Long Nifty & BankNifty index.
Nifty moving in parallel channel, closer to its support lvl of 10800 & BN is also close to its support lvl of 21000 !!
Watchout for a one way rally in October Series after a correction in both Nifty & Banknifty index.
Look for Auto, Metal & Banknifty index to rally in October Series.
Please use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : below 147
Target : Trailing Stop loss
Stop loss : above 147
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Have a nice day
#Coromandel @ 645 | 29-May-2020
- Accumulation can be initiated in the Green Zone for a mid term holding period
- Positional stoploss @ 622
#Nifty #Nifty50 #NSEUPDATE #BSE #Sensex #NiftyBank #Fertilizer #Auto #FMCG
fundamentals are no where good for this industry
I personally wont buy anthing just because its a deep iscount
wait for business to overcome
and do required shift for its growth
wait and watch as an investor
as a trader sell on rise
Bajaj Finance is in a very crucial stage. Most likely tomorrow it shall open gap down, and there are two cases for this.
1st Case - The Both red lines marked will act very crucial for BAJFIN. Any close above or below may set a new trend
2nd Case - Common Gaps are filled quickly so dont keep any short positions for a long time, rather buy at low levels for a long...
earlier the RSI levels re working as support, but now it started working as resistance.
It may go upto 2890-2900( FIBO-63.8 levels), there it will again face resistance.
as per PA, it has formed Inside bar, so currently it is in wait and watch position.
Buy above 2840 for 2900
Banknifty signal given by our RAT had given 800-850 points till now in short.
Catch the right trend with the RAT & place the order directly to broker
Today on expiry BankNifty options trading through the signal given huge.
RAT- Realtime Algo Trading.