My trade plan for selling BankNifty options, intraday 07 April 2021
My trade plan for Nifty options, Intraday 07 April 2021 Bullish zone may extend to 14780
This is my options trading plan for 06 Apr 2021 My first day to implement, what I learnt from bindas bro !
My BN options trading plan for 06 Apr 2021
I have mentioned my views on the chart itself.
Strong uptrend spotted I am betting for 10 pips more
Much time has passed but GBPCAD failed to break resistance So I am betting on the very short term, downside movement for this pair I personally book only 10 pips profit Lets see....
Can be bought below 54 SL below 50 Target 68 TF 10 days
Britannia is in uptrend channel and trapped between Fibo levels of 3460-3555 Now as per buyers perspective, I want to buy it at below 3460 with SL 3434 A breakout can be seen if trades above 3540 with target upto 3645, SL 3508 In case it fails to break 3540 then a short sell can be done below 3520 (let it trade for some time), SL 3548 Target at 3435, a continuous...
An upward channel is spotted in Srtransfin A buy is good at 679 for 705 but a breakdown is awaiting below 675 target in that case is 640.50
A combination of flag and triangle is spotted in LT so again I am waiting for a breakout expecting a 3% move either side after breakout Keep SL small
Mindtree is traped in my fav. pattern Triangle so I am waiting to break this narrowing range of triangle and then a 5% move is expected either side
SBIN is now resting at crucial weekly level of 150 It has already tested this level 5 times in past I am expecting a bounce from here till 225 Time frame will be 8-12 months company is good and so is opportunity so if you dont wanna take more risk then buy half qty here and half at 98-115 (if comes) if it dont touch that level then enjoy profits on half qty
Balkrisind is now trapped between my favourite triangle and Fibo Breakout on any side will easily give 5% on that side So keep tracking....
Torntpower is trapped in range of 292-318 Now as I am not expecting any more bad in coming days so it may bounce from 296.50 levels to 321 in coming days SL being at 284.90 Time frame being 15 days
After showing wide movements, Now Britannia is narrowing its range which doesn't suits its nature Target on upper side is at 1340 and downward its near 1260 but as usual, if you wanna play risky then buy at lower lip of mouth of triangle for a 2% move