06OCT2021

6 oct. 2021

Global markets (Last Session):
🟢 US markets closed higher paring most of the losses of previous session. But Rusell 2000, smallcap index closed lower.
🟢 European markets opened posItive & maintained the gains till end of sessions. Closed higher with 0.95% to 1.25% gain.
🔴 US 10YR yield rose 3.17%. DXY re to 93.97 mark. Crude oil shoots up another 1.53% and trading above 82.5 at 3YR high.
🔴 DXY after 3 days of cool off has started rising again and trading above 94.02. Seems like it was BO retest after BO.

News And Additional Data:
🔴 Investors optimism outbit worry about the rising commodity prices, inflation, tax hike & tapering, Evergrande crisis.
🟠 Indian equity markets have complete disconnect with the global markets & have outperformed its global peers by miles
🔴 Rising commodity prices & surging crude oil above 82 will turn out to be a major concern for the emerging economies.

Indian Indices Last Session:
🟢 #Nifty opened gap down but seen strong buying interest at lows. #Nifty closed the day near day high with 0.7% gain.
🟢 #BankNifty had a gap down too and remained volatile for the first half. Later joined #Nifty to close with 0.34% gain.
🔴 #Long buildup seen in #Nifty with PV breakout above PDH, Both indices closed strongly near the highest point of day.
🔴 FII's were net seller of 3185+ cr ignoring option figures which could be for hedging. DII were net buyers of 1868 cr.

Technicals:
🟢 Nifty RSIStairs cooled off in daily TF but it remains overbought in W/M. D(67.00), W(75.45), M(79.74) & ADX D(39.66)
🟢 #Nifty trading above all the major moving averages 20/50/100 in D/W time frame. Took support near the 20 DEMA 17503.
🟢 #BankNifty also trading above all the major averages 20/50/200 DEMA. #RSIStairs on verge of a fresh breakout above 60.
🟠 With quarterly results ahead, market may not be in hurry to correct anytime soon. May consolidate for first 2 weeks.

Global markets (Morning Cues @07.45 AM):
🔴 Asian markets trading lower. SGX trading trading flat indicating a muted opening in the Indian benchmark indices
🔴 US & Europe futures trading lower after strong buying in previous session. Rising commodity price remains a concern.

Intraday Index Futures Levels
🟢#Nifty Fut 17556/17618/17690/17746-17875/17905/17935/17975. RDX Score- 15M(+6*)/75M(+5*)/1D(+5*)/1W(+6*) #Bullish
🟢 #BankNifty 37185/37375/37525/37749-37913/38048/38173/38345. RDX Score- 15M(+4*)/75M(+2*)/1D(+3*)/1W(+4*) #Bullish
#MarketOutlook #TradePlan #PreOpenUpdate #IndexFutLevels #01OCT2021 (View all levels only at 15M candle closing basis)

Intraday Index Trade Plan
🟠 After 2 days of strong gains, Indian benchmark indices may consolidate or see some profit booking near supply zone.
🟠 #Nifty trading & sustaining below 17747 on 15 MCB will become weak. Profit booking can be done around 17935 levels.
🔴 We will #Hold & #TrailSL the bullish #BTST #BullishBrokenWingStraddle (-2x ATM PE, -1x ATM/OTMCE) created yesterday.
🟠 New trades to be taken basis stairs signal in 75M which automatically updates in the telegram channel through bot.

6 oct. 2021

Note

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.