Banknifty Intraday analysisBankniftyIndex may open near 39780 and may move towards 39800. If it sustains here then may move up towards 39900 and 40100.
No trading zone is indicated by shaded region. If any time during the day it touches the shaded region and takes support then you can buy BNF or call option for the target of 39748, 39792, 39894, 39906.
If it breaks shaded region with good volume and also breaks lower red bol line then target is 39335 & after that free fall is expecting.
Highprofitability
#AJANTPHARM .. A Highly optimistic - long term viewAJANTPHARM has made a rounding bottom pattern over last 4 years.. Stock is finally trading just below neckline in a symmetrical triangle.. (clearly seen on daily chart)
Any bullish breakout (with Volumes) will most likely break both symmetrical triangle and neckline resistances. .which will be a very bullish move... However, it is also likely that it might get rejected and have a bearish breakout ... That would most likely lead to a handle formation over the next year or so..
I think it will be interesting to watch how this would play out..
Disclaimer: I do not know the future and neither do you .. We can only hypothesise based on what we see on the chart now.. Things might completely change in a month...
Short Asian paints for a target of 2208Asian paints has entered a break down zone and should continue to fall till 2208. Expecting this downtrend the traders can enter Short sell or buy AsianPaints PE2260 25-Feb expiry option.
From current levels 2260 is a good profitable target.
Short Asian paints at current levels!