#Infosys major base formation around 1685 zone

Jubilant Foodworks - The first thing I ask myself before jumping in is if the selling has been absorbed/exhausted. How?

~ price will fall down with fewer volumes
~ or price will stop forming fresh low

Till these conditions are met - NO SIP/no lump sum

NSE IFSC - How to Invest in US Stocks 🇺🇸 from India 🇮🇳?
#NSEIFSC #USSTOCKS

A detailed Thread on the NSE IFSC route for investing in US Stocks for Indian Retail Investors 🧵

RETWEET FOR MAX REACH

Major FAQ’s 🙋‍♂️❓
1. What is this all about?
2. What can we buy?
3. How can we buy?

4. Who can buy?
5. How much can we buy?
6. What benefits?
7. Exchange timings & modalities?
8. Any risks?

Ever heard of FAANG, Metaverse Stocks & a whole host of stocks that seem so promising but yet so out of reach. Within this global village, information is traveling at a speed of light, so are our expectations from our PF.

There has been a rage in people to invest globally via indirect means as directly investing in US Stocks has been cumbersome & mostly people feel that unease of dealing with currency conversion & taxation.

But now NSE through its subsidiary exchange is making things simpler.

Let's dive in to understand more:-

1. What is this all about?

NSE IFSC (NSE International Exchange) incorporated on Nov 29, 2016, is a wholly-owned subsidiary of NSE.

#BankNifty is near very important support of 34000
If it protects 34k, #KOTAKBANK ( #Weekly Chart) can bounce if sustains above 1730, it has been a relative outperformer amidst rout in Financial #stocks

#Relativestrength #Nifty #StocksInFocus
Not trading call, academic post

#ASIANPAINT #Weekly

Broken below the channel & then important zone of 2850, can fall towards 2270, i.e. 61.8% pullback of last rise
RSI displays downward momentum
#CrudeOil account for 60-70% of raw material cost
#stocks #StocksInFocus #Nifty

Not trading call, academic post

Pray for Asian Paints taking support in the middle and bouncing back above the Right shoulder else the target of 2550 is open now.

This breakdown has come below 200 DMA

#INDIAVIX print above 35 has been good time for investment in last 10 yrs of Market

Feb VIX printed 30 . If it spikes further in March, can be good time for catching falling knives in Stocks.

This is one of the best book on understanding things. It has helped me in Idea generation and concept visualisation.

A nice read if you like a read.

Why & how does rising Crude Oil hurt India?

A short thread 🧵

India is the 3rd largest consumer of Oil at 5.35 million barrels per day (MBPD) behind US (21.2mbpd) and China (15.1mbpd)

India imports nearly 85% of its total Crude oil consumption every year.

India's own production has been below 700,000 barrels per day for a long time.

India imports oil in the following share as per FY 21 numbers:

Iran 17%,
Saudi Arabia 16%,
UAE 14%,
USA 9%,
Qatar 8%,
Others 38%

India import share for Oil from Russia is under 2%, an insignificant number.

India imports about 290 Million tones of Oil in a year.

Assuming that Oil prices are at $75 (last year),
India's oil import bill is ~ $165bn

India exports refined petroleum products as well. At $75 oil price those exports would amount to $58bn

=Oil trade deficit of $105bn

Oil at:
$100, India's oil trade deficit (imports - exports) would be ~ $140bn

For every $10 rise in Crude Oil from say $100, India's oil trade deficit will rise by ~$15bn

For instance at $120 Oil price it would be ~ $170bn

Asian Paints needs a reversal from blue line, nahi to iski blue film ban jayegi......

#ASIANPAINT-2931
Trend down.

Weekly chart. Fibonacci retracement level shown in chart.
Near term 0.236% and 0.382% Fibonacci retracement level likely to be tested.

#Perspective

#HDFC 2278

Divergence formed on Daily charts. Should be ready to reverse in a few

Here is the complete tutorial for Volume Profile free tool in tradingview

https://t.co/MCaiFVBpj3

#TataElxsi #Weekly
stock took support near trendline
Barring 1 day dip maintained above 61.8% pullback of last rise
RSI positive & MACD positive too
6330 is important support, stock may take off once sustains above 6700
#Stocks #StocksInFocus
Not trading call, academic post

#AsianPaints 3028

2880 is a good support level and needs to be protected at weekly

#HDFC #Weekly
Looking considerably weak to me as long as it stays below 2350
Weekly RSI & MACD are quite bearish
#Nifty #Stocks #StockMarket #NBFC #HFC
Not trading call, academic post