Trade Setup for Nov 17

Rating Upgrade is a big event Moody’s rating upgrade and Positive Asia cues likely to lift the markets towards 10320-350 region. Positive outlook was always an indicator for FIIs but culmination into ratings upgrade will be seen positively Sustenance of Bank Nifty above 25000-25180 and buying in RIL, IT stocks will provide stability to markets…

My Take on Idea results

How do I see Idea results ?  Weak results What was In-line with estimates Widening of losses, 300 bps fall in EBITDA margins, fall in ARPU and realizations. What is concern ?  Further fall in ARPU for Q3, Q4 after cut in IUC Potential increase in churn after increasing loss of subscribers from August Balance…

Trade Setup for Nov 13

  Short Build up in Nifty futures, Marginal Short Build up in Bank Nifty futures Traders looking for a limited downside till 10110-10150 Tentative Hedged bets are placed for a drift towards lower levels in #Nifty but with a limited downside Key Levels Nifty support 10110,10150 resistance 10320-350, 10500 Bank Nifty Support 25200 resistance 25520, 25950 Stocks…