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Driven by Fundamentals and Leveraging Technicals.

All post are Only For Study & Educational Purpose.consult you Financial Advisor Before Investing or taking any position.
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DEEPAK NITRITE TO ANNOUNCE ITS FY20 Q1 NUMBERS TODAY

STRONG SET OF NUMBERS EXPECTED.

SUPPORT - 274/268

RESISTANCE - 295/310
Yesterday Huge shorts were created by FII at lower levels.

Last time they created such huge shorts were in October 2018.

Be Cautious.

This is Sell on rise market.

With Strict S/l
There is a saying that Markets are Supreme.

Banknifty Fell 1000 points before announcement of Finance Minister by BJP during Oath on May 31 st.

Market knew before we knew.
Short cover can happen any time
Don't short
Government has decided to take action
Almost 50 points done in 3 mins
Almost 80 -85 poking done in nifty in 5-7 mins
It seems that Cnbc created News..
Cnbc says meeting going on by PM
Since Budget Day

Total BSE Listed Stocks have Lost whopping Market Cap of 15 LAKH Crore


Just To Raise 12000 crs
PMO TOOK STOCK OF TAX SURCHARGE & ITS IMPACT ON MARKETS & FPIS - ETNOW
FPIS SEEK ROLL BACK AS A CONFIDENCE BOOSTING SIGNAL FROM GOVT
Hedge the positions.

Do not go naked for Monday.

Anything can happen

Gap up or gap down.

Hedge the positions.
Photo from JIGAR JAWAHARLAL SHAH
Wealthcreatures.com
DEEPAK NITRITE TO ANNOUNCE ITS FY20 Q1 NUMBERS TODAY STRONG SET OF NUMBERS EXPECTED. SUPPORT - 274/268 RESISTANCE - 295/310
DEEPAK NITRITE
Q1FY20
EXCELLENT NUMBERS


YOY
REVENUE UP 128.5% - 1062cr vs 464cr
PAT UP 570% - 131cr vs 18cr

QOQ
REVENUE - 1062cr vs 1016 cr
PAT - 131cr vs 91cr