Very eventful tday. Kotak as expected ferocious in the opposite direction after 3 weekly upward breakout failures. Indusind showing intentions to go below 1300 towards 1280. SBI finished it target reaching closing to 830 and returned.. ICICI also looks finished it path getting close to 1280 after bounce from 1220 and returned. Axis bank on its way to test lower levels. BN could not sustain above 52.2k even for an hour..HDFC Bank may settle around 1700. Very likely BN on its way to give away 50k and nifty futures 24k. Lets see. Trade Safe. Best Wishes.
Happy Diwali to you too Ashu Bro. Yes need to watch how it behaves on weeklies. Weekly charts are still bearish. Need to trade carefully may be on both sides.. Best Wishes.
Happy Diwali PB bro...Coal India 440 on Monthly closing basis protected lets see how it behaves next week also Amateur sir is expecting 500 above in November me too expecting 505 to 520 may come in November series
Ashu bro, Yes I remember when I gave Coal India 440 target above245 odd level on multi year channel breakout. Smiley. Currently weekly is very bearish and daily is over sold. May be it will form multi year right shoulder in inverted head and shoulder pattern with 460 plus or minus 80 pts.Sustaining 440 on monthly close basis is important to attempt a move towards 600. Have to see how it behaves in coming quarter... Best Wishes.
Thank you passerby sir booked profit in the morning..excellent call..
What is ur view on coal India bro given multi year breakout and back to 440 lvls
Ashu bro, that is possible. There is no guarantee or sureshot in stock market. Thats why one should take their money out of the trade as soon as possible if possible with some profit. This pe went all the way from 125 odd level to 320 level. Wise traders must have booked the profits. Preserving capital is important. Once there is a move in your direction just book profits or trail SL. Trade Safe. Best Wishes.
24000 PE Nov monthly expiry may hit 130 than 50 positional
harm bro, i have closed by icic bank 1240 call options this morning in good profit. hope you did too... trade safe. best wishes.
mightyword bro, 200 to 250 is the range that i though to accumelate nov 24k pe. my sl is below 200 on closing basis. i added some when it reached close to 200. it did go below 200 so i felt was mouth watering level. if at all i get a daily close below 200 at that point we will check new levels. on hourly itself now 24.4k is a good resistance for futures now.... trade safe. best wishes.
dear passerby, i did not buy 24k nov pe, it is near your stop loss of 200₹ , if this gets hit on closing basis, whats next , what is the next level for buying pes in nov for a higher strike price..
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