Around the World, Indice Derivatives are the highest traded contracts.
Understanding the Indice's formation is more important to trade them.
90% of the Global Indices are Capitalized weighted and to understand their formation, we need to go deep in to the mathematics to reconstruct the Indice based on allocated weightage of the stocks.
The Primary advantage of...
AXISBANK is showing Constant Sell-Off from the Top, Look for Shorting Opportunity
after closing below levels given in Chart above!!.
Entry : After Closing below: 370 - 373 Range
Stoploss : 3% (Closing Basis)
Basic Target: 3%
Optional ways : Derivatives are best case as expiry is just 12 days away.
if you have any queries regarding above idea or any other...
Several indicator suggested that Axis momentum will be slowed down and trade in range of 720 -760 Range for expiry 28/03/2019.. You can short once it is below 753 for target up to 724/ stop loss at 756..Alternatively you can sell 720 pe as well as 800ce..MACD show slowed down diversion compared with price uptrend...Brokerage houses give calls for 800/ as...
Weekly charts are really amazing to predict the future movement as there is very less noise. Might go incorrect but feel some rejection towards upside and if appropriate price action shows up, maybe a correction can be seen.