Market Update #9

Market did exactly what was expected yesterday. First 5 minutes actually defined the trajectory for the whole day.

Bank Nifty made an extraordinary move yesterday, 40800 was a really important level.

Paradeep is showing really good momentum, one can add position in this. If price drops to ₹60 or below, go all in.

Stocks expected to make good moves in a few days or weeks -

Uflex and Gujrat Alkali. If you guys have still not bought it, then buy it with strict stop loss.

Inspite of all Tech stocks down by 4% to 5%(infy, tcs). Happiest Minds was only down 1.5%, sheer outperformance.

We may see a volatile market today. There might be both -

Long Buildup, Long Unwinding

Short Buidlup, Short Covering