Stock Analysis, Index Weekly ORT + July 21 Levels by Arun N SEBI REGD RA

Summary

In this week's market analysis, Arunian, a registered research analyst, discusses the latest market trends, including a breakdown of index movements and key levels to watch. The trendline support for indices has been broken, with a focus on Nifty potentially testing lower levels before bouncing back. Long-term investment opportunities in stocks like Macros and Art are also highlighted, alongside profitable trades shared from recent calls. Arunian also discusses the current market numbers, offering important support and resistance levels for Nifty, Sensex, and Bank Nifty, and invites viewers to join their Telegram channel for updates and trades.

Takeaways

• 😀 Market risks are involved when investing in securities. It's important to read related documents and disclaimers carefully before acting on recommendations.
• 😀 The bullish harmonic patterns were observed across most indices last week, with a focus on testing the trend line support.
• 😀 Nifty has broken the trend line support, and there's a high probability it could test 24,544 before potentially bouncing back.
• 😀 Two stocks are recommended for long-term investment: Macros and Art. Their respective harmonic supports and targets were provided.
• 😀 Macros stock has a support level at 587, a stop loss at 549, and a target of 650. Art stock has a support level at 1820, a stop loss at 1769, and a target of 1880.
• 😀 Patience is advised when waiting for stocks to reach their harmonic levels before making moves. Long-term investors can join a free channel for investment charts.
• 😀 Several pre-calls from July series were profitable, including Access Bank, Reliance, ICICI Bank, and TCS, highlighting successful predictions.
• 😀 Free trials are not offered due to SEBI regulations, but users can track live calls on Twitter or Telegram for free and check results.
• 😀 A weekend offer of 60% off on paid services is running, with specific services catering to option buyers and those interested in positional or swing trading.
• 😀 The key number for Nifty's support is 24,838, and if this level holds, a bounce could occur. If broken, the next support level is 24,760. Similar harmonic support and resistance levels for Sensex and Bank Nifty are also highlighted.

Q & A

What is the key market trend mentioned in the video?

The key market trend discussed in the video is the bearish movement, as many indices have broken their trend line support, signaling a potential further decline. The speaker also mentions that Nifty could test a level of 24,544 before potentially bouncing back.

What is the suggested target and stop-loss for the stock 'Macros'?

For the stock 'Macros,' the harmonic support is at 587, with a stop-loss at 549. The target is set at 650.

What are the levels mentioned for Nifty's potential support and resistance?

The key support levels for Nifty are at 24,838 and 24,763, with the resistance levels at 25,544 and 25,166.

How does the speaker suggest handling the stock 'Art'?

The speaker suggests waiting patiently for the stock 'Art' to reach the harmonic support level of 1820. The stop-loss is at 1769, and the target is 1880. Investors are advised to let the stock bounce from the support level.

What performance is highlighted from previous calls in the July series?

The speaker highlights that many of the previous calls from the July series yielded decent profits. Some notable examples include Access Bank, Reliance, ICICI Bank, and TCS, with profits ranging from 6K to 34K.

What is the offer currently available for new subscribers?

There is a 60% discount offer on all paid services. Subscribers can choose from various services depending on their trading strategies, including options buying or premium services for positional and swing trades.

What are the stop-loss levels for the Buy and Sell positions in the Nifty index?

For the Nifty Buy position, the stop-loss is 121 points, and for the Sell position, the stop-loss is 79 points.

What is the crucial harmonic number for the Nifty index mentioned in the video?

The crucial harmonic number for Nifty is 24,838, which serves as the primary support level. If this is broken, the next major support is 24,760.

What are the immediate support and resistance levels for Bank Nifty?

For Bank Nifty, the immediate support levels are at 55,651 and 55,793, with resistance levels at 56,653 and 56,868.

What does the speaker recommend for learning more about their calls and updates?

The speaker recommends joining their Telegram channel and following their YouTube channel, Harmonic Traders, to receive free updates and calls in real-time.