Amit_Ghosh

Amit_Ghosh

RBL Bank went up today due to the block deal. Block deal of 1.89 crore shares in RBL Bank. t.co t.co We are expecting a minor profit booking though Market seems to be bullish for tomorrow as NASDAQ ended green. Our aggressive bet is to short RBLBANK August 540 CE at 5.2 for a potential profit of 5200 INR. The breakeven point is lucrative considering the...

Amit_Ghosh Updated 

Our last Trade of Kotak Bank has gone into profit as of now. Thanks to the hedge! Here we spot Triangle Pattern. It is back at its old major support; thanks to Kim and North Korea. Now it is a value buy! There are two targets. When target 1 is reached please make that trailing stop loss to attain target 2. If the stock enters the second trade box by then;...

Amit_Ghosh

Two days to expiry. IOC is approaching towards its resistance of 450. The beta of IOC is scary so betting for IOC 460 CE which is at .5 and will make 750 INR in two days. Aggressive people can short IOC 450 CE at 1.25 This is not an intraday short idea.

Amit_Ghosh

The stock had fallen from the top. We can see Three Dives Pattern there. So the question is how you make the stop loss and most importantly take profit in a Three Dives Pattern! We use the Fibonacci Retracement Tool . The entry of the Three Dives Pattern is absolutely above 23.6%. So the hard stop loss is there. Generally, any chart consolidates on 50% to...

Amit_Ghosh Updated 

HDFCBANK is at Support. We are resuming our old trade immediately from here. Thanks to our update of trailing stop loss (read comments) we made no profits no gain on spot and 900 INR loss in options. HDFCBANK Aug 1760 PE is at 20.9 HDFCBANK is at 1743.3 Right now I am re-opening my options positions which was closed on loss of 900 INR. Breackeven of this...

Amit_Ghosh Updated 

Bank NIFTY is retracing towards its former level. NIFTY index is also getting rebalanced. Doklam Standoff is taken care of and hence no negative news apart from Baba Ram Rahim is in market haha. Elliot Wave ended giving it is an awesome projection towards upside. Short Bank NIFTY 24400PE AT 155.45 for this month's expiry i.e. 31st August. Short Bank NIFTY...

Amit_Ghosh Updated 

HDFC Bank showed a healthy correction post the Bank NIFTY rise and ready to rise for the next rise. This is an Intraday trade setup. Consecutively one can sell an ATM PE for theta decay as expiry is near.

Amit_Ghosh Updated 

As described in the chart; my bet is on the retracement post the XABCD pattern is complete as the Geo political tension has been stabilized and lots of upside potential is left right now. My highly lunatic view is it should reach 1850. Let's see.

Amit_Ghosh Updated 

Yesbank is in consolidation in the area of 1700-1750. The recent fall of Yesbank is caused due to the fiasco of Trump and our North Korean Leader's threats which led NIFTY to fall. Last Thursday, Bank NIFTY recovered with major strength dragging our main index but Yesbank didn't participate in this movement. Also, the NSE Page of Security-wise Price Volume...

Amit_Ghosh Updated 

Been an underdog due to this Bank NIFTY move. Just created a swing; will be up from this levels. Yesbank Fut Price = 1728

Amit_Ghosh

Global Market has been eased and our Janmastami week of consolidation is coming. Sell Banknifty 24100PE at 107.40 towards 17th August Expiry

Amit_Ghosh

It got trummped and will go up. Strong Revenue growth.

Amit_Ghosh Updated 

Its currently on support level. Harmonic pattern spotted.

Amit_Ghosh Updated 

Kotak Bank may bounce from the swing. My setup will be Kotak Bank futures or Kotak Bank August 990 PE at 11.55. If Kotak Bank consolidates; I will head for Kotak Bank August 990 CE at 23.10 and Kotak Bank August 990 PE at 11.55 for which will constitute a straddle then. Initial Credit = 23.10+11.55 = 34.65 Upside Breakeven = 996.20 + 34.65 = 1030.85 Downside...

Amit_Ghosh

Just another educational discussion

Amit_Ghosh

Educational Discussion

Amit_Ghosh Updated 

Trump completed our pattern. Technically it is a buy now unless US market dances tonight.

Amit_Ghosh

Just another educational discussion