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NIFTY PLAYS CATCH-UP GAME …. OUTSMARTS WOORLD MARKETS . . .
Trading levels 1st / 5th June 2020
In the last 3 days, NIFTY roared back to close above 9500. The market seems to have found second wind and it will now try to test the 30th April high – which remains the first target.
It is BANK NIFTY which is now showing more strength. As long as that does not show weakness, NIFTY is on good wicket.
I expect reliance to show some weakness but it has become extremely news-driven stock. SO NO ONE CAN REALLY PREDICT.
MANY COMPANIES HAVE APPROACHED SEBI SEEKING EXEMPTION FROM DECLARING JUNE 2020 RESULTS. If that request is accepted, we may have another 500 nifty point rally easily. MANY COMPANIES WILL BE SAVED THE BLUSHES OF SHOWING DISASTROUS RESULTS.
I feel one can safely remain long as long as 9400 is not decisively breached.
I have a facebook group SHARE MARKET WEEKLY VIEW. If you wish you may join that group – IT IS FREE - where I have put up some recommended entry prices for 60 odd good quality stocks.
As I always say, we have to play percentages to make money. Bold bravado or blind consensus following does not help. I HAVE JUST GIVEN YOU SOME FOOD FOR YOUR GREY CELLS. WHAT DO YOU SAY ? ? ?
07:16 PM
|
POSN TRADING |
daily close trigger |
JUNE 2020 |
|
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
9600 |
9375/150/8925/8700 |
9825 |
|
long |
9825 |
10050/275/500 |
9600 |
|
|
SENSEX |
short |
32350 |
31600/30850/100/29350 |
33100 |
|
long |
33100 |
33850/34600/35350 |
32350 |
|
|
BANK NIFTY |
short |
19550 |
19100/18650/200/17750 |
20000 |
|
long |
20000 |
10450/900/21350/800 |
19550 |
|
|
CNX IT |
short |
14000 |
13650/300/12950/600 |
14350 |
|
long |
14350 |
14700/15050/400 |
14000 |
|
|
POSN TRADING |
weekly |
DATE |
25th / 29th may 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
9075 |
9000/8925/8850/8775/8700 |
9150 |
|
long |
9225 |
9300/375/450/525 |
9150 |
|
|
BSE SENSEX |
short |
30650 |
30400/150/29900/650/400 |
30900 |
|
long |
31150 |
31400/650/900/32150 |
30900 |
|
|
bank nifty |
short |
17300 |
17100/16900/700/500 |
17500 |
|
long |
17700 |
17900/18100/300/500/700 |
17500 |
|
|
cnx IT |
short |
13700 |
13550/400/250/100 |
13850 |
|
long |
14000 |
14150/300/450/600/750/900 |
13850 |
|
|
position trading |
weekly |
DATE |
18th / 22nd may 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
cnx nifty |
short |
9150 |
9000/8850/8700/8550 |
9300 |
|
long |
9300 |
9450/9600 |
9150 |
|
|
BSE SENSEX |
short |
31100 |
30100/29100/28100/27100 |
32100 |
|
long |
32100 |
33100/34100/35100 |
31100 |
|
|
bank nifty |
short |
19100 |
18900/700/500/300/100 |
19300 |
|
long |
19300 |
19500/700/900/20100 |
19100 |
|
|
cnx IT |
short |
13400 |
13200/13000/12800/600/400 |
13600 |
|
long |
13600 |
13800/14000 |
13400 |
|
POSN TRADING |
weekly |
DATE |
11th / 15th may 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
9320 |
9210/100/8990/880/770 |
9430 |
|
long |
9430 |
9540/650/760 |
9320 |
|
|
BSE SENSEX |
short |
31800 |
31450/100/30750/400/050 |
32150 |
|
long |
32150 |
32500/850/33200 |
31800 |
|
|
bank nifty |
short |
19675 |
19350/025/18700/375/050 |
20000 |
|
long |
20000 |
20325/650/975/21300 |
19675 |
|
|
cnx IT |
short |
13400 |
13225/050/12875/700 |
13575 |
|
long |
13575 |
13750/925/14100 |
13400 |
|
|
POSN TRADING |
weekly |
DATE |
4 th / 8th may 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
9400 |
9250/100/8950/8800 |
9550 |
|
long |
9550 |
9700/850/10000 |
9400 |
|
|
BSE SENSEX |
short |
31500 |
31000/30500/30000/29500 |
32000 |
|
long |
32000 |
32500/33000/500/34000 |
31500 |
|
|
bank nifty |
short |
19850 |
19550/250/18950/650/350/050 |
20150 |
|
long |
20150 |
20450/750/21050/350 |
19850 |
|
|
cnx IT |
short |
13150 |
12950/750/550/350/150 |
13350 |
|
long |
13350 |
13550/750/950 |
13150 |
|