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.
โœ”๏ธโœ”๏ธMargin required 95k
๐Ÿ“ŒNo intraday
๐Ÿ“ŒNo daily adjustment.
๐Ÿ“ŒOnly weekly and monthly review for passive income with low risk
๐Ÿ“ŒIndex 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 ๐Ÿ“ŒMcap 272 cr only(deeply undervalued) ๐Ÿ“ŒBig liquor supplier to defence(consistent sales)โ€ฆ
#Som Distilleries has potential to clock 1000cr Revenue & 80cr PAT in FY24๐Ÿป
๐Ÿ“ŒBira 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
๐Ÿ“ŒSom is valued at just 800cr with massive capex coming up.

โœ”๏ธDisc: We are Invested from 35 levels,cmp 140.Planning to revise long term target to 550++๐Ÿ”ฅ๐Ÿ”ฅ
#Nifty 18600-18800 is nearing to OVERHEATED zone

๐Ÿ“ŒNifty PCR 1.43
๐Ÿ“ŒNifty Premiums at Life Highs
๐Ÿ“ŒFII Long/Short Ratio close to annual highs
๐Ÿ“ŒLast three days Nifty rising but volume dropping
๐Ÿ“ŒRetail is not long at 18,600,FOMO trap chances
๐Ÿ“ŒDefensives like FMCG & IT seeing positive traction
๐Ÿ“ŒIt 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 positions๐Ÿ‘€
BBTC poised for sloping channel breakout looks good to add on small dips,support 932-915.Expect good momentum above 1025 closing
Two new micro cap/ small cap stocks worth studying. Huge opportunity for next few years looks good

โœ”๏ธStock 1:
Company is in the business of manufacturing jars, bottles, caps and containers for the FMCG, food & beverage and pharmaceutical industries.

Client list includes reputed companies like Dabur,Patanjali, Perfetti,Godrej, Emami and Marico๐Ÿ”ฅ

โœ”๏ธStock 2:
Company is in the business of design, engineering and fabrication.

Company client list includes Infosys, Reliance, Adani, Lodha, Aurobindo, Piramal, Shapoorji Paloonji, Aditya Birla, Ajmera, Tata Housing๐Ÿ”ฅ
Coffee Day bouncing from medium term support zone,support 51-47.Key level for momentum 55.Keep an eye