As per calculation next swing top In LTI Should be at 3.01 PM

And for coforge it will be 3.14 PM

LTI : 2.31 PM : 4868
LTI : 3.01 PM : 4908

Nearly 40 points ✅❤️❤️❤️

Coforge :2.31 PM : 3888
Coforge :3.14 PM : 3908

Nearly 20 Points ✅❤️❤️❤️

You will not understand the value of 40 & 20 points what wonder you can do.

See what Coforge & LTI gave me.

Full conviction trade is like this ✅❤️❤️❤️❤️

What actually happened in market today...?

Read below.

Sorry For the late guys..

So.. here we go. !
Today IT Index which we started working on since 29050
We saw 29500 yesterday another 500 points to 30051 we saw touched today in the morning itself.

Now.. everyone saw yesterday Nasdaq 300-400 points Jump everyone came with a predetermined mindset of buying IT stocks and expecting an IT index to go 2-3% up like Nasdaq.

Bs toh fir kya... Market ko khule panchi mil gaye trap krne keliye.

What happened in the first 15-30 min
IT along with Nifty & Bnf made a top.

As warned in the Pre-Market commentary..and since then all the IT stocks started tumbling down.

EVERYONE was expecting an Upside today all these days no one was expecting an upside bs.. yahi chance chahiye hota hai. Market ko.

IT index for +500 came flat for one time. And then after so much volatility..
At 11.10 AM news comes from the China side that war outbreak is happening.

That created panic in the market and Vix went up nearly 9%.

However if you would have noticed.
There was no change in the
Hangsang index (jabki war unkahi tha)
US index futures were flat
And
The crude was ekdam flat.

So why India.
We needed one correction till 17100
Which today we touched 17161
17158 was the level shared in Pre-Market.

Soon as we broke 17200 everyone's sl got hit...

Bs itne downside ke baad upside kaun sochega.?

No one.
Then Market started upside move.
And kept hitting sl of many.
As its a Expiry day..

Since 2 days that is Today & Yesterday we did not give any call on Nifty Bank Nifty or any sort of option selling...!

You should know when you should work on which index.

Post volatility...
2.30 PM tk IT stocks ka consolidation chalta raha then..

I gave this msg :

As per calculation next swing top In LTI Should be at 3.01 PM & for coforge it will be 3.14 PM

You can check the rates as below

LTI : 2.31 PM : 4868
LTI : 3.01 PM : 4908

Nearly 40 points ✅❤️❤️❤️

Coforge :2.31 PM : 3888
Coforge :3.14 PM : 3908

Nearly 20 Points ✅❤️❤️❤️

By 2.30 PM everyone lost hope that today expiry will be @17300..
Bs market got another chance to trap
17400 ce writers..

And thats how it ends at 17382 (-6 from -236 )

Hope you learned something.
If you like it. Hit us with thumbs up 🙏

05/08/22
Good Morning all..

Nifty
Upside:
17486 Imp
17537
17563 imp
17576
17581
17613
17655
17671imp
17716 imp

Downside :
17351 imp
17313 imp
17297 once again imp
Closing below this not good
For Nifty
17282
17215
17173
17128
17042 imp
16992 imp

Bank Nifty
Upside :
38190
38421
38436imp
38739imp
38816
38855
39037

Downside
37449
37377
37140 Imp
37011
36876 imp
36706
Below this down.

11.02 Am &
11.57 Am important time factor
For Nifty. Be watchful of this time.

Today RBI Policy :
Coforge 3 Month cash people
Buy Given 3860 : &
LTI Given 4810

Both if in profit try to book them before RBI POLICY..
(Only for short term cash players)

3 month hold people can keep it.
With the stop loss in your profit just
Above your buy zone some points
So that your capital is protected. ✅

Global Pointers :

➡️Ind Vix : 19.25 is an important zone
Rise above this Bad

➡️US Vix : 24.09 below extremely positive for US. 25.04 above will be bad.

➡️Gold : 1791 now 1803 can go

➡️USD/INR : 1% fall yesterday. Good

➡️ Dollar index: nearly 1% fall.

➡️CRUDE : 3.57% FALL yesterday (highly good for Equity & Banks)

➡️Brent : 3.55% Fall yesterday (highly good for Equity & Banks)

Global pointers are mixed.
Although crude fell down
But its now oversold. So be cautious of that. At the same time equities are over stretched.
Nifty : 17390 & 17230 very crucial levels for next few days. Be careful around these levels.

Conclusion: Short term cash & Fno
Players book all your longs before the policy.

And wait patiently.
Will share Astro view in the middle of the Day.