?Hello Fellow Stock Investor/Trader, Here's a Technical outlook of ASRI Stock! Chart Perspective ASRI has rebounded around a strong support area. The MACD Indicator created a golden cross, signifying a potential upside movement to the target area. All the explanations are presented on the chart The roadmap will be invalid after reaching the target/ support area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position in ASRI Stock".
IDX:ASRILong
by financialfreedomgoals101
1
Nifty levels & strategy for 13/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 103 points. Nifty is successfully trading above major resistance zone. PCR is up from 0.89 (bullish zone) to 1.02 (sideways zone). Nifty is trying hard to cross the 18K level. If inflation data is next major trigger. If data comes positive and then we may see a new lifetime high in Nifty.Certainly, support zone in Nifty has shifted up. Important resistance levels became new support levels. Max open interest has jumped up significantly which means big players are looking at expiry on higher levels near lifetime high. Overall, Indian market data is looking good. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17900 (Shifted up from 17000 to 17900) BANK NIFTY Bank Nifty is up by 158 points. Bank Nifty is really performing well and closed above 40500 level which is a new lifetime weekly high. Extra ordinary performance by Banking stocks amid ongoing global issues. Any dip Bank Nifty due to US inflation data in next few days should be buying opportunity. However, trader should work level by level. Max open interest has jumped up significantly. Please do make a note of it. Highest open interest on call side at 40500 (Remained at same level) Highest open interest on put side at 40500 (Shifted up from 39000 to 40500) Shall we continue look for buy on dips opportunities near major support? Yes, I think so. What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta