𝗧𝗵𝗲 𝗖𝗵𝗮𝗿𝘁 𝗪𝗶𝘇𝗮𝗿𝗱

Weird price action across stocks, with multiple shakeouts over the last 2 sessions. There’s no real thrust or liquidity, and quality setups are also missing. Also, the market is near its short-term EMAs, so need to be cautious at these levels.

#APOLLO Added yesterday at 413.6 with a small position size. Honestly, I wasn’t planning to enter as the market had rallied for 4 consecutive sessions and was near strong resistance around short-term EMAs, with thrust and volumes also missing. As the expected pullback started today, exited near cost instead of waiting for the SL to hit.

#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.

#KROSS Looks good on LTF as well but market environment 😐

#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.

#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. 😐

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.

#TEMPSENS: TSL hit at cost.

IPOs… IPOs… IPOs! No need to look elsewhere. That’s where the action is right now.

#STEAMHOUSE Booked fully at 129.5 Impact: 1%

#PCJEWELLER Booked 1/3 at 14.13

#PCJEWELLER Holding all.

#KANOHAR Attempted today at 864 with 850 SL. Closed at 848 due to minor slippage. Lost: 0.3%

Top priority was #AUGMONT, but it opened gap up by around 3% and within 1–2 minutes, it hit UC. So there was no opportunity to enter.

Till Mid- September, I was up around 4.5%. Over the last few sessions, I gave back almost 6–7% in open gains. It hurts, but that’s part of trading. After closing today’s position and taking a few small SL hits, I’m still positive for the month with around 1.5% impact. I lost around 2% across 2–3 trades mainly because my position sizing was bigger. I took that risk because I had a cushion. Otherwise, I would have gone with only 20% size.

#BLUESTONE solid expansion #BLEL also doing well Both were top-priority setups for today.

Added this at 1124 but closed at BE.

#KANOHAR Missed the morning entry, but caught the second entry.