Bounce at AVWAP, Sideways to Weak Tone
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GOLD & SILVER stayed within Monday’s range, but volatility remained high.
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MIDCAP moved sideways while SMALLCAP remained weak, printing 12 red candles in 15 sessions.
NIFTY & BANKNIFTY bounced from AVWAP and closed well near Tuesday’s gap zone, indicating buyers stepping in.
SMALLCAP is now close to key supports at 17450 & 17200, where a short-term pause or relief bounce is likely.
⦿ Game Plan
✔ Focus on stocks showing relative strength near highs.
✔ If markets bounce, look for high-volume & strong bounces in strong sectors.
✔ Look for follow-through buying near support for short-term opportunities.
⦿ Sector & Stock Highlights
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Sectors:
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Auto continues to remain strong structurally.
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IT showed strength with 4 consecutive green weekly candles.
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Stocks on Radar:
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We will share actionable setups in the Telegram group as and when opportunities appear.
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⦿ From the Stocky Mind Community
A fun reality: when markets turn choppy, some of our community members say they feel “unemployed”.
But in truth, this is discipline.
A skilled trader knows when to attack and when to stay silent.
No trade is also a trade; it protects capital.
⦿ Quote of the Week
“When price rests, traders must rest.”
See you in the next pulse with Stocky Mind Pulse – 32 🙌🏻
If you liked this issue, share it with your trading friends.
Let’s grow smarter together 💪🏻
Best Regards,
Stocky Mind ⚡️
⚠️ Disclaimer
The information shared in this newsletter is for educational and informational purposes only.
It is not financial advice or a recommendation to buy or sell.
Please do your own research or consult a certified financial advisor before making any trading or investment decisions.