TradersVenue

Stock had underperformed the index since last 10 years and was consolidating between 320-150 range. Finally, stock has given a multiyear channel breakout above its crucial resistance zone of 320-350 with volume. RSI on weekly charts have crossed 60 mark indicating bulls are in power. Weekly closing above 350 mark is indicating that SBIN is getting ready for a...

As per charts it strongly bearish. 132-128 is strong support zone and is unlikely to be broken. Its beaten down and risk to reward ratio at current stage is very good. People having short-mid term view can add it to their portfolio with protection or sell 130 PE at 7 rupee premium where breakeven goes upto 123.

Nifty is on constant decline since last 8 trading sessions. Currently its trading near its 100 DEMA 11229. 200 DEMA 11023 will act as strong support. 11008 is also strong support on daily charts. So any option spread which has lower breakeven of below 11000 for 16th May expiry should be good enough to hold. 11000 may act as round figure support too. I am neutral...

BataIndia has been in a bull run since last 3 months. As per daily pivot chats, R3 stands at 1537. Currently BataIndia 1560 CE is available for 10 rupee premium. 1560 CE seems to be a perfect short candidate with margin requirement of 1.45L and net ROI of 3.81%. If BataIndia Breaks 1540 will do adjustments.

Titan has been in a bull run since last 7 months. After long long time, RSI has fallen below 60 levels showing bulls are loosing power. As per daily pivot chats, R3 stands at 1217. Currently Titan 1240 CE is available for 12 rupee premium. 1240 CE seems to be a perfect short candidate with margin requirement of 1.6L and net ROI of 5.47%. If Titan Breaks 1220 will...

YesBank neutral strategy for May expiry. Stock has corrected a lot before results and expected to consolidate before giving a decisive move. On upside its expected to get stiff resistance near its Fibonacci retracement levels of 211.6 and on downside 148 is likely to act as support. Expecting an expiry within 150-210 and hence created below neutral option spread....

Nifty Technical Outlook For May Series RSI on daily charts has fallen below 60 indicating weakness if building up. At the same time today Nifty made dragon fly doji pattern. Even though last minute reversal was strong, Nifty unable to sustain the higher levels due to price rejection. If Nifty slips below 11600 then it might lead to a potential correction. Time...

ICICIBank had a nice bull rally from 350 levels and trading its all time high. In current situation going short or long nacked is likely to create damage to the portfolio. So creating neutral to mildly bearish spread as I am expecting some correction from the higher levels when BankNifty is selling pressure at its highs. -1x 30MAY2019 FUTURES - ₹ 409.1 +1x ...

HDFCBank is trading near its all time high. As per pivot points its upside may be capped to 2360/2400. Creating below option strategy for this expiry. If HDFCBank approaches the BEPS, then will do necessary adjustments. -1x 30MAY2019 FUTURES - ₹ 2286.35 +1x 30MAY2019 2260CE - ₹ 70.95 -1x 30MAY2019 2260PE - ₹ 45.25 -2x 30MAY2019 2360CE - ₹ 29.8 Max....

Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS . -1x 30MAY2019 12000PE - ₹ 500 -2x 30MAY2019 12000CE - ₹ 212.7 -1x ...

Election have brought high volatility and indexes giving wild swings of late. There is huge premium due to this volatility . So created below neutral option spread which has wider breakeven 26653-31681. Deployed 35% of my capital. Will do adjustments when spot approaches the BPS . -5x 30MAY2019 27500CE - ₹ 2795 -3x 30MAY2019 30500PE - ₹ 1263.15 -3x 30MAY2019...

HDFC bank had a good rally. Stock had moved almost 12.75% from nearest swing point low of 1210. However stock looking weak at top due to profit booking. Its showing 3 black crows kind pattern in HeikinAshi daily charts. Overall banking sector is overbought. RSI is falling. MACD is giving a bearish crossover on daily charts. Stock has been facing strong resistance...

Kotak bank had a good rally. Stock had moved almost 12.75% from nearest swing point low of 1210. However stock looking weak at top due to profit booking. RSI is crossing below 60 showing weakness. MACD is giving a bearish crossover on daily charts. Stock has been facing strong resistance at 1360-1365 levels which is acting as a supply zone. It would be good time...

After a sustained uptrend, falling RSI with a doji formation on hourly charts, subsequent bearish engulphing candle shows early signs of trend reversal. MACD showing a bearish crossover. Volumes also have dropped a lot. It may be a sign of trend reversal. Good to short it using option spreads with no credit no debit strategy ensuring minimal losses with decent...

TVSMotor looks good to buy for a short to medium term target of 500/511/520/530/560 with a closing stoploss of 460

Axisbank looks good to Short below 730 for a target of 720/712/700 positionally. Maintain a positional stoploss of 754 (wide).

BEL seems to have a fresh breakout and have broken the trendline resistance. Later upon correction trendline resistance acted as support and stock is moving up. Many technical analyst and market experts have bullish view on the stock. Good to go long with a closing stoploss of 87 for a target of 100/105/110/115/120.

Zee Entertainment has given a bearish crossover and falling from its supply zone of 500. Stock may test 420/410 in near to short term. Good to maintain a closing stoploss of 463 or hedge your short position.