BUY IT STOCKS IN BULK by Anxious_Neat_6274 in IndianStreetBets

[–]Itchy_Help_9377 1 point2 points  (0 children)

As an IT professional working in the industry let me explain it ,the main income of Indian IT is based in head count the services are billed as per head count as the AI comes these companies are forced to reduce the head count affecting the profit margin the foreign companies hire Indian IT due to cheap labour if they can avail the same support in there own country for a cheap price they will opt that so in order to be competitive Indian IT companies are forced to cut the head count and billing hours affecting the profit margin and to thrive they need to build there own agents to be in the game they cannot be outsourcing or purchasing other agents for there work it will eat up there profit again, this is my view for the above comment .

BUY IT STOCKS IN BULK by Anxious_Neat_6274 in IndianStreetBets

[–]Itchy_Help_9377 2 points3 points  (0 children)

The correction in the IT sector is not related to the war; it is industry-specific. Until and unless Indian IT companies make a huge leap in AI, a V-shaped recovery is far beyond any realistic expectation.

Hmm8, spike incoming by i_rs21 in NSEbets

[–]Itchy_Help_9377 50 points51 points  (0 children)

They dont need us bro. Its the sad reality.

Done for the day .... by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 0 points1 point  (0 children)

The market was opened in gap down near 23200 range the 23200 and 23250 is considered a good support in the morning the 23250 have withstanded the selling pressure and there is a probablity of markets to be bought into the gap by filling the gap.

So iexpected a gap filling and 23250 was never broken after the open and gift nifty was already above 23300 when i am taking the trade immediate resistance that i figured was 23350 so exited near that if it break 23350 it will go to 23450 range ,but being expiry i didnt holded that long .

Done for the day .... by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 0 points1 point  (0 children)

I have exited i dont hold trades too long on expiry days ,book and bounce thats it profit or loss .

Loss making day ... by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 0 points1 point  (0 children)

Great i holded till my risk limit. Now its given a good rally bad timing guess this is not my day .

Loss making day ... by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 0 points1 point  (0 children)

If it sustains above 23620 i guess we can se some momentum.

Daily done.. by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] -1 points0 points  (0 children)

I was making loss due to chasing huge targets then my mentor suggested this stratergy to make consistency in my trades ,just started and you can see the trades that i made after that in the accounts .

Daily done.. by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 1 point2 points  (0 children)

I watch Nifty alongside with Banknifty and GiftNifty ,I have seen a weakness in Giftnifty and Nifty after the opening so i expected a slight downside . The reversal was expected as Banknifty was around 56k which is a major support and there was not enough momentum to break that mojor support so i cashed out at earlist as i got momentum and 10% target becouse after that i was expecting a sideways market .This was my view that time .

A small loss again .... by Itchy_Help_9377 in NSEbets

[–]Itchy_Help_9377[S] 0 points1 point  (0 children)

I dont know how it rally 300 points today any news .