Tuesday, January 24, 2023

Indices trade lower with Nifty around 17,900, Sensex falls 600 pts; midcaps under pressure

Indian markets experienced a sharp fall on January F&O expiry day. There is no trigger, but the market is looking nervous ahead of the Union budget. The market is following last year's pattern because, in 2022, the Nifty saw a doji candle (which indicates a range-bound move) in the second and third weeks of January, followed by a sharp fall in the final week of January. 

However, that sell-off was a buying opportunity because then we saw a sharp post-budget rally. So, as per the template, we can expect a post-budget rally in the market. 

Technically, Nifty is near the critical support level of 17,800, and if it falls below this, then 17,625 and 17,425 are the next support levels. On the upside, 18,200 is a critical hurdle; above this, we can expect a rally toward 18,500 and 18,650 levels.



Saturday, January 14, 2023

10 & 13 Jan 23 Morning setup similarities

Check Sup & Res using 5 min chart?
Also check any Trend line sup/res.



Friday, January 13, 2023

Tuesday, January 10, 2023

11Jan23- Resistance == 1st Candle low


10Jan23-Averaging strategy applied by VP financial

https://www.youtube.com/watch?v=OuzCKZyDvpk

Q Price
Buy 25 416 10400
Buy 25 362 9050
Buy 50 293 14650
Buy 50 278 13900
Buy 50 280 14000
Buy 50 260 13000
Total 250 75000
Sell 250 346 86500
P/L 11500






Sunday, January 1, 2023

Banknifty Setup: Prev Day HighLow break and Strong momentum

1. Mark Prev day's High & Low.
2. Take trade after breaking out both H&L and retesting the level(High/Low).
3. Expect strong movement.