CURRENT STRUCTURE:ABC ZIGZAG OR NEW IMPULSE
CURRENT LEG:WAVE 3 OR WAVE C
ACTION:GET LONG @ CMP 790,SL:770,TGT:875-898.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an...
DLF
Observations
- the stock is currently trading in downward yellow channel
- 20 day EMA at 255
- 50 day EMA around 267
-38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270
Given the important levels
One may consider a Bear call Spread strategy in DLF
It involves selling Call option and buying higher OTM Call option
Sell DLF 27 May...
I am going by two Views for tomorrow(07-May-2021)
View 1: If Bank Nifty opens above 33180, we can anticipate a bull intraday market with resistance at 33890 and next resistance at 34225.
View 2: If Nifty opens below 33850, we can anticipate a bear intraday market with a support zone at 32200 - 32400.
But Chances are that Bank Nifty may open +ve...
On 30th April Nifty50 took 0.50 fibo support.
Make or break situation now.
If 0.61 i.e. 14490- 14510 is a major support on 1hr timeframe.
This only for study purpose. Do your own analysis before any action in market.
![BANKNIFTY1!: [07 MAY 2021] BANK NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION](https://s3.tradingview.com/q/qbiXD4z6_mid.png "[07 MAY 2021] BANK NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION")
![BANKNIFTY1!: [06 MAY 2021] BANK NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION](https://s3.tradingview.com/t/tnIPtaRa_mid.png "[06 MAY 2021] BANK NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION")