TradersVenue

TradersVenue Updated 

Perfect time to short BataIndia 1200 CE for 38.5 rupee premium. It noticed price rejection on Friday session of trade and may go down and test 1165/1150/1133 in short term.

TradersVenue Updated 

Short TORNTPHARM19FEB1880CE @55.8 for a target of 40/30/20 by Feb Expiry. Stock looking week on weekly charts and may retest the lower levels. Price rejection is noticed at higher levels near 1924-1950. In case stock moves up then write near ITM/ATM CE around 1924/1939 levels and hold it till expiry.

TradersVenue Updated 

Short Titan Feb 960 CE TITAN19FEB960CE @47-50 for a target of 30/20/10 in week or two. Hold it till expiry for handful of returns. Stock looks exhausted after a fantastic rally from 870 levels. Stock may test 942/928/914.5/894.55 in near to short term.

TradersVenue Updated 

Stock is likely to give a MACD bearish crossover on daily charts. Its forming rounding top kind of pattern on daily charts. Stochastics have fallen below 80 which gives early signs of trend reversal. IT major may retest the levels of 710/700/680 in near to short term. Short INFY 730 FEB CE for 22/25 rupees. Hold it till expiry for 20% ROI return. You may book...

TradersVenue Updated 

Stochastic showing bearish divergence. Stock seems exhausted after a strong bull rally. Good time to go short in NIITTECH using options. Short nacked NIITTECH19FEB1320CE for 51 rupee premium. In case it goes up then, average it with near ITM/ATM CE when it trades near 1375.

TradersVenue Updated 

After a constant decline from 800 odd levels stock is consolidating beween 500-470. Stock noticing good support at 470 levels and noticing a bullish crossover on weekly charts. Bullish doji at the end of a downtrend shows signs of an early reversal. Downside of the stock is limited and has huge upside potential. Above 494 where its facing huge resistance, stock...

TradersVenue Updated 

Dabur India is facing major hurdle near 440 levels and has been trading in a vary narrow range. Break out above 440 on weekly basis with flat green candle will take Dabur higher towards its all time high. But basis the current market trend it may see a downfall if it breaks the trend line support. So short Dabur once it breaks the trendline or below 25th low....

TradersVenue Updated 

Reliance had an fantastic post result rally and stock moved up quite a bit. Since yesterdays session its looking weak with MA crossover on hourly charts. Call writers have piled up calls written for 1240/60/80 strike. It will face major hurdles in those levels. At the same time huge put writing noticed at 1200 levels. Upon correction stock may test 38.6%...

TradersVenue Updated 

After a sustained uptrend BataIndia looks weak at top. Stock after touching 1163.65 (which is 100% Fibonacci extension from the SPL of 1075) looking set to reverse its trend. Its giving divergence as per stochastic and all set to test 1138/1126/1114/1097 levels on near to medium term. Today also stock tested 1138.7 which is its 38.2% Fibonacci retracement. Its...

TradersVenue Updated 

Short Unilever Jan 2019 Futures Spot CMP: 1845, TGT: 1777/1740/1720; SL: 1870 Jan Fut CMP:1859 (14.00 Future Premium, 0.75% Arbitrage) Alternately you can write 1860 CE for 50 rupee with a target of 30/20/10 FNO Margin Required: 2,00,000 (As per SASOnline) Potential Gain: 600 x 14 + 600 x 72 = 51,000.00 (25%) Strategy: Once target is met don't square off the...

TradersVenue Updated 

After a sharp correction stock is consolidating near its long term support levels if 700-710 and showing symptoms of trend reversal. Stock has made a perfect rounding bottom formation and getting ready for a breakout. People having mid to long term outlook may invest in small small quantities by adding M&M to their portfolio with a target of...

TradersVenue Updated 

BharatForge may reverse its trend and may see the levels of 485/489/498/505 in near term. Stock will become week below 472 and may head downwards further.

TradersVenue Updated 

Nifty has been trading in an range since December with top 11000 and bottom 10330. It has formed a symmetric triangle in daily charts and head and shoulders on weekly charts. Breakout or breakdown in such scenario has to be big. Further movement will be confirmed basis the closure above 10940 or below 10584. Trading below the bullish trendline (green) may make...

TradersVenue Updated 

BankNifty after a long rally from 24244 levels to 27754 looking week at higher levels. It has broken the trendline and showing bearish divergence/crossover as per stochastics and MACD on daily charts. Considering the risk reward ratio its a perfect juncture to remain on short side in BankNifty (sell on rise). Obviously hedge your positions to safeguard your...

TradersVenue Updated 

Stock is recovering from its low and making rounding bottom pattern. Stock has seen good buying interest near 400 levels and now consolidating. Add it for BTST or short term with a target of 440. CMP:421.55 TGT:426/429/433/440; SL:409

TradersVenue Updated 

Will Nifty head southwards? Time to wait and watch.

TradersVenue Updated 

Tatamotors gave a very good breakout near 172 levels and seen the 186-188 levels after making head and shoulders in daily charts. However it declined 6-7 points on last trading session. Is it a technical correction or heading for a major slump? Head and shoulders and Fib extension suggests an possible upside of 205-207 whereas slow stochastics suggests a bearish...

TradersVenue Updated 

Titan Daily charts showing weakness at higher levels. HNI traders may employ a covered put strategy for a week outlook. G0 short in futures at CMP 958.5 and sell 940 PE at around 15.2 rupees and leave the positions till expiry or spot touching 920 leve or till you receive 3-5% ROI.