Nifty saw quite a few sectors participating today, it closed with reasonable strength too.
11750 can be used as stop for longs for tomorrow (28th Oct.)
Trade long using bull spread utilising 11800 and 12000 Calls.
This post does not encourage speculative trading in financial markets, cosult your financial consultant before taking any investment decision,...
SBI and even other PSU banks, may catch up with their pvt sector peers.
Buy SBI with a target of 204 and 211, keep 194 as stop loss.
Consider trading a bull spread, or some other risk defined strategy with an aim to capture benefit of upside.
Carry due delegence, this post is not intended to encourage any speculative trading.
imp levels are mentioned on chart.
trade with caution, SC hearing w.r.t. interest on moratorium today.
consult your financial consultant before considering any trade, trade using risk defined strategies / spreads.
pls refer to chart for imp levels.
carry due diligence before considering any trades. Risk defined strategies / spreads / strangles are safest ways to trade markets. Make sure to consult your financial / investment consultant.
Nifty formed a NR 7 candle on 11th Sept.
Top of the candle is on a resistance line too, breach of this 11494 levels should invite some fresh buying.
11567, 11604, 11648 may act as resistance levels on the way up.
11410, 11354 and 11301 are important support levels.
There was a clear "buy" signal on 9EMA on 21RSI system on 2 hour chart, and a "mild one" on...
HDFC has not participated in Bank Nifty rally of Friday, may catch up and support it next week.
Buy with a stop loss of 1104, for targets 1125, 1131, 1144, 1157.
A bull spread using 1100 and 1160 (or 1140 depending on your risk profile) strikes can be ideal from risk reward point of view.
Lupin can be bought above 1017, keep a stop of 985 and ride the momentum.
Last five days have seen, good volume too as a confirmation of pattern. An upside of 15-20% looks imminent from current levels.
Please carry due diligence and consult your financial advisor before taking any positions. Whatever is shared here is for research and education purposes, and not...
Levels and advise is mention on chart. Please carry due diligence and consult your financial advisor before taking any positions. Whatever is shared here is for research and education purposes, and not a recommendation to buy or sell.