See today's low and the number mentioned in my trade setup 🙏. No gyan, only actionable info is what I believe in.

Stay tuned for today's setup

THE DECOUPLING FACTOR
Nifty held out 20 DEMA, ended at highs
Indian market sensing some kind of decoupling
Crude’s decline remains a big positive for India
Dollar Index retreats, but is it even a concern any more?
((SGX Nifty))

TRADE SETUP
Market in momentum, 20 DEMA of 17,485 holding out
The big risk in market is to book too soon
Market clearly in a mood to ignore global weakness
India falls less on bad days and rises more on good days
For today, need to see the first hour high and low
If market takes out first hour high, trend day possible
FII short exposure extremely high at around 81.5%
Real short covering will happen on close above 17,800
Close above 17,800 will mark a higher high for Nifty
Bank Nifty trading at 5 and 10 DEMA, remains very strong
Domestic stocks and midcaps are likely to extend outperformance

Good motning

NEW HIGHS IN SIGHT?
Strong global cues, India in momentum
Powell says higher rates won’t cause deep recession
US rallies, markets have priced in 75 bps hike
Market no longer scared of rate hikes or Dollar Index
India has been best performing mkt
((SGX Nifty))

TRADE SETUP
The risk in this market remains exiting too soon
Trailing stops in winning positions is the only strategy
FII shorts down by 9100 contracts, still at 76% short
Rising 20 DEMA of 17,520 provides good trailing stop
17950-18050 last remaining resistance zone
Close above 18,050 would pave way for new highs
Nifty, Bank Nifty, Midcap all within 4% of new high
Bank Nifty remains the go to Index on every decline
Nifty IT around 29% off from its 52-w highs
Tactically, even IT stocks may play some catch up in this run

IT today 😍

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Good morning. In case you haven't, please go through this. Have done a lot of hard work in this 🙏

Good morning. Happy Sunday to all.

Good morning

BULLS IN COMMAND
Global cues strong, India strong regardless
Nifty has outperformed S&P 500 17% this year
Nifty within 4% of new high, S&P 500 is 15%
Big question: Is the Nifty ready for life above 18,000?
((SGX Nifty))

TRADE SETUP
Markets may go through a phase of sector rotation
IT showed signs of double bottom, tactical buying
With strength back in Nasdaq, IT could rally more
Last week saw first signs of profit taking in leaders
Auto, FMCG stocks underperformed IT last week
Nifty IT still 27% off from its 52 week highs
Over a medium-term, Bank Nifty remains the strongest Index
This year: Nifty up 2.7%, Bank Nifty up 14%, Nifty IT down 26%
FIIs have taken a bet on Indian economy with recent buying
On Nifty, all dips till 20 DEMA of 17,550 likely to be bought

Good morning

18K IS HERE
SGX Nifty indicating start above 18,000
Dollar Index retreats further to 108
Global cues remain supportive of equities
Big question: Can the market hit new high by Diwali?

TRADE SETUP
FIIs finally beginning to cover their shorts
Net shorts down by 9,920 contracts yesterday
FIIs still at 75% short, net Index shorts at 66,000 contracts
If Nifty sustains above 18,000 can see more covering
IT has started to bat for the bulls along with Banks
IT Index needs 11% rally to get to its 200 DMA
Bank Nifty within 3% of an all time high
The next round of rally could happen in Small Caps
Midcap within 2.7% of peak, Small Cap 16% away
Rising 20 DEMA of 17,600 now line in sand on downside