17.03.23
Happy Day Today as Always
Yesterday, Market staged a smart recovery from lows exactly as Expected.
I missed out on one very important point and the reason behind the morning panic lows. If the Market opened high and continued higher, most of the Bulls would have held their loosing trades in the anticipation of Bounce or Reversal. Morning sharp fall scared the shit out of the Bulls, who started loosing all hope of recovery thinking that out market is still falling even after US recovery and Banks Bail out. That would have made them throw the Towel.
Intraday too the same thing happened and we saw a sharp downmove because the left out Bulls must have gained some confidence during the Rise but when they saw the intraday reverse move, which is the texture of market in last few days to close at lows, they must have left the Bus
Finally it was the turn of Intraday players. Intraday players who would have bought during the day and sitting comfortable with the Upmove were finally scared out in the last 1 hour move. If market would have closed at highs, chances are these guys would have carried their Longs overnight but they were also offloaded at Close.
If the above observations are correct, we should see a good Upmove very soon. The moment these guys don't board the Longs and decide to Wait, Bus would change the Gear and catch the speed
We would continue our Long Bias and Buy all Dips Strategy for now and Relax for sometime.
This Upmove which I am expecting should be Led by PSU Enterprise which consists of all PSU shares other than Banks. Though we may see some bounce in Banks and IT, but I would prefer to avoid them not to get Trapped
We are WEALTH MAGNET, Accumulating Infinite Abundance Daily
SO BE IT
Happy Day Today as Always
Yesterday, Market staged a smart recovery from lows exactly as Expected.
I missed out on one very important point and the reason behind the morning panic lows. If the Market opened high and continued higher, most of the Bulls would have held their loosing trades in the anticipation of Bounce or Reversal. Morning sharp fall scared the shit out of the Bulls, who started loosing all hope of recovery thinking that out market is still falling even after US recovery and Banks Bail out. That would have made them throw the Towel.
Intraday too the same thing happened and we saw a sharp downmove because the left out Bulls must have gained some confidence during the Rise but when they saw the intraday reverse move, which is the texture of market in last few days to close at lows, they must have left the Bus
Finally it was the turn of Intraday players. Intraday players who would have bought during the day and sitting comfortable with the Upmove were finally scared out in the last 1 hour move. If market would have closed at highs, chances are these guys would have carried their Longs overnight but they were also offloaded at Close.
If the above observations are correct, we should see a good Upmove very soon. The moment these guys don't board the Longs and decide to Wait, Bus would change the Gear and catch the speed
We would continue our Long Bias and Buy all Dips Strategy for now and Relax for sometime.
This Upmove which I am expecting should be Led by PSU Enterprise which consists of all PSU shares other than Banks. Though we may see some bounce in Banks and IT, but I would prefer to avoid them not to get Trapped
We are WEALTH MAGNET, Accumulating Infinite Abundance Daily
SO BE IT
Open Position
Long
1 lot Biocon, 1 lot Coal India, 1 lot NTPC
Short :- 1 lot ITC
JAI HO
Long
1 lot Biocon, 1 lot Coal India, 1 lot NTPC
Short :- 1 lot ITC
JAI HO
Biocon
This had been by recommendation along with Zydus since last 4/5 months
Zydus is Up almost 160/70 rs while this one is now Down 70rs. I had held this with SL of recent lows of 214/16 in cash but today move of Block deal has Rattled everything
I am still Bullish in this and Those who have exited, I will watch it out and plan to either Re enter or skip the Trade and Concentrate somewhere else.
JAI HO
This had been by recommendation along with Zydus since last 4/5 months
Zydus is Up almost 160/70 rs while this one is now Down 70rs. I had held this with SL of recent lows of 214/16 in cash but today move of Block deal has Rattled everything
I am still Bullish in this and Those who have exited, I will watch it out and plan to either Re enter or skip the Trade and Concentrate somewhere else.
JAI HO
20.03.2023
Happy Day Today as Always
Last Friday, Market tried to show it's Strength by Closing at Highs of the Day after Full day of Volatility. Volatility was at Peak keeping both Bulls and Bears at Toes and those who were trying to trade intraday without having any Predictive analysis were bound to book losses both sides. This is going to be texture of Market for next 2/3 days before it decides to change gear and accelerate.
We are on the Bullish Bias since last week and getting Rewarded accordingly.
Very conservative traders who bought Far OTM 18000CE are still not in Profits because you need to understand the RISK: REWARD here. While going down also it didn't Melt that much and therefore it will take some time to make base before going up with the Market. That's why it was for the Conservative traders.
Those who took Weekly or Monthly Calls have already multiplied their money many times but you need to understand that the Risk for them was also equally High in the Falling Market. One gets Rewarded according to the Risk one takes.
This does not mean that people with less Capital or those who don't understand Risk Management should jump in weekly or monthly Next Time. NEVER. Always respect your Capital and decide the Risk Management. Yours and Others can never be same. This is the reason people fall in Trap of Social Media Glorious Success stories and Ruin themselves. In our same group, some may be earning very high profit with the same View of Mine but some are Not, one of the reason is Destiny but the other one is RISK.
Always go by what Suits your Capital and NEVER change your style or Risk, looking at others.
Some may prefer to go all out, Loose and still don't Mind but some of you may get upset with small losses. Understand and Respect this Mindset and keep practicing the same kick 1000 times rather than practicing 1000 kick one time. You may me Slow but most importantly CONSISTENT.
This week, I expect lots of Events unfolding some seen and some unforeseen and we continue to maintain Buy on Dips View
We are WEALTH MAGNET, Abundantly Blessed CONSISTENTLY
SO BE IT
Happy Day Today as Always
Last Friday, Market tried to show it's Strength by Closing at Highs of the Day after Full day of Volatility. Volatility was at Peak keeping both Bulls and Bears at Toes and those who were trying to trade intraday without having any Predictive analysis were bound to book losses both sides. This is going to be texture of Market for next 2/3 days before it decides to change gear and accelerate.
We are on the Bullish Bias since last week and getting Rewarded accordingly.
Very conservative traders who bought Far OTM 18000CE are still not in Profits because you need to understand the RISK: REWARD here. While going down also it didn't Melt that much and therefore it will take some time to make base before going up with the Market. That's why it was for the Conservative traders.
Those who took Weekly or Monthly Calls have already multiplied their money many times but you need to understand that the Risk for them was also equally High in the Falling Market. One gets Rewarded according to the Risk one takes.
This does not mean that people with less Capital or those who don't understand Risk Management should jump in weekly or monthly Next Time. NEVER. Always respect your Capital and decide the Risk Management. Yours and Others can never be same. This is the reason people fall in Trap of Social Media Glorious Success stories and Ruin themselves. In our same group, some may be earning very high profit with the same View of Mine but some are Not, one of the reason is Destiny but the other one is RISK.
Always go by what Suits your Capital and NEVER change your style or Risk, looking at others.
Some may prefer to go all out, Loose and still don't Mind but some of you may get upset with small losses. Understand and Respect this Mindset and keep practicing the same kick 1000 times rather than practicing 1000 kick one time. You may me Slow but most importantly CONSISTENT.
This week, I expect lots of Events unfolding some seen and some unforeseen and we continue to maintain Buy on Dips View
We are WEALTH MAGNET, Abundantly Blessed CONSISTENTLY
SO BE IT
BIOCON
Biocon in last hour of Friday fell due to a Block Deal but now if it breaks 200, I would suggest to Book Loss in this and Wait for Next Update
Keep SL of 199.40
JAI HO
Biocon in last hour of Friday fell due to a Block Deal but now if it breaks 200, I would suggest to Book Loss in this and Wait for Next Update
Keep SL of 199.40
JAI HO
LOA
I may not be available Real Time because of Some Complication of Health with Mother and there seems to be some Panic situation as well
Though I will be keeping a watch on our existing positions and have triggered Alerts for all of them.
I will Update wherever necessary
Thankyou
I may not be available Real Time because of Some Complication of Health with Mother and there seems to be some Panic situation as well
Though I will be keeping a watch on our existing positions and have triggered Alerts for all of them.
I will Update wherever necessary
Thankyou
BIOCON
Buy 1 lot of 200 PE at 4.50 now and Hold the future as fully Hedged
Chances are that this goes in FO BAN and we may to be able to trade further in this
JAI HO
Buy 1 lot of 200 PE at 4.50 now and Hold the future as fully Hedged
Chances are that this goes in FO BAN and we may to be able to trade further in this
JAI HO
Biocon
Those who didnt buy PE are requested to Exit because you dont have much of a choice and once in BAN the prices behave Irratic
JAI HO
Those who didnt buy PE are requested to Exit because you dont have much of a choice and once in BAN the prices behave Irratic
JAI HO
22.03.2023
Prosperous Day Today as Always
Thankyou to all of you for Good Wishes and Prayers for my Mother's Health. She is almost Recovered and much better now. She had a Fall and keeping her age and other medical complications in mind, it was a Panic Trigger but now everything is under Control. Thankyou once again 🙏
Coming back to Market, I don't have much to add or Explain for the Market at this point of time. It's just doing what was expected as per our Discussion and Reading.
When the whole World was Selling, we could just catch the Peak of Panic and we could Act because we cleaned out Bearish Bias a few days back itself.
If you carry a Bias in mind, it's impossible to Reverse immediately and Act too.
Old members are aware of this explanation. I explained this with an example of Car on a Highway. When you drive a Car on a Highway at good speed it's never possible to take a U turn at full speed. If you try it, you will surely face an Accident and most probably the Car will overturn. First you need to slow down and Park the Car on sidelines and than watch for Clear way to take the Turn Slowly. Once the turn is taken you can slowly increase the Speed.
Same applies to Positional Trading. From Extreme Bearish Position, you can't turn to Extreme Bullish position in one day. If you do so, with a very smal nagative move against your direction, your account will get blown.
What we did over last few weeks is to be keenly observed to Learn this. We started booking out our Shorts from 17100 levels when we saw new low below 17300 and slowly reduced our quantity on Short Side keeping our Bearish Bias. Than we booked all our Shorts and planned to go Sidelines. Than came the new Panic Low below 17000, where we decided to build Positional Longs with Limited Risk.
I hope you are Learning something Everyday and making yourself a Better Trader and a Better Human Being
Wish all of you a Very Happy Hindu New Samwat 2080
We are WEALTH MAGNET welcoming New Samwat 2080 along with Abundant Happiness and Prosperity
SO BE IT
Prosperous Day Today as Always
Thankyou to all of you for Good Wishes and Prayers for my Mother's Health. She is almost Recovered and much better now. She had a Fall and keeping her age and other medical complications in mind, it was a Panic Trigger but now everything is under Control. Thankyou once again 🙏
Coming back to Market, I don't have much to add or Explain for the Market at this point of time. It's just doing what was expected as per our Discussion and Reading.
When the whole World was Selling, we could just catch the Peak of Panic and we could Act because we cleaned out Bearish Bias a few days back itself.
If you carry a Bias in mind, it's impossible to Reverse immediately and Act too.
Old members are aware of this explanation. I explained this with an example of Car on a Highway. When you drive a Car on a Highway at good speed it's never possible to take a U turn at full speed. If you try it, you will surely face an Accident and most probably the Car will overturn. First you need to slow down and Park the Car on sidelines and than watch for Clear way to take the Turn Slowly. Once the turn is taken you can slowly increase the Speed.
Same applies to Positional Trading. From Extreme Bearish Position, you can't turn to Extreme Bullish position in one day. If you do so, with a very smal nagative move against your direction, your account will get blown.
What we did over last few weeks is to be keenly observed to Learn this. We started booking out our Shorts from 17100 levels when we saw new low below 17300 and slowly reduced our quantity on Short Side keeping our Bearish Bias. Than we booked all our Shorts and planned to go Sidelines. Than came the new Panic Low below 17000, where we decided to build Positional Longs with Limited Risk.
I hope you are Learning something Everyday and making yourself a Better Trader and a Better Human Being
Wish all of you a Very Happy Hindu New Samwat 2080
We are WEALTH MAGNET welcoming New Samwat 2080 along with Abundant Happiness and Prosperity
SO BE IT