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24 March 2020..... India equity markets made low of 7511 and next 35 days 2348 points recovery.

So let's see which all sectors participated and which lagging behind.

Violet line indicates ... Nifty 50 Index
Green line indicates respective Index.
Yellow line indicates... RSI(14)
My chart reading says..

Participating sectors... NIFTY financial services, Pvt bank, Metal, Energy, Auto, Infra & IT

Laggards..... Nifty consumption, FMCG, Pharma, Media, Realty, PSU Bank

So one can decide where to long and short in May series.
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Help other learners to make up their own trading decisions.

Please #RT if you find it useful.
#NIFTY Pharma included in Laggard since it has backed last leg of almost 600 points with -Ve divergence In RSI. Seems the steam is over.
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Student
@BasicLearner
Why did I say so?

Let's have a look, how smart men set the move and we dragged along.

A learning thread of price action and its option chain set up.
Stage 1.

Stock come into radar on 17 Apr 20. with its increase in traded value, traded volume and above average delivery % in last one week. Also, noticed the ratio of number of trade and total traded quantity is high..... Seems big players are interested in this.
With this set basic set up further peep into the charts and option chain gave some important observations:

1. Stock is in consolidation since last expiry.
2. When CMP was around 1300. Unusual activity seen on far OTM PE.
3. On 1160 PE highest unwinding is observed.... GADBAD
Read 10 tweets
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Student
@BasicLearner
#BHEL #FNO #PSU #STOCKSTUDY #STOCKANALYSIS

It's wonderful Bullish set up.😀

*** Volume, Traded Value & Delivery%...... Up.
*** Consolidation for more than month in a Narrow range.
*** Unwinding in shorts from 30 March to 10 Apr.... Indicated with Orange color.

*** Fresh position added in Futures from 10 Apr on words.... Indicated with Green arrow.
*** Quite accumulation in progress. Fall in ATR value and daily volatility.
Read 6 tweets
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Student
@BasicLearner
1. Chart Pattern: Consolidation after four continued weekly bearish candles.
2. Price facing resistance at 20 DEMA.
3. COI rising.
4. Increasing delivery on weekly basis.
5. Addition in far OTM PE in Apr & May series.
6. Addition in ITM, ATM & all OTM CE.
7. PCR 0.58
We have very limited stocks in FNO in this sector.

Its IT sector.... Lets do some study.

*** Note.

Don't speculate. Don't mention name here. Allow everyone to put efforts. If you find the stock, study the effects. Focus on learning.
Commendable efforts by many..... small addition to input.

Nothing big happens without prior preparation......

Therefore, don't forget to check the data in recent past in Futures, option chain and delivery pattern.
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