BANK NIFTY MARCH MONTH EXPIRY ANALYSISBankNifty Important Levels for March Month Expiry:
=> Naked Buyer Strategy:
CALL Side:
Buy Above: 47040.
Put Stop Loss: 46950.
Targets: 47130, 47203, 47288, 47368 and 47423.
PUT Side:
Sell below: 46800.
Stop Loss: 46880.
Targets : 46720 ,46650, 46570 and 46474.
=> Hedging Strategy:
UP SIDE:
Sell 47300/47400 PUT (Premium price 500-570) & Hedge with 46400 PUT (Premium price 100).
DOWB SIDE:
Sell 46400/46300 CALL (Premium price 550-630) & Hedge with 46430 PUT (Premium price 130).
=> Sell Strangle Strategy:
Sell 46400 CALL and Parallelly Sell 47400 Put.
Note: Do Trading after the Level break and use Strict Stoploss.
March
ALOK INDUSTRIES -- POSITIONAL -- MARCH 2022ALOK INDUSTRIES -- positional pick on march 2022 ..
1> stock taken support on Daily Chart consecutive 4th time ..on chart seen up 4th up arrow around 21-22 is strong support area from where stock bounce back last 2 sessions.
2> RSI seen double bottom formation at support area
3> Potential upside is 20.30% FROM CMP@23.85 TARGET 27-30-32 with stop loss 20 Risk reward ratio is very good from this level
4> Good volume seen at support level
BUY ALOK INDUSTRIES @ 23.85
TARGET 27-30-32
STOP LOSS 20
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** TRADE AT OWN RISK !!
** Historical data seen fear is best opportunity to get highest return in stock market .!!
HAPPY TRADING. !!
ZEELEARN -- POSITIONAL -- MARCH 2022ZEE LEARN WEEKLY Chart shown technical indication bullish from current cmp 12.85
1.>Strong trend-line support seen at 12.12.85 level for potential 20.30 % target 17-80-20 level,
breakout above 20 can seen level 24-28
2> Support and resistance define on chart buy arrow marker
3> rsi seen OVERSOLD area where stock has tendency to bounce back .
BUY ZEE LEARN @ 12.85
TARGET - 16-18-20
STOP LOSS 9
** IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !
HAPPY TRADING !!
NIFTY -- TREND -- MARCH 2022NIFTY ON DAILY CHART technical indications.
1. Trendline breakdown seen nifty turn bearish formation.
2. RSI seen negative Divergence and lower low formation
3. possible bounce back from 16400 odd level .
4 . lower range of nifty at trading range 16200 and higher level 17500 nearest resistance 16800
5. unless 17800 break and close above NIFTY trend will be lower low trading range.
6. last candle is doji candle indicates traders undecided about trade.
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
** HAPPY TRADING. !
BankNifty - March Weekly analysisHey guys!
In a 15 mins chart bank nifty has formed a double bottom pattern at the support which was very crucial. Basically Double bottom is formed when there are buyers waiting at the lower area which faced the rejection and that acts as a support. When the upper resistance is broken it is assumed that it will go up untill the size of the pattern (Double Bottom) is not achieved.
Price range and levels are marked in the chart. Analyse it and ask me through comment if there is any doubt.
Buy when a 5 min candle sustain above the resistance of 34340 and make sure the next candle break the High of previous candle.
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See my previous analysis also.