Momentum on Hold Post-Diwali
Not the kind of close traders hoped for post-Diwali.
NIFTY has posted 2 straight weeks with long upper wicks; clear hesitation at higher levels.
Momentum picks up only above 26100, while 25600 remains key support near the October 2024 gap zone.
BANKNIFTY hit a fresh ATH during Diwali but ended with similar indecisive candles. Supports lie at 57650 and 57300.
⦿ Game Plan
✅ Track fewer names showing real strength and volume. Avoid random breakouts.
✅ It’s a “hit & run” phase; go with smaller sizes, faster profit booking, and tighter stops.
✅ Let the leaders guide exposure; if top names can’t hold, others won’t either.
✅ When conviction is missing, preservation is progress.
⦿ Sector & Stock Highlights
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Sectors:
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PSU Banks: +4.6% this week again, new ATH, leadership intact.
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Auto: Consolidating after a solid ATH run.
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Metals: Clean big base breakout with FTDs
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Stocks on Radar:
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GMDCL_D, P0CL, SUBR0$, U$HAMART
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⦿ From the Stocky Mind Community
👉🏻 We are hosting a free trading webinar for all traders; an open session to discuss your queries, setups, and thought process.
📍 Details ⇛ telegram.me/StockyMind
⦿ Quote of the Week
“Flat phases don’t test your skill; they test your patience.”
See you in the next pulse with Stocky Mind Pulse – 27 🙌🏻
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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.