POSITIONAL TRADE IN PNB
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
Nifty has gained around 9% in one month and it is very likely that it may reverse.
RSI and MACD have also shown a signal of reversal.
Short nifty for a target of
TGT 1 - 11390
TGT 2 - 11330
TGT 3 - 11250
SL - 11650
BTST IN RELIANCE
BEARISH TRENDLINE BREAKOUT ON THE UPSIDE
WILL LEAD THE NIFTY BREAKOUT
SYMMETRICAL TRINANGLE ON HOURLY CHART
BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...