GBP still slouching based on current Brexit talks
CAD getting stronger given current elections trends and general public policy outlook
Technical sides indicate a good resistance levels
Long term oscillators indicate sell
Long term moving averages indicate sell
IDFCFirst after a downtrend and consolidation has now taken a swing to test it's previous top.
Can take out 50% at Target Price and observe, price may consolidate again and go higher from TP; you can add to your position in this case (excluding your profits), if prices breaks down book remaining and exit trade; you can even trail 50% stop loss with ATR
It's time for a correction in this stock, the momentum at which it's touching previous higher valuation is significantly less in-spite of earnings.
If TCS is a big chunk of your portfolio (which is true for most of investors) you may want to think of booking some profits at these levels
You can hedge your risk by buying 0.55 delta PE...
Bank Nifty is losing momentum, elections are going to pay a major roll so keep a look out for poll predictions may cause market volatility.
Possible Trades when BN index touches the levels marked in the chart
Sell BN 31000 CE + Buy 31500 CE May Monthly Contract
Short BN Future May Contract + Buy 2 CE (0.34 Delta) May Monthly Contract