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08 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart Details Index: Nifty Bank Index Date: October 7, 2024 Time Frames: Daily (1D) Weekly (1W) Monthly (1M) 5-Minute (5M) 2. Support and Resistance Levels for Next Trading Day Support 50,194.30 Resistance 51,462.05 3. Expected Market Scenario for Next Trading Day Opening Likely gap down due to recent bearish momentum. Market Behavior Start bearish and then range-bound. Timing Initial bearish movement in the first hour, followed by consolidation. 4. Options Strategies for Next Trading Day Strike Price Strategy Rationale 50,500 (ATM) Buy CALL Potential for a bounce if support holds. 50,200 (ITM) Buy PUT Hedge against further downside risk. 51,000 (OTM) Sell CALL If expecting range-bound behavior, collect premium. 5a. Calendar Spread Strategy 50,500 (Daily) Daily Capture short-term volatility. 50,200 (Weekly) Weekly Benefit from time decay on the short leg. 50,000 (Monthly) Monthly Longer-term position to hedge against larger moves. 5b. Daily, Weekly, and Monthly Trends Daily Bearish Weekly Bearish Monthly Bullish (but recent bearish pressure) 6. Trading Recommendations for ATM, ITM, and OTM ATM Trade Early session (9:15 AM - 10:30 AM) ITM Trade Mid-session (10:30 AM - 1:00 PM) OTM Don't Trade Late session (1:00 PM onwards) Summary Next Trading Day: Expect a gap down opening, with potential for a bearish start followed by a range-bound market. Strategies: Focus on ATM and ITM options for potential trades, while considering a calendar spread for hedging. Trends: Daily and weekly trends are bearish, while the monthly trend shows some bullish potential but is under pressure. This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions.
NSE:BANKNIFTY
by JayeshBoradia
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
2
Bitcoin Swing Long Update - Bitcoin is currently trading at 62,777$ - Bitcoin followed my path and filled the Fair Value Gap - Bitcoin didn't shift its Market Structure as well and we are still Bullish unless we see a weekly close below 57,500$ - Bitcoin can easily shoot up to 64,000$ first and then we might see a small retracement that can induce BTC a little and post that we might see Bitcoin mitigating 69,000$ soon - On the other side, we have a War ongoing and the Economic Data also came in good for the US so the flows into USD increased and this also led to the DXY pumping hard - However, at the same time US Indexes jumped as well so this week will be very important for the overall market and how the war unfolds.
BITSTAMP:BTCUSDLong
by VKtradesimbalance
NIFTY - Correction percentagesI have tried to capture percentage of correction happened in NIFTY from the year 2017. We can see max correction 38% we have seen is during the covid period. Apart from this we have never seen a correction of more than 17%. Right now the NIFTY has corrected around 4.5% from the level of 26000. Conclusion - Even though though correction happens still NIFTY is rising above and above after every correction. Focus on long term not short term. This is a good time to buy good fundamental stocks at dip.
NSE:NIFTYLong
by alamcet
Stock Watch: Authum Invest & Infra LtdHey everyone! 🚀 Authum Invest & Infra Ltd. is showing signs of strength by forming a basing pattern, which often sets the stage for a potential breakout. Despite the Nifty falling 5%, this stock has stayed firm, holding its ground, which could be a strong bullish signal! Here's why this stock is worth keeping an eye on: 1) Basing pattern – A sign of accumulation before a potential upward move. 2) Resilience against market downturn – Holding steady despite the broader market correction. I'll be keeping a close watch for any breakout opportunities, and you might want to keep this on your radar too! 🔍 #StockMarket #AuthumInvest #BreakoutWatch #InvestmentOpportunity #MarketStrength
NSE:AIILLong
by TechnoTrader10
07 Oct 2024, Bank Nifty Predictions (Next Trading Day)1. Index Chart Details Index: Nifty Bank Index Date: October 4, 2024 Time Frames: Monthly (1M) Weekly (1W) Daily (1D) 5-Minute (5M) 2. Support and Resistance Levels for Next Trading Day Support Levels: 1st Support: 51,500 2nd Support: 51,200 Resistance Levels: 1st Resistance: 51,800 2nd Resistance: 52,000 3. Market Scenario for Next Trading Day Expected Opening Slight Gap Down 9:15 AM Market Trend Bearish to Range-bound Morning Session Afternoon Trend Potentially Range-bound or slight recovery Afternoon 4. Options Strategies for Next Trading Day Recommended Strategies: Bull Put Spread: Sell 51,500 Put, Buy 51,300 Put (if market shows signs of recovery). Bear Call Spread: Sell 52,000 Call, Buy 52,200 Call (if market remains bearish). 5a. Calendar Spread Strategy Strikes for Calendar Spread: Daily: Sell 51,800 Call, Buy 51,800 Call (next expiry). Weekly: Sell 51,600 Call, Buy 51,600 Call (next weekly expiry). Monthly: Sell 52,000 Call, Buy 52,000 Call (next monthly expiry). 5b. Daily, Weekly, and Monthly Trends Time Frame Trend Direction Key Observations Daily Bearish Recent bearish candle, potential support at 51,500. Weekly Bearish Weekly close below previous support levels. Monthly Bullish Overall bullish trend, but recent pullback. 6. Trading Recommendations for ATM, ITM, OTM ATM Trade Morning Session ITM Don't Trade All Day OTM Better Not to Trade All Day Summary The market is expected to open slightly down, with a bearish trend likely to continue into the morning session. Options strategies should focus on spreads to manage risk effectively. The calendar spread can be utilized for potential profitability across different expirations. This analysis is based solely on the chart readings and does not account for external market conditions. Always consider your risk tolerance and market dynamics before making trading decisions. Disclaimer : Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:BANKNIFTY
by JayeshBoradia
CRUDEOIL TREND REVERSAL ( DOUBLE BOTTOM ) The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern: Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separated by a peak (middle peak). First Bottom: This forms after a prolonged price decline, marking the lowest point of the current downtrend. Middle Peak: The price then rises, forming a peak before declining again. Second Bottom: The price falls again to a level similar to the first bottom, indicating a support level. Breakout: The pattern is confirmed when the price rises above the middle peak, signaling the start of a new uptrend12. Trading the W pattern involves waiting for the breakout above the middle peak before entering a long position. This helps in minimizing risks and maximizing potential gains12.
MCX:CRUDEOIL1!Long
by Faizgazi
GBP/JPY FOREX W PATTERN The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern: Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separated by a peak (middle peak). First Bottom: This forms after a prolonged price decline, marking the lowest point of the current downtrend. Middle Peak: The price then rises, forming a peak before declining again. Second Bottom: The price falls again to a level similar to the first bottom, indicating a support level. Breakout: The pattern is confirmed when the price rises above the middle peak, signaling the start of a new uptrend12. Trading the W pattern involves waiting for the breakout above the middle peak before entering a long position. This helps in minimizing risks and maximizing potential gains12.
Long
by Faizgazi
TATA CHEMICAL WEEKLY TRIANGLE BREAKOUT A triangle breakout is a significant event in technical analysis, indicating a potential continuation or reversal of a trend. Here’s a concise overview: Types of Triangle Patterns Ascending Triangle: Characterized by a horizontal upper trendline and an ascending lower trendline. A breakout above the horizontal line is typically bullish. Descending Triangle: Features a horizontal lower trendline and a descending upper trendline. A breakout below the horizontal line is usually bearish. Symmetrical Triangle: Both trendlines converge symmetrically. A breakout can occur in either direction, depending on the preceding trend1. Trading the Breakout Entry Point: Traders often enter a position when the price breaks through the trendline with significant volume. Target Price: The target is usually set by measuring the height of the triangle’s base and projecting it from the breakout point2. False Breakouts: Be cautious of false breakouts, where the price breaks the trendline but then reverses back into the triangle
NSE:TATACHEMLong
by Faizgazi
Great opportunity to buy Reliance IndustriesHello, Every time you talk about the companies to invest in the India market, a top company that comes to most people's mind is reliance. I had a close look at reliance and below is my view. Business Model Overview: Reliance Industries Ltd. (RIL) operates in various sectors, primarily energy, petrochemicals, retail, telecommunications, and digital services. Its diverse revenue streams come from refining and marketing, petrochemicals, exploration and production, retail (through Reliance Retail), and telecom (through Jio). This diversity provides a moat for the company, making it resilient to sector-specific downturns. Revenue and Financials: As of 2024, Reliance has performed well, increasing its stock price by over 13% from January to October 2024. The stock reached IRN 3200 in July. Reliance's market cap remains strong at ₹19.82 trillion, and its price trends suggest growth despite short-term corrections​ as shown below. Technical Analysis: On the technical front, Reliance Industries has experienced a sideways corrective phase since reaching its peak in July 2024. After a decline in the recent months, the stock is trading at around ₹2,813, following a slight dip in September. The stock is currently at the bottom of the correction and therefore at a great point for entries with target at INR 3200. Opportunities for Reliance Retail Expansion: Reliance Retail is targeting 20% annual growth, outperforming the market's expected 10% Compound Annual Growth Rate (CAGR). This aggressive expansion strategy is set to capitalize on both urban and rural markets, leveraging its extensive infrastructure and growing digital footprint. Renewable Energy Leadership: Reliance is positioning itself as a leader in green energy by planning to establish 20GW of solar PV capacity by 2026. This includes significant investments in battery production and continued strategic advancements in oil-to-chemical (O2C) and oil and gas (O&G) sectors. The company’s emphasis on sustainability reflects its ambition to dominate the renewable energy market while maintaining profitability in traditional sectors. Operating Expense Control: There is an expectation that the growth in operating expenses will moderate in FY25, leading to improved margins as expansion efforts stabilize. Risks to Consider for Reliance Supply Chain and Costs: Rising freight costs and limited international market presence pose challenges. The company must also navigate the delicate balance between sustainability initiatives and profitability amid increasing global supply overcapacity in various sectors. Oil and Gas Market Volatility: Reliance faces the risks of tight crude oil supply, which could affect margins in its refining and petrochemical segments. Additionally, regulatory changes impacting fuel and rising competition from Chinese exports and imports under trade agreements could create market pressures, challenging Reliance’s competitiveness in global markets. Final Recommendation Given Reliance's diversified business, strong retail growth, and strategic investments in renewable energy, it remains a buy for long-term investors. The stock is trading near its correction lows, presenting a potential buying opportunity at current levels (around ₹2,813). The target price should be set at ₹3,200, with a focus on monitoring key risks like crude oil supply constraints and competition. Good luck!!
NSE:RELIANCELong
by thesharkke
2
04 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames Index: Nifty Bank Index (BANKNIFTY) Chart Date: October 3, 2024 Time Frames: 5-Minute Chart Daily Chart Weekly Chart Monthly Chart 2. Support and Resistance Levels for Next Trading Day Support 1 51,683.40 Support 2 51,600.00 Resistance 1 52,000.00 Resistance 2 52,800.00 3. Market Scenario for Next Trading Day Expected Opening Slight Gap Down Market Trend Bearish to Range-Bound Timing Initial bearish sentiment, potential range-bound after 11:00 AM 4. Options Strategies for Next Trading Day Buy Put Options 51,800 Anticipating a slight decline in the index. Sell Call Options 52,000 To capitalize on potential resistance. 5a. Calendar Spread Strategy Daily 51,800 Buy daily put, sell weekly put. Weekly 52,000 Buy weekly put, sell monthly put. Monthly 51,500 Buy monthly put, sell next month put. 5b. Daily, Weekly, and Monthly Trends Daily Bearish Weekly Bearish Monthly Bullish (but showing signs of reversal) 6. Trading Recommendations for ATM, ITM, OTM ATM Trade 9:30 AM - 10:30 AM ITM Don't Trade All Day OTM Better Not to Trade 10:30 AM - 3:00 PM Summary The market is expected to open slightly down , with bearish sentiment likely to persist initially. Focus on put options for potential profit, especially around the identified support levels. The calendar spread strategy can be effective given the current market conditions. This analysis is based solely on the provided charts and data. Always consider your risk management strategies when trading. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:BANKNIFTY
by JayeshBoradia