Bank Nifty Levels & Strategy for 30/08/2022Dear 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 consult your financial advisor before trading.
Global cues are quite negative. FIIs sold in cash as well as F&O contracts by 6000 plus crores. Today also Dow Jones and Nasdaq are trading in red.
Shall continue to look for sell on rise opportunities till global market sentiments remains negative?
Please do share your comments. Have a happy, healthy & profitable day ahead!
Stockmarketanalysis
Bank Nifty Levels & Strategy for 29/08/2022 and new few daysDear 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 consult your financial advisor before trading.
Global cues are clearly negative. Dow Jones has closed with sharp cut of 1000 plus points and Nasdaq with 500 plus points based on outcome of Jacksone Hole meeting. Market sentiments became negative.
BANK NIFTY
Bank Nifty is up by 36 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone.
Highest open interest on call side at 39500 (Remained at same level)
Highest open interest on put side at 39000 (Remained at same level)
NIFTY
Nifty is up by 36 points. However, Nifty closed near day’s low, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone.
Highest open interest on call side at 17700 (Shifted down from 18500 to 17700)
Highest open interest on put side at 17000 (Remained same at 17000)
Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome?
Shall now look for only sell on rise opportunities till global market sentiments remains negative?
Shall we expect decent profit booking after significant one way relief rally which almost became bull run now?
Please do share your comments. Have a nice weekend and wish you happy, healthy & profitable Monday!
Nifty levels & strategy for 29/08/2022Dear 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 consult your financial advisor before trading.
NIFTY
Nifty is up by 36 points. However, Nifty closed almost flat, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone.
Highest open interest on call side at 17700 (Shifted down from 18500 to 17700)
Highest open interest on put side at 17000 (Remained same at 17000)
BANK NIFTY
Bank Nifty is up by 36 points. Bank Nifty closed almost flat, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone.
Highest open interest on call side at 39500 (Remained at same level)
Highest open interest on put side at 39000 (Remained at same level)
Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome?
Shall now look for only sell on rise opportunities till global market sentiments remains negative?
Shall we expect decent profit booking after significant one way relief rally which almost became bull run now?
Please do share your comments. Have a nice weekend and wish happy, healthy & profitable Monday!
How occur the House Debt Bubble on 2008I'm watching the past how occur the House Debt Bubble on 2008 in the Real State Housing in America. This it's S&P 500 how this economic indicator behavior during the year 2008-2009 into this worse financial crisis in North America.
So, I want to share our present situation what the S&P it's behavior now:
Ok, we're in the possible bubble financial in this high point as we forming a higher low in the market structure indicating weak in the trend. Now, if I see that S&P 500 break down the EMA 200 and make a resistance pull back below of the EMA 200, this will be the beginning of the death cross in the stock market and market crash entering in the bubble financial.
Ok, and now we're going to discuss How the S&P 500 behavior in the past?
1) We see a very similar patron formed in our present.
2) We see a higher low formed in the past indicating weak in the trend, and the recently market structure a market trap that I see in our present
3) When break down the EMA 200 and make this pull back below of the EMA 200, the financial market began their bubble financial on 2008 and crash of the financial market.
At the moment, we see the 2 criteria confirmed, and we could to entry in the exactly moment of market trap developing now.
So guys, if you want to read about how this House Debt Bubble occur on 2008, there're a lot educational content in You Tube, documental, wikipedia or blog to read and watching this past history that look very interesting to understand how this occur, the history it's very extensive to post it here. Also, there a lot content to check out in internet, and also, I suggsted to study and watch the 2 bubble in our history
1) "Crack of 29", called the bubble financial on 1929, the most famous oil financial crisis in the worldwide occur in America in the century XX.
2) House Debt bubble on 2008, called the Real State Housing crisis in America that made an deep impact in the financial market and one of the worse bubble in the history of the humanity.
I hope that this content educational support you
S&P 500: Weekly outlookS&P 500 show us a weak in the stock market where we would need to be very carefully what we look, after that Federal Reserve continue tightening the U.S. monetary policy, and also get strength the interest rates. We could to experiment a global recession. Remember: The S&P 500 measure the health of the U.S. economy, and the global financial market. What if that occur what I mark, we could to see a worst global financial crisis and more worse than 2008 (Housing crisis debt), that in that time was a horrible financial crisis in USA when housing price down. Also to take in note, we see a similar patron what occur in the world, and more worse than we can't to imagine it. i believe that you must to find up this history or find up a video that explain why this crisis occur in America, and other study case as " crack of 29", that it's the oil bubble and crisis in this past year, that you must to be prepare and know this vital information in your career as investor or trader.
Now, talking about technical analysis, I see that S&P 500 forming a higher low in this market structure indicating weak in the trend. And the currently candlestick show a weak indicating that it's moment to keep away of the stock market and sell shares, including crypto as they're in the bear market. Now ,if I see the following that S&P 500 break down the EMA 200 and make a pull back resistance in it, we could to see a strong bear market and crash of the stock market, and this it's fault by FED what the U.S. Central Bank do.
Also, in some minutes I will share a special analysis because I found out a similar patron in the debt housing crisis on 2008 in the S&P 500 that occur and past the same that we live in the present, and the past occur and it's very similar what we see in our present and how to project it in the future. This it's my prediction that I look.
So guys, I hope that this idea support you. I suggested to share this idea with everyone who need to get advice and being prepare for this possible financial crisis more worse than 2008.
S&P 500: Daily outlookS&P 500 forming a bearish Gartley pattern that I found out in Daily chart, what we could to see a bearish movement to the previously lower like 3600 pts.
Also, remember that this occur what happen what the FED could to hike interest rate right now in September put the global financial market in worst situation of the bear market. And also tightening the America monetary policy.
Talking about technical analysis, we see that S&P 500 forming a higher low in 3 occasion that maybe, I thinking that stock market could to be a possible market crash what FED do, and also cooling down the inflation rate
But now, S&P 500 show us that stock market could to be weak during the next days, and also very correlated with Bitcoin and cryptocurrencies to short this assets.
I hope that this idea support you!!!
Dollar 🌲Tree🌲 Analyze!!!Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
Dollar Tree made a symmetrical triangle near the trend line, and it lost the lower line of the triangle. I expect Dollar Tree to lose at least 10% of its value.
Dollar Tree Analyze (DLTRUSD), Timeframe 1H (Log Scale /Heikin Ashi)⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
SPX Daily TA Neutral BearishSPXUSD Daily neutral with a bearish bias. Recommended ratio: 47% SPX, 53% Cash .
*I incorrectly mentioned that PCE numbers would be released today, they are scheduled for release tomorrow at 830am EST. The 2nd US Q2 GDP estimate was reported today at -0.6% compared to the previous Advanced estimate of -0.9% , the third and final Q2 estimate will be reported on 09/29/22. Equities, Cryptos and Energy are up while VIX, DXY, US Treasuries and Commodities (aside from Energy) are all down or flat. St. Louis Fed President James Bullard made a pitch for more frontloading to bring down inflation and mentioned that he'd like to see EOY FFR at 3.75%-4%. Bullard isn't a voting member on the rates but his view could gain momentum depending on tomorrow's July PCE report and August's Jobs + CPI numbers. The Risk-On appetite seems to be growing ahead of the anticipated speech by Jerome Powell at Jackson Hole tomorrow. Market consensus is that Powell will remain hawkish but tomorrow's PCE numbers may inspire a more dovish tone regarding end of year expectations. Key Upcoming Dates: US July PCE at 830am EST 08/26 ; UofM Final August Sentiment Survey Index at 10am EST 08/26 ; Jackson Hole Economic Symposium on 08/25-08/27 (Fed Chair Jerome Powell scheduled to speak at 10am EST on 08/26).*
Price is currently trending up at $4199 and is still technically testing $4175 support. Volume remains Moderate (high) and has favored buyers in both of the last two sessions as Price tests $4175 support. Parabolic SAR flips bullish at $4290, this margin is neutral at the moment. RSI is currently trending up at 56.73 after forming a trough at, and bouncing off of, 52.68 support. Stochastic crossed over bullish in today's session and is currently trending up at 12 as it approaches 18.32 resistance. MACD remains bearish and is currently beginning to form a trough at 55.35 minor support. ADX is currently beginning to form a trough at 25 as Price is pushing higher, this is mildly bullish at the moment.
If Price is able to close above $4175 in tomorrow's session, it will likely retest $4254 minor resistance before potentially retesting the upper trendline of the descending channel from November 2021 at ~$4300 as resistance . However, if Price breaks down here, the next likely target would be a retest of the uptrend line from 06/16/22 at ~$4100 as support . Mental Stop Loss: (two b2b closes above) $4175.
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 10% SPX, 90% Cash.
*Equities and Cryptos are getting smashed as DXY and US Treasuries rally higher. Quite simply this is a response to global recessionary fears (amplified by last week's disappointing global economic data) and a commitment by the Fed to continue FFR hikes for the rest of the year. It seems as though investors are preparing for more hawkishness from Jerome Powell's upcoming speech in Jackson Hole on 08/26; which leaves tremendous surprise upside to markets if he gives any hints of dovishness. Key Upcoming Dates: S&P US August PMI at 945am EST 08/23 ; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently trending down at $4138 and is still technically hanging on to $4175 support. Volume remains Moderate (high) and has favored sellers for two consecutive sessions; Price is currently trading in the second largest medium-term supply/demand zone on the chart. Parabolic SAR flips bullish at $4323 (this coincides with the 200 MA + the upper trendline of the descending channel from November 2021), this margin is neutral at the moment. RSI is currently trending down at 51 with no signs of trough formation and is technically testing 52.68 support; the next support is the uptrend line from 01/27/22 which coincides with 38 support. Stochastic remains bearish and is currently testing 18.32 support with no sign of trough formation. MACD finally crossed over bearish today after 56 days being bullish and is currently trending down at 74; the next support (minor) is at 55.35. ADX is currently trending down at 29 as Price continues to fall, this is neutral at the moment.
If Price is able to bounce here it will have to close above $4175 resistance to flip it back to support before it can attempt to retest $4254 minor resistance . However, if Price continues to break down here, it will likely retest the uptrend line from 06/16/22 at ~$4k psychological support . Mental Stop Loss: (two b2b closes above) $4175.
10 yr TBonds We should all be aware that USA 10yr treasuries pumping up is bad news for all risk assets.
And mix that with DXY pumping and we get bear markets like most of 2022.
But I remain steadfast that the W4 isn't completed yet, the 382 is around 2.4% & ema 100 is
around 2.24% on 3D so this is likely the B wave of the ABC down of the minor 4th and should finish in Sept leading to the final push W5
TESLA Short Position - double top (NEW)Our expectation is that the price will drop to the support level. The chart shows us double top pattern but we should wait the 830 usd support level to break in order to enter short position. In addition, MACD indicates that the price will drop. Further, divergence for many indicator shows us that 938 price level was selling time and the price should drop after this price level is reached.
a great RECOVERY in INFOSYShey guys ,
we are seeing that IT SECTOR was in a complete state of RECESSION,
but now this sector has recovered and showing signs of UPTREND
therefore,
IT SECTOR'S main stock - INFOSYS ,
this stock is showing the signs of recovery ,
this stock was moving in a downtrend and now this stock has crossed it's RESISTANCE
and now it has RETESTED and has shown a great big GREEN CANDLE .
therefore, try to grab this opportunity and earn high returns.
also , the 20 day ema is above the 50 day ema
which show's that this stock is in a uptrend
SPY: MAKE OR BREAK TIME💥🔸️Ticker Symbol: $SPY 🔸️Timeframe: 4H 🔸️Investment Strategy: Neutral
TECHNICAL ANALYSIS: $SPY is currently at a very critical level in the market at $423. Two scenarios can play out in my opinion. If we do reject off the middle deviation level on our bull regression trend indicator, I can see the SPY increasing to its previous resistance level of $425. However, if we do end up breaking below this level of $421 the next levels of support are not until $416 and then $412. Leave comments below on what investment strategy you are playing!
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TTITechnical only :
Adding to my watch list in order to get a direction from the market.
There is a positive and a negative scenario.
Positive scenario - W pattern - Our first entry will be above 4.20 and our second entry will be above 4.50 with potential target of 5.75$.
The negative scenario - Below 3.76$ we will jump in to short position and even increase my holding if we will break the important 3.55$ level.
Our potential target will be 2.7 and than 2.35.
DYOR 🙊🍒
Manage your own risks
dxyDXY is right on the 786% of the recent A wave down from the top of the Minor 3rd peak in June 2022 & it looks like a classic Flat correction ABC.
So DXY has limited upside & I think crypto will bounce soon into C wave until mid sept then finally DXY starts the 5th wave to $111 bull market top.
Which will be the crypto & stock market bottom
HDFCBANK Long Term AnalysisWe expect that the price will increase. After neckline of inverse head & shoulders, the price have started to increase as expected. RSI is overbought therefore we expect the price to pull back and test the support which would be our entry for long,
Moreover, Gator shows us that the price will increase.
Stop loss below the neckline of the pattern.
The target level is shown in the chart.
BUY oppertunity for TIME TECHNOPLAST hey guys ,
TIME TECHNOPLAST stock was moving in a uptrend in a fixed area
and now this stock has touched it's support area and made a candle called
A MORNING STAR
i have marked the RR RATIO for you ,
you can see the target and sl by zooming in the above image
RR RATIO is 3:1
try to trade according to that ratio or adjust it accordingly to you
TIME TECHNOPLAST 😀😀
APPLE Short Position (NEW)We expect that the price will increase to the 180 price levels and then the price will drop to the 160 price levels. RSI is overbought. On 4h we can see that potential bearish divergences forming , but we still wait for bearish divergences on 1D timeframe to get more confirmation which may come at the key resistance.
Entry, stop-loss, and target levels are in the chart.
spx500Hello everyone,
We have a very clear 3 wave structure here that has extended the 3rd over the 1.618% fib extension after breaking up from the ending diagonal in the intermediate 4th wave position. I wouldn't expect SP500 to fill the 3,800 or 3,600 gap anytime soon guys. So I think 4,000 or maybe , possibly over shot 3,900 worst case IMO. The 1 fib level will likely hold as strong support, but let's see.
We also know our buddy Jim Crammer is bearish, so there's that...
SPX Daily TA Neutral BullishSPXUSD Daily neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash.
* The Fed Minutes confirmed preexisting knowledge that inflation is still the primary concern for the economy (making this release a low impact event) and that more downsizing of the Fed balance sheet + another 50bps is the baseline scenario for the next FOMC meeting on 09/21. Fed Staff (FOMC) agreed that 3.4% is the current peak target rate for FFR, the current range is 2.25%-2.5% implying that perhaps two 25bp rate hikes will follow September's anticipated 50bps hike to end the year. Some participants (Fed members) commented on how commodities (primarily energy and food) are likely to keep inflation up in the near term, some Participants mentioned that the policy adjustments are already seeing a substantial effect but almost all agreed that most of the effects haven't been felt yet, and most participants agreed that they support rate hikes until PCE is closer to the 2% long-run target. July US Retail Sales stayed roughly the same as in June and posted ~0% change compared to estimates of 0.1% (sales are still up 9.2% from July 2021), this surprised many analysts who expected more spending with the recent significant reduction in gas prices. Key Upcoming Dates: S&P US August PMI at 945am EST on 08/23; US Q2 Final GDP Estimate at 830am EST 08/25; US July PCE at 830am EST 08/26; UofM Final August Sentiment Survey Index at 10am EST 08/26; Jackson Hole Economic Symposium on 08/25-08/27.*
Price is currently testing $4254 minor support after being rejected by the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4325. Volume remains consistently Moderate and broke a three day streak of buyer dominance with a seller dominated close in today's session; this was a capitulation type of initial reaction which is indicative of a critical resistance. Parabolic SAR flips bearish at $4220, this margin is bearish. RSI is currently testing 68.42 support after forming a soft peak at 73. Stochastic is bearish and currently trending down at 87; it remains in the 'bullish autobahn zone' which is mildly bullish at the moment. MACD remains bullish but is beginning to trend sideways as it forms a soft peak just above the ATH (91.78) at 93.54; it has been bullish for 54 days now, implying that perhaps this is more than just a bear market rally. ADX is currently trending up at 31 as Price continues to push higher, this is bullish at the moment.
If Price is able to bounce here at $4254 minor support then it will likely retest the upper trendline of the descending channel from November 2021 + the 50 MA at ~$4300 as resistance . However, if Price loses $4254 minor support , it will likely retest $4175 support before potentially retesting the uptrend line from 06/16 at ~$4k psychological support. Mental Stop Loss: (one close below) $4226.