Super Performance Trading & Wealth Creation
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Penny stock lovers:
Morepen Lab cmp 32,support 31.Stop 29 closing.Aggressive investors can keep an eye for small risk opportunity
GSFC looks good at 134,support 129-125.Risk reward favourable
Rsiky whisky:
Birla Soft cmp 302,support 295-286.Keep an eye
#Option Strategy for office going and non full-time traders with medium term view.
✔️✔️Margin required 95k
📌No intraday
📌No daily adjustment.
📌Only weekly and monthly review for passive income with low risk
📌Index Trade only,no stock specific risk

https://rigi.club/lm/SKQkdC5v3K
JTEKT India the MNC auto antillary stock is on the verge of long term C&H breakout with big volume accumulation on charts,support 134-125.Only note of caution is it's overbought in short term(after bumper results),so can plan to add in parts
Super Performance Trading & Wealth Creation
Turnaround stock pick: #Som Distilleries has corrected from recent highs after big volume breakout recently,looks good to add here at cmp 38 on dips till 34-32.Target 3-4x 📌Mcap 272 cr only(deeply undervalued) 📌Big liquor supplier to defence(consistent sales)…
#Som Distilleries has potential to clock 1000cr Revenue & 80cr PAT in FY24🍻
📌Bira raised capital at 4500-5000cr valuation but will potentially do 50% of this Revenue and still be loss making operationally for the next 2-3yrs
📌Som is valued at just 800cr with massive capex coming up.

✔️Disc: We are Invested from 35 levels,cmp 140.Planning to revise long term target to 550++🔥🔥
#Nifty 18600-18800 is nearing to OVERHEATED zone

📌Nifty PCR 1.43
📌Nifty Premiums at Life Highs
📌FII Long/Short Ratio close to annual highs
📌Last three days Nifty rising but volume dropping
📌Retail is not long at 18,600,FOMO trap chances
📌Defensives like FMCG & IT seeing positive traction
📌It is prudent to hedge or take some profits

Interestingly retail was long heavily at lows at 15300 with 1.35 lacs+ contracts when FII were at record short of 88%.Now retail is slightly net short at -15k contracts as FII are at yearly high.Data says retail made big money riding on FII's back as they kept reducing positions👀
BBTC poised for sloping channel breakout looks good to add on small dips,support 932-915.Expect good momentum above 1025 closing