Technical Analyst, owner of TRADEMANIAC
Banknifty futures could gap up sharply near 42750. It may face resistance at 42751, 42829. It has support at 42646, and 42463. All important levels are drawn on the chart. Try to take trade near magic box.
Banknifty Intraday chart
Banknifty TV chart
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Bajaj finance Positional Swing trade analysis
Positional Trade :-BAJFINANCE sell below 5845 to 5835
Target 5800, 5760,5700,5600,5540,5400
After selling, you cannot keep a stock overnight. so, one can take this trade in option.
e.g. Buy 1 lot 5700 PE feb expiry - ₹ 117.65
Sell 1 lot 5500PE - ₹ 62.45
Prob. of Profit :-34.5%
Max. Profit:- ₹ +18,100 (70.77%)
Max. Loss:- ₹ -6,900 (-26.98%)
Max. RR Ratio:- 1:2.62
Breakevens:- 0-5644.0
Tradingview TV chart:-click
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**Disclaimer:-I'm not a SEBI registered analyst. The chart is shared only for educational purposes.
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