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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...

Plan for December 16, 2019 Markets just a few points shy of an all-time high, hold longs with slightly higher stop loss. Momentum indicators suggest the move has just started. We might feel in the chaos of local and global news markets won't go higher but the screen suggests it will cross the wall of worry.  Hold longs, enter on a pullback but don't try to short as this is not top.  For the last 2 days, longs were suggested  Click to read  here, so are my positions, hold the longs and there is not much to do till market changes mood except to watch and sit tight. Here are a few entries yet you can take on Monday. Nifty longs with the stop loss of 12,050. Banknifty longs with the stop loss of 31,700. HDFC bank buy at 1,268 with a stop loss of 1,255. It looks extremely bullish above 1,280. SBI is at resistance, buy above 335 for new highs. ICICI is showing momentum divergence, take care in taking new longs. Reliance buy with the stop loss of 1,560. Axis b...

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

Markets too volatile to trade Markets look volatile and shaking out weak hands on both the long and short side. Retail traders should just watch from the sideline and avoid the trade. Try to have a position on both the long and short sides with the same value. Try to take out profits whenever there is an opportunity. Do not try to overstay as markets are not in trending mood. Volumes too are on the lower side so without participation markets won't be able to decide where it wants to go. Hope for some news in Global or Local markets, so we get out of this rangy markets.😃 Nifty buy above 11,960 and sell below 11,880.  Banknifty buy above 31,450 and sell below 31,170, look for 31,800 or 30,800 respectively if trade actives. Kotak at an all-time high, buy with the stop loss of 1,660. HDFC buy above 2,335 with the stop loss of 2,295. SBI may give a bounce, there is a trend day tomorrow. Sell on rise around 325 levels which is near 5 SMA.  ICICI at an all-time high, ...

Consolidation day is done, expecting a trend day Nifty and Banknifty may trend tomorrow, go with buy-side bias Nifty buy at 12,010 and sell below 11,920 stop loss of 0.5% Banknifty buy at 31,600 and sell at 31,200 stop loss of 0.5% Kotak buy at 1,680. Reliance buy at 1,585. TCS buy at 2,050 stop loss of 2,018. HDFC Bank trend day tomorrow, buy at 1,250 and sell 1,238. Tata Steel trend day tomorrow, buy at 410 with the stop loss of 402. Volatility breakout trade ( Inspired by Linda Raschke ), here you buy or sell the breakout with an initial stop of 1% and trailing the targets. Jindal Steel (Buy Bias) 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.

Down day today, the market may still fall further. Nifty and Banknifty broke support and went down. Nifty and Banknifty may consolidate. Nifty may consolidate, sell below 11,880. Banknifty support at 31,010, buy only above 31,550, below that go only with sell bias. Most of stocks look will fall further, try not to buy in a hurry Kotak resistance at 1,680. ICICI is due for fall. SBI is at support. Crude rejected at 4,200. Looks will consolidate. Natural gas may breakout. Buy above 176 and sell below 170. 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.

Longs shattered as RBI didn't cut rates Nifty and bank nifty came back from 12,100 and 32,100 resistance respectively. Buy on a dip if the environment and global market are conducive. HDFC buy above 2,345 and sell below 2,290. Avoid in between. Kotak at the support of 1,645 can bounce from here. Trend day for Kotak tomorrow. Indus at support 1,500, if hold can go long and if breaks short.  Axis at the support of 730, short if breaks. Reliance is consolidating, avoid the trade. Buy around 1,500-10 gap will be filled. Maruti sell below 7,000. SBI buy around 325-30. Crude buy above 4,205. Volatility breakout trade ( Inspired by Linda Raschke ), here you buy or sell the breakout with an initial stop of 1% and trailing the targets. Sun Pharma NCC Bharti Infratel Hind Unilever  Markets are volatile and hard to trade just now, take what market gives.  Disclaimer- All information is based on the current market situation. Take everything with a pi...