MESSAGES

Yea metals may see atleast 8 to 10 percent correction towards 8k is my view. I am not trading any of the metal stocks. But Adani vedanta are two candidates. Even tata steel seems to be returning from upper end of the daily channel. Please do you own analysis. Best Wishes.

Vamsi Bro, I suggest 22k. Myself been long in June 22k pe. Idealy we should wait for a weekly close below 22.52k by our closing time. But myself this time added more shorts on a strong move below 22.62 Best Wishes.

thanks. i remember u suggest Lupin At low level..TGT if I remember was about 2k. I m not in any trade for Lupin currently. any metal stock which very weak on chart ? just I remember your view on metal index that it may comes to 7k or 7.5k in June or August

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 ????