13OCT2021

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Global markets (Last Session):
🟠 US markets closed marginally lower in a narrow range session. Dow/Nasdaq/SPX extended their losses by 0.35% more.
🟠 European markets had weak opening but recovered sharply in second half to close marginally lower with 0.35% loss.
🟠 US 10YR yield cooling of today to 1.572 level. DXY rose high to 94.516 mark. Brent crude fell by 0.33% to 83.31.

Indian Indices Last Session:
🟢 #Nifty had a gap down but seen strong sustained buying from very first candle to close at highest point of day @18008.
🟢 #BankNifty had a gap down but seen sustained buying from very first candle to close near highest point of day @38590.
🟢 Both indexes noticed buying with strong volumes despite global weakness specially from European markets. #VSABreakOut
🔴 FII's were net seller of 2931+ cr ignoring option figures which could be for hedging. DII were net sellers of 741 cr.
🟠 The biggest surprise is when FII/DII selling in such huge figures how can we see strong broad based rally in all caps.

Technicals:
🟢 Nifty RSIStairs has turned overbought in all timeframes D/W/M. D(68.17), W(76.71), M(80.22) & ADX D(37.59). Bullish
🟢 Nifty trading above all major moving averages 20/50/100 in D/W time frame. 20DEMA 17671. Bullish with cautious tone.
🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for another week
🟢 Till some major levels are broken DCB #Nifty (17275-17433) and #BankNifty(37765) trend & momentum in favor of bulls.
🟢 #BankNifty RSI has given a breakout above 60. Banking stocks likely to do well this quarter. Expect BO. 20DEMA 37676

Global markets (Morning Cues @08.30 AM):
🟠 US & Europe futures trading marginally lower. Cues bearish. Need to wait for a day to get the direction for the week.
🔴 Asian markets trading lower. SGX trading up by 45 points indicating positive opening in the Indian benchmark indices

Intraday Index Futures Levels
🟠 IDX Levels adjusted to an expected gap up. All TF bullish. Global cues negative. #ParticipantData FII/DII bearish.
🟢 #Nifty Fut 17743/17838/17879/17935-18059/18115/18162/18215. RDX Score- 15M(+6*)/75M(+4*)/1D(+5*)/1W(+6*) #Bullish
🟢 #BankNifty 38040/38175/38287/38378-38679/38778/38885/38967. RDX Score- 15M(+4*)/75M(+5*)/1D(+6*)/1W(+5*) #Bullish
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels (View all levels only at 15M candle closing basis)

Intraday Index Trade Plan
🔴 #Nifty trading & sustaining below 17880 on 15 MCB will turn weak. Good to #Short around 18859/18115 with protection.
🟠 Selling 18000 #Straddle post opening also can be good idea with 40% capital deployment. Rest required for adjustment.

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ملاحظة

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.

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ملاحظة

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🔴 Never gave #Short opportunities. Shorted CE and paid the price i.e. SL.
🟡 Straddle didn't enter as it opened above major level 18k and above PDH