HDFC BANK is forming negative weekly divergence.. lets see if it can form a new high from here..
Sideways View on Bank Nifty Sell 30800 put and sell 31500 call Tgram at swapnilcofficial
Still Highest OI in 11900 Put. Nifty will be sideways and may be volatile. Will prefer to trade in option writing instead to take a vanilla trade. Tgram at swapnilcofficial
buy @318 or above 320 sl 314 target 331,340,345
Au bank : Bullish bias in coming weeks
IF BREAKS TODAY IT WILL TOUCH LOWER LINE AROUND 41
Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...
I can see upside but wait and watch