TEAM LEASE SERVICESWhat the company does ?
TeamLease provides a full gamut of HR services covering staffing, temporary and permanent recruitment, payroll outsourcing, regulatory compliance, HR tech platforms, vocational training, and degree-linked apprenticeships. It serves sectors including BFSI, consumer, industrial, electronics, telecom, healthcare, retail, e-commerce, and logistics. Founded in 2000, it's India's #2 staffing company by market share. Its "Putting India to Work" philosophy drives everything — staffing, payroll, and compliance account for the bulk of revenue, with general staffing alone making up ~68% of the consolidated topline.
Market cap is ₹2,428 Cr (down 28.5% in 1 year), FY26 revenue is ₹11,791 Cr, and net profit is ₹141 Cr. The company has a low ROE of 13.4% over 3 years, and pays no dividend despite reporting sustained profits. Promoter holding is a relatively low 31.1%.
Market cap is ₹2,428 Cr (down 28.5% in 1 year), FY26 revenue is ₹11,791 Cr, and net profit is ₹141 Cr. The company has a low ROE of 13.4% over 3 years, and pays no dividend despite reporting sustained profits. Promoter holding is a relatively low 31.1%.
NEW MANAGEMENT :-
Suparna Mitra
New MD & CEO · Feb 2026
MBA IIM Calcutta · B.E. Electrical, Jadavpur University · 30+ years experience
Joined from Titan Company, where she led the Watches & Wearables division to 2x revenue growth in 3 years (reaching ₹4,500 Cr in FY25). Career spans Hindustan Lever, Arvind Brands, and Titan (2006–2026). Repeatedly ranked among India's Most Powerful Women in Business. Sits on Swiggy's board and IIM Kozhikode's board of governors. First professional (non-founder) CEO of TeamLease — signals a shift toward institutionalization over founder-driven management.
**DEBT FREE COMPANY ***
Strengths
✓ Debt free with ₹600 Cr cash
✓ Founders still engaged (continuity)
✓ New CEO brings fresh B2C/tech skills
✓ CDIO hire signals digital seriousness
✓ Buyback at ₹1,600 — management backs itself
✓ 33% PAT growth FY26
✓ 24 lakh+ people placed — track record
Is it debt free? — A resounding YES
TeamLease operates with zero long-term debt and maintains a net cash position, reflected in its negative net debt-to-equity ratio of -0.27. Net free cash stands at approximately ₹600 crore as of Q4 FY26, supported partly by ₹143.1 crore in income tax refunds received during the year. That's a massive financial moat for a ₹2,400 Cr market cap company — the cash pile alone is 25% of market cap.
GOOD ZONES TO enter now >
targets open : 2200/3200>>. strong resistance 
Long
XAUUSD – A Gentle Start To The Week, Gold Is Trying To Build HigXAUUSD – A Gentle Start To The Week, Gold Is Trying To Build Higher
Gold is starting the new week with a calmer recovery structure.
After the strong decline last week, price found support near the lower area and has been moving inside a short-term rising channel. Gold is now trading around 4,058, holding above the buy-test zone around 4,030 – 4,040.
The recovery is not aggressive, but it is becoming cleaner. If buyers continue to protect the channel support, gold may have room to move higher toward the strong liquidity area around 4,135 – 4,145 this week.
WEEKLY TREND OUTLOOK
Last week, gold was mostly under bearish pressure. Price dropped sharply, broke several short-term support zones, then started to stabilize near the lower range.
At the start of this week, the structure is showing a softer tone. Buyers are trying to build higher lows, while price is moving inside a rising corrective channel.
The key for this week is simple: if gold holds above 4,030 – 4,040, the recovery may continue toward 4,100 and 4,135 – 4,145. If this support fails, the recovery structure becomes weaker and sellers may return.
FUNDAMENTAL ANALYSIS
Gold remains sensitive to USD movement, Treasury yields, and rate expectations. After last week’s strong decline, the current rebound may be supported by short-term technical buying and profit-taking from sellers.
For now, price action around the buy-test zone and the strong liquidity area is the main focus.
TECHNICAL ANALYSIS – SMC + MARKET STRUCTURE
From an SMC perspective, gold has shifted from direct bearish continuation into a short-term recovery phase.
The market is now forming higher reactions from the lower channel area. The 4,030 – 4,040 zone is the current buy-test support. As long as price respects this area, buyers may continue to control the short-term structure.
The first upside area to watch is around 4,100 – 4,110. If gold breaks above this level with momentum, the next target may be the strong liquidity zone around 4,135 – 4,145.
However, this is still a recovery inside a larger corrective structure. If price reaches the upper liquidity zone and shows rejection, a pullback may appear again.
KEY PRICE ZONES TO WATCH
Current price: 4,058
Buy-test support: 4,030 – 4,040
Channel support: Around 4,030
Resistance 1: 4,100 – 4,110
Strong liquidity zone: 4,135 – 4,145
Higher recovery target: 4,160
Bearish pressure returns: Below 4,030
Invalidation for recovery view: Below 4,030
TRADING SCENARIOS
Buy Scenario – Weekly Recovery View
Buy Zone: 4,030 – 4,040
Entry: Bullish reaction, liquidity sweep, or lower-timeframe CHoCH
SL: Below 4,030
TP1: 4,100 – 4,110
TP2: 4,135 – 4,145
TP3: 4,160 if momentum continues
Breakout Buy
Condition: Break and hold above 4,110
Target: 4,135 – 4,145
Sell Scenario – Only If Support Fails
Sell Zone: Below 4,030 after confirmation
Entry: Clean breakdown, bearish retest, or strong bearish displacement
TP1: 4,000
TP2: 3,980
TP3: Lower channel support if selling pressure expands
Invalidation: If price quickly reclaims 4,030 – 4,040
MY VIEW ON GOLD
Gold is opening the week with a gentle recovery tone.
The chart shows buyers are trying to build a base above 4,030 – 4,040. If this zone continues to hold, I expect gold to move higher toward 4,100 first, then possibly 4,135 – 4,145.
But I still want confirmation. The recovery is valid only while price respects the lower channel and holds above the buy-test support.
For now, gold is not fully bullish yet, but the path toward the strong liquidity zone is open if buyers protect 4,030.
Do you think gold can hold 4,030 and continue toward 4,140 this week?
Long
XAUUSD: Weekly ABC Recovery from Buy ZoneGold is starting the new week with a corrective recovery structure after reacting from the lower liquidity area near 3,950–4,000. From Kelly’s view, the current move is developing as an Elliott ABC recovery, but the chart also leaves room for a stronger 5-wave upside scenario if buyers continue to defend the buy zone.
The key idea is simple: gold has already reacted from the lower base, and the next weekly direction depends on whether price can hold above the liquidity retest zone.
⟡ Market structure
The chart shows gold completed a strong bearish sequence into the lower area, then started forming a recovery from the buy zone around 4,045. Price is now trading near 4,083, above the first liquidity reaction level.
This recovery is still early, but the structure is improving. If gold holds above the 4,045–4,065 area, the market may continue building wave C towards the Fibonacci resistance zone around 4,117–4,125.
Above that, the larger resistance and liquidity zone sits around 4,200–4,202, where Fibonacci 2.618 aligns with the projected upside structure.
➤ Key levels
◌ 4,045–4,065: buy zone and liquidity retest area
◌ 4,083: current reaction area
◌ 4,117–4,125: ABC completion / Fibonacci resistance zone
◌ 4,200–4,202: major liquidity zone and Fibonacci 2.618 target
◌ Below 4,045: area where the recovery structure weakens
◌ Below 3,950: area where the bullish recovery setup loses quality
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be developing an ABC corrective recovery after the previous bearish wave 5 completed near the lower base.
Wave A started from the low and created the first recovery reaction. Wave B corrected back into the buy zone and held above the liquidity base. Wave C may now be developing towards the 4,117–4,125 Fibonacci resistance area.
If wave C ends around this zone and price starts rejecting, the ABC recovery may be complete.
However, there is also a second scenario. If gold breaks above 4,125 with strong acceptance, the recovery may no longer be only a simple ABC correction. In that case, price could develop into a 5-wave bullish sequence, with the next major target around 4,200–4,202 at the Fibonacci 2.618 liquidity zone.
▸ Trading scenario
Preferred scenario: wait for price to hold the 4,045–4,065 buy zone and continue the ABC recovery.
Entry zone: 4,045–4,065 if bullish confirmation appears
Stop loss: below the confirmed reaction low or below 4,030
Take profit 1: 4,117–4,125
Take profit 2: 4,160
Take profit 3: 4,200–4,202 if the move expands into 5 waves
Alternative scenario: if gold fails to hold above 4,045 and breaks below the buy zone, the ABC recovery weakens. In that case, price may return to the lower base and the bullish structure should be reassessed.
⌁ Kelly’s view
For Kelly, this is a weekly recovery setup, but it still needs confirmation. The ABC structure is active while price holds above the buy zone, and the first important target is the Fibonacci area around 4,117–4,125.
If buyers break through that resistance with strength, the chart may shift from a simple ABC rebound into a stronger 5-wave recovery towards 4,200–4,202.
Gold is recovering from the lower liquidity base. The ABC structure is valid for now, but a clean breakout may open the stronger 5-wave path.
Share your view below. Long 
Long 
Short 
XAUUSD: New Week, Same Sell-on-Rally Story XAUUSD: New Week, Same Sell-on-Rally Story
Market Context
Gold starts the new week with a weak recovery attempt after ending its two-day rebound from the seven-month low. Sellers are returning as the market enters NFP week, while the US Dollar is still supported by renewed Middle East tension and expectations that the Fed may keep a hawkish tone.
The broader message remains bearish. With RSI weakening and the daily chart still watching a possible Death Cross signal, gold remains a sell-on-rally market unless buyers can reclaim the key resistance zone with real strength.
Technical Structure
Gold is trading around 4,068 after recovering from the lower support area, but the structure is still fragile. The bounce is visible, yet price has not reclaimed enough resistance to confirm a true reversal.
The key zone above is 4,070 - 4,095. This is where buyers must prove strength. If gold fails to hold above this area, the recovery may fade quickly and sellers can return.
The major sell reaction zone is around 4,120 - 4,140. If price pushes into this area and shows bearish rejection, the main bearish trend may continue for another leg lower.
On the downside, 3,980 - 4,020 is the key support reaction area. Losing this zone would weaken the rebound and open the path toward lower levels.
Key Levels
Current Price: 4,068
Reclaim Zone: 4,070 - 4,095
Major Sell Reaction Zone: 4,120 - 4,140
Key Support Reaction Area: 3,980 - 4,020
Breakdown Zone: Below 3,980
Weekly Bearish Target: 3,950
Bullish Confirmation: Above 4,140
Trading Plan
Buy Scenario: Rebound Continuation
Entry: Above 4,095 after bullish confirmation
Stop Loss: Below 4,020
TP1: 4,120
TP2: 4,140
TP3: 4,180
Conditions: Price must reclaim 4,070 - 4,095 with strength, hold the retest, and form a clear bullish CHOCH. Buyers must defend the 3,980 - 4,020 support area. This is only a corrective rebound setup while gold remains below the higher sell zone.
Sell Scenario: Sell From Resistance
Entry: 4,120 - 4,140 after bearish confirmation
Stop Loss: Above 4,165
TP1: 4,095
TP2: 4,020
TP3: 3,980
Conditions: Price pushes into the major sell reaction zone but fails to continue higher. Bearish rejection appears, buyers lose momentum, and price fails to hold above 4,140. This remains the priority setup if gold continues to trade like a sell-on-rally market.
Breakdown Sell
Entry: Below 3,980 after confirmed breakdown and retest
Stop Loss: Above 4,020
TP1: 3,950
TP2: 3,920
TP3: 3,900
Conditions: Price loses the 3,980 - 4,020 support area, retest fails, and bearish momentum returns. This would confirm that the recovery has faded and sellers are ready to extend the weekly downtrend.
Overall Bias
The weekly outlook remains bearish unless gold can reclaim 4,120 - 4,140 with strength. The current rebound is not enough to call a reversal yet.
For this week, the main plan is to watch for sell reactions from 4,120 - 4,140. If gold fails there, the downside path back toward 4,020, 3,980 and 3,950 remains open.
Only a strong breakout above 4,140 would shift the short-term view toward a deeper recovery.
New week, same question: will buyers reclaim 4,140, or will sellers use this rebound to push gold lower again?
Long 
NIFTY — INTRADAY TRADING PLAN | 29 JUNE 2026📊
⏰ Timeframe : 15 Min | 🏛 Exchange : NSE | 📅 Date : 29-Jun-2026
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💬 "Successful trading is about managing your risk,
not chasing your returns."
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🗝 KEY LEVELS AT A GLANCE
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🔴 Last Intraday Resistance ➤ 24,365
🔴 Opening Resistance ➤ 24,217
🟡 No Trade Zone (NTZ) ➤ 23,988 – 24,099
📍 Reference Price (Pre-Market) ➤ 24,052.80
🟢 Opening Support ➤ 23,849
🟢 Last Intraday Support Zone ➤ 23,630 – 23,672
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📌 CHART CONTEXT — READ THIS BEFORE YOU TRADE
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Today's chart carries additional weight for one very
important reason — 29 June 2026 is the LAST TRADING
DAY OF THE MONTH (Monthly Expiry Week). Monthly
F&O expiry weeks are known for elevated volatility,
sharp reversals, and aggressive premium decay in
options. This makes discipline even more critical
than on a regular trading day.
Let's break each level down clearly before the market
opens — because understanding the zone is what
separates a reactive trade from an impulsive one.
─────────────────────────────────────────────────
🟡 NO TRADE ZONE (NTZ) — 23,988 to 24,099
Pre-market price of 24,052.80 sits right in the MIDDLE
of today's No Trade Zone. This is the single most
important observation of the entire plan.
The NTZ is not a zone of weakness — it is a zone of
maximum confusion. Both bulls and bears have positions
here, and the market needs to break clearly in one
direction before a reliable trade can be taken.
Inside the NTZ : widest spreads, most false moves,
highest chance of stop losses being triggered randomly.
Rule : No entry until a 15-min candle closes OUTSIDE
the NTZ boundary — either above 24,099 or below 23,988.
─────────────────────────────────────────────────
🔴 OPENING RESISTANCE — 24,217
The first meaningful ceiling above the NTZ. Previous
sessions saw sellers defend this level. Any approach
to 24,217 without strong volume and momentum behind
it will invite selling pressure and potential reversal.
A clean close above 24,217 is the bullish checkpoint
that opens the door to the Last Intraday Resistance.
─────────────────────────────────────────────────
🔴 LAST INTRADAY RESISTANCE — 24,365
The highest red line on today's chart and the session's
extended bullish target. This level only comes into
play if 24,217 is convincingly broken. If Nifty reaches
24,365, it signals exceptional buying momentum for the
day. Book generously here — do not hold above it without
a clear, sustained close and high volume confirmation.
─────────────────────────────────────────────────
🟢 OPENING SUPPORT — 23,849
The first floor below the NTZ. A mild gap down or
intraday dip would test this level first. Buyers are
expected to defend 23,849 with some conviction —
watch for reversal candle confirmation before entering
any long from here. A decisive break below 23,849
signals the session is tipping toward the bears.
─────────────────────────────────────────────────
🟢 LAST INTRADAY SUPPORT ZONE — 23,630 to 23,672
A clearly defined demand ZONE — the green band visible
at the bottom of the chart. This represents strong
historical buyer interest and is the last structural
support before the chart loses its short-term bullish
integrity. On a deeper gap down, this zone is the
primary bounce target. Extreme caution if this breaks.
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🟢 SCENARIO 1 — GAP UP OPENING (100+ POINTS)
📍 Expected Open : Above 24,152
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📖 WHAT THIS GAP UP MEANS IN TODAY'S CONTEXT
A 100+ point gap up would open Nifty above 24,152 —
which clears the NTZ entirely and places price between
the NTZ upper band (24,099) and the Opening Resistance
(24,217). This is a structurally significant open
because bulls have already cleared the first hurdle
before the bell even rings.
However — and this is critical on an expiry week —
gap ups often attract aggressive selling from option
writers and short sellers who use resistance levels
as premium-selling opportunities. The euphoria of a
gap up can reverse violently near resistance.
Here is how to navigate it level by level :
─────────────────────────────────────────────────
IF NIFTY OPENS BETWEEN 24,152 – 24,217
(Above NTZ, Below Opening Resistance)
⚠ NTZ is cleared but Opening Resistance is just above.
Do NOT rush into a buy — resistance is very close.
✅ BULLISH SETUP — Breakout Above 24,217
◉ Condition : 15-min candle CLOSES above 24,217 cleanly
◉ Confirm : Green body candle + expanding volume
◉ Entry : Above the breakout candle's high
◉ Target 1 : 24,280
◉ Target 2 : 24,365 ← Last Intraday Resistance
Book 60–70% of position at this level
◉ Stop Loss : 24,150 (below NTZ upper band)
◉ Options : Buy ATM CE | 24200 or 24250 strike
Bull Call Spread on high IV expiry day
✅ BEARISH SETUP — Rejection at 24,217
◉ Signal : Shooting star / bearish engulfing at
24,200–24,217 zone
◉ Entry : Below the rejection candle's low
◉ Target 1 : 24,099 (NTZ Upper Band)
◉ Target 2 : 24,052 (pre-market reference)
◉ Target 3 : 23,988 (NTZ Lower Band)
◉ Stop Loss : 24,250 (above resistance)
◉ Options : Buy ATM PE for a directional scalp
⚠ Expiry day = high theta — take profits
fast, do not hold PE into afternoon
─────────────────────────────────────────────────
IF NIFTY OPENS DIRECTLY AT OR ABOVE 24,217
(At Opening Resistance)
⚠ Market opens at resistance = extreme caution zone.
This is where most retail traders get caught buying.
✅ BULLISH — Only on Sustained Hold Above 24,217
◉ Condition : First candle holds above 24,217 and
second candle closes above 24,230
◉ Entry : Above 24,235
◉ Target : 24,300 → 24,365
◉ Stop Loss : 24,190
◉ Options : Avoid naked CE at open — IV will be
very inflated. Use Bull Call Spread only.
✅ FADE THE GAP — More Probable Setup Here
◉ Signal : Strong red candle below 24,217 on or
after the first 15-min candle
◉ Entry : Below rejection candle low
◉ Target 1 : 24,099 (NTZ upper band)
◉ Target 2 : 24,052 (reference level)
◉ Stop Loss : 24,260
◉ Options : Buy ATM PE | Quick in-and-out scalp
On expiry day, PE premiums erode fast —
book profits at T1 without hesitation.
─────────────────────────────────────────────────
💡 GAP UP TIP — EXPIRY WEEK SPECIAL
"On expiry week gap ups, option writers sell calls
aggressively near resistance. This creates artificial
ceilings that retail buyers run into headfirst.
The smart play : wait for resistance to BREAK and
HOLD before buying. Otherwise — fade the gap near
24,217 for a quick, clean scalp back to the NTZ."
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🟡 SCENARIO 2 — FLAT OPENING (Within ±50–100 Points)
📍 Expected Open : Between 23,952 – 24,152
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📖 THE FLAT OPEN — MOST STRUCTURED SETUP OF THE DAY
A flat opening today is the most educational scenario
because it places Nifty squarely inside the NTZ
(23,988–24,099) or right at its edges. With pre-market
at 24,052, a flat open means price is almost exactly
at the centre of the No Trade Zone.
This creates a perfectly symmetrical setup :
◉ The NTZ upper band (24,099) = ceiling
◉ The NTZ lower band (23,988) = floor
◉ The opening resistance (24,217) = next level above
◉ The opening support (23,849) = next level below
Think of it as a coin toss — but one where you don't
bet UNTIL the coin has already landed. That is the
NTZ philosophy. You do not predict which side wins.
You wait for confirmation, then follow with conviction.
─────────────────────────────────────────────────
⛔ INSIDE NTZ 23,988 – 24,099 → ABSOLUTELY NO TRADE
◉ Set price alerts at 24,099 (upper) and 23,988 (lower)
◉ Monitor the first 2–3 candles for volume clues
◉ Rising volume approaching 24,099 = bullish pressure
◉ Increasing sell volume near 23,988 = bearish pressure
◉ Do NOT react to price inside the NTZ — only outside it
◉ Expiry day whipsaws are most dangerous inside the NTZ
─────────────────────────────────────────────────
✅ BULLISH SETUP — Breakout Above 24,099 (NTZ Top)
◉ Condition : 15-min candle CLOSES above 24,099
◉ Confirm : Green candle body + higher than average
volume + candle closes near its high
◉ Entry : Above the breakout candle's high
◉ Target 1 : 24,150
◉ Target 2 : 24,217 ← Opening Resistance — book 50%
◉ Target 3 : 24,280 ← Only on strong momentum
◉ Extended : 24,365 ← Trail SL after T2 is hit
◉ Stop Loss : 24,060 (mid-point of NTZ)
◉ Options : Buy ATM CE | 24100 or 24150 strike CE
Bull Call Spread recommended for expiry
day to keep breakeven tight and risk low
─────────────────────────────────────────────────
✅ BEARISH SETUP — Breakdown Below 23,988 (NTZ Bottom)
◉ Condition : 15-min candle CLOSES below 23,988
◉ Confirm : Red candle body + volume expansion
◉ Entry : Below the breakdown candle's low
◉ Target 1 : 23,920
◉ Target 2 : 23,849 ← Opening Support — book 50%
◉ Target 3 : 23,720 ← On sustained selling pressure
◉ Extended : 23,630–23,672 ← Last Intraday Support
◉ Stop Loss : 24,030 (back inside NTZ)
◉ Options : Buy ATM PE | 24000 or 23950 strike PE
⚠ Expiry day PE theta bleeds fast below
key support — take profits quickly at T1
─────────────────────────────────────────────────
✅ OPENING SUPPORT BOUNCE — At 23,849
If Nifty dips to 23,849 during the session :
◉ Look for : Hammer / Morning Star / Bullish Engulfing
at 23,849 with clear volume spike
◉ Entry : Above the reversal confirmation candle high
◉ Target 1 : 23,988 (NTZ lower band reclaimed)
◉ Target 2 : 24,052 (reference level)
◉ Target 3 : 24,099 (NTZ upper band — exit remaining)
◉ Stop Loss : Below 23,815 (zone has structurally failed)
◉ Options : Buy ATM or ITM CE for higher delta on bounce
ITM gives faster premium response on recovery
─────────────────────────────────────────────────
💡 FLAT OPEN TIP — EXPIRY WEEK SPECIAL
"On expiry weeks, a flat open with price inside the NTZ
is a gift. It means the market hasn't made up its mind
yet — which means you have time to prepare, set alerts,
and wait for the confirmed move. The traders who lose
on expiry days are those who rush. The ones who win
are those who wait for the NTZ to resolve. Be the
latter. Always."
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🔴 SCENARIO 3 — GAP DOWN OPENING (100+ POINTS)
📍 Expected Open : Below 23,952
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📖 HOW TO THINK ABOUT A GAP DOWN ON EXPIRY WEEK
A 100+ point gap down would open Nifty at 23,952 or
lower — which is below the NTZ entirely and approaching
the Opening Support at 23,849. On a regular trading
day, this is manageable. On an expiry week session,
this is amplified significantly.
Why? Because option sellers panic-cover short puts,
creating sharp short-covering bounces from support.
And simultaneously, retail traders panic-sell long
calls that are suddenly far OTM. This two-way pressure
creates violent intraday swings in both directions.
Your weapon against this chaos : a pre-built plan
and the patience to wait for the right moment.
Do not react to the gap. React to the level it lands on.
─────────────────────────────────────────────────
IF NIFTY OPENS BETWEEN 23,852 – 23,988
(Below NTZ, Above Opening Support)
◉ Price opens in a defined range between two key levels.
◉ 23,849 is just below — a natural bounce candidate.
✅ BOUNCE / LONG SETUP (23,849 Holds as Support)
◉ Let the gap settle — watch the first 15-min candle.
◉ If price stabilises above 23,849 with a bullish candle :
◉ Entry : Above the first bullish 15-min candle high
◉ Target 1 : 23,988 (NTZ Lower Band)
◉ Target 2 : 24,052 (pre-market reference reclaimed)
◉ Target 3 : 24,099 (NTZ Upper Band — exit remaining)
◉ Stop Loss : Below 23,815 (strict — no exceptions)
◉ Options : Buy ATM CE | 23900 or 23950 strike
⚠ On expiry, buy ITM CE for better delta
✅ BREAKDOWN SETUP (Gap Down Extends Below 23,849)
◉ If first candle closes below 23,849 with volume :
◉ Entry : Below 23,840
◉ Target 1 : 23,750
◉ Target 2 : 23,672 (Last Intraday Support top)
◉ Target 3 : 23,630 (Last Intraday Support bottom)
◉ Stop Loss : 23,890 (back above broken support)
◉ Options : Buy ATM PE | 23900 or 23850 strike
Book quickly — theta burns all day on expiry
─────────────────────────────────────────────────
IF NIFTY OPENS DIRECTLY AT OPENING SUPPORT — 23,849
◉ Gap down lands precisely on the first support.
◉ High-probability institutional defence zone.
✅ BOUNCE / LONG SETUP (23,849 Holds)
◉ Golden Rule : DO NOT BUY the opening candle alone.
Two candle confirmation is essential here.
◉ Look for : Hammer / Doji / Engulfing + volume spike
at or just above 23,849
◉ Entry : Above the 2nd consecutive bullish candle
◉ Target 1 : 23,920
◉ Target 2 : 23,988 (NTZ lower band)
◉ Target 3 : 24,052 (reference level)
◉ Stop Loss : Below 23,815 (strict discipline)
◉ Options : Buy ATM CE | ITM preferred for speed
✅ BREAKDOWN SETUP (23,849 Fails)
◉ Signal : Red candle closes below 23,830 with volume
◉ Entry : On next candle open below 23,825
◉ Target 1 : 23,700
◉ Target 2 : 23,672 (Last Intraday Support upper)
◉ Target 3 : 23,630 (Last Intraday Support lower)
◉ Stop Loss : 23,870 (back above broken support)
◉ Options : Buy PE | 23900 or 23850 strike
◉ ⚠ Reduce position size to 40–50% on this setup.
Below 23,849 on expiry week = panic-driven moves.
Fast profits, small size, zero averaging.
─────────────────────────────────────────────────
IF NIFTY OPENS AT LAST INTRADAY SUPPORT — 23,630–23,672
◉ Extreme gap down — a rare but serious scenario.
◉ This is the final structural demand zone on the chart.
◉ Expect aggressive short covering and institutional
buying at this level — bounces can be sharp and fast.
◉ DO NOT SHORT at this level at the open.
◉ DO NOT BUY without 15–20 minutes of stabilisation.
◉ Watch for : 3–4 small-range candles forming a base
near 23,630–23,672 (consolidation base)
◉ Entry Long : Above the consolidation high
◉ Target : 23,750 → 23,849
◉ Stop Loss : Below 23,600 (strict structural failure)
◉ Options : Straddle near 23,650 ATM — for advanced
traders only due to extreme VIX spike ⚠
◉ Beginners : CASH IS KING. Sit out completely.
Protect your capital. Another day awaits.
─────────────────────────────────────────────────
💡 GAP DOWN TIP — EXPIRY WEEK SPECIAL
"The most dangerous thing a trader can do on an expiry
week gap down is PANIC. The second most dangerous is
AVERAGE. A gap down to 23,849 or 23,630–23,672 is not
a disaster — it's a delivery to a pre-identified zone.
Your plan already mapped these levels last night.
Now let the zone confirm. Then and only then — act."
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🛡 RISK MANAGEMENT — EXPIRY WEEK OPTIONS RULEBOOK
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Expiry week is where fortunes are made AND destroyed.
Options premium decay accelerates dramatically in the
final week — especially on the expiry day itself.
These rules are not suggestions. They are survival rules.
─────────────────────────────────────────────────
◉ THETA IS WORKING OVERTIME TODAY
On expiry day, time value evaporates every minute.
↳ ATM options can lose 30–50% of value even if Nifty
moves sideways for 2–3 hours. This is normal.
↳ Buy options only when you have a CLEAR directional
signal — not a "feeling" or a "hope."
↳ After 2:00 PM IST — avoid buying options unless
momentum is extremely strong and crystal clear.
◉ THE 1–2% CAPITAL RULE — NON-NEGOTIABLE
Risk no more than 1–2% of your total capital per trade.
↳ ₹1,00,000 account = max ₹1,000–₹2,000 at risk.
↳ Expiry day volatility punishes oversized positions
faster than any other day of the month.
◉ AVOID FAR OTM OPTIONS — ESPECIALLY ON EXPIRY DAY
Far OTM options on expiry day are lottery tickets —
not trading instruments.
↳ They can go from ₹20 to ₹0 in two 15-min candles.
↳ Stick to ATM or max one strike OTM for clean trades.
↳ The payoff may look tempting. The probability is not.
◉ NEVER TRADE THE OPENING 5 MINUTES — ESPECIALLY TODAY
9:15 – 9:20 AM IST on expiry day is pure chaos.
↳ Option premiums gap violently in both directions.
↳ Market makers widen spreads to maximum width.
↳ Opening moves reverse 60–70% of the time.
↳ Wait for the first full 15-min candle. Always.
◉ BOOK PARTIAL AT TARGET 1 — RELIGIOUSLY
Do not hold the entire position hoping for Target 2.
↳ Book 50–60% at Target 1 without exception.
↳ Move stop to breakeven on the remainder.
↳ On expiry day, the market can reverse in ONE candle.
↳ A partial profit booked is real money. Unrealised is not.
◉ SET A HARD DAILY LOSS LIMIT BEFORE 9:00 AM
↳ Recommended : 3% of total capital for the session.
↳ Hit that number → close everything → log off.
↳ No revenge trades. No "one more." Log. Off.
↳ Expiry day revenge trading is account destruction.
◉ NEVER AVERAGE DOWN ON A LOSING OPTIONS POSITION
↳ On expiry day, a losing option CAN go to zero.
↳ Averaging down = you are buying more of something
that is already telling you you are wrong.
↳ Cut the loss. Clear the head. Look for the next setup.
◉ USE SPREADS TO MANAGE PREMIUM COST TODAY
↳ Bull Call Spread / Bear Put Spread limits your risk
while keeping a meaningful reward profile.
↳ On high-IV expiry days, spreads have much better
risk-to-reward than naked long options.
↳ Lower breakeven = higher probability of profit.
◉ REDUCE POSITION SIZE ON ANY GAP DAY
↳ Gap days + expiry day = double volatility risk.
↳ Use 40–50% of your normal position size today.
↳ If the trade works — you still earn meaningfully.
↳ If not — smaller damage, capital fully intact.
◉ THE FINAL RULE — NO SETUP = ZERO TRADES
↳ If the NTZ never resolved and no signal formed :
there is no trade today. That IS the strategy.
↳ Not trading on a low-conviction expiry day =
the smartest financial decision you will make.
↳ Capital preservation today = MORE trades next week. 🙏
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📝 SUMMARY & CONCLUSION
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 MARKET CONTEXT — 29 JUNE 2026
Nifty 50 enters the session at a pre-market reference
of 24,052.80 — sitting almost exactly at the centre
of the No Trade Zone (23,988–24,099). This is the most
neutral structural position price could be in at the
open — and on an expiry week session, this neutrality
demands extra patience before committing to any trade.
The week's price action (visible on the 15-min chart)
shows a sharp recovery from lows near 23,600+ earlier
in the week. The chart projects two clear paths forward
from the NTZ — each with well-defined levels and setups.
─────────────────────────────────────────────────
📌 DIRECTIONAL BIAS FOR 29 JUNE 2026
◉ 🟢 BULLISH ABOVE 24,099 (NTZ Confirmed Breakout)
↳ Target 1 : 24,150
↳ Target 2 : 24,217 ← Opening Resistance — book 50%
↳ Target 3 : 24,365 ← Last Intraday Resistance
Trail SL aggressively above 24,217
◉ 🔴 BEARISH BELOW 23,988 (NTZ Confirmed Breakdown)
↳ Target 1 : 23,849 ← Opening Support — book 50%
↳ Target 2 : 23,720
↳ Target 3 : 23,630–23,672 ← Last Intraday Support
◉ ⛔ INSIDE 23,988 – 24,099
↳ No Trade | No Guessing | Observe Only | Set Alerts
─────────────────────────────────────────────────
🎯 LEVELS CHEAT SHEET — SAVE THIS
🔴 Resistance : 24,099 | 24,217 | 24,365
🟡 NTZ : 23,988 – 24,099
🟢 Support : 23,849 | 23,672 | 23,630
─────────────────────────────────────────────────
🧭 PRE-MARKET CHECKLIST — WATCH AT OPEN
◉ Which side does the first 15-min candle close on?
◉ Is volume expanding on the directional move?
◉ Gift Nifty / SGX Nifty direction confirmed?
◉ VIX : Rising = more volatility / caution
Falling = calmer expiry session likely
◉ FII / DII data from previous session direction?
◉ Any macro events — RBI, global central banks, news?
◉ Monthly expiry = expect higher than normal volatility
in the last 1–2 hours of the session (2–3:30 PM IST)
─────────────────────────────────────────────────
⚡ FINAL THOUGHT
Today is an expiry week session — which means the rules
of discipline apply more strictly than on any other day.
The chart has done its job. Every level is identified.
Every scenario has a plan. Both directions are mapped
with entries, targets, and stops.
Your only job now is the one that separates consistent
traders from the rest : absolute patience until the
right moment arrives, followed by fearless execution
within your pre-defined risk parameters.
Markets do not reward those who trade the most.
They reward those who trade the BEST setups —
at the RIGHT levels, with the RIGHT size, at the
RIGHT time. Today, be that trader.
🧠 "In trading, knowing when NOT to trade
is as valuable as knowing when to trade."
Stay sharp. Stay disciplined. Protect the capital. 🎯
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⚠ DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This post is published solely for EDUCATIONAL &
INFORMATIONAL purposes only. All key levels, trade
setups, and scenarios discussed are derived exclusively
from technical chart analysis and personal price action
study. They are NOT guaranteed to play out as described.
Trading in Equity Markets, Futures & Options (F&O),
and all other market-linked instruments carries a
substantial risk of financial loss and may not be
suitable for all categories of investors. Past behaviour
of any price level or setup does not guarantee or imply
future results under any circumstances.
📢 I am NOT a SEBI Registered Research Analyst.
This content does NOT constitute :
◉ Financial or investment advice of any kind
◉ A buy / sell / hold recommendation or solicitation
◉ An investment product, scheme or advisory service
Please consult a SEBI-Registered Investment Advisor or
Research Analyst before making any trading or investment
decisions. All trades are taken entirely at your own risk
and responsibility. Your financial decisions are yours alone.
Trade safe. Stay disciplined. Protect your capital. 🙏
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Long
Long
XAUUSD — Medium-Term Bearish Shift Below EMA Structure
Fundamental Analysis
Gold remains under pressure as the market continues to watch USD momentum, Treasury yields, and upcoming U.S. macro data.
For now, the medium-term structure is weakening. As long as gold trades below the main EMA area, recovery attempts should be treated as technical pullbacks rather than a full bullish reversal.
Technical Analysis
On the daily chart, XAUUSD is showing a clear medium-term bearish shift. After failing to hold the higher structure near the previous swing high, price started to move lower and is now trading below the EMA 34, EMA 89, and EMA 200 area.
The EMA structure is beginning to converge and turn downward. This is important because it suggests that the previous bullish momentum is losing control, while sellers are gradually taking over the medium-term direction.
Price is currently around 4,088 after reacting from the strong liquidity zone near 4,000. However, the bounce remains below the EMA resistance area, so the main plan is still to wait for a recovery into the value zone before looking for sell confirmation.
The key sell swing zone is around 4,307 - 4,352. This area aligns with the Fibonacci retracement zone, EMA resistance, broken trendline pressure, and previous market structure. If gold reaches this zone and rejects, the bearish continuation scenario becomes stronger.
The medium-term downside target remains the Fibonacci extension and liquidity zone around 3,481 - 3,462.
Important Key Levels
Current price area: 4,088
Strong liquidity zone: 3,980 - 4,000
Main sell swing zone: 4,307 - 4,352
EMA resistance area: 4,307 - 4,497
Key bearish invalidation: above 4,497
First downside target: 3,980 - 4,000
Medium-term target: 3,481 - 3,462
Trading Scenario
Main Sell Scenario
Entry: 4,307 - 4,352
Stop Loss: 4,497
Take Profit 1: 4,000
Take Profit 2: 3,800
Take Profit 3: 3,481 - 3,462
Sell Condition
The preferred setup is to wait for gold to recover into the 4,307 - 4,352 sell swing zone. This area is important because it combines EMA resistance, Fibonacci retracement, and the broken structure from the previous bearish move.
A sell setup becomes more valid if price forms bearish rejection from this zone, such as a long upper wick, bearish engulfing candle, failed breakout, or lower high below the EMA structure.
If price rejects from the sell zone and breaks back below 4,000, the medium-term bearish view becomes stronger. The next major downside focus would be the Fibonacci extension target around 3,481 - 3,462.
Entry Conditions
Wait for price to recover into 4,307 - 4,352.
Look for bearish rejection before entering sell.
Do not sell aggressively at the low without a pullback.
A break below 4,000 confirms stronger bearish pressure.
If price breaks and holds above 4,497, the sell setup is invalid.
Overall, the main view remains bearish while XAUUSD trades below the converging EMA structure. The preferred plan is to wait for a pullback into the EMA and Fibonacci value zone, then look for sell confirmation toward 4,000 and the medium-term target around 3,481 - 3,462.
Do you share the same medium-term bearish view on gold, or are you waiting for a cleaner rejection from the EMA value zone first?
Short 
Reliance Industries Swing Trading Analysis📊 Trend
Short-term: Bearish to Neutral
Medium-term: Consolidation after a correction
Momentum remains weak as the stock is trading below key moving averages, though oversold readings suggest the possibility of a technical bounce.
🟢 Support Levels
S1: ₹1,295–1,305 ⭐ (Immediate support)
S2: ₹1,270–1,280 ⭐⭐ (Strong demand zone)
S3: ₹1,240–1,250 ⭐⭐⭐ (Major swing support)
🔴 Resistance Levels
R1: ₹1,330–1,340
R2: ₹1,365–1,380
R3: ₹1,425–1,450 (Major breakout zone)
✅ Bullish Setup
Buy above: ₹1,340 (daily close with strong volume)
Targets:
🎯 Target 1: ₹1,375
🎯 Target 2: ₹1,425
🎯 Target 3: ₹1,480
Stop Loss: ₹1,295
🔻 Bearish Setup
Below ₹1,295: Selling pressure may increase.
Downside Targets:
₹1,275
₹1,250
₹1,220
📈 Trading Strategy
Aggressive Buy: Near ₹1,275–1,285 only if a bullish reversal candle forms.
Momentum Buy: Above ₹1,340 after a confirmed breakout.
Avoid fresh longs: If the stock closes below ₹1,295.
Overall View
Reliance is attempting to stabilize after a prolonged correction. The long-term growth story around Jio, AI, and new energy remains intact, but technically the chart needs a decisive breakout above ₹1,340 to signal a stronger bullish reversal. Until then, expect range-bound trading between ₹1,275 and ₹1,340. XAUUSD: ABC Wave Nears Fibonacci End ZoneGold is recovering from the recent lower base after completing a strong bearish sequence, and price is now developing an Elliott ABC structure. From Kelly’s view, the rebound is technically valid, but the market is approaching the zone where the ABC wave may complete around Fibonacci resistance.
The key idea is simple: gold can still push higher in the short term, but the strongest reaction may appear near the Fibonacci convergence area.
⟡ Market structure
The chart shows gold reacted from the lower accumulation area near 3,960–3,980, then started building a corrective recovery structure. Price is currently holding around the 4,011 buy zone and trying to continue higher from this base.
The nearest resistance sits around 4,044, while the more important reaction zone is the 4,069 area. If buyers can continue defending the buy zone, gold may extend towards the end of the ABC wave near 4,120.
However, this is still a corrective recovery inside a broader bearish environment, so each resistance zone should be treated carefully.
➤ Key levels
◌ 4,011: buy zone and short-term support
◌ 4,044: first reaction resistance
◌ 4,069: psychological resistance and sell scalping zone
◌ 4,120: Fibonacci confluence and possible end of ABC wave
◌ 3,980: lower reaction support
◌ Below 3,960: area where the ABC recovery setup weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be forming an ABC corrective rebound after the previous bearish wave 5 ended near the lower zone.
Wave A pushed price away from the low and showed the first sign of seller exhaustion.
Wave B corrected back into the buy zone and held above the recent base.
Wave C may now be forming, with the upside path pointing towards 4,069 first and 4,120 as the stronger Fibonacci completion zone.
If wave C reaches the 4,069–4,120 resistance area and starts showing rejection, the ABC recovery may be close to completion.
▸ Trading scenario
Preferred scenario: wait for price to hold above the 4,011 buy zone and continue the ABC recovery.
Entry zone: 4,011–4,027 if bullish confirmation appears
Stop loss: below the confirmed reaction low or below 3,980
Take profit 1: 4,044
Take profit 2: 4,069
Take profit 3: 4,120
Alternative scenario: if gold fails to hold above 4,011 and breaks below 3,980, the ABC structure weakens. In that case, price may retest the lower accumulation zone before forming a new base.
⌁ Kelly’s view
For Kelly, this is a short-term ABC recovery structure, not a confirmed long-term bullish reversal. The buy zone is still holding, but the main focus is how price reacts around Fibonacci resistance.
If gold reaches 4,069–4,120 and sellers appear again, the ABC wave may be close to completion.
Gold is recovering from the lower base.
But structurally, the ABC wave may finish near the Fibonacci convergence zone.
Share your view below. Long 
#LALPATHLABCurrent Overview
Current Price: 1,689.20 INR
Daily Performance: Up by 33.20 points (+2.00%)
Trend: Short-term bullish recovery
Key Chart Observations
Sharp Drop / Gap Down: Around early May, the stock experienced a significant, sudden drop in price, bringing it down sharply from the 1,600+ levels to near the 1,400 levels.
Bullish Recovery: Following the May drop, the stock has entered a strong recovery phase. The candlesticks show a steady uptrend characterized by a series of higher highs and higher lows, indicating sustained buying pressure.
Support Level (Pink Line): The horizontal pink line drawn at 1,497.65 appears to be a key structural level. The price briefly consolidated near this area before aggressively pushing higher, suggesting it acts as a strong support zone.
