AnantTrader

AnantTrader

PNB expected to breakout from current level, looking at current consolidation in the stock and wedge pattern. Bought PNB bank @44.95, TGT1 57 TGT2 84 SL 33

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Apollo hospital long CMP 1421 / TGT 1806 / SL 1350 (HIVATM27042020)

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Gold trading around 45000 is a good risk reward trade one can look after. once we broke the traingle TGT is around 51000 one could trail the stoploss once target is achived. *Disclaimer:Idea is only for educational purpose.

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ITC in a breakout positon Earning is on 25th may 1. 7%+ rally before earning season 2. divergence on money flow 3. resistance on 190-193 level (Technical analysis) 4. Resisitance as per option chain data is at 200. Option chain data Resistance strike 200 call - 33.5 lakh OI Support at strike 180 put - 14.8 lakh oI Bear looks more powerfull here. Trade plan...

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after the earning trade in chola mandalam, earning was not as per estimate. infact it has upset the street. however it seems mkt already discounted that bad result, and stock might go up from here. current resistance at 161 breaking this stock may reach 207. downside seems to be limited however support at 120 is strong.

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Cipla seems to be exhausted. recently it tried to chop breaout trader on short side and retested 580 level. It will be interesting to see how stock moves in coming days as we are trading near gap. one can keep stop loss near 20 hull moving avg. most of the oscilators are signaling bearish trend. Short CIPLA CMP 567 / TGT 510 / SL 575

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Cipla in a breakout position, just before its earning day, we are currently trading near support of gap up we had in start of April. If it breaks 564 Cipla can touch 520 on downside or if it stays above 564 tgt 583. One can trail stop loss using 20 day hull moving avg.

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Nifty has a strong support at 9000 and POC at 9300 level in daily time frame. Nifty likely to break 9500 in coming weeks if it sustain above 9300. Below 9300 Nifty can test 9000 level if it breaks 9000 (lets not hope that.) will have run towords 8000 level. Trade setup long if nifty nears 9300. Short if nifty breaks 9300 level

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TATA CHEM buy with tgt of 380 CMP 278 SL 240 TGT 380 (HI-OI-CH-27042020)

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CMP 235 tgt 1 270 tgt 2 300 SL 215 HOI-12 may 2020

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Hindustan unilever Buy 1998 SL 1960 TGT 2100 HOI-7/05/2020

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BTC USD in crucial zone either it will move 20000 or 5000 downside has more probability, thoughts

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Nifty is trading in a wedge pattern in hourly chart frame. short sell nifty when it reach 9365.

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SBI LIFE CMP 733/ TGT1 800 / TGT2 900 / SL 700 HRIO - 6052020

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1. April Derivative data suggest current 9000 level touch is at low volume, there is price - volume divergence. 2. Nifty unable to sustain at 9000 level 3> SL 9100 Use option bear spread to benfit from this move. Trade using future is not advisable as moves in this zone will be jettery.

AnantTrader Updated 

Nifty weekly expiry 1st April 2020 key points 1. Max pain at 8500. 2. Resistance is at 9000. 3, Support is at 8300. 4. Previous day High 8685 5. Previous day low 8360 6. Previous close is 8650 Expecting market to end with red candle.