Hello !! Federal bank it is in a rangebound condition and on the great support so it can max go to 50/49 if it went beyond that then one can go for sell-side otherwise it has more chances to go up so one can go long with sl of 50 and target can be the resistances. #my_view #learner
From my August 5 update, I expected
NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop.
News driven action likely tomorrow.
I expect consolidation to bearish movement tomorrow.
NIFTY was choppy, but not necessarily...
BANKNIFTY we have had 2 nice moves from the trend decider posted on 03-AUG
The downside target and bounce off it and then the upside target.
We are again trying to hold below the trend decider- with some multiple lows an support below that.
Given the correciton yday this is a low risk sort opportunity to test the downside targets
The trading levels for today, THU 08/06, are the same as for yesterday. Read below for more details.
Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50...
this chart is only for day traders. for getting great RISK/REWARD - trade near to support zone. if price able to break 1st support then later on 1st support will react as resistance. if you see demand at support, go long. if you see selling at support go short. just try to follow the trend.
In my August 4 trade view, I said
Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY , I feel there is some more upside up to 100-150 points.
For tomorrow, I...
A simple but effective option wrting strategy for a monthly income:
Underlying concept :
a) Strategy - Writing nifty call and put options simultaneously.
b) Strike selection - Call and put strikes approximately above / below 100 points from market price at the time of entry.
c) Adjustment post position - For every 100 point or close to 100 point change in...
Hello!! ICICI Bank again a very good stock, I mean bank it is really good for intraday I believe it generally gives a move of 1-5% daily which is really good. now it looks like it will give an up move. so upper resistances can be tested. let's see what will happen tomorrow after all market is supreme. trade after confirmation i.e sustaining of candles above the...
#NIfty50 - Look at the candles marked by red arrows
Every time Nifty opens higher than the previous day's close and close above the previous day's high, The chances are higher that bottom is made and the price will again open gap up the next day.
Considering the previous price action, there is a possibility that nifty may open gap tomorrow
Currently nifty closed...
Hello!! Cipla is a famous company for pharma in India but I don't like much of pharma stocks, still this stock looks bullish for a short term and maybe will retrace a bit or rangebound because it has given a big move on last market day..... I think 745 tgt can be seen till 6th august 2020. #my_view #learner
Hello!! Dixon technology looks a good stock its already on all-time highs because it's a new stock, I will not prefer to bet on a new horse, but if someone knows the fundamentals then can try this stock. in my view, it will retrace a bit till the levels given. #my_view #learner