Positional in yesbank march (fut)positional in yesbank
march fut
Two-inside bar break-out was seen on friday
buy@222.5
stop@217.90
tgt@232
qty:1750
lot:1
Daily Charts
BankNIfty trading is Consolidation pattern (Wedge), NSE:BANKNIFTY
'A Slience before the Tsunami'
The current move explained through video Analysis. This slow upward movement is an indication of something bigger should be expected from the market.
Quote:
“If you spend your whole life waiting for the storm, you’ll never enjoy the sunshine.”
— Morris L. West
BUTTERFLY LONG SETUPGood long setup can be seen from the chart. Support is 175 on Closing basis. May test 193-205.
RelianceRIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250.
Short RIL below 1310
Target 1: 1280
Target 2: 1250
Stoploss: 1325
R/R: 1:4
Regards
INFOSYS Bullish Trend is underwayDouble Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP.
But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend.
Buy is suggested post correction.
nifty50 is really looks 50-50economic condition and next quarter results are not looking great.
its good level to short at 8230-8370.
SL 8300
Target 7900
SUNPHARMA LOOKS BULLISH ON DAILY CHARTSImpulse moves during downtrend completed on daily charts. Now ready for counter-trend corrective move.
Target 1: 670
Target 2: 725
Stoploss: 601
