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SUMMARY:- -on 2 hourly chart the index has made an inverted pattern -today is expiry so move can be wild -we had discussed to re-enter in nifty above 17780 -on if we close above 177780 -good pattern if breaks opens up probability of a move towards 18100 -fii net long exposure is low -dxy reverted and has negative divergence on daily chart and weekly chart...

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SUMMARY -look at the week chart of sbin -once a weekly close above 550 is achieved -positional trade opens up for 600-620-650 zone -banknifty breakout and will test new all-time high -diwali target again in sbin 620-650 -will update target -540 call option oi has seen 1.5m in short-covering -base is shifting higher DISCLAIMER *my views are not trade...

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*GLOBAL UPDATE -wall street had a great week -we have a bullish engulfing pattern on weekly chart -a clear ascending triangle pattern can be seen in weekly and daily chart -although the current move can be seen as a short-squeeze -the rally in usa market was lead by weakened dollar and fall in crude oil prices -we had discussed it last time that we have...

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!!good morning members!! -back with a weekly update global observation -dollar index above 110 which is bad -we have discussed this higher the dollar index fii will pull money -but the daily chart in dollar index is showing negative divergence -which indicates a top in dollar index is near USA MARKET UPDATE -index closed negative of friday too -record...

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SUMMARY -the index is giving a very bullish signal on daily chart -a possible bullish flag breakout -after the bloodbath on wall street indian markets have recovered nicely -if pattern breaks one can initiate a positional trade on banknifty index -the view is till diwali so planning is important -ideal scenario is to go long in banknifty above 39500 some of...

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OBSERVATION *pcr is down to 0.7 *we had expected a knee-jerk reaction in the market *vix index has come out of the bottom *now more than nifty banknifty has given a healthy correction *crude is hubbling around 95-97 *dollar index has risen above 108 *US-10Y above 3% *all not good signs for banknifty index *but we have seen them come down from this...

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OBSERVATION *i had in advance told you there will be one knee-jerk reaction in markets *we expect a move on friday on the down side *we are prepared for that action *on friday we expect us market will fall *reason there was huge expiry in s&p 500 expiry *dollar index again above 108 and sustaining *US-10Y again above 3% *s&p 500 rejected 200-dma *fii have...

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SUMMARY -there was a major complication in banknifty index at lower levels -one time in june based on data we were looking for a breach of 32200-31800 -that time crude hit 130 dollar major rate hikes were in place -dollar/inr pair starting crossing 77.5 and hit a high of 80.2 -but somehow the banknifty index started absorbing the bad news and started looking...

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-first of all sorry members for not posting the update last week SUMMARY IMPORTANT OBSERVATION -coming to data over the weekend let me share you something important -whenever in the past usa market has given a bear rally retracement of 50% from bottom -market have ended up creating the bottom -that figure ended was crossed near 4230 -only hurdle will be on...

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SUMMARY:- *stock has broken out of inverted head and shoulders breaking out *stock is set to move higher *stock can be added on dips *metals are tricky and are affected by commodity news *but stock has covered today the gap zone SAIL OPTION BUY 80 CE SEPT BUY@5.5 STOP@2.5 TARGET@8-10-12 SAIL SPOT BUY@80 STOP@74 TARGET@85-90-95 DISCLAIMER *my views are...

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LAST WEEK UPDATE -back with an weekly update again -last week market tested our expected levels of 17200 -we did not predict the clear upmove -but we were ready to pounce on the market after swing high and hidden trendline level breach of 16050 and 16420 GLOBAL UPDATE:- -last week was heavy news driven -us mkt after the double bottom breakout on major...

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SUMMARY:- -stock is on the verge of breaking out of bullish pole flag pattern -its a continuation pattern -once market starts to sustain above 365 will see a clear move towards 380-390 -396-402 is the supply zone for the stock -if that breaks then again range of 420-430 will open up DISCLAIMER *my views are not trade recommendation *please consult your...

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SUMMARY:- *last week we had a strong marabuzo candle on both banknifty and nifty *markets has seen tremendous short-covering rally *like we dicussed a move above 16420 will lead to 16670-16780 *we discussed major hurdles in the market as well at 16850 *we know that we will break a swing low pattern above 16850 *if a close above that is achieved we can see a...

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SUMMARY:- -keep an eye on indusind bank -we have a major resistance break on the cards -it can open up area of 960-1020 -possible inside bar break -morning low will be our stop in the trade INDUSDIND BANK SPOT TRADE BUY@960(wait for closing neat this level) STOP@940 TARGET@980-995-1010 RISK TAKERS AND OPTION TRADERS INDUSIND BANK 980 AUG...

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SUMMARY -stock is breaking out of its double bottom pattern -looking good for a 10% move -keep an eye on the stock trent futures trade buy@1215 stop@1165 target@1275-1295-1345 DISCLAIMER *my views are not trade recommendation *please consult your financial advisor *do not over trade *manage risk and manage risk appetite *for live market update click on the...

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SUMMARY:- -stock has broken out of a double bottom pattern on daily timeframe -today we are expecting gap-down opening -after gap-down if yesterday high is taken out then we enter fresh long in adani port -target will be 1.5 the size of pattern in adani ports -adani stocks have got fresh spring -wait and watch for inital 15 min if high is taken out we will...

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SUMMARY:- GLOBAL UPDATE *US mkt saw short-covering after good consumer and retail sale confidence *remember great the sales easier to hike interest rate *double edge sword *fed speakers used their words to remove market fears of 100 basis hike *fed fund rate forecast came down drastically from 82% to 40% also caused short-covering *as per our expectation...

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SUMMARY:- -friday we had tcs numbers -numbers were weak -we had cpi numbers by china on friday -they came higher then expected -european inflation also higher -reliance weekly double top and tcs numbers heavy weight will have effect on market -twitter drama and cpi numbers on wednesday will have a toll on usa market -dxy sustaining above 107 showing signs...