Yes Bank Time Price Squaring

In Yes Bank Time & Price may get squared in the range of 282-279 range.
This counter is a buy in this zone with very strict SL @ 274 on closing basis. Targets are 289, 308, 323, 337
28thMar is a pressure date for this script.

A close below 274 will bring this script towards 265 - 250 levels.

YesBank Spot Chart

Nifty Spot View 26/03/2018 - 29/03/2018

As posted in our last newsletter, Nifty behaved in the exact manner. Nifty found resistance in our second resistance zone of 10450-10485 and from there we got windfall profits. It was also very clearly stated that a close below 10108 will open the gates for 9870-26, 9724, 9680. Further, a close below 9700 will open the gates for much lower targets.

As of now 9775 to 9724 this zone is an important support and this zone has the potential to give a temporary pause to 'BEARS' .

Major resistance levels are 10050, 10125, 10226, 10327,10475

Major support levels are 9875, 9770-9725, 9628, 9530.

Nearest pressure date is 27-30 Mar'18. We may see volatile movts. around these dates.

Nifty Spot

** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict Sl. Please also read the detailed Disclaimer mentioned in the Right side of Blog.

Follow us on Facebook :  https://www.facebook.com/bullstrading

You can also Follow us on Twitter  :  https://twitter.com/bullstrading

Nifty Spot View ( 12/03/2018 - 16/03/2018 )

In our last post we very clearly stated that a close below 10600 will open the gates for 10000 and the same happened. Nifty found support @  10141.

Nifty may find resistance in the zone of 10350-10363 and the next zone of resistance is 10450-10485.

Only a significant close above 10630 will open the gates for higher targets of  10828, 10890, 10951, 11060, 11171.

Our course of action would be for looking shorting opportunities in the zone of 10350- 10363 with stop-loss @  10380 .

Major resistance levels are 10350-10363 , 10450-85, 10570, 10630-10656.

Major support levels are 10141-10100, 10080, 10033. A close below 10108 will open the gates for 9826, 9724, 9680.

** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict Sl. Please also read the detailed Disclaimer mentioned in the Right side of Blog.

Follow us on Facebook :  https://www.facebook.com/bullstrading

You can also Follow us on Twitter  :  https://twitter.com/bullstrading