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TRADE SETUP
Brent back to pre-tension levels, Asia rallies
Should one chase gap up of 100 points?
Expiry today, even buying gap up may reward
Good chance of Nifty testing the all-time highs
Bank Nifty offers better risk-reward as it fell more
Midcaps likely to have a field day
This month: Nifty down over 1%, Midcap flat
Midcaps did well even during last 3-4 days fall
FII data indicates fresh shorts, will be forced to cover

Like we discussed in morning, today was not a day to try cute short trade.

It was an out and out chasing day.

And Bank Nifty as expected has outperformed

Up 600 points now.

Good morning

TRADE SETUP

Markets on course to hit all-time highs

Even after yesterday, Bank Nifty has better risk-reward

Bank Nifty 1.6% and Nifty 0.6% away from all-time high

This month: Nifty up 0.4%, Midcap up 1.3%

Midcaps have started to see a lot of traction

There is a very good chance of a midcap party today

Won’t be surprised to see Midcap Index outperform again

Economy facing stocks will do well now up until budget

The magic number of 12345. Remember you first heard it from yours truly ❤😍😊😁

The weekly podcast is back.

Good morning. My favourite combo 😁😁

The videos on educational purpose will start soon. Please bear with me. Need to see how to put more than 1 minute videos here.

TRADE SETUP
Today’s big trade will be Sell IT and Buy Bank Nifty
Market has well and truly moved on from geopolitics
Crude is now below $65, well below “war fear” levels
Infosys has no room to rally beyond Rs 745-750/sh
Nifty hit a new high, Bank Nifty still has some room
Nifty Bank over 500 points away from all-time high
Autos, Cement, Infra, capital goods sector in focus
Market’s entire focus now will be on pre-budget rally
Last week’s highlight was the midcap outperformance
Midcap outperformance should now continue
Only risk to Bank Nifty now is Vodafone Idea

Happy to be proven wrong on Infosys but I see no room for a big rally. The clean chit expectation was known to market and their quarterly performance especially revenue growth in a strong quarter is actually anemic

And ADR ended 1.5% higher only after starting 5-6% higher which anyway was the domestic stock move on Friday.

Looks like I am the only one with a contra view on Infosys 👀