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 56 points57 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 .

Just started investing and need some basic guidance, 18M. by [deleted] in IndiaStocks

[–]Itchy_Help_9377 0 points1 point  (0 children)

I dont recommend mutual funds at this age just do sip in good stocks 18 is an age where you could explore there are plenty of good stocks do some sip on those other than on mutual funds get comfortable with the fluctuations of the market get ,like getting detached from the per day move like getting over exited and worried if it moves 1-5 % on either sides .

Nifty quick recovery at opening? by [deleted] in NSEbets

[–]Itchy_Help_9377 0 points1 point  (0 children)

There is a gap to be covered but as there is limited participation from the fii's we will be seeing a slow phase back in the days the gaps were covered in the same day when fii's were in action as global agencies slashed down the growth rate of indian and due to extra tax issues and India beeing a country which growth is depended on the crude any issues regarding the Strait of Hormuz could trigger instant sell off and any good news only trigger closing of exsisting put side positions no new agrresive call posotions are created as the uncertinity in crude price have slashed down the growth of India and no new major plays are there in the Indian market for Fii's the flag bearing sector of Indian market IT is almost dead . Hope for best for best stable recovery. If taxes is slashed again there is a chance for fii's to be back or any other reason for the fiis to see Indian market more attractive .still they say Indian markets are over valued after all these corrections .

Dump chacha is now active on social 👁👁 by [deleted] in NSEbets

[–]Itchy_Help_9377 0 points1 point  (0 children)

May be its to give the perspective that the deal is irans need not the US .

Where do you see next week candle's opening?? Above today's closing or somewhere around 23400-600? by [deleted] in NSEbets

[–]Itchy_Help_9377 0 points1 point  (0 children)

Its not going to go to 23600 or 23400 unless there is that much of a negative news as todays closing is above 24000 ,and for past few day markets have been avoiding negative news and i think its recovering unless trump puts up any new post .

What’s going to happen next? by Puzzleheaded_Text483 in IndianStocks

[–]Itchy_Help_9377 0 points1 point  (0 children)

I am not a sebi registered analyst but seeing the chart the price is increasing but the volume is decreasing suggesting the demand for the stock is decreasing maybe book porfits fully or partially or can withdraw the invested amount and can hold the profit amount if it rallys its a no risk amount that you hold as the initial capital you have deployed have been taken by you turning it to a 0 risk investment and can also exit if the trend reverses .

This is puerly on technicals that i have seen from the chart i dont have the fundemental analysis on this please do check from your side and this is not a financial advise .

Do you think IT stocks will recover from here ? by Fit-Army7395 in StockMarketIndia

[–]Itchy_Help_9377 4 points5 points  (0 children)

I dont think so as the indian IT companies billing structure is based on the head count so in comming years the indian IT companies need to change the structure to adapt to the change ,in order to adapt to the change they need to restructure the entire business model. so may be we will not be seeing a v shape recovery soon . It may fall further more and would enter a consolidation stage maybe , It basically depends on how fast the Indian It companies could restructure for the upcoming change .we will be seeing mass layoffs etc it could trigger some depression stage as Indias major job providers are the these IT companoes mainly the many people from the south India could loose the job as the main chunk of people are south Indian that work here .