For all cases, where daily returns are >9% on closing basis, the stock moves sideways/negative returns (on daily basis) on next day. We can safely short 110 CE for weekly expiry.
Will retest 52 week low and might even cross below on closing basis
Poor fundamentals. MACD crossover, RSI below 30.
MACD cross over, RSI below 30 on daily charts, Lower lows. Immediate support at 8 month low levels. Also considing with Pivot support 2.
Today we can expect following 1. MACD crossover 2. 9 day EMA crossover 20 day EMA 3. Channel break downside.
PM will be addressing today. Expecting big swings on upside/downside. Buy NIFTY 14 May 2020 9100.0 PE (LTP - 66) Buy NIFTY 14 May 2020 9300.0 CE (LTP - 85) Sell NIFTY 21 May 2020 8700.0 PE (LTP - 50) Sell NIFTY 21 May 2020 9700.0 CE (LTP - 51) By 14th may 1. Nifty between 8950 - 9450 = Max Loss 9k/- 2. Nifty @8500 = Profits 19K/- 3. Nifty @9700 = Profits...
Short ATM CE for May month.