Replete Equities

*Power Sector Update* * Power demand grew 11.6% YoY in May, with peak demand hitting a record 270 GW. * Renewable capacity reached 537 GW, with 51 GW added in FY26. * Q1 FY27 outlook remains positive, supported by 8%+ demand growth, renewable additions, and better transmission execution. *Top Picks* * NTPC * CESC * Positive long-term on Tata Power and Power Grid Corporation of India, but valuations look stretched. * Cautious on Suzlon Energy and Inox Wind due to solar + storage-led tendering. * Indian Energy Exchange: Maintain Reduce rating.

*Stocks Update:* *Prince Pipes:* * April started slow, while May demand improved and remained in line with expectations. * Focus continues on inventory management after inventory losses over the last two quarters. * CPVC segment expected to grow faster than PVC. Strategy focused on: * Branding * Innovative product launches * Increasing distributor throughput *Guidance* * Volume growth: 12-15% * EBITDA margin: 11-13% *Target Price* * Target Price: 232 * Estimates increased by 4%, but rating is Reduce *Honasa Consumer – Key Takeaways (not covered)* * FY31 revenue target: 5,500+ crore (vs 2,400 crore currently). * Mamaearth: 2,000+ crore revenue; Derma Co.: 1,500+ crore revenue. * EBITDA margin target: 15%+ by FY31 (vs ~9% currently). * Direct reach to increase to 3 lakh+ outlets. * Next 2–3 quarters expected to be strong due to favorable base. * Positive near-term outlook, but not a buy-and-forget story due to competition.

*Market Outlook* * Markets corrected sharply in the second half after crude-related news flow. * ⁠Markets lost ~250–300 points from the top between 2:00–3:30 PM * Midcap and small-cap stocks saw significant selling pressure. * Positioning in mid and small caps remains elevated, which could weigh on markets if Nifty breaks below 23,000. * FIIs have reduced selling intensity in the last few days but remain net sellers. * Domestic funds remain largely cash-neutral and are waiting for a meaningful correction before deploying more capital. *Key Levels* * Nifty Support: 23,000 * If 23,000 breaks, next major support is 22,200 (52-week low). * India VIX recovered to 15.6; a move below 15 would be positive for markets. *FII DII Activity:* *Cash Market* DII: +3123 crore FII: -2124 crore *Events:* BSE Sensex weekly expiry due today while weekly closing on charts is seen tomorrow

_Morning Snippet - 11th June 2026_ *Index Observation* Nifty trimmed all of its intraday gains by closing hour - exactly opposite of what it did in the previous session wherein the index trimmed all losses as global headlines kept heating on the west asia front and liquidity squeeze is pressing in US markets due to a large IPO going live despite CPI data being large positive. Overall broader view remains what was shared earlier with important weekly closing seen above 23400 and below 23000 for a wider view on the index. On the Bank Nifty front, both of its short term target have been met at 54600 / 55200-450 zone after its support reversal last week near 53500. Broadly this short term outperformance - strength has completed near 55450 which can now take charge from Nifty in terms of outperformance. Tuesday’s low of 54200 now becomes important for the short term. Fresh fear has emerged on West Asia front since last night yet crude remains close to 1 month low hence a larger downside seems capped. BSE Sensex weekly expiry is scheduled for the day followed by weekly closing on charts. Global markets might again focus on FOMC outcome next week. *DERIVATIVES | Trade Setup* *Cash Market Activity* DII: ₹ 3,123 crore FII: ₹ -2,124 crore *Week-to-Date (WTD)* DII: ₹ 14,447 crore FII: ₹ -12,245 crore *Month-to-Date (MTD)* DII: ₹ 48,381 crore FII: ₹ -43,361 crore *F&O Cues* FIIs stance on index futures were neutral in previous trading session. They have added 5k net long contracts. Their net position now stand at 273k short contracts. In the options segment, the 23500 call has maximum call open interest and will act as strong resistance. On downside, 23000 will be acting as a support. *Interesting Observation* The Shanghai Composite Index is brimming near a 19-year trend line breakout. Price is merely 6-7% away from the latest swing high, above which this trend line breakout would also come into action. China is one of the largest producers and consumers of industrial metals worldwide, and hence any major move tends to influence metal prices. The much-awaited trend line breakout can act as a tailwind for industrial metals. Another major catalyst for the base metals is the Dollar Index (DXY). Recently, we highlighted how the DXY is at a historically significant inflection point near the 100-101 zone, and a breach of 99.7 levels can invite downside momentum. The DXY has already dipped from 100 levels, and a breach of 99.7 can act as a boost for metal prices. Until the breakout in Shanghai Composite coupled with further decline in the Dollar Index is not attained, trend in metals and metal-related stocks can be subdued.

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I've been a little less active here over the last couple of weeks because of some personal commitments. But I wanted to check in with everyone. What is your biggest challenge in trading right now? 1️⃣ Risk Management 2️⃣ Strategy Selection 3️⃣ Emotional Decisions 4️⃣ Time Constraints 5️⃣ Consistency Reply with the number only. I'm curious to see where most traders are currently struggling.

_Morning Snippet - 9th June 2026_ *Index Observation* Nifty ended over a percent in red in line with what the Gift Nifty showed over the weekend. Despite repeated attempts intraday recovery could not sustain on the index. Overall the broader view we had highlighted last week remains in play. We need to see a Friday closing above 23400 or below 23000 for a wider move to commence on either side on the index. Bank Nifty marginally outperformed Nifty even yesterday as its ratio chart breakout continues to power the move. 53500 remains crucial support on the index while a retest of 54600 and there after 55200 zone remains open. Both indices did not breach its opening low yesterday. NSE Nifty weekly expiry is due today followed by BSE Sensex weekly expiry on Thursday. *DERIVATIVES | Trade Setup* *Cash Market Activity* DII: ₹ 5,165 crore FII: ₹ -5,555 crore *Week-to-Date (WTD)* DII: ₹ 5,165 crore FII: ₹ -5,555 crore *Month-to-Date (MTD)* DII: ₹ 38,722 crore FII: ₹ -36,696 crore *F&O Cues* FIIs stance on index futures were bearish in previous trading session. They have added 10k net short contracts. Their net position now stand at 278k short contracts. In the options segment, the 24000 call has maximum call open interest and will act as strong resistance. On downside, 23000 will be acting as a support. *Interesting Observation* Last week we looked at the ratio between Bank Nifty and Nifty, and how the banking stocks are set for outperformance against the broader Nifty 50. This behaviour is clearly reflected in yesterday’s price action. The Nifty 50 broke its prior swing low which had formed around mid-May. On the contrary, Bank Nifty is standing stronger, trading well above its swing low formed around the same time in mid-May. When compared to their respective swing highs, Nifty has declined by 61.8% of its pullback rally. Meanwhile, Bank Nifty has already shown signs of demand from its similar level of 61.8% Retracement and is currently trading above it. We believe this only strengthens the case for continued outperformance by banking stocks. While the market cap heavy constituents residing in the Nifty 50 are weighing on the index, focus can remain on other segments that are showing relative strength and outperformance.

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Published a new Article on blog. Here is the details: Indian Stock Market Prediction for Monday (June 08, 2026): Will Nifty Hold 23,287 or Slip Further? https://www.repleteequities.com/blog/stock-market-prediction-for-monday-08-june-2026

₹5616.56 cr sold by FIIs yesterday. Nifty closed at 23,400 after a sharp recovery from 23,150. The gap left on the way higher was filled, and a 1% recovery was seen from the lows. The system indicated a potential bounce after the gap fill, and most traders missed this opportunity. The rule said to look for a recovery after a gap fill, and this is what happened. The recovery was sharp, with Nifty closing slightly above 23,400. Without a systematic approach, traders would have struggled to navigate this volatile market. The principle is to follow the rules and let the system guide your trades. A trader using our system would have seen a potential profit of around 1% from the lows. The result is clear: a systematic approach can help you navigate volatile markets and potentially generate profits. DM me on WhatsApp: +91-7229945555 to discuss how our system can help you. #OptionsTrading #NiftyTrading #BankNifty #SystematicTrading 👍 — Sachin | Replete Equities

Market Outlook: * Another huge sell day for FIIs yesterday. * Nifty came down to 23,150 to close the gap left on the way higher. * After almost a month-long consolidation between 23,150 and 23,900–23,950, Nifty retraced to fill the gap. * After gap filling, a sharp recovery was seen in the second half and Nifty closed slightly above 23,400. * Almost a 1% recovery from the lows. * IT stocks were heavily sold and hammered in a single day. * Except IT, no other sector was down more than 1%. * Continued FII selling may make it difficult for markets to sustain current levels and may eventually lead to a break below 23,000. * Any resolution in the Gulf region could provide support. * Crude was at 98 when markets closed yesterday and is currently around 96.5. * India may continue to remain a funding market where FIIs sell liquid large caps and fund purchases in other markets. * Domestic institutions may struggle to absorb selling as fundraising activity has increased through QIPs, OFS and blocks. * Additional fundraising may be funded through selling of liquid large caps. * View remains that markets may continue to consolidate within the range awaiting better clarity. Derivative Side: * Volatility is expected to remain elevated. * Nifty range remains 23,300–23,800. * Markets are opening around 100 points lower following global cues. * 23,300 should hold today and recovery may be seen if opening is around 23,200–23,250. * 23,500 is the crucial resistance in the near term. * 23,800 is the next resistance. * A decisive close above 23,500 is required to regain momentum. * Broader range remains 23,100–23,900. * IT names closed deep in the red and may see further spillover impact. * Banking stocks outperformed Nifty by 1% yesterday and may continue to outperform. * Banking and auto names look good. * IT and real estate may remain under pressure. FII DII Activity: Cash Market DII: +5740.89 FII: -5616.56 Events: BSE Sensex weekly expiry today RBI Policy on Friday(tomorrow)

Neutral trend ahead as market signals mixed expiry day cues. 23,200 and 23,400 are the key levels to watch for Nifty, while BankNifty is range-bound between 53,000 and 56,000. These levels will be crucial in determining the next move. The PCR of 0.99 and India VIX at 16.1 indicate a balanced market with no clear bias. This setup demands a disciplined approach to trade management, focusing on structured risk assessment. DM me LEVELS for tomorrow's key zones — +91-7229945555 — Sachin | Replete Equities

As we approach the month end, it's essential to review our trade journals and assess our performance. This exercise helps identify areas of improvement and refine our risk management strategies. I've seen many traders focus on profit targets, but it's equally important to analyze loss patterns and adjust our position sizing accordingly. By doing so, we can optimize our delta-neutral approach and maintain a systematic trading mindset. It's crucial to separate emotions from our decision-making process and rely on data-driven insights. As you review your month-end performance, ask yourself: are you sticking to your rules and managing risk effectively? 📊 DM me "Trade Review" to discuss your progress and get guidance on refining your strategy. — Sachin | Replete Equities

*Month Wrap — What We Covered*. This month, we shared 13 trade setups and posted 7 case studies to help you refine your understanding of delta-neutral trading. Every market open, we discussed key levels to keep an eye on. These regular updates are crucial in helping you develop a systematic approach to options trading. As we move forward, it's essential to reflect on the data and rules that govern our trades. We'll continue to focus on risk-defined strategies to minimize losses and maximize gains. If you're looking to take your trading to the next level, I'm opening a new batch of the Mentorship Program next month. Seats are limited to ensure personalized attention. DM me Mentorship if you're ready to get serious about your trading journey 📊 — Sachin | Replete Equities

Final registrations closing shortly for today’s live workshop: 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗢𝗽𝘁𝗶𝗼𝗻 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗶𝗻 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 This session is focused on: * practical execution * structured hedging * strike selection * OI adjustments * risk-defined option selling Not trading tips. Not hype. Only structured execution frameworks. Registration closes soon: Today at 11 AM. “Structured Option Selling in Volatile Markets” We’ll cover: ✔️ Credit Spread Structuring ✔️ Strike Selection Frameworks ✔️ OI-Based Adjustments ✔️ Risk Management During Volatility If current market conditions are exposing weaknesses in your execution framework, this session will help significantly. Last few seats remaining. Registration closes shortly: https://tally.so/r/Pdkjrb

Today at 11 AM. “Structured Option Selling in Volatile Markets” We’ll cover: ✔ Credit Spread Structuring ✔ Strike Selection Frameworks ✔ OI-Based Adjustments ✔ Risk Management During Volatility If current market conditions are exposing weaknesses in your execution framework, this session will help significantly. Last few seats remaining. Registration closes shortly: https://tally.so/r/Pdkjrb

Most traders already know strategy names. Iron Condor. Iron Butterfly. Credit Spread. But when volatility suddenly expands… execution breaks. That’s where the real problem starts: - emotional adjustments - random hedging - oversized exposure - late reactions This Saturday’s workshop is specifically focused on: how structured traders deploy hedged option selling frameworks during uncertain markets. We’ll cover: ✔ strike selection ✔ stock/index scanning ✔ OI-based adjustments ✔ defined-risk deployment ✔ execution frameworks 📅 Saturday 💰 Registration: ₹999 Seats are filling steadily. Register here: https://tally.so/r/Pdkjrb

📌 𝗟𝗜𝗩𝗘 𝗪𝗢𝗥𝗞𝗦𝗛𝗢𝗣 𝗙𝗢𝗥 𝗢𝗣𝗧𝗜𝗢𝗡𝗦 𝗧𝗥𝗔𝗗𝗘𝗥𝗦 Most traders are struggling in current market conditions because they are:   • selling options without structure   • choosing strikes emotionally   • overexposed during volatility spikes   • adjusting too late So this Saturday, I’m conducting a practical workshop on: “Structured Option Selling in Volatile Markets” In this live session, I’ll break down: ✔️ How to identify ideal market conditions for option selling ✔️ How to structure high-probability credit spreads ✔️ How to deploy Iron Condors & Iron Butterflies systematically ✔️ How to select strikes logically ✔️ How to use OI data for adjustments ✔️ How professional traders manage risk in volatile markets This is NOT a tips session. The focus is on: structure, execution & risk management. 📅 Saturday, 30 May at 11 AM. ⏰ Live Online Workshop 💰 Registration Fee: ₹999 Limited interactive seats. Register here: https://tally.so/r/Pdkjrb — Sachin Sival Replete Equities

₹𝟭.𝟱 𝗹𝗮𝗸𝗵 𝗰𝗮𝗻 𝗯𝗲 𝗹𝗼𝘀𝘁 𝗶𝗻 𝗮 𝘀𝗶𝗻𝗴𝗹𝗲 𝘁𝗿𝗮𝗱𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗶𝗴𝗻𝗼𝗿𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝘀𝗶𝘇𝗶𝗻𝗴. This is a harsh reality that many traders face when they neglect to incorporate a well-thought-out position sizing strategy into their trading plan. As a seasoned options trader, I've seen this happen to even the most experienced traders who have a solid understanding of the markets. The insight here is that position sizing is not just about managing risk, but also about maximizing returns. When you size your positions correctly, you can minimize losses and maximize gains, which is essential for long-term success in trading. This is where a systematic approach to trading comes in, as it helps you make objective decisions based on data and rules rather than emotions. A real example of this is when we had a trade setup in Nifty options that had a high probability of success, but the market moved against us. Because we had sized our position correctly, we were able to limit our losses to ₹20,000, which was a fraction of our overall capital. If we had not sized our position correctly, the loss could have been much higher, potentially even ₹1.5 lakh or more. The takeaway from this is that position sizing is a critical component of any trading strategy, and it's essential to get it right if you want to succeed in the long term. By incorporating a systematic approach to position sizing into your trading plan, you can minimize losses and maximize returns. DM me on WhatsApp: +91-7229945555 #OptionsTrading #NiftyTrading #BankNifty #SystematicTrading 💡📊 — Sachin | Replete Equities