#Indusindbk New trading idea and option play 1-8 days

 India  name pvt bank INDUSINDBK is looking very hot on charts and at breakout zones

morning taken when it was 970+ now 984, it is expected to move 1000/1017 

Option trade indusindbk 1000ce june taken at 45 now 51 targets 51/55/59/65/77 risk 33

#Reliance Cash& Option Trade & Strategy shortterm mediumterm

 Reliance , we shared view and strategy last week and this week from 1914 zone then at 1925 then at 1955/60 trade given in 1920ce then 1960ce all moved and hit 

https://denimnifty.blogspot.com/2021/05/reliance-and-sbin-option-strategy.html

Now ysday reliance close 1960 what to do how to trade, we have nearby may expiry so not to get trap in calls as positional, use momentum to book intra

Shortterm Option MAY 1980ce in opening may b between 25-32 zone as it will open gap up risk will be 22 target expected 44/47/53 

Medium term Option Reliance JUNE 2000ce 59-65 zone risk 44 for 77/83/85 

Medium term option is next expiry option though rewards will be not big but u get max holding time to avoid premium decay in expiry week 

Reliance Cash spot 1960 buy zone till 1970/72/78 for Gap filling 1983/1988/1996/2007/2018 Cash levels and medium term target 2100 

#HCC Hindustan Construction Co. Stock Idea Investment

 HCC is a penny stock trading at 9.5+ , Its mainly into construction infra business have completed many projects like delhi metro kolkata metro, mumbai pune express highway etc.

Currently it got some order for chennai metro project

Well thats all fundamental , on charts it look at support zone 7-9 and breakout 11+, a low risk or good investment low value at penny stock price below 10 for expected targets of 16/18/23/28/32 cmp 9.5+, 

we can expect atleast target 2and 3 in 1 year medium to longterm good 

Reliance and SBIN option strategy 17may2021 for 1-8 days

 Reliance support at 1900 closed at 937 near 1930-25 add 1960 call 30-25 zone risk 15 for 40/45/55 Reliance can move 1944/1950/1964/1970 

SBI moved last week all our targets it closed 360 will open up add SBIN 360call for result play 13-16 zone risk 10 for 19/20/21/22/24/27/29 

SBIN spot can move 364/366/368/371/374/376 and 382 first above 385 it can move 400/409

#Cardano #ADA CryptoCurrency Investment Idea #btc #dogecoin #denimcryptofever

Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.

CARDANO trading idea suggeted on FB ysday and daybe4 ysday to few friends when it was 140 , yesterday it moved 157/161rs per coin now at 180+ 

https://www.facebook.com/denim.jain.5/posts/1857761987716652

Expected target of CARDANO ADA is 3$/4.8$/6.6$ and 9$ -12$ in 12-15-36 months in INR its 180rs can go upto 800-1000rs+ 

Result Play Drreddy

 Drreddy As given in previous posts this month from 5000 we played till 5400

now it moving in range of 200pt Support is 5065 n 5200 resistance 5400/5495 and 5676

As result is on 14th , it is also listed on NYSE so we can expect result based reaction of 5-10%

5400ce given at 5265 on wed moved till 5330 and 5400ce moved 155-160 to 195 

It can be played for 230/260 target, 

5200ce can go till 330/360/390 +

Risk till 5065/5000 hold 

SBI and Drreddy option strategy 1-5days

Shree Ganesha Namah  

Last post we given SBI near 358 it given 2 times opportunity to trade and moved 10 points 

https://denimnifty.blogspot.com/2021/05/new-stock-idea-sbin-2-10-days.html

What is next , 

SBIN is looking breaking out zones can play in 360ce , yesterday also given it moved 13.4 to 18.6 , today can buy near 363-366 for target of 368/370

option 360ce support n buy zones 13-16 targets 18/19/20.4/21.8/23.8 

This option is expected to move step wise short-term every day from dips will see buying interest 

Sup is near 348 zone weak below 340/350

Drreddy last time we given on fb for target of 5250/5300/5400 it hit ,

Now result is on 14may a bullish setup is seen can trade in 5400ce buy zone till 5265 156-170 zone for 200/230/250

if anyone wish to trade in 5300ce its 180-200zone expected target 5400/5500/5600 spot zone from 5265 and option targets 260/290/330/360 

Risk in drreddy is below 5065 

Expiry day 12 may 2021- Option strategy

 Nifty Banknifty expiry day 12 May 2021 Strategy 

From last few days nifty bank nifty moving in channel and in range, every dip is showing strength

What we can do,

My strategy is buy on dips near 14800/14780  12 may option 14800 ce for target of 14840/14880 and 14901 and 14960

2nd strategy if we open near 14840 strategy is buy 14900ce ( next expiry 20may) for target of 14901/14960

Today is high possibility to move towards 14960 

Market Outlook 11may2021- Stocks to trade

 Nifty from last 2 months making rangebound moves and shy at 15000,

Coming week we have early weekly expiry day due to holiday on 13th may 

Today due to metal index and IT index at Nasdaq global market week sgxnifty is showing 14780,

As per charts one support at 14800/14770/14733 

Buying on dips near 14770 for target 14850/930/15000 preferably in near by option or next week option 14800/900ce

Sectors = Metal and IT will be weak for the day

                 Bank Pharma bullish for week on dips

Stocks- SBI use dips to add for 366/371/376

            LNT near 1380-77 for 1400/1414 risk 1%

Litecoin LTCUSD /LTCINR chart shared when it was 322$on 4may now 398$ what next

Litecoin LTCUSD /LTCINR chart shared when it was 322$on 4may now 398$ what next

on 4may shared on fb 

 

Now it hitting 398$ first target

Next is 450$ 600$ 900$ INR from 22k moved 29k next 33k 39k 55k 69k 73k 

1-4 Days Option LT (May 2021)

 LT is near 1360 , adding 1360ce 40 risk 33 for 44/47/52

Spot level 1365 to watch for 1378/1385 sup 1350 

New Stock Idea - SBIN 2-10 Days

 SBI INDIA'S LARGET PSU BANK , 

We played SBIN from 180-200 levels to 400+ Now we saw it had done correction of almost 3-4 months Last top was on 18th Feb my bday , 427.7 and recent low on 19th april 321.3

Coming week we see a bullish pattern in SBIN , from low it came up but not cross the last top 364.5, 371.9

As recent structure is bullish with support at 354/ 348 a Buy for longside target of 362.9/ on crossing this 364.5/366.7 next level to watch, its slow and steady mover  above 367 level it will attempt 371.9 and 376 

Why many levels imp as this heavy weight stock attempt target as per level and those level act sup or res for 1 hr 1 day ,  As one by one targets achieved TSL can b shift or can be played multiple time by booking at res and adding on dip or crossing level

For NEXT week - SUP 348-354- 357            Target 362.9-364.5-366.9-371.9-376 

SBI option 360ce in range of 12-15 risk 8 for 17/19/22.7