RANGE BREAK TODAY?
Nifty above 20 DMA, is 50 DMA next?
Positive: Global cues supportive but did Nifty price it?
Negative: Dollar and Brent both inch up
((SGX Nifty))

TRADE SETUP
Market showed resilience amidst bad news
Nifty manages to stay above declining 20 DMA
Alert: 50 DMA stands at 16,187
FII long exposure at near record low of 14%
15,900-16,000 will remain some kind of congestion
Mother of all short covering possible above 16,000
Bank Nifty stronger, may test 50 DMA of 34,400
FMCG, Autos also entering some kind of bull phase
IT and Commodities incl Reliance remain the weak links

Good morning

UNPRECEDENTED TIMES FOR MKTS!
Huge recovery in US market, Nasdaq leads
Dollar Index surges past 106, Euro nearing parity
Brent crude slides near $100, recovers a bit
FIIs turn buyers for first time since May 30
SGX Nifty recovers 200 points from overnight low
((SGX Nifty))

TRADE SETUP
Staying nimble and sticking to levels important
Buying plunges and selling big rallies working
Friday low was 15,511, yesterday high was 16,025
In 3 days, Nifty has shown 500 point range!
20 DMA of 15,760 should now act as support
On upside, 50 DMA of 16,164 remains the key level
The commodity plunge is good news for Indian macro
The FII buy number: Is it a one off or start of something?
First signs of short covering by FIIs in Index futures

Good morning

Almost the entire setup has played out. Banks, FMCG, Autos doing well. Reliance capping Nifty's gains.

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Good morning

A GOOD WEEKEND FOR BULLS!
This week: Nifty up 2.4%, Midcap up 3.7%
Nifty up 6%, Midcap 10% from recent lows
Dollar Index remains elevated at 107
Big question: Will rally derail if commodities surge again?
((SGX Nifty))

TRADE SETUP
FIIs unwind another 14,400 Index futures shorts
FII short exposure now at 75% vs 88% at peak
Nifty has scaled past 20 and 50 DMA with ease
Can the mean reversion trade take Nifty to 200 DMA?
Alert: Current 200 DMA is at 17,100 odd

LEADERSHIP CHANGE
Index This month
Nifty 2.2%
Nifty Bank 4.5%
Nifty IT 1.2%
Nifty Auto 3.5%
Nifty Bank 4.5%
Nifty FMCG 8%
Nifty Energy -4%

MARKET SETUP
Sell commodity, buy users has been a big trade
Need to keep an eye on crude and metal prices now
Need to see follow through of stimulus news from China
What’s the big risk: Inflation or recession?

In Top 10 today, I mentioned not to chase M&M and that a 5% gap up will be golden chance to book and my top stock to focus on was L&T and that's up 5% now. These are a few anecdotes I share purely out of my experience more than any Technical/funda/f&o data.

Has the market made a bottom? Wrong question
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