NIFTY 50 EOD ANALYSIS 6-1-22
On this publish, I speak concerning the evaluation for the day and the buying and selling vary for tomorrow. The video discusses with the assistance of the charts how the indices in addition to main shares carried out in the course of the day and their probably play tomorrow.
O 17768.50
H 17797.95
L 17655.55
C 17745.90
EOD -179.35 factors / -1.00%
SGX 6-1-22 @ 1855h = +36
FII DII = Not but obtainable
CHART BASED CONCLUSIONS utilizing 5 Minutes Chart
Nifty opened under 17800 after which saved drifting like a typical bearish wave and made a low of 17655 when it discovered some shopping for curiosity.
By then it was nicely previous midday after which it made a sluggish restoration with numerous wobbling however every such incident made a better low and a better excessive which helped it shut the day above 17700.
Nifty has made a decrease excessive and a decrease low.
NIFTY WEIGHT LIFTERS & DRAGGERS
Prime 5 Lifters contributed = 22
Prime 5 Draggers contributed = 120
Internet = -98
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Prime 3 Lifters contributed = 26
Prime 3 Draggers contributed = 228
Internet = -222
POSITIVES
managed to have its OHLC above 37000.
A number of the Auto shares managed to remain constructive.
NEGATIVES
Reliance (NS:), HDFC (NS:) twins, IT twins have been overwhelmed up badly. Restoration could take some time.
The volatility was very excessive though the charts could not replicate the identical.
continues to rise even on an EOD foundation.
TRADING RANGE FOR 06 JAN 22
Nifty assist = 17400-500
Nifty resistance = 17750-800-850-900
Financial institution Nifty Assist = 36000-200
Financial institution Nifty resistance = 37600-800-38000
INSIGHTS / OBSERVATIONS
- This tweet sums up what was on the playing cards and what occurred as quickly because the markets opened:
https://twitter.com/UmeshRindani/status/1478956368014950400?s=20
- Right here is an attention-grabbing remark re Nifty:
https://twitter.com/UmeshRindani/status/1479070943083257864?s=20
- Yesterday, Financial institution Nifty lifters had contributed 50%+ of the entire positive aspects. In the present day, they merely switched sides and have contributed your entire fall on EOD foundation. That is the ability of the journey of HDFC Financial institution (NS:), ICICI Financial institution (NS:), and Kotak Mahindra Financial institution Ltd (NS:). It’s best to remain on the correct aspect of their strikes than in opposition to.
- Seems like the massive heads of IT are pricing in a not so nice Q3 outcomes. Infosys (NS:) fell 5%+ from its excessive and TCS (NS:) fell 3%+ from its latest highs. The earlier quarter TCS had registered an ATH simply forward of its outcomes.
- There have been 4 gap-up candles of Nifty in a row and it seemed like one thing was hanging within the air and at this time additionally it seems to be within the air however on the draw back. This may be seen on the every day charts.
- Nifty’s EOD value is just under the low of 5-1. This means that the bears had been fairly sturdy in holding Nifty decrease even because it was attempting to get better with the expiry day pull-up actions.
What do you’re feeling about this?
Right here is the hyperlink to the video:
https://youtu.be/jnhLdw7BmQQ
Thanks, and Completely satisfied Cash Making!
Be aware –
Not SEBI registered
The publish is for instructional & informational functions solely.
