Low Risk High Reward Set up

DLF

Photo from Naga Rajan

As explained in d video , market reached the Major support zone, Next support lying 0.5 of fib.

Sun Tv at major support zone, with 400 SL in Daily we can go.

Photo from Naga Rajan

*Bajaj Auto To Announce BB On 14th June*


*Biggest and large Size of BB by Bajaj Auto*

*Bajaj Auto is FO stock, so grey mkt activity will be there*


Bajaj Auto cash on books at Rs 19090 cr as on 31st March 2022 Current market cap Rs 1.1 lakh crores

So cash on books at 17% of Market cap or ~Rs 660 per share

Seems they can do a large buy-back!



Be Ready For "Hamara Bajaj"..... 😊

Photo from Naga Rajan

TCS Weekly support is 3130 and 3000 levels

Tata Steel

0.5% will be a good level to accumulate

if 15700 broken then 15550 ,with 15485 SL
If that's taken out we ll comfortably see 15000 levels

15660 , 15425, 15250 are Weekly supports

as told in the video , Bank Nifty broke the Descending Trendline and 2 targets done

Knowledge of the Day : Finding Direction is an Aggressive strategy ,finding BO in upside or in d downside . Most Professionals look for Reversal strategies ( Buying at low n Selling at High) .Reversal strategy ll help you to find stocks which are readying for Rally. Reversal strategies are conservative strategy. It gives us enough amount of time to plan the trades n execute the plans. Through which our emotions get stabilized slowly. And Most importantly the SL remains very very minimal.