Below are the Nifty and Bank Nifty Weekly Options Trading Levels for 30 March. Options are for 01 April Weekly Expiry Bank Nifty Weekly Call Options for LONG Trade for 30 March Bank Nifty Weekly PUT Options for LONG Trade for 30 March Bank Nifty Weekly Call Options for SHORT Trade for 30 March Bank… Read More »
Axis Bank Positional Traders can use the below mentioned levels Close Below 350 Target 333 Intraday Traders can use the below mentioned levels Buy above 362 Tgt 366,372 and 376 SL 358 Sell below 350 Tgt 345, 340 and 333 SL 355 Reliance Positional Traders can use the below mentioned levels Close below 1046 Target… Read More »
Bank Nifty is now in bear market, Last bear market of 2008 we were down 70%, Current crises are combination of Health and Financial and number of Corna cases have crossed 7 lakh worldwide and its still not peaked out suggesting more pain to come. Bank Nifty PE has come down to 21 it can… Read More »
Nifty is now in bear market, Last bear market of 2008 we were down 61%, Current crises are combination of Health and Financial and number of Corna cases have crossed 6 lakh worldwide and its still not peaked out suggesting more pain to come. Nifty PE has come down to 19.6 it can go in… Read More »
Crude is trading near its life low and trend remains down on all time frame. For Any Bullishness to come crude need to close above 1764 on closing basis else fall can extend towards 1500/1400 levels. Crude Time Cycle 30 March Important time cycle date. Weekly Trend Change Level:1681 Weekly Resistance:1764,1807,1864,1936 Weekly Support:1641,1600,1550,1500 Levels Mentioned… Read More »
USD INR had a major breakout at 73 and did a rally towards 76,We have formed an Outside Bar pattern on Friday and also near important gann angle suggesting some cool off can be see in USD in coming week towards 75/74.4 range till we are trading below 76.5 Major Trend Change date for INR… Read More »
FII sold 2.4 K contract of Index Future worth 29 cores, Net OI has decreased by 6.3 K contract, 4.4 K Long contract were covered by FII and 1.9 K shorts were covered by FII. Net FII Long Short ratio at 0.37, So FII used fall to exit longs and exit shorts. As discussed in… Read More »
As discussed in last analysis Bulls now need to move above 20000 for a move back to 20400/20666/21000. Bears will get active below 19385 for a move back to 19000/18600/18300/18000. Very Important astro date today. Bank Nifty opened with gap up and reacted from gann angle and showed an intraday correction. Now till we do… Read More »
With the Kind of Fall we saw in World Market Many novice trader have difficulty facing a cold, hard fact about the stock market: You can’t get rich overnight. You can imagine i can buy Deep OTM PE and can hold and make a fortune, But In reality most of the traders tend to lose… Read More »
Once there was a king who received a gift of two magnificent falcons. They were peregrine falcons, the most beautiful birds he had ever seen. He gave the precious birds to his head falconer to be trained. Months passed, and one day the head falconer informed the king that though one of the falcons was flying… Read More »