Here , We can see on the chart,Asian Paints is making Lower lows and highs,so it is in downward trend on Daily chart(a correction),also it is somewhat in corrective mood only in weekly chart.But it is a t its support of 1330 level from which i expect it to bounce somewhat,then we can think of selling calls above 1480 and as per IV situation.Currently IV of all...
Here we can see, Axis Bank formed a bearish divergence on MACD.By which,it has corrected from its all time highs.Currently as per dow theory,Axis bank is making lower low s and lower highs on Daily Chart .We can expect Axis bank to reach at 660-675 levels.However be aware that Axis Bank is in uptrend on weekly chart,it can anytime resume its upward flow.We can...
Currently ,Adani ports is looking strong on daily,But its major trend is bearish on weekly chart.We can see the that the price is making higher high and higher low while the MACD is making lower high and low ,that is what is called as bearish divergence,we can say that the daily bullish monetum has been lost and price will not be continuing its bullishness with...
Currently, Banknifty has been rejected about 2 times form its ATH of 30770 level, and i am expecting it to go down,but nifty is not supporting my bias.As we can see from chart ,macd gave bearish divergence,which banknifty respected and then it reacted to lower levels ,and presently the macd is bearish ,but banknifty is holding good support from EMA 34 and...
The market is looking very strong,on upside it is looking very strong once it closes above 11850 succesfully.However on downside ,the market has a support of 11554 then 11316 to defend.So ,As according to current market conditions put selling is advisable of strike below 11550 for Nifty for weekly and Monthly expiries.
Happy Trading.
