GenkeiFutura

GenkeiFutura

Stock for festival season. Since the time Tanishq is contributing to the major profit of Titan, the profits have started to increase drastically in between August - December. I would buy the stock in pullbacks. P.S. I would load up on Titan stock around 2450 levels.

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The next level of support is at 233 levels, I would go long at 233, with a stop at 230 level and target at 241 levels. Based on how this stock is falling, I feel this should happen around its earnings timeframe. P.S. The only worry is that quite a bit of revenue for Microsoft is generated from rest of the world. With this strengthening of dollar, the revenue is...

GenkeiFutura

SHOP has consistently been taking the 29.81-31.79 levels as support multiple times. This level might not hold longer, causing the stock to plummet to the 28 or 26 levels soon. Short term bearish.

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Since the 102 levels for Google has been tested twice it is not holding up, Google's support levels are around 92. Google's next level of resistance is around 110. My Plan: Sold a 93 Put for October 14th Expiry pocketing $110. I'm fine if I google for 93.

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Since Ethereum has a immediate resistance level at 1580-1600 and immediate support level at 1300-1350, I thought of taking a trade in options by selling Call and Put at 1580 and 1350 levels respectively for an expiry on 23rd September. I would keep a close eye on the FOMC meeting on the 21st, If i manage to get enough premium before the FOMC meeting, then I...

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Since all the banks have either broken the range or moved to all time high, I expect kotakbank to also join the party. Besides Kotakbank has been hovering the resistance multiple time, it could possibily break this resistance this time. If Kotak bank opens flat and moves above 1974, I would go long with a target of around 2000 and stop of 5-6.

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Marico has shown a breakout of the range after quite some time, if this momemtum continous then we could see Marico reaching 550 levels again. I would go long if it crosses 535 levels, with a stop of 3-4 and target around 550.

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Nifty looks a little weaker compared to Banknifty, based on the fall in price towards the end of the trading day yesterday. We will wait for a day to trade Nifty, so that nifty breaks the range of 18060-17020. The market might mostly be trading within this range today. I would skip Nifty if it is within this range today and just trade banknifty.

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A massive move by Banknifty yesterday. Today, I expect the market to move sideways or have some volatility within the 41700-41000 range. Considering, today is weekly expiry, lot of people might square off their position or take new position. I would go long with 100% position only if the BN tests 41500 level. All the people who have shorted Calls at 41500...

GenkeiFutura

AMD is in a downward channel since Jan this year. Partly because of the Semiconductor issue. The current support level is an important level(75-77) for AMD. It has already tested this level twice. We would have to wait for the price to show us the direction. If we cross 78.5, we could take a long position with the first target around 83.5 levels. If it...

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Meta has not bounced from its support level as expected. We will wait for a day or 2 to see how price action works at this level before taking a long or short position. The next level of support if the current support level(149 level) is broken is around 135. It would take some time to reach there, besides there would be some volatility with these ranges before...

GenkeiFutura

Similar to Banknifty, Nifty would also have a massive gap down(300 points) today due to global data. I would wait for the first 15 mins candle to show me the direction on whether to go long or short. I still think 17800 is a good level where Nifty should hold. Considering that the global markets are in the process of recovering from the massive drop yesterday,...

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Based on the global data, the market is expected to gap down massively. Since SGX nifty shows a 300 point drop, I expect the market to open around the 40000 levels and hold that range. There might be some volatility in that range. Since FII is still buying, I wouldnt be so worried. This is infact a healty correction, considering the contineous green candles...

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Similar to Banknifty, Nifty was also trading in a range after the initial spike. It was not able to break 17980 in the up side and 17920 in the down side. My Plan: - Today it would interesting for option buyers, since we would see either a breakout or breakdown above 18000 or below 17900 levels. - I would only look to trade if one of these levels are...

GenkeiFutura

BankNifty was trading in a range yesterday between 40680 and 40520 levels. There was not much of a trade for options buyers(unless you were a scalper). Today there could be a break out or break down from this range. My Plan: - If the market opens flat(40600 levels) or gaps up, then I would would go long once it crosses 40700 levels. - If the market opens...

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Breakout already has taken place. There might be a retracement back to 2100-2150 levels before it pushes higher. My Plan: I would jump in during the retracement with a stop at 2096 and target at 2300 levels.

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HeroMotocorp has been stuck in a range 2730-2900 levels for quite some time, its high time it breaks the levels and starts trading in a new range. I would be interested if it breaks 2900 levels. This might not happen today, but possibly in this week.

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ABB is in a good accumulation phase. It had a breakout and now it is holding on to that region, I would be interested in this stock only if it breaks 3260 in the lower side and 3400 in the higher side. Since the ATR has been reducing for the stock, there should be a breakout or breakdown soon.