https://x.com/_anujsinghal/status/1701551026799890831?s=52&t=iBCkRBWLqYAieooElK7SeA
Читать полностью…20,000 PAAR, AB 21,000
Nifty took 8 days to reclaim 29 days of fall
A very fast move to 20,500-21,000 has begun
Next round of move can belong to large caps
Take some money from Small caps and put in large caps
No valuation comfort now in Small Caps
Risk-reward is still in favour for large cap Stocks
Fin Nifty expiry today, need to see Bank Nifty’s move
Bank Nifty exactly 800 points away from all-time high
If retail inflation comes below 7%, Bank Nifty can hit high tomorrow
NIFTY: STILL NOT OVERVALUED
Index Current PE 10-yr average
Nifty 20.3x 18x
Midcap 25.2x 20.1x
Small Cap 20x 16.6x
Nifty Bank 14.2x 16x
LARGE CAPS: STOCKS BELOW AVG VALUATIONS
HDFC Bank
TCS
Infosys
ITC
SBI
NIFTY OUTLOOK
Stay long and keep trailing stop loss
New stop loss now: 19,850
Fresh buying zone: 19,900-20,000
Stop loss for fresh positions: 19,850
ABSOLUTELY no thoughts of shorting this market
Approach the market from month end options
Can book profit in 19,700 and 19,800 Calls
Shift your positions to 20,200 and 20,300 Calls on dips
BANK NIFTY OUTLOOK
Now need to go all out on Bank Nifty
PSU Bank Nifty gave a massive breakout
SBI and HDFC Bank now leaders of Bank Nifty
If retail inflation is benign, new high likely
Risk-reward is in favour now for Bank Nifty trades
Trailing stop for Bank Nifty longs now: 45,200
Target for current swing: 46,500-46,800
ALL EYES ON RBI
Market sensing RBI’s positive decision on incremental CRR
For 2 days, HDFC Bank has led the rally in Nifty
If RBI decision is positive, Bank Nifty can rally 2000 points
HDFC Bank alone can rally around Rs 100
Bank Nifty is 1500 points away from all-time high
Nifty is set to hit new all-time high in this series
Nifty is on course to hit 20,000-20,500 this series
Don’t be in a hurry to book profit, trail stop loss daily
How to trail stop loss: Book your profit the day market closes near lows
KHELO INDIA, KHELO
Nifty Calls yesterday
Strike low High
19650 Call 2.55 120.3
19700 Call 0.75 75.3
19750 Call 0.05 36.4
KHELO INDIA, KHELO
Strike Notional Turnover (Rs cr)
19650 Call 38.3 lakh cr
19700 Call 33.4 lakh cr
19600 Put 32.4 lakh cr
KHELO INDIA, KHELO
At one point, 19600 Put had 5 cr shares Open Interest
Earlier, traders were dividing trades between Nifty and Bank Nifty
Now, traders will focus entirely on Nifty or Bank Nifty
Market is likely to go through big volatility daily for some time
NIFTY OUTLOOK
In 5 days, Nifty has reclaimed 21 days of losses
Nifty now needs to reclaim 8 more days of losses
At current rate, Nifty can hit new high next week
Approach is simple, stay long and trail stop loss
Trust the texture and buy each and every dip
One day, dip buying will fail but that’s OK
For day traders, best buy zone: 19,600-19,700
Trailing stop loss now for all longs: 19,550
BANK NIFTY OUTLOOK
Bank Nifty’s move is dependent on RBI decision
Bank Nifty now above all major moving averages
Fresh buy zone: 44,500-44,700, stop loss: 44,200
No short trades till Bank Nifty is above 44,200
Will revisit Bank Nifty during the day
TEST OF MARKET’S TEXTURE TODAY
Brent above $90, Dollar Index almost at 105
Long IT and short Banks trade could play out again
Nifty IT will hit a fresh 52-week high today
Midcaps and Small Caps are enjoying a party
Another 5-8% rally if left in midcaps
Be very careful of kind of stocks you invest in now
Mistakes at these levels can be very costly
Stay in good stocks so you can withstand correction
MARKET: CUES TO TRACK
Weekly options expiry of Bank Nifty today
D-1 day for Nifty’s weekly options
Jio Fin to move out of Nifty, selling of 10 cr shares likely
Crude surges as Russia and Saudi Arabia extend production cuts
Nifty approaching 50% of retracement of entire fall
50-66% retracement zone is the real test of Index’s recovery
66% retracement zone is around 19,750
Possible that Nifty hits new high in this series
NIFTY OUTLOOK
Nifty much stronger than Bank Nifty
All trades on Index should be done on Nifty
Basic texture is “Buy on dips”
Buy every dip and stay positionally long for 20,000-20,500
First support: 19,525 (Yesterday’s low)
Bigger support: 19,421 (20 DMA)
Buy at open and add in 19,475-19,525 zone
Stop loss now for all longs: 19,421
Trail stop loss for all positional longs to 19,400 on close
No thoughts of shorting as long as Nifty is above 19,400
BANK NIFTY OUTLOOK
Avoid any trades on Bank Nifty till clarity emerges
Even yesterday, call was to avoid Bank Nifty
Bank Nifty trading right between 20 and 50 DMA
20 DMA: 44,315 and 50 DMA: 44,820
No trade on Bank Nifty till its closing in this range
For compulsive traders, buy and sell near boundaries
Buy around 44,400 with stop of 44,300
Sell around 44,700 with stop of 44,850
I need 400 more followers to hit the 30k mark on Insta. If those giving thumbs down follow we I hit that target. In that case I will still post my views on Telegram. 😂😂😂
Читать полностью…MARKET: BACK IN BULLS GRIP
Yesterday was the perfect session for bulls
After Friday’s rally, yesterday confirmed trend reversal
Market gapped up, collapsed and rallied to close at day high
Nifty’s texture is now “Buy on dips”
Possible to even hit all-time high in September series
Good chance of a big rally till the special parliament session
Nifty has got good support from IT, domestic stocks except Banks
Only Bank Nifty is showing relative weakness
CUES FOR THE MARKET
For next few days, global cues take backstage
India will outperform unless global mkt totally collapses
Midcap rally is likely to extend even further
Good chance that Midcap Index rallies another 10%
Market likely to go through last stage of midcap exuberance
BSE STOCKS: NEW HIGH/LOW
Group 52-w high 52-w low
A 126 1
B 113 2
Others 161 26
Total 400 29
NIFTY OUTLOOK
First resistance: 19,550 (previous breakout zone)
Bigger resistance: 19,625 (Options based)
Nifty strategy same as yesterday
Buy at open and add in 19,450-19,500 zone
Trailing stop loss for all long positions now: 19,380
No thoughts of shorting this market now till 19,223 is holding
Don’t book profit early, carry for all-time high or even 20,500
BANK NIFTY OUTLOOK
No trades still in Bank Nifty
First resistance: 44,656 (yesterday’s high)
Bigger resistance: 44,716 (options based)
Fin Nifty expiry today, Bank Nifty’s tomorrow
Need to see how expiry changes impact Bank Nifty
Avoid Bank Nifty, focus on Nifty and stocks
Good morning. Have put the setup in Instagram. For next 15 days, I will keep putting it here also. But after Sep 15, its only the insta channel.
Читать полностью…https://x.com/_anujsinghal/status/1700088745524158565?s=52&t=iBCkRBWLqYAieooElK7SeA
Читать полностью…SEP SERIES: 4 GREAT DAYS
Date Nifty low Nifty close
Sep 1 19255 19435
Sep 4 19432 19529
Sep 5 19525 19575
Sep 6 19491 19611
SEP SERIES: BANK NIFTY STILL THE PROBLEM
Date Bank Nifty close
Sep 1 44436
Sep 4 44578
Sep 5 44532
Sep 6 44409
SEP SERIES: IT ALL THE WAY
Date Nifty IT high Nifty IT low
Sep 1 31550 31149
Sep 4 32197 31454
Sep 5 32482 32014
Sep 6 32515 32038
CUES FOR TODAY
Weekly options expiry for Nifty today
Market in complete grip of bulls
FII selling picking up significantly
Brent crude surges to almost $91/bbl
No weakness in Rupee despite all these negative factors
NIFTY OUTLOOK
First support: 19,491 (Yesterday’s low)
Bigger support: 19,423 (20 DMA)
Buy at open and add in the zone of 19,500-19,550
Stop loss for all intra-day longs at 19,423
Stop loss for all positional longs now at 19,380
Profit booking zone for day traders: 19,637-19,666
No profit booking yet for positional traders
Positional traders should have targets of 20,000 plus
BANK NIFTY OUTLOOK
First signs of life in HDFC Bank yesterday
HDFC Bank closed at day high, very high del vol
Need to see if there is follow through today in HDFC Bank
ICICI Bank negated almost all of HDFC Bank’s good work
Will avoid Bank Nifty for one more day today
Bank Nifty still in a broad range of 44,300-44,800
Trading the boundaries on Bank Nifty is working
NIFTY IT: WHAT’S CHANGED?
2 things have happened to lead the rally
1) Market betting on Fed pause
2) Cos have announces large deals
3 large deals this qtr
1. TCS $1bn JLR deal
2. HCL Tech won a $2.1bn Verizon deal
3. Infosys won $1.6 bn Liberty group deal
Again Nifty closing at day high. Carrying longs and adding on all dips worked again. Buy zone was 19475-19525, see today's low
Читать полностью…5 stocks to track in Sep series. Join me on Insta to get the list 😂😂😂. I am prepared for all the thumbs down.
Читать полностью…I know some people are upset given the thumbs down but on Insta my handle is verified. Hence I have to give that platform importance.
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