Positional Future & Option Calls/BANK NIFTY Update/15th November 2017

V-GUARD INDUSTRIES

V-Guard Industries is looking superb in charts and seems to be heading for a breakout to form new highs after a period of consolidation as we can see a rounding bottom pattern being formed in candlestick chart.Consecutive closes above its crucial resistance level of 230 and if not negatively breached will make a case for a upside move and we a see a bull run ahead.RSI of 66.64 also suggest that stock may enter into overbought territory and we may see sharp rise in volume to push stock in upward trend.MACD with a positive divergence of 0.55 also suggest that upward trend is about to start if market improves and we will see new highs in stocks.

Buy V-Guard Industries(Future) around 230 Target 240--250+ Stop Loss 224 Lot Size 3000

OR

Buy V-Guard Industries 235 CE 30 NOV 2017 (Option)  around 7 Target 12--15+ Stop Loss  4 Lot Size 3000

OR

Buy V-Guard Industries 240 CE 30 NOV 2017 (Option)  around 5 Target 10--12+ Stop Loss  2 Lot Size 3000

BPCL LTD

BPCL looks to be holding its crucial levels and and trying to form base for some respite from the downside trend since 550 was not sustained.We may see stock try to consolidate to hold its important support level of 490 as lower support zones are around 470 which if not sustained will create further downside panic.Support levels for BPCL are around 500--490 whereas Resistance levels for it are in the zone of 525--540.

Buy BPCL (Future): Around 507 Target 525--540 Stop Loss 498 Lot Size 1800

OR

Buy BPCL 510 CE 30 NOV 2017(Option) Around 12 Target 20+ Stop Loss 7 Lot Size 1800

Century Textile

Century Textile is looking extremely weak on charts and one may see more downside pressure if immediate support level of 1270 is not sustained and we may see further downside panic as next lower support at 1250--1220.

Sell  Century Textile (Future) Below 1275 Target 1250--1225 Stop Loss 1310 Lot Size 550

OR

Buy Century Textile 1280 PE 30 NOV 2017 (Option) Around 25 Target 50+ Stop Loss 15 Lot Size 550.

BANK NIFTY

Bank Nifty is looking weak on charts and trying to consolidate and hold its immediate crucial support levels of 25150 which if not sustained and negatively sustained will see more downside panic as lower support zones levels around (25000--24850).Nifty has immediate Resistance around 25400.Upside resistance zone around 25700.Support zones are around 25000--24850 whereas resistance zones are around 25400--25700.TRADE WITH CAUTION AND TRADE ACCORDING TO RANGE.(EXPECTING A BOUNCE BACK IN NIFTY AND BANK NIFTY)

MORE WILL UPDATE SOON!!