NSE:BANKNIFTY had a narrow range based trade today with a minor negative bias. Yesterday's swing low was breached by 13.40, but it does not pose a major scare yet!
The pattern may look bearish on the 5mts TF, but it actually isnt. Banknifty is comparatively outperforming the Nifty50 and NiftyIT index for the last 3 days.
NSE:BANKNIFTY did not have enough...
NSE:GLENMARK
#NSE:GLENMARK 360 CE given today and it worked really well and bagged 14k/lot.
Further levels marked can be work as resistance.
Happy LEarning !!
NIFTY | Cup & Handle formation (Good only for hedged / spread position - it can take 3-5 days)
CMP : 15770
SL : 15670
Target : 16100
Almost 1:3 risk reward setup.
Reference : Bull Call Spread
Buy 15800 CE
Sell 16000 CE
July 8th Expiry or July monthly expiry
Higher low formation with a double bottom formation on RSI. Bullish candle after two narrow range candles. First level of resistance 269 thereafter targets are big. 195 should be protected.
