Bank Nifty Technical Analysis: Bank Nifty broke the lower trend line of an almost 20-day long rising wedge pattern. The bears were clearly in control of the market, bringing the index down by 1.38%. 22000, which is the 50% Fibonacci Retracement level, acted as a strong support. Bank Nifty Driving Factors: Yes Bank FPO failed to excite market...
ITC in a breakout positon Earning is on 25th may 1. 7%+ rally before earning season 2. divergence on money flow 3. resistance on 190-193 level (Technical analysis) 4. Resisitance as per option chain data is at 200. Option chain data Resistance strike 200 call - 33.5 lakh OI Support at strike 180 put - 14.8 lakh oI Bear looks more powerfull here. Trade plan...
SELL LIMIT XAUUSD 1696 -1698 TP1 - 1690 TP2 - 1680
Currently stock is trading @163.9, now its looking good for long for target of 10 points @ 174 and with a little stop loss @160. (SWING TRADE) Profit- 10 points stop loss- 4 points. GOOD FOR LONG. (ALL RESEARCH IS MY OWN.)
option trader buy 31000,31500 CE to earn profit by BANKNIFTY
As of writing this, NFLX is down 14% at 343 dollars a share on disappointing revenue and subscriber growth, and weak subscriber growth estimates into Q3. This decline in price puts our 400 dollar put position 57 dollars in the money which will more than offset the loss on the call position. Further more the options bought expired 7/20 since we planned on selling...