Bajfinance break a good support zone. If it breaks previous day low then Baffinance may fall till 5400 Positional Trade :-BAJFINANCE sell below 5845 to 5835 Target 5800, 5760,5700,5600,5540,5400 After selling, you cannot keep a stock overnight. so, one can take this trade in option. e.g. Buy 1 lot 5700 PE feb expiry - ₹ 117.65 Sell 1 lot 5500PE - ₹...
The price gives the breakdown of the parallel channel and of support1. Futures Trade Short: 118.10 Stoploss: 122.65 Target: 111.30 Options Trade Bear Spread +1x 29SEP2022 120PE -1x 29SEP2022 115PE Max. Profit: +12,375 Max. Loss: -10,125 Max. RR Ratio - 1:1.22 Breakevens : 0-117.5
Market has been overbought for a while now and greed is high Head and shoulders pattern formation on 4H and 1D charts can been seen Enter after a 4H candle close below 1358 I would prefer selling OTM call options Targets: 1300 | 1245 Stoploss: 1412 Call option sellers can hold till expiry
NIFTY | Expecting the gap to be sealed @ 11076, NASDAQ was gap up too 2 days ago + RSI bearish divergence in 30 min's time frame. CMP : 11228 Falling which hopefully can get some dips in good stocks. Instead of buying PUT can consider selling 11300 CE in Oct 8th expiry.