STOCKYARD

*Morning Snippet for 9th March*


*Global Update:*

Saudi Arabia's announcement of slashing its Official Selling Price and threat to increase oil production by 2mbpd has reignited sense of panic accross the equity markets as well as crude oil traders.

Gold prices hace risen to 8 yr high, US VIX have surged and dow futures are down more than 1000 points.

WTI crude oil price , as mentioned in chartwatchers, is trading much below $38 is in a strong grip of bear market.
*Price has come down to levels of 2016 and it seems it is heading towards $20 in medium term*

*Nifty observation*

Nifty witnessed second week of fall closing below 11000 on the weekly basis.

11000 mark was crucial as far as uptrend was concerned as it was the trendline support connecting lows from 2018.

*Now since price is below the key level, looking at the intensity of fall it puts the bullcase off the cards for now in the medium term*

On the upside, gap areas as well key averages comes in the range of 11650-11700.

Thus only above 11650 we will reconsider the bullish scenario for index.

Coming to the daily chart fridays doji pattern with huge volume and momentum indicator failing to make new low does indicate pause in the recent downtrend.

Thus, price might consolidate from hereon or will see some pullback in this week.
Immediate pullback in price could be towards 11250-11400 zone.

However, as sgx nifty is indicating an opening below 10650 a break below 11600 will create more sense of panic in market.
Thus avoid taking any fresh long position.

*On friday we had initiated Bear put steategy and week earlier we initiated hedge strategy recommend to hold this till further update*

*Derivatives*

*FII & DII activity in Cash Segment* :
•FII Cash: -3594 Crs.
•DII Cash: +2543 Crs.


*F&O Cues*
* FIIs were net sellers of index futures on Monday as they have added 36,370 short contracts. Now net position on index futures stand at 1,73,133 short contracts.

*Option chain data analysis* The maximum put open interest is at 11,000 strike with 9 lakh contracts whereas maximum call open interest is at 11,200 strike with 18 lakh contracts.

STOCKYARD

*Morning Snippet for 5th March*

*Nifty observation*

An intermarket divergence between nifty and banknifty has signalled a bullish reversal.
Bank nifty broke the low made two days ago whereas Nifty did not follow up today.
This is an inter market divergence which till it holds carries near term bullish potential.

Thus fresh short in index should be avoided now.

Also as per elliot wave as nifty still remains in wave iv a new low with a positive divergence on rsi should mark bottom in price and we should see pullback towards 11750.
Till then we could see index consolidate in broad range of 11050-11470 in index.

On the other hand as banknifty has already made a new low we should now wait for price to go above 29200 for an upside of 29800 in short term.

*Derivatives*

*FII & DII activity in Cash Segment* :
•FII Cash: -2415 Crs.
•DII Cash: +3135 Crs.

*F&O Cues*
* FIIs were net sellers of index futures yesterday as they have added 20,512 short contracts. Now net position on index futures stand at 1,31,512 short contracts.
* Option chain data analysis: The maximum put open interest is at 11,200 strike with 14 lakh contracts whereas maximum call open interest is at 11,300 strike with 18 lakh contracts. The max pain level for today’s expiry is 11,250.

Market too much volatile better way seat out.

Cmp 280

Liquidate position in crompton

Its opportunity time.
( Tomorrow monthly expiry but dont miss this opportunity )

“Be fearful when others are greedy and greedy when others are fearful.”

Warren rules🤘

Dont panic hold SBI and Voltas

I am not sure but sbi card ke Ipo chakkar may SBI ko bhi chala ne ka mood lag raha hai. Cont..
Hitting volume. 332 vimp point
If its cross than 350 soon.

Track List

SBI,PVR, Voltas, Ujjivan, Tatagloble

Nifty 11700 aaya ki shopping karana hai. Capital free rakho

Range valid only for today

Add 5% Allocation
Voltas Buying range 702 - 697

Crompton i will add more position after 302 on Breakout level Target conti.. 340.

Market selling Cont...
Stay out and wait for good opportunity.

1)Investor Keep TSL for Existing position.
2) Fresh entry trade with low position size.
3)Nifty 11700 blow possibility

Voltas Day🤘

Crompton soon..

Use TSL 754.50.

Do your own analysis
" Crompton "
Just share next Trade cmp 288.

After hitting my Tsl now its 12%up