NSE Market Intelligence – Updated Daily

NSE SLB Scheme

Date: 28-5-20

General market commentary – Market is going against fundamentals and the best thing is to enjoy the bullishness till it lasts. The bullishness should last till the RILghts issue is over on June 3, so be careful with positions after June 1.

1. Stocks that can start trending

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

QUESSCORP– Has formed a bullish engulfing candle on Day charts and volumes have increased.

IDEA – If Google is interested to take a small stake, Idea has a great future.

RPG LIFESCIENCES – Bullish engulfing Candle on Day charts. Looks bullish.

VINYL CHEMICALS – Been on a bull run last four days. can outperform if it crosses 120.

2. FNO Volume and OI Buzzers

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

BOSCH – Large rollovers indicate that buyers are confident it will do well in June expiry

POWERGRID – Large rollovers here too. Track this stock in June expiry

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Date: 27-5-20

General market commentary – Market went against fundamentals and slaughtered the bears. Still, it’s an uncertain and weak market because there’s no enthusiasm or reason to buy. Aside from institutions and professional traders, no one else is playing the market. IMO, the market is fattening itself for the kill.

1. Stocks that can start trending

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

JUST DIAL AND NMDC– Look very bearish on charts. However, they went up today. But may fall with a lag. So keep tracking.

IDEA, BHARTI AIRTEL – in bull zone. Telecom ops can now fix their own tariff.

ACC, SHREE CEMENT AND AMBUJA CEMENT – These stocks have entered bull zone. But may play out with a lag. Keep tracking.

2. FNO Volume and OI Buzzers

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

Volumes were surprisingly low in FNO today. Anyway, these were the key stocks.

IBULLS HSG– 15.4% increase in OI, and buying towards the close

MOTHERSON SUMI– 14.2% increase in OI, and buying towards the close

BRITANNIA – 11.3% increase in OI, and buying towards the close

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Date: 26-5-20 – Information valid for 27-5-20

General market commentary – It’s a sticky and unpredictable market that is not giving trading opportunities. Gaps are followed by retracements and nothing much happens thereafter. I suspect markets will be like this until the 1st week of June.

1. Six Stocks that can start trending

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

JUST DIAL, HDFC BANK AND NMDC– Look very bearish on charts. However, they may fall with a lg. So keep tracking.

ACC, SHREE CEMENT AND AMBUJA CEMENT – These stocks have entered bull zone.

2. Three FNO Volume and OI Buzzers

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout/breakdown. If it is above or below VWAP at 9.30 AM, draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out or down of next resistance.

MGL – 739% increase in volume, and buying towards the close

ADANI POWER– 375% increase in volume, and buying towards the close

VEDL – 313% increase in volume, and selling towards the close (sHORTS BUILD UP)

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Date: 20-5-20 – Information valid for 21-5-20

General market commentary – Till the RILghts issue is fully subscribed, markets should do okay. As of now (9.35 PM), Dow is up some 400 points and if it sustains we can open gap up tomorrow. Plus, passenger flights are being permitted from 25th, so airline stocks could be in focus.

1. Five Stocks that can trend tomorrow

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout. If it is above VWAP at 9.30 AM, c=draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out of next resistance.

CDSL – Has reentered bull zone after a sharp drop

BALAXI VENTURES – It’s being accumulated since 82 and is creeping up slowly. It’s a RIL group stock and there can be some play as it is an OTT player.

IDEA – Stock is in a solid bull grip. Seems like it will go some way.

GRANULES – Looks very strong on the charts

JUBILANT LIFESCIENCES – Stock has been hitting UCs last few days. Something is up here.

2. Four FNO Volume and OI Buzzers

Study: Wait till 9.30 AM. Then look for 15M VWAP breakout. If it is above VWAP at 9.30 AM, c=draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out of next resistance.

DR REDDY – 511% increase in volume, 14.7% jump in OI and there was buying in the last 1 hour

GODREJ PROPERTIES – 124% increase in volume, 23.4% increase in OI and there was buying towards the close

JUBILANT FOOD – 19.2% increase in OI and there was buying towards the close

HAVELLS – 173% increase in volume and there was buying towards the close

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Date: 19-5-20 – Information valid for 20-5-20

General market commentary – with a partial opening up of the economy, there’s little doubt that COVID-19 cases will increase and further hit the economy. In this market the idea is to buy on a good dip with a tight SL. Shorting is OK with indices, but then these can be easily managed. Be light with your positions and keep scalping or trailing if the stocks perform.

Know that Moody’s has raised concerns on NBFC sector and these stocks can get punctured tomorrow. The impact may roil other stocks as well. So, if the market trends down from morning, do not enter in a hurry:

Read: Moody’s on NBFC

1. Five Stocks that can trend tomorrow

Strategy: Wait till 9.30 AM. Then look for 15M VWAP breakout. If it is above VWAP at 9.30 AM, c=draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out of next resistance.

ICRA – Formed a hammer candle and can perform tomorrow or in the coming days

ABFRL – It’s fallen very hard from 250 to 100. Looks okay for a bounce.

IDEA – Stock is in a solid bull grip. Seems like it will go some way.

MINDTREE – Like Idea, it is in strong hands. There seems to be some play in it.

INDIAMART INTERMESH – This business enabler will benefit hugely from the virus disruption

2. Five FNO Volume and OI Buzzers

Strategy: Wait till 9.30 AM. Then look for 15M VWAP breakout. If it is above VWAP at 9.30 AM, c=draw Fibonacci Retracement on 1st 15 M candle and enter when it breaks out of next resistance.

ADANI POWER – 363% increase inn volume and 15.9% jump in OI suggests bullishness

TORRENT POWER – 340% increase in volume but OI tapered off as stock fell from 315 to 303. Seems bulls are tired. However, they may drag it up to entice retail.

(I’m not getting firm cues for others because the FNO action was undecided at the close. So though the title says 5 stocks, I can post only 2 for tomorrow)

1 Comment on "NSE Market Intelligence – Updated Daily"

  1. RAJESH N RATHOD | May 20, 2020 at 7:43 am | Reply

    INFORMATIVE -EDUCATIVE -PROFITABLE

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