General Trading Chat

[TraderRavi]

tomorrow friday , may be 8450 or 8400 , one has to break
axisbank last Q result ke baad gapdown hua tha , CMP 483

 

[STRATEGICINVESTMENTS]

IMP data to share with traderji friends.

Maximum volume is at 19000 and cmp is around 19150. Divergence... am I correct or missing something?

Kindly check the circled options volume. Because of this I have bought 25th Jan puts.

 

[STRATEGICINVESTMENTS]

Forgot to mention that the above data is for 25th Jan expiry options banknifty.

 

[traderniftybull]

Is chaart ko dekh kar bhi lag raha hai ki market uppar jayega ?

Probability is very less of crossing the resistance in single jump. Line of least resistance is now downside. My opinion.

Bhai
Market has its own way to cross a rigid level

 

[traderniftybull]

NF and BNF
Both gap up open, tomorrow
May be a big one in BNF

Likely, around/above 19222 and 8455

 

[STRATEGICINVESTMENTS]

Bhai
Market has its own way to cross a rigid level

I accpet. and the common way is to open GAP UP or DOWN to cross the resistance or support.

lekin position toh leni hi padegi bcz of our analysis otherwise what is the use of doing analysis and updating chart? Lets see kya hota hai.

BTW option data ki mistake mujhe samajh aa gayi hai. BTW I have taken position due to my charts not because of ooptions data. Woh baad mein change ho jata hai. and I dont follow it much.

Regards

 

[STRATEGICINVESTMENTS]

NF and BNF
Both gap up open, tomorrow
May be a big one in BNF

Likely, around/above 19222 and 8455

BANKNIFTY resistance in futures toh 19240 se 19300 hi hai. Iske upar gapup opening ka fayda hai bulls ko.

and NIFTY mein resistance hai 8450 se 8470

 

[traderniftybull]

BANKNIFTY resistance in futures toh 19240 se 19300 hi hai. Iske upar gapup opening ka fayda hai bulls ko.

and NIFTY mein resistance hai 8450 se 8470

Yes, there are multiple ones.
But NF or BNF can not cross these in a single big gap up. Moreover NF 8444/8450 and BNF around 19200/216, are rigid ones.
So let indices crosses these first.

BTW, I wont mind, if market gave a big jump to cross above 19300 and 8470 :lol:

 

[headstrong007]

Axis if stays below 475, can go to 465 quickly..

 

[traderniftybull]

Axis Bank Q3 disappoints, profit tanks 73%; margin contracts

Axis Bank, the country's third largest private sector lender, disappointed analysts with its December quarter earnings on Thursday. Profit plunged sharply by 73.3 percent year-on-year to Rs Rs 579.6 crore.

Read more at: http://www.moneycontrol.com/news/re...contracts_8304161.html?utm_source=ref_article