Bank Nifty Trade Setup Long above 36800. Short below 36550. Max pain - 36000 PCR - 0.93 Theta Decay - -1x 16SEP2021 37000CE - ₹ 175 -1x 16SEP2021 36400PE - ₹ 177 +1x 30SEP2021 36600CE - ₹ 690 +1x 30SEP2021 36800PE - ₹ 616 *** Not financial advice *** *** DYOR ***
MHRIL is a popular hotel company operating in India. The stock reached its all time high in 2017 and is consistently in a downtrend since then. After consolidating below the significant zone the stock witnessed the great covid 19 fall. After the recently announced stimulus package the stock has shown a fresh breakout of significant zone. Buying opportunity is seen...
Resistance Breakout with volume. Buying opportunity seen after retest.
Bajaj Finance showing signs of reversal. After Gap down and reversal Bajaj Finance formed abandoned baby pattern near 200 MA which acts as a strong support.
An important benchmark index in India, Nifty 50 has been trading in range since the budget day. After the historic 5% budget day rally nifty reached an all time high of 15431. After touching ATH levels nifty has been quick to retract to 14600 levels. Lately nifty has managed to stay in the 14300 - 15000 range. 14250 acts as a very important support which if broken...