yeswanth86

yeswanth86

#Nifty View on Feb 9th TF = 1 HR Chart analysis: There is no bullish divergence yet, so caution to be go long and it closed nearly to strong resistance at 17250. OI Analysis: 17400 put writers were squaring off to their existing position and 17300 has good resistance as major OI built from call writers. 17000 has an enough OI built from put writers, it could be...

yeswanth86

Chart Analysis for 28th Dec. Nifty is moving in a channel and trending up with HH and HL towards the major resistance. Options: Call sellers are short covering their existing positions upto 17300. 17000 is the major support and 17400 to 17500 are the immediate & major resistance. View: Strongly bullish.

yeswanth86

Calls writing on 17100 and 17200 could be treated as major resistance. Puts writing on 17050 and 17000 could be treated as major support. View for 24th Dec is sideways to down trend as nifty is already at major resistance.

yeswanth86

Tomorrow's view on Nifty. --> Time frame =15 Min --> Nifty is moving in a channel with Higher Highs with Higher lows in uptrend. --> As per IO data, 17050 CE and 17100 has major resistance. 16900 PE as major support. View looks like side ways tomorrow in between 16900 and 17100 levels to down trend.

yeswanth86

At present nifty is under support of 17200, if it crosses below look for short. The view looks like berish so for.

yeswanth86

Keep an eye on federal bank, Go long upto 110 if it crosses 105 Rs

yeswanth86

Keep an eye on kotak mahindra bank. It break out the resistance.

yeswanth86

TCS motors is moving in a channel Target is upto 590

yeswanth86

Cipla has good enough puts are at 900 and 910 strike price.Expected it moves up from here, as it's already at over sold zone.

yeswanth86

Go long upto 350 as tata motors breakout inverted head and shoulder chart pattern. Thanks.

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yeswanth86

Time frame: 1 Hour Chart pattern: Inverted flag and pole pattern

yeswanth86 Updated 

Natural Gas has formed head and shoulder pattern with lower low and lower low.