RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT
BUY@1490
STOP@1475
TARGET 1@1520
TARGET 2@1535
QTY=1500
!!CARRY FWD!!
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
OPTIONS TRADE IN RELIANCE
1540 CALL OPTION
BUY@49.5
STOP@39.5
TARGET@75
QTY=2500
!!CARRY FWD!!
Positionalcall
Amaraja Batteries Negative Divergence on 4H ChartsOne can trade position easily on the break of trend line with your risk reward ratio
As per my Inspiration,Mr Mitesh Patel, When you know the stock is going to fall, dont just keep watching, take some action at least as per your risk capacity.
1) Short in Cash
2) Buy Put
3) Sell Call
4) Short in Futures
Remember to follow Money Management
Trade as per your risk capacity.
Even i am learning along with you.
Dont trade Blindly
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!NIFTY WEEKLY CHART SHOWING EXHAUSTION
NOTE:-
VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK
IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE
TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE
VIEW:-
RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008
MACD MOMENTUM BAR IS -227 WAS EVEN BELOW
THAT BUT MANANGED TO COVER
+200/-200 ARE CONTRA ZONES/REVERSAL ZONES
EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP
MY VIEW ON LEVELS
NIFTY BOUNCE EXPECTED
10490
10930
THAT IS STILL 1000 POINTS FROM CURRENT LEVELS
STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS
(ANOTHER REASON FOR MARKET REBOUND)
POSITIONAL LONG TRADE IN PUNJAB NATIONAL BANK (PNB)/!!(FUT)!!POSITIONAL TRADE IN PNB
VIEW:-
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
BUY@67
STOP@60
TARGET 1@75
TARGET 2@84
LOT:7000
QTY:2
Torrent Power: Pennant Breakout!Torrent Power, NSE has been in an uptrend for more than 3 years.
Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant.
The Pennant now appears to be broken significantly!
Its certainly worth checking for the right entry point and then enjoy this LONG ride!
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SRTRANSFIN (Shriram Transport Finance Company) SELL BELOW 1060SRTRANSFIN (Shriram Transport Finance Company) SELL BELOW 1060
Making a falling triangular pattern, breaking the lower trendline will have more selling pressure.