Dear X'ites, its time to switch from tracking volatility to tracking heights.
Am gonna be away on an expedition for the next 15days. Network will be sparse so limited access to markets as well.
Fresh updates post 25th Jun. Till then play safe- stay safe
🧵 Intraday range: 23150-450
➡️ Sell on sustenance below 23250 on 15min tf. Tgt 23100/040 SL 23350
➡️ Positional: Around 23350-450 area, Buy 30Jun 22800 PE as a hedge against long portfolios with a SL abv 23700
#Nifty50 08Jun
Failure to give weekly close abv 23550 keeps Nif vulnerable to breakdown
Close below 23150 will open doors to 22200 with pitstops & intermediate D-🐈-B from 22800 & 22500 levels
On the upside, stability & hopes of recovery only on close abv 23550
🧵
#Nifty50 05Jun
Same range, same view, same approach..
No trading bet 23100-600
Weekly close needs to be abv 23550 for hopes of stability
Selling aggresion likely to intensify for 1K pts fall in case close below 23150
😇 Money saved is money earned. Avoid compulsive trading
🧵 Close below 23150 will open up doors to sub 22200 area with minor stopovers at 22800 & 22500
Intraday range: 23260/150- 23560/620/740
➡️ As indicated yest, compulsive trading is dangerous. Its a no trading zone.
Best to avoid trading within 23100-23600 area
#Nifty50 04Jun
LH-LL on daily charts- a slow grind on downside is more damaging than 1 deep cut. 1st sign of some stability will be a close abv prev day’s high. Till then Nif will remain vulnerable to repeated sell-offs
🧵
#Nifty50 03Jun
Intraday range: 23285/150-23600/740
Today could be another indecisive directionless volatile trading day...
Compulsive trading can be fatal.
Some days are best to rest 👍
Watch out this space for any intraday Actionable developments...
#Nifty50 01Jun
Jun begins on a fearful note after Friday's fierce selling on closing hours. However parameters indicate a higher probability of a gradual recovery
Weekly range: 23350/200-24200
Intraday range: 23440-700
➡️ Buy on dips to 23440+/-20Pts.
Tgt 23700 SL 23350
#Nifty50 02Jun
Intra range 23300/260-23475/550
Sustenance below 23260 on 15mins tf will trigger a drag in Nif down to 23100/050
Crucial to reclaim close abv 23600 for stabilising & resuming a gradual recovery path
📍For d day, expect extreme volatility within mentioned range
#Nifty50
Peak indecisiveness...
Intraday range 23800/720-24k/24040
Weekly close below 23800 will warrant a re-test of 23550/400 levels next week
As long as Nif close is maintained abv 23800, hopes of recovery alive.
Long Momentum only abv 24200
📍Stay light over the weekend
@Piyushkatariya3 Options pricing is based on futures & not spot. Futures are trading at a 200 points premium to spot. Chk out the closing (23748 F / 23547 S). That's why 24K PE traded at nearly 300 only.
#Nifty50
Peak indecisiveness...
Intraday range 23800/720-24k/24040
Weekly close below 23800 will warrant a re-test of 23550/400 levels next week
As long as Nif close is maintained abv 23800, hopes of recovery alive.
Long Momentum only abv 24200
📍Stay light over the weekend
#Nifty50 27May
Trump & Trust never sail in same boat..
Peace negotiations merely on paper while ground realty is damagingly diff
Closing hour Sell-off dents +ve structure
Hope of recovery only as long as 23800 closing is maintained
Intra 23800/680-24040/100
📍No c/f trades
#Nifty50 26May
Much awaited breakout abv 23850
Continuation of upmove with some back & forth price action as long as 23800 holds on closing
Intraday swing range 23920/800-24060/200
Wexpiry range 23900-24130
➡️ Buy abv 24060 if sustains on 15m tf
Tgt 24130/200 SL 23990
#Nifty50 25May
Weekly range 23550/400-24200/400
View: +ve. Close abv 23850 will trigger a short-covering rally to 24200/400 this week. View negates only on a close below 23550 in which case Nif will get into consolidation again.
Intraday range: 23650/580-23970/24040
Mkt Outlook 22May
Flat closing- no change in view
Crucial for #Nifty50 to sustain abv 23840 for continuation of upmove
Intraday range 23520/450-23840
#Banknifty 53250/020- 54150/400
👀 on #IndiaVIX. Close below 18% is good news. Any move abv 18.8 will be a risk of sell-off