Akhil008

Akhil008 Updated 

Nifty formed lower low on 27th Jun for first time since December 2016. Should the market fail to hit above 9700, the next swing could very well be downwards. I would prefer to short the index along 9600 and 9650 and hold with stops above 9700 with potential exit levels around 9300. In my opinion we cannot rule out the possibility of Nifty gradually drifting...

Akhil008

Axis Bank has been trading between 480 and 520/530 level. Pretty solid consolidation. Hence we could execute a simple strategy of shorting @ 520/530 level with stop above 535 and go long once we see the price around 480 with 475 as stop. Options writing also looks good to me. Big move can be expected once the consolidation is broken out as the script could...