Bullish divergence observed. Target - 2300 SL - 2200
Kotak Bank is testing the support level 1300. If broken, Target 1 - 1278 Target 2 - 1240 SL - 1330
Target 1 - 2056 Target 2 - 1958 SL - 2168
Bullish divergence observed on multiple time frames. High risk-reward ratio. TRGT - 188 SL - 180
Immediate NIFTY resistance is 11525 and 11580. It will be important to view NIFTY formations at these levels. A bearish divergence is also observed on the 60 min chart. At the lower end, 11120 will act as good support for this week unless there is a news of India - China border escalations which has alleviated in the recent past. I expect NIFTY to consolidate...
HDFC is looking weak and is testing the support multiple times. 1727 if broken, Target - 1675 SL - 1755
BANK NIFTY is consolidating between 22100 and 22500 for couple of days. Immediate resistance on BANK NIFTY is 21665. It will be interesting to see formations at these levels. Broad BANK NIFTY range looks to be 21200 and 23500. Appropriate option positions can be initiated near support or resistance.
SHORT 1400 CE PIDILITE @33/35 Qty - 2 lots TRGT - 50% reduction in premium SL - 1435
SHORT ASIAN PAINTS CE 1800 @ 31/32 Qty 2 lots TRGT - 50% reduction in premium SL - 1832
Sell 2800 CE - 75/77 Qty - 2 lots (400 qty) SL - Heromoto Corp going above 2870. TGT - 50% reduction in the premium.
Bearish divergence observed SL - 1970 Target - 1865
Hidden bearish Observed. Hold the trade for another 3-5 hrs.
Bearish Divergence observed. Hold the position for 4-5 hrs.
Bearish Divergence observed. Hold the position for 3-4 hours.
Bearish divergence on 60 mins chart. TRGT - 2000 SL - 2060
Bearish Divergence observed on 60 mins charts. TGT - 695 (by tomorrow) SL - 715.