If you focus on the consolidation pattern, you will find an edge. Btw as per technical and quantitative analysis, Vix has given a breakout from the previous 7-day range. as volatility is mean-reverting and indirectly proportional to returns so chances are high that the market will going to be bullish tomorrow. I am anticipating at least 1% up...
Analysis: Currently, the market is in the fear zone, as we can see from the past chart how the market behaved in these times. Here we are anticipating a trend line that confluence with the previous supply zone which can now act as a demand zone in near time i.e April month. Looking at the current market regime where people are aware and hopeful for the country's...
Expiry Trade: If open gap-up in the range of 35850-35900: buy 35900 put for the target of 35600 if open gap-down: wait till it reaches 35500 and if taking resistance at 200 ema in 5 min chart, buy 35500 pe or if goes down after gap-down, wait for the price to come near the demand zone (35000-34800) and buy 35000 ce if any technical pattern forms on 5 min...
Please have a look at the chart attached with the post, for trading levels.
Banknifty is capped in a channel. in the hourly timeframe. Not advisable to trade in the no-trade zone mentioned in the chart. I have plotted the probable forecasted price movement for upward and downward movement.
TejasNet has given a breakout of the triangle pattern in daily Timeframe that too after the retest, with more than average volume. Buy @CMP 191 Target 240 Stoploss 170
Sonatasoft has broken an all-time high with bearish Rsi Divergence, we can have profit booking in coming sessions. It can take support from 200 moving average if it goes down. levels are mentioned in the chart. This is just for educational purposes, do let me know your views in the comments. Thanks. Nomad Trader
Long Opportunity if the price revert from the current key level. Target and stop-loss are mentioned in the chart itself. What's your view guys?
If tomorrow there is a gap down opening, then short at a target price of 192.00 and stop-loss at 196.8.
The price movement is currently in the bullish form.