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Asian Paints is setting up for a reversal trade. The price has not been able to form a significant low in the last two trading sessions. Once 2903 level is breached strongly on the upside, we can target 2963 as the First Target. There could be further upside after that to 3060 level! This is a Mean Reversion Trade. I'm anticipating the trigger to happen...

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If Nifty forms an Open = High Daily candle today by EOD, i.e. a totally Bearish Red candle, this means the sentiment on Nifty is pretty clear for further downside to be taken on a Swing basis. The criteria is that by 15:20 or so Nifty should be around 24,300 or below that level. If that happens, a Swing / Positional short trade can be taken for November...

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Bharti Airtel is showing a great reversal from it's Trend line and Monthly Support zone. A quick long trade can be taken for a modest target of 1632. An ATM CE Buy can be taken and you can hedge it with a far OTM CE Sell to create a Spread.

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After the large trending and volatile moves yesterday, Nifty is expected to be range bound today. It is best to apply non directional strategies. However, I would advise to stay away from Nifty today totally. Tomorrow could be a trending day and it is best to play Nifty tomorrow.

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Those looking to trade Directionally today can avoid BN today. After the volatile moves today, BN is expected to be sideways for this expiry. Those who want to play non directionally can create some Strangles. Upper Range - 52,800 Lower Range - 51,200 BN would most likely expire in this range today.

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Nifty is holding the lower levels and showing a clear reversal signs. The buyers aren't allowing the sellers to take the price lower. I've taken a counter trend long position with a 2:1 risk reward view. Purely intraday basis as shown. This is a risky trade since this is counter trend. Not advisable. However, I have a gut feeling based on price action and hence...

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If the 2nd or 3rd 15 min candle engulfs the first candle completely, then it's a shorting opportunity on Nifty on intraday basis! Target is not more than 23,770. Watch closely.

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Nifty is super weak like BN. However, the downside in Nifty could possibly be restricted. Based on today mornings price action, the weakness can sustain till around 23,550 levels. I have taken a short position for target till 23,550. Will reassess once Target it hit. Nifty will have to be traded Level to Level. We would need to access price action at each zone.

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Between Nifty and BN, BN is expected to trend more this month after looking at the Daily charts. Either monthly position can be taken by buying the ATM / ITM / OTM PE (Not too far OTM) and then it can be hedged with the Far OTM PE short. For instance, 51400 PE or 51,100 PE is a good bet which can be bought. Another strategy would be to play it intraday basis...

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As shown in the 15 min chart, wait for the Intraday S-1 support to break decisively and a short position can be taken till the area of minor support. While my straddle position is still open, I'm looking for an intraday shorting opportunity on Nifty if my conditions get fulfilled. However, I won't be going Long on Nifty.

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Although BN showing Bullishness yesterday, Nifty is still stuck in a range. While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis. For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside. I took straddle position yesterday afternoon and...

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Yesterdays relief rally on BN must not be interpreted as a Bullish call. BN faces stiff resistance around 52,400 zones. At the same time, Nifty is weaker in comparison to BN. My understanding is that some sort of price action will need to form at these levels to understand the further direction. It could also happen that BN may correct from here. I would...

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MFSL has given a multi year breakout after 3 plus years of consolidation. Price has tested the level and we need to wait for the Weekly Candle close to be Bullish without any selling pressure to confirm this. We can expect an upside target of 2000 level on this stock in the times ahead. A buy on dips strategy can be applied for those looking to invest.

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Nifty is extremely weak and a clear rejection has shown up. I have taken short position on Nifty for this week's expiry. My forecast is that Nifty should reach Previous Week's Low. 24800 PE - BUY 24000 PE - SELL (As a Hedge) Nifty also has the strong possibility of testing 24,000 level by the end of the Oct series with some minor bounce expected around 100 DEMA.

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HDFC Life is showing good bullish traction. Stock has been consolidating since Sep-'24. It has give a breakout this week, did a re-test of the zone and has held it which shows good strength. RSI is super Bullish on all High time frames which indicates momentum. I have taken a Long position and maintained SL around 715 level. Target would be 860. Not a...

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BN is the stronger compared to Nifty. BN has fallen the maximum according to my analysis this week. Nifty on the other hand is extremely weak as I mentioned earlier. Any rallies on Nifty can get sold into. and we can even look at 24,000 levels in this month. For BN, 50,740 is the crucial Support. If that is breached next week, it will be mayhem on BN and we...

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Nifty has broken the crucial Daily Support zone in the morning itself and looks weak. The intensity of the fall since October beginning is such that I feel we are just witnessing a DEAD CAT BOUNCE! Sorry to all Cat Lovers. Any bounce will be weak and will lead to fresh selling and lower levels seems all likely to be visited in October itself. I have taken...

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51,600 seems to be the crucial resistance for BN. Most bears will be having their SLs above this zone. If we get a strong closing in the second half today or even tomorrow morning, it can lead to a short squeeze and the immediate Target would be 52,200. Do not go Long or Short before this. Else, you will get slaughtered! Standby!