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Nice trade, good to go. With WCB stop 770 Buy range 830-880. Tgt open for 1000-1180. WCB entry confirmation 850.

Just found these trades strong so shared.!!

CCL Buy 530-560 Tgt 700 Stoploss 470 WCB Can wait for weekly confirm close, it should close abv 530.

JBMA Buy 500-520 Stoploss DCB 440 Tgt 600-650

For reference

Our take on market is, this recovery can be short covering. From 2012 to 2022 track MMI takes double bottom and then we see fresh rallies. MMI reading is improved yet not confirmed to take fresh buys. We will wait for sentiment change. Till then markets can be sideways for 2 weeks.

This week was hard to manage spread. 😅

This alternate view which can be seen. If this happens on every rise plan will be to exit portfolio. Play hedged option strategies and covered calls/puts. Aggressive longs will be closing abv 18450. If we close below 18000. Pattern - H&S

On technical front, Nifty broke 20DMA and now 3 confluence: 1. 50DMA support 18147 2. Trendline support 3. Technical support at 18100-18120

Today this covid news a total speculation turned game and market mood. 😂🙈. Welcome to world of equity markets.

Major thing to notice was at time when Indian Markets were today in sell off, Other Asian markets, European Markets as well as Dow Futures none of them were in panic sell off. There was something cooking because of news factor. One thing to note yesterday Bank of Japan gave interest rate hike that was fact and we saw markets falling and closing basis strong recovery.

Let markets give a pullback. Then action can be taken to remove laggards and shift to next trending sector.

Today there was seen a panic selloff. Major damage to Smallcaps and Microcaps. Wait for markets to cool down and then act to reshuffle your portfolio. Never sell in panic. We chose to sit on WCB system. This will avoid major panic stoploss hunt.

Update. SL to be placed DCB 44

Sugars back in action 😁

When we were analysing for breakout trading at 80. No chance for confirmation buying. 😂

CONFIPET Buy 82-85 Tgt 15-25% upside Stoploss 79 below DCB

5% up💪🏻🚀🔥

JKPAPER Buy today close abv 430 Range 435-450 Tgt 500-530-550 Stoploss DCB 425

As said it came to retest range of 465 now almost 9% up today.