I am on leave tomorrow so there won't be a setup. But remember there is no point watching SGX Or Dow all night. Eventually market will open at 915 and you know what it will do regardless of SGX Nifty 😄😁😃

Good morning. Though on leave, will just say one thing. Risk-reward

20 DMA is 17700 and 20 DEMA is 17634. Buying as close as possible to this zone with 17600 as stop would be the most logical trade for those who trust risk-reward.

Inflation in US is not a new issue and it's failed to have impact on India

Bank Nifty is stronger component. Has been taking support at 5 and 10 DEMA. So 40000-40400 is a good risk-reward zone if it gives an entry here.

Both nifty and Bank nifty defended the levels mentioned so far 🙏

You don't need any hi fi data to make money if you just respect market's texture and follow risk-reward. Today was that day.

Good morning

INDIA: STANDS OUT AGAIN
Yesterday’s market action huge vote of confidence
The decoupling theory getting stronger by the day
Bank Nifty shows the magic of leadership again
Weekly options expiry today
((SGX Nifty))

TRADE SETUP
The only risk in this market is to stay out
Trailing stop after every rally important
On Nifty, the 20 DEMA again acted as sacrosanct
Nifty’s trend now firmly up till close below 17,650
Bank Nifty now in a parabola, chasing risky
Bank Nifty’s best entry zone at 5 and 10 DEMA
Bank Nifty’s 5 and 10 DEMA zone at 40,260-40,730
FIIs still short, added more shorts yesterday
FII net short exposure on Index futures at 74%
The Indian market rally remains a bet on Indian economy
All domestic stocks continuing to outperform

Good morning

GLOBAL RISK OFF VS LOCAL STRENGTH
Nasdaq gives up all recent gains
Cryptos roiled, getting back towards year low
FII flows have dried up over last few days
Big question: Can Indian market stay isolated?

TRADE SETUP
Nifty has shown some signs of fatigue at highs
Wednesday low of 17,771 first line of defence
20 DEMA of 17,690 second line of defence
Nifty’s texture changes only on close below 17,690
Bank Nifty hasn’t shown any major weakness yet
Bank Nifty’s support zone at 5 and 10 DEMA
Bank Nifty’s support range: 40,450-40,850
FIIs continue to add shorts, net add 10,300 shorts
FII short exposure in Index futures at 76% now

Good morning

MARKET: BACK AT THE TRENDLINE
Nifty at very important “make or break zone”
17,700 is the fulcrum of the all-important trendline
All eyes on Fed: 75 priced in, can there be 100?
FII selling on Friday attributed to rebalancing
((SGX Nifty))

TRADE SETUP
India outperformance intact even after last 2 days fall
Today’s market behaviour will test the texture of market
Nifty now trading below 5, 10 and 20 DEMA
All important support now at zone of 50 DMA and 50 DEMA
Current 50 DMA at 17,190 and 50 DEMA at 17,300
On upside, 20 DEMA of 17,675 will be first resistance
Bank Nifty remains the key to Nifty’s next move
Bank Nifty has been very strong, between 5 and 10 DEMA
Bank Nifty’s trend changes only on close below 40,400
Nifty IT back within 2% of a 52-w low, remains in bear terrain
The medium-term focus has to be solely on economy stocks

Good morning.