Look at IT!!!!

Yesterday also I mentioned and today also.

GM

NIFTY OUTLOOK
First support: 19,223 (Yesterday’s low and 10 Week EMA)
Bigger support: 19,151 (Put writer’s zone)
All important level to watch: 18,955 (20 Week EMA)
Buy only on stability above 19,223, stop loss: 19,151
First resistance zone: 19,388-19,425 (Yesterday high and 20 DMA)
Bigger resistance zone: 19,500-19,550 (breakdown zone)
Sell on failure of rally towards 19,350, stop loss: 19,425

BANK NIFTY OUTLOOK
Bank Nifty remains the weakest component of market
Bank Nifty closed just above 20 week EMA yesterday (43,945)
Bank Nifty also closed below 100 DMA on daily charts
Next big level to track: 200 DMA of 42,900
For day traders, August series low of 43,600 most important
Bank Nifty remains sell on all rallies with stop of 44,200
Buy only on stability above 43,800 with stop loss of 43,600

This channel will soon move to Instagram. Follow me for all the setups plus the daily videos

Good morning. Have put the setup in Instagram. For next 15 days, I will keep putting it here also. But after Sep 15, its only the insta channel.

I know some people are upset given the thumbs down but on Insta my handle is verified. Hence I have to give that platform importance.

Telegram is not giving verification and there are many fake channels.

Link for insta channel

5 stocks to track in Sep series. Join me on Insta to get the list 😂😂😂. I am prepared for all the thumbs down.

Good morning

MARKET: BACK IN BULLS GRIP
Yesterday was the perfect session for bulls
After Friday’s rally, yesterday confirmed trend reversal
Market gapped up, collapsed and rallied to close at day high
Nifty’s texture is now “Buy on dips”
Possible to even hit all-time high in September series
Good chance of a big rally till the special parliament session
Nifty has got good support from IT, domestic stocks except Banks
Only Bank Nifty is showing relative weakness

CUES FOR THE MARKET
For next few days, global cues take backstage
India will outperform unless global mkt totally collapses
Midcap rally is likely to extend even further
Good chance that Midcap Index rallies another 10%
Market likely to go through last stage of midcap exuberance

BSE STOCKS: NEW HIGH/LOW
Group 52-w high 52-w low
A 126 1
B 113 2
Others 161 26
Total 400 29

NIFTY OUTLOOK
First resistance: 19,550 (previous breakout zone)
Bigger resistance: 19,625 (Options based)
Nifty strategy same as yesterday
Buy at open and add in 19,450-19,500 zone
Trailing stop loss for all long positions now: 19,380
No thoughts of shorting this market now till 19,223 is holding
Don’t book profit early, carry for all-time high or even 20,500

BANK NIFTY OUTLOOK
No trades still in Bank Nifty
First resistance: 44,656 (yesterday’s high)
Bigger resistance: 44,716 (options based)
Fin Nifty expiry today, Bank Nifty’s tomorrow
Need to see how expiry changes impact Bank Nifty
Avoid Bank Nifty, focus on Nifty and stocks

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