TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
Probable trajectory of Dollar Index. Levels and trading reversals marked... Happy Economy tracking...
Dollar Broke out above 97$ and headed for 100-101$. #Trading #StockMarket #Stock #TradingSetup #TradingStrategy #TradeAnalysis #Charts #F&O #FuturesAndOptions #Options Trading #SupportAndResistance
Purely based on the charts, the bear market for DXY maybe limited down till 88. Any substantial weekly close below 88 voids this view.
Possibilities of a continued upmove emerges from the higher time frame charts. Once the key resistance zones around 97.95 was overcome the we observe that the strong breakout above the key resistance zone around 97.81 has generated some positive momentum in the currency basket. With the bullish trends getting restored we need to see how long can the momentum...
HEW YEAR TRADE NIITECH STOCK HAS FORMED A STRONG DEMAND AND SUPPORT ZONE NEAR 1100-1105 AS PER MY VIEW A SLIGHT GAIN IN DOLLAR IS EXPECTED IN JAN WHICH WILL LEAD TO INCREASE IN NIITTECH HAS BROKEN 1140 AGAIN ON WEEKLY CHART JAN FUT BUY@1155 STOP@1105 TARGET 1@1205 TARGET 2@1250 LOT:750 QTY:1
BTST IN HCL TECH SEPT FUTURES BUY@1102 STOP@1095 TARGET@1115 LOT:700 QTY:1
STBT IN CANBK SEPTEMBER FUTURES SHORT@290.25 STOP@293.75 TARGET@277 LOT:2000 QTY:2
BTST IN INFY SEPTEMBER FUTURES DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT PULLBACK PLAYED-OUT NEW HIGH TAKEN-OUT A CLASSIC UPTREND CHART BUY@1440 STOP@1429.5 TARGET@1455 LOT:600 QTY:2
SWING TRADE IN LUPIN SEPTEMBER FUTURES BUY@890 STOP@877 TARGET@916 LOT:700 QTY:1
WE ALREADY HAVE A POSITIONAL CALL IN SUNPHARMA BUT ONE CAN STILL PICK THE MOMENTUM BASED TRADE IN SUNPHARAM BUY @630 STOP@620 TARGET@642.5 LOT:1100 QTY:1
STBT IN CANARA BANK AUGUSUT FUTURES SHORT@274.5 STOP@277.5 TARGET@266.5 LOT:2000 QTY:1
BTST IN INFY AUGUST FUTURES BUY@1410 STOP@1400 TARGET@1430 LOT:600 QTY:2