While Banknifty is refusing to oblige the shorters, PSU Bank index is up 1.7%, even a beaten down Bandhan Bank is up 6.5%., Privatisation candidate BoM up 9%.
When time permits and if its not much of a inconvenience would you mind dropping snippets around banknifty trades.
Could not drop a private message hence poked over here
When time permits and if its not much of a inconvenience would you mind dropping snippets around banknifty trades.
Could not drop a private message hence poked over here
I was thinking about Gaan. In a uptrend if Friday closes strong from a dip......most of the time monday open may be a bit higher and then it will retrace for 1 and/or 3 days before starting the upward journey. I have found this to be true in stocks.
Coming back to nifty and banknifty its kissing the friday high and getting knocked out from there below. Would it be able to pull upwards and close above Friday high? As I mentioned some good traders entered nifty morning time tsl and booked few lots rest they will hold easy with a cushion of 150 points plus the profits will also act as a cushion .. so upward jouney continues or we will get hammered again is the question. By me we will see a rally of 700 points from highs by July mid or last
Adani ports - was able to get in at lows and its rising
Only pain point is vedl and grnaules
Was expecting a retrace today 15300 - tops 15290 post the rally late half on Friday. Either ways some good trades have entered index 15522 area intraday and its TSL'd already - 50% they will square and rest carry against BE point is the idea.
I am still holding Adani Port ( ouch), Granules (Ouchy), Vedl (Ouch ouch - news came one day post entry) Castrol and Amarajbat.
Rest banks adding small qty if I get good dips.
Cochin shipyard I am watching but dont have guts to enter as of now since already have the above variety with me ... cochin may be 60 points move in coming months say 500
Same old game. Opening in red and keeping it few points down for few hours. Keeping intraday traders in confusion.
Then pullbacks.
Hope today nifty will hold 15700 or may close above 15800 just see what happens in Last 15 minutes.
Holding 2 banknifty long. Averaged at 1000 point down from my first purchase price.