Have you observed how bank nifty respected the magical level of 42272.90 today, it has been respecting it continuously either as support or resistance.
Bank Nifty will remain equally volatile & undecisive till it is between the range of 43578-41597
Levels Above - 42637-695, 43019-137, 43510-614
Levels Below - 42272, 41861-964, 41596-697, 41320-363, 41051-223
Nifty has formed a Bearish Harami pattern on Daily time frame, if it breaks todays low 18063, 150 pts down move is clearly expected with in a day or two.
Nifty Levels Above - 18161-183, 18238-250, 18300-318
Nifty Levels Below - 18038-052, 17926-948, 18876-853, 17778-764
Nifty will behave similarly volatile till it remains between 18265-17747
The option market is always dominated by the writers, either the call writers or the put writers.
Understanding Writing an Option
Traders write an option by creating a new option contract that sells someone the right to buy or sell a stock at a specific price (strike price) on a specific date (expiration date). In other words, the writer of the option can be...
NSE:MAANALU
MAAN ALUMINIUM is a fairly established company mainly dealing in the manufacturing of aluminum products. Exclusive dealer of Aluminium ingots and Billets for Hindalco Industries Ltd. for North and South India. They also deal in scrap trading.
ROE/ ROCE are good at more than ~20%
Promoter holding profile is good with no pledging
Debt to equity ratio...
Price is facing difficulty to go beyond 7250-7300 levels since December. Looking at the option chain 7200 CE for 25 jan expiry has highest open interest, trading at a premium of 140. 7350 becomes an important level from the option chain perspective as well. Overall this will tell you the behaviour of stock at various levels.
Honeywell Auto is near a 14 year old trendline. It is a log chart.
It has a tendency to trade in flag patterns. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now.
Therefore it will be interesting to see how everything plays...
Nifty has a trend line resistance and a higher timeframe supply nearby.
Aggressive entry will be shorting at 18200 with a stop loss of 60 points i.e., 18260
Another reason for shorting is Nifty gave an up move of almost 240 points and I'm expecting a correction at this point.
Even if it takes stop losses can try to enter the trade once it gives downside...
Nifty has given breakout from the descending triangle by giving a bullish Higher Low / W formation. Owing to the global cues today, Nifty might open flat or slight gap down but that doesnt mean it has become bearish.
There is a possibility that it might take a retracement to retest the trendline again and that can be the possible region between 18010-18050....
My personal important setup for Intraday levels trading explained below.
If price is trading above this time frames it will act as support, if price is trading below to this levels then it will act as resistance. Every day the levels will change for Intraday.
Blue - 1 hr time frame (Support or Resistance)
Black - 30 min time frame ( Support or Resistance)...
Hello
It's a Bitcoin guide.
I'm posting an analysis after a long time because of circumstances.
I prepared hard.
I hope this helps you when trading.
This is a one-way long position strategy on the Bitcoin 30-minute chart.
If you are not already entry
If you touch the red resistance line first, it would be nice to hold the stop loss and try the...
•Good Evening Friends!
•For Buying (Buying CE) Or Shorting PE
We Can TRADE On Our Money Management And Risk Management When Market OPENS Flat And Then CROSS The Level Of 42550
•For Selling (Buying PE) Or Shorting CE
We Can TRADE On Our Money Management And Risk Management When Create A BEARISH Price Action Below The Level Of 42400
•Gap Up Opening:- We Can...
PIDILITIND near a 12 year old trendline. Price has been consolidating in the range of 2200 to 2600 around the trend line now for almost 2 years. Usually long consolidations lead to short strong trends. Hence it is at a important positions to study business from various other perspectives including fundamental analysis and cycle analysis.
Pivot Levels For Banknifty Trading
Support Zones
Frist Support Level For Buying - 41921 - 41951
Second Support Level For Buying - 41645 - 41690
Third Support Level For Buying - 41365 - 41395
Resistance Zones
First Resistance Level For Selling - 42360 -42390
Second...
