>keep your radar if it close above 640 in this month it may bounce back up tp 720-760! > Rsi divergence
if you want to play recovery it is good counter. buy cmp or near 595-598 Strict sl:584 target:618/636/648/664 strategy: buy 1 lot 600 ce and sell 1 lot 650 ce max loss:18000 (if expiry is 600) max profit:31700 (if expiry is near 650)
Touch mean line of channel and taken support from 50 month ema
>wait for march month closing as it is very important for trend confirmation. > anything below 9100 on closing would be negative. >there is one crucial level is 10250-10300(50 month EMA) which act as strong resistance and monthly close above needed for ending downtrend. (reason: two bull run (2009 to 2015) and (2015 to 2018) respective retracement is...
cover your short!! bounce upto 10000 in next two or three trading session!!
>>Violation of this trend line is confirmation of bear market for almost 12-14 months!! >> downside levels are very scary!! 8600-8900
as expected bounce 10000back up to
>> panic is created by long liquidation not by shorting and still almost 1.3cr put are outstanding in monthly march series!! people are still hoping for recovery and it will lead to much lower level in nifty! >> next destination 10000?? or 9600??
cover your short!! sharp bounce back expected from here!
>>below 1260 it slide to 1200 >>if it will take support from this support then it will bounce back up to 1320
still waiting for bottom fishing!! target would be 11000/10600/10200. it may take time may be 2-3 months but avoid buying until it close above 11800 on monthly basis and sustain above that level.
don't short now! >Taken support from trend line near 25900-26000!! > hope bank nifty will not enter in channel other wise we will have very ugly correction!!
short near 248-250!! csl:255 target:238/228/220
it is near 50% retracement level>>1483-1490 if it close above then we will witness another big rally(up to 1600$) which is indirectly big correction in equity !!!!!
>>once close above 1589-1590 on monthly basis we will have 1730-1735 level >>good support @1486-1490
>>Life time high with lower volumes >>Rsi divergence on weekly chart >>still room left for correction at least 12-15% >> below 24680 it will slide to 21000-22000