Vaibhav Barge weekly analysis

Comprehensive Market Analysis –

9th September 2023
Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis
Disclaimer
The information provided in this analysis is for educational and
informational purposes only.

It should not be considered as financial

Vaibhav Barge or investment advice.
weekly analysis
Trading or investing in the stock market involves risks, and past
performance is not indicative of future results.

Always do your own research and consult with a qualified financial

advisor before making any investment decisions.

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis
Weekly Analysis
India VIX currently at 10.78, indicating market stability over the past three weeks.
Low VIX suggests reduced near-term volatility, typically associated with bullish sentiment.
Nifty 50 Analysis:

Nifty 50 trading at 19,819.

Correctly anticipated bullish reversal with a bullish candle after a flag and pole breakout.
Vaibhav Barge weekly analysis
Suggests a continuation of the bullish trend.

Finance Sector Analysis:

Banknifty at 45,156, showing strength with higher highs and higher lows.
Resistance at 46,000, potential long opportunities above this level.
Support at 44,000, potential short opportunities below it.
Private banks and PSU banks following Banknifty's pattern, both displaying bullish tendencies.

Finnifty Analysis:
Finnifty at 20,138, indicating a bullish reversal from support.
Consistently making higher highs and higher lows, indicating strong upward momentum.
Vaibhav Barge weekly analysis
 Vaibhav Barge weekly analysis

Weekly Analysis in Sectors

• Nifty IT: As expected, a rectangle breakout pattern has occurred, Anticipating a retest, but a bullish bias is in play
above this pattern.
• Nifty Auto: Last week, as expected, it broke its 52-week high and is currently on an upward trajectory.
• Nifty Metal: As anticipated, it remains bullish
Vaibhavand isBarge
approaching
weekly its 52-week
analysishigh.
• Nifty FMCG: Continuing its sideways movement as analyzed last week, indicating consolidation.
• Nifty Pharma & Healthcare: The downtrend has halted, with a bullish candle forming after a lower high and lower
low.
• Nifty Infra & Realty: As analyzed, it remains bullish, with a bullish marubozu candle forming after a flag and pole
breakout.
• Nifty Media: As noted last week, bullish momentum is sustained.
• Nifty Energy: As analyzed, it maintains a bullish outlook, with a bullish marubozu candle forming after a flag and
pole breakout.

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Option Chain Seller Activity

Put Side: Highest put writing at 19,600 signifies strong support.
Put writing shifting to 19,700-19,800, indicating a belief that Nifty won't drop below this range.

Call Side: Highest call writing at 20,000 and 20,200 suggests resistance levels.
Call writing increasing at 20,200, showing growing confidence in Nifty staying below this level.
Vaibhav Barge weekly analysis
Current Week: Put and call writing continue to support the previous week's pattern, indicating ongoing
bullish sentiment among option sellers.

Put-Call Ratio (PCR): PCR is rising, indicating increasing bullish sentiment in the market.

Overall Sentiment:
Nifty expected to trade within 19,700-20,000 range.
Break above 19,700 could signal bullish reversal, while a drop below it may indicate a bearish turn.

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis
FII DATA

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

FII ACTION
• August: Net Sellers
• September: Net Buyers
• Start of September: Initiated Long Positions in Futures
• Presently: 58% Net Buying Activity
Vaibhav Barge weekly analysis
Key Point: 58% Net Buying Indicates Strong Bullish Sentiment
• Increasing Bullish Sentiments Over the Last Week

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Conclusion:
India VIX is low, suggesting reduced volatility.
Nifty 50 and Finnifty have shown bullish reversals.
The finance sector is bullish, with Banknifty and banking subsectors showing clear resistance and
support levels. Vaibhav Barge weekly analysis
Option seller activity suggests a range-bound expectation for the Nifty with well-defined support and
resistance levels.

Net buying FII activity is increasing, indicating strong bullish sentiment.

Overall, the market seems to be in a good mood. People are optimistic, and many sectors are doing
well. However, it's important to stay cautious and watch for any sudden changes. Always manage
your risks when trading in the market.

Vaibhav Barge weekly analysis

 Vaibhav Barge weekly analysis

Note:
Last week, we analyzed a bullish reversal, and this week, a perfect reversal has indeed occurred. So, the
analysis was spot-on. However, it's essential to always be prepared for potential setbacks and ready to
manage any damage that may arise. Even if our analysis is impeccable, it doesn't guarantee 100%
accurate predictions in the future. That's why DAMAGE CONTROL or RISK MANAGEMNET are crucial.
Vaibhav Barge weekly analysis
This analysis is based on historical data and trends, but it's essential to remember that market
conditions can change rapidly due to factors like volatility and breaking news. While the analysis
provides valuable insights, always exercise caution and stay updated with real-time information when
making trading decisions.

Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis

Thank You
Vaibhav Barge weekly analysis

Vaibhav Barge weekly analysis