- Nifty near its March bottom
- if holds on to 15680-15720 zone then it could be a case of Double bottom
- Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day)
- trend line resistance around 16680 / 16800
- we see 50 day EMA crossing below 200 day EMA which is...
Banknifty has given a breakout of cup and handle pattern above 35100,
and is capable to reach 35400 and above levels.
Also both RSI and MACD is supporting the move.
Option data is extremely bullish and could witness short covering.
A week to remember the huge gap down and recovery. Tomorrow's expiry is going to influence multiple news. Let's see where the nifty is going to expire tomorrow. key levels to watch out for above the 200EMA and 16750 as the first levels to keep an eye on. down side 16150 and 16000.
It was a week to remember because I had been carrying a position Friday. I sold...
TVSMOTORS | Another attempt near trendline support - 15%
Good amount of shorts are in system, lets see if this trendline support ahead of result giving a short cover rally
CMP : 560
SL : 530
Target : 650
Almost 1:3 risk reward setup
Massive OI Short Covering seen today with the monthly expiry and BN bounced from 21600.
Expect good upward movement tomorrow - either way.
Go long if it sustains above 188 on the 15 minute chart & BN retraces above 21950 for targets of 190, 193, 195.8 with SL at 184.8
Short only below 184.5 (sustaining below on the 15 min chart) for 182, 180,...
SWING TRADE IN AMARARAJA BATTERIES
NOTE:RISK TO REWARD RATIO IS ALWAYS ADJUSTED TO MARKET VOLATILITY
INDIA VIX IS TRADING HIGH WHICH SUGGEST SOME GOOD PREMIUM RETURNS IN OPTION MARKETS
YOU CAN TRADE WHEREEVER YOU WANT
SWING TRADE IN JETAIRWAYS
NOTE:THIS TRADE IS SUGGESTED ON BASIS OF OIL STUDY
DONE BY THE ANALYST WHO ASSUMES
TO SEE CORRECTION IN OIL MARKETS
BETTER TO CREATE LONG POSITIONS IN OPTIONS MARKETS TO
CAP THE DOWNSIDE
ITS A POSTIONAL TRADE IN JETAIRWAYS