Nifty future daily chart is opening another solid selling opportunity, on nifty future chart we see a declining trend line is acting as resistance for price action. Moreover 200 SMA is around 5190 level hence making that resistance level much stronger, Nifty 5200 call option has highest open interest, hints 5200 level a resistance for now. So we have 3 confirmations for this trade, first declining ... [Continue Reading]
Stock At Resistance: Short sell Vijaya Bank Future near 55 to 56, Target 51 level, Poor Q3 Results
Vijaya bank has declared its Q3 results on Wednesday and this quarter was a lag for the bank. The Q3 profit of company has declined by 18% to Rs.124 crore against Rs.152 crore in same period last year. Net interest income (NII) declined to Rs.475 crore, major dragger was the NPA (Non performing asset) it stood at Rs.997 crore against Rs.599 crore in the previous year. This was fundamentals, now ... [Continue Reading]
Short SBIN for Intraday Trading: Sell State Bank Of India Near 1900 Target 1870
Intraday trading setup found on state bank of India SBIN charts, Stock has been facing resistance near 1900 level which is 61.8% Fibonacci retracement level. Also another confirmations for this short position is Bank Nifty is also trading near resistance of 9200 level, even there we may see correction of about 300 points. Today Nifty future is trading at psychological level of 5000, some profit ... [Continue Reading]
Nifty Future May Find Resistance at 4800 level January Series, Short Sell Near 4800 Level
Nifty future is in Downtrend and so traders should only look for selling opportunities on every bounce. On charts we have seen that Nifty future has some resistance near 4800 level, as 23.6% Fibonacci retracement level and 200 Days moving Average coincide near 4800 level. So any pull back towards 4800 level must be taken as opportunity to short selling Nifty future of January series. Targets for ... [Continue Reading]
How is SBIN Stock for Intraday Trading Today: Short Sell State Bank Of India at 1885 for Target 1858
How is State bank of India Stock today:Yesterday SBIN has made a new 52 week low at 1855 level, so we bearish in this banking stocks for short term as we believe the near term is more likely to be bearish in this stock for short term view and we would suggest intraday traders to short this stock near 1885 level for intraday targets as 1870 and then 1855 levels, as some strong selling is expected ... [Continue Reading]