Price approaching the previous top. It may pose as a resistance.
Hourly chart. Price moved from support zone boosted by Positive Divergence and easing out of trade war between China and USA. On weekly Hammer candle was an probable indication. Price above 50 DMA reached 200 DMA once more-- this being the fourth time in recent times. Like yesterday's candle, today's candle has been a big bullish candle. OI Table: 10000 Put OI...
mentioned in the chart and can discuss on twitter
Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true...
Nifty possibly is forming a negative divergence on the daily charts.. RSI made lower high..and nifty is still below 200 dma Possibly nighty is rebounding to 61.8% of the fall of 10940 odds to 10340 which is 370 points.10340+371 = 10711 odds as long nifty is below 200 dma upmove will be negated disclaimer: shorted nifty dec futures at 10693 Note: Analysis is...
may hit 10627. but it should not trade belwo 10447 , if it goes below negative turn
Trend has taken 50 MA Support. Mostly tomorrow is good for long BANKNIFTY
Did short strangle strategy on Bank Nifty :- Current price was 261 1) Shorted 2 lot 25000 PE at 32.05 2) Shorted 2 lot 27400 CE at 16.15 total points gained = 48.2 Total profit = 48.2*40= 1928 We will get whole the money if it expires between 25000 -27400 Upper BEP = 25000 - 48.2 = 24952 Lower BEP = 27400 + 48.2 = 27448 unofficed.com
today it may hold 10318 level nor nifty will breakdown
Weekly chart-- a Hammer has been formed which may indicate reversal. On the daily chart today a big bullish candle has been formed. Defeat of BJP has been ignored by the marketmen, it seems. Nifty has halted at 50 DMA. If tomorrow price moves above 50 DMA, Nifty will face resistance at 200 DMA.