5 points up☘

JOCIL (D) - Forming Cup and Handle chart. Breakout above 225
Weak below 195 daily close.

ES: 19th Aug

On Friday, ES gapped up and held above Thursday’s single prints and the large gap, continuing the trend of higher value areas—a sign that the bulls are still running the show. The market showed a P-shaped profile, typical of short covering. Since the liquidation early in August, the market has been accepting higher prices, suggesting we might be eyeing the return to all-time highs soon.

But hold onto your trading hats because ES has had 9 straight green days. If the ES futures cross yesterday’s high (5586) and manage to stay above 5602, we could be heading for 5632. However, there’s a strong chance of rejection around 5602, which could set us up for some range-bound action between 5584 and 5530. If it slips below 5526, brace yourself for a gap close down toward 5487.

At a more granular level, 5571 is crucial. If ES can hold above this, we could see moves toward 5586, 5600, 5616, and even 5632. But if the bulls run out of steam and the price falls below 5571, expect targets at 5557, 5540, and 5525 to be in play. With a packed news week including Fed speakers, FOMC minutes, and economic data, it’s going to be an interesting ride!

ES: 19th Aug.

After a brief dip in the B period, where shorts were trapped, we have seen a relentless upward move, with a brief pause in the E period.
Above 5603.5 we entered in the Value area (or the cost basis) of the 23rd July. Often if the price is accepted in the value area, we move to POC (5610.5), where we already are, and then move to Value area high (5622.5).
Lets see what market has in store for us.

NIFTY: 20th Aug

NIFTY seems to be playing a game of tug-of-war. Yesterday was a trending day with anomalies between 24370-24390, 24490-24520, and 24570-24590, and some stubborn single prints at 24490 refusing to budge. Today, the action revolves around 24600, with VPOC and POC cozying up there. Despite an early sprint, NIFTY hit the brakes at 24700, like a sprinter realizing they left their wallet at the starting line and returned back to base!

Key levels? Keep an eye on 24570 (VAL) as support and 24700 as resistance. A break above 24700 might open the door to 24835 and 24860, with a possible dash to fill the gap at 24885-24990. But if 24570 doesn’t hold, we could revisit 24490 - 24370 and maybe even fill the small gap at 24220.

With volatility ruling, NIFTY seems to have decided to play "Now you see me, now you don’t" with the bulls and bears, reminding everyone that those who proclaim that they know what is going to happen are the ones left holding the bag!

Risk management and taking trades with your A+ setup is the only way in this market

RKFORGE (D) - Tight consolidation going on. Can give a good move above 958.
View invalid below 900

6% up☘

Cyient
Intra

Above orange🤞
Momentum pick

12 points up
T1 done☘

T1 done

8.3% up in one day🙏

Bse
Intra
Above orange only🤞

Short range 50805 t0 50820 sl 50860
Tgt 50580

Sl close