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Showing posts with the label Kotak

Up Day or Down Day?

Plan for December 23, 2019 Index consolidated 2 days with ending each day with upside. Now I expect either range breakout on the upside or a down day to catch up with breath. There is a lot of opportunity in individual stock currently. The market looks bipolar and may continue to be so due to the Christmas holidays in international market. Just, for example, yesterday SBI was making high and Kotak Bank was making low. I expect this kind of behaviour till December end.  We had already suggested taking some short position to counter long. This is the strategy we should use in this bipolar market. Individually there is a lot of scalp opportunity in stock, we just need to keep return expectation in tap and take what market gives. Nifty may see a trend day tomorrow, Buy above 13,310 with the stop loss of 12,250 or Sell below 12,250 with the stop loss of 13,310. HDFC is expected to trend if it holds up for the first 15 minutes with upside bias go long, or sell below 2,380 if it...