PM

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...

Plan for December 18, 2019 All-time High made as suggested in the  last post . The big question now remains is now what? I think the market may open up tomorrow and then consolidate. There is no space to short yet, hold longs with trail Stop loss and enter on the long side in the pullback. There is a good opportunity in some stocks to enter on a pullback, best being Reliance.  The global market looks good and the news is on the positive side. Markets can rise in general in this kind of environment. S&P500 of the US is not going to stop yet, and this can lead to the rise in global markets. The best trade is to be on the long side if missed the rally buy the pullback and be patient. Nifty buy with the trail stop loss of 12,100. Banknifty buy with the trail stop loss of 31,900. For nifty and bank nifty you can buy the pullback but do not short yet, as rally can be spontaneous. HDFC bank buy at 1,280 with the stop loss of 1,260. Axis bank buy above 760. Reliance i...