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Budget

Budget week, NIFTY weekly expiry Feb. 3,Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the gap up helped to stay above. If there is any gap open for tomorrow, 17700 and 18000 are the first levels to watch. On the downside, 17400 will act as a support, and if there is a sharp move, we can roll up to 17600. There is also an observation. in nifty are multiple resistance zones there, but the bank nifty is now at a good level at 38800. It was tested multiple times. If any violation above occurs, we might see a break from the rage. That will also help nifty as well. Let's see how it is going to perform NIFTY after this budget announcement. Coming to my position, I entered on Monday evening, Put side 16150 good premium. I'm not confident about selling CE because I was expecting a rally after crossing 17400, so I keep holding on to my PE side. Today, after the gap up opening, PE showed some good profit, and at about 10AM, I sold 18550CE. This position was already near 1%, and the vix crash helped. My plan is to squeeze everything from the position. I will only adjust my position on Thursday. I think it's a super safe position now.
NSE:NIFTY
by Manuadarsh
#banknifty #budget2022 special analysis:-#banknifty #budget2022 special analysis:- People were eagerly waiting for this budget day analysis and here you go:- 1. There is no weakness in the BN on the chart, price is above (5/10/20/200 DMA placed at 37,660/37,819/37,837/36,133) 2. There is a correction ( time correction) that is happening for the last few weeks, before the next upmove. 3. Friday high & low are important ( 38,421 & 37,581) 4. Laxman Rekha is placed at 37,602 - 37,714:- above positive & below negative 5. If we assume there is an impulse wave running, then the upside targets are 38,533 / 39,121 / 39,483 and above. 6. The important reaction points are marked in the chart as zone areas, where price trend to react fast leaving those areas. You need to believe what you see on the chart and ignore the rest. Wish you all the very best for the budget day trading. Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
2
RELIANCE TOOK SUPPORT AND REVERSED - SWING TRADE OPPORTUNITYNSE:RELIANCE Has took support at 7 months old trendline, It can boost from hare for its previous high of 2560 as marked in the chart with red dotted line. You can add this to your portfolio for Swing trade For period of almost 2-3 months. If Budget 2022 will give positive view it can complete the target within a month or two Risk Reward ratio is also impressive. I have already made my position in it. BUY - 2390 SL - 2305 , 2240 TARGET - 2560 & 2750 LIKE | SHARE | COMMENT
NSE:RELIANCELong
by akshaybatra020
INFOSYS Ready for bull run after a major Support ReversalNSE:INFY was making higher high from past 6 Months and taking support around 1650. Now after a continuous sharp fall from 1950 from last 2 weeks now It has touched 1650 and again took a support and given a Quick Reversal now from here at 1700 we can go long with at least 50% Qty and rest can be added on retest and target can be should be 1950 and a resistance can be seen at 1800. I have already took the entry with a very small SL of 50 points for Risk Reward of 1:5 ENTRY :- 1690 SL :- 1645 - 1650 TARGET :- 1800, 1950 & Above LIKE | FOLLOW | COMMENT
NSE:INFYLong
by akshaybatra020
14
TCS: Sell on rise set upTCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021 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:TCSShort
by indiamarketoutlook
Nifty Downside till 13000-13200 levels.Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being. Markets are extremely oversold on RSI and MACD. Hence buying every dip will be a good option till February end. Long Term Bullishness is still intact. *(No Purchase/Sell Advice. Only for Educational/Data Sharing Purposes)
NSE:NIFTY
by pranjalprasun
Nifty: Trading the Budget week Nifty CMP 13855 Howz the Budget gonna be...??? Whether it would be good or bad... The answer is I don't know... Looking at charts Important levels on the lower side 13660 levels / 13220 levels Important levels on the upside 14120-14220 zone / 14357 levels Based on the above levels Strategy I'm following... Selling 14300 Call Option around 69 Selling 13200 Put option around 47 Net premium receivables 116 points Loss in strategy if Nifty closes below 13084 or above 14416 on 05 February 2021 Max profit potential in strategy Rs 8700/- per strategy lot if Nifty closes any where between 13200-14300 levels on 05 Feb 2021 Take care & safe trading...!!! Like & Follow 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 - The user expressly acknowledges that the Data may contain some nonconformities, defects, or errors. - Neither Indiamarketoutlook nor the author shall be liable for any claim for any loss, or other damage arising from access to or use of data or information
NSE:NIFTY
by indiamarketoutlook
Nifty 50 View For The Budget Week!During the last few days I have been hearing a lot of noise from various sources that after the budget the market will crash badly and nifty 50 will break the 14000 levels and correct itself until 12000 levels. However, I have a totally opposite view and a perception towards the market post budget. I think that the rally which came from the 7000 levels, its top has not been made yet and I feel that post budget nifty will again test its ATH and move further ahead. My analysis has been briefly explained below:- 1) Budget view- I am expecting a very decent budget. Nothing too extraordinary nor anything to worry about! 2) Now coming to the main analysis, tomorrow (ie. 27-01-2021, Wednesday) if the Tuesday's low is broken out then it is highly probable that Nifty may test 14000 levels within 1-2 days max. 3) 14000 being a very major support level for nifty, and if we see that after testing the 14000 levels nifty starts taking support over there and does not breakdown further, this will be the first bullish sign of the upcoming rally we may witness post budget. Also, we can clearly see on the chart that the 50% correction fibo level for the rally which came from the 13150 levels for nifty 50 comes out to be around 14000. 4) After taking support at 14000 levels till Thursday, nifty may move towards the range of 14360-14500 which is a major confusion zone (marked on chart) for both bulls as well as bears and none of them will create any big positions for the budget on Friday if nifty closes within this range on Friday. This will give us further confirmation for our bullish view. 5) And finally after the budget we can expect a good rally of about 500-700 points in nifty 50 provided all of the above mentioned things happen within this week. 6) I will be creating my positions based on the above analysis. I will create a few bullish positions when nifty starts taking support at 14000 and then later on Friday I may add on to my positions if nifty closes between the confusion zone. P.S. This is just my view and please consult your financial advisor before taking any positions. Also, do share your views in the comments. Thanks Saurabh Sethi
NSE:NIFTYLong
by SaurabhSethi
6