I am expecting BNF expiry will come in between 29800-30000. According to Data 29500 is strong support and 30000 is strong resistance. If it will sustain above 30000 then huge short covering will come. In This case, BNF can test 31150.
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Intraday Smart Money Flow Indicator Rocks. I suggested to buy Reliance yesterday and carry as BTST, as I have received a buy call from smart money indicator from Lower Level. Today all my targets are done and made a hight @ 1394.
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There are three possibilities for tomorrow trading according to options data.
1. If NF will sustain above 11700 then it may test 11745 to 11760.
2. If NF will not sustain above 11700 then it may test 11650 level Minimum. There is a very heavy put writing in 11700.
3. If NF will sustain above 11760 the Max target is 10800. It's very difficult to sustain above...
My Yesterday Post to Buy NIFTY. By mistake, I have posted as a private post.
MY YESTERDAY COMMENT ON NIFTY:-
NIFTY OUTLOOK - 24TH APRIL
Brent Crud: Brent Crud is not crossing above $75. Iran new impact is already a factor in this price. I am not seeing crud above $75.65 unless any new negative news will impact the price.
Currency: Due to election...
While the price is below the resistance 1.1500, beginning of downtrend is expected.
We make sure when the support at 1.1320 breaks.
If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid.
A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s)...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.664.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.663.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
It's time for a correction in this stock, the momentum at which it's touching previous higher valuation is significantly less in-spite of earnings.
If TCS is a big chunk of your portfolio (which is true for most of investors) you may want to think of booking some profits at these levels
You can hedge your risk by buying 0.55 delta PE in...
. AETERNITY/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. There is a possibility of temporary retracement to suggested support zone (0.003160 to 0.002850). if so, traders can set orders based on Price...
. BasicAttentionToken/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. There is a possibility of temporary retracement to suggested support zone (0.01470 to 0.01200). if so, traders can set orders based...