Chart Patterns
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Chart Patterns
Trade Active Short Nifty 11900 PE @ 30 Stop 36. Target 15-18 Intraday Only.
Stop of 6 Points triggered. Intraday has never been profitable for me. But still I risk very very very small in Intraday. Just to be sure that *Intraday Never Makes Money In The Long Run.*
Chart Patterns
Short SRTRANSFIN below 1270 | Stop-loss 1303 | Minimum Price Target 1135 Risk/Reward 1:4 Strategy - Trading Range Bound Price Trading System - Mean Reversion on Daily. Trading Setup - Selling at Resistance More About Trading Range Bound Price http://www…
Stop-loss triggered. It can be range breakout opportunity but it's takes more then one attampt for breakouts to be a success. So taking long entry on retest is best option for a ranging price patterns.
Chart Patterns
Short SRTRANSFIN below 1270 | Stop-loss 1303 | Minimum Price Target 1135 Risk/Reward 1:4 Strategy - Trading Range Bound Price Trading System - Mean Reversion on Daily. Trading Setup - Selling at Resistance More About Trading Range Bound Price http://www…
Stop-triggred 1300. Above 1300 it is a buy opportunity but market is likely to be more Range Bound with Gaps and Surprises. So few days of time correction will give us clear direction.
Took support at 0.50% re once on 18th Feb and bounced back and rallied 250 Points. Today again price tested 0.50% re. If nifty closing is near to 11940-11950 then going long in option 11900 CE (weekly expiry) with 20 to 30 points as stop-loss should be a good trade.
Auropharma falling form 50% Retracement. 50% Re is more significant and it's not a Fibonacci retracement.
Nifty important levels to watch
11750 - Gap Fill attempt
11600 - 200 Day SMA
11533 - 50% Retracement ( 10637-12430)
For a Positional Trade with Higher Reward wait for Nifty to come near to 11500-11525.

Nifty taking support at 200 SMA 11685. But rather going for a long trade one should look for shorting rallies. If a rally comes and nifty reaches 11800, It will be a good short opportunity.
Chart Patterns
Short entry was at 128. Cmp 122 Trailing stop-loss form 134 to 130 Target is 105
Trailing Stop further form 130 to 123, which is a starting point of broadening top. L&T Finance Shorted at 128. Target is 105. CMP 114.50
Yesterday it Was a strong selloff after an intraday rally. Today the probability of a selloff is not as high as it was yesterday.

So not selling today's intraday recovery.

50% Retracement is at 11533 ( 10637 - 12430)

Expecting reversal to be made around 11500-11550 if Nifty to consolidate at this levels next week.
Nifty at 0.618 Retracement. Now It will take time to build a reversal when we have falling knife across the global markets.
HDFCBANK at important support level. Weekly Trendline.
Nifty Consolidating at important support level.
Kotakbank & ICICI Bank is relatively stronger in banknifty compared to (hdfcbank) the daddy of banknifty.

Kotakbank is an excellent buying opportunity at 1550 for a medium term time frame over other banks.
While Kotakbank is a continuation opportunity. INDUSIND BANK is a Reversal opportunity around 1030.

50% retracement 1032 ( 26.15 - 2038) ( 2009-2019)
USDINR heading towards Life High or Low don't know which term is better to use. Weakest level of all time.