Plan for December 13, 2019

Longs triggered continue to hold

Yesterday had written volumes are on the lower side so markets are indecisive. But early in the trade longs were triggered and market picked up volumes, so best trade is to hold longs. Today's price action shows the market will continue the upward journey and may possibly show ALL-TIME HIGHS. Fingers crossed and hope for the best. ✌

1. Nifty longs with the stop loss of 11,935. Trend day tomorrow, so tight stop loss not advisable.
2. Bank nifty longs with the stop loss of 31,400. 
3. HDFC buy with 2,235 with the stop loss of 2,295.
4. SBI sell only if the market reverses at 325. Buy above 328.
5. ICICI and Kotak at an all-time high, do not think to short.
6. HDFC Bank buy 1,265 with a stop loss of 1,245. May see all-time high here.
7. Reliance buy 1,575 with the stop loss of 1,564 look for new highs
8. Maruti scalp buy above 7,075. 
9. Volatility breakout trade (Inspired by Linda Raschke), here you buy or sell the breakout with an initial stop of 1% and trailing the targets.

• HDFC 

Disclaimer-

All information is based on the current market situation. Take everything with a pinch of salt and consult your adviser. The outlook is for the personal use of the author and educational purpose for others.