An increase in US Dollar liquidity by group of major Central Banks, has given very good surprise by reducing over night swap rates of USD by 50 bps. This has led all the stock markets across the globe bounce, and was responsible for this risk aversion rally in all risky assets. We are of view that this rally is short lived and bears will return in control very soon. Yesterday there were many ... [Continue Reading]
Short Selling Opportunity in ICICI Bank, Stock has Resistance near 760 Zone
In the recent down fall, ICICI Bank has given a negative breakout and stock has underperformed Nifty futures. This downside breakout below 765 support level (50% Fibonacci retracement level), is now turned into resistance and any move towards that level must trigger strong selling in ICICI Bank stock. So trading in the direction of the daily trend we advice to go short on ICICI Bank December ... [Continue Reading]
RELIANCE Stock for Short Term Trading: Short Sell Reliance Ind November Futures at 885 for Target 863
Reliance industries for short term trading: Reliance industries didn't perform well in last 1.5 years as it was struck in range, a negative breakout on the stock below 888 was confirmed on 17 June 2011 since then the stock has entered bearish zone and every pullback was considered as selling opportunity. We have discovered a trade setup on weekly chart that stock was facing some resistance near ... [Continue Reading]
Stock Option Trading: Buy DLF 220 Put Option at 4.15 for Target 9.5, Stock has Resistance at 244.
DLF has bounced off after touching 179 level recently, but this bounce is limited up to its next strong resistance at 244 level, So short positions can be initiated in DLF just near 242 level for targets as 229 and then 224 levels on positional basis. High risk traders can even buy some DLF put options of 220 strike price near 4.15 for targets as 9.5 and then 16 level also on 7 days positional ... [Continue Reading]
Nifty Futures Facing Resistance near 5180 Zone, Buy Nifty 5100 Put Option for September Series Target 106
Nifty futures is trading near its strong resistance level of 5180, we are expecting some major selling in this area, this selling should pull nifty futures down to 5070 level and then 5000 level. So traders should take this resistance level as selling zone, and fresh short positions should be initiated right near 5170 level in nifty futures. This positions can also be taken by going long on Nifty ... [Continue Reading]
