Wednesday, June 20, 2018

BANKNIFTY & YESBANK OPTION CALLS FOR 21 JUN 2018

"BUY BANKNIFTY 28 JUN 26700 CALL @ 160 TGT 190/240 SL 80"
"BUY YESBANK 340 CALL @ 4 TGT 5.8/7.7"
Bulls are back on the driver seat. In Wednesday’s trading session nifty snapped two-day losing streak led by gains Reliance Industries and banking stocks.  The nifty future has started from 10725 made a high of 10796 and low of 10725 & finally closed at 10788 up by 68 points.
Nifty has held its short-term support level at 20-DMA. Apart from this, it has ensured that there is no breakdown on the daily charts and the index continued to remain in a broad symmetrical triangle pattern. Going ahead, we expect this Nifty pullback to continue. On the upside, the index is likely to face resistance in the 10825 -10875 zone. Any decisive breakout above it will give Nifty further strength towards 10925  -10975 levels. On the downside, an intraday support is placed around the 10700 level and its violation will cause weakness towards 10675 and 10650 levels.
More about intraday tips on Google +
Resistance: 10825, 10870, 10900
Support: 10700, 10675, 10650

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