I need 400 more followers to hit the 30k mark on Insta. If those giving thumbs down follow we I hit that target. In that case I will still post my views on Telegram. 😂😂😂

Let’s go.

It has to be done within next 3 hours though

Good morning

TEST OF MARKET’S TEXTURE TODAY
Brent above $90, Dollar Index almost at 105
Long IT and short Banks trade could play out again
Nifty IT will hit a fresh 52-week high today
Midcaps and Small Caps are enjoying a party
Another 5-8% rally if left in midcaps
Be very careful of kind of stocks you invest in now
Mistakes at these levels can be very costly
Stay in good stocks so you can withstand correction

MARKET: CUES TO TRACK
Weekly options expiry of Bank Nifty today
D-1 day for Nifty’s weekly options
Jio Fin to move out of Nifty, selling of 10 cr shares likely
Crude surges as Russia and Saudi Arabia extend production cuts
Nifty approaching 50% of retracement of entire fall
50-66% retracement zone is the real test of Index’s recovery
66% retracement zone is around 19,750
Possible that Nifty hits new high in this series

NIFTY OUTLOOK
Nifty much stronger than Bank Nifty
All trades on Index should be done on Nifty
Basic texture is “Buy on dips”
Buy every dip and stay positionally long for 20,000-20,500
First support: 19,525 (Yesterday’s low)
Bigger support: 19,421 (20 DMA)
Buy at open and add in 19,475-19,525 zone
Stop loss now for all longs: 19,421
Trail stop loss for all positional longs to 19,400 on close
No thoughts of shorting as long as Nifty is above 19,400

BANK NIFTY OUTLOOK
Avoid any trades on Bank Nifty till clarity emerges
Even yesterday, call was to avoid Bank Nifty
Bank Nifty trading right between 20 and 50 DMA
20 DMA: 44,315 and 50 DMA: 44,820
No trade on Bank Nifty till its closing in this range
For compulsive traders, buy and sell near boundaries
Buy around 44,400 with stop of 44,300
Sell around 44,700 with stop of 44,850

Again Nifty closing at day high. Carrying longs and adding on all dips worked again. Buy zone was 19475-19525, see today's low

Bank Nifty remains an avoid.

GM

SEP SERIES: 4 GREAT DAYS
Date Nifty low Nifty close
Sep 1 19255 19435
Sep 4 19432 19529
Sep 5 19525 19575
Sep 6 19491 19611

SEP SERIES: BANK NIFTY STILL THE PROBLEM
Date Bank Nifty close
Sep 1 44436
Sep 4 44578
Sep 5 44532
Sep 6 44409

SEP SERIES: IT ALL THE WAY
Date Nifty IT high Nifty IT low
Sep 1 31550 31149
Sep 4 32197 31454
Sep 5 32482 32014
Sep 6 32515 32038

CUES FOR TODAY
Weekly options expiry for Nifty today
Market in complete grip of bulls
FII selling picking up significantly
Brent crude surges to almost $91/bbl
No weakness in Rupee despite all these negative factors

NIFTY OUTLOOK
First support: 19,491 (Yesterday’s low)
Bigger support: 19,423 (20 DMA)
Buy at open and add in the zone of 19,500-19,550
Stop loss for all intra-day longs at 19,423
Stop loss for all positional longs now at 19,380
Profit booking zone for day traders: 19,637-19,666
No profit booking yet for positional traders
Positional traders should have targets of 20,000 plus

BANK NIFTY OUTLOOK
First signs of life in HDFC Bank yesterday
HDFC Bank closed at day high, very high del vol
Need to see if there is follow through today in HDFC Bank
ICICI Bank negated almost all of HDFC Bank’s good work
Will avoid Bank Nifty for one more day today
Bank Nifty still in a broad range of 44,300-44,800
Trading the boundaries on Bank Nifty is working


NIFTY IT: WHAT’S CHANGED?
2 things have happened to lead the rally
1) Market betting on Fed pause
2) Cos have announces large deals

3 large deals this qtr
1. TCS $1bn JLR deal
2. HCL Tech won a $2.1bn Verizon deal
3. Infosys won $1.6 bn Liberty group deal

What a day again for Nifty setup 🙏

Low of 19550 and now at 19666

Both levels mentioned in setup

This was posted 3 days back. Check the returns of all 5 stocks mentioned.

Good morning.

ALL EYES ON RBI
Market sensing RBI’s positive decision on incremental CRR
For 2 days, HDFC Bank has led the rally in Nifty
If RBI decision is positive, Bank Nifty can rally 2000 points
HDFC Bank alone can rally around Rs 100
Bank Nifty is 1500 points away from all-time high
Nifty is set to hit new all-time high in this series
Nifty is on course to hit 20,000-20,500 this series
Don’t be in a hurry to book profit, trail stop loss daily
How to trail stop loss: Book your profit the day market closes near lows

KHELO INDIA, KHELO
Nifty Calls yesterday
Strike low High
19650 Call 2.55 120.3
19700 Call 0.75 75.3
19750 Call 0.05 36.4

KHELO INDIA, KHELO
Strike Notional Turnover (Rs cr)
19650 Call 38.3 lakh cr
19700 Call 33.4 lakh cr
19600 Put 32.4 lakh cr

KHELO INDIA, KHELO
At one point, 19600 Put had 5 cr shares Open Interest
Earlier, traders were dividing trades between Nifty and Bank Nifty
Now, traders will focus entirely on Nifty or Bank Nifty
Market is likely to go through big volatility daily for some time

NIFTY OUTLOOK
In 5 days, Nifty has reclaimed 21 days of losses
Nifty now needs to reclaim 8 more days of losses
At current rate, Nifty can hit new high next week
Approach is simple, stay long and trail stop loss
Trust the texture and buy each and every dip
One day, dip buying will fail but that’s OK
For day traders, best buy zone: 19,600-19,700
Trailing stop loss now for all longs: 19,550

BANK NIFTY OUTLOOK
Bank Nifty’s move is dependent on RBI decision
Bank Nifty now above all major moving averages
Fresh buy zone: 44,500-44,700, stop loss: 44,200
No short trades till Bank Nifty is above 44,200
Will revisit Bank Nifty during the day