23SEP2021

23 de set. de 2021

Previous Session:
🟢 #Nifty Fut traded within the narrow range of 17530-17618. Narrow range breakout can give fresh direction to market.
🟢 #BankNifty took support near 36985It can move higher with support from the global cues. A #Short covering candidate.

Technicals:
🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(73.03), W(78.34), M(79.01). ADX D(42.62)
🟡 20 DEMA = 17247. 17366/17212 is major support in #Nifty on DCB below which market will reverse the #ShortTerm trend.
🟡 VPOC of the recent uptrend is placed near 17355-17375. Closing and sustaining below will give first sign of weakness.
🟡 In case #Nifty breaks these levels and start going down, next support as per volume profile placed at 16688/16188.

Global markets (Monday):
🔴 US markets opened strongly & closed higher. FED FOMC event was nonevent & market took it positively. Future is flat.
🔴 European markets closed higher by 1-1.5% in optimism that FED may not give some sudden jerk. Fut trading higher today.
🟢 Asian markets trading higher. SGX Nifty trading higher indicating a strong gap up opening in the Indian indices.

#Nifty Fut 17321/17435/17485/17520 - 17619/17666/17715/17762
RDX Trend & Momentum Score - 75M(3*)/1D(6*)/1W(7*) #Bullish

#BankNifty 36588/36795/37005/37136 - 37366/37558/37718/37854
RDX Trend & Momentum Score - 75M(-3*)/1D(3*)/1W(5*) #Bullish

🟣 All levels to be considered upon 5/15M candle closing basis
#TradePlan #PreOpenUpdate #IndexFutLevels #23SEP2021

TradePlan:
🔴 Trading and sustaining above 17619 on 15M candle closing basis one can initiate longs for #Intraday with SL = 17585.
🔴 Profit booking in case of a wild gap up can be a good idea around 17666 basis price action in lower timeframe charts.

23 de set. de 2021

Nota

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.