daerontrading

daerontrading

refer to the levels in chart for intraday levels only for educational purposes

daerontrading

Short Market Report Red candle and a close above yesterday's low is what happened in both indices. Indices took support at their respective channel bottoms and there was good buying pressure after the first few hours of trade. Volatility was too much to handle even for seasoned traders as bank nifty moved 400-800 points in either direction. I was thinking if the...

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Short Market Report Waterfall drop in both indices happened due to combined sell off by FIIs and DIIs. Popular opinion is that FIIs sold due to increasing tension between Russia and Ukraine. DIIs sold to pull out some money to re invest in LIC IPO. We are moving towards the bottom of a recent long term channel in case of nifty which also seems to correlate...

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Watch for this trend line to break out. Target can be 2154 after a successful break out happens SL 1590

daerontrading Updated 

This was shared on July 8 and now we can again trade granules for a target of 370-400 (437 mid term) with SL 300. Covid is likely to have a positive impact.

daerontrading Updated 

Short Market Report Both indices posted serious bullish candles with huge gap up opening and there was no intention to cover the gap. Also, there was no intraday dip given FIIs are not in selling mood. Option and future data suggests long build up. Given all these, we can expect another gap up tomorrow. Question is whether it will sustain or not. Two scenarios...

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Short Market Report Waterfall drop happened in the indices especially in the second half of the trading session. There was a discrepancy yesterday where charts were showing bearishness but FnO data was suggesting long build up. But charts happen to rule the day. Things were bearish from the start and both indices closed in red. This doesn't mean that trading was...

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A monopoly business which manufactures additive chemicals for almost every industry. The more specialty comes from additives used in biscuits of companies like Britannia which determines the exact taste of the product. This is a long term wealth generator and can triple your capital in next 5 years. This stock will be trading above 10,000 by that time. Strategy...

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Short Market Report Straight two days we ended in Red. Volatility was high enough to ruin a lot of day traders. Reliance and HDFC were hugely dragging nifty. Now the big question is how Monday is going to behave given SBI results. Last time, we went into red after very good results posted by HDFC bank on a saturday. The recent up move has been too fast and a...

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Short Market Report Shortest budget announcement with not so much of bad stuff has been received well by markets if we let go of the huge sell off that happened in between. Nifty and Bank Nifty posted almost a hanging man candle which has its own bearish implications but the lower wick is so long that it indicates significant buying pressure on every dip. That is...

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Short Market Report Indices closed in red posting a convincing red candle as was estimated in previous market report. It has been a classic 1:30 PM FII selling leading to a minor short covering by put writers in bank nifty. There has been a bucket load of swing trades by market makers. Option data is all over the place and is kind of spooky. The reason behind...

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Short Market Report Market is playing the pull back rally as we had discussed in our last market report. So, what happened today? Huge shorts were built yesterday and those positions were squared off at the start resulting in huge gap down. The indices took another nose dive few mins later and the down move continued till Nifty reached yesterday's low and then...

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Short Market Report Massive upside noted in last trading session as markets rebounded from the lows. All the short positions were dumped at the start of the session and then it was only a stellar up move. As mentioned previously, Bank Nifty was stronger and still is given daily RSI is maintaining above 50; which is not the case of Nifty. Now, the effect of the...

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Short Market Report The bloodbath seen today has been caused by global cues coupled with the possibility of war by Russia. Though FIIs sold only 3700cr but I cannot rule out if this was not a targeted selling. I can say with absolute assurance that something is going on between FIIs and Indian Government. We may get some clue during the budget, but that would be...

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If you as me one stock that wold benefit from upcoming LIC IPO, that would be CDSL Short Term target 2000 Long Term Target 3100 SL 1400

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Please find the intraday levels in the attached chart This is only for educational purposes

daerontrading

Please find the intraday levels in the attached chart This is only for educational purposes

daerontrading

SHORT MARKET REPORT Both Nifty and Bank Nifty posted indecision candles coupled with huge volatility which is ruining lives of day traders. Both fell almost 4.6% from the recent high. India vix is just spiking and everyone is worried what would happen tomorrow. Now, I can't say that I have come for your rescue but let me give you a few points as a normal human...