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SBIN Strategy for November monthSBIN CMP 316 Link to previous post The stock has jumped big time from 3-4 trading sessions back 250 odd levels to 320 odd levels - the stock has touched upper end of trend line and has stepped down signalling it to act as resistance - 305-312 is important level for SBI on the lower side Given the set up one may consider Short Strangle strategy for SBI November month Sell SBIN November expiry 300 Put option around 11 & SBIN November expiry 330 Call option around 13 Lot size 3000 Total incoming 3000 * (11+13) = Rs 72000 / - Maximum profit in this strategy is of Rs 72000/- if SBIN stays anywhere between 300-330 zone on expiry day i.e on 30-Nov-2017 ( For risk management consider to move out of the strategy if SBIN goes above 345 or below 290 in Equity ) The strategy covers some risk for movement beyond the range but do understand that Trading in Futures & Options involves risk. Loss will occur if SBIN closes above 354 or below 276 on expiry day so give importance to Risk Management Understand the risk:reward potential and do necessary homework before taking any decision Take care & safe strategy
NSE:SBIN
by indiamarketoutlook
2
Auropharma on Neutral Symmetric Triangle pattern formation on Auropharma on 15 mins timeframe and it may break either. Normally Symmetric triangle pattern only to break either and other two triangles won't break either side. Will explain on another chart about other triangles. Trade for Long: Buy above - 666.50 Target 1 - 668.75 Target 2 - 670.60 Stop Loss - 664.50 Note - If the price hit the target 1, sell 50% of holdings and change the stop loss at cost to cost. Trade for Short: Short below - 664.50 Target 1 - 662 Target 2 - 660 Stop Loss - 666.50 Note - If the price hit the target 1, buy 50% of holdings and change the stop loss at cost to cost.
NSE:AUROPHARMA
by raj3elite
Must Watch { Nifty on crucial levels!!! }Nifty is in a symmetric channel where there are 3 possibilites... 1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction... 2. It May continue sideway move and give upside/downside move after few days 3. Breakdown, through which we may conclude that the nifty is ready for bigger correction... Targets in Case of Breakout : 9710/9750/9800+ whereas SL will be : 9650 Targets in Case of Breakdown : 9535/9480/9360- whereas SL will be : 9630 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
NSE:NIFTY
by MrAkshatP
6
Symmetric Triangle Formation {Neutral: trade towards trend }...VIP Industries forming Symmetric triangle.... very soon we are going to see a breakout.. RSI is heading towards downward direction in daily charts... And in weekly and monthly charts it is looking little overbought ... May this scrip heads down for a correction.... I am neither bullish nor bearish... Just waiting for the breakout candle and trade with that trend...... If this heads toward downward direction we can see 175 -180 levels... Note: Do your own study before making any position... Please Like, Follow and Comment your view below... :)
NSE:VIPIND
by MrAkshatP
2
Triangle formation on Reliance - NeutralTriangle formation on Reliance. in this triangle price will break any side, either long or short. hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend. Anyway keep until the buy or sell initiate the level. Trade Idea: Long Buy above - 1000 Target 1 - 1006.50 Target 2 - 1012 Target 1 points gain - 6.5 Target 2 points gain - 12 (Total) Short Short below - 979 Target 1 - 973 Target 2 - 966 Target 1 points gain - 6 Target 2 points gain - 13 (Total)
NSE:RELIANCE
by raj3elite
2