SBI indicating positive opening for Monday.. if it's a gap up above 267.5 and moves up strong above 268 it can test Friday high levels again.
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As per daily chart in ICICI BANK Bears phase cycle is on swing with the negative impact of both Fundamentally on sector wise and as well as Technically. But as Fight Continue from Swing high of 307 Bears Attacked on Bulls with Three Consecutive Drag down Round upto 295 levels and Bears have More Power to Beat Bulls to the level 276.50 and more below 262 Levels...
Short built up
Net Change: -8.79%
OI Change %: 21.9%
CALL @ 900 (Resistance Zone)
PUT @ 800 and 740 (Support Zone)
SHORT NEW SUPPLY in 1 Hr. Time frame
ENTRY : 845
Target 1 : 805
Target 2: 745
Buy Havells NSE Havells Future Based on coming off Structural Support and upward channel.
Im expecting this to hit the TGT2 Placed at 534.75 before the end of this FNO expiry.
This is just A STUDY / PERSONAL VIEW of the scrip and do not use this information as trading advice.
All plotted & mentioned on chart.
BANKNIFTY' FUT: Trade Set UP for Trade Date 28th Aug 2017.
Possible LONG above @ 24375
TGT: @ 24403, @ 24448 - @ 24481 (HZ), @ 24519, @ 24566+
Possible SHORT Below @ 24284
TGT: @ 24256, @ 24212 - @ 24179 (BZ), @ 24140, @ 24094-
Some ITM' / ATM / OTM Call Option premiums compare to FUT...
The stock recently moved above 200 day moving average after long period.
This move comes with good volumes and strong candlestick pattern.
Also the stock has broken its counter trend-line.
If the stock sustains above the 200 day simple moving average, then 10 % move is possible.
Keep the stop below the low of recent candle.
Risk to reward of 2.4.NSE:KPIT