Midweek Watch 9/01 - $XPEVMY LEVEL: 40.10
WHY: 200d, 20d, 2x Prior Day Lows. Great range (ATR $2.25). Will be a tight trade but can present great reward
21
Midweek Watch 8/25 - $PTONMY 1st LEVEL: 112.50
WHY: Annual pivot and prior low. It closed close to highs days in a row and you see what it did.
MY 2nd LEVEL: 114.16
WHY: 20d. Which is a 50-60% retrace from today's move. This level may be a starting point for me.
Midweek Watch 8/25 - $DDDMY LEVEL: 29.00
WHY: 20d and previous day low. I'm looking for a clear away (breakout) above 30.70.
Midweek Watch 8/25 - $URBNMY LEVEL: 35.80
WHY: Right off Quarterly Pivot and support area. Same as $JWN if it holds 8/25's lows I might trade off that level.
Midweek Watch 8/25 - $JWNMY LEVEL: 30.00
WHY: Numbers (guidance, top and bottom line, coverage, etc) look good. This feels similar to #STX earlier this week. Should find support off the whole number. If not 30.84.
Midweek Watch 8/25 - $XMY LEVEL: 27.00 - 27.20
WHY: It's hugging the 20d. I don't like that it closed on lows. I take notice that. When it closes on lows I look for weakness the next day. I'm going to watch the action to see if it holds the 27.20 area. If I'm risking a dime or a quarter on a name like US Steel it could be a really great risk reward type play. $1.40 ATR so decent range.
Midweek Watch 8/25 - $BBBYOff the previous low (27.87) and Annual Pivot. I wanted to see it make a higher low and need to see if it will clear the previous highs.
SHORT-TERM TRADE IN BANKNIFTY F&0SHORT-TERM TRADE IN BANKNIFTY
VIEW:-
INDEX IS HOLDING ITS 21-BAR EMA ON HOURLY CHART
THIS SHOWS STRENGTH IN UP-TREND
TRADE IN BANKNIFTY 28TH FUTURE CONTRACT
LEVELS ARE ACCORDING TO SPOTS PLEASE ADJUST FOR FUTURES
BUY @30300
STOP @30200
TARGET 1@30450
TARGET 2@30550
TRADE IN OPTIONS
30500 14TH NOV CONTRACT CALL OPTION
BUY @330
STOP @260
TARGET 1@500
TARGET 2@600
LOT:20
QTY:15
