HDFC November expiry should be below 2210 as per Bearish divergence in daily charts
Sell HDFC 2200CE @ 41
Buy HDFC 2300CE @ 18
Net credit - 23 x 300 = 6900
Breakeven at 2223 levels
Sl spot price close above 2250.
Exit when position is at 80% profit.
NIFTY 50 : P/E = 34.73 :(
STOCH RSI = OVERBOUGHT :(
Nifty 50 is currently all time high. :)
Trend-line Resistance is at near 13200 level and also GANN Static level is at 13000 - 13225.
Trend-line support is at near 12460 level
Also noted, there is a support zone at same 12460 level on Weekly time frame, which makes it a strong...
Resistance levels and Support levels mentioned in the chart
look for more info in comments section
follow for more updates. Write your analysis in the comments section for more info
Market might volataile , plan your trade accordingly .as per chart for fresh downward movement market need to go down below 12780 .and for upward movement level is 12970.
let market settel for first 15 min and set your trand accordingly.
RSI indicating a bullish divergence with a trend resversal pattern breakout
Buying opportunity on pullback at 28.80 - 29-30
Targets - 32.75 | 34.60
Stop Loss is a must since markets are currently overbought and greed is high
One can also consider selling OTM put option and hold till expiry
Nifty level mention on chart .
i will look for short once nifty close below the trade line in 5 min candle.
this is not ideal market to trade but as an intraday trader we have to creat ideal market ,
I am trading with half quantity only and don't wait for big profit or big loss .