SELL : M&M25NOV25FUT( M&M ) [48887]

RA Name: Manjushri sharma

🧑‍💼 Provided by: “Equity Guru MS” , SEBI: “INH000019497”
📌 Subscription Plan: “All-in-One Elite Premium Cash Call”

📊 Trade Rationale: M&M25NOV25FUT (M&M) [48887]

Type: BTST / STBT (Short-Term Positional Sell)
Date: 27 Oct 2025

🧠 Technical Overview

• Trend Structure: M&M has been showing distribution signs near ₹3640–₹3650 levels after a sustained upmove — indicating short-term weakness.

• Price Action: The price has rejected higher levels multiple times, forming long upper wicks, suggesting profit booking by institutional traders.

• Candle Pattern: Formation of a bearish engulfing candle on the hourly and 4-hour charts — confirms reversal momentum.

• Volume Confirmation: Increasing volume on red candles vs. green candles — indicates selling pressure dominance.

• Momentum Indicator: RSI slipping below 45, reflecting short-term bearish bias and potential for further downside.

🎯 Trade Plan

🔍 Rationale Summary

• Breakdown confirmation below ₹3620 with rising short positions in the futures data.

• Repeated rejection near ₹3650 zone makes it a strong resistance area.

• Weakness seen in Auto index — adding sectoral confirmation for short bias.

• 20 EMA breakdown on hourly chart supports short continuation setup.

⚠️ Risk Management

• Maintain stop-loss strictly above ₹3646.

• Cover partial profits near ₹3586 if markets turn volatile.

• Avoid carry if Nifty shows strong bullish reversal overnight.

Disclaimer: Disclaimer: https://www.equitygurums.com/disclaimer.html