Stock, Index future or stock future trade having a target range of 2 to 7 days is called as short term positional trade. Positional trade can be done in stocks, stock future, stock option, index future, index options etc. Here suggestions are updated in equity and derivative segment for short term trader. BTST, STBT calls are also updated on daily basis with stop loss and target. We research EOD data, economic news and give suggestion on Stocks which comes under derivative segment(liquid stock) only and not in any penny stocks. Technical trader can use this data for study purpose. Use stop loss and trailing stop loss to avoid loss. Before using tips go through our disclaimer.
Nifty Positional trend- Nifty EOD chart shows Nifty is near 50% in Fibonacci retracement, indicating down trend. Weekly chart pattern indicating Nfty to fall up to 9706. If today Nifty breaks 9800 level then it may retest 9775.
Bank Nifty Positional trend-- Fibonacci retracement showing Bank nifty has retraced 50% indicating trend reversal to negative. Weekly chart showing bearish trend upto 23718. So today expect Bank Nifty to move down upto 24000 level. If fails to sustain above 24000 level then Bank nifty may retest 23897.