Nifty
Closing Price 10607
- important support at 10513 - 10485
- important level on the upside 10658 - 10686
With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.
Given the setup, on any dips in Nifty,
consider selling Nifty 09 July expiry 10450 Put option...
ITC is trading in a value area.
Strategy 1 (Risk Averse but High Margin needed) :Sell Aug 200 CE & Aug 190PE as NMRL - Enjoy the benefits of Theta - Buy back when ranged target gets reached.
Strategy 2 (Riskier) : Buy 195 CE and 195 PE - Sell when range hits on either side.
BANKNIFTY TRADE SETUP
-INDEX WILL OPEN NEGATIVE
-TWO CRUCIAL SUPPORT LEVELS FOR BANKNIFTY
-FIRST SUPPORT PLACED AT 21150
-SECOND SUPPORT PLACED AT 20870
-ON A 30-MIN TIME FRAME INDEX CREATED A RANGE
-RANGING FROM 21130-21750
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620-21750
-21620 NEEDS TO BE CONQUERED AGAIN TO TEST HIGH LEVELS
-21960...
-SGX NIFTY IS SHOWING A NEGATIVE START OF AROUND 80 POINTS
-NOW 10200 BECOMES A CRUCIAL SUPPORT
-INDEX HAS STARTED TO TRADE IN A RANGE OF 10210-10350 RANGE
-RANGE WAS BROKEN IN INTRADAY ON THE UPSIDE
-VISIBLE IN A 30-MIN CHART
-"BUY ON DIPS" MARKET FOR ME WILL BE COLLECTIING LONGS IN MY JULY OPTIONS
-"MY STOPLOSS IS BELOW "10030"
-INDEX CAN GO SIDE WAYS OR...
-INDEX WILL OPEN POSITIVE
-YESTERDAY INDEX FOUND SUPPORT AT 20900
-OUR SUPPORT WAS PLACED AT 20870
-ON A 30-MIN TIME FRAME INDEX CREATED A RANGE
-RANGING FROM 21130-21630
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620
-21620 NEEDS TO BE CONQUERED AGAIN TO TEST HIGH LEVELS
-21960 WILL ALSO ACT AS AN CRUCIAL RESISTANCE LEVEL
-"BUY ON DIPS"...
BANKNIFTY TREND SETUP
-what is visible right now on banknifty is a rangebound movement
-where the floor is in between 19800-19700
-where the ceiling is in between 20630-20655
-if banknifty breaks 19700 on the next attempt
-banknifty may qualify for "triple top formation"
NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-wait for a...
Reliance industries is showing negative RSI divergence on monthly time frame.
Time to be cautious for investors. It might go under long correction phase, could become range bound for years and test the patience.
#this_is_what_chart_says
After touching 289 ethereum has corrected quite well . A range can be seen in 240 chart which it is struggling to break . A breakout to any side can happen . One should trade only after breakout . If upward breakout happened one can buy for target of 302 and if downward breakout happened one can sell for target of 230 or 200 ema in 4 hrs. Triangle formation is...
MOMENTUM TRADE IN HDFC BANK !!(DEC FUT)!!
VIEW
-HOLDING ONTO ITS RANGE
-21-EMA SUPPORT
-SUPPORT @1250
TRADE VIEW
DEC FUT
BUY@1275
STOP@1265
TARGET 1@1287
TARGET 2@1297
LOT:250
QTY:2
"ESCORTS ON THE WATCH" BULLISH TREND AHEAD
VIEW:-
:-STOCK IS STOCK IN THE RANGE OF 640-676
:-BULLISH SIGNAL IS THE GOLDEN CROSSOVER
:-GOLDEN CROSSOVER HAPPENS WHEN THE 50-DMA CROSSES OVER THE 200-DMA FROM BELOW/OPPOSITE IS CALLED DEATH CROSS
:-POWERFUL SIGNAL
TRADE VIEW
DEC FUT
BUY @650-655
STOP@639
TARGET 1@676
TARGET 2@690-95
QTY:1100
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
TRADE VIEW
DEC...
Previously I posted this stock under bear attack....this is continues today also
support around 1812 level and the mac OI at 1900...
if the support broken then it can be free fall
Wipro is trading sideways between 280 and 300 as we could see in chart. Currently the stock is in the lower bottom of the range making it an opportunity from Risk-Reward perspective to go long.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas....
* On the daily chart stock price has decisively broken out from its multiple resistance zone of 822 - 830 levels on closing basis and sustaining above the same.
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead.
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in...
