MASSIVE GLOBAL RALLY
Big rally in US leads rally across markets
Dollar Index cools to 107.6 from 109.1
Market to react to numbers from HDFC Bank
Big question: What is the risk-reward at 16,250?
((SGX Nifty))

TRADE SETUP
Nifty set to open at the higher end of trading range
HDFC Bank’s move holds key to today’s market move
Nifty needs to close above 16,216 to make higher high
Close above 16,216 leaves door open for 16,478
Market move nowadays has 4 major components
Bank Nifty: Strong month to date but vulnerable to FII selling
Nifty IT: At 52-week low, rallies mostly on short covering
Reliance: Has defended lows, results and AGM coming up
Consumption: In an unadulterated bull market of its own

Good morning

MINOR HEADWINDS
US market declines after Apple warning on hiring
Brent crude back at $106, Rupee set to open at 80
Nifty had a breakout, will it sustain?
((SGX Nifty))

TRADE SETUP
Today’s gap down will test market’s texture
Massive Put writing yesterday, especially at 16,200
FII data: Unwound 17,000 Index futures shorts
FII data: wrote 53,700 Index Puts and bought 72,700 Calls
Today’s trade will be about 16,200 Put writers
16,200 Put added 54 lakh shares, prem at Rs 60
For Nifty, 16,140 becomes sacrosanct for day traders
Yesterday’s longs will be in trouble only below 16,140
There will be one attempt of buying the dip
Second dip may come post noon, 16,140 will be key
IT in focus, Nasdaq declined from 10 DMA

Sorry got late

First part of setup played out. First dip bought

Now we need to see IF there is a second dip or not

DXY is sliding. Last hour can be interesting

DXY is Dollar Index

Good morning.

Remember time to buy was yesterday's dip as we indicated in setup also

Today, everyone will become bullish. You know what to do then :)

Never chase a gap up after a rally has already happened

Stay tuned for setup

MASSIVE RISK-ON!
Big surge across assets, US market leads
Dollar’s decline leads to rally in risk assets
Back home, windfall tax cut, RIL in focus
Very strong volume growth reported by HUL
((SGX Nifty))

TRADE SETUP
Big question: Will today’s gap up lead to profit taking?
Stocks bottom on bad news and peak on good news
Chasing gap up is always risky, especially after a rally
At 16,661, Nifty will recover all of June losses
Need to see price action at 16,500-16,661 from here
If there is no halt at 16,500, it will be bullish
Beyond 16,661, a move towards 200 DMA may be possible
Alert: Current 200 DMA at 17,066 on Nifty
Alert: Current 200 DMA at 36,438 on Bank Nifty
((One third of Nifty to report earnings))

good morning

Setup playing out. Bank Nifty now within 100 points of 200 DMA. Nifty also moving towards 16,661