Pre Market Report 2 September 2021

Indices View
Nifty
S 16930-50
R 17110-20

Banknifty
S 36340-70
R 36670-90

-TATASTEEL Formed Bearish Candle with Low Volume Yesterday R-1455
S-1391.

-INDUSINDBK Formed a Pin Bar On daily TF which indicates Selling Pressure From Upside R-1016 S-986

-TECHM Again Witnessed Profit Booking from higer levels & formed a Bearish Candle with Low Volume R-1453 S-1408

-UPL Formed Doji kind of candle It's looks like recovering from Sharp fall
 R-754  S-736
  F&O Top Mover: IEX HAVELLS EXIDEIND VOLTAS

 ⚡ Options That You Keep On I eye ⚡
NIFTY 2nd SEP 17200 CE
NIFTY 2nd SEP 17100 CE
NIFTY 2nd SEP 16900 PE


(The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.)

Comments

Post a Comment

Popular posts from this blog

Pre Market Report 9 August 2021

Supports and Resistances for short term Nifty levels S-16160-80 R-16260-80 Banknifty levels S-35470-500 R-35880-35920 -TATASTEEL as expected trading in between range on 1400-1480 any Brackout after this levels may cause a rally. -IOC as expected respected the support and bounced to 106. It is again a buy in dips as long as support is held. -Bharti has been rocking since mentioned around 519 on twitter and TG. Now hovering around a small resistance of 615-18 -Godrejprop beautifully respected the resistance and now is down. 1700 will remain the resistance zone. -Bajajauto continues to respect the support zone of 3740-50,expecting 3900+in days to come if support manages well. -Coromondel is where we have gone wrong and its support is broken,for any longs wait for it to reclaim 870+ -Kotak support of 1630 given few days back worked beautifully and now around 1780. Its near short term resistance, cautious approach is better. -Havells near resistance zone 1250-55 (The investments discussed o...
Read more

Let's talk about chart patterns

Image
TA patterns - expectation vs outcome I have had my fair share of encounters with these patterns in my early years of trading but could never get my head around it. It felt great to see this in hindsight but real markets always looked awry😅 Discretion at its purest form😊  Identifying these TA patterns is a big conundrum by itself. No question about it. Hindsight, everything will look like H&S if the probable trade worked and on the other hand, everything will look like no H&S if the mkt moved against the pattern 😅. It would be considered presumptuous if i say that indecisiveness that follows the event almost always kills the psychology of the trader.  Dozens of Qs would follow - am i looking at the pattern in the right way, should i wait more, setup lost its edge, SL related dilemma. The mental agony that ensues is a different topic altogether 😊 Typically, traders get creative with the patterns as well...It does not mean its wrong - but they almost nev...
Read more