📂 BUDGET VIEW :: If any positive surprise comes from the budget, then we can see very limited positive outcome.
But if no trigger comes for the day, get ready for the profit booking from the day itself or the next day.
Don't ask about negative comments
We may see 23985 & 23325
#ITC
WEEKLY CHART ANALYSIS ✔️
This may be first post in
#X
that 𝗜𝗧𝗖 𝗵𝗮𝘀 𝗲𝗻𝗱𝗲𝗱 𝗶𝘁𝘀 𝗱𝗼𝘄𝗻𝗳𝗮𝗹𝗹 & 𝗻𝗼𝘄 𝗶𝘁 𝘀𝗵𝗮𝗹𝗹 𝘁𝗲𝘀𝘁 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝗵𝗶𝗴𝗵... weekly chart has made a strong closing and high probability is to retest 470+ level in coming weeks.
It was a time when I was making 2-5 lakh in a day with intraday option scalping, made good wealth but got specs within the year, extreme hypertension and some other minor health issues too...
Understood that is not possible to continue for long time, shifted to
@pvsubramanyam
Lump-sum Investing at dips is really helpful as we don’t know the time, shall continue SIP from beginning of career and can add lumpsum in any good market fall.
One day Nifty will hit circuits in trading hour... When you have biggest open position.
If you can't manage today's few mins spike, think what will you do if the spikes continues for few days or a week....
10 rupay ka sell kia hua option 3000 pe kharidna hoga, wo bhi 100 lots.
𝘿𝙞𝙧𝙚𝙘𝙩𝙞𝙤𝙣𝙖𝙡 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙝𝙖𝙨 𝙞𝙩𝙨 𝙤𝙬𝙣 𝙘𝙝𝙖𝙧𝙢... ☺️
𝙏𝙝𝙤𝙨𝙚 𝙬𝙝𝙤 𝙛𝙤𝙡𝙡𝙤𝙬𝙚𝙙 𝙢𝙚, 𝙠𝙣𝙤𝙬 𝙫𝙚𝙧𝙮 𝙬𝙚𝙡𝙡
Other people will keep teaching about delta neutral, passive income, theta decay and many more imaginary dreams...
#NIFTY
FUTURE DAILY ✔️
𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 𝗙𝗢𝗥 𝗧𝗢𝗠𝗢𝗥𝗥𝗢𝗪
LIKELY TO GET SUPPORT AT LOWER LEVELS
→ Individual stocks outperformance is likely to continue while Nifty may take a little time to break the last high!
Many people are in FOMO
That they missed Gold & Silver rally...
But they shall come back for a retest soon. Real move shall be after that approach, get ready.
A perfect bull-trap in nifty future made today, in last hour selling all long positions that was added at breakout is trapped badly and such incidents teach us to trade at demand only.
Said yesterday in 𝗜𝗖𝗜𝗖𝗜𝗗𝗜𝗥𝗘𝗖𝗧 space, That
#Nifty
Spot will make new all time high but the
#NiftyFuture
will fail to do so...........
Exactly same thing happened today!
Technical Analysis Works✔️
𝗪𝗵𝗲𝗻 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘄𝗮𝘀 𝗶𝗻 𝗽𝗮𝗻𝗶𝗰... I informed you about the demand zone!
Market bounced from the zone and likely to continue the bounce next week............
#ITC
is going to retest the last inefficient level near 𝟰𝟯𝟵.𝟯𝟬 𝘁𝗼 𝟰𝟰𝟳.𝟳𝟱 and then only it shall have a profit booking. If you've tracked this last move from 408 to current price 428+ is completely a straight line move and it shall stop near the mentioned level only.
Maturity is not to make bigger profits everyday, every month... maturity comes when you realize that whatever wealth you have made from trading that should be intact and keep risk and reward limited up to an extent.
Making money is secondary, having peace in life comes first.
#Nifty
𝐅𝐮𝐭𝐮𝐫𝐞 𝐢𝐬 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐯𝐞𝐫𝐲 𝐰𝐞𝐚𝐤
Waiting for a trigger...
We shall exercise strict caution with any intraday gains, carefully analyzing and monitoring every upward movement to avoid risks...
#ITC
is looking very promising in making of a bottom near current level...
It has corrected near 18% since last July...
Though weekly primary demand is situated near 384-391 level, if the current zone work positively then very good otherwise that weekly zone is there to hold.