MESSAGES

june nifty 22k pe did not go below 220 even today.. hoping it to travel towards 1k soon. trade safe. best wishes.

Also I have said earlier that reliance and lt hand in hand go either up or down. One an check from 600 levels. So we need to add jiofin value to reliance that can talke it close to 3200. Larsen gave a breakdown on daily chart and weekly daily bearish and currently around 3500. lt may move towards 3333 and below that towards 3k. These moves are inline with the may bearish view I still have on our indices. Trade Safe. Best Wishes.

vnsking bro, Reliance daily and weekly charts are bearish. By not giving a weekly close below 2840 it seems to have averted big fall. But a sell on raise with a daily strong up move or weekly close above 2940 as stop for a move towards 2750 2666. Below 2600 a crash towards 2400. On Daily charts it has interesting roof or domehouse pattern. If there is a weekly close above 2960 then it has potential to make a move towards 3200.... Looks some big can happen this coming tuesday or wednesday on daily chart.. BTW The monthly chart setup for relieance is similar to 2008. And the SL i gave weekly close above 2940 is nothing april monthly close. Trade Safe. Best Wishes.

Any view on ril ………..

One need to have a clear trading plan and execute. Otherwise you will be buffeted and shattered with daily moves. Both pharma and it monthly gave bearish close. fmcg also green cross. Auto Metals over bought. bn swimming against money flow. Along with icici and axis it seems to have finished its breakout target. Both icici and axis also seems to have finished breakout target. With the help of bn somehow nifty ecked out green cross instead of red cross on monthly. 22k pe June pe moved to back above 300 as vix is in favor. If we get a weekly close above 22.820 for futures then I may turn bullish. After a 1200pt massive move by bn nifty futures still around 22.8 then what does it mean. That too with small ICICI Oaisis.. May is going to be very likely mega bearish month.... . Now I am waiting for a strong daily close below 22.620 or weekly close below 22.52 to quadraple my shorts. A weekly close above 22.820 very likely a death of bull market in making... Trade Safe. Best Wishes.

Bro beautiful explanation . It seems like we will be served with 22380 type expiry this Thursday . Bank nifty will get support around 48800 and 48300. The last 45 minute move yesterday is super bearish

Greenhorn bro, for sbi 800 put a close below 17.5 or sbi spot daily close above 820 is Stop. Very likely it will test that 775 level from where it gave breakout. Hence buying around 20 is a good trade. Best Wishes.

pb guruji, what about nifty pharma. kindly post

thnx bro. any sl 4 sbi trd. tc

greenhorn bro, I think we are good. While I do not follow fundamentals as such HDFC Bank retail growth was not good. And Bajaj finance lowered their estimates for next few years. NBFC are struggleing. That is another reason why HDFC Bank charts are showing very bearishness. To day it had to support financial nifty for Bajaj finance fall. So probably it will fall next week. SBI charts are already showing reversal Around 2nd week of May. So SBI accumelating may 800 puts currently around 20 may be worth accumelating for a target of 50 and above... If lucky can hit hundred too. Trade Safe. Best Wishes.