About meI am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If you trade my calls ....risk is all yours
As per chart it is clear that breakout above 330 does not sustain and the price is back in channel ......i will go short tomorrow around 328 for the immediate target of 318 with stop loss 332.
Watch out for NSE:HINDZINC if tomorrow it breaks 328, it is a good short candidate as a beautiful bearish pinbar formed today which is signaling a reversal...
So watch out... but don't jump in the trade as 330 is a support level
I bought 1000 PNB today at 111.6.... playing for the bounce from its support of 111-112 which is also its 52 week low .....with small stoploss of 108.6...
as per news it may look risky , but as per chart it is a good trade as per risk reward.
even if it reaches 117.6 ... R:R will be 1:2 ..and as per chart odds are with me ;)
Keeping in mind bond yield,rupee weakness, and banking scams...... i am going in march series by shorting nifty.. my stoploss is 10420.10 and first target is 10270.
i have shorted nifty march future at 10370.
NSE:YESBANK has broken support of 325-330 and today a pin bar formed at its support which converted it to resistance , so i will short yesbank tomorrow if it fails to trade above 320. my target is 305-300. So what are your view?