Icici Bank : Thursday Trade - Head And Shoulders BD ?Stock has formed HnS on 15 min TF.
Tomorrow if stock breaks support zone then it will come to fill the gap created on 26th Apr
Short below 587 for a quick target of 581
Wednesday
Bank Nifty - Getting ready for 34600 ? | 31st MarchBNF has formed Cup and handle on 15 min time frame
If opens flat tomorrow/moves up after opening minor gap down then this set up can work beautifully. If BNF breaks 34K successfully then first target will be 34300-350.
If 15 minute candle breaks 32300 then aim for target of 34550/34600
P.S. Plz ignore above pattern if BNF starts trading below 33350-300
Mindtree - Wednesday Trade | Symmetrical TriangleMindtree has formed a symmetrical triangle on 30 min time frame. Move on either side of triangle will give good return. Keep on radar for tomorrow !!
Lets hope set up is not ruined in big gap up or gap down opening
NIFTY | Weekly expiry discussion | Short straddle / Iron FlyNIFTY | Weekly expiry discussion | Short straddle / Iron Fly
Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously.
Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or with minimum profit.
CMP : 13520
Sell 13500 CE @ 82
Sell 13500 PE @ 59
Buy 13700 CE @ 9
Buy 13300 PE @ 15
Max Profit : 8558
Max Loss : 6368
Margin required : 60000/-
Just one day trade.
