Subscribers Copy

Week: 13
30 Sep 2024

The
Indian
Trader Weekly

Concept by :

Pratham
Investment Managers

Analyst :

Atul Shinde
 The Indian Trader Weekly

From The Analyst’s Desk

Hello Everyone, I hope you and your family is doing good and
everyone is reading the content of the weekly and enjoying it. How
is your Experience till now ? please let us know !! Also if you are
experiencing any issues do write to us without hesitation, we will
love to work on it to improve the experience.

So Israel is not ready to stop, Russia-Ukrain is Still going on and

everywhere we are witnessing some kind of negative energy. Many
are predicting a bigger war situation but nothing will last long,
This is not a kind of situation where we can see the Escalation of
things to bigger scales. Important event ahead is only the US
Elections this year, everything else is comparatively less
important, except there is no big negative news from around the
world.

Smaller events like state election results in India, Interest Rate cuts
and smaller ups and downs will be taken care of by the market
itself. SEBI news today was used as a rumour and created panic in
markets but the stock specific action was not disturbed and only
some profit booking was seen across the counters without any
solid short build up. The traders knew, it won’t last long. This is a
good matured market as of now, you can’t guess the herd
mentality till it happens. Stay Invested !! Stay Blessed !!

Shinde
Atul
Sep 30, 2024
Weekly Analysis
NIFTY 50
Bank Nifty
SBI CARDS
BHEL
Tata POWER Ltd.
 The Indian Trader Weekly

NIFTY 50
Let's Have a Look at the Chart of the Index,

Pratham Investment Managers

This is a Continuation of the Last week chart, We can see Nifty Rallied big but due to
some rumours today came back to retest the breakout levels, Overall nothing to worry as
the market is still in good zone. the Breakout is yet to complete the target. Again the
same trendline resistance will act as a support and market will resume it’s journey. Last
week posted to buy 26000 puts on rise to 26111, Market went slightly higher but the
put worked nicely. Nifty closed around 25800, which was discussed few times, Market
may move slightly lower towards 25700 but overall the support is done now and we will
see a good recovery in coming days. 26600-26800 is still pending and yet to come. All
the Levels posted earlier last week will also work this week and there will be no change
in strategy to trade. Buy the dips and Sell on Rise will work as long as the Support and
resistance are not broken.

Nifty 50
Current Rate : 25810
Supports : 25430 - 25300 - 25200
Resistance : 25880 - 25990 - 26111 - 26333
Trading Strategy : Buy The Dips Till 25200 is broken decisively
What Should be Traded : Buy 25600-25800 Calls on dips Towards
25700-25555 and Keep Trading. Risk Takers May Buy 26100 Puts on rise
to 26111. Recommendation will be to Buy the 25800 Call on dips

Sep 30, 2024

 The Indian Trader Weekly

BANKNIFTY (SPOT)
Let's Have a Look at the Chart of the Index,

Pratham Investment Managers

For the First time I am posting Banknifty Chart on 1 Hr. Time frame. Banknifty Touched
our level of 54333 and retracing back to a lower level. As you can witness, Trading is
nothing but a game of levels. Now again the Smaller Trendline resistance will act as a
support and then Banknifty will again move towards 54233 once trades above 53180
for some time. It will create a consolidation kind of move between the range and then
breakout above 54233 to move towards our ultimate target of 55555, Nothing is so bad
that markets will start crashing. Smaller pullbacks are part and parcel of the trading
journey. and At this point when markets are hovering around All time High levels, 1-2%
pullback is nothing. A Pullback of 4-5% will be assumed as atleast something happened.
We don’t need to worry unless and untill we break the important supports for a long
term correction and the levels are far away from here.

Banknifty
Current Rate : 52978
Supports : 52640 - 51960 - 51470
Resistance : 53180 - 53350 - 53700 - 53999 - 54233 - 55055 - 55555
Trading Strategy : Buy The Dips Till 51960 is broken decisively
What Should be Traded : Buy 53000-53500 Calls on dips Towards
52640 - 51960 and Keep Trading.

Sep 30, 2024

 The Indian Trader Weekly

SBI CARDS & PAYMENT SERVICES LTD.

Let's Have a Look at the Chart of the Stock

Pratham Investment Managers

This is the Chart of a Nice Stock in Cards Category and the Stock is actually seen forming
a good reversal setup after a long downtrend or a pull back. The Stock is creating a
Bullish flag and pole formation, The formation is still in progress and not a breakout yet.
The Levels we will see are 799-802 on closing basis. A closing above 804 will be
considered as a breakout and a move above 814 will be needed to start a good rally in
this stock. As of now stock is reaching the supports and we will be able to add longs
with a small stoploss and hold for a nice upmove and good targets. The breakout will
lead to 880 levels in coming weeks or months. The breakout will be seen only if we see
nice reversal around 770 levels. Till then keep it on watchlist.

SBI CARDS and PAYMENT SERVICES LTD.

Current Rate : 773.70
Supports : 765 - 740
Resistance : 799 - 804 - 814 - 855 - 880
Trading Strategy : Buy The Dips Till 765 is broken decisively
What Should be Traded : Buy the dips in the range of 768 - 770 with a
stoploss of closing below 750 and Targets of 855 - 880 in Very Short
Term.

Sep 30, 2024

 The Indian Trader Weekly

BHARAT HEAVY ELECTRICALS LTD.

Let's Have a Look at the Chart of the Stock

Pratham Investment Managers

This is One Great Opportunity to enter the stock, The Stock rising on a trendline support,
given breakout last week from the short term falling trendline and now pullback to retest
the breakout and support levels, Almost done and now getting ready for a firework on
the upside. This company is well placed fundamentally and the technical setup also
indicates some good move in coming weeks. I am expecting atleast the retest of Recent
high in the stock in coming weeks, may be till this monthly expiry or Diwali Week. The
Risk is very less compared to the reward and it makes the trade more attractive.

BHARAT HEAVY ELECTRICALS LTD.

Current Rate : 279
Supports : 270 - 250
Resistance : 299 - 322 - 366
Trading Strategy : Buy the dips till the 250 levels break decisively.
What Should be Traded : Buy on dips in the range of 270-275 with a
stoploss of around 250 and a Target of 322 - 333

Sep 30, 2024

 The Indian Trader Weekly

TATA POWER LTD.

Let's Have a Look at the Chart of the Metal

Pratham Investment Managers

One of the Best Setups found on the Stock, a Lot of consolidation in small range and
then moving along a Rising trendline and breakout !!

The Stock has been moving along the rising trendline and consolidated in a small range
of 60 Rs. for a few months the range from 400 to 464 was followed consistently for
almost 6-7 months and then the stock has given a breakout above the resistance of 464,
now 508 is the immediate resistance above that stock will fly higher, But as per my view,
the stock will spend some time between 464 and 508 before breaking out.

So plan your trades near 464 or above 508 after breakout.

TATA POWER LTD.

Current Rate : 482
Supports : 464 - 440 - 420
Resistance : 508 - 544 - 588
Trading Strategy : Buy the dips till the 420 levels break decisively.
What Should be Traded : Buy on dips in the range of 480 - 464 with a
stoploss around 420 and a Target of 508 - 544 - 588

Sep 30, 2024

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