Torrent pharma trading with -ve arbitrage where spot is trading 8 rupee higher than futures. 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 1878.5 and sell 1850 PE at around 35-40 rupees and leave the positions till expiry or till you receive 3-5% ROI.
As per chart I am bearish on TataMotors. Risk taking traders can take the trading opportunities and make money via swing trades. Once stock moves in the direction of trade, keep trailing your stoploss. Almost all indicators and moving averages suggests selling it except for CCI and RSI which suggests a buy. Stock is in oversold territory. Positionally you can...
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...
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...
Write SRF 2200 CE Dec Expiry at 55-65 with a target of 45-40-35 in a week time.
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.
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...