Details view of market in upcoming days (18-03-2024)

 

We will look for multi time frame analysis on nifty for upcoming view

Nifty on DAILY timeframe

Forming  rising wedge chart and inside bar candle pattern

NIFTY formed a Double Inside Bar on Daily Chart. 

Nifty has been moving within a parallel channel for some time now, gradually rising but struggling to maintain levels above ATH. 

Rising channel usually breaks to the downside only. Should it break this channel along with the support level of 21850, we could see a down move of 300-400 points. 

The next support level is at 21550, which is also the low from the previous month. However, it is important to wait for a clear breakdown before selling, rather than acting on anticipation. If it does not break this level within this week, the Nifty is likely to continue its slow and steady rise within this channel. For a better 

understanding, please refer to the chart below

 

Positional analysis on Nifty 

 

Negative divergence on RSI and MFI

Volatility divergence on Bollinger Bands

MACD is sell signal, raw MACD line sloping down

 

On lower timeframe data ( 15mins)  22200-22500 seems to be the distribution zone. Smartest selling on 6th March 2024.

20200-20300 levels now strong resistance zone.

Any bullish view only after Nifty can close above 22500 for two consecutive days

On Nifty monthly chain. 22000-22300 strikes saw OI buildup where calls sold outnumbers puts sold on this strike by a large margin, so strong bearish pressure from this zone.

22000pe now has the highest OI on the PE side on monthly strikes.

What strikes is the liquidation of the 21700pe, that's the unusual action

Nifty ....... 22023

Strong support....... 21332

Weekly chart Gap filling level support .... 20280

Just a view points,do your analysis before making any decisions 

 

THE KEY POINT OF G20 BHARAT

 The G20 Summit is over

India got pretty much everything it wanted

Here's everything India achieved in 5 points

. Consensus on Ukraine This was THE issue that was going define how the world saw India's stewardship of the G20 That's because the grouping was divided on the Ukraine war While Russia and China wanted to avoid discussion on Ukraine, Western nations wanted to condemn Russia

This issue has blocked consensus throughout 's G20 Presidency Had Delhi failed to achieve consensus and release a joint declaration, the G20 summit may have been described as a failure Eventually, a compromise was brokered that significantly toned down criticism of Russia

It was widely accepted (including by me) that India would be unable to forge a consensus on Ukraine We were wrong Delhi managed to get a joint declaration which will go down as THE big takeaway from this summit It will prove beneficial to India's diplomatic reputation

. African Union becomes G20 member The 55-nation AU became a member of the G20 today This was a significant move for India, which has try to project itself as a Voice of the Global South New Delhi can now concretely point to its record of pushing developing country concerns

. Economics Two major things stand out: debt relief and reform of international institutions On debt, poor countries have been struggling since the COVID-19 pandemic with high debt levels Efforts to work together & bail them out (including by the G20) have been slow

India managed to speed up this process by getting consensus to help new countries like Ghana, Zambia and Ethiopia The major story was also reform of institutions like World Bank & IMF Experts have called for them to lend more money for climate change & to help poor nations

At this G20 Summit, countries agreed to consider major recommendations to reform these global institutions This will allow them to spend billions on global priorities over the next decade Besides this, progress on highly complex global tax reforms also took place

. Technology First, countries agreed to consider regulations on cryptocurrencies given the threat they pose to the stability of the financial system Second, India successfully pushed Digital Public Infrastructure (basically Aadhar, UPI) as a means of financial inclusion

This is expected to help India to export its homemade tech solutions across the developing world This further boosts its international reputation as a provider of global solutions

. Climate Change The India-led Global Biofuel Alliance was also launched today The goal: To "take an initiative at a global-level to take ethanol blending in petrol up to 20%" This is part of India's larger clean energy push & will help boost 's image abroad

Nifty levels and view for expiry (7sep)

 Expiry Plan

Last 30 Minutes One sided Rally Created yet Another Hammer on Daily Chart. Looks like there's Competition of Candles on 'who makes the Best Hammer' 

i) NIFTY Did Manage to Close Above 19600, But such EOD Rallies need Followup on Next day with Gapup Open, Else There's High Chances this move gets Converted into BULL TRAP. 

ii) 19645 & 19735 Immediate Resistance for Nifty & these are strong ones as well. To Breakout with Strength above Such Past levels, Price needs a Pause for a Few Days and Hold at Higher Levels, above 19600 precisely. ELSE, Downside may begin Again below 19500 & this time for 19250 Breakdown. 

iii) Tomorrow Open if Flat & Buyer Show any Lack of Strength, NIFTY May Likely go for 19520 & 19490 test for Little Downtrending day. But, Obviously Buyer might keep coming for defense in middle levels, so it might turn into a Whispaw Day of Sorts. Best thing to do is Identify Good Location throughout the Day for All Entries. 

Overall Bias : Slight Bearish/Sideways Below 19600. 

Bullish above 19645+ 

Middle Zone for Compression & Premium Decay.

Nifty important support and resistance for tomorrow 

THE HISTORY OF INDIAN SENSEX

 Journey of Indian Stock Market*📈📈

*1979* - Sensex = *100*,

*1983* - Indian Cricket Team winning World Cup. Sensex = *212*,

*1984* - *Indira Gandhi* shot dead & Bhopal Gas tragedy. Sensex = *245*,

*1989* - *Hung Parliament* with Congress outside support. Sensex = *714*,

*1991* - *Rajiv Gandhi* assassination. Sensex = *1168*,

*1993* - Blast in Mumbai. Also at BSE buidling. *Riots all over*. Sensex = *2281*

2001- Gujarat *earthquake*. Sensex = *3640*,

2004- UPA coming to power with Left party support. Sensex = *5591*,

*2006* - Sensex conquering = *10000*,

*2007* - Sensex conquering = *20000*,

*2008* - subprime crisis

Crude oil rising upto $ 147.

Sensex below 9000

*2010* - Satyam *scam*, Common wealth scam. Sensex = *17590*,

*2013- Fed taper tantrums 

 

*2014* - *BJP* alone conquering *283 seats* in Lok Sabha and NDA coming to power with 330 seats. Sensex = *25000*.

*04/03/2015* - Sensex = Life Time *High* *30025*..! 

2016- Demonitisation 

2018- carnage in small caps 

2020- Covid. Sensex back at 25900 on 23 march 

2022-2023 Russia Ukraine war , 525 bps rate hikes by fed

 

Sensex at 65000…. 650 times 

Downturns are temporary 

India story is structural 👍

Be disciplined ..

TOP 5 STOCK BEOKER IN INDIA 2021

 TOP 5 STOCKBROKER IN INDIA 2021

If You Are Looking In Search Of A Good Stockbroker You Have Landed On The Right Page. In This Article, You Will Get To Know The Top 5 Stockbroker In India 

Investing in the stock market has become one of the most sought investment methods nowadays. Due to ease of investment, convenience, and liquidity, investors have started looking for the TOP 5 STOCK BROKERS IN INDIA

If you are thinking about seriously investing in the stock market, then you need a broker who has good infrastructure in terms of platforms and connectivity. So it is important that you open your account only with the top 5 stock brokers in India 2021 for your trading needs.

WHAT DO STOCKBROKERS DO?

A stockbroker is a middleman who has the authority to buy and sell stocks and securities in a stock exchange on the investor’s behalf

Stocks are traded through exchanges. However, an investor cannot directly trade in stock exchanges. To buy a stock or sell a stock through exchanges, you need an intermediary who will help you with the transaction. This middleman can be a person or a company that is authorized to buy and sell stocks and other securities on your behalf. Such a person or a company is known as a stockbroker. Stockbrokers are generally associated with a stockbroking firm, but they can also be independent people. For providing this service, a stockbroker charges a commission or a fee.

TOP 5 STOCK BROKERS IN INDIA 

1. Zerodha

Zerodha is  India's biggest stockbroker offering the lowest, cheapest brokerage rates for futures and options, commodity trading, equity, and mutual funds.

Zerodha works on an online discount brokerage model wherein only online trading services are offered to customers. It heavily uses technology to serve its customers and has very few branches & offices.

BROKERAGE - Zerodha offers 20rs/- per trade plan which is exclusively very cheap in the broking industry from the beginning 

CLIENT BASE - Zerodha having a good client base in terms of its competitors in the market, it has approx  3,602,074  active clients which are working actively

PLATFORM- Zerodha having a great trading platform called kite it has an easy and good user interface web and mobile both platform

2. Upstox

Upstox is a Mumbai-based discount stockbroker. Upstox offers a fast, reliable & easy-to-use trading platform for traders in the Indian stock market. Upstox is an online investment brand of RKSV Securities. Incorporated in 2009, RKSV is a Mumbai, India-based SEBI registered financial service provider.

BROKERAGE -  Upstocks offers 20rs/- per trade plan for buying and selling for securities

CLIENT BASE - Upstocks having a good client base, it has approx  2,141,095 active clients which are working actively

PLATFORM- Upstocks having a trading platform called Upstocks pro it has an easy order placing the facility 

3. Icici Direct

ICICI Direct is a retail trading and investment service of ICICI Securities. It offers services online as well as through a network of branches across India. ICICI Direct offers a 3-in-1 account, a combination of a saving bank account, stock trading account, and a Demat account.

ICICIdirect is the largest retail broker and financial product distributor in the country trusted by over 50+lac customers with over 2 decades of service 

BROKERAGE -  Icici Direct offers 15s/- per trade plan for buying and selling securities for intraday

CLIENT BASE - Icici Direct having approx  1,580,233 active clients which are working actively

PLATFORM- Icici Direct having a trading platform and it provides the best facility called margin funding at just 8.9% p.a. 

4. Angel Broking

Angel Broking Limited is one of the largest independent full-service retail broking houses in India committed to providing accurate and widespread data for every online share trader

Angel Broking is an Indian stockbroker firm established in 1987. The company has more than 8500 sub-brokers and franchisee outlets in more than 900 cities across India. The company's services include online stock broking, depository services, commodity trading, and investment advisory services.

BROKERAGE -  Angel Broking offers 20rs/- per trade plan for buying and selling for intraday

CLIENT BASE - Angel Brokinghaving approx  1,564,667 active clients which are working actively

PLATFORM - Angel broking having a good user interface in mobile app and have so any feature including margin funding and investment in a mutual fund, IPO, and other schemes also.

5 . IIFL Securities

IIFL Securities Limited (Formerly India Infoline Limited) is one of the largest independent full-service retail and institutional broking house along with being a leading investment advisory firm in India providing diversified financial services and products to corporates, institutional investors

IIFL Holdings Limited d/b/a IIFL and India Infoline is an Indian diversified financial services company headquartered in Mumbai. The organization was founded by Nirmal Jain

CLIENT BASE - Iifl Securities  having approx  291,730 active clients which are working actively

PLATFORM - Iifl Securities having a good user interface which traders and investors can find and place orders in very little time.

A good broker will provide full service to his/her client. this is for knowledge purpose choose your broker which you trust the ost . in this article you can know how to choose a good broker in multiple types of facilities

THANKS FOR READING.

  5 Great Books for Stock Market Beginners

Books are considered the best friends of humans in a real sense, and it is said that they are also the best companions of humans. They play a significant role in humans life. Books give plenty of joy to humans, and they learn a lot of things from books. They take them into a unique world of imagination and improve their standard of living. And when it comes to money investing. we must read about the  Books for Stock Market Beginners

Here is a list of some of the most essential Books for Stock Market Beginners.

1. The Intelligent Investor-Benjamin Graham

Mr. Benjamin Graham, the mentor of the greatest investor of all-time Mr. Warren Buffet wrote this book. It is called the bible of the stock market for good reason.

The fundamentals of the stock markets are explained brilliantly. There are 3 parts to this book. First, investing approach taken by a defensive investor. The second and Third concepts explain market behavior and risk management.

 

2. The psychology of money- MORGAN HOUSEL

The psychology of money is the study of our behavior with money. ... It's about behavior. And everyone is prone to certain behaviors over others. Once you become aware of your tendencies, you can harness the power of your own mind, your thoughts, and your will—and you can literally change your life

The Psychology of Money by Morgan Housel is comfortably the best personal finance and investing book I've read. ... This is a break from the convention of a typical book, which is to make a few good points and then waffle on endlessly for over 300 pages 

3. Rich Dad Poor Dad - Robert T Kiyosaki

Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing.

Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education

4. How to Make Money in Stocks - William O’Neil

How to Make Money in Stocks is a seven-step guiding reference for minimizing risk and maximizing gains to build a generation of wealth for investors. The book is enlisted with strategies that allow for finding winning stocks before making big price gains. It also provides tips for better investment of money in stocks, mutual funds, and ETFs to maximize gains

5. Stocks to Riches – Parag Parikh

The entire truth of the stock market in India is explained by Mr. Parikh excellently in the book

.

The book itself is written in very simple and understandable language. The book highlights the mistakes you could make as an amateur investor. Remember, learning from your own mistakes is not free in the stock market as a lot of money is at the stake.

So these are some of the important books for stock market beginners. we will come back with some advanced books for experience and technical analysis

Top 5 Free Charting Platform

 

HERE ARE THE TOP 5 FREE CHARTING PLATFORM

The trading chart displays information that can help you decide when to enter and exit a position. There are many kinds of trading charts: bar charts, line charts, point and figure, market profile, and candlesticks. For this example, we’ll focus on the Charting platform, Which is available for free and these are commonly used chart types.

1. Trading view

TradingView is a cloud-based charting and social-networking software for both beginner and advanced active investment traders. Basic charting, research, and analysis information are available with a free account.

Trading View is an online web-based (works in a browser) charting platform with lots of useful features. You can use it to track prices and analyze Forex pairs, stocks, cryptocurrencies, commodities, and many other tradable asset including government bonds.

2. Google Finance

Google Finance provides real-time market quotes, international exchanges, up-to-date financial news, and analytics to help you make more informed trading The google finance function allows you to import real-time financial and currency market data straight into Google Sheets. As well as enabling you to track current stocks and shares information, it can also be used to retrieve historical securities data

Google Finance is one of the best places to get a large volume of stock quotes and financial news as you explore your various investment options before investing your money. In addition to having a ton of outstanding information on thousands of companies, Google Finance also has an excellent Portfolio tool

3. ChartInk.com

Chartink.com provides tools for technical and fundamental analysis. We provide the following tools free of cost. Candlestick & PnF Charts. Custom Stock Screeners. Intraday Charting & Scans.

Chartink provides tools for technical and fundamental analysis. It provides the following tools free of cost. Candlestick & PnF Charts, Custom Stock Screeners, Intraday Charting & Scans, Stock Watchlists, Historical Price Data Back to 1980, Accurate data directly from Exchange

4. Investing.com

Investing.com India serves traders of a wide range of asset classes with real-time charts & quotes along with news and analysis. this is a financial markets platform providing real-time data, quotes, charts, financial tools, breaking news, and analysis across 250 exchanges around the world in 44 language editions.

5. StockCharts

StockCharts.com has the award-winning charts, analysis tools, and expert commentary you need to invest.

Stockcharts is a great charting service that offers plenty of value at its price points. They are definitely worth a look if you are shopping for a cheaper charting service that has a quality product. StockCharts is an award-winning charting tools provider that allows access to real-time intraday data.

These Are The Some Of Charting Platform Which Are Available For Free. In the Next Blog, We Will See More Like This.