NIFTY FUTURE UPDATE 14th Feb, 2023

 Dear All,

> NIFTY FUTURE UPDATE <

Weekly Review 13th Feb, 2023

 Dear All,

Market witnessed volatility and ended on a flat note in the week ended February 10 with inline rate hike by the Reserve Bank of India, mixed set of corporate results and continued selling by foreign institutions.

Selling by foreign institutional investors (FIIs) continued this week as well but with reduced rate, as they sold equities worth Rs 3,201.63 crore, while domestic institutional investors (DIIs) bought equities worth of Rs 2,287.48 crore. In February, till now, FIIs sold equity worth Rs 5,414.21 crore and DIIs bought equities worth Rs 6,453.05 crore.

> Nifty - Posted Last Weekly Review <

Support mentioned has not broken, But we saw a very volatile and choppy session, 

> NIFTY 5 Min Chart - Update <

Above 5 Min Chart shows a raising wedge like pattern, lets see if break above or below for a direction

> BANK NIFTY Posted last Weekly Review <

> Bank NIFTY 15 Min Update <

Hope we Will get a clear picture this week, lets wait for break down or up.

> NIFTY IT Daily Chart  - Posted Last Weekly Review <

> NIFTY IT Hourly Chart - Update <

> N4A - Short Term Calls <

> Voltas - Updated Last Week <

Mentioned to Clients that it may test 795.

> Voltas - Update <

After test 795 as expected, start moving and test 856, Looking for 885 or 900 Soon

> Sobha - Updated Last Weekly Review <

> Sobha Ltd Update <

Support @ 560, Lets hope for a rally to test all given resistance.

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Weekly Review 06th Feb, 2023

 Dear All,

The Union Budget for FY24 broadly brought smiles on bulls as it indicated the government’s continued focus to foster domestic growth through higher capital investments and reforms while pumping in incentives to boost rural growth.

No changes to the long-term capital gains tax or securities transaction tax came as another big relief for domestic equities.

Some Key Important Point Sector wise :-

1.  Budget increased the capital outlay for FY24 by more than expected 33% to Rs 10 lakh crore. This is almost 3 times higher than the outlay made in the 2019-20 Budget

2.  Bedget 2023 to boost consumer spending, which will effectively drive credit growth.

3.   Increased capital outlay and spending to scrap old government vehicles, which is a good for entire Auto industry.

4.  Budget 2023 has hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%, which will translate into about 1-3% increase in prices of cigarettes.

5.  Budget 2023  announced that for life insurance policies, other than ULIPs, where the premium is more than Rs 5 lakh, the income will be taxed. This will be applicable on policies being offered after April 1. Most of the Indusrance Stocks fell post announement.

6.  Budget 2023 said promotion of tourism will be taken up on a mission mode, with active participation of states, the convergence of government programmes and public-private partnerships, good news for all Hotel Sector.

7.  Budget 2023 reduced the basic customs duty on parts of open cells of TV panels.

8. Budget has estimated a divestment target of Rs 61,000 crore for the current financial year.

9.  Government reduced the customs duty on lithium cells sharply to 13% from 21% and extended subsidies on EV batteries for 1 more year.

10. Budget raised the target for farm credit to Rs 20 lakh crore. The government will also focus on areas including animal husbandry, dairy and fisheries.

> NIFTY DAILY CHART <

> BANKNIFTY DAILY CHART <

> NIFTY FIN SERVICE <

> NIFTY IT <

> SHORT TERM DELIVERY CALL <

Rule Book :- 

1. Never Invest all Cash in Single Stock or in a Single Stroke. 

2. Averaging is a technique to add more during a dip.

3. Support levels and Second entry will be Provided as per stock movement.

> SOBHA LTD - POSTED ON 12TH JAN, 2023 <

> SOBHA UPDATE - 06TH FEB, 2023 <

> VOLTAS 1ST UPDATE AS ON 30TH JAN, 2023 <

> VOLTAS UPDATE - 2 <

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Weekly Review 30th Jan 2023

 Dear All,

It was a most bearish week due to Adani Group's report from Hindenburg - a Broking and Short Selling Firm from US. They have also added they were short in Indices & most of the Adani Group Stocks. 

Apart from this news, Since Dec 01st, from the day NIFTY recorded the High Point, Its brazing for a Possible correction with lot of Negative Divergence. But due to lack of trigger, there was no concrete fall happened. 

Most Blue Chip companies also posted a decent Profit resulted in  volatile session.

But the Adani Group News excited the Bears and trigger a sudden and Big volume Fall. The timing of the report was most accurate. Budget Session, Adani FPO and Bear looking for a reason at then time, it Hit Hard.

If I want to say any word as a Last. So far ADANI Was TOO big to FAIL. Lets wait and watch the developement.

> NIFTY Daily Chart <

> Bank NIFTY Daily Chart <

> Financial Services Nifty <

> NIFTY Metal Index <

> Short Term Delivery Call - Voltas <

Volats Buy Triggered above 825 as on, 11th Jan, 2023. 

> Short Term Delivery Call - Voltas Update <

Voltas Can be added near 730 - 740 for the given target.

>>> NIFTY Future Performance in Jan 2023 So Far. <<<

Had a Lot of Hit & Misses due to Heavy volatile in Jan so Far. Options Trades are not calculated so far. 

>>> N4A - Short Term Delivery Call <<

Never Use 100% Capital on a Single Buy.

As I Update with Buy on Dips, Hence Have Space for it.

Some of my paid Customers are trading in Future also, Hence Will Update with Level to them.

DM on Whatsapp for More details.

Join Using the Link given Below for Live Market News Update along with NIFTY / Stocks also.

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Weekly Review - 09.01.2023

 Dear All,

FPIs on Friday sold shares worth Rs 2,902 crore, according to provisional data from the exchanges. Domestic institutional investors, on the other hand, were net buyers to the tune of Rs 1,083 crore.

Indian market lost more than 1 percent in the week ended January 6 (first week of 2023). After a rallying in the first 2 sessions of the new year, the market came under pressure in the last 3 sessions as investors start profit booking ahead of Q3 earnings next week and indication of further rate hikes by Federal Reserve going ahead.

Among sectoral indices on the NSE, Nifty IT and Media declined 2.3 percent each. Nifty Bank index lost nearly 2 percent and Nifty Realty index fell 1.4 percent.

> NIFTY Daily Chart <

Relief Rally possible Next week due to Over sold, May test the Resistance level mentioned in chart.

> NIFTY Hourly Chart <

Wave C Rally may bounce till the given level on chart.

> Bank Nifty Daily Chart <

Bank Nifty is Pushed by many Fin Stocks comes under huge selling pressure. Its a Clear Sell for medium term, But in short Term we may see some bounce. Use the bounce to Book some Profit.

> Bank NIFTY Hourly Chart <

Wave C may rally till 43000 & 43800

> NIFTY IT - Daily Chart <

Have posted in telegram previously about INFY Stock and IT Index to book Profit and exit. Might be some Bubble getting burst in IT Sector. Caution advised.

Happy New Year 2023 - N4A

 Dear All,

Let's Welcome the New Year 2023 - for Indices Trading - Specially NIFTY Trades. 

Will try to De Code the Maximum Success in coming Year with Nifty Futures & Options. 

 Follow us in Telegram - N4A.

Wish you all our Readers / Members a Very Success full Year ahead with Profitable Trading experience.

N4A - Krish.Venkatesh

>>> NIFTY 15 Min Chart <<<

Very Crucial Support @ 18130 and 18000

>>> BANKNIFTY - 15 Min Chart <<<

Crucial Support @ 43000 & 42900, Break below may test 42500.

NIFTY FUTURE Support at 18450 & 18360

 Dear All,

> NIFTY FUTURES 5 Min Chart <

>  BANKNIFTY 5 Min Chart <

Weekly Review - 21st Nov, 2022

 Dear All,

> NIFTY Daily Chart <

Choppy Trade with lot of Volatile Gap Up and Down may continue. 18330 / 18350 above may trigger a move towards 18440 / 18490.

> NIFTY Hourly Chart <

Holding Long, Let's See.

> BANK NIFTY 

42500 is a Key Resistance  with Huge OI, Cross above may trigger some rally.

Nifty Futures may Consolidate.

 Dear All,

Key Resistance 18440 / 18470 / 18500 must cross, Else may Consolidate and correct. I have Short Position. Lets See. Cheers!!!

Support Taken at 17970. Must Hold for any Bounce.

 Dear All,

> NIFTY HOURLY CHART <

Today's Support @ 17970 and the pattern has confirmed a 5th wave bounce pending. Possible to test 18290 & 18490 also. Key Resistance @ 18170 & 18225 must cross to achieve the above target. Else Selling may start again. 

Disc :- Holding Long.

Cheers

Over Over - Rally Over ?!?!? Is it ???

 Dear All,

> Bank NIFTY Futures Hourly Chart <

Looks Currently Rally might have topped out, If breaks below 41635 & 41270 breaks, May trigger Sell off. Lets See.

Key Resistance @ 18130,18150 & 18190

 Dear All,

> NIFTY 15 Min Chart <

NIFTY Key Resistance @ 17800 & 18000

 Dear All,

Happy Diwali to All.

We are Holding Long. 

Rally Exhausted or Just Started ???

 Dear All,

Comments are Inside the Chart.

> NIFTY Hourly Chart <

>BANK NIFTY Hourly Chart <