NIFTY PREDICTION FOR NEXT WEEK 1 NOV TO 4 NOV 2021

 WEEKLY RESISTANCE FOR NIFTY: 17800, 18000, 18200

PIVOT POINT: 17650

WEEKLY SUPPORT FOR NIFTY:  17500, 17300, 17100

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 17750, 17850, 17950

PIVOT POINT: 17650

DAILY SUPPORT FOR NIFTY:  17550, 17450, 17350

DAILY CHART FOR NIFTY

Monday morning, the global set up was good and in fact we over surpassed SGX Nifty by kick-starting the week well above the 18200 mark. However, Nifty immediately erased all gains in the following ticks and due to aggravated selling in few heavyweights, we slid below the psychological level of 18000 in the opening hour itself. Things did not look good at one point but fortunately the oversold market started rebounding from lower levels to again reclaim the opening levels. During the second half, index remained in a small range to conclude the session on a flat note. The global markets were indicating a positive start on Tuesday and in line with, our markets had a gap opening by a small margin. In the initial trade, we moved higher towards 18200 which got sold into immediately. Market slipped towards 18100 around the mid session but fortunately after couple of indecisive swings, we started marching higher towards the fag end of the session. As a result, the Nifty finally had some bounce back to end tad below 18300. Markets had a quiet start on Wednesday with mildly positive bias despite SGX Nifty was indicating a gap down opening by nearly 50 points. After consolidating around 18300 for nearly two hours, Nifty extended its gains towards 18350. It was once again followed by some choppy trades in a small band after the mid-session. However as we stepped into a final hour of the session, the heavyweight stocks started becoming a bit nervous, which eventually resulted in a sharp decline to conclude around 18200 with nearly three tenths of a percent cut. Despite Nifty was indicating a flat opening on Thursday, our markets started the day slightly lower and aggravated the selling right from the word go. In the initial hour we slid below 18100 and then as the day progressed, the bears thrashed all key supports one after another. Due to massive sell off in individual stocks, Nifty eventually plunged below 17900 to conclude the October expiry on a depressive note. In this process, Nifty concluded with nearly 2% loss, thereby marking a biggest single day cut after April 12, 2021. Market ended on weak note for the third consecutive session on October 29 with Nifty closing below 17,700 level. At close, the Sensex was down 677 points at 59306, and the Nifty was down 185 points at 17671.

NIFTY: A STRONG SUPPORT WILL BE @ 17500; STRONG RESISTANCE LEVEL SEEN @ 18000

We witnessed yet another week of correction in the market as it failed to sustain above the support 17700 levels. Our research shows that it is going to be crucial in the short-term for the market to sustain above the 17700 support zone. If the market is unable to sustain the level of 17700, we can witness lower levels of 17500-17300. Technical indicator suggests a volatile movement in the market.

TECHNICALLY SPEAKING

This imposed tremendous pressure on Nifty and in the process, Nifty had to finally surrender the sheet anchor support of 18000. In fact, due to aggrandized selling in the last 2 days, Nifty went on to slide convincingly below 17700. Since last few days, we have been maintaining our cautious stance on the market and even though market was making new highs, we maintained our skepticism and repeatedly advised booking profits. When market was not correcting, this might have sounded senseless, but historically it’s proven, when things look hunky-dory all around, the euphoric situation takes place and that is the time when market surprises with a corrective move. This is exactly what we witnessed in last 2-3 days, finally the bears looked in complete demand. The anticipation has now turned into a confirmation today by violating the 17700 mark. We can see weakness on chart which is the ‘Lower Top Lower Bottom’ on daily chart, coinciding with the convincing close below the ’20-day EMA’. For the coming session, 17800-18000 are to be seen as immediate hurdles; whereas on the lower side, 17600 followed by 17500 has become a sacrosanct support zone. Although midcap index has rebounded sharply, traders are advised not trade aggressively and it’s better to keep a track of mentioned levels. In the banknifty Post creating a fresh new high on Monday above the 41800 the prices have sharply corrected back below the 40000 within no time. Hence, yesterday’s fall has definitely wrecked the bullish sentiment. Prices have now reached 50% retracement of the recent rally and the 20 SMA. Going ahead, in case prices bounces from this support as the hourly oscillators are oversold; it should be used to lighten up long positions. In such a scenario, 39900 – 40500 is likely to act as resistance. On the flip side, immediate support is at 39200 and 38500 levels.

What is Diwali Muhurat Trading?

Muhurat Trading is the well-known old ritual that is being followed by the trading community from ages. This is the auspicious one-hour trading that is held on the day of Diwali and the time for the same is specified by the stock exchange every year. It is an old belief that by doing trade during Muhurat trading, a trader or investor will earn wealth and prosperity the whole year. This session is mostly held during the evening and most of the traders buy stocks during this time.

The word "Muhurat" means an auspicious time and as per the Hindu calendar, during this time, the planets align themselves in a pattern and doing a trade during this time brings in prosperity. Most of the traders trade during this time for religious, sentimental and traditional reasons.

How did it all begin?
Diwali Muhurat Trading is unique to the Indian stock markets only and brokers used to open the new settlement accounts for all their clients on the day of Diwali during the Muhurat trading session. The same tradition is followed in the capital market where on the day of Diwali, Laxmi pujan is done and investors purchase shares of the good companies so that they can hold them for long-term gains. Muhurat trading gives us two clear messages; to focus on quality and to invest with long-term goals.

Things that you should know about Muhurat Trading

1. Auspicious day to invest
The day of Diwali and especially the time of Muhurat trading is considered to be quite auspicious to invest one 's money. This is one of the reasons that many traders start the occasion with special prayers; moreover, they buy shares for the companies they wish to hold for long-term. One also needs to predict the stock market trading activity the day before to make a wise investment.

2. Good for new investors
Muhurat trade is also known as the most auspicious time for a new trader to do his/her first trade. One gets to understand the market and can experiment with a small investment. Once a thorough understanding is gained, traders can invest by picking up the best stocks.

3. Brings in profits for intraday traders
There are many traders who believe that Muhurat trading brings them a lot of profit as Sensex would have a bullish trend. Hence, many buy the stocks and sell them on the same day. However, one has to be cautious while doing so as there are Muhurat trading sessions where the Sensex has seen a loss. Also, there are times when the Sensex has dipped on the day after the festival.

What the investors need to do?
Any investor needs to lookout for good company stocks that are showing high returns or good cash flows to invest. Adding gold to your investment portfolio must be done wisely in order to generate good returns. At Motilal Oswal, we've recently launched Me-Gold on the MO Investor platforms, through whichthe investors can buy, store and sell 24K 999.9 pure Gold online.
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If you are one of those many traders who haven 't yet found the right time to start your first trade, Muhurat trading 2021 is the right time to venture into the stock market trading. This is the very exciting time for both investors and traders and it is important not to get carried away with the fervor to earn more and remember to trade smart. Muhurat trading this Diwali will be held on the 04 number 2021, On Thursday. The timings will be 6.15 PM to 7.15 PM.
So, it is time to get ready by doing your research on what stocks to trade and invest during the Muhurat Trading this Diwali.

STOCK FUTURE ROCKSSS

STOCK FUTURE GIVEN IN TODAY'S POST TO CHECK VISIT https://niftytipsdaily.blogspot.com/2021/10/stock-future-calls-for-29-oct-2021.html

INDIACEM FUTURE SELL CALL ACHIEVED 1ST TARGET 204.50 SELL GIVEN @ 208 PROFIT OF 10150

SAIL FUTURE SELL CALL ACHIEVED 1ST TARGET 113 SELL GIVEN @ 114 PROFIT OF 4750

NET PROFIT 14900

STOCK FUTURE CALLS FOR 29 OCT 2021

 SELL 2 LOTS INDIACEM FUTURE BELOW 208 TARGET 204.50 /200 SL 212.50

SELL 2 LOT SAIL FUTURE BELOW 114 TARGET 113/ 111.50 SL 115

Advantages of investing in SIP

 Here is a look at the manifold advantages of investing in SIP.

Simplicity of choice:

With SIP, you can start investing small amounts, and watch it grow big. You can start investing with a minimum amount of Rs 500 each month. A SIP is not only simple and convenient to track, but also inculcates a sense of financial discipline, where you save more.

Rupee Cost Averaging:

The unique feature of SIP is the Rupee Cost averaging, where you end up buying more units when the market is low. Conversely, you will buy less when the market is on the upswing. This is because of the inherent feature of SIP, where at every market correction, you will buy more. Not only does this reduce your cost of investment, but also results in significant gains

Flexibility:

SIP provides you with tremendous flexibility. If you are afraid of long-term commitment by investing in instruments like Public Provident Fund (PPF) or Unit Linked Insurance Plans (ULIPs), then SIP is just the right answer. These are open ended funds, and could be withdrawn as per your choice. In other words, SIPs do not have a fixed tenor. You can either withdraw the full or a partial amount from your investment, without incurring any losses. What’s more the amount of investment is also flexible: it can be either increased or decreased. You must, however, remember to have a long investment horizon for wealth creation.

Higher returns:

As compared to traditional fixed deposits or recurring deposits, SIP provides double the returns. This can help you beat the rising costs because of inflation.

Power of compounding:

SIP operates on the principle of compounding or receiving compound interest on your investments. In other words, a small amount invested for a long time period would fetch better returns than a one-time investment.

Acts as an emergency fund:

Being an open-ended fund without any tenor, you can withdraw your SIP investment to meet any emergency situations like sudden hospitalisation or loss of job.

THINGS TO KNOW ABOUT PAYTM IPO COMING ON 8 NOV 2021

Paytm’s Rs 18,300-crore IPO — India’s largest to date — will open for subscription on 8 November 2021, at a price band of Rs 2080-2150 per share of face value of Rs 1 each. The IPO would topple the 2010 public issue of state-run Coal India Ltd as the largest ever. Paytm IPO will close for subscription on 10 November. The firm has increased its IPO size by Rs 1,700 crore to Rs 18,300 crore from Rs 16,600 crore, with the increment coming entirely from the existing shareholders selling more stake. The public issue comprises a fresh issue of equity shares worth Rs 8,300 crore and an offer for sale of up to Rs 10,000 crore.

The book running lead managers for the IPO include Morgan Stanley India Company, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, JP Morgan India Private Ltd, Citigroup Global Markets India Private Ltd, and HDFC Bank. Link Intime India will be the registrar to the issue. Investors can place bids for a minimum of six equity shares and in multiples thereafter. Not more 75 per cent of the net issue will be reserved for Qualified Institutional Buyers (QIBs), 10 per cent for retail investors and the remaining 15 per cent for non-institutional investors (NIIs). The weighted average return on net worth for the last three fiscals is negative 36.9 per cent. Investors would require to ensure that the bank account used for bidding is linked to their permanent account number (PAN).

There are no listed companies in India that engage in a business similar to that of Paytm. The equity shares will be listed on the Bombay Stock Exchange and the National Stock Exchange. The company will utilise the net proceeds for growth and strengthening of its ecosystem, including customer and merchant acquisition worth Rs 4300 crore, and investing in new business initiatives, acquisitions, and strategic partnerships worth Rs 2000 crore, and general corporate purposes.

Digital payments have been growing steadily over time, however, India continues to be cash-driven economy. In FY 2021, the digital payments market size by value stood at approximately US$ 20 trillion with 43 billion transactions during the year. Consumers are rapidly switching to digital payments as it provides simple, safe and convenient ways to transfer money across accounts. Similarly, for merchants, acceptance of payments in digital form has increased significantly. One of the key examples of changing trends during COVID-19 was seen prominently in Kirana stores across the country. With increased focus on social distancing, government guidelines deterring people from moving for safety concerns, merchants moved to digital mode of payments leading to an increase in digital consumer to merchant payment volumes. Demonetisation in 2016, also played a role in pushing merchants to accept payments digitally and led to growth in products like QR and wallets.

Diwali Muhurat Trading 2021

 Stock exchanges will open for an hour this Diwali 2021 for the ‘Muhurat’ trading session on November 4. BSE and NSE will allow investors to buy and sell stocks from 6:15 PM to 7:15 PM on Diwali. The muhurat trading session is held every year on the occasion of Diwali, for an hour. The broking community performs Lakshmi Puja and trade during this period. The muhurat trading session has a block deal session prior to normal trading and is followed by a closing session. Last year, BSE Sensex gained 145 points to end at its highest ever closing tally at that time while NSE Nifty 50 closed below 12,800.

When is Muhurat trading?

According to a notification by NSE, the block deal session will start at 5:45 PM on November 4 and close at 6 PM. This will be followed by a pre-open session between 6 PM and 6:08 PM. The normal market will be open from 6:15 PM to 7:15 PM, followed by a Call Auction Illiquid session and a closing session. All trades executed in this Diwali Muhurat trading session shall result in settlement obligations. 

Why is Muhurat trading done?

Muhurat trading holds a special significance as it marks the beginning of a new year or ‘Samvat’. Investors believe muhurat trading brings wealth and prosperity throughout the coming year. The practice was started in 1957 on the BSE and in 1992 on the NSE. Going by recent market movements on muhurat trading, Sensex and Nifty usually end soaring higher during this special trading session. This muhurat trading will mark the beginning of Samvat 2078.

For Diwali stock picks keep reading the blog or whatsapp on 9039542248