Sell 2401-2, Trgt 2370-65, SL 2406. Rationale: Downtrend, strong OI resistance at 2400 Call strike, technical support at 2300 Put strike.
Buy 1163-4, Trgt 1175-80, SL 1160. Rationale: Strong uptrend and consolidating, 50 DMA may support the momentum, resistance at 1200 Call Strike. If lucky, we may even see breakout.
Buy 139-40, Trgt 148, SL 2 points (if bought at 139, SL 137). Rationale: Momentum will increase above 100 DMA (138), Strong OI support at lower levels, 200 DMA (150) is mild resistance. Please note that MAs plotted on this site are not standard ones.
Buy 461-2, Trgt 574, SL 458. Strong support of 200 DMA and 460 Put OI.
Buy 6529-33, Trgt 6555+, SL 6525. Nifty is has little impression on this stock – an FMCG biggy. Strong uptrend.
Sell 271-2, Trgt 263, SL 273. Call is based on OI support and resistance.
As maintained yesterday, Nifty is in correction mode after a steady gain for 12 straight sessions. Price came down towards the breakout point. If goes down this line, 50 DMA (10731) may be seen. As per OI table bulls are holding guard to 10600,10700,10800,10900 Puts. Major Trend remains up.
Despite Nifty correting about 100 points, this stock remained unaffected. So there is some hope for achieving targeted price.
Trade entry triggered. Maintain SL. If market corrects some more, it may take time to achieve target price. 200 DMA is to play significant role.
Given trade has triggered and target achieved.
12 days of steady rise. Bulls have built huge positions at 10600, 10700, 10800, 10900 and even at 11000 Put strikes. Bears are lying low. There may be some profit booking due to Over Bought technical and it may be shallow.
Repeated Buy 1403-5, Trgt 1425-30, SL 1395. Rationale: About to breakout at and above 1400, non-tainted bank, strong bullish chart, Multiple breakouts.
Sell 86-87, Trgt 78-80, Sl 88. Steep resistance at 90 and strong support at 75.
Buy 810-20, Trgt 850-60, SL 798. Strong support at 800. Immediate resistance 910.
Buyback price has been decided at 1100, today closing price has been 1006. There is at least 100 more points possible. One may go long.
Gap up and some profit booking. Bulls are in jolly good mood and riding on the back of 10600, 10700 and 10800 Puts writing heavily. Bears are still holding onto 11000 Calls. Some correction may be expected and that will charge up the bulls with more fury. RIL gave a lot of fodder to Nifty. So also TCS.
Sell 278, Trgt 267, SL 281. Rationale: Price moved up in a downtrend, strong Call OI resistance at 280. If there happens some correction in Nifty, this stock also may come down.
Buy 1933-35, Trgt 1965, SL 1927. Logic: Bullish stock, Negative Divergence, so some mild correction is possible to gain upward momentum.