Swing Trade Ideas

 As this whole month market kept falling , well this can be opportunity to long few strong stocks on retracement !!

Presenting here few charts, with good structure , stocks which made new highs and are now on good supports accompanying Divergence.

1) Bank Of Baroda :

After making Yearly high of 899 in Jan 2013, its falling n now @ support level with CCI & Stochastic Divergence.
Buy above 740, Stop 720, Target 770 - 800.

2) Andhra Bank :

Andhra Bank did cross falling Trend line, however failed to make New high.
From 2011, 85-90 level acted as demand level.
Buy Above 97, Stop 94, Target 105+

3) Sobha Developers :

I did Post Sobha Developer earlier when it gave Breakout  HERE.
From level of 420, it made high of 473 and now its facing support.
Earlier stop is still intact, so one can try long Above today's High with 370-365 as Stop.



Tomorrow is Big day for market, Union Budget and Expiry Day !!
Sure, there will be lot of volatility.


For past few years Average Range on Budget Day is nearly 200 points in Nifty.
So better strategy for Budget day is to be Buyer on deep OTM options, gain or loose all type. (Lottery !! )
Be cautious with ATM options , as Volatility drop may deteriorate value very fast.

Trade Wisely or Stay on Sidelines !!