Engineer, MBA , CMT from MTA New York, Stock/ currency trader , Forex Manager /Prop trader at MNC, tweets r not recommendation, Not registered with SEBI etc etc
Looking at the Asian market , Bhole nath ne bacha liya bulls ko by keeping #nifty off for the day ...😃😃 Har har Mahadev ...
Long Eicher around 18800, SL 18450 , tgt open
#Nifty as perfect as it can get ... went below 12K and closed well to form the hammer and with today’s gap up and strong close, it’s almost an island reversal
Indusind bank ->Closer to long term TL support -> Impulse from 1600 odd might end around 1100 So if u think it’s reasonable to expect govt to take call in telecom mess by this weekend then can go for 1200 call as hero or zero between 5–10
#nifty 11970 odd ....so the minimum requirement for correction is over .... if this was just the correction then it should find support in cloud , going / closing below cloud might mean decline is more than just correction
This is what nifty has done since that gravestone DOJI warning signal
Positional Long can be tried in RBL bank in the range of 322-310..... SL 298 , tgt open
#Tatamotors :: large triangle on hourly.... might break on upside
So it was perfect timing to book out I bull option as this is what it’s doing today even with 100 nifty upmove 😃
#nifty50 Almost a gravestone Doji right at resistance.... Again a drop below 12000 possible in next 2-3 days ....
Bank nifty option combo less than 240 now ..... almost 20% done ✅ & dusted in no time .... can book out fully
Bank nifty 32000 call and 30000 put total is 285-290 ... can be shorted here or close to 300 or more with both boundary on (32K &30K ) on spot as SL ... Monthly option
Fully speculative hero or zero call :: Mothersumi 150 call between 1-1.30
Maruti 7500 call 70 now ....
Hero or zero :: Long Maruti 7500 call between 30 & 40 ...
ICICI bank looks like a triangle in the making on daily chart .... can go tonew high towards 560 ++ ... SL 517
Nifty :: Looks like starting diagonal here .... if that’s the case then maximum the fifth can go is 11930 beyond which third wave will be the shortest .....so u can expect large retracement of the recent fall as long as 11930 hold beyond 11930 u have to count it 1,2,(1),(2)
Infy :: looks like some ending diagonal in the making ... Anything towards or above 800 isshorting opportunity
Indusind bank :: Big divergence on hourly and extremely oversold on daily ...
M&M 580++ .... in top gear .... can book 50% here & trail SL as per risk appetite