Unofficed Discussions 2: Market Overview


I haven’t managed to write since I last archived the discussions of 8th. Post that, the next mentionable view on the market was shared on 11th October on #nse_privatetraders channel in our forum.

  • TVS Motors is a sell based on technicals.
  • Bank NIFTY may go up in the first up only to fall as per technicals.
  • Amaraja Batteries will be volatile and range bound (for good scalping opportunity).
  • SRF is a sell at 1740.
  • Also, Wednesday was amazing to short NIFTY futures or 9900 CE
  • Escorts is a sell at 710 based on technicals. It is likely to consolidate around 700 levels for few days before it discovers it’s directions!
  • Then Asian Paints was experiencing fat finger case for the last couple of days it seems. I am thinking to put a limit to the downside.
  • GMR Infra has formed PRZ (Potential Reverse Zone) at 16.35. So I am looking at buying there based on the Bullish Gartley spotted there.
  • Justdial is a sell at 420 based on technicals.
  • Godrej Industries won’t fall below 600; it has a strong support there!


To my surprise, all trade setups went to profit thanks to the fall in Bank NIFTY which dragged NIFTY down with it. It triggered a massive sell-off at the second half of the Europe’s opening and there was some news on North Korea as usual which is used a front reason for sell off!

All the setups were bear setup making huge intraday profit while Godrej Industries fell to 597 and bounced back.

BankNIFTY reversal


Please enter your comment!
Please enter your name here