Elgi Equipment Next leg rally to start?Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%.
Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term.
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Niftydirection
Nifty Daily Levels Update For Option Day Trading Importent Levels with Nifty ConfirmTargets
Nifty Down Side Targets / Nifty Support Zones
First Support Zone For Nifty - 18162 - 18175
Second Support Zone For Nifty – 18085 -18100
Third Support Zone For Nifty – 18014 - 18025
Nifty Up Side Targets / Nifty Resistance Zones
First Resistance Zone For Nifty - 18270 -18258
Second Resistance Zone For Nifty - 18348 - 18340
Third Resistance Zone For Nifty - 18458 - 18446
Nifty Daily Levels Update For Option Day TradingNifty Possible Trade for Tomorrow (Nifty me Kal Konsa Trade Le sakte hai )
When to Buy Call Option in Nifty
First Possible Trade
Trade Entry – If Nifty Sustain Above Support Zone (15910– 15925 ) You Can Buy ATM call Option
Trade Target – Nfty Upside First Target is 16080 and Second Target is 16200
Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 15900 then Exit from Trade or max . 20/25 Points Stoploss .
Second Possible Trade if Nifty Open Gapup Above Major Resistance
Trade Entry – If Nifty Sustain above Support Zone (15670 – 15690 ) Sustain below You Can make entry in ATM CALL Option
Nfty Upside First Target is 16845 and Second Target is 15900
Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 15670 then Exit from Trade or max . 20/25 Points Stoploss .
When to Buy Put Option in Nifty
First Possible Trade in Down Side
Trade Entry – If Nifty Sustain Below Resistance Zone (15925 – 15910 ) Sustain below You Can make entry in ATM put Option
Trade Target – Nfty Down side First Target is 15690 and second target is 15550
Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (15715) or max . 20/25 Points Stoploss
Second Possible Trade if Nifty will Open Gap up But Below Major Resistance
Trade Entry – If Nifty Open Gap Down and Break Support Zone (15690 – 15670 ) You Can make entry in ATM put Option
Trade Target – Nfty Down side First Target is 15550 and second target is 15450
Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (15700 ) or max . 20/25 Points Stoploss