BANKNIFTY
Bank NiftyDISCLAIMER : EDUCATION PURPOSE ONLY.
Range for short term.
Currently@trend line support.
Chances of high volatility this week(Fed, Re movement, Trade news, Expiry).
No positions - Better to watch till market stabilizes r MIN risk.
With Positions - probable support and resistance levels mentioned in chart.
BANK NIFTY SETUP, STOP LOSS ,LEVELS & option strategy ! looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high.
yes bank may consolidATE as like axis bank .
Indusind will approAch new LTH .
and sooner or later hdfc will come into picture to keep the show GO ON !
Bank Nifty IntradayWe can expect the market to go any side from here.
So let us be cautious with a strict stop loss.
Buy Bank Nifty Futures 30 AUG 18 when the 15 min candle closes above 27900
Sell Bank Nifty Futures 30 AUG 18 when the 15 min candle closes below 27760
Keep Stop loss and trail stop loss profit booking as per your calculations!
the HEAT in TYRE stocks may COOL down for a while !!Bfore 16/04.I AM bearish on the overall tyre sector upto MONDAY 16/04 ...& certain levels AS it has given a good run already and should take a pause , correct a bit , retest levels , and then can climb high ! OVERALL THE RAW MATERIALS REQUIRED , SHOULD BE KEPT CLOSE EYES ON !!
STOCKS TO AVOID < 3 > (conditional ..levels of 75) better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !