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Transcript
00:00Hello friends, welcome back to our channel Finstop. Today we are with yet another episode of our weekly market analysis series.
00:16In this series, we analyze how the indexes have performed in the past week after the market closed on Friday.
00:28And for the next week, we make our strategy.
00:32And among the outperforming indexes, we involve them in our next week's strategy.
00:40As you can see, the second week of October has come to an end.
00:46In the third week, around the 18th of October, Nifty Bank, Financial Services, PSC Bank and Reality have outperformed Nifty.
01:01And among the negative performance, Auto, Consumption and MNC have outperformed Nifty.
01:13So now, on the basis of this performance, when we take out our stocks, we generally prefer the top three, which are Bank, Financial Services and PSC Bank.
01:25So, almost the stocks of these indexes will be the same.
01:29For this, we will include the fourth, which is Reality.
01:33And among these three, we will take out some stocks from the indexes of PSC Bank and Bank Index.
01:47So, this time we will consider Reality, Financial Services and Nifty Bank.
01:54PSC Bank's components are also included in Bank Nifty.
02:00So, for this, we will keep it aside.
02:03So, friends, now we will go to the trading view and analyze the stocks that we have screened out from these indexes.
02:14So, friends, you watch our videos, but you like them, share them with your friends.
02:21With this, if you are new to the channel, then subscribe to the channel and press the bell notification so that you will get updates of new videos immediately.
02:30And then you will be updated.
02:33So, now let's go to the chart and see each stock.
02:40So, first of all, let's do a little analysis of Nifty and Bank Nifty.
02:45So, now we will open the chart.
02:48We will first see the weekly chart of Nifty.
02:52We will analyze it.
02:54After that, we will analyze Bank Nifty.
02:58And then we will analyze the stocks that we have taken out one by one.
03:04So, friends, as you can see, the weekly chart of Nifty has opened in front of us.
03:11If you look at its structure, then higher highs are still going on.
03:15So far, the high that was made has not broken.
03:20Nifty has closed above it.
03:23But if you look at RSI, then RSI is now coming under 60.
03:28So, we can see a little under performance in this.
03:30So, Nifty can be a little weak in the coming weeks.
03:34So, this means that the bullish sentiment in the market will be a little less.
03:42It will be sideways or the market can come down.
03:46So, we have to keep a little careful watch on the market.
03:49And according to this, we have to make our strategy.
03:53And now when the market breaks this level, which is around 26,200,
04:02then the market will be ready to make new highs.
04:05Because this week, two weeks ago, there was a very big candle in it.
04:10Almost 4.5% Nifty gave a negative close, which is a very big thing.
04:17So, according to that, until Nifty does not break it and go up again,
04:22there will be no positive outperformance in it.
04:25And now we see Bank Nifty.
04:28So, this is the weekly chart of Bank Nifty.
04:30As we have been discussing for many days and weeks, we have made this channel.
04:35In this, Bank Nifty is trading.
04:38And until this range does not break and go out, there will be no outperformance in Bank Nifty.
04:44And if you see, the dotted line of this midline, it is respecting it.
04:49And until it goes up, and if it breaks this level, which is 53,300,
04:57then there can be a little outperformance in Bank Nifty.
05:00But this upper end will work as a resistance again.
05:03So, we will have to close Bank Nifty above that.
05:06After that, we can see a very good upside momentum in Bank Nifty.
05:11So, for now, we have to trade a little cautiously in Nifty and Bank Nifty.
05:15And if Nifty Bank Nifty is cautious, then obviously we will have to trade other indices cautiously.
05:22So, let's go to the sector analysis that we did one by one.
05:25The first was Bank, then Financial Services and Reality.
05:30So, we will do one by one analysis from bottom to top.
05:32So, first, let's see the stock from the reality sector.
05:35So, the first stock was DLF.
05:38Everyone knows that DLF is a very big company.
05:41Its projects are around Delhi.
05:43And see, you will see this chart of DLF now.
05:47So, we have already marked a pull and flag type pattern here.
05:52So, when it has closed above the upper edge of the flag,
06:00then there can be a very good bullish momentum.
06:04So, we have to make our strategy in this.
06:07So, when the DLF comes above the high of this week, which was 888,
06:13then we have to buy in this.
06:16And generally, when its target comes, then we project the pole of the flag above.
06:24So, according to that, this target comes out, which you can get 1307.
06:30And we have to think about the stop loss first because the market is a little negative sentiment.
06:34So, we have to take the stop loss below this range, which is here.
06:39We have to give a stop loss of 7% to 8%.
06:43Which comes around 813 or around 810.
06:46We have to build our position in this by giving a stop loss.
06:51And as we say, if the sentiment in the market is negative,
06:58then we have to follow our stop loss very strictly.
07:01Because we don't know if we don't take that stop loss,
07:04then maybe when it will come back to our buying level, we can't say.
07:09We don't know how long that down momentum will continue.
07:12So, for this, we have to follow the stop loss strictly.
07:16The next stock is Suntech Reality.
07:20Suntech Reality.
07:23This is the second stock.
07:25You can also see a very good breakout in this.
07:31This level was of January 22, 590.
07:36After seeing its breakout, there is a lot of trade happening around it.
07:41That means, sellers are not able to take it down.
07:45So, if there is a break on the upper side, then we can get a very good momentum in this.
07:52And if we look at the target in this, then we have to project this dip up accordingly.
08:00So, our target will come out to be around 900.
08:06Which will give us a return of 52%.
08:09And the stop loss is very easy to see in this.
08:12This is the support level below.
08:14We have to give a stop loss of 12% to 13%.
08:18So, it's very easy.
08:20We will buy above 600 or 590.
08:24900 will be our target.
08:26And we have to put a stop loss of around 530.
08:30So, this was our analysis for the two good out-of-the-way stocks of the reality index.
08:36Now, the next stock is Financial Services.
08:38The stock that we have taken out from it is HDFC Live.
08:45HDFC Live is the first stock.
08:47So, look at this.
08:49This is the weekly chart of HDFC Live.
08:52Look at this.
08:53This was the level that came in September 2021.
08:57Now, this trader is not going down for many weeks.
09:02So, when this level breaks, which is 753 or 755, we can see.
09:07If it goes above this, then we can buy in this.
09:11And our target will come.
09:13We have taken it out accordingly.
09:17Accordingly, if we project it from here to here.
09:21And if we put it up, then our target will be in it.
09:25Which comes out to be 999.
09:32We can expect a target of around 1000 in this.
09:35Which can give us a return of 32% from here.
09:38And the stop loss, as you know, is 8 to 10% of the swing.
09:43Which is 685.
09:45So, we have to enter it with a stop loss of 685.
09:49And if you look at its RSI.
09:52It is taking support at 60.
09:54Plus, look at the volume.
09:55The volume is also coming out very well.
09:56Meaning, volume-based buying is happening in this.
09:59So, this can give us a very good return.
10:03And now we see the second stock, which is SBI Cards.
10:10SBI Cards.
10:13So, we have opened the weekly chart of SBI Cards in front of you.
10:17If you look at it, the SBI Cards chart looks very negative.
10:21It is making lower lows and the stock is coming down.
10:24But now you will see that this is a support zone.
10:27Which has bounced back many times.
10:31You will see.
10:32And now here it has actually taken support 3-4 times.
10:36So, we can take a contra trade in this.
10:38But it will be very risky.
10:40And we have to put a lot of stop loss in it.
10:43So, if it comes around 690.
10:47And if it makes a bullish candle in a day,
10:51daily close day.
10:52Then we can buy in this.
10:54And we have to buy after the high of the candle.
11:01And the low of its previous candle, we have to put a stop loss.
11:05Or we can put a stop loss of around 650.
11:10And after that we will trade in it.
11:13And if there is a stop loss, then we have to take a stop loss.
11:15Because it is already a downtrend stock.
11:17We are just keeping it like a contra bet.
11:19Because it is coming close to support.
11:21So, after buying it close to support.
11:24If we get a good momentum upside in it.
11:27Then we can get out of it.
11:29So, if you see.
11:31So, if you catch around here.
11:33So, this is the first swing.
11:35Which can give you 15% return.
11:37And the second one you will get is this swing.
11:39Which can give you 77% return.
11:42And as we told you the stop loss.
11:44You have to buy around this week below.
11:47Which you have to buy around 650.
11:50So, friends, whatever stocks we discuss here.
11:53There is no recommendation of buying or selling in it.
11:56You study it yourself.
11:57Or discuss it with your financial advisor.
11:59And make a position in it.
12:01Otherwise, you can have a very big loss in it.
12:04So, if anyone tells you.
12:07Don't trust blindly on it.
12:09Study it yourself first.
12:11And then make your position.
12:13And as I tell you.
12:15Wherever you see this green line in this chart.
12:18I have already made my position in that stock.
12:21I have already told you this on those levels.
12:24So, this is done.
12:26Financial services.
12:27Now, next is the bank sector.
12:30And the first one in it is HDFC bank.
12:33So, this is HDFC bank.
12:35The weekly chart has just opened in front of you.
12:37If you see.
12:38So, HDFC bank.
12:39If you say for many years.
12:41Almost February 21.
12:43Means.
12:44It has been performing in the same range for 3-3.5 years.
12:47And has not given any return to people.
12:49So, people are very disappointed with it.
12:52But now you will see.
12:54So, after taking this continuous resistance.
12:56Here.
12:57Now this is the upper end.
12:59It is giving close around it.
13:01So, we can do a very good buy in it.
13:05If we see this range.
13:06If we plot it above.
13:07Then 16% return comes.
13:09And we have to keep the stop loss below it.
13:11Because it is weak.
13:13So, we get this.
13:15Almost 5-6% stop loss.
13:17So, it is a very small stop loss.
13:18And we can make a very good return in it.
13:21Which is after leaving above 1711.
13:23We have to make a position in it.
13:25And then we will get a target of 2000.
13:27And we have to take a stop loss.
13:29Which is around 1600.
13:31So, we will take a stop loss of around 1600.
13:34After 1711, we will buy in it.
13:36And we have to take a target of 2000 in it.
13:39Then next.
13:40And which is the last of it.
13:41That is Kotak Bank.
13:42Kotak Mahindra Bank.
13:45So, this is the chart of Kotak Mahindra Bank.
13:48I have opened it in front of you.
13:50In this also you will see.
13:51As it was the chart of SBI card.
13:53Similarly, this is the chart.
13:54Continuously it came down.
13:56So, in this range.
13:57This is the range after December 20.
14:00In this only it is trading.
14:02And now it is going near the upper end.
14:05So, in this also it is the same.
14:06The trend line which we have made.
14:08It has already got a break out.
14:10And after giving a break out.
14:12It has also retested here.
14:14So, if we will make a trade around it.
14:17So, we can take a trade in it.
14:19Or the candle which is made.
14:20After it's high.
14:21Which is of 1920.
14:22If we take a trade after it's high.
14:24So, for this target.
14:25Which is around 2250.
14:27We can see.
14:28This is our first target.
14:29It will be very good.
14:30And stop loss.
14:31We have to bring it in this range.
14:33Which is almost 6 to 7% call.
14:35So, we have to keep a stop loss of 1800.
14:37So, around 1920.
14:40We will buy in this.
14:41The target will be 2250.
14:44And the stop loss will be around 1800.
14:46So, according to this.
14:47We can make our position in this also.
14:50So, that's all for now friends.

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