Lonetrader

Stock market Chart analyst, Momentum Trader , Engineer, Ex-Reliance,Petronas, L &T, Ex Raist, a Nationalist and
A Father who saw his son die in front of him

[Lonetrader @dkcrpl]

#FED #FIIS #defence

Defense is a sector which need not be given up base on charts. Additionally Pharma, health , Metals, finance are strong.

Defense sector vs Market

Market kept going down where as defense stopped going down in last leg. When market pressure lift it lifted.

[Lonetrader @dkcrpl]

@AstroPrashanth9 Just like gas in KG basin

[Lonetrader @dkcrpl]

@CaVivekkhatri We need immediate surgery but are trying to be cured by homeopathy

[Lonetrader @dkcrpl]

@SinhaPraneshkr @myogiadityanath @CeoNoida @CMOfficeUP @BJP4UP @NitinNabin @republic @ndtvindia @TimesNow @PMOIndia @narendramodi @Cockroachisback @rashtrapatibhvn @HMOIndia @mlkhattar

[Lonetrader @dkcrpl]

@microcp2mltibgr Shakal ki jageh akkal dekh ke appointment karo

[Lonetrader @dkcrpl]

@IndianGems_ Akal dekh ke aadmi rakho, shakal dekh ke nahin

[Pranesh Sinha @SinhaPraneshkr]

माननीय @myogiadityanath जी, Jaypee के घर खरीदारों को 18 साल बाद भी घरों का इंतजार है। कृपया OC प्रक्रिया को समयबद्ध करायें। नोएडा प्राधिकरण का चक्कर काट कर घर खरीदार परेशान हो गए है। पुलिस बुलाकर KPA खरीदार को धमकाया जा रहा है
@CeoNoida @CMOfficeUP
Kosmos प्रतिनिधि घर खरीदार

[Avipreet @avipreet]

3rd June end of day analysis for 4th June

Today was a brutal day for #Nifty traders and overall markets in general. On such days, one feels lucky to be on the right side of the index move and risk management skills are tested to the core.

The analysis posted yesterday at https://t.co/6nnTXTxFa9 did not really hold good apart from the fact that we did see a complete V shape recovery from the last support level mentioned in the post i.e. 23150. Also, the index did end with a bullish undertone.

There were multiple factors at play today:
1. Overnight, tensions flared between Iran and other ME countries with fresh reports of Iran attack on Kuwait coming in.
2. Bloomberg published a news article stating that RBI may have sold some #Gold assets to stabilize INR
3. IT Index was down and out with bellwethers #TCS and #INFY down 9 pct (at one point of time) and 4.5 pct.
4. FII sell numbers were already negative as of yesterday.

Inspite of all of this, NIFTY somehow showed a mercurial recovery from the 23150 gap fill level. This was something that fellow traders @rathi_amit , @HiteshRandhawa were rooting for and it happened. Hats off to them! While the sharp recovery came at the back of a resurgent Bank Nifty ,a RBI clarification and a #LTCG waiver rumor all of which could not have come in a minute too late, it still left a sour taste for folks who were both long or short as it ended up eating stop losses on either side.

So, where do we go from here.

1. Change in OI - Neutral to Bullish as seen in the OI change snapshot from #SENSIBULL Pro Traders change in OI is bullish today

2. Price Action - Positive
Nifty ended the day with a dragonfly doji on daily tf. Construed as positive.
Nifty's biggest constituent Bank Nifty ended with a Bullish hammer forming a double or rather triple bottom defending 53000. Bank Nifty could lead the way now and surge ahead pushing Nifty as well

Directional View - Positive on Nifty, again will stay long with immediate targets of 23800 once the 23500-550 zone is crossed. If today's low 23150 is broken, will look to short intraday with target of 23000-22900. Positional view is still long.

Note: All of the above is my own analysis and trading plan for Nifty and other indices, this should not be construed as trading advice in any manner.

[Basker Ramachandran @BaskerRamachan1]

This is a fantastic read @avipreet 👏👏 Thanks for your objective analysis articulated in very simple manner.

Hat's off to @rathi_amit & @HiteshRandhawa too. Their analysis is always pretty impressive

[KA @KA_charts]

Vedanta moves Supreme Court.
ED reaches VEDL premises.
#justsaying

[Lonetrader @dkcrpl]

@aravind @ThusSpokeDharma bhai corruption has already been institutionalized in india

[Sakshi Narula @mssakshinarula]

My god ...please watch this. I swear this country is being held together by a chewing gum.@ni5arga well done on exposing these vulnerabilities and even answering the media so confidently. I know this is not easy for you and took a lot of courage 🙌

[Lonetrader @dkcrpl]

@VishalJ31877206 are bhai tai @nsitharamanoffc ko tag to kardo

[Lonetrader @dkcrpl]

@UremO_24 I think it will gapup even when Education minister resigns

[Lonetrader @dkcrpl]

@BMTheEquityDesk Quite true the present dispensation is an egoistic establishment who don't have any iota of ground realities and over above don't want to heed to feedback.
Never seen such a pathetic mindset

[Lonetrader @dkcrpl]

@thechartist26 Strong stocks have given up.
They were trying to move up against downward force. Aaj unka kacha bhi utar gaya. ab woh apni izzat bachate ghoom rahe hain.

[Lonetrader @dkcrpl]

@DC_Gurugram
@TrafficGGM
@nitin_gadkari @cmohry

It is a common thing in Gurugram, the dumpers drive without any number plate .

Traffic police- what have you to say

https://t.co/kPFohKcjzS

[Lonetrader @dkcrpl]

exited 90% . stock shifted to 5%

[Lonetrader @dkcrpl]

#trading #NSE #BSE

Trades for the week

a) 5% size in Atlanta electricals. Hot sector. Stock in 5% limit.

[Lonetrader @dkcrpl]

e) HFCL - Took a 12% position size here. thesis optical fiber sector, first pullback after 1st leg of runup.

[Lonetrader @dkcrpl]

exited in morning

[Lonetrader @dkcrpl]

d) Emvee - again a solar company into photovoltaic cells. power sector.. With all demand coming in power sector particularly solar and transmission are the hot ones

[Lonetrader @dkcrpl]

2430 tomorrow?

[Lonetrader @dkcrpl]

In addition i have done pyramiding in Wockhardt. Turnaround. 20% total size here.

[Lonetrader @dkcrpl]

@WeekendInvestng Present dispensation has become a team of nincompoops (Most of them will not be able to comprehend meaning)
Knee jerk reactions, not answerable for goofups , high headed ..goes on . Foreign policy, infrastructure, make in india, defence exports...u name it and we have failures