Watchlist for 1st Sept 2020

 Will need to see how the market moves today after the sell off yesterday. Nifty saw a huge downmove with massive volumes. The candle in NF has engulfed the entire last weeks upmove in one day. Remains to be seen whether there is any attempt by the bulls to reclaim lost ground.

There are only 2 scrips on the watchlist today. That too I will be watching them as to how they behave at critical levels mentioned in the grid. This could be a no trade day if these 2 dont give a setup.

 

Result for 31st Aug 2020

 It was a major sell off in the market which got spooked by the GDP numbers and the skirmish with China at the Ladhakh border. None of the buy signals couls give a follow through after the pullback. The only trade was in Voltas which gave a short signal at the break of the lower range and it moved well. Couldnt trail the SL as there was bullish bias in my mind regarding the market.