October 2020
|
intraday |
|
DATE |
13-Oct-20 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
11927 |
11897/67/37/07 |
11957 |
|
long |
11957 |
11987/12017/47 |
11927 |
|
|
bank nifty spot |
short |
23770 |
23670/570/470/370/270 |
23870 |
|
long |
23870 |
23970/24070/170 |
23770 |
|
|
NIFTY 500 |
short |
9765 |
x |
9806 |
|
long |
9806 |
x |
9765 |
|
|
RELIANCE |
short |
2237 |
2229/21/13/05/2197 |
2245 |
|
long |
2245 |
2253/61/69/77 |
2237 |
|
|
NIFTY IT |
short |
22200 |
x |
22280 |
|
long |
22280 |
x |
22200 |
PRIVATE BANKS ON THE RAMPAGE – LIFT NIFTY TANTALISINGLY CLOSE TO ALL TIME HIGH . . .
Trading levels 12th / 16th October 2020
Banks continued to climb higher whole of last week reaching a srescendo on Friday on the back of some favourable announcement from RBI. Further non recognition of NPAs due to moratorium has anyway lifted the banking bull’s spirits.
RELAINCE did its bit by absorbibg the impact of Trump’s tweet by flaring up over 100 points on Wednesday – ensuring the downside was nullified completely.
I am seeing big divergences on daily and weekly NIFTY charts and I only hope the history does not repeat by giving a very vicious correction which looks apparent.
Saving grace for bulls is DXY ( dollar index ) which has moved to 93 from 94.5 10 / 12 days ago.
Gap left on 7th around 10760 may be the first one to get filled and then lower levels shud come. I AMAY BE ODD MAN OUT CALLING FOR SOME CORRECTION AS EVERYONE SEEMS TO BE WAITING FOR NEW ALL TIME HIGH.
I am giving below my weekly indices levels which u can use to take weekly positions in options and specific stocks looking at sector index.
Indices weekly levels
|
position trading |
weekly |
DATE |
12th / 16th october 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
cnx nifty |
short |
11912 |
11784/656/528/400 |
12040 |
|
|
long |
12040 |
12168/296 |
11912 |
|
BSE SENSEX |
short |
40600 |
40200/39800/400/39000 |
41000 |
|
|
long |
41000 |
41400/800 |
40600 |
|
bank nifty |
short |
23960 |
23670/380/090/22900 |
24250 |
|
|
long |
24250 |
24540/830/ |
23960 |
|
cnx IT |
short |
21580 |
21360/140/20920/700 |
21800 |
|
|
long |
21800 |
22020/240 |
21580 |
|
NIFTY 500 |
short |
9715 |
x |
9800 |
|
|
long |
9800 |
x |
9715 |
|
CNX AUTO |
short |
8200 |
x |
8260 |
|
long |
8260 |
x |
8200 |
|
|
BSE CAPITAL GOODS |
short |
13840 |
x |
14020 |
|
long |
14020 |
x |
13840 |
|
|
CNX ENERGY |
short |
14950 |
x |
15100 |
|
long |
15100 |
x |
14950 |
|
|
CNX FMCG |
short |
30000 |
x |
30300 |
|
long |
30300 |
x |
30000 |
|
|
CNX INFRA |
short |
3123 |
x |
3163 |
|
long |
3163 |
x |
3123 |
|
|
CNX METAL |
short |
2275 |
x |
2300 |
|
long |
2300 |
x |
2275 |
|
|
NIFTY MID100 |
short |
17220 |
x |
17330 |
|
long |
17330 |
x |
17220 |
|
|
CNX PHARMA |
short |
12050 |
x |
12150 |
|
long |
12150 |
x |
12050 |
|
|
cnx pvt banks |
short |
13310 |
x |
13470 |
|
long |
13470 |
x |
13310 |
|
|
CNX PSU BANKS |
short |
1323 |
x |
1345 |
|
long |
1345 |
x |
1323 |
|
|
CNX REALTY |
short |
215 |
x |
217.5 |
|
long |
217.5 |
x |
215 |
|
|
NIFTY SMALLCAP100 |
short |
5940 |
x |
6030 |
|
long |
6030 |
x |
5940 |
|
intraday |
|
DATE |
12-Oct-20 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
NIFTY SPOT |
short |
11971 |
11951/31/11/891 |
11991 |
|
long |
11991 |
12011/31/51 |
11971 |
|
|
bank nifty spot |
short |
23850 |
23750/650/550 |
23950 |
|
long |
23950 |
24050/150/250 |
23850 |
|
|
NIFTY 500 |
short |
9768 |
x |
9806 |
|
long |
9806 |
x |
9768 |
|
|
RELIANCE |
short |
2233 |
2225/17/09/01 |
2241 |
|
long |
2241 |
2249/57/65 |
2233 |
|
|
NIFTY IT |
short |
21840 |
x |
21910 |
|
long |
21980 |
x |
21910 |
|
POSN TRADING |
weekly |
DATE |
12th / 16th october 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
11912 |
11784/656/528/400 |
12040 |
|
|
long |
12040 |
12168/296 |
11912 |
|
BSE SENSEX |
short |
40600 |
40200/39800/400/39000 |
41000 |
|
|
long |
41000 |
41400/800 |
40600 |
|
bank nifty |
short |
23960 |
23670/380/090/22900 |
24250 |
|
|
long |
24250 |
24540/830/ |
23960 |
|
cnx IT |
short |
21580 |
21360/140/20920/700 |
21800 |
|
|
long |
21800 |
22020/240 |
21580 |
|
RELIANCE |
Short |
2250 |
X |
2272 |
|
long |
2272 |
X |
2250 |
|
|
POSN TRADING |
weekly |
DATE |
12th / 16th october 2020 |
|
|
stocks / indices |
go |
entry |
Target |
Stoploss |
|
ALWAYS PREFER TRADES IN THE DIRECTION OF NIFTY |
||||
|
cnx nifty |
short |
11912 |
11784/656/528/400 |
12040 |
|
|
long |
12040 |
12168/296 |
11912 |
|
BSE SENSEX |
short |
40600 |
40200/39800/400/39000 |
41000 |
|
|
long |
41000 |
41400/800 |
40600 |
|
bank nifty |
short |
23960 |
23670/380/090/22900 |
24250 |
|
|
long |
24250 |
24540/830/ |
23960 |
|
cnx IT |
short |
21580 |
21360/140/20920/700 |
21800 |
|
|
long |
21800 |
22020/240 |
21580 |
|
RELIANCE |
Short |
2250 |
X |
2272 |
|
long |
2272 |
X |
2250 |
|
