Only Positional Community
Major thing to notice was at time when Indian Markets were today in sell off, Other Asian markets, European Markets as well as Dow Futures none of them were in panic sell off. There was something cooking because of news factor. One thing to note yesterday…
Today this covid news a total speculation turned game and market mood. 😂🙈. Welcome to world of equity markets.
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Only Positional Community
On technical front, Nifty broke 20DMA and now 3 confluence: 1. 50DMA support 18147 2. Trendline support 3. Technical support at 18100-18120
This alternate view which can be seen. If this happens on every rise plan will be to exit portfolio.
Play hedged option strategies and covered calls/puts.
Aggressive longs will be closing abv 18450.
If we close below 18000.
Pattern - H&S
Play hedged option strategies and covered calls/puts.
Aggressive longs will be closing abv 18450.
If we close below 18000.
Pattern - H&S
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Only Positional Community
This alternate view which can be seen. If this happens on every rise plan will be to exit portfolio. Play hedged option strategies and covered calls/puts. Aggressive longs will be closing abv 18450. If we close below 18000. Pattern - H&S
This week was hard to manage spread. 😅
Our take on market is, this recovery can be short covering.
From 2012 to 2022 track MMI takes double bottom and then we see fresh rallies.
MMI reading is improved yet not confirmed to take fresh buys.
We will wait for sentiment change.
Till then markets can be sideways for 2 weeks.
From 2012 to 2022 track MMI takes double bottom and then we see fresh rallies.
MMI reading is improved yet not confirmed to take fresh buys.
We will wait for sentiment change.
Till then markets can be sideways for 2 weeks.
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Only Positional Community
INDOCO Buy range 380-405 Tgt 480 Stoploss weekly close below 370
Chart update
INDOCO
Retested if close abv 400
Can be entered.
SL and Tgt as mentioned.
INDOCO
Retested if close abv 400
Can be entered.
SL and Tgt as mentioned.
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Only Positional Community
PNBHOUSING Buy 465-485 First Tgt 595-600 Second Tgt 700 Tgt Medium Term 850 Stoploss WCB 400
Back on track.
Tgts as mentioned after retest.
Tgts as mentioned after retest.
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Only Positional Community
IRB Buy on weekly close above 270 Range 275-285 Stoploss weekly close below 270 Tgt 340/420
Back to normal. After retest up 7% today. 🔥🚀
Only Positional Community
PNBHOUSING Buy 465-485 First Tgt 595-600 Second Tgt 700 Tgt Medium Term 850 Stoploss WCB 400
After retest from 480 to 560. Up 16% in total, ❤️🚀
Only Positional Community
After retest from 480 to 560. Up 16% in total, ❤️🚀
Can hold for first target of 600.
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