DLF turning bullish on daily chart, major support at 180.00 Above 188, it can touch 200--205 and then to 220--230. Looks weak below 180.00. Bull Call Spread - On December Series +1x 31DEC2020 190CE - ₹ 9.35 -1x 31DEC2020 220CE - ₹ 2.55 Max. Profit - ₹ +76,560 Max. Loss - ₹ -22,440 Max. RR Ratio - 1:3.41 Breakevens - 197.0 Estimated Margin/Premium...
Nifty trading in upward rising channel, now upside target seems to be 13200--13250. Trading Strategy for "Nifty" will be. +1x 31DEC2020 Futures - around ₹ 13000 +1x 31DEC2020 13000PE - ₹ 280--270. Max. Loss - ₹ -21,000 Estimated Margin/Premium ₹ +40,000
ICICI turned super bullish from this point as RSI taking support at 60.00. Bullish Harami Candle forming on daily chart, break and sustain above 480.00 will take it to 520 and then to 530--550 We can enter ICICI Bank with Bull Call Spread. Bull Call Spread on ICICI Bank +1x 31DEC2020 480CE - ₹ 23.65 -1x 31DEC2020 530CE - ₹ 7.25 Max. Profit - ₹...
Bull Call Spread on Divis Lab NSE:DIVISLAB +1x 31DEC2020 3750CE - ₹ 105-110 -1x 31DEC2020 4100CE - ₹ 19-23 Max. Profit - - ₹ +52,200 Max. Loss ₹ -17,800 Max. RR Ratio - 1:2.93 Breakevens - 3839.0 Estimated Margin/Premium - ₹ +26,057
Cipla has given breakout above Symmetrical Triangle. Expecting a move till 860--900. Bull Call Spread on Cipla +1x 31DEC2020 800CE - ₹ 18--20 -1x 31DEC2020 860CE - ₹ 5.00-6.00 Max. Profit - ₹ +60,320 Max. Loss ₹ -17,680 Max. RR Ratio 1:3.41 Breakevens - 814.0 Estimated Margin/Premium - ₹ +35,804
Concor looks positive above 423.00. For the upside targets of 480--500. Looks week only below 390.00. We'll initiate favourite strategy - Bull Call Spread. Bull Call Spread on #CONCOR +1x 31DEC2020 430CE - ₹ 15.9 -1x 31DEC2020 480CE - ₹ 4.5 Max. Profit - ₹ +48,250 Max. Loss - ₹ -14,250 Max. RR Ratio - 1:3.40 Breakeven - 442.00 Estimated...
Breakout on Torrent Symmetrical Triangle Above 330 , it can touch 350--360 and then 370++ mark. Immediate Support at 310. Trading Strategy with Bull Call Spread. +1x 31DEC2020 330CE - ₹ 12.9 -1x 31DEC2020 360CE - ₹ 4.35 Max. Profit ₹ +64,350 Max. Loss ₹ -25,650 Max. RR Ratio - 1:2.51 Breakevens - 339.0 Estimated Margin/Premium - ₹ +34,067
Bajaj Auto on the verge of breakout, Above 3160, it can touch 3250--3300 and then to 3400++ in days to come. Stop loss below 3040.00
Maruti has broken its symmetrical triangle on the upper side expecting a target of of 8000-8200 in the month of December. Bull Call Spread on Maruti +1x 31DEC2020 7200CE - ₹ 303.5 -1x 31DEC2020 8000CE - ₹ 72.25 Max. Profit - ₹ +56,875 Max. Loss - ₹ -23,125 Max. RR Ratio - 1:2.45 Breakeven - 7432 Estimated Margin/Premium - ₹23,000-- ₹25,000