Current no trading range or premium eating range is 1098 to 1132.
Below 1098 First target is 1075 and then 1035. Sl will be 1132.
from last week or so going till 1130 to 1135 and coming down. This area will act as immediate resistance.
Range bond trade.
178 on lower side and 207on upper side.
Sell 190 CE at 8.5 and 195 PE at 8.3.
Safe till 178 t0 207.
Remember this trade is for at least 2week.
Margin requirement will be 2.04Lack
Bulish view ready for breakout, its been a long time since this sector trading in a range.
Banking and Finance sector looking exhausted so sectorial change is expected. Levels to watchout for Nifty IT 21050 to 21500.
stocks like TCS, Infy, Wipro, HCL Tech, TechM can out perform.
UPL : after a huge fall it will try to consolidate in the range of 430 to 399. Keep on accumulating.
Above 430 First target will b 455 then 496.
Below 389 there will be supports at different levels like 370 and ultimate support of 335.
I would suggest to keep on adding in equity. with SL at 399.
Infy: Very tight range of 1092 to 1134.
It will spend time in this range. For all short sides SL will b 1134 and then 1152.
For long side SL will be 1092 and then 1052.
In consolidation phase and will spend most of the time here.
Great trade will be selling 1100 PE and 1160 CE for monthly basis.
Big move on either side will be expected if 1152 on upper side...
Near to over bought level SL 3400-3420.
Short at CMP.
Target 3100, 2800, 2500, 2200.
Let it close below 3250 then we,can see a major fall in,d stock. With supports at given above levels,
It has,form a,Bullish Pennant pattern on d chart. Need to give a promising close above 3420-3460 level.
If that is,also crosses and gave close above 3420-3460 then another rally...
MGL 1089 upper resistance. Lower support in the range of 1009 to 1017. tight range and on the lower end of bollinger side. Target around 985. Breaking of that then can show a level of 880.
Long side only above 1089.View Bearish. SL 1060.
Bearish cross over just happened 2 days back and RSI at 45 on daily chart basis.
Shows a downside till 985 for sure.
Bullish view. small SL at 259. Need to give close above 291.
then it will show bigg breakout.
Positional trade go long with SL at 259.
First target 332 after that next target goes in the range of 380 to 400.
Bearish view. Close above 180-182 on daily basis will trigger a huge bounce in the stock but on failure of which a down side of 158 then 140 will trigger.
Enter into short side when 177-176 zone is crossed with SL at 182
Nifty although made a high of 10553, still its trading in a channel. Close above that on daily basis will trigger a bounce towards 11000 and as its respecting 10548-10553 zone a dip towards 10071 is highly possible. That will b a buying opportunit.