]MARUTI : 6762.50.[/b
Candle pattern: Possibility of ]EVENING DOJI STAR[/b (Bearish)
Indicators: ADX, RSI, W%R & some other Indicators are OverBought.
Volume: Much Below 20 day AVG. & -12.44% compare to Prev. day.
WAVE Count: Today Already achieved 2.272 Fib. Retracement (WAVE - 5)
GAP: Bullish GAP formed on 02 May 2017 (@ 6589.90 to @ 6618)
DERIVATIVE: Spot: 6762.5 Future: 6756.0 Discount: 6.5'
PCR: Current: 1.05 Previous: 1.07 Change: -1.869%
INTRADAY Levels:
Resistance: @ 6798, @ 6825 - @ 6844 (Hurdle Zone), @ 6882
Support: @ 6712, @ 6685 - @ 6665 (Bounce Zone), @ 6614
Positional Swing Levels:
Resistance: @ 6912, @ 6955 (STRONG), @ 7070
Support: @ 6597, @ 6554 (Strong), @ 6440
CONCLUSION for TRADE:
In CASH: SELL ON RALLY.
In DERIVATIVE:
#1 SHORT FUT with LONG Call Option. (For HEDGE)
#2 Long ITM PE + Short Nearer OTM PE
Candle pattern: Possibility of ]EVENING DOJI STAR[/b (Bearish)
Indicators: ADX, RSI, W%R & some other Indicators are OverBought.
Volume: Much Below 20 day AVG. & -12.44% compare to Prev. day.
WAVE Count: Today Already achieved 2.272 Fib. Retracement (WAVE - 5)
GAP: Bullish GAP formed on 02 May 2017 (@ 6589.90 to @ 6618)
DERIVATIVE: Spot: 6762.5 Future: 6756.0 Discount: 6.5'
PCR: Current: 1.05 Previous: 1.07 Change: -1.869%
INTRADAY Levels:
Resistance: @ 6798, @ 6825 - @ 6844 (Hurdle Zone), @ 6882
Support: @ 6712, @ 6685 - @ 6665 (Bounce Zone), @ 6614
Positional Swing Levels:
Resistance: @ 6912, @ 6955 (STRONG), @ 7070
Support: @ 6597, @ 6554 (Strong), @ 6440
CONCLUSION for TRADE:
In CASH: SELL ON RALLY.
In DERIVATIVE:
#1 SHORT FUT with LONG Call Option. (For HEDGE)
#2 Long ITM PE + Short Nearer OTM PE
MADE A HIGH @ 6798.
Mentioned 1st RES. @ 6798.