Only Positional Community
DOW has still room for 500 points downside.
Till global sell off cools down we might trade in 17275-17300 to 17750-17800 range.
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HGINFRA Buy CMP or Zone 650-665 Stoploss DCB below 615 Target 800
Book all targets done ❤️
Cheers 23%
From 650 to 800 ✌🏻
Cheers 23%
From 650 to 800 ✌🏻
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Only Positional Community
NIFTY50 Trading below 200 DEMA Support recent swing low 17251 Resistance 17530-17572/17770-17780 Close abv 17800 required for bullish trend
SGXNIFTY UPDATE
Currently in channel taking support
We can see some short covering, this 17000 level can work as interim bottom in NIFTY.
Currently in channel taking support
We can see some short covering, this 17000 level can work as interim bottom in NIFTY.
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Also there is some positive news on inflation data, so we can see some upside move. Use this move to exit weak trades. New trades will be shared.
Only Positional Community
DOW has still room for 500 points downside.
500 points DOW done. Exact support from that level and now recovered.
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Only Positional Community
500 points DOW done. Exact support from that level and now recovered.
2 levels here will work as sell on rise
32550 and 33600. Same thing may replicate here also. Wisely use this short covering.
32550 and 33600. Same thing may replicate here also. Wisely use this short covering.
Hello Members,
Final support to be protected 16750-16760
This is just to update for on going global banking crisis.
As far as Indian Banks are concerned they are fundamentally sound but we cannot escape the global spill over.
Stance is bearish on markets unless we go abv 200 DEMA and close abv 17550-17600.
We may see a pullback move till 17200/250 and 17450/500 can be relief rally or short covering.
We would suggest not to enter any fresh trades. Those bought can be exited on SL hit basis.
Those entered fresh keep then with tight SL.
Those holding can hedge portfolios with NIFTY monthly Puts with ATM or ITM strikes.
Not a trade recommendation. Short trades will be shared as and when we go further and things unwind.
Invalid when we close abv channel and 200 DEMA.
Final support to be protected 16750-16760
This is just to update for on going global banking crisis.
As far as Indian Banks are concerned they are fundamentally sound but we cannot escape the global spill over.
Stance is bearish on markets unless we go abv 200 DEMA and close abv 17550-17600.
We may see a pullback move till 17200/250 and 17450/500 can be relief rally or short covering.
We would suggest not to enter any fresh trades. Those bought can be exited on SL hit basis.
Those entered fresh keep then with tight SL.
Those holding can hedge portfolios with NIFTY monthly Puts with ATM or ITM strikes.
Not a trade recommendation. Short trades will be shared as and when we go further and things unwind.
Invalid when we close abv channel and 200 DEMA.
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PVR
Sell below 1555
Target 1495
SL 75 min closing above 1600
We have created a bear call spread as following:
Bought 1620 CE at 14
Sold 1580 CE at 27
Max profit per lot: ~5500
Max loss per lot: ~3500 (Stoploss of entire strategy)
If price closes abv SL levels given can hold CE buy for 1-2 days this can minimize loss.
Sell below 1555
Target 1495
SL 75 min closing above 1600
We have created a bear call spread as following:
Bought 1620 CE at 14
Sold 1580 CE at 27
Max profit per lot: ~5500
Max loss per lot: ~3500 (Stoploss of entire strategy)
If price closes abv SL levels given can hold CE buy for 1-2 days this can minimize loss.
Hello members,
This is just to update the trend still not changed, we may see some recovery bounces. If we go by wider market then CNX200, CNX500 have broken their September lows.
Can refer the chart.
It is better to wait for clear trend to establish, till then any bounce offload your holdings.
This is just to update the trend still not changed, we may see some recovery bounces. If we go by wider market then CNX200, CNX500 have broken their September lows.
Can refer the chart.
It is better to wait for clear trend to establish, till then any bounce offload your holdings.
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