Great Expectations

Remembering the great work of Charles Dickens .

Well the expected rate cut came and we had a sell off .

For tomorrow look for buying near 7540 or at gap down it comes for a decent bounce of 60 - 80 points.

Also note yesterday talked about the negative divergence in Banking stocks . The rest is history .

Sell SL 7730 NS .

Happy Trading ! !

Time for Divergence to Play tomorrow

With the Big Event tomorrow one thing noted is that all Banking stock are showing visible negative divergence in RSI - 14 . 

Above all the rally is already 1 month old and showing signs of Exhaustion .

Would be selling at the rate cut announcement Targets on the down side are 7640 - 7550 - 7465 . .

It will be a roller coaster ride so manage SL as per your Risk . Upside limited to 7840 - 7890.

Happy Trading ! !

What Lies Ahead

Well Going in the Big Event Week ahead all i can see is just blood blood and blood

The Day the budget was announced we had the rumors of  rate cut and all bullshit statements.

Definitely rate cute is coming on 5th april - - ????????????


Well either rate cut / rate hike / neutral --------- In all the cases we are heading for a blood shed.

Wait and watch .

No levels at present - Trade as per ur risk appetitie --- I will be on the sell side . Lest Prices Supreme let them guide me ! 

Happy Trading ! !