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BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
NIFTY50 - SELL AND RUN AWAY ?Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these levels & It may witness a strong profit booking. General Elections result is due on 4th June & because of this, INDIAVIX has shot up from 11-12 levels to 22 level. This is also hinting a reversal. If any negative news flow comes in coming week or on elections result day, We may see huge fall in Nifty50. Hence I am creating huge short positions in Nifty50 June Futures at CMP 22960. I will add more position between 23150 - 23250, if comes. My SL would be 23400 & Targets I'm looking for are lower end of this channel which is around 22050 - 22120 & If it breaks this channel pattern on downside, We will see huge fall till 21000 easily (which is my second target) & beyond. Risk is small here & Reward is huge. That's why taking more position than usual. Not taking any position in options as May series options are expiring in 4 days & premiums of June series options are very very inflated. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYShort
by akshit_official
8
medium term shorting opportunity in InfosysHi, NSE:INFY has given a bearish flag breakout on weekly charts with very good volume. MACD is also on the bearish side on Weekly and Monthly time frames. RSI is also on the bearish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the current momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Election outcome this week, so position yourself accordingly. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:INFYShort
by raigvivek
2
EURJPY- JPY BULLET TRAIN MAY TAKE A HALT & REVERSE ITS DIRECTIONSymbol - EURJPY EURJPY is currently trading at 168.200 I'm seeing a trading opportunity on sell side. Shorting EURJPY pair at CMP 168.200 I will be adding more if 168.600 comes & will hold with SL of 169.000 Targets I'm expecting are 165.400 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Short
by akshit_official
4
DOUBLE TOP VISIBLE IN XAUUSD - SHORT OPPORTUNITY IN GOLD ?Symbol - XAUUSD Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone. Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time. XAUUSD CMP - 2392 I'm planning to short it between 2392 - 2410 with SL above 2427. Gold is following a support trendline. I will add more position on breaking this trendline. Targets will be 2358 - 2338 - 2300 - 2260 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
OANDA:XAUUSDShort
by akshit_official
MCX GOLD - ONE MORE SHORT ATTEMPT ?MCX GOLD is currently trading at 68900. I shorted GOLD twice in last three weeks. One position was closed in 700 points profit and other went 1000 points in profit and then closed CTC. I'm shorting MCX Gold Futures once again at CMP 68900. I will add more short position if 69600 comes & will hold with SL above 70100. I think rally in gold is about to end and I'm expecting Gold to fall soon & change its trend from bullish to sideways - negative. M pattern is in making in 4 HTF. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
Rally is about to end in MCX GOLD ?MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements. Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel. I tried to short gold last week but it went sideways so I had to close. Closed that position in 700-750 rupees in profit. I am seeing a trading opportunity in gold. Here's a trading opportunity. GOLD CMP - 66780 I'm taking short positions in Gold June Future at CMP 67160. Holding Future short position with Stoploss 67600. I'm also planning to short MAY 65000 CE positionally which is now trading at 2500-2600. I'm expecting a correction in Gold very soon. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:GOLD1!Short
by akshit_official
6
PVR : Short Trade Coming Up Good Day , Hello Traders, PVR looks bearish below 1714 as it will be more weak and more downside will be there till 1621. One can plan a short trade with keeping Stop Loss as 1770. IF it didn't sustain 1621 then more downside till 1489 is coming up Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
PShort
by Piscean17th