since my last post, i had clearly stated that the market is creating new shorts. nifty has now shoown a 4 months trend breakdown market has now turned to sell on rise one. some retracement might be seen but that cannot be seen as a buying opportunity. levels are as shown ... sell futures with married atm call option......
so we booked a good amount of profit selling BNF. i see further selling in the index. some retracement might be seen, but index will see further downside to 34900 SELL WITH HEDGES ONLY...NO NAKED SELLING PLEASE. good luck !!
bnf may correct further, no ...absolutely no upport being seen. sell a future, but an atm call
pure fno trade. buy ITM options 700 ce for rs 19 ie 21000 per lot.
nifty might be in the process of forming a head and shoulders pattern. given that govt chauffers are now empy, it is very likely that a negative tentiment may kick in and all havoc may let loos. my immediate targets would be 17400 and then 16700 levels inn worst situations lets see....
tomorrow's candle can be a determining factor for next month expiry futures. considering the gain and bearish polynomica, a closing below todays close will bring the stock down to the levels as mention. any direction ne the trade.... both will be very lucrative. please hedge postions before entering the trade
nifty taking a support at trendline, however, no bounce back is seen. such a scenario indicates creation of new shorts in the system before market comes down further. keep a watch
weekly and dalily charts show good probability of it being a breakout candidate. however, since this is the last week of the monthly expiry, the decision to trade in FnO in this counter can be counter productive. only cash delivery suggested here. please update if you make any profit from FnO in this counter, as i would like to learn
see the chart formation happening. i wont be surprised that bandhan meets the same fate as pnb and yes bank. covid scenario and unsecured loans may badly bring down the counter in near term. stay very cautios while investing here
ups:- 1.electric vehicle sector 2. positive outlook post diwali downs: 1. nifty and world markets in profit booking phase. 2. price currently being repetedly rejected at the resistance levels of rs 3855/57 3. price between (20,50,100) and (200) sma 4. stock overvalued. outlook: from the chart it is evident that incase closing tomorrow is above 3855, stock will...
as can be seen, the stock has shown retracement to breakout levels. on the weekly scale too, the stock has shown a breakoutm with volumes, plus sustaining above the breakout levels. any bounceback in the general market )which i am expecting on tues/wed will see this stock rising exponentially. however, as per my personal rule, i would be playing for a 10 percent...
counter near important levels. remember this is a high dividend veilding stock. multi year trendline breakout may unlock fresh levels. perfect addition to portfolio for 6 months duration
the stock is seen to be consolidating in 1450-1500 zone. accumulate systematically from here ang add GTT above 1515. will blast off from here onwards, taimeframe 7-10 days
ashoka buildcon is now joining the bull party, targets are 25 % from CMP. just to be cautions, invest 30% of the capital with every 5% rise. work Hard , party harder...
trends seem to be very confusing to me.... better to stay with indivisual stocks than index
the counter is consolidating at 2400 levels currently. it may start its second leg of upmove shortly
the counter seems to give good scope of a 5-7 percent move. very near to breakout levels
volumes today suggest consolidation over, time for volatility now