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Budget

Intraday + complete view on NIFTY A " Spike " can generate after breaking-out area between Value High to Contro Price . The " control price " always attract value toward it. The intraday Resistance 12003 nearby and Support 11936. There is actually two channel, One is a " major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall. Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
NSE:NIFTYShort
by Trade-Technique
4
NIFTY - BUDGET DAY IDEA | Must ReadAttention please ... tomorrow is budget day and lot of movement is expected. You'll get a lot of calls/ideas saying this will happen, that will happen, go long, go short, etc. But, as professional traders, we know that predicting is not our job, our job is to make money. Believe me, whoever tells you that he knows what all will be announced in budget and how the stocks and index will react, he is lying. Nobody knows, not even Jaitley, that at what level will Nifty go. Hence, don't decide pehle se hi ki main to long hi jaunga, nifty badhega ya main to short karunga, nifty girega. That's a beginner's approach. Not ours :p Crazy movement is seen on budget day. So trade with caution and save yourself from swift movements against you. SL is must. So, how do we do make money? Here's my strategy, ( you can trade with other strategies too, but whatever I have written above is true for everything, that's why I titled it as a Must Read ) According to my analysis, I have marked levels on Nifty. You can see R1 which is the Resistance, so if Nifty stays above today's CMP, there's no real resistance. You can buy as long as it stays above it, Nifty is strong. You can see S1 and S2, they are Support points, but they might be breached if the market is unhappy with the budget. You can go short when it goes below these lines, with the line as SL. And then you can see S*1, S*2, S*3 which are stronger support lines which shouldn't be easy to go through, and which should act as your take profit points. ( targets ) when you go short below S1,S2. If it goes below S*1, Nifty is too weak then. Additionally, you can see a special blue trendline, if it stays above it, then Nifty is ultra strong, below it, not so much... Final words : Stay calm, follow your plan, don't rush, take quick action, be prepared for reversals. Thanks and best of luck :)
NSE:NIFTY
by dravya
8
Budget opportunities NiftyThis time around the budget is more special than usual years, it is the budget after demonetisation and is coming one month earlier than usual. As seen in the chart and the green boxes the volatility usually peaks during the budget, this time we should expect no different. Another point is the strong negative correlation between the India Vix and Nifty. So good opportunity to write options around this time for Nifty Feb. Given the expectations ahead of this budget would expect a good rise in the market till end of the month.
NSE:INDIAVIX
by Nar