Will Nifty touch 22850 this week ??Overall Nifty has given a strong pullback from the lows of 21800. it has been moving up through gap ups which are not getting sustained at all. Only good part is tht i has negate the head and shoulder pattern in making in the last week.
Need a close above 22525 which will open doors for 22850 within this week itself.
if Nifty closes below 22330 level then its opening doors for 21800 again.
Bullish Patterns
BANK NIFTY MARCH MONTH EXPIRY ANALYSISBankNifty Important Levels for March Month Expiry:
=> Naked Buyer Strategy:
CALL Side:
Buy Above: 47040.
Put Stop Loss: 46950.
Targets: 47130, 47203, 47288, 47368 and 47423.
PUT Side:
Sell below: 46800.
Stop Loss: 46880.
Targets : 46720 ,46650, 46570 and 46474.
=> Hedging Strategy:
UP SIDE:
Sell 47300/47400 PUT (Premium price 500-570) & Hedge with 46400 PUT (Premium price 100).
DOWB SIDE:
Sell 46400/46300 CALL (Premium price 550-630) & Hedge with 46430 PUT (Premium price 130).
=> Sell Strangle Strategy:
Sell 46400 CALL and Parallelly Sell 47400 Put.
Note: Do Trading after the Level break and use Strict Stoploss.
Nifty Prediction and Bank Nifty Analysis for Friday 19 January 2🔴Disclaimer: This information is solely for Education Purposes only and to provide information and is not intended to give any advice. Please consult your financial advisors before making any decisions. Stock Market investments are subjected to market risks.
⏺In this video, we'll give you a nifty prediction and Bank Nifty analysis for Friday, 19 January 2024.
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Chamanlal Setia Exports Ltd (CLSEL)Chamanlal Setia Exports Ltd (CLSEL)
Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great.
Stock is in the uptrend.
Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a sign of bounce back.
Target 1: 135
Target 2: 140
SL for a low-risk trader:- Just below the hammer candle i.e 124
SL for a risky trader:- Below the trend line i.e near 119
Disclaimer:- This is not any buy or sell recommendation, it is just for educational purpose. Take any call for buy or sell call only after consulting with your financial expert. Let's learn together and keep growing.
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