Dear All,
Indices are in the middle of break out or break down pattern.
Major News or events which may break or make the market next week.
1) FOMC Meeting
2) RBI's Monetary Policy Meeting -
are the major events which may trend the market.
> NIFTY Daily Chart <
> NIFTY Hourly Chart <
> Bank Nifty Daily Chart <
> Bank Nifty Hourly Chart <
> SRF Ltd - Daily Chart <
Dear All,
>BANK NIFTY 15 MIN CHART <
Watch 41700-720 for Rally
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 <
> NIFTY 5 Min Chart - Update <
> BANK NIFTY Posted last Weekly Review <
> Bank NIFTY 15 Min Update <
> NIFTY IT Daily Chart - Posted Last Weekly Review <
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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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 <
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 <
> Bank Nifty Daily Chart <
> NIFTY IT - Daily Chart <
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.
