positive

will short BPCL on Monday #POSITIONAL will add more if 446 comes on BPCL

Britannia has been in a nice and long uptrend over the last 5 years. After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji. At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend. Its certainly worth...

For levels reffer to chart

NSE:NIFTY Nifty has took good support @ 10787. Upward range will be 11143. If it breaks 10770. Then, It will be dragged to 10570 I Expect Upside. What you say??

BANK NIFTY shows strong support at 27800. 27800 level is very strong due to multiple support levels are in the same region. BANK NIFTY expected to move into retracement zone and reach target mentioned below. Price movement marked in charts. Price will touch 28000 then bounce back to target. The ideal place to buy call is around 28000 Target 1: 28908 Target 1...

With PMO showing interest to intervene in the market sell offs and FPI concerns and China giving hints to discuss with US to ease the tariff war; market may get some relief rally in coming times. Even if market doesnt rally immediately it will take a pause and sell off may stop. Those who feel market will trade above 27300 can create below spread for 2.75L cost....

Nifty forming a channel and is not a good time to enter for long

RBLBank had a decent correction from its high 716.4. Stock almost tested its major support level of 438-444 and gave a bounce back. Stock displaying symptoms of early signs of reversal. Stock has potential to go upto 495/527/553 retracement levels. However it may be a time taking journey. Looks good to deploy below strategy with breakeven of 418-529.8. Till 400 it...

#BajFinance looking bullish on 45M charts. Stock had a strong recovery on last session. Stock made bullish engulphing kind of pattern on daily scale. Stock if trades over 3275 then further short covering may be expected. However going long at current stage requires to maintain a closing stoploss of 3000. And on upside it may test 3400/3500 in near to short term....

#BajajFinserv looks bullish on 45M charts. RSI surpassed 60 mark. On daily scale it has formed bullish engulphing kind of pattern. If it trades over 7300 then it has all probability to test 7415/7600/7900. But stoploss will be nearest SPL which is 6631. Trade is not favourable for equity or futures trades. Instead create a bull call ratio spread. -2x 29AUG2019 ...

#BajFinance looking bullish on 45M charts. Stock had a strong recovery on last session. Stock made bullish engulphing kind of pattern on daily scale. Stock if trades over 3275 then further short covering may be expected. However going long at current stage requires to maintain a closing stoploss of 3000. And on upside it may test 3400/3500 in near to short term....

Ashokley looking good to buy after long long time. Since its trading its 52 week lows instead of going long in the stock a bull call spread can be created for August expiry. +1x 29AUG2019 72.5CE - ₹ 5 -1x 29AUG2019 80CE - ₹ 1.7 Max. Profit ₹ +25,200 Max. Loss ₹ -19,800 Breakeven 75.8 PayOff: bit.ly If stock keeps falling below 70 then...

Bankbaroda took trendline support and bounced back in previous session. Stock has undergone a decent correction and showing early symptoms of recovery. Mean reversion traders can initiate a risk defined bull call ladder at current stage. +1x 29AUG2019 115CE - ₹ 4.3 -1x 29AUG2019 125CE - ₹ 1.5 -1x 29AUG2019 130CE - ₹ 0.85 Max. Profit ₹ +36,225...

ZeeL buy view was given in the telegram channel with technical details. It has already rallied 15 points. Now its getting ready for a big upside probably 394/440

We have seen breakdown after (5) wave and fired move in downside which still unstoppable. This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby. I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative...

Ultratech Cement is up for a bearish move towards 4375/4200/4050. Stock is making LH-LL and weekly charts have generated a bearish crossover. So timeframe may be longer and quicker results not expected. RSI on weekly scale have fallen below 60 mark. One can trade with a bear put spread for August expiry instead of shorting futures directly. Planning to deploy...

Wipro buyback offer is open and it may gain momentum in sometime. Good time to create a net credit bull call ratio spread for August expiry. +1x 29AUG2019 275CE - ₹ 3.9 -2x 29AUG2019 285CE - ₹ 1.75 Max. Profit ₹ +11,520 Max. Loss ₹ Undefined Breakeven 0-294.6 Estimated Margin₹ +100,850 PayOff: bit.ly

TechMahindra had a decent correction and stock is giving early breakout after consolidation. Stock looks good for a no-debit no-credit option spread for August expiry with a breakeven of 620-780. In case stock moves near breakeven then further adjustments can be done by shifting, rollup or rolldown of short positions. +1x 29AUG2019 700CE - ₹ 13.2 -2x ...