BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week
https://cryptonews.net/1180009/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

⚡Watchlist supports and Resistance for the day
-HDFC AMC support 2800-20
-Asian paints support 2988-92
-Eicher near support 2500-10
-Godrej resis 1011-14
-Bharti 580-85 resistance(recommended at 519)
-IOC support 101-103(downward channel for long time)
-Bosch near support 14800-40
-Britania (consolidation phase) needs to break 3500 to resume upmove

⚡Levels to aid your technical analysis

⚡Never risk more than 2% of your capital. Risk management should always be a priority.

Alright so the volatility is happening sooner as I anticipated for #Bitcoin this will close the gap between the 20&55ema on the 4hr which is healthy and needed for a perfect slingshot which can turn 40k into support! 💪

#Wyckoff update #Bitcoin. Price is way overextended from the daily 20-55ema's this screams for a healthy pullback. Which would line up perfectly with LPS (Last point of support) Golden cross forming as well. A potential slingshot could lead us into SOS phase.

#Bitcoin is working a healthy pullback as expected to find some clear support before the next rally can start. Watch these price labels in the chart as potential support. We are getting closer to our ema targets on the D TF! Catchup is almost there.

⚡Market view for the day

⚡Supports and Resistances for medium term:
Bata worked out perfectly as per the support first given and later the resistance given. Cheers 👍
-Godrejprop resis 1700-1720
-Coromondel support 860-3
-ICIcIgi support 1430-40
-Industower broke the support post idea news can be risky below 220
-IRCTC still facing pressure and given levels
-Drreddy respcting the support we mentioned 4680-700
-Kotakbank support was given at 1620-30,bounced back really well
-HDFC life same support 660-65
-Balkrishna resis still there
-Aubank resistance 1265-70
-Gujgas support worked superb now near resis,profit booking may follow

⚡These are not calls just views,to aid your technical analysis

⚡Never risk more than 2% of your capital as risk management has to be prioritised always.

Stock trading tips:

1) Buy only when the overall market is in an uptrend

2) Focus on the strongest stocks

3) Avoid stocks that gapped more than 20% over the last 3 months

4) Ride your winners

5) Simple entry trigger—no need for complexity when you have nailed #1 to #4

CTSI jumped 174 percentage...

This is amazing... Ppl who invested will have good weekend😎

⚡Market view
Nifty
S 16530-50
R 16575-95

Banknifty
S 35350-80
R 35840-90

⚡These are just levels not calls,to aid your technical analysis

⚡Never risk more than 2% in any trade,risk management is the key.

Announcement of right shares by Bharti Airtel
Right issue price ₹ 535
Eligible shareholders will get 1 equity share for every 14 equity shares held as on the record date

⚡Market view for the day
Nifty
S 16620-50
R 16780-95

Banknifty
S 35270-300
R 35760-90

⚡These are not calls just views to aid your TA

⚡ Never risk more than 2% of your cap as risk management is the key.

SRF Limited is a chemical-based entity engaged in the manufacturing of industrial and specialty intermediates. It manufactures Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles, Coated and Laminated Fabrics.

⚡Market view for the day
Nifty
S 16740-60
R 17110-40

Banknifty
S 36110-40
R 36400-20

⚡Short term supp and resistance
-Auropharma near support zones
-Amararaj needs to reclaim 700 for upside
-IOC has broken a support, buy only above 113-4 now
-ITC support zone 200-3
-Heromotocop consolidation phase,can move up in days to come

⚡These are not calls just views to aid your TA

⚡Never risk more than 2% of your cap as risk management is the key

New Margin rules from 01-09-2021

SEBI margin rules explain in layman’s language:

SEBI has changed some rules related to margin and trading.

1) Buying and selling of shares will Require Upfront margin from now onwards.

Eg: If you want to buy Reliance shares worth 1lakh, you must have 20k Rs in your account as cash and the rest money to be paid within 2 days...

👆🏻 Major Change If you want to sell 1 lac worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account. Failing which penalties will be levied.

👆🏻 Read Carefully... Selling from holding will also require Upfront margin in cash (Var+ELM).

You can keep extra cash or can pledge other holdings for the stipulated margin required.

2) Shares bought today cannot be sold Tomorrow.

Implications: BTST Closed

Eg You bought Reliance On Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday.

You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares.

3) Shares Sold Today from delivery..... the funds cannot be used for new trades today. You can use the funds for new trades the next day.

Eg:🌟 You sold 100,000 Rs worth of Reliance's shares today.
👆🏻You cannot use this money to buy fresh shares of other companies.

No changes In options and Futures Rules for Now Till further Notice.
✍️

⚡Market view
Nifty
S - 17300-20
R - 17440-60

Banknifty
S - 36420-40
R - 36690-720

⚡Expecting some profit booking within 1-3 sessions. Let's see.

⚡ These are just views and not calls,to aid your technical analysis

⚡Never risk more than 2% in any trade as risk managenent is the jey

⚡Market view
Nifty
S 17280-30
R 17400-20

Banknifty
S 36310-30
R 36540-80

⚡Short term supports and resistance
-Bajfin resis 7500
-Hero supp 2750
-suntv resis 495
-icicipru supp 696-7

⚡These are just view not calls to aid your technical analysis

⚡Never risk more than 2% of your capital in any trade as risk management is the key