Several indicator suggested that Axis momentum will be slowed down and trade in range of 720 -760 Range for expiry 28/03/2019.. You can short once it is below 753 for target up to 724/ stop loss at 756..Alternatively you can sell 720 pe as well as 800ce..MACD show slowed down diversion compared with price uptrend...Brokerage houses give calls for 800/ as positional Buy..This observation is only for Futures and options pricing for this expiry only..This analysis only for education and do paper trading
Comment:
closed TSL hit
Comment:
Doji formation on 29/03/2019...will indicate the opening on Monday 01/04/2019..However the pin is above 5SMA so it is Buy signal.. also the wick is not much long .. So Buy above 782.5 sell below 767..valid only for intraday..Long time view is Bullish