The Trading Bot

Go Short in Crude Oil below 7130

7000pe Above 55 SL 38 Target 135 ( 17Apr Expiry Position )

** Trade in Derivatives includes Risk of Losing Capital, so trade under proper risk management guidance

CURRENCY DERIVATIVES CLOSED FROM TODAY ONWARDS AROUND ALL EXCHANGES, NOW FRESH POSITION IS ALLOWED FOR RETAIL. HOLDING ARE VALID TILL 5TH APRIL, NO FRESH POSITION IS ALLOWED NOW. 5TH APRIL ONWARDS NO FRESH POSITION IS ALLOWED FOR RETAIL TRADERS

Reason : Brokers and prop traders have been using the segment to punt on the dollar-rupee futures contracts since they were launched in 2008. This sounds the death knell of the segment from 5th April Onwards

RIP USDINR EUROINR GBPINR JYPINR

Market Sideways for last 2:30 Hrs no real movement between 50 points, no trade confirmation since 10:45 AM Sell Signal

Two Strong Sell Signals till now at 12550 Levels, that means profit booking is coming in midcaps, now at the lower side market is taking support 22450 levels, in between sideways movement of 100 points, again in daily closing chart Day Support is placed at 22440 Level, down below that level can again bring a reasonable correction till 22180 upper side is open and uncharted, pre-election rally can take nifty upto 23000+

Market again fail to sustain 21400, crucial support now at 21280 if broken then 21200

23-JAN-2024 NIFTY opened a GAP Up around 21700+ and hit high of 21750 but after than it was all red no green or bullish sentiments where found in the market today, it was a one sided PE game with HIT Player 21600 Pe Made Low of 37.30 then rallied upto 463, it was a jackpot trade for option trader's

Now the daily closing chart is not good enough after this dip, Today's closing below 21400 indicates nifty is selling pressure, another dip from here brings NIFTY to its Support of 21050, this level was tested twice in December but gave a sharp bounce back, but there is a cross over of 3:30 days EMA which indicates weakness in short term moving averages, but for now we can assume NIFTY at lower level will take support at 21050 and on the upper side sustain above 21400 can help nifty to regain 21550-21600 level where again nifty can be range bound. Overall sentiment bearish unless sustain above 21400 closing basis

( Views are my personal and charts are for educational purpose )

After a Gap Up Opening arund 21699, nifty fail to sustain and closed around 21588, intraday chart clearly shows weakness and domination of Bear's, Technically from this level nifty needs to sustain over 21650 strongly for further uptrend, at lower side 21530 followed by 21400 levels will act as a support

Winter Hot Pick ( 3-4 months holding 30-35% Upside Target )

HUDCO @ 153 SL 138

BUY & HOLD AARTIIND @ 658 SL 590 Target 750+

In Nifty Monthly Closing Chart, there is a Bearish Spinning top formation clearly visible now with a support placed in around 21585 levels (closing basis ) Nifty must close over once above 21740 comfortably with a volume for uptrend but if fails to sustain Nifty again can slip down to 21285 & Below that 21190. now Auto correction can also be a possibility from 21300-21400 level, for now 21500 is only acting as a psychological Support not Technical Support, keep your trade with a proper stoploss in option or avoid untill 21700+

( Charts are for educational purposes, views are my personal )

Views are my Personal & Charts are for educational purposes

Market has either possibilities from here, but we have a strong support at 22000 followed by 21700 level from where there is a strong bounce back. On the upper side 22124 is high done till now over that 22250-22300 will be my target