Get started

1-BUY

Nifty: At crucial juncture & trading strategyNifty - RBI policy is out - Repo rate increased by 0.5% A not so good News but has the bad news been factored in. Only time will tell Let us look at the charts and see if we can get some cues to trade On weekly charts Nifty closed at 16356 on 27 May I consider that level as important because it was a weekly close and at the same time next week opened with a big gap up. If Nifty holds on to these levels then it would mean that Nifty came down just to fill the gap and possibly known bad news is factored in. Coming to Data Analysis Put Call Ratio is at 0.69 (which reflects oversold condition and also tendency for retail participants to change their trading behavior) Last time I was not so bullish, now Given the chart set up and data points, I am not so bearish from here on. My trading strategy gives me a profit yield potential of 7.5% on Margin requirement as well as gives me protection for a fall up to 15690 till 30 June expiry giving me ample scope to adjust / exit with minimum damage, if my view gets invalidated. For Directional trade... Momentum on the upside might come in above 16415 On the downside I would be skeptical if Nifty closing is below 16255 as below that doors could open up for further fall up to 15900. To trade with me do hit the Like button & Follow me Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYLong
by indiamarketoutlook
BHEL: Moving Average Play Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle. - stock is trading above 20 day EMA and - today has managed to closed above it's 50 day EMA Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05) Closing above that could open doors for further up movement towards 58.2 / 61.50 __________________________________________________________________________ F&O trading strategy Given the set up, One may consider to sell 30 June expiry 50 Put option __________________________________________________________________________ SL for Equity as well as F&O trade: if BHEL closes below 50 on daily charts Set up provides good Risk::Reward ratio to go long Take care & safe trading...!!! Like, Follow for more such trading ideas Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BHELLong
by indiamarketoutlook
Nifty: Moving Averages playTill the time Nifty is above 20 day EMA, it has a strong possibility to test 200 day EMA and possibly even 17000 odd levels Strategy Consider to sell Nifty 02 June expiry 16400 Put option Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYLong
by indiamarketoutlook