POSITIONAL LONG TRADE IN CANARA BANK !!(DEC FUT)!!POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
Pullback
Bank Nifty - LongNifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side)
Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness.
Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty high.
Over all Bank nifty looks positive for next session.
Bank nifty can be bought at current levels 28725 with stop loss of 28621 ( 100 Point Stop Loss)
nifty wait till 11300 for short or risky trader canwait for nifty to come up . one can short at 11300 and stop loss 11330 for the target of 11050 and 10870.
or risky trade can look for short at cmp and stop loss 11150 .
11300 will very problomatic area for bulls
nifty should hold 10800 , otherwise it can slide to 10600.
if 10600 breaks than 9900
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
nifty short, but wait for pullback 11300-11360 ,then shortstop loss 11370.
selling range 11300 and 11360
1st target 11020
2nd target 10820
huge accumulation near 11020 to 11600.
so wait for good stock to fall and then grab.
one update all target met given on 7 JULY.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
NSE: NIFTY possible move for 11018NSE: NIFTY possible move for 11018
Chart pattern suggests that current volatility might take nifty for 11018 level.
Long at current level with stop loss between 10800/10767 for a target of 10910, 11018 +
Movement with higher lows in last few sessions suggest it is most likely to push nifty higher.
Use stop loss
NSE: Kotak Bank Possible Long for resistance break above 1268NSE: Kotak Bank Possible Long for resistance break above 1268
From High of 1408 on July 19 to Low of 1133 on Sept 28
Pull back is in progress with triangle pattern
Today closed above 61.8 retracement level from 1408 fall.
Level 1268 looks like resistance.
Possible Long for resistance break to take 1321 level,
Further break above triangle can touch 1400 level
Stop loss @ 1200
Use stop loss and trail stop loss
CHANNEL/RECTANGLE(RANGE) BROKEN IN BANKNIFTY/SHORT ON PULLBACKSOME PULLBACK EXEPECTED TILL 27550 TOMORROW
IDEAL LEVELS TO GO SHORT ON THE INDEX
CHANNEL BROKEN /RANGE(RECTANGLE RANGE BROKEN)
SHORT@27550-575
STOP@27680
TARGET@27300
LOT:40
QTY:5
NOTE:LEVELS ARE AS PER CASH/SPOT RATE
PLEASE ADJUST IN FUTURES ACCORDINGLY






















