Dailychart
tata global , near the first support of 369 !!!Looks weak for currently- closing basis must be above 370 then only a good option to long other wise , bearish for the short term.
support zone , 369-68
INDUSIND BANK LIMITED EDUCATIONAl IDEADaily chart making Lower Highs, expecting more downward momentum for September series.
Trade Plan :-
- Only consider shorting/buying put options if close below 1400.
- If above condition satisfied, Buy 1350 put option for September expiry (CMP 45). Target - 57 / 66 / 70.
- Keep SL if daily close of spot above 1450.
- View negated if price closed above 1450 before entering.
Enter and exit only based on above conditions.
P.S :- This is published only in interest of educational purpose.
SUNTV SUPPORT AND RESISTANCESunTV is trading at a very important level of 440 and any breakout downside could easily lead to levels of 400 and further to 384, Upper Band Resistance is placed at 460 above which bulls will gain some strength and can take it to higher levels, but current market trend shows the trend as down. Trade safely and consult your financial advisor before trading.
Reliance Industries: Triangle consolidation broken!Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken.
However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!