Stalk the Stock: Expert Market Advice & Investing Insights

Yeah, I hope you all can hear and see me now, right? So I'll just come back again. I'll just repeat because there was some connection problem over there. So if you look at Nifty's daily chart success, there was a formation of a logic-analytic pattern during the session the day before yesterday. So till now, we have seen that no sector or any stock is positive. FMCG index had created some hopes in the morning. But we have been seeing FMCG index in a correct phase for some time now. So we had talked about FMCG index a few days ago that the consolidation has been low-braked. Which means a continuation of the downward negative momentum. And there is no risk fight here as well. IT index is trading in a channel. The structure of low-top and low-bottom is in this channel. Nifty's IT index is approaching 200 EMA which is 40,750 to 40,500. So 4750, 4750, 4750, 40,500 is the support. RSI is negative on the daily and momentum on the weekly as well. So IT is on the negative side. So after IT, if we see next sectoral indices, RSI of most of the sectoral indices will not be positive as we have seen in the correction. This is the Nifty Metal Index. More or less, the consolidation is in this triangle. So metals are consolidating within this triangle. There is support of 8,000, resistance of 8,500 and range of 500 points. Then we have oil and gas. Oil and gas has also braked the previous swing lows. The formation of low-top and low-bottom structure has continued. If we look at the weekly charts, the support of 200 EMA is still very far for the oil and gas index. Pharma index. Yesterday, there was a positive. And today, the most infected correction we are seeing is in the pharma index. The recent high in the pharma index, 22,000, 22,100, the black moving average you are seeing, the highs around the black moving average are not surpassed. RSI is negative on the daily charts. It is negative on the weekly charts as well. And on the weekly charts, RSI is still on the negative side in the Nifty Pharma Index. And then we have Nifty PSU Banks. PSU Banks has already been under the former. The pullback move that we saw recently in the markets, there was participation of private sector banks. Some private sector banks such as Kotak Bank were holding well. But there was no such participation from PSU Banks so far. So already when the market was going up, there was relative underperformance. And because of that underperformance, we are still seeing selling pressure in the PSU Bank space. RSI is still on the negative side in both the daily and weekly charts. Another PSU Bank sector that did not participate was the Realty Index. This Realty Index is in front of you. You can see that in the last few days, Nifty Realty Index has broken the most in the correction. There is no sign of reversal on the weekly and monthly charts. In fact, the previous swing low was also broken by the Nifty Realty Index. So more or less we have covered all the indices. We are seeing that today the momentum is very strong. It is very weak across the board. There is strong selling across the board. So weekly close will be very important. If the support range of 22,600 and 22,750 breaks, then it will indicate a continuation of the downturn. So we will watch out for weekly close. The screen is completely bad right now. That's why we don't do 3M. And if such weekly close is there, then we would see a continuation of the downturn going ahead. 22,800 and 22,750. Watch out for those levels. Apart from that, there is nothing in the sectoral indices where there is positive momentum right now. India Wix is a little positive. In RSI setups, the momentum is on the positive side. India Wix is there. We saw that Wix went up to 18-19 at the time of the recent events. There was a pull-up from there. But when there is uncertainty in the markets, because of the rise in uncertainty, there is definitely negativity which is going on in the India Wix. I hope you can hear me now. Am I audible, please? I am getting some comments on the YouTube section that I am not audible. Okay, I am audible over here. Yes, okay. So this is what the markets are right now. So no risk bites in the markets. The structure of the low top and low bottom is 22,800 and 22,750. This is an important support. And if this support gets broken, then this will indicate a continuation of the downward momentum. So weekly close has always been an important reversal pattern formation. But there is no follow-up move. And if there is no follow-up move, which is not a good sign for our markets. So now we will take some stock-specific queries that you have posted. Initial queries I will take from our Spokomo channel. You have explored RSI, you have traded. Yes, I think you will not get a smoothed version of RSI in the trading mood. So instead, you can try MSTD, I would say. Try the MSTD indicator. Here, the MSTD indicator and RSI's smoothed oscillator indicator, their crossovers are almost at the same time. So you can track the crossover theory over there. And for divergence, you can see a normal RSI. You can use it for negative-positive divergence. Amit, for intraday, please follow our 360 Research 360 channel. Where we give intraday trades. So intraday 360 is there. Or if you look at our terminal, if you use the desktop version, there is a section on research ideas on the app. But in this webinar, we focus more on the positional traders. For positional trading, there is no centralized momentum or positivity here. So it is better to be cautious. And if there are some signs of reversal, then we will look for it on the buying side. RIL and Vishal, Megawatt. So Reliance Industries, if we see on the daily charts, Reliance Industries, so on the daily charts, it is definitely around the previous swing low. This is around 1200-1180. The 200 EMA, the red moving average you are seeing, is the moving average of 200 weeks. So the exponential moving average of 200 weeks is coming around 1185. So around 1185, Reliance Industries has placed support for now. So there is no momentum, it is positive for now. But this is the only support that we are watching out for any kind of reversal. So yes, you will find this on the RISE app. But you will get MSCD. So I would suggest that you can go and try MSCD at the same time. And then we have a view on Repco Home Finance. Repco Home Finance, if we see. I am taking queries from the YouTube now. Today you can see that in a week, in fact, the weekly close of 200 weeks is coming below the exponential moving average. On the daily chart, there is already a structure of low top and low bottom. So there are clear negative structures. We have Repco Home Finance. Valiant Organics. Valiant Organics, if we see. Valiant Organics. The trend is very bad. In fact, Valiant Organics is such a stock where after listing, there is a consistent structure of low top and low bottom. And no risk bite has come there yet. So Valiant Organics is also having a negative structure over there. Narayana Ridhal. Narayana Ridhal is more into a consolidation phase. We can see. It is a sideways trend. It is not so bad. There is no big price wise correction of the trend. But at higher levels, the stock is around 1400-1420. So until the range of 14-1420 does not come out, it does not give a stock of closing. So do not expect a trend. And below the support is 1260-1280. 1260-1280. So more here. Relatively sideways trend. Reliance I have just covered yesterday. HEG weekly monthly support levels. We will see. We have already covered HEG. This is consistently negative. And the next support level that is coming in the stock is around 9500. So daily structure is weak. Weekly structure is also weak for HEG. Net pro pharma. Yesterday, after the results, when the lower circuit was applied here and there were such big volumes, it was a clear indication. And I always say that when you see selling in volume, then you will understand that the stock can underperform for a long time. So since the last two days, net pro pharma has been selling in volume. Weekly, monthly, there is no positive in any of the structures here. There is a support of around 815 below. As far as the stock is concerned, it has been corrected. Deepak nitrate is another stock where we are seeing the impact of results. So you can see that wherever there are good results in such markets, they have not been rewarded. But the bad results that have come, we have seen a solid sell-off in them. So we are also looking at Deepak nitrate. Selling is still continuing. Maybe daily or weekly. The next support that is coming in the monthly chart is around 1666. So as of now, it can go around 1666. IOC still continues. Lower top, lower bottom structures. There is a support of around 115, which is in the weekly 200 EMA of IOC. ONGC. Let's look at ONGC for now. Again, the same lower top, lower bottom. In fact, the previous swing low, which was a low of 30 December, this stock has broken it. Immediate next support will be of 222. And the major support monthly chart is 205. 222 and 205. This would be the next support to watch out for in this. Then we have Whirlpool. There is also a negative here. In volume-based selling, I always say that when you look at volume-based selling, you will understand that the stock is under-performing. In the monthly major 200 EMA, the long-term support that was there, that too has now broken in Whirlpool. So avoid any kind of bottom-fixing in such names where the long-term trends have also gone bad. If we look at HPCL weekly chart success, then the major support is around 294. At the moment, the momentum is negative. Daily, weekly, monthly on both. And around 294, the down move can be in HPCL. Ereda, if we see, Ereda still, daily on low top, low bottom. It is around weekly support. 165 will be an important support to watch out for Ereda. If the level of 165 breaks, then the major support in this is also around 135. So these are the levels you watch out for in Ereda. XMACO Rail. XRail, if we see, XMACO Rail. Daily, weekly. The support that is coming in weekly is around 128. So at the moment, the trend continues to be on the negative. If the support comes around 128, then you can use the stock in XMACO Rail. Satva Chintan Pharma. Daily negative, weekly low top, low bottom. Because yesterday's up move was with good volume. But many times in the stock, we have seen a news-based up move earlier too, whether in this phase or this phase. In between, if you look at the weekly candle, there is a bullish candle for a week or two. But here, the follow-up action is missing. Consistently, look at the weekly chart, the blue average. Ever since the stock has broken, not a single week has the stock surpassed the blue average resistance. So Satva Chintan also remains negative on the charts. Mufti Credo. If you see Mufti Credo on the daily charts, such as low top, low bottom, continuous, previous swing lows, then I think the stock has broken. Now, historically, the data is not that much. So support is not mentioned in the stock. But how to sell with volumes, bottoming signs, is not in the stock right now. Mahindra and Mahindra, full options. M&M, yes. Right now, the momentum is a little negative on the daily charts. It can come around 2879. Around 2880. There, you can see Varadji moving properly. In TCS, the previous low of TCS was around 3910. It is almost breaking here. So see today's closing. If there is a closing below 3910 in TCS, then it will be very negative. And then you can expect the target levels around 3780. SRF, fall option. Should I exit TCS? So SRF. If you see, in the chemical sectors, there is SRF, UPL, Navin Choudhury. All these stocks are strong. But today's market selling. On top of that, the negative results of Deepak Nitrate. After that, there will be unwinding in the chemical sector as well. Today's low stock loss will be kept on your long positions. Because it is trading around 20 EMA. If the low of 2740 breaks till now, then exit from the position of call options. Guys, we have next query which is on. I will take from the YouTube section. Sorry, I will stop from that section. MACD. Yes, MACD. You can use MACD. I can't see it properly on such a small screen. Which indicator have you put? But normal MACD you can watch out for. You can follow positive and negative crossovers there. Stocks in the watch list energy will wait for some weekly closing. After weekly closing, we can discuss more on Monday. RBNL weekly charts support 338. If the support of 338 is intact, then bounce back. If there is a bounce back in the market, then you can expect in the stock. So watch out for 338 support. In fact, the year's low was around 342. So, 338 is the important support that one should watch out for. So, I have covered all the questions which were listed. So, we will stop over here. I hope the webinars that we are doing are helping you out. So, this MACD was your query. Yes, this is RSI. Yes, this is RSI oscillator. But I am not sure whether it is a smoothed oscillator or not. Just check out if it is a smoothed oscillator. So, you can use out. If it is not a smoothed oscillator, then you can shift to MSAD. So, we will stop over here. I hope the webinars that we are doing are helping you out. So, again, I will see you with the same approach on Monday. Till then, goodbye. Have a very nice day.