Manappuram is at a potential support zone With gold, silver close to recent highs expecting a decent bounce here Also good as a long term buy
Maruti - almost corrected 50% of the june - october rally and is at potential support zone Looking for a contrarian bounce here
Tata motors has a good long setup in the ST timframe. SL on close below 410 We can move towards 445 if it holds mentioned support
SPX is at the upper bound here Shorts may be tried (positional ) between here and 4110 SL as per your appetite
Eicher potentially deep into an ABC corrective. The 5th wave of the C looks extended. If counts correct snap back will be sharp Can Try longs hereon, do manage your stops
USOIL is at some major trendline and indicator based support zone. Worth looking for longs here around 85.4 SL 84.2
Crude is at this trendline. Was stopped out of earlier trade around 84.2 This still looks like a bottoming structure. Fairly maddening moves last couple of months
50% rally from the june lows. Stock is overdone. Longs should book out here Aggressive traders may scale in shorts
NG - potential buy zone is 5.85 - 5.7 SL 5.6 Closing basis 2 hr
Post FOMC sell off has seen vix declining - very counter intuitive. I am expecting this to reverse soon Significant resistance around 26.5 -26.7, and declining with time and down move. If we start trading above highlighted resistance zones - vix bears will run for cover Somewhere around 24.5 will be a good place to try longs
Tata steel - we have a short setup here results were weak SL 106 (closing basis)
This has been the nifty ladder on the way up. 17980 imp for now - number changes if it keeps rising) Close below on 30 mins will change the mkt to sell the rally from buy the dip
SPX support structure since the bottom on 13th Oct is highlighted here 3810 roughly speaking on closing basis is imp. Neutral as FOMC needs to be seen off
The massive bounce back that we saw post the inflation print came off the 50% retracement of the entire post COVID rally to ATHs. Bulls want to hold this, else next is 3200
Last week's bounce on NDX came off the 61.8% retracement of the entire post COVID bull mkt Bulls might want to make a stand here.
Another way to look at silver (posted potential wave counts earlier) Likely operating gann fan structure that I would use
The move from around 21.2 to 18.07 can be labelled as an ABC Post that we have had an A or (i) up , a Bor (ii) ongoing. Expect next leg to be a sharp up again SL the low on 14th oCtober Using November calls to position for the same here
Bata broke out of the highlighted trendline and had a sharp ramp Decline last few days saw a bounce off the same trendline Next week if we get close to the trendline worth trying some narrow SL longs around the trendline, 1745-50