Tata Motors CMP trend is visibly showing higher highs and lower lows for past few months. Lows have significantly increased for minimum RSI and demand volume has increased considerably. Next Breakout is expected in a month when Tata Motors breaches 153 price level of resistance. Trend is expected to continue post this breakout as next level of resistance is the...
Strong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological...
will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches...
A rising wedge pattern seen in the NIFTY chart clearly says that Nifty is trading at highest levels of the upper band and upside is limited till 10300. Firstly, Nifty will touch the lower band of the Rising wedge pattern & later can break also. Breaking lower side of Rising wedge can drag Nifty towards 10500 levels.
Closing Price 10607
- important support at 10513 - 10485
- important level on the upside 10658 - 10686
With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.
Given the setup, on any dips in Nifty,
consider selling Nifty 09 July expiry 10450 Put option...
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Strong rejection is seen from 189 level indicating resistance at the upper range of consolidation. Also the chart pattern under formation is Rectangle.
Rectangle is a continuation pattern so the positions can be initiated once price breaks and sustains above 189.
Target after breakout will be 204 and 216. Stoploss can be maintained below 162
In our previous post we had highlighted the importance of 8986-9027 level. That level is still being respected. Nifty has closed in the said range at 8993.
Let’s see what data has to say for the expiry week 16th April 2020.
FIIs sold 8.46K contracts worth 474.69 Cr.
FIIs booked profits and squared off 7489 Long Contracts and they added just 979 Short...
Levels are mentioned in the chart.
Alternatively one may consider the following F&O strategy
Consider selling NMDC 30 April expiry Put option
Strike Price: 80
Lot size: 6000
Recommended selling range: 4.5 - 5 (Closing price 5.2)
Time frame: 30th April 2020
Max profit potential Rs 27000 - Rs 30000 till 30th April 2020
The strategy has inbuilt loss...
Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels.
Levels are mentioned in the chart.
Alternatively for a short term trading idea one may also consider the following strategy for L&T
Consider selling L&T 30 April 2020 Put Option
Lot size :375
Strike Price: 740
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- -...