Bank nifty forming head and shoulder Intrady chart.

S/l could be 29170

And could be played for a Pull back
Of 100-200 points.

S/l 29070

Nifty bnf dono Fata✈️

Liquidate as per your risk appetite or hungry appetite or can book partially or trail S/L

Bank nifty more then 100-120 points done.

One thing from today's Rollercoaster market.

When Market is in your favour

Trail s/l or book profits

Never go in loss from Profit.


Small profits are good then Large Losses

Modi 2.0

Biggest Achievement for Stock market

Current market condition is a part of
Pradhanmantri Stock Yojana (Affordable Stocks Scheme).

The aim is to bring stock prices down by 90%, so that poor people can start investing in the stock market.

Be Very Cautious Market is at Very critical Levels


11300-11280 very critical

huge Shorts were created yesterday after Many days that means FII are predicting more pain 11300-80 can be very critical as 200 DMA is placed there if it breaks can trigger panic selling. Be very Cautious and Hedge your positions.

support broken

now Bear Mode Is ON.....😍

This is what I meant Some thing Big Coming...

THOSE BOOKED PROFITS IN APRIL WOULD BE REALLY HAPPY NOW.

ALWAYS BOOK PROFITS WHEN VALUATION ARE STRECHED

MANY JERK HAS CAME IN LAST 4 MONTHS

THOSE SITTING ON CASH GOOD OPPORTUNITY TO ADD IN NEXT 3 TO 6 MONTHS

If Nifty Sustains below 11300 for next 2 dayz

Would Turn out to be Confirming Bear mode.

Nifty Closed Below 200 Moving Average.

Today also huge selling by FII

Although certain Selling has been Absorbed by DII

But Million dollar Question is till when DII can Support?


FII have turned Bearish for 1 st time from last 4 months..

Let's c how everything settles out

Yesterday FII sold approx 1000 crs in cash market and DII bought aprox 2000 Crs in cash equity market.

Same is with Index Futures
FII created Shorts and DII came to rescue by buying those shorts..


Huge fight between FII and DII


Hope Today Short covering brings some Relief


If Short Covering Happens then 11355-60 could be Resistance.

https://wealthcreatures.com/2018/10/09/mangalam-organics-camphor-growth-story/

MANGALAM ORGANIC LOOKING DEEPLY OVERSOLD

CMP - 295

AFTER A LONG TIME STOCK HAS GONE BELOW OUR ACCMULATION ZONE OF 300.

CURRENT MARKET CAP - 255cr

FY20 EXPECTED PROFITS - 90 TO 100CR.

STOCK TRADING AT PE OF LESS THAN 3.

FY20 Q1 NUMBERS ARE EXPECTED TO BE INLINE ON 26th JULY

STOCK FINDING SUPPORT AROUND 270 - 290 ZONE.

IF FY20 Q1 NUMBERS ARE GOOD THAN STOCK CAN SEE FEW UPPER CIRCUITS EVEN IN CURRENT SCENERIO

ITS STOCK TO KEEP IN PORTFOLIO FOR 12 TO 24 MONTHS.
SLOWLY AS SENTIMENTS WOULD CHAGES STOCK WOULD COMMAND HIGHER PE.

WE STILL FEEL STOCK CAN SEE NEW 52wk HIGH IN NEXT 18 TO 24 MONTHS.
STOCK HAS ABILITY TO MOVE 50% IN A MONTH ALSO & IN PAST ALSO STOCK HAS GIVEN THOSE KIND OF RALLY WHEN SENTIMENTS CHANGES.


Disc- All views expressed are personal and for Educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.

Today's Expiry would be a show between FII and DII

Two Big 🐘🐘 would be showing there Show today.

Better to enjoy Show and Stay out.

It's My view

See from where exactly nifty futures reversed.. ..

Done for The day after shorting..


Now show time where FII and DII take the markets