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AshokLey is showing bullish divergence on daily charts. While stock price is falling indicators moving up. Stock has a strong support near 105 levels from where it has broken out and continuously on an uptrend for last 3 days. Stock showing MACD bullish crossover on daily charts. Hence its good to buy AshokLey above 112.75 with an mid-long term target of...

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AxisBank is opening near its highs since last 4 sessions and closing near its daily low. Even though on daily charts its making higher highs and higher lows, stock is getting stiff resistance from its strong resistance zone of 637.5-640. MACD on daily charts suggests a melt down. Upcoming headwinds like state election results may cause a small correction in...

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Write SRF 2200 CE Dec Expiry at 55-65 with a target of 45-40-35 in a week time.

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Write AxisBank 630 CE at 23-24 with a target of 20-18-16 and SL=27. Potential gain of 3600-6000-9600 and loss of 3600.

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BankNifty looking exhausted at higher levels and may retrace to its 38.2% retracement levels of 27200. Its good time to trade banknifty with a bear call spread strategy by selling 27200 ITM CE and buying OTM 28100 CE. Overall margin requirement with MTM may be around 0.8 lacs. If BNF moves upwards then hold 27200 short CE position and square off the 28100 ATM CE...