Multi Bagger

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Technical analysis software

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Tata Elxsi View

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Ongc stop hit exited at 280

Ongc exited at  280

NIFTY SHORT TARGET ACHIEVED

NIFTY SHORT COVERED AT 8565...

MAGIZHCHI,,,,,

NIFTY AND BANKNIFTY UPDATE CALL

Already Nifty and Bank nifty shorted at 8756 and 19560 respy,  Now Bank Nifty closed with profit at 19150 and not wait for the actual target of 18836..

Nifty still in the short and looking the target around 8551, let see.


Bank Nifty existed at 19150 ( entered at 19560)

Market Article

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POSITIONAL CALL UPDATE

HINDALCO HIT THE STOP @ 162, EXITED 

Infosys - Breaking support

The above charts is monthly Infosys chart,  it shows it is going to touch 926 sooner or later.
14th oct will the result, only good result will save infosys, otherwise it will going to touch 926 level.

Market View with 5 min Charts - Strategy

Look at the chart  9.20 am candle below line drawn in green,   the blue line is 20 period moving average, the blue line is well below the opening 5 min candle low 8728 (future).  It indicates sell on rise..   The blue line has to give support around 8710 and previous low 8697,  if the market has to move up  it should not break the day's low. if it breaks, first thing is bullish sign has faded,  dont look to buy around days low....  more chance that market will end at the low point of the day.....


Let see

Market View at 11.18 am

Since We are in Short Position in Nifty and Banknifty, as  of now, Market not moved against us,  Looking intraday chart, it is going to be choppy,  but Friday is always tricky,  US  job data, which will affect the market direction.  So let us stick to Charts and Stop.

Happy Trading Zen Way....

Calls Follow up

Tata Steel Stop hit

Sbi  nearing Target.

Nifty Shorted below yesterday low
Bank Nifty Shorted Below yesterday low as per View given in the morning.


sbi closed at 256 cash level,   Carrying Nifty short  and Bank nifty short.

Sold at 8756  and 19560

Intraday call

Sell Tata steel at 388.5 (cash level) stop 393  target  382.6

Nifty and Bank nifty View @ 10.40

If downtrend will continue in nifty today, it has to break yesterday low of 8731, if it breaks  down then 8638 is possible today or in the couple of session,

Can we go long with the stop at yesterday low,  It may be good strategy, but if risk reward will not favour long as of now,  so let us wait for short trade..,

The same apply to Bank Nifty it has to break yesterday low,  19496,  First 5 min candle break yesterday low but  it moved up,  so we have to see it will break again to go short...

Intraday call

Sell SBI at 259.40 cash level stop 262.2  tgt  255.40 

Positional Call

SELL HINDALCO 157.2 SPOT LEVEL -  target 144.-145 level spot level stop at 162.2 , this is positional call.

Intraday call Nifty

Nifty sell call at 8505  exited at 8760..   @ 10.25

Intraday call Nifty

Sell Nifty at 8805 9.30 am stop 8841  target 8741 

Positional Call

Sell Ongc at 273-275 stop 281 target 241, This is positional call may take 15- 20 trading days.. @ 9.15

9.34 am intraday traders can book profit at 270.50 

EXIT INVESTMENT CALL LT AT COST

EXIT INVESTMENT CALL LT AT COST.... 1460...  CMP 1455 

Nifty and Bank Nifty view.

After RBI policy release :

If Nifty traded below yesterday high  8745 spot level  spot level morethan 15 min, then  short can be initated with stop at today's day high.

If Bank nifty not able to surpass the today's day high after meeting, then short can be done with stop at today's day high

Let see

Happy Trading

Sell Bank of baroda intraday call

Sell Bank of Baroda @ 169.20 stop at 170.9  target  167.40  Intraday only

Intraday call - Bank Nifty

As expected BankNifty touched 19565 levels,

Sell at 19565 spot level - future 19640- 19650 level,  stop at 19710  target  spot level 19500 -19464 -19400,  future level 19600 -19550 - 19510 level.

Close the position end of the day....

NIFTY AND BANK NIFTY VIEW @ 1.00pm

Since Market has not breached 8690 so far , it is highly possible to break the high 8727 and may touch 8737-8745 spot level,  Dont try to think it is breakout ,  Sell at this level and look for 8700 level as target,  for banknifty 19560- 19575 levle - sell at this level and look for 19480 -19460 spot level as target.  

This is for Intraday purpose close the trade at the end of the day.....

Nifty and Bank Nifty Intraday Call and view

SELL  ONLY BELOW 8690 SPOT with Day's high as stop 8727.  and also
SELL BANKNIFTY ONLY BELOW 19464 SPOT LEVEL STOP AT 19555 DAYS HIGH (12.01PM)  IF CALL INITATED TGT WILL BE nifty 8640 spot level and 19320 spot bank nifty level..

Nifty and Bank Nifty View.

Tomorrow RBI Policy Meeting,  so  Market will wait for the cues from the meeting.

Today any Intraday trades can be done around 2.30 - 3.00 pm, let see the chart and decided the position accordingly.

Happy Trading