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Bank Nifty - July 31Price is moving within the range of 51250 to 51900. Price can break the range if it gains strength .Pattern : Range.
Range : Medium.
Trend strength : Normal.
Buy Above : 51360.
Stop Loss : 51280.
Targets : 51440, 51520, 51600, 51720 and 51800.
Sell below : 51220.
Stop Loss : 51300.
Targets : 51160 ,51060, 50980, 50900 and 50820.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Finnifty - July 30We had trending move in morning and choppy session in afternoon today. And price is at support now.
Buy above 23320 with the stop loss of 23280 for the targets 23360, 23400, 23440 and 23480.
Sell below 23240 with the stop loss of 23280 for the targets 23200, 23160, 23120 and 23080.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
ETH HEAD? No better setup!
Eth has been sliding (measured in BTC and SOL geometric mean)
SOL recently did reach highs, but only the top of range of SOL/ETH
ETH/(SOL*BTC*ETH)^(1/3) only reached the bottom again, but hasn't pierced it through.
If this reclaims the key levels, expect an ETH season.
Remember that in the BTC conf, Trump mentioned "BTC, Crypto, Whatever you want to play with". This could be the trigger that the Altcoin market has been looking for.
Mid cap nifty - July 29Price gave trend line break out and consolidating in the zone 12700 zone. This movement happened after forming a double bottom pattern.
Buy above 12680 with the stop loss of 12640 for the targets 12720, 12760, 12800 and 12840.
Sell below 12580 with the stop loss of 12620 for the targets 12540, 12500, 12460 and 12420.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BankexPrice is testing 60 k for few days and it is moving in a small range. Price is bullish as long as it sustains above 60000.
Buy above 60120 with the stop loss of 60020 for the targets 60200, 60280, 60400, 60480 and 60620.
Sell below 59880 with the stop loss of 59980 for the targets 59800, 59720, 59600 and 59520.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Short Call !!!The overbought market needs some trigger to make profit booking and shade it weightage for further long. In such scenario, I bring you a stock which is downside potential of around 17%. It has given a massive breakout in last 1 month. The current level is 192.2. If it crosses below 190, It is not going to get any support till the level of 160. So, go short at 190 for the target of 160.
Shorting August future with hedging by buying out of the money call will be the best preferred trade for this counter.
The stock name is Samvardhana Motherson International.
Happy Trading.
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