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Bank Nifty made a sensible close by supporting the trend line.BANK NIFTY: Banknifty made a sensible close than the Nifty, the price action supported the breakout trend line and bounced. Also a TS line acted as a good support level. The RSI bounced from the 60 levels, that too is a signature of strength. The lower time frames have to buck up now, the hourly timeframe’s RSI is still wagging between 60-40 levels. 30200 levels on closing basis is important, as long as bank nifty stays above it, the trend in short term shall be positive.
NSE:BANKNIFTY
by BharatJhunjhunwala
BHEL: Range Shift Bearish to Bullish?BHEL: After a former failure breakout attempt from the clouds, today’s session made an reattempt to breakout. The RSI is into a bullish zone and also managed to form a PR on the daily charts just near 60, indicating strength. The TK is pointing up with MACD above zero indicating bullish strength in the move. As long as the stock stays above 50 the trend up can be considered safe. We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
NSE:BHELLong
by BharatJhunjhunwala
Bank of Baroda : Getting ready for move up?BANK OF BARODA: The stock is taking support at the KS line, forming a bullish sash pattern. The RSI is into 60-40 zone after getting above 60 levels, the move seems to be sideways with a positive bias. The MACD is into bullish zone above 0. Everything above indicates bullish possibility in the coming sessions. However a move below 93 may negate the view. We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
NSE:BANKBARODALong
by BharatJhunjhunwala
BANKNIFTY Set for New Highs?BANK NIFTY: The index was over performing Nifty for the day, closed positive on weekly basis. Hovering around the breakout levels. Most of intraday’s gain was given away. The trend is up as RSI is well above the 60 levels. Any pullback to 30250 will be a healthy pullback, below it the index may further drift to 29350 levels. Any positive price action between these levels should be utilized for creating longs. Below 29350 the index may get into serious trouble. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
NSE:BANKNIFTY
by BharatJhunjhunwala
Time to say YES to YES BANK?YES BANK: The stock has been in news after RJ’s activity in the stock. On the charts we can see a rounding bottom formation on going on the daily chart which is yet to breakout. The RSI though has changed its nature and has move above 60 and now bouncing on it. Once a breakout is registered the stock is expected to rally and move ahead to 95 and even 133 going ahead. A failed breakout will have a coiling effect and the stock may further start to plummet to the lows. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
NSE:YESBANK
by BharatJhunjhunwala
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Nifty: Applying breaks to the rally?In continuation of my previous post, there was a concern on the Nifty weekly chart, the RSI on the weekly charts was close to 60 levels. Now the candles on the daily charts in the last two sessions seems to pull breaks on the rally. Though the momentum hasn’t dried up on the daily, the price pattern is giving signs. 11785 is the gap area, a close below this may trigger corrections. Any aggressive longs should be held as of now. It’s not a outright bear call, but a conservative signal.
NSE:NIFTY
by BharatJhunjhunwala
option statergy for the coming holidaysas we know weekend is coming and also there is one holiday next week on the occasion of dushhera where market will remain close .....so i suggest to to sell 11000pe of nifty of 10th october expiry and buy 10850 pe of 10th october expiry ........these two options will play simultaneously ..........as during holidays premium decay will happen fast and we will be in profit in whichever direction the market heads . also today i expected the rate cut would of 40 pips thats why i took a contra bet ........25 pips market phle hi pacha chuka tha koi na we will make money rain in next expiry till then bbyeeee :)
NSE:NIFTY
by TASTYOPTIONS
UPL STRATEGY UPDATEAs you can see I gave a short term holding call on UPL. Price then : 956-964 Price now : 1040+ Return : 9% (80 points approx / share) Duration : 1.5 - 2 months Approx I hope some of you might have earned through my call. Please like and follow, it motivates us. What are your views? Let me know :) Thank You, Happy Trading Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
NSE:UPL
by hey24sheep