TradersVenue

TradersVenue Updated 

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...

TradersVenue Updated 

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...

TradersVenue Updated 

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...

TradersVenue Updated 

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...

TradersVenue Updated 

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

TradersVenue Updated 

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

TradersVenue Updated 

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.

TradersVenue Updated 

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.

TradersVenue Updated 

After a sustained upmove stock looking weak at higher levels. In an rising market stock failed almost 200 in last two trading sessions. Looks good to short PEL for a target of 2500/2440/2360 in short term. Maintain positional stoploss of 2654.

TradersVenue Updated 

After making double top near 1720 stock is falling last 2 trading sessions when NF/BNF is rising decisively. Looks good to short Divislabs for a target of 1650/1640/1610 with a closing stoploss of 1707.

TradersVenue Updated 

Strange to note that stock is falling in a rising market last 2 days. ACC had huge strength and moved from 1320 levels to 1620 levels in a span of 2 months. Looks good to short ACC for a target of 1530/1510/1476/1450. Maintain closing stoploss of 1600.

TradersVenue Updated 

After making double top near 623 odd levels on hourly charts stock is falling. It has noticed a bearish crossover on hourly charts too. On daily charts it notices a bearish engulphing pattern. Stock looks good to short positionally for a target of 590/567/550 in short term. Maintain positional stoploss of 625 on closing basis.

TradersVenue Updated 

HDFCBank has made inverse head and shoulder pattern and broke out above the near term high. Its good to be on long side in HDFC positionally near CMP with a target of 2200/2220 and even higher if it breaks the all time high.

TradersVenue Updated 

IGL may go down till 288/282 in near to short term. Good to short with stoploss of 300.

TradersVenue Updated 

Lupin after long down trend has taken support from multi year support of 760 and broke out from there. Currently trading above 800 mark. Above 800 it may test 827/857 in short to mid term.

TradersVenue Updated 

CIPLA looks good to short near 540 for a target of 535/528/514/505. SL 550 on closing basis.

TradersVenue Updated 

RBL bank after a sustained upmove showing price rejection from top. Looks good to short at 622 with SL# 640 for a positional target of 598/588

TradersVenue Updated 

ITC is giving a fresh breakout above 280 levels. Looks good to buy with stoploss of 278 for a target of 292/297