Your Channel pattern seems to bit biased and not factual, you have not considered supports for parallel chart pattern. Nifty is still trading within the channel.
Nifty has already achieved its target for the 5th phase of bull run. Now correction phase is going on with targets 185...
@atuljha1 if 21800 levels breaks again, the next target is 20700 and if that level comes recovery will not be possible for at least 2-4 years plus more downside move can also come if the USA tariff war intensifies.
20700 is the last level if the market wants to recover in 2-3 yrs...
Option buying has become more of a gambling, anything is possible nowadays, premiums are not behaving in accordance with their underlying asset, so no suggestions, as for bajaj finance share it is showing weakness in weekly charts, more selling can come from CMP levels for target...
@dbbolla Options are not behaving according to their assets nowadays so , it is better to do intraday trades only if considering option buying, avoid carrying delivery in options to avoid unnecessary decay.
Nifty showed weakness in the last 1 hr before closing on Friday, so gap down opening is possible for 50-80 points but market is HH HL pattern on 15 time frame, so till HL pattern continues buy the dip might play till 22800 resistance is not tested.
@ankitjain108 FII's have monopoly because they have money, India is a developing nation and we need FII's money for our infrastructure development technology acquisition.
Our Share market is not mature like Nasdaq where retail participation is 40-50%. So, manipulation will be t...
@82174 possibility of retracement till 22850-23000 then again selling will continue, sell on rise is the trend. Small bounces will come but share will not recover, its just large cap shares manipulation and rollovers, Nifty 100 and next 50, mid cap, small cap these are the shares...
@navinpm FII'S have more stakes than DII, retailers and govt. combined, you can check any random blue chip large cap shares like ICICI, HDFC,TCS, Infosys.
If govt. put more regulations and policy against FII'S pr general inevestors like the higher capital gains tax they put in r...
@milanraj7 If tariff war between china and USA intensifies, India is also not immune to it and as India is at trade surplus with USA, next target of USA can be India especially Indian IT firms.
It will be a very crucial period to watch on how resilant is Indian domestic economy ...
You must have brought SBIN at 743 with SL at swing lows of 730-715 which has already been broken you should have already exited the trade if you have kept an SL.
Now you are already 6-7 % down from your buying.
The next support for SBI is at 660-638 range 6-8% down from CMP of ...
optiontraderrr replied to Vishnu Sharma 's comment