#Nifty Holding 2 June Low And Giving Fast Recovery
As Expected We Got Exact Bottom on 2 June .
Keeping SL 2 June Low DCB With Patience !
Next Update On Targets 🤞
Not many days when #nifty and #banknifty move so much for to eachother.
Not sure what is cooking.
But I guess market should start trendline directional from next week.
Maybe from next nifty weekly expiry...
23880 ke upar bulls
23080 ke niche bears.
On closing basis.
Look, I am almost 100% long after today’s fall .
Added today , Mainly via CSPs .
FTDB : 14% cash , will deploy soon .
Research Lab ( Started recently) , in deployment phase .
I am waiting; I will only buy these stocks once they reach this specific price level.
✅GROWW ✅ 182
✅MCX ✅2700
✅BSE ✅3500
✅ARSSBL ✅540
✅FORCE MOTORS ✅18k
✅REDINGTON ✅210
✅QPOWER ✅800
✅KRN HEAT✅780
✅ANGEL ✅290
✅ITI ✅270
✅APAR IND ✅7500
✅ Hitachi ✅ 29000
TELL ME YOURS STOCK 👇
Nifty 50: My View :
The index is currently trading below its long-term historical medians.
While recent corporate earnings growth has been on the softer side, the risk-reward ratio at these levels is beginning to look constructive for long-term investors.
The Current Valuation :
• Trailing P/E: 20.3x (5-Yr Median: 22.2x)
• 1-Yr Forward P/E: 18.5x
• P/BV: 3.2x (5-Yr Median: 4.0x)
• 5-Yr CAGR: 8.8% | Div Yield: 1.35%
Near-term consolidation is being driven by a mix of moderate earnings, a soft INR, volatile crude, and India missing out on the global AI momentum trade.
The Path Forward :
The valuation floor seems well-established. If we see a gradual pickup in corporate earnings growth alongside some potential relief in taxation, the index could steadily regain its momentum.
Target Range: 26,500��27,000
Timeframe: Next 9–12 months
@plutusadvisors
@preetiplutus
CMP of Nifty - 23547.75
23900 PE of 2nd June closed at 248.45 (after adjustment)
23900-23547.75=352.25
Minimum premium of 23900 PE should be 352.25+some time value
but it is just 248.45.
So just know that puts (PEs) are already trading at a discount and a gap up of upto 100-150 pts should not effect the puts much. #StockMarket
#Nifty
On Friday we had MSCI rebalancing and many stocks along with Nifty gave a breakdown bar. Nifty has now given a trendline breakdown.
Possible movements going forward:
23629-703.25 is resistance. In extreme short term (5m tf) a rejection here and a liquidity grab of pending liquidities at 23480 and 23445 is likely. Post which we have 2 paths. A continuation downward is selling pressure persists will take Nifty to 23320 approx. The second and more preferred path will be a bounce to 23765-23960 which should act as a major resistance now in Nifty (Incase resistance range shifts due to gapup/down I will update in ChartRoom).
From this resistance zone we should see a sharp decline towards the next major liquidity levels of 23075/22920.
View is inclined towards bearish unless 24090 is taken out, post which 24330/390 are liquidity levels.
This is the broad view for upcoming few days.
JUPITER TRANSIT CANCER
IN 2 JUNE TODAY LOW IS MKT IN
BOTTOM NIFTY JUNE TGT 24330-24800
AND FINAL DESTINATION
25200
I BELIEVE IN PLANET 🪐
NIFTY LOW 23480
Despite all the drama, all the noise, I still haven't changed my long term count of #Nifty. We shall most likely complete that (v) of 3 this year #2026