NMDC Levels are mentioned in the chart. Alternatively one may consider the following F&O strategy Consider selling NMDC 30 April expiry Put option Strike Price: 80 Lot size: 6000 Recommended selling range: 4.5 - 5 (Closing price 5.2) Time frame: 30th April 2020 Max profit potential Rs 27000 - Rs 30000 till 30th April 2020 The strategy has inbuilt loss...
SBIN If on dips SBIN is able to hold on to triangle support levels then one may consider to buy for targets mentioned as in the chart itself... Exit from position if it stays below the triangle for 3 candles on a 15 min chart then look to sell. targets & SL for downside are also mentioned
In our previous post we had given support levels of 8744 and 8688. Do notice, Nifty opened at 8688 close to 8680 level and managed to close the day at 8748 just a tad above 8744 support levels. In between we saw a roller coaster kind of a ride… From 140 points down in early trade to a rally of 478 points from the lows and then again a 430 point drop from the...
Nifty Any dips towards 8550 can be considered as a good entry point with a SL at 8450 odd levels on closing basis. Target 9120 / 9332 / 9480 / 9550 Take care & safe trading...!!!
ICICI Bank CMP 332 Consider a Short strangle strategy in ICIC Bank Consider selling ICICI Bank 30 April 2020 expiry 380 Call option Lot size 1375 CMP 24 & also sell 280 Put Option CMP 23 Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020) In built loss protection in...
L&T Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels. Levels are mentioned in the chart. Alternatively for a short term trading idea one may also consider the following strategy for L&T Consider selling L&T 30 April 2020 Put Option Lot size :375 Strike Price: 740 Sell...
Tata Motors CMP 70.10 At CMP and on any dips looks good from long term perspective Short and medium term targets are mentioned in the chart... Take care & safe trading...!!!
BPCL CMP 272 The stock needs to protect 262 -252 zone on closing basis for target of 306 / 332 Alternatively if the stock is unable to hold above 262 it may be a signal of further weakness and potential target on the down side comes around 236 / 206 / 196 Important levels have been identified Plan your trade accordingly...!!!
Nifty CMP 7765 Nifty has been very volatile and it has been swinging 500 points just like that.... What use to take months now is happening in a couple of hours... So what can one do in such situation Option 1 is stay away from market Option 2 Trade with more focus on risk management. For the current market conditions One may consider the following...
Nifty Closing price 8468 Chart explains our view... Important Resistance 9300 / 9680 / 10240 odd levels Support levels for Nifty 7922 / 6850 / 5820 The view is for the next year and a half... - Don't think so it is time to do bottom fishing... - This doesn't look like a market which is going to start a bull market soon - any rise especially towards ...
Nifty CMP 9955 Couldn't think of any better song to describe how the media is portraying the current Market carnage "You you're my mask You're my cover, my shelter You you're my mask You're the one who's blamed... ...Sad but true" I strongly feel Corona is just an excuse... the real reason is something else... Don't believe me... Well, we all agree the world...
Spicejet is at a level which historically has acted either as a strong resistance or strong support. If the level is held then Spicejet has a strong possibility of jumping back to 95 / 102 odd levels. On a fundamental note - Corona virus fears have let to many flight cancellations so in the short term, things could be difficult - but recent price drop in...
Bharti Airtel CMP 540 Telecom sector had been out of flavor for a long time now. However the current chart pattern reflects things have changed and possibly changed for the good. Bharti Airtel has now broken above the parallel channel after 12 long years. Could this be a signal that the worst is over... Only time will tell. But the current setup suggests ...
Nifty Closing price 11132 What do I mean by mirror image pattern Well, if you see from the Budget day low of 11633.30 Nifty bounced back to make a high of 12246. i.e 613 points on the upside. Once we closed exactly at 11633.30 on 27th February 2020, and opened gap down the next day it was evident that Nifty is going to fall near about 613 points. ( Jitna Upar...
Nifty 11612 Look for a bounce back trade of 11720 levels SL 11580 on closing basis
Nifty CMP 12098 Holding 12060 levels on closing basis Nifty can look to scale back towards conquering previous highs of 12430 levels This is a positional view Keep a SL can be at 12025 on closing basis. Take care & safe trading...!!!
ICICI Pru Life CMP 478 The stock has recovered well from levels of 440. And it can be seen from the chart why... But now is going to be the testing time for ICICI Pru. The zone of 480-498 may act as a resistance zone. Unable to cross the said zone may suggest rejection at current levels and stock can again dive for a new low in coming weeks. Target for the...
Nifty CMP 11982 Last time we had recommended selling between 12380-12480 and Nifty made a high exactly in between the said range. As of now Nifty is following exactly the same path what we had shown in our previous post... Now We are very close to the resistance level which is around 12030-12060. If we see the levels of 12030-12060 acting as supply...