As we analysed before that #NIFTY50 and #NIFTYBANK moved up from recent lows. Nifty day candle should close above 17315 and should form a bullish price action to continue its uptrend.
Below that Consolidation to negetive bias is maintained.
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I am Revanth from Hyderabad, Telangana state. I am good at technical analysis and I am a Options trader.
Note: I'm not a Financial Advisor all the posts and analysis are for educational purposes only, Before trading please consult your financial adviser.
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Reputation: 14,372 • Yesterday 3:03 AM
#ADANIPORTS : Q2 FY23 volumes see a strong 15% growth (YOY)
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Reputation: 14,372 • Yesterday 2:38 AM
#NIFTY50 Surprised every one now.
1) Global Markets Negative
2) SGX Nifty Indicating -0.8%
But Nifty opening slightly flat to positive
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Reputation: 14,372 • Yesterday 2:12 AM
3 OCTOBER
🌞Good morning
Today’s Stocks in News:
🌍GLOBAL markets
🔴ASIA
🔴USA
🔴SGX NIFTY 213⬇️
FII & DII CASH ACTIVITY
🙁 FIIS Net Sellers
🙂 DIIS Net Buyers
Fiis F&O activity
FUTURES DATA
Net long 16% at from 13%
Net short 84% at from 87%
FIIs options data Which is Negative
......read more
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Reputation: 14,372 • Oct 1 3:44 AM
Balanced Open
In this setup, the price opens near the middle of the previous range (precisely POC) & spends 15-30 mins
It indicates a balanced open & there is a high possibility of current day range within previous day range
Ideal Setup for Short Straddle Traders!
#TradingUnivers......read more
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Reputation: 14,372 • Oct 1 3:44 AM
IS Failure Setup
In this setup, the price opens below PDL but fails to trade below & shows strong rejection in the 1st or 2nd candle.
It indicates the absence of strong sellers.
Entry: Long trade Above IS failure candle
SL: Below IS Failure candle
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Reputation: 14,372 • Oct 1 3:43 AM
IB Failure Setup
In this setup, the price opens above PDH but fails to sustain & closes below PDH in the first candle.
It indicates the absence of strong buyers.
Entry: Short trade below IB failure candle
SL: Above IB Failure candle
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Reputation: 14,372 • Oct 1 3:41 AM
Open Test Drive DOWN
This is similar to OTD-UP but on opposite side
It opens near PDL, tests the PDL, negates all buying, & then closes below PDL
It indicates the presence of Initiative Sellers
Entry: Short trade below OTD DOWN Candle
SL: Above OTD-Down candle
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Reputation: 14,372 • Oct 1 3:40 AM
Open Test Drive Up
This is similar to OL, but it opens above PDH, but tests the PDH, negates all selling, and then closes above PDH.
It indicates the presence of Initiative Buyers.
Entry: Long trade above Open Test Drive UP Candle
SL: Below OTD-UP candle
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Reputation: 14,372 • Oct 1 3:39 AM
Open High Setup
Similar to OL, when the market opens below/at the previous day's low, displays open-high, & OH sustains for some time.
It indicates the presence of Initiative Sellers.
Entry: Short trade below Open High Candle
SL: Above open-high candle
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Reputation: 14,372 • Oct 1 3:38 AM
Open Low Setup
When the market opens above/at the previous day's high, displays open-low, and OL sustains for some time.
It indicates the presence of Initiative Buyers.
Entry: Long trade above Open-Low Candle (in 10 or 15 min chart)
SL: Below open-low candle
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Reputation: 14,372 • Sep 30 8:35 AM
INDIA'S RBI is encouraging state-run refiners to reduce dollar buying in spot market -RTRS
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Reputation: 14,372 • Sep 30 7:51 AM
#SRF is Morgan Stanley's top pick in speciality chemical space. But stock was down 5% intra day after a block deal of 6L shares
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Reputation: 14,372 • Sep 30 5:37 AM
Gas Stocks in correction mode
#GUJGASLTD down 4%
#MGL -5%
#IGL falls 7%
Alert: Gas Pricing update from Govt expected in a week
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Reputation: 14,372 • Sep 30 4:05 AM
Catch Key Highlights from RBI Monetary Policy so far:
-Monetary Policy Committee hikes repo rate by 50 bps to 5.9 percent.
-Real GDP growth for FY23 is projected at 7%.
-Inflation to remain elevated at around 6% in the second half.
-RBI to remain focused on the withdrawal of acco......read more
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Reputation: 14,372 • Sep 30 4:00 AM
#SRF Entered into a channel after a huge up move.
Support: 2267, 2176
If this is broken there is a Demand Zone from 2101 to 1977. (Good Spot for entry
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Reputation: 14,372 • Sep 30 3:47 AM
so far very positive commentary from rbi governor compare to other world central banks governor during policy speech
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Reputation: 14,372 • Sep 30 3:45 AM
RBI DAS: Economic environment in india remains stable
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