CUMMINS INDIA View

CUMMINS INDIA. Recently gave a Harmonic Channel Breakdown below 940. Whose Targets are placed at 800 on cash in medium term. Better to open up a bearish option trade here rather going for puts. Fresh Harmonic breakdown is placed below 874
Which once breaks would open up the Targets of 770 on downside. Note this is not a market where stocks are breaking down. So wait for rallies to initiate trades. Better to be conservative with trade positioning.

NIFTY Update

Wheels finally turning southwards for INDIAN EQUITY MARKETS. Just a formality now to close below Tuesdays low. US Markets have already closed below Tuesdays low. DOW S&P NASDAQ all major INDICES have developed setups of sell on rallies. Here in INDIA things for now looks bad. It would get poor below 17380 and it would get worst below 17200 on spot. Strengths of Past would become weekness of Present NIFTY also have developed setup of sell on rally. So better to play the downside using monthly options. Avoid futures for now. Cash Trades were already hedged using DECEMBER PUTS 2 weeks back. So no concerns there. Next week Monday and Wednesday would be important vibration days to watch out for. Happy Trading 👍

SAGAR CEMENTS View

SAGCEM. SAGAR CEMENTS LTD. A very strong structure to chase. An excellent Weekly setup and a Rock Solid Monthly setup. The Harmonic Vibration and Geometrical all Cycles are suggesting this a Strong buy. At current levels as well as on dipp till 250 to 270 zone would be a great apportunity to add for the Targets of 327 and 377 in medium term. Note Targets are purposefully kept at 20% to 40% so anyone who follows Gann Patterns for swing trading understands the accuracy and the conviction on the Trading System. So Targets would take time to achieve.