3rd June end of day analysis for 4th June Today was a brutal day for #Nifty traders and overall markets in general. On such days, one feels lucky to be on the right side of the index move and risk management skills are tested to the core. The analysis posted yesterday at x.com/avipreet/status/206186… did not really hold good apart from the fact that we did see a complete V shape recovery from the last support level mentioned in the post i.e. 23150. Also, the index did end with a bullish undertone. There were multiple factors at play today: 1. Overnight, tensions flared between Iran and other ME countries with fresh reports of Iran attack on Kuwait coming in. 2. Bloomberg published a news article stating that RBI may have sold some #Gold assets to stabilize INR 3. IT Index was down and out with bellwethers #TCS and #INFY down 9 pct (at one point of time) and 4.5 pct. 4. FII sell numbers were already negative as of yesterday. Inspite of all of this, NIFTY somehow showed a mercurial recovery from the 23150 gap fill level. This was something that fellow traders @rathi_amit , @HiteshRandhawa were rooting for and it happened. Hats off to them! While the sharp recovery came at the back of a resurgent Bank Nifty ,a RBI clarification and a #LTCG waiver rumor all of which could not have come in a minute too late, it still left a sour taste for folks who were both long or short as it ended up eating stop losses on either side. So, where do we go from here. 1. Change in OI - Neutral to Bullish as seen in the OI change snapshot from #SENSIBULL Pro Traders change in OI is bullish today 2. Price Action - Positive Nifty ended the day with a dragonfly doji on daily tf. Construed as positive. Nifty's biggest constituent Bank Nifty ended with a Bullish hammer forming a double or rather triple bottom defending 53000. Bank Nifty could lead the way now and surge ahead pushing Nifty as well Directional View - Positive on Nifty, again will stay long with immediate targets of 23800 once the 23500-550 zone is crossed. If today's low 23150 is broken, will look to short intraday with target of 23000-22900. Positional view is still long. Note: All of the above is my own analysis and trading plan for Nifty and other indices, this should not be construed as trading advice in any manner.

1st June 2026 #NIFTY broke through the crucial psychological level of 23500 today without any issue. Also broke a small trendline support shown below. However, it is close to a potential support level of 23250. 1. Any gap down may result in an immediate reversal given that we are oversold. Also 23500 should act like a magnet and attract straddle sellers for tomorrow's expiry 2. Also, a lot of call writing happened one day prior to 2nd June expiry which was very high as a percentage of total calls written for ATM and near ATM strikes. For instance: Out of 50 L calls written at 23400, 48 L were written today, and 73 L out of 89 L at 23500. This gives an opportunity for short covering as calls written today would not have a premium cushion to sustain if there are bullish spikes. Directional View - Look for bullish reversals in case of a gap down supported by reversal seen on smaller timeframes. Can play Nifty positionally long if 23800 is reclaimed. For Flat opening, will look for a range to be formed and play breakout / breakdown of the range. Note that 23150-23260 is a gap fill zone where Nifty can potentially find support. Below this, 23000 and below will again open up For Gap Up opening - Observe OI Buildup and price action #NIFTY #NSE

RT @HiteshRandhawa: #SYRMASGS seems to be playing the long term sustainable game. Promoter pedigree seems to be top notch. PCB venture wi…

S Chand & Company Ltd #SCHAND -- Is it a 'Heads I win and Tails I don't lose' story?

Affordable Housing Sector is gaining limelight and maybe has been the strongest sub-sector in this market correction. For the next 2-3 years, the housing finance industry is projected to grow at 16-17% with the affordable housing segment expected to achieve a 22-23% CAGR! Quite a few catalysts in place for the sector: 1. #PMAYUrban 2. Govt's mortgage guarantee scheme for lower income group 3. Personal Income Tax slab revision benefits for people earning upto 12 lacs 4. 2nd home tax benefit announced in budget 5. Falling Interest Rates Had prepared HFC Trends and Outlook report (for personal consumption and few friends) basis Q3FY25 Earnings Call of the companies that can be found here drive.google.com/file/d/1xwt… Hope the community finds it useful. #AADHARHFC #AAVAS #INDIASHLTR #HOMEFIRST #APTUS #BAJAJHFL #PNBHOUSING #CANFINHOME #REPCOHOME #LICHSGFIN

One thing that RAs and Investors who have come up in last 5 yrs (and use technicals for stop losses) would learn in this bear mkt (assuming it continues) is that there isn't a constant stop loss rule applicable in all types of mkts. Awareness of what stop loss works in what types of markets and making adjustments accordingly is something that isn't talked about and not given enough importance!!!

#CaGRQuestCap_ConcallSummary_Q3FY25 OK Play India Ltd. #OKPLAYINDIA #OKPLAY

Since 2020 in tests. @imVkohli | 34 tests - 58 innings - 1828 - Avg : 31.5 - 2 Centuries😏😏😏 @ImRo45 | 32 tests - 58 innings - 2129 runs - Avg : 38.7 - 6 centuries 😏 @imjadeja | 29 tests - 44 innings - 1391 runs - Avg : 34.77 - 3 centuries 👏👏👏 @ashwinravi99 | 35 tests - 53 innings - 1089 runs - Avg : 20.94 - 2 centuries👏 So Jadeja has better batting record than Kohli since last 5 yrs in Tests 👏👏👏👏👏 Jadeja and Ashwin have been far more valuable players than #Kohli and #RohitSharma in test matches in last 5 yrs!!!! Awesome performance #KingKohli 👏👏👏 Time for both Kohli and Rohit to hang their boots or gloves or whatever from the Test Arena too!!!! #INDvsNZTEST #INDvsNZ

Thank you Sandeep Bhai @Alchemist1320 for insightful views on #SME investing framework and for shedding light on this area of investment that has recently got bad name due to few unscrupulous stakeholders. Great job Vivek Bhai @vivbajaj with #Face2Face and bringing value via this platform to investing community. We say this specifically in the light of current controversy! What weighs more is the 249 good Face2Face conversations you have had out of 250 and not 1 where a fraud cheated you too despite best your best intention!!!!!

🌟 Happy Ganesh Chaturthi 🌟 May Lord Ganesha bless you with wisdom, prosperity, and success in all your endeavors. Let this festival fill your life with joy, peace, and new beginnings. 🌟 Shubh Ganeshotsav 🌟 🌟 Ganpati Bappa Morya 🌟

Some thoughts on #Tiles and #Ceramics sector basis on-ground interaction with few Tiles and Ceramics manufacturers in #Morbi #KAJARIACER #SOMANYCERA #CERA #ORIENTBELL #ASIANTILES #ASIANGRANITO #CERAMICS