Quotes edited from chat:
After the Nifty broke his 6-day winning series on Friday, how do you bearish or bullish for a view before the end of the August Gust series next week?
After several days of benefits, the Nifty breathed on Friday, which looked like a pause before the next step. The index is sustaining above 50 EMA, confirming short -term uptrend. Upon loss, support is placed at 24,800; As long as it is above this level, the trend is likely to be strong with the possibility of rising to 25,000/25,250.
The Nifty Bank erased all its benefits during the week. What are your goals for a short week of ahead?
The bank continues to weaken the Nifty Nifty, posting a lack of performance during the week. On the daily chart, the index has broken down under its recent consolidation and slip under 50 EMA. On a weekly chart, it is rejected to 20 EMA, where it is expected to support and try reversing. However, if it falls below 54,950, it can extend the decrease of 54,500. On the side of the side, the resistance is placed at 55,500, and the spirit is likely to weaken until the index trades below this level.
Since Sebi’s Jane Street order came out, the market has seen a slight impact on F&O volumes, especially on the days of expiration. Once the BSE and NSE Expiry Day swap came into effect from September, do you think the volumes can affect?
Immediately after the ban, the volumes saw a sharp decline in about 30%. When they eventually recovered to some extent, they did not return to the pre -gen street level. In the short term, the negative impact on volumes can still be experienced; However, in the long run, there is a possibility of excessive driving in widespread partnership as traders use expirizes of both NSE and BSE.
How will your Nifty trading strategy be shifted once we have an end to Tuesday? Do you think the first few weeks of a shift could be stressful for traders?
With the shifting at the end of Tuesday, the trading strategy for the Nifty options will require some adjustment. The first few weeks can really be stressful for traders as they correspond to the new cycle. The option premium potential will see the most intense time decay between Friday and Monday, which will make Monday more vibrant. As a result, Monday will be the second most important day for the Nifty option traders, in which the next position of Tuesday’s expiration has been actively reviewed or the fresh trade will be launched.
Ola shares were in the top gain in the week. Do you think the velocity will be sustained?
On the weekly chart, the OLA has failed to close the important average of 20 EMAs on the weekly chart, this is a bit negative for the price trend. However, if the stock moves above 48 in the early days of next week, it can move to 54/56. On the other hand, support is placed at 46.60.
Give us your top ideas for the next week
Buy Uno Minda Target on Jo 1266: 30 1330 | Stop loss: 1 1219
After a short consolidation on the daily chart, the shares have become high, showing the optimism of renewal. It trades comfortably from 50 EMAs, confirming the boom trend, while RSI has entered a bullish crossover after a breakout. In the near term, the trend is expected to be positive with a potential side ladder towards 1,330. Upon loss, support is placed at 1,219.
Lupine @ ₹ 1970 Buy Target: 50 2050 | Stop loss: ₹ 1924
Following the formation of a bullish haram pattern, the stock Higher wandered forward, which is a sign of a boom. Prices are sustained at 50 EMAs. RSI is in a bullish crossover. In the short term, the stock can move towards 2030-2050. While, support has been received in 1924.
X Xx Bank @ ₹ 1070 Sell Target: 40 1040 | Stop loss: 6 1086
The stock has slipped from its recent consolidation, indicating a growing bearish spirit. Moreover, he is trading below 21 EMA on a daily deadline. RSI is on the edge of the bearish crossover. In the short term, the stock can fall to 1,040, while on the sidewalk, the resistance is placed at 1,086.
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