After a strong break out rally, NCC has corrected for 3 months and taking strong support at Fibonacci retracement level of 61.8%.
The stock is overall bullish, waiting for a channel breakout. It is good for longterm investment portfolio as well.
Currently, we can take a swing trade in NCC:
Entry at hourly closing above 77
TGT 1 = 91 (17%)
TGT 2 = 100 (29%)
After Consolidation in a parallel channel, BAJAJ Finserve looks ready for up move.
The stock has bounced from channel bottom and 78.6% Fibonacci Retracement Level
We also see breakout of Channel with good volume
Entry - when any hourly candle closes above 9860 (Critical Weekly Level)
Stoploss - 9440
TGT 1 - 10570 (7%)
TGT 2 - 11250 (14%)
Banknifty is at a critical level at the start of April Month.
If there is a Breakout or Breakdown in any direction then we may witness a highly trending month.
CMP 33500, Upside can be upto 40000 while breakdown may take Banknifty upto 28950
Strangle Option Strategy
Buy 40000 CE 29th April Expiry, CMP Rs 15 (Investment = Rs 375)
Buy 28000 PE 29th April Expiry,...