Bhaveek Patel, Author at OurNifty.com

Nifty future near term support at 5630 level, Buy on Dips

Nifty future corrected from 5825 level and have been correcting for last 3 days. But still chart suggests, the trend is bullish and so we will still be on the long side of trade. Recent development has lead the risk-on rally in the global market, I believe this will be strengthening further as this is only a temporary pullback in an uptrend, which should be treated as an opportunity to buy into ... [Continue Reading]

NSE IEOD database Updated, Data from January 2012 in Amibroker Format

By Bhaveek Patel 4 Comments

NSE Intraday EOD database in amibroker format is updated till 2 September 2021 is available now to download. It has data from around January 2012, in 1-minute format. It has only those stocks and indices which are traded in the F&O segment in NSE. Just download the file from the below link and open the database in amibroker. Download database file. How to open the database in ... [Continue Reading]

M&M is trading at a resistance, Short sell opportunity exists

By Bhaveek Patel Leave a Comment

M&M is in a strong uptrend, stock has been an out-performer and also better stock from auto sector. Stock has approached at resistance of 875 as this was the level where stock has previously found resistance. So my trading idea is to short sell M&M when it trades at 875 level for a positional target as 825 and then 810 level. Stop loss for this trade will be above 890 on daily closing ... [Continue Reading]

Mcdowell-n is trading at trendline resistance, Selling is more likely

By Bhaveek Patel 3 Comments

Stock has been the best out-performer in F&O stocks, as its has given more than 90% return in last 3 months. But as the monthly chart suggest me stock is near the trend line resistance which is around 1290 - 1300 region. So some selling in this stock is expected in the near term, also stock has shot up very sharply so some profit booking in form of selling will soon be seen. My trading ... [Continue Reading]

TCS trade setup for short term, Technical analysis suggests Strong buy

By Bhaveek Patel 2 Comments

Yesterday while I was resolving a query for one of my client I have landed into the TCS chart; I found that stock is ready for its next up move. So taking the positions in the direction of the trend I will be looking for buying opportunities, as long as the trend remains up. Moreover stock is trading at 100 EMA and trend line is support here, also Fibonacci retracement level 61.8% level is ... [Continue Reading]