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📊Short Market Report📊 Extreme bearish move opens a Pandora's box. Even if the sentiment is extremely bearish, there is a high chance that there might be something what I call a slingshot rally. Having said that, this is a bearish engulfing pattern. Keeping that in mind, the following levels will help. As I always say, analyse the market as it is. Market doesn't...

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Short Market Report Nifty closing above 17500 shifts things more towards the bullish bias. But don't confuse with bullish reversal. Today it formed a Doji with a long down wick. That's what we call a dragon fly Doji. It usually suggests a bullish reversal. But there are certain criteria to confirm that. It has to be at the end of a major down move, it has to form...

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📊Short Market Report📊 Cracks have widened on the down side. Over optimism has been curbed. Simply speaking, if we don't bounce from 16740-16800 zone, expect 14880 in a few weeks. December is usually a selling month for FIIs coz they go for the holiday season. Now, this is only going to compound the problem. But as a trader there is no problem unless we can't...

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Good time to do SIP in Hindustan Unilever. Best buy below 2000. 1700-1900 Long term Target 6000+ 5+ years

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📊Short Market Report📊 Market showed its cracks by the steady bearish move it took on Friday. I was confident that 17200 was not to be broken. But it closed 4 points below that. Still 17000 is the next string support. Bulls are confident that 17000 will not be broken. They were also confident that 17500 would be broken on the upside. So, we need to analyse things...

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📊SHORT MARKET REPORT📊 Bullishness prevailed. Short covering happened after 17336. Option buyers got suped up as the decay was massive. Getting to the point, we are still on the last leg of the correction wave. To negate that, nifty needs to sustain above 17532. Nifty had an unprecedented but expected up move today and there is some possibility that this can...

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📉SHORT MARKET REPORT📈 Extreme volatility and a resultant sideways market is what happened today. We are in the second micro wave of the major wave C. In other words you can say we are forming another bear flag. You can expect the market to rise until 17800 after which you will see the third micro wave which is a down wave. 17600 -17800 is the range where the up...

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📊SHORT MARKET UPDATE📊 That is classical stock market for you. Everyone was bullish for today even me. And everything went accordingly. But FIIs pressed the buy button at exactly 1:33 pm. So we took the opportunity to trade put options and made profits. One of our forum members wanted to sell, but I had stopped him. Then I pressed sell after sometime. Dunno oft it...

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📊SHORT MARKET UPDATE📊 As expected we got that rally. I said previously either it's 5 or 7 red candles after which that happens. So it's 5 here now. Tomorrow you can expect it to continue till 17600. It has to be seen if it sustains above that. It will lead to another round of short covering. Today's up move was due to DIIs buying heavily plus short...

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📊SHORT MARKET REPORT📊 A huge bearish candle today indicated more downfall that is coming. So we can expect nifty to fall for next two days continuously. Caution has to be applied that we may see the second micro wave or an up move any day soon. So, protect your capital with stoplosses. This may be quick pull back rally. I would suggest not to aggressively short...

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📊SHORT MARKET REPORT📊 We are following a downtrend and we have had 5 red candles already. Usually what happens is, in a down trend after every 5 to 7 candles you see a green candle. The next things is in a down trend there are 5 micro waves ... 3 down and 2 up. We are on the first already. Given that, we will see an up move next week probably Tuesday or Wednesday...

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📊SHORT MARKET UPDATE📊 The bear flag that had formed in nifty paved the way for today's downfall and we have fallen out of that interim rising channel. The downfall is likely to continue and the next level of significance is 17600 from where last time we bounced back to form the bear flag. In case of bank nifty, it is entering a zone where previously bank nifty...

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🧾📊SHORT MARKET REPORT📊🧾 Nifty negated the up move seen on 12th Nov and closed firmly in red. We are still continuing the bear flag🚩 formation. Any close below 17600 would confirm that we are on the 3rd wave or C wave of this correction phase. Option data suggests fresh short in Calls and gynormous short covering in the Puts indicating bearish trend ahead for...

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Neogen Chemicals Ltd. is a 30-year old company specialising in Bromine based compounds, Grignard Reagents and Inorganic Lithium Salts. Constant uptrend in revenue and Net Profit. Cash flow is rising. Good for long term investment.

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Nifty is continuing the formation of a bear flag (marked green) which is indicating weakness in near term. Nifty opened, tried to cover the gap but closed below previous close. Overall, bearish bias is there in index. In case of another drop, 16740 is a level of mathematical significance. To undo this, nifty has to give a convincing closing above 18197. Till...

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Adani Power is back to oita long term trend line and is preparing for another bounce. Can be traded to 135 in short term with a stoploss of 98 RSI is following price action

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A widening wedge in an uptrend is a problem in itself. Add to that the ingredient of RSI which is forming lower highs. Price action is forming higher highs. This divergence is a warning sign for a down fall. Don't get me wrong, the trend is bullish but you need to be cautious with these signs. Fresh entry to be considere in 1200-1300 range. Target 1700. Stoploss 1000

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📈📊Short Market Update📊📉 Nifty has closed above 21 DEMA with convincing immense buying pressure. This is reflecting a return of strength in the market. Expect this momentum to continue for next few sessions. The only thing bothering me is the bear flag formation which is still continuing. To negate that Nifty has to give a close above the critical level of 18197....