Banknifty LONG 26th OCT,2020Banknifty looking bullish to me, making ascending triangular pattern. Tomorrow's opening matters for further confirmation.
Resistance 24765, 25000
Support 24100
Futurestrading
NIFTY - THIS WEEK'S ANALYSIS & TRADE PLAN FOR TOMORROWNSE:NIFTY
Let me know if you find this useful and if I should continue posting such ideas on daily basis for intraday/swing levels of stocks & indices?
Take a look at the chart properly for detailed analysis,
also please note that this idea is purely for educational purpose only, kindly do your own research before investing and trading or consult your financial advisor.
dowjonesHello traders, here is the analysis from our team :
our team likes 25735 buy like to start.
: always break, pullback above. rebreak of low, then high.
Let us know in the comment section below if you have any questions.😉
Science Backed by Data[Bandhan Bank]: Target 326BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 342-345 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation. This looks good setup for short term futures trade.
Pls support with likes on the idea.
2020-01-21: BIOCON: SELL ONLY AT 299Please consult your financial advisor before taking a position in this.
SELL BIOCON at 299 with Stop-loss of 305 and Target of 286
!!POSITIONAL LONG IN ITC!!POSITIONAL LONG IN ITC
VIEW
-STRONG REVERSAL FROM MAJOR SUPPORT LEVEL
-RSI REVERSAL FROM OVERBROUGHT ZONE
-POSITIVE MOMENTUM IN STOCK
TRADE VIEW
DEC FUT
BUY@242
STOP@236
TARGET 1@248
TARGET 2@253
LOT:2400
PAIR TRADE !!HPCL-VS-IOC!!HINDPETRO-VS-IOC PAIR TRADE
EXECUTE THE FOLLOWING
HPCL(HINDETRO)
DEC FUT
BUY@267.2
QTY:2100
CASH (DEL):
BUY @266.25
QTY:1235
IOC
DEC FUT
SHORT @127.4
QTY:7000
(3500*2)
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
PAIR TRADE !!PETRONET LNG -VS-ONGC!!!!PAIR TRADE PETRONET-VS-ONGC!!
EXECUTE THE FOLLOWING
ONGC
DEC FUT
BUY@126.5
QTY:3750
CASH (DEL):
BUY @126
QTY:2745
PETRONET LNG
DEC FUT
SHORT @273.5
QTY:3000
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
PAIR TRADE !!HPCL-VS-OIL!!HINDPETRO-VS-OIL PAIR TRADE
EXECUTE THE FOLLOWING
HPCL(HINDETRO)
DEC FUT
BUY@267.2
QTY:2100
OIL(OIL INDIA)
DEC FUT
SHORT @155.5
QTY:3399
!!EXECUTE BOTH TRADES!!
!!STATISTICAL ARBRITRAGE!!
!!HOLD FOR GAINS!!
!!FOLLOW UP-FOR UPDATE!!
BTST TRADE IN EQUITAS !!(DEC FUT)!!BTST TRADE IN EQUITAS
TRADE VIEW:-
DEC FUT
BUY@111.5
STOP@107
TARGET @115-117
LOT:4000
QTY:2
MOMENTUM TRADE IN BANKBARODA !!(DEC FUT)!!MOMENTUM TRADE IN BANKBARODA
VIEW
-THERE IS RISE IN OI +RISE IN PRICE
-PIERCING LINE
-CLASSICAL PULLBACK AFTER BREAK-OUT
CHECK PREVIOUS IDEA
TRADE VIEW:-
DEC FUT
BUY@104.5
STOP@100
TARGET 1@109
TARGET 2@115
TARGET 3@121(POSITIONAL)
LOT:4500
QTY:2
SWING TRADE IN TVS MOTORS !!(DEC FUT)!!SWING TRADE IN TVS MOTORS
VIEW
-RETEST OF 200-DMA
-BOUNCEBACK
-HAMMER (SIGNS OF REVERSAL)
-GOOD RISK TO REWARD RATIO
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS IDEA
CHECK THE PREVIOUS IDEA
TRADE VIEW
DEC FUT
BUY@450
STOP@443.5
TARGET 1@460
TARGET 2@470
LOT:1100
QTY:2
STBT IN KOTAK MAHINDRA BANK !!(DEC FUT)!!STBT IN KOTAK MAHINDRA BANK
VIEW:
-RESISTANCE
-RSI REVERSAL SPIKE
-GOOD RISK TO REWARD RATIO
CHECK PREVIOUS IDEA
TRADE VIEW
SHORT@1648
STOP@1661
TARGET 1@1635
TARGET 2@1620
LOT:400
QTY:2
PAIR TRADE IN MARUTI-VS-BAJAJ AUTO !!(DEC FUT)!!PAIR TRADE IN MARUTI-VS-BAJAJ AUTO
TRADE SETUP
HOLDING PERIOD:-2 TO 10 TRADING DAYS
ALL TRADES IN DEC FUT AND CASH FOR MATCHING VALUES
MARUTI
DEC FUT
BUY @7180
LOT:75
QTY:3"IMP"
TOTAL VALUE=16.16 LAC
BAJAJ AUTO
DEC FUT
SHORT@3260
LOT:250
QTY:2
TOTAL VALUE=16.30 LAC
"PAIR TRADES NEEDS TIME TO GENERATE INCOME"
"STAY TUNED FOR EXITS"
POSITIONAL LONG TRADE IN CANARA BANK !!(DEC FUT)!!POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!POSITIONAL TRADE IN WIPRO !!(DEC FUT)!!
VIEW
-WEEKLY ANALYSIS
-STRONG TRENDLINE AND PRICE LEVEL SUPPORT
NOTE
-ITS A CONTRA TRADE BUILDING POSITIONAL LONGS
-PLEASE TRADE ACCORDING TO RISK MANAGEMENT
TRADE VIEW 3-4 WEEKS
DEC FUT
BUY@238
STOP@234
TARGET 1@248
TARGET 2@256
LOT:3200
LOT:2
PAIR TRADE "KOTAK-VS-INDUS" !!(26 DEC)!!PAIR TRADE
KOTAK-VS-INDUS
"BUY"-KOTAKBANK
FUTURES QTY (26DEC)
LOT:400
QTY:2
RATE:1608
TOTAL BUY VALUE=12.86 LAC
"SELL"-INDUSINDBK
FUTURE QTY (26DEC)
LOT:400
QTY:2
RATE:1570
TOTAL SELL VALUE=12.56 LAC
STBT TRADE IN MANAPURRAM FIN DEC (FUT)STBT TRADE IN MANAPURRAM FIN DEC (FUT)
VIEW
-AFTER A EXTENDED RALLY AND CORRECTION THE STOCK HAS LOST MOMENTUM FOR FURTHER GAIN
-STRONG SUPPORT BROKEN
-SUPPORT-TURN-RESISTANCE
TRADE VIEW
DEC FUT
SHORT @159.5
STOP@161
TARGET @156.5
QTY:6000
LOT:1
BTST TRADE IN M&M !!(DEC FUT)!!BTST TRADE IN M&M !!(DEC FUT)!!
VIEW:-
-SHORT COVERING
-SCALPING WITH MOMENTUM
-GOOD RISK-TO-REWARD RATIO
TRADE VIEW
DEC FUT
BUY@545
STOP@537
TARGET@558
LOT:1000
QTY:2
SHORT TRADE IN HDFC !!(DEC FUT)!!SHORT TRADE IN HDFC !!(DEC FUT)!!
VIEW
-BEARISH ENGULFING ON DAILY CHART
-RSI REVERSAL (-VE)
TRADE VIEW
DEC FUT
SHORT@2325
STOP@2290
TARGET@2355
LOT:250
QTY:2
BTST TRADE IN TVSMOTOR DEC(FUT)BTST TRADE IN TVS MOTOR
VIEW
-RANGEBREAK
-STARTING A NEW RALLY
-TVS POSITIONAL TRADE CALL UNDERVIEW
TRADEVIEW
DEC FUT
BUY @465-467
STOP @462
TARGET @472-477
LOT:1100
QTY:2
POSITIONAL LONG IN BANKBARODA!!(DEC FUT)!!POSITIONAL LONG IN BANKBARODA
VIEW
-EARLY I HAVE MENTIONED IN MY OTHER POST THAT PSU ARE IN DEMAND
-STOCK IS BREAKING OUT OF ROUNDING BOTTOM AND INVERTED HEAD AND SHOULDER PATTERN
-FIRST IT WILL FIND RESISTANCE AT 200-DMA
-IF BREAKS WE ADD MORE
-IF FAILS WE BUY ON PULLACK TO 102-14 LEVELS FOR BIGGER TARGET
TRADE VIEW
DEC FUT
BUY@104.5
STOP@100
TARGET@110
LOT:4500
QTY:2
-THIS IS A MOMENTUM TRADE WE ARE WAITING FOR BREACH OF 200-DMA FOR POSITIONAL TRADE
