Nifty is closed today on a bearish note. if it opens flat or gap down wait for a pullback and enter ATM PE. In case Nifty opens gapup and breaks Wednesday's high and sustain then Enter ATM CE target 70 points and SL 20 points
BNF is near channel resistance if it opens flat and gets rejected from resistance to trade below 45900 then we can buy 45900PE if it breaks out and trades above 45930 then we can buy 45900CE for a target of 100 points and SL 40 points
Nifty next 50 is showing divergence in overbought zone and fall is already started. exit long positions
Buying wipro Future and holding with trailing SL until T3
Heavy Convergence observed in Wipro additionally It's taking support from Fib level 0.618 and we can see a kind of cup and handle pattern in 2 hour candle too many bullish signals. Taking a long position and holding for sometime
NALCO has taken resistance from first FIb level and has formed a 3 top pattern ready to breakdown. Futures can be sold for a target of ₹50
HDFC bank has touched down it's trendline support and closed with a bullish candle in last hour. If it breaks last hour High and sustains above then we can go long for target of 1550. If it breaks down below today's low and retests and sustain then we can expect a fall to 1432 level
BNF gave a Reverse H&S pattern breakout in hourly candle and MA cross is also bullish. retest is over and started rising again. I bought 1 lot 34100CE and holding till 3PM
Banknifty has broken down a descending triangle pattern, in best case scenario there may a pullback up-to 35600 level so plan your exits from bank stocks accordingly. we can see a fall up-to 27500 in coming days. avoid buying until there is a proper formation of bullish reversal pattern
BTC is making reverse head and shoulder in Hourly chart along with that RSI convergence can be seen in oversold zone so Long positions can be initiated once it breaks out and sustain. use trailing SL to lock ur profits
BNF has broken down a rising wedge and retest is complete. now it has formed double top pattern and taking support at 35500. If it breaks this support Then we can expect another fall down of about 1000 points till next supports
SGX NIFTY has broken a symmetrical triangle and retest is going on If it gives a closing below 16060 then we can expect it to fall down to 15400
NIFTY FinServ is showing Heavy RSI convergence(Bullish signal) in oversold area. it seems people are selling in Panick. Inestors can start accumulating and buy on dips
Nifty IT Showing RSI divergence in overbought zone and may correct very soon Better exit your long positions and wait for the correction
Zomato is Showing strong Bullish diergence and is trading at buying level. Long term investors can start accumulating by buying on dips and Swing traders can Buy above 100 for a target of 128
Banknifty is moving in a rising wedge pattern. We can buy on dips and sell on rise till it reaches 41400 level afterwards A breakout of the Rising wedge may result in a fall of about 5000 points
BTCUSDT formed a falling wedge inside a rising channel and trading very near the support(already tested once). waiting for the breakout and planning to Enter a long position once it gives a breakout and retest. RSI is also very supportive for entering the long position.
Banknifty may continue to fall till 35000 level before bouncing back. plan your trades accordingly