kunal_finner

kunal_finner Updated 

Earnings Deacceleration in recent quarter Massive competition from likes of Healthians etc Bounce back from the lows and now forming a high base May test lows again if the market even shows a hint of weakness

kunal_finner Updated 

Many stocks have rallied hard after good results in indian markets Indigo has been in a trading range for close to 2 years without any major triggers Results, fundamental outlook in terms of crude and travel could be key catalysts Take a small position before results and a full position right after results if they are good If results are not great, can...

02:58

kunal_finner Updated 

4 Reasons to why Bharti is a good 4-8 week bet - A 10% move is not completely unlikely but 5% is probably par for the course Weekly charts setting up consolidation, as is the monthly Good results - clearly profits are what leads the price for Bharti (see the charts) Satisfies the Mark Minervini criteria template for a strong stock Options are cheap -...

kunal_finner Updated 

Breaking out of long term consolidation Look only at the weekly and monthly charts - daily charts fairly irrelevant here A 10-15% rally could happen if the stock gathers some momentum and get volume behind it Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures The stop will need to be at a level of 580 or when the...

kunal_finner Updated 

Indian Hotels is now moving towards the life high on back of slow intent buying Wait to pick up stock / call options on reversion back to 21 EMA - around 332 Dont chase this stock as it goes higher - prefer to take a position lower and then wait it out Stop loss is around 315 for a target of 365 Weekly squeeze is also firing to the upside so this trade...

kunal_finner Updated 

Nifty has bottomed on a weekly basis and bounced back from the 16900 levels - clearing all shorts Historically this has happened a few times - and every time it does tend to revert back to the mean - in this case 17800 On Monthly charts - there is a reversal in momentum for the first time since 2021 end How to play this? Implied vol for June options is...

kunal_finner Updated 

Weekly chart - C wave (long term) is positive, As is the Daily Chart Breaking out and then pulling back into support. Buy at support levels of 930-920 for target of 1000 + (3 ATR) in 3-5 weeks time Keep stop below - 1 ATR (14 day ATR) around 900 levels. Ideally buy call spreads for April on this

kunal_finner Updated 

IV here continues to be very high - highest in the market (60 th percentile) However the momentum on weekly and monthly basis is lower - not higher Too much noise and news on Adani Group to make any sense - ignore it and play the charts only Daily range is reducing over time (ignoring the expiry day move) - that means this stock is winding up for a large...

kunal_finner Updated 

Consolidation below highs over. Turning back on the daily charts as well as weekly charts Bull trend on weekly charts started in 2020 - and the past 2 months were a longer term pull back in this bull trend Stop Loss - 950 which is the median of the level at which consolidation started Price Target - 1050 which was the previous high Low Risk / Higher...

00:53

kunal_finner Updated 

Resistance - 1600 Target - 1400 Puts @ IV of 28% (relatively cheap) Bear Flag already in play - wait for it to come back to the 21 to short Other factors - below 200 DMA, bearish momentum and similar moves in the past Stop loss - 70 (cost of the put) + Time stop is 30 days (mar expiry) Other risks - Market becomes extremely bullish

kunal_finner Updated 

* Consecutive bear flags - the stock drops and then consolidated before doing the same again * Tech sector is being sold off and this stock has continued to be sold on bounces * Technically oversold but now that it has consolidated for a few days - expect it to continue its march downwards * Stop at technical resistance at 3600 - ideally buy an ITM put and leave...

kunal_finner Updated 

* Momentum to the downside with alll the loving average on top of each other * Momentum is trending lower with a squeeze taking it below 1900 very likely * IV is quite low (25%) for this stock and hence the put sellers could panic is the stock goes below 1900 selling aggresively * Stop at 2050 and a target of 1800 (if and when 1900 is cleared)

kunal_finner Updated 

On weekly basis showing strength and in a sustained upmove Currently around 1700 or so. However there is a chance of reversal on the daily chart back to 1650. Keep this on your watchlist and buy in dips back to 1650 One good strategy could be taking a small position - 20% of your full size now and then catch more on the downside Strong resistance at...

01:48

kunal_finner Updated 

Sit on your hands kind of spot for now. Wait for the trade to come to you If anyone sold puts below 39000, i would keep those on a very tight stop as in a falling market, even levels of -3 ATR can be touched

02:12

kunal_finner Updated 

Multiple supports at 16800, however tremendous selling momentum to the downside could carry it just below to 16750 16800 is the 2 ATR level as well (which is rarely broken even in the sharpest of falls) - looking back 3 years Cover shorts at 16800 - then wait for the next move. If nifty heatmap shows sustained green / buying across stocks then sell a put...

kunal_finner Updated 

ITC continues to stay under LTH, building tremendous energy. Bounced back off 370 odd when market sold off Weekly chart breaking through consolidation Target - 420-440, Stop Loss at 370 Calls - IV at 17% means you only need 3% move in 52 days (till April exp) to break even. Buy ITM Calls 380, Sell 420 Risk - Nifty collapses below 17300 - all bets are off then

kunal_finner Updated 

As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner Close to life highs, very strong buying / switching from high beta stocks IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already Keep stop at 172 - which is the logical resistance and expect...

kunal_finner Updated 

* Touched the trend channel and now turning lower * Will test the low of 39500 before a bounce back - that maybe a place to take some profits * 39000 can be taken out as all components - HDFC, ICICI, SBIN and Kotak are showing breakdowns below key levels * Will have intermitten boucne backs - however those have to be sold * IV at 14% is still very low given the...