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Sellsignal

INTRADAY | ASIAN PAINTS | FOR THOSE WHO MISS THE TRADETwo days before, posted a Sell signal of Asian paints before breakdown of WEDGE pattern, those who entered made good profit. here is another chance to enter.... Major support zone - 1595 to 1600..ENTER only if it breaks otherwise a reversal can be seen. Sell below 1595 Target 1- 1580 target 2- 1570 target 3- 1560 SL- Use strictly Tight stop loss according to your risk Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
NSE:ASIANPAINTShort
by CKDZ
INDIGO CHART ANALYSISHello Everyone, Happy Sunday! Hope you all are ready for tomorrow :) As we all know, the lockdown is extended till 17th May 2020, and this is going to put all the plans on hold for aviation sector. Additionally, looking at the Indigo chart pattern, I find it bearish as it isn't breaking 1080 target from long time now. Here are my targets: If it breaks 981 below, then go for 950 as the first target If it continues to break 950 then go for long 915 My third target would be 885, if it breaks 915 too I'm sure, tomorrow we'll see selling coming in Indigo and tomorrow itself, we can see the target hitting of 915. Thanks, Akshay
NSE:INDIGOShort
by AkshayKudchi
Nifty Futures & Options data analysis & view for 20 April On daily charts, we observe • Hanging man candlestick. Under normal conditions, a 150 point tail would have been significant candle, but given the way markets have moved in the last 2 months, we need further observations • While it has formed Hanging Man candlestick, it has also managed to close significantly above 20 day EMA. If Nifty has to go down it has to break that level in next 2-3 days • If, however, Nifty survives above 20 day EMA, then it could be an indication of more upside & in the next 14 trading sessions probability of heading towards 50 day EMA will be much higher. • (Also note above 9325 levels Hanging man pattern gets invalidated ) --------------------------------------------------------------------------------------------------------------------------------------------------------------- Coming to data analysis, FIIs net sold 90 contracts worth 6.56 Cr in Futures Futures data FIIs exited both from Long positions (1182 contracts) & Short positions (1092 contracts) As markets opened significantly higher Retail participants booked profits in 4558 Long contracts and took a hit in 7519 Short contracts. Pro traders exited from Long positions to the tune of 3441 contracts & added 2233 Short contracts. Options data analysis Call Option - FIIs added 12.2K Long & added 7.5K Short contracts in Call option - Retail participants added 73.9 Long contracts and also added 73.9K Short contracts - Pro traders added 20K Long Call and 24.8K contracts were Shorted by them. Put Options - FIIs bought 15.8K Puts & 17.2K Puts were Shorted by them. - Retail participants bought 1.07 Lakh Puts and 88.8K Put Contracts were Shorted by them. - Pro traders bought 8.4K Puts & 26.5K Puts were Shorted by them. Important levels on the lower side 9216 / 9180 / 9118 / 9080 Important upside level 9320 / 9405 / 9508 / 9585 All in all, despite Nifty being up 3%, we have not seen rise in Open Interest. It has rather reduced by 6.5K Contracts. Though we are clear with the levels & possible movements (discussed in the 1st part), Monday is recommended to be an observational day to understand the bigger picture - whether OI is building up or not and if it is, then how market participants are positioning their trades. Make your move after understanding the battleground you are in and knowing the strength & weakness of your opposition. In trading, remember for every buyer there is a seller and vice-versa. So it is You vs others . And it is important to understand who you are trading against. Take care & be safe...!!! Like & Follow
NSE:NIFTY
by indiamarketoutlook
18
NZD/JPY POSSIBLE SELL OPPORTUNITYNZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING DOWNWARD TOWARDS SUPPORT LEVEL OF 63.093 AND FURTHER TARGET AREAS. ENTRY - BELOW 65.736 SL - AROUND 66.547 TP1 - AROUND 63.093 TP2 - AROUND 61.861
Short
by mkumar2294