#HDFC has given a decent breakout , I am looking for a move towards 2330-2365 zone, it the #stock sustains above 2285
RSI looking bullish
Monday is #USA trading holiday
Friday #DowJones surged 575 points
But as #Brent nears 120, it will be better to be cautiously bullish #Nifty

Not a trading call, academic post

BENEFITS OF OPTION SELLING

Most of the successful traders here are option sellers.

Ever wondered why?

Why we have chosen option selling?

How to decide what strategies to use?

THIS IS THE ONLY THREAD YOU'LL EVER NEED!

Find out below

1: Theta decay

The biggest reason and one of the prime reasons is the theta decay.

Option sellers always have an advantage because the as time passes, the option premium falls even if the underlying instrument doesn't move.

2: Being wrong and still making money.

We as option sellers can be wrong with our market view and still end up making money because of the power of theta decay and adjustments to some extent,

3:Playing directional view

Option selling also enables us to take a directional view. Infact, directional view along with theta decay makes it a solid combination.

Debit spreads and credit spreads works great for a directional view.

4: Playing Neutral view

We can make money in option selling even if the market doesn't move as the otm options will go to 0 with the help of theta decay. It's the most fascinating thing.

#CNXPHARMA
Date : 27th may

Weekly chart says further consolidation at index level.
Long story short : Index management for next 2-3 weeks

Lets check stock specific action in this thread

#SUNPHARMA Chart says further consolidation . Don't expect any major move in near term

#DRREDDY Can we see 4850 level in near term ?
Reason you guys have to tell me and in what scenario 🧐

#CADILA #Zydus
Typical reversal pattern Price making LL /RSI making HH but one thing is missing
HH/HL pattern 😐

Good to add near 350 for 400

#LUPIN I can see many breakdown in this counter. Sell on rallies (Breakdown retest)

Surprisingly, this week many banking stocks bounced back from their key supports.

Bank of Baroda

#BankNifty breaks importance resistance of 34800
Expect Banks to do well in June, similar to recent rallies in global banking names (Citi, JPM, Wells Fargo etc)

Possible targets

GRASIM
- To grow in paints through the Capacity route by investing 10000 Cr

- Paints is also a brand, distributor, tinting machine game

- Will be interesting to see if Grasim will be able to scale that

#Thread on #AsianPaints industry dominance

1/n
#FMCGisLife @CNBCTV18Live

CAPACITY

Asian Paints capacity at FY20 end was 1.73 Bn Litres

Grasim targets 1.3 Bn litres (~75% of Asian Paints)

Asian Paints Current Capacity > Berger + Kansai + Indigo + Shalimar

#FMCGisLife #AsianPaints #Grasim @CNBCTV18Live

2/n

REVENUE & MARKET SHARE

Asian Paints (No. 1) Qtrly Revenue = Berger Paints (No. 2) Annual Revenue

Asian Paints Annual Revenue is:
3.5X Berger
4.7X Kansai
10X Akzo Nobel
32X Indigo

They're already market leaders and Mgmnt said it increased >140 Bps in 2022

#FMCGisLife
3/n

MARGINS

Even at higher levels of RM Inflation and through all competitive intensity Asian Paints' Margins have been well above the industry

Last 12 months EBITDA Margin:
AsianPaint 17%
Berger 15%
Kansai 10%
AkzoNobel 14%
Indigo 15%
#FMCGisLife
4/n

NOW... THE MOST IMP THINGS

DISTRIBUTION
- Total Reach for Asian Paints now at 1.45 Lk retail points
- Asian Paints Dealers alone as big as the entire industry put together
- They also have 46000 Tinting Machines (equal to entire industry together)

#FMCGisLife #AsianPaints
5/n

#AdaniEnt
#ElliottWaves

5 waves from March 2020 lows seem done now. Price confirmation is there.

Had a target of 2320+ for final wave 5.5 minimum and then head back to 1600 sub (we did 2420)

Now can head back to 1540 wave (4) low atleast.

#GlobusSpr - #Daily

- 20% LOWER Circuit, A HNS breakdown showing the weakness for the stock, taking it to the more downside of at least 20-30% correction band zone.
The typical pattern target suggests 650 as the demand zone.

@chartmojo @ca_mehtaravi @caniravkaria

🔻🔻🔻

Bajaj finance , another bear flag in making ..

lets see how this breakdown happens

Globus Spirits - pattern X target open is 680

Now, you can well recognize the pattern X after hundreds of tweets on this.

DivisLab

After Q4FY22 concall, Divislab has hit 52 week low of 3650 today and is now 32.70% down from it's high of 5425.10

DivisLab is looking to go further downside over growth concerns this year.

Technical Outlook attached

#DIVISLAB

https://t.co/qUo3BxUX9Z

#ASIANPAINT