𝗧𝗛𝗘 𝗖𝗛𝗔𝗥𝗧𝗜𝗔𝗡𝗦
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BANKS Firing!
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Intraday traders keep booking or trailing your profits, don't let gains sit on the table, keep booking them.
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𝗧𝗛𝗘 𝗖𝗛𝗔𝗥𝗧𝗜𝗔𝗡𝗦
Probably we are going to get another N- Pattern Day.
Understand why chances of this pattern getting printed today is high.

INDIAVIX is 8% UP.
We opened Gap-Down. PE Premiums already rose up.
WE got morning recovery PE Premiums eaten/eating going on.

Second half main CE premiums ko joh badh gaye recovery main unko bhi khaalenge.
Retail will chase CE, wahan SMARTMONEY will sell them that CE.
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Morning BANKS and now IT sector has taken over.

BANKS have halted.
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#NIFTY Piano Candles continue 🩸🔪

Immediate upside next resistance 24354 Gap-Fill.

Markets are continuing buy on dips don't care much abt the war situation...Markets will remain erratic if you are a index trader, IT BANKS fight going on.
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SBI Funds Management IPO 🏠

Opens tomorrow. 14-16 July.

Price band: ₹545 – ₹574
Market cap: ₹1.17 lakh Cr
Lot size: 26 shares

The number that matters: 38 PE

For context — ICICI AMC trades at 48 PE. HDFC AMC at 41 PE. India's largest AMC is pricing in at a discount to both.

GMP at ~₹90. Signals roughly 16% listing pop (~₹663).

One thing to know: pure OFS. ₹9,800 Cr, all of it goes to SBI and Amundi. Not a rupee to the company. You're buying what they're selling.

Worth a look if IPO listings are your game.
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Good Morning Traders ⭐️⭐️⭐️
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Levels for the day ✔️
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Opening again at the same level as yesterday.
24,000 is psychological support as well.

If breaks previous day lows, we will think of being bearish.
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Most likely it's going to be a scalp & run day today inside yesterday's highs and lows.

24000- 24230 is the range for today.
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