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GOLD shooting up giving fresh breakout.
Such bounce in gold hints for something fishy coming in market.
For time being off load your holdings.
Can be re entered once picture is clear.
Trades with small SL will be shared for time being till we get picture clear.
PIDILITIND
Buy CMP or abv 2380
Targets 2600-2800
Stoploss close below 2250 (Strict)
Hello members,
CNX500
Update
Wider market wide there is halt in downtrend, yet waiting for market to settle and take reversal from this point.
Close abv 14700.
Nifty took interim bottom at 16800 and has come to 17400. But strength seems to be missing.
Wider market should breakout then only we can plan for bullish trades.
Hello members, we understand that you are not getting much updates from OP since some days and it is because the markets are really choppy and there is no direction that can be understood to catch any momentum. We are currently working actively to create new futures and options based strategies which may or may not be directional to curb the non-trending days and get some consistent money flown in.
This is not to say that we have stopped monitoring the positional swing trades however we are waiting for the monthly close at Friday and expiry tomorrow to let the dust settle in and we get a better picture about the direction markets may move in. We will keep this space updated as and when we have things to communicate. Keep staying safe! Cheers 🥂
Hello members,
This is just to update the trend still not changed, we may see some recovery bounces. If we go by wider market then CNX200, CNX500 have broken their September lows.
Can refer the chart.
It is better to wait for clear trend to establish, till then any bounce offload your holdings.
PVR
Sell below 1555
Target 1495
SL 75 min closing above 1600
We have created a bear call spread as following:
Bought 1620 CE at 14
Sold 1580 CE at 27
Max profit per lot: ~5500
Max loss per lot: ~3500 (Stoploss of entire strategy)
Hello Members,
This is just to update for on going global banking crisis.
As far as Indian Banks are concerned they are fundamentally sound but we cannot escape the global spill over.
Stance is bearish on markets unless we go abv 200 DEMA and close abv 17500-17600.
We may see a pullback move till 17200-17300 can be relief rally or short covering.
We would suggest not to enter any fresh trades. Those bought can be exited on SL hit basis.
Those entered fresh keep then with tight SL.
Those holding can hedge portfolios with NIFTY monthly Puts with ATM or ITM strikes.
Not a trade recommendation. Short trades will be shared as and when we go further and things unwind.
Tomorrow can be some relief day if US markets sustain gains till market closing.
2 levels here will work as sell on rise
32550 and 33600. Same thing may replicate here also. Wisely use this short covering.
Repost from N/a
MCDOWELL_N
Buy CMP
Targets 870-80/930-40
Stoploss DCB below 728
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