aditya_biswas

aditya_biswas

Indusind bank has been hammered due to issues in the micro finance business, which is not the core business of the bank. As on date, it's trading at levels close to it's book value. Unless it's going to get closed, there's little chances of going down further south. few reasons why the price can go upwards and fill the gap created: 1. rate cuts are coming soon...

aditya_biswas Updated 

INFY is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT...

aditya_biswas Updated 

Tesla is trading in one of the lowest levels since retracements. Good part is most of the bad news is already factored in. Now investors need to wait only for the good news which are : Interest rate cut (highly likely to drive up car sales , especially Tesla since it's expensive and most of the TESLA cars are bought on EMI; lower interest rates --> lower EMI) ...

aditya_biswas Updated 

BNF is touching it's life time high along with hitting long time resistance line ( have not broken for over a year). It's quite likely BNF To go down from these levels to : 48250 ( Very HIGH probability) 47500 (High probability) 46500 ( Medium probability ) 45000 ( Low probability ) I will plan for all of these with extensive short positions. Chart regions...

aditya_biswas Updated 

There's a lot of narrative being played around HDFC ( break fds and put in HDFC, best stock of the decade etc ). Very naive way of thing. A quick view of the current levels Post the major breakdown ( the red candle ) The yellow arrows show the bullish weeks, you can see a bullish pullback every alternate week almost. The pink arrows show a bearish pullback...

aditya_biswas Updated 

Bank nifty has taken good support near 46000. For tomorrow, ideal set will be if it touches 46500 and bounces back. this will be the best place to initiate longs for a 500-1000 points upmove. levels are marked within chart. BNF is respecting the channel so far, a great pattern coming in handy so nicely for such a long time. As per indicators, it's turning...

aditya_biswas Updated 

TECHM is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks...

aditya_biswas Updated 

Kotak has broken a long time consolidation levels and broke 1650 with huge volumes which happened only once in the last few years ( zones marked in weekly chart) On Monthly, it has broken the long time support of 1600-1650. hence it's highly probable that it will not rocket upwards from here. Another reason, too many coverage in media & youtube is done on this...

aditya_biswas Updated 

Bank nifty is moving within an upward channel. Coupled with and news and down momentum, it's giving multiple short opportunities. As per Bulls eye indicator, it's in bearish territory, good to keep booking profits and wait for turn around along with sentiment.

aditya_biswas Updated 

All technical indicators ( price & volume based) showing an up move in bank nifty with a long bias but here's a twist to the story 1. FII & DII are heavily bearish in futures while retail is strongly bullish. If a correction comes, it will be super sharp. 2. FED meeting this week, Fed will not cut down rates in H1 of this year, indicating a bearish sentiment in...

aditya_biswas Updated 

Hi All IndusInd has entered the dirt cheap valuation territory. As we can see the net income of the bank ( blue line at bottom) has been steadily going up and up with no downward shift. The price of the bank has broken the standard deviation vars in the supply zone and hence in attractive prices. I believe it's time to go long on for very good return in next 1-3...

aditya_biswas Updated 

BNF is a very critical juncture, either it's going to break out or break down very soon. The yellow arrow (up & down) points to the potential short term targets. Key points: 1. overall sentiment is neutral to negative. Breaking the green line might move into bear region 2. staying at current band and above trend line will be bullish 3. Keeping hedge and doing...

aditya_biswas Updated 

The scrip has corrected significantly and probably bottoming out around 2700. Upon breaking the trend line , long can be initiated. SL will be 2675. Hedges can be placed on target and SL to optimize returns As per chart patterns, the stock should reach Target 1 : 3000 Target 2 : 3150-3200 SL: 2675

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aditya_biswas Updated 

Way forward for BNF Long on from 40100 with hedges in 40000 pe for monthly Expecting up move into 41200 territory for first profit booking

aditya_biswas Updated 

Adani is highly volatile at the moment and can go either way based on events on the next two days. As per indicators it turned bearish more than a week back. Best time to short was post report publication on 27th morning. Points to observe : 1. The critical support of 3000-3100 is broken heavily. 2. The next near support is close to 2000-2200 followed by 1500....

aditya_biswas

Nifty is highly volatile given two events : 1: Adani group & Hindenburg saga 2: Budget 2023 Current it seems to be bearish with indicators pointing towards a free fall to support zones of 17100, 16000 and 14500 respectively. But given the volatility there might be sharp upturn in nifty and breakout if some positive announcements are made in Budget or ...

aditya_biswas Updated 

BAnknifty has given a min breakout. Asian markets seems to be a positive mood , so went long in the last 15 mins of todays trade. here's the position | 2nd Feb expiry Shorted 42900 pe and ce with a premium of 967 | taken since this is a congestion zone Shorted 43500 pe at 800 | Overall trend seems to be positive , hence carrying long position Position is...

aditya_biswas Updated 

Kotak Bank Bank is in bear zone for long, looks like to rebound as per dour indicators Hence taking bullish trade with hedges Shorted 1900 PE Hedged around ~1750 Target 20k+ per lot Updates to follow