Notes

Sector analysis
1- Nifty mid cap

Out of last 19 weekly cancles - only 1 candle is red- market is looking stretched, midcap index
below 37500 is first sign of weakness - start booking out.

Even ratio of nifty midcap/nifty is at near resistance and since nifty is showing exhaustion signs-
chances are midcap index will also show it
NIFTY FMCG

Not a leader- possible short candidate- already trading below 55 period moving average

2- Nifty consumption
Trading above imp pivot- but ratio with nifty is forming Lower high structure- no conclusion

NIFTY _ IT-
at imp pivot - if consolidate around this level- try to find winners in the index
NIFTY REALITY-

PRICED - have reversed - from imp pivot point-have already reduced dlf positions by half- If
retraces to 487 levels- see again

NIFTY- AUTO-
nothing wrong with structure- lacking leadership at the moment- no positions for now

NIFTY METALS
Nothing wrong with the structure but price is near imp pivot- wait for consolidation/break out - no
short positions

NIFTY
For bullish structure to remain entact- nifty should not breach 19255 level and might oscillate
between 19255 and 19755

NIFTY INFRA
Excellent structure- can do some pair trading here till nifty forms continuation or fall, consolidate
and breakout with weaker sectores like fmcg, banks

CNX media- no clarity- can be a deadcat bounce- observe for 3-4 more days- if it sustains- then
take entry level positiosn
Commodity sector - at an imp - pivot- observe closely

Nifty energy- price at imp pivot- ratio line has already given break out- observe for long setups
Nifty service sector has reversed from imp- pivot- price structure looks weak- can look for short
candidates

Nifty health care

Big price rejection candle, price action seems strong- prepare to add more quantities in dip in
the leaders
Pharma
Last week formed price rejection candle- ignore the structure for now- anyways not comfortable
in rally in defensives

Banknifty - weak structure- shorts can be build here and some on bounce back- trend line is
broken + trading below 55 moving average
NIFTY PSE - superb strength- incase of 3 percent dip- protect your positions by buying puts

PSU bank - at 10 year breakouts- observe price action at this pivot - but when ever nifty bank
shows strength it can come from psu sector
Portfolio review

BSE

Nothing wrong with structure- shake outs can come- since position sizing is very large- reduce it
by 35 percent below 873 and another 20 percent below 850. If price gets stable around
780-820- look to add the position back and below 780- square up everything for the time being

Shardacrop chem
1- Most of the shares sold at 493- level break- square up remaining quantities

Tide water oil

Nothing wrong with structure- stage 1 break out volume - with market correction correction if it
retraces and stabilizes around 1000-1050 levels - can be a good opportunity to add small size

REC - you got lucky- hold on to it - below 217 make putspreads in next month - with the kind of
volume- it seems stock is going places - so ride the rally
PTC INDIA

Price is at imp pivot - below 117- book out full positions for now- it was good trade

Restaurants brands asia

Stage 1 breakout with volume- nothing wrong with structure- can add quantities on retracement
to 103-105
KDDL

Good trade- protect your profits and start trailing by 100 inr

ETHOS

Excellent structure - protect profits by 125 inr- if trailing sl is hit and again stock bounces back-
make positions again- it seems both kddl and ethos are going 2500+ have patience- do weekly
study of the stocks

Antony waste-
Structure is excellent - if stock closes below 300- square up for now and it if retraces back to
335+ start building positions again- - high probability long structure

Kalyani steels- best stock in metal pack-book profit now buy on retracement

Global health + narayan hrudalya+rainbow hospitals- nothing wrong with structure- if you get
below 15 percent - show some strength and add more quantities

LICI
Nothing wrong with structure but if it closes below 653- book loss on quantities that were added
at 661 and hold remaining with sl of 580

Bector foods
Since trailing sl was hit on 50 percent positions at 770- now you can trail remaining positions
with sl of 900