Nifty is at important zone Nifty important levels on the upside - 18716 / 18740 On the lower side watch out for 18653. If that is taken out then we might see Nifty drifting lower towards 18416 / 18258 These are Nifty Future levels we are discussing here You can keep the levels to watch out for as SL for your Long / Short position Plan your trade...
Spicejet The stock has struggled a lot in past but since September 2022, the stock has managed to hold on to the Bear onslaught. Financially still unhealthy, but with restructuring process due to be completed soon, and Oil prices cooling off, things may improve for the aviation sector going forward which can in turn help the aviation sector. If we analyze the...
ICICI Bank The stock is trading near resistance at 936-944 zone Given the set up, one may consider a Bear Call Spread strategy for December series Sell 940 Call option (currently around 13.4 & Buy 960 Call option currently around 6.1 The strategy has a max profit potential of approximately Rs 10037.5/- per strategy and a yield potential of approximately 13.5%...
IGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe...
Powergrid The stock seems to have sustained above its crucial resistance level at 218 Now it has a clear path towards 231 / 238 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take...
IOC The stock is in strong territory and has support at 73.5 / 68 Target for the current set up 79 / 84 / 90 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational...
ONGC - After making a low of 119.85 on July 6, 2022 the stock has managed to defend the low thereafter - since Sept 28, 2022, the stock has made a higher bottom higher top formation - managing a close above the yellow line could open the doors for further upside potential of 154 / 158 / 166 Buy at CMP and on dips towards 136.50 SL Keep a SL at blue line (...
Nifty is currently having support at 18400 odd levels Nifty all time high is at 18604 Given the set up one may consider to a Short strangle strategy in weekly options Dec 01 Expiry Sell 18300 Put optoin Sell 18650 Call option Net receivables 68-70 points Loss in trade if closing on Dec 01 is below 18232 or above 18718 Review points 18350 on the lower side...
Nifty November series has seen a decent up tick Observations - In the last couple of days above 18200, Volumes have dropped - 18180 is an important level to watch out for the November series Important levels to watch out for on the lower side 18180 / 18133 / 18036 Important levels to watch out for on the upside 18228 / 18304-18323 odd levels With...
Nifty Yesterday I had given important levels for Nifty 18228 - It respected the level for the whole day and gave a breakout in last 1/2 hour of trade Above 18228 the next level given was 18304-18323 zone Today Nifty opened at 18325 and immediately retraced and traded the whole day in the yellow zone ( again the yellow zone has been marked in yesterday's...
Nifty The level of 18350-18400 has acted as crucial resistance in the past Immediate Support at 18258 odd levels High risk traders may consider buying Nifty 17 Nov expiry 18300 Put option between 58-66 (CMP 62.50) Target 84 / 96 / 102 SL 51.50 Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...
Laurus Lab we are looking at weekly chart of Laurus Lab Ltd the zone of 436-463 has seen buying interest on previous occasions Target 1 for the current set up comes to around 583-604 zone Target 2 - 700-720 odd levels Time frame 2-3 years A word of caution: Below 435 next important support is around 340-370 zone. So plan your trade accordingly...!!! This is...
SBIN We are looking at weekly chart of SBIN stock Observations - SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high - support at 554 / 545 / 530 zone Given the set up One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position Otherwise 530-540 zone could...
Nifty - We are looking at daily candlestick chart Observations - On 16 Sept Nifty opened gap down between 17877 to 17796 - coincidently Nifty 76.4% retracement level is also around same level 17777 - for 4 consecutive days Nifty is struggling at 17800 levels - With 1 hour's trade to go today volume is on a lesser side Given the conditions, fresh longs in...
Ambuja cement We are looking at weekly chart of Ambuja Cement - weekly closing high 539.35 - low made thereafter 471.05 The stock has possibly done its short term target on the upside (Jitna neeche utna ooper) View: Rangebound Given the set up one may consider a Bear Call Spread strategy Sell 560 Call option currently around 8.3 Buy 600 Call option...
ICICI Bank We are looking at daily candlestick chart pattern Observations - ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels) - subsequently we saw profit booking in the stock - now the stock is back at 920-940 odd levels - we see ICICI Bank still not making a decisive...
Diwali season is considered one of the best season to get your house painted. With festive season gone behind us, is Asian Paints losing it's shine ? Let us look at what chart has to tell us... We are looking at daily charts of Asian Paints The stock is seeing a lot of selling since it made a high of 3582 on September 28 - the stock is trading below it's 21...
Ambuja Cement - After a big euphoric rally the stock seems to be consolidating now in the yellow channel box 21 day EMA is around 500 53 day EMA is around 464 and rising by around 1 point My trading strategy is for a range bound market scenario. Giving a profit potential of 11% till expiry as well as keeping loss limited For details Like and message me Take...