NIFTY is trading in a down trend. Weakness continued in nifty and prices struggling to move up. We can expect nifty to fall till price reaches the 9700 level support. Also if we observe the price action, doji candles shows still buyers are not in control to push prices up. So plan for the short trades till prices reaches the strong support.
It has been observed that the price action is forming lower lows and trending down. Now, it shall further dip down to previous support zone.
T1- 284
T2- 276
SL 300
BEML has been a favourite shorting opportunity on NSE in the recent downtrend. This call is for tomorrow. Sell BEML @ 1160 with SL of 1190 and Target of 1070
Sell Jet airways at 751
Target price of 730-710
Future players can short March future
Option players can JETAIRWAYS 760PE FEBRURARY FUTURE AT 15.25RS FOR A TARGET PRICE OF 19-23-26
Happy trading!
May 2019 Loksabha Election Month.
Before Election we may see 18300 level, if it breach then we may see 17000 level also which is a 1.618% level.
18300 to 17000 will be our buy zone.
-Study Purpose Hemraj Solanki
19-02-2018
The bitcoin dollar chart fall is likely to continue its drop to making a new low.
The A-B-C pattern "C" wave is likely to commence which will be the last leg of the fall. If anyone is holding bitcoin, dump it now, you will get a chance to buy it at a lower rate later.
BTCUSD seems to have completed its impulse wave and seems to have entered a reactionary wave. The target for the same at first will be 16500 levels and second target can 14900 levels. The stop loss ideally should be above the high of the rally, but on a closing basis the stop loss will be 19300.
Biocon
CMP 518
The stock is up big time on news of USFDA approval for Herceptin biosimilar, but charts had already indicated to expect some positive reaction.
Notice how the stock had closed (Friday's closing at 447) well above the previous high of 438.85 indicating strong buying by strong buyers expecting positive outcome...
You don't need any rocket science ...
