thechama3

thechama3 Updated 

Sell Union Bank on rise with SL of 91 and targets of 85 and 83.

thechama3 Updated 

With the weekly candle that was made by SBIN it is indicating that for the coming week It might not breach 307.5 and hence any rise should be used to sell with a breach of 295 levels a possibility. So : 1.) Sell 305 CE on rise, 2.) Sell 310 CE on rise. 3.) Sell SBIN futures on rise with SL of 307.5 and targets of 294.5/ 292.5. Adjust entry price as per Risk-Reward.

thechama3 Updated 

Sell Shree Cement on rise with SL of 18240 and targets of 17250/17000.

thechama3 Updated 

We saw that Nifty did not pay heed to the Doji pattern today. Infact it took support near 11452 and bounced back and closed near the high for the day and in the process formed a bullish candle. One may buy Nifty with a SL of 11449 and targets of 11546/11565/11590. A safer strategy would be on the options front

thechama3 Updated 

Bank Nifty as expected did not breach 29300 on the downside in today's trade. Rather it took support near 29550 and moved towards 29800 and in the process formed a bullish candle. Hence for tomorrow only it is possible that it will breach 29820 on the upside and not break 29500 for tomorrow only. Shall take it on a daily basis from thereon!

thechama3 Updated 

One might sell Sunpharma on rise with SL of 476.8 and targets of 465.8/462.2.

thechama3 Updated 

We got a bearish pattern on the banknifty charts (daily) which indicates upper hand for the bears and which tells that the present trend might take a breather. So it would be a good idea to sell on rise with SL of 29950 and targets of 29300/29160 for the short term. All levels are Cash levels.

thechama3 Updated 

We got a doji pattern on the nifty charts (daily) which indicates indecisiveness on the parts of the bulls and the bears and which indicates the present trend might take a breather. So it would be a good idea to sell on rise with SL of 11540 and targets of 11410/11350 for the short term. All levels are Cash levels.

thechama3 Updated 

Sell Petronet on rise with SL of 245 and target of 226.2.

thechama3 Updated 

Sell ULTRATECH CEMENT on rise with SL of 4190 and targets of 3819. A confirmation obtained on RSI and a convergence on MACD on the cards that will eventually lead to a downward move. One can book profits on their longs.

thechama3 Updated 

Sell voltas on rise with SL of 631.9 and targets of 571/565.

thechama3 Updated 

One may sell Axis bank on rise with SL of 751 and targets of 735.7 and 731.

thechama3 Updated 

One may sell LTFH on rise with SL of 149.6 and targets of 144.9/143.8.

thechama3 Updated 

One may sell Vedanta on rise with the SL of 181.3 and target of 175.9.

thechama3

Nifty closed at 11301 on Tuesday with a 78.6% retracement level of the move from 11760 to 10004 placed approximately near 11385. The Rsi has hit the overbought region. The midcap index reversed from the resistance zone of 4950-4985. With a strong close on Tuesday , another round of bullish move is on the cards. Question is how much would Nifty move before it turns...

thechama3 Updated 

One may sell union bank on rise with a SL of 81 and target of 76.25.

thechama3 Updated 

Sell Tvs motors on rise with SL of 493.3 and target of 480.8.

thechama3

Sell Tata Steel on rise with SL of 527 and target of 495.6