breakout again no need to short or add position one can only hold to the long this is a bear trap market reversal trades have to be traded with stoploss
sold 42700 put@ 74.55 i am expecting bank nifty to break todays upper range near closing time and range bound for tomorrow lets see how this trade work out
first target is marked will update more as price unfolds
will buy tommorow my targets are 550 / 560 in 3/4 months marico is at a great buy zone strong conviction at this moment but lets see how things un folds
levels for dow stays above 33475 long target 33620and then trail stop 33270 breaks 33475 on the down short stop 33590 targets 33270/33141 if dow is bullish today at the i will cut my shorts on nifty on monday
i think it has completed minor complete wave if so should give abc down move from now on we will see. if sustain above marked levels will analyse again for now great time to book profits for short term trading only will be posting a weekly wave cycle chart also have a look on that for a more longer term picture for gold
NSE:PNB have booked my profits but this is a projected targets for those who are holding from lower levels one should look to book profits near 65 to 68 range no fresh position is advised and one should not get in now as it too late for a good entry but the move is still on hope you hold on to the winners
last leg of correction as per wave theory remember panic must be created if a bottom has to be made will update when needed short term bias is not positive but there is nothing to worry as for investors
My minimum target marked on the chart cannot buy all psu bank separately have bought pnb seperately will buy psubees now as this is going up only will not sell whole quantity on the target will sell have quantity on target rest i will hold
GOOD NEWS for stock holders and the reason for the pump in gold usdx has just taken a big dive down from the major breakout levels so there should not be any more panic for stocks for now till usdx is trading below the former breakout levels and now the big resistance will update on down targets later
there is no reason to panic as of now it is just a normal correction after a big move nifty can easily take support at 18150/18100 levels and a bigger but normal correction will take it to 17600/ 17800 levels easily however if the fall is not a sharp one the overall market may remain good that is that the small cap and midcaps will keep on going strong as they...
as major support for nifty approaches at 17180/17200 levels this week or may be the next week these are important levels for a break down or reversal. coming days will give clear direction for a one way big move possible on both sides
some good days finally back usdx is down vix is down stocks look good for now just the dip now
104.4 if usdx starts trading above it next stop and fast move till 105.93 is expected which will be pain for gold and equity
volatility ahead breaking out must keep an eye on vix also
i have both type of view on mrpl trading as well as investment trading view = buy target 62/65 stoploss 55.50 but i will invest in mrpl in sip mode i will share my stratergy with you and the reason for my view and let me know if like it or not and agree or not some key stats for mrpl mcap to sales = 0.09 price to cash flow =. 2.13 price...
this pattern is very similar to adani ports have been watching both stocks very closely no matter what the media says when it is looking bad on charts it is bad in real levels of below 1550 look real now as the falling trendline support is there time will tell where it make bottom all influencers and you tubers were seen promoting kotak bank for long term...
nifty 50 BEARS take over no long position will only sell calls on every bounce from here till next update bulls will have to take over 18000 levels to take control 17700 major hurdle now 14900 targets in may or june