NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
Astral Daily Analysis
Buy for Traget - 1900-2000-2100-2200-2300-2500+
can buy Aug fut of 1900 CE Trading @ 39
Holding period till August end - cash buyers can hold 2-3 months
SL for fut-CE is Candle should close below 1700 in Spot
For nifty 50 =
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have...
Buy 18700 for 2.75
Sell 18200 for 30
For a combined premium of 20-27 Rupees
this is a monthly call with 18200 being a big resistance
Any chance of profit booking will give decent return, also with trading days being less due to holidays, decay will be faster
As we can see in the chart at 45 minutes time frame, Market took support at 15864 and gone up by almost 100 points and in the process forming a W pattern.
If the market Opens flat and starts going up based on the candlestick pattern and breaches 16070 we can take at the money CE for a target of 16,150.
If because of any news the market starts going...
Important levels are marked on charts.
trade with stop loss to avoid big drawdown.
use position sizing is significant for long-run success.
happy trading, keep learning.
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
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Nifty affecting indicies Dow and Nasdaqe looks positive for next 2 weeks, We can see 32150 & 32850 levels on Dow,
That means Indian markets may trade positively for next few days,
There may be some minor corrections in some days, but overall we can see 16750 on Nifty and 35800 on Banknifty in next 1-2 weeks,Important Support for Nifty would be 15965 and 34275 for...