Mighty Nifty - Expiry Day March 23We had a range move yesterday. Price is not showing strength. Buy above 17160 with the stop loss of 17130 for the targets 17190 and 17210 Sell below 17090 with the stop loss of 17120 for the targets 17060, 17020 and 16960. Expected expiry day range is 16900 to 17200.
Search in ideas for "SUPPORTANDRESISTANCE"
ISMTLTD re-testing breakout resistance ISMTLTD re-testing previous breakout level, buy at this level with SL@70 on daily time frame closing basis. TGT1 : 84, TGT2 : 90
GODREJIND near major supportGODREJIND major support for short position (Futures & Options) wait for the price to close below 393 on a daily closing basis. SL @ 412 on daily time frame closing basis. TGT1 : 376, TGT2 : 352
For Buying : wait for the price to breakout and close above 457
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
INDIGO near major support and positive RSI divergenceINDIGO near major support with positive RSI divergence on daily time frame, we can buy at this price with strict SL @ 1811 on daily time frame closing basis. TGT1 : 1895 , TGT2 : 1940
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
WELSPUNIND near major support with positive RSI divergenceWELSPUNIND near major support on daily time frame with positive RSI divergence, we can buy at current level with strict SL @ 62 on closing basis. TGT1 : 67 ,TGT2 : 71
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
PIIND near major supportPIIND near major support and positive RSI divergence
For short : (This is only for option traders, please trade with proper hedging )
close below 2907 on a daily time frame might fall more! One can take positional trade(Futures & Options) . SL @2991 on closing basis, TGT1 : 2816, TGT2 : 2709
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
APOLLOTYRE near major support with hammer pattern APOLLOTYRE near major support and made hammer pattern on a daily time frame, one can buy at this level with strict SL @303 on a closing basis (daily time frame). TGT1 : 314, TGT2 : 318.
We need support from Nifty as well
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
ANDHRSUGAR near major support with positive RSI divergence ANDHRSUGAR near major support with positive RSI divergence, we can buy at current price with strict SL @ 107 on daily time frame closing basis. TGT1 : 121, TGT2 : 126
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
MSFL is at major support with positive divergence on RSIMSFL is at major support with positive RSI divergence on a weekly time frame:
1) For long we can buy at this level but strict SL must be placed at 620 on weekly closing basis. TGT1 - 678, TG2 - 695
2) For short position, wait for the price to close below 620 on weekly time frame.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis