Super Performance Trading & Wealth Creation
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Super Performance Trading & Wealth Creation
Budget verdict: Budget announced is a neutral one with no negatives which market was fearing,so it's a muted budget
On Budget day we told it's a "neutral and muted budget" deviating from most analysts shouting full bullish for 18k, running to buy at 17800 on FOMO(fear of missing out).We waited for a dip following POMO(pleasure of missing out).See now Nifty came to test 17k today😎
#KnowledgeIsPower
#Bank Nifty inverse head and shoulder pattern on short term chart
Tvs Electronics big rounding bottom breakout(also matches inverse H&S) with volume on medium term charts.Support on dips 236-215(please note that weekly charts are for medium term view)
Super Performance Trading & Wealth Creation
Maruti once again on radar,looks good to add on dips till 7100 stop clbs 7020
#Maruti fantastic move 7100 to 8900++,turned out to be awesome risk reward with just 100 points stop now 1800 points boom boom.Now TV analysts saying 10k target.Enjoy the move💝💥🚀🚀
Super Performance Trading & Wealth Creation
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Pre-Budget market sold off and everyone was fearful,our premium members bought at 16900 and we clearly told "we expect oneway move to 17700" and Nifty high 17796.Then after budget all chased in FOMO,we stayed in sidelines.Yesterday at 17000 again all panicking,we bought 17900,but booked today at 17485 bcoz RBI policy tomorrow and we got good move in just 1-2 days.Don't chase in FOMO,be wise and have POMO❤️💥
Ibull Housing bullish reversal candle at channel support,looks good.Support 203-199 stop closing below 190.Can do 235-271
Super Performance Trading & Wealth Creation
Pidilite 2215 to 2725. Slow and steady performer. Fevicol ka jod hai pakde rakhna. New target 3200++💥
Pidilite last time we enjoyed 2200 to 2750 move is now once again giving swing trade opportunity with small stop,price is turning from channel support and cloud base.Support 2459-2345
Weizmann price volume breakout on long term charts with ascending base.Support 65-55 to add on dips
Zuari Global breaking out with big volume today(8x of average vol) forming cup and handle pattern.If sustains above today's high then good move possible
FSL near channel support,if holds this support can give good move.Support 145
US markets closed negative on inflation data and geopolitical tensions.Dow closed below short term support of 35100.Only silver lining is that broader market indeces didn't fall much(less than 1%)
#Nifty support zones for the coming week
Super Performance Trading & Wealth Creation
Nifty data: PCR 1.01 to 1.23 OI -0.29% Volume +17.57% Bank Nifty data: PCR 0.90 to 1.09 OI +3.32% Volume +21.79%
Nifty data:
PCR 1.23 to 1.09
OI +0.75%
Volume +34.71%

Bank Nifty data:
PCR 1.09 to 0.83
OI -0.97%
Volume +0.72%

All bullish data of Thursday just vanished and u-turn by FII on Friday.Nifty traded in discount from premium with big volume as per data above