MESSAGES

thnx bro. no new trades taken. will keep the levels in mind. best wishes, take care

Passerby bro, which option spot is good for monthly, can we hold 22k or 21.8k puts for may?

pinakin bro Biocon seems to have given a breakout on weekly charts. As longas 300 is held on weekly basis can move to 400 it looks. On multi year chart it looks like a flag. So a weekly close above 400 it can ath towards 475 too it looks. If breakout fails and weekly close below 300 happens then it may move towards 180 and bounce. But currently it looks it may move upwards. Lupin has formed Big W pattern. I remember I have suggested it around 1100 odd level. Height approx 1600pts. 75percent of height which 1200 pts plus is the target from middle of W 1250 is the target. Can take it close to 2450 odd level. Currently a weekly close below 1550 odd level it may test 1250 prior to raising again it looks. If it sustaines above 1550 then it can raise from this level itself. NiftyAuto charrts currently ultra bullish.It seems to have some unfinished business at 20. On reverse head and shoulders breakout it finished its breakout target around 21.8k. But it went up further. On Multi year channel pattern also channel height is close to 16k and breakout happened above 17k. So first target 30percent of channel height is also 21.8. It hit close to 22.8 and reversed. I feel a correction is imminent towards 21.8 and towards that gap at 20k. Also my views about individual stocks are not part of nifty50 are not that consistint. So you need to use your own anlaysis too. Smiley.. Trade Safe. Best Wishes.

passerbro missing your quote since last many days. i change my phone so I need to change my id. I dont know why money control asked me any way need your view on auto index and in pharma particular biocon and lupin PLEASE

GreenHorn Bro, the answer is yes. nifty futures could not sustain above 22.4k. 21.8 and 21.4k may come quickly on futures. Just read through all my previous messages. No change in plan. Trade Safe. Futures if sustain below 22.32k for few hours it is a breakdown on complex head and shoulders pattern on hourly chart with immediate target of 300pts down move from there which is fifty percent of height 600pts towards 22k. For new shorts that you have taken any now keep a daily close of futures above 22.42 as trailing stop. Below 22k this time 21.2 may get tested. Trade Safe. Best Wishes.

helo bro, futures closed at 22.380 below 22,520. can v add more puts.

Passerby bro, thanks for your view, I was trading in weeklies and losing. I will switch over. I am also looking for a big dip and waiting. For levels you are the best ????

So Vamsi Bro, I suggest stay put with june monthly puts with a weekly close above 22.82 as stop for futures. A Mega Mega down move is very likely on its way. While I do not want to depend on news, BJP victory is already is already priced in. Any small disappointment in majaority may create further correction after correction in May. I suggest even book profits in your long term investiments. And get back to later this year or sometime next year once 20.5k is tested. May only Nifty Pharma probably Safe. Myself even booked profits in Gold too. Already moved most of the profits to realestate. This is my view. You also please do your own analysis. My self may post after nifty futures hitting 20.5k.Otherwise I will be just repeating myself again again... Smiley. Trade Safe. Best Wishes.

Vamsi Bro, except the fact that you are trading in weeklies you infact excellent in predicting nifty spot levels. Smiley. You probably know already. Suggest stay away from weeklies. If by complusion have to trade in weeklies then stick to no more than 5digt investment. Or even just 4digt. No change in my views. June 22k pe hit close to 400 on Friday. Having said that futures weekly close is still indecisive. Ek Do Din Ayega Ayega Aanewala DII aayega karake dekhethe rahenge. Wo Nahi Aayega and you find youself suddenly around 21k.. So I am not predicting intraday but currently my direction is still towards 20k with a SL of weekly close above 22.8. Dow Formed a Diamond Top on weekly. 35k target is still visible. I did not expect it to close above 38.5. It is still sell on raise on weeklies. I am happy with my trades so far. And I am still travelling. Will be back home by end of june. So response may be slow. Trade Safe. Best Wishes.

Passerby bro, so now we touched 22.35k yesterday, what is the next leg? I was expecting this down move on Thursday, but it happened on Friday. Lost some money