Bajfinance break a good support zone. If it breaks previous day low then Baffinance may fall till 5400
Positional Trade :-BAJFINANCE sell below 5845 to 5835
Target 5800, 5760,5700,5600,5540,5400
After selling, you cannot keep a stock overnight. so, one can take this trade in option.
e.g. Buy 1 lot 5700 PE feb expiry - ₹ 117.65
Sell 1 lot 5500PE - ₹...
AXISBANK has been staying above 800 for the last couple of days closings. The strength in BankNifty also suggests that banks may have a quick burst upwards. The risk reward supports a Long entry for the short term around 805. Targets would be 840, 860 and 900. Stop Loss would be any closing below 785 on daily basis.
Disclaimer - I have a position open on...
SBI seem to be forming a Head and Shoulder pattern in the shorter time frame chart. The pattern to be completed needs the price to test the neck line placed near 420-418 levels and break below. The immediate targets for the set up, if it realizes can be 406/393. The stop loss needs to be placed above 436, which is slightly above the most recent high made intraday...
