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  • Learning

    BankNifty Futures – Week & Month Ahead

    Analysis for the period 24July 2021-30 August 21   BankNifty Futures Monthly Chart CMP 35040.90 If we see a monthly close on 30July21 above 36580, it would test 37770 and even rise till 42258 by Aug -Sept21. It is well supported at levels 32899 – 32905 and 34298 – 34305. BankNifty Futures Daily Chart CMP 35040.90 as below: Yesterday, 23 July 2021, could be a day of significant reversal as it made a Lower Low of 34405.50 and much closer to earlier Lower Low of 34440.00. Lower Lows close to each other is first sign of a bottom. Only thing…

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  • Learning

    5 Gems

    In announcing the Gems , we have tried to create a balanced portfolio of stable and aggressive stocks.  Kotak could be just at the bottom while Seamec and Jocil may come out of range play. Gujarat Pipavav for post-pandemic economic revival and Power Finance Corporation in Power Sector Keep hooked for the next release next week Gem 1 Kotak Mahindra Bank Ltd  Weekly Chart CMP 1723.00 If you notice, It is has bottomed. A Weekly Open tomorrow above 1750 is not time to keep watching. The stock did a Lower Low 1694.15 on 23July20 versus earlier Lower Low 1698.45 of…

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  • On the Occasion of Guru Purnima

    Pranaam to All! An event I would love to express. My early days as a Trader during 1996-1998, I would always be caught in a dilemma. Hesitancy was at its peak. System was in its infancy. To Act or not to Act? Removing the dilemma in trading had process related issues. And the other part was the ‘Self’. I once asked my village Priest who had taught me the exact way to pronounce Shri Sukth. Is there a Stotra for removing hesitancy?” And he said, “Yes!”. I was surprised that I did not know. He speedily said a few lines…

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  • Nifty

    Week Ahead: Bank Nifty Futures Weekly Chart

    Bank Nifty Future Weekly Chart for the week ahead 17 August. Below is the main chart for your reference. It is also low of week closing 13Mar20 as you can see on extreme left circled Last few weeks since 20June20 it is taking support on 21000 on Weekly basis with notable lows of 21025 and 21087 as seen in Value Chart presented as above. For any decisive breakout for a trend to emerge below this range of 21000 needs a strength candle close above below 21000. For any decisive breakout for a trend to emerge below this range of 21000…

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  • Learning

    Nifty Outlook Week Ahead: 03 Aug 20

    Daily Nifty Notable Value Charts for the week ahead. Nifty Futures made a Low 11025.05 as can be seen well in the expanded view below The Low 11025.05 is surprisingly right on the horizontal line on chart, coming from Low of 02Mar20 as seen below If Nifty Futures takes support at 11025.05 and then resumes its rise to convey the ‘Fears of Covid19’ are now in the backyard. As it first Hurdle, it would have a Gap (highlighted in green) as can noted below: The Gap is of 27Feb20 Low 11540.15 and High 11416.30 of 02Mar20. On Daily, the Low…

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  • Learning

    How to fix Targets for Investment Stocks

    In Monthly Chart take the Low of the last BH>50%CH Candle and multiply by 1.618 for the next month Target. Do it as a one-time activity at the close of every Month. Here is the Simplified Illustration for Asahi India as a Case Study (Fig.1) Condition: CCI 34 in Monthly Chart must be >+100. The stock must be in Momentum and that is gauged by CCI 34 staying above +100. If you are not aware how to analyze a BH>50% CH Candle, here is it. BH is Body Height of the Candle and is the Absolute Difference between Close and…

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  • Learning

    Nimblr’s Aura Constant

    All living persons, things, places or a noun has an “Aura” of its own. Nimblr liked the basic idea and felt that every number also has an “Aura” of its own.

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  • Learning

    Candle Shunting

    Candle’s Body Shunting is valid for momentum or Strength Candles in Nimblr TA Price Flow Analysis. Bullish Strength Candle: Whenever Close of a Star marked or Strength Candle closes above the Open with a Body Height greater than 50% of Candle Height i.e. BH>50%CH it is known as Bullish Strength Candle. (Fig.1) Bearish Strength Candle: Whenever close of a star marked or Strength Candle closes below the Open with a Body Height greater than 50% of Candle Height i.e. BH>50%CH it is known as Bearish Strength Candle. (Fig.1) Fig.1 Bullish & Bearish Candle WHAT DO WE MEAN BY SHUNTING? What…

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  • Candlestick

    Daily True Range (DTR) & Low Margin Cash Trading

    Daily True Range (DTR) as commonly referred is the Difference between High and Low to the Open of the Day. “Daily True Range has its importance in Day Trading where trades have to be squared-off by end of Day.” It revolves around trying to gauge any scope for further Intra day rise or fall in the direction of trade. It starts with noting the day’s high and low and the difference as a percentage to Open of the Day. It is a foot rule guide for measuring price flow in terms of percentages that can relate well to the percentage…

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  • Candlestick

    Reversal – When does it occur?

    When Reversals Occur! What is the likely starting event when it is time for Reversals? Reversals could be at a High to go short or at Low to go long Step 1: Reversal starts with a day’s High (higher than the previous two days high or a day’s low) that is lower than previous two days Low. What does a Day’s high that is higher than previous two days High look like? Below is a 15 min chart of three days to illustrate. (Fig.1) Fig.1 15 Min chart  In Fig.1, you will find that a High formed during the day…

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