Swing Trader | Investor | Not SEBI Registered
Joined September 2021
- Tweets6.5K
- Following90
- Followers42.5K
- Likes12.6K
#KROSS
This is on my priority list and is setting up very well as a Delayed EP.
#NIFTYSMLCAP250
The market has shown a good bounce over the last two days after the sell-off, but broader participation is still missing. With the market near resistance and the overall structure looking like a breakdown and retest, this is not the time to get aggressive.
Intraday trading is working well in EPs and IPOs, but for swing trades, it’s clearly a wait and watch situation. Two stocks are almost ready for entry, but given the current market conditions, I’m staying on the sidelines for now. By the end of this week, we should get more clarity on whether the market reclaims its short-term EMAs or sees another round of selling.
There’s no need to rush. If the market holds up well, next week could bring plenty of opportunities. Crude oil is also not showing much weakness, so uncertainty remains.
#NIFTYSMLCAP250
After last week’s breakdown, the market is showing signs of a reversal, and my plan was to capture this recovery move.
The index is likely to face resistance near 17k, where the 10 EMA is placed. From current levels, the maximum potential upside appears to be around 1%, whereas I was sitting on nearly 3% in open gains. Given the limited upside relative to the gains already available, booking profits here makes more sense.
The overall market structure remains bearish. My view remains sell on rise until the index closes above the 10 EMA for two consecutive days.
#HDFCSML250
Avg Price: 164.69
Position Size: 100%
Planned to increase the position size to 200%, but the funds are currently blocked in the Jio IPO. 😐
#NIFTYSMLCAP250
Perfect! Good level for now. Hoping for a reversal.
Let’s see how it goes.
Perfect!
Market is slowly moving into the oversold zone. Good time to start looking for ETF reversal opportunities.
Ideally, I would like to see another weak closing today, followed by a weak first half on Monday and a strong recovery in the second half.
However, I don’t know whether this scenario will play out or not. So, anyone looking for reversal opportunities can consider adding ETFs in 2 parts instead of deploying the full at once.
Market breadth is now in the extremely oversold zone. From here, the downside looks limited, with a maximum 1–2% more correction possible, if it happens.
Plan is to add more to the ETF position if we see another 1–2% fall.
For reversal trades, the ideal scenario would be another weak closing today, followed by a weak first half tomorrow and a recovery in the second half, forming a kind of pin bar.
Don’t want a recovery in the second half today. Let the weakness continue so we can get better reversal opportunities through ETFs tomorrow.
☠️
Back-to-back IPOs are lined up from 15th to 25th October.
✅ HD Fire: 710 Cr
✅ Fusion CX: 700 Cr
✅ Zetwerk Manufacturing: 5,000 Cr
✅ Tonbo Imaging: 850 Cr
✅ Bonfiglioli Transmission: 2,530 Cr
✅ Sahajanand Medical: 475 Cr
✅ Paras Healthcare: 1,450 Cr
✅ Jio Platforms: 30,100 Cr
Most of these IPOs have strong GMPs and could absorb a substantial amount of market liquidity.
With so much money flowing into IPOs, follow-through buying in the secondary market could remain limited over the next few weeks.
Something to keep in mind while planning your trades.