STOCK SPECIFIC MOVES TO CONTINUE	08.05.25

STOCK SPECIFIC MOVES TO CONTINUE 08.05.25

By CKN Staff

July 8, 2025

Yesterday was expected to be a stock specific day and it was. The indices just moved within narrow bands. Option sellers gave it about half a day before pitching in with their Call writes. A lot of intraday positions were also covered by the end. So it seems that traders are taking a day view only here. That betrays a nervous sentiment, one where adventure is totally absent. We ended the day with 25600Ce and 25300Pe being the new range created by the option traders. BNF was suggesting resistance at 57000 strike because of the decent build up there. It remained steady there all thru the day, indicating that today too hat shall function as a hurdle.

You recall me talking about lack of price damage in the declines and how that is indicative of light trading or profit taking activity only? Well, over the last 6 sessions (all down), the NF has lost some 180 points! Only. But the mood seem like we are staring at a bear market!. Get real. At least thus far, the market is continuing to say that I am NOT interested to go down. Heed that. Be buyers at pullbacks. Lack of upside moves will also dictate that breakout buys are not rewarding us right now.

Given the ranging price action of yesterday, the Cpr for today is a narrow one and hence some trends may occur today. 25400/56900 are two levels in the main indices that should be watched for break of those will signal continuation lower. Pace may be slow buy losses for may occur if there is a break. So, longs have stops there (if still holding). The NT BullsEye signals (60min) are currently on neutral, awaiting the next signal. On daily mode, though, both indices are on resolute buy signal and hence we have to still read this as a pullback within an uptrend.

Many people express a need to turn into swing traders. Well, now is such a time. Main trend is up but the short term is down. So, ideally, one should either stay idle on longs or buy into this dip. But market has been now down for 6 sessions. Who has the guts to be a buyer here? The fact remains that it is a lot tougher to be a swing or positional trader than a day trader.

Some tariffs have been announced and others have been kicked downward to Aug 1st. So, the bit of uncertainty associated with this event should continue.

Directional plays were few and far between. Some nice positioning on the charts where a steady market can help propel them ahead are Britannia Bharti Apollo Hosp etc. Delhivery is at a stage 2 breakout stage. So, a few stocks to watch if market is better. Something amiss at Chola Fin, awaiting a breakdown, Titan, Tata Motors may be under pressure on commentary.
Continue with stock specific moves

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