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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
Nifty: Bullish Harami Cross pattern in daily charts & F&O data - On charts we observe a Bullish Harami Cross in daily charts pattern F&O trade data analysis Futures - Retail traders squared off 10.2K Long position and squared off 12.88K Short position - FIIs added 10.5K Long contracts and squared off 1.22K Short position - Proprietary traders squared off 13.77K Long contracts and squared off 1.10K Short contracts Call Option - Retail traders added 2.07 Lakh Call Long contracts and added 2.25 Lakh Call Short contracts - FIIs squared off 14.40K Call Long contracts and squared off 6.83K Call Short position - Proprietary traders added 65.55K Call Long contracts and added 39.33K Call Short contracts Put Option - Retail traders added 4.0 Lakh Put Long contracts and added 3.36 Lakh Put Short contracts - FIIs squared off 14.12K Put Long contracts and squared off 4.98K Call Short position - Proprietary traders added 52.7 K Put Long contracts and added 1.06 Lakh Put Short contracts FIIs have added Net Long in Index Futures on 16 May 2022 On a gross Position basis FIIs Long::Short ratio has come down from 1::5 to currently at 1::2.5 Retail traders have added Net Call Short and have been Net Put buyers on 16 May 2022 Prop traders have squared off Index Futures Long position and have added Net Put Short and have been Net Call buyers on 16th May 2022 Trading view : Continue to hold our trade position suggested in the previous post with same terms and conditions - 15720-15680 critical support zone Take care & safe trading...!!! To trade with me 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
NSE:NIFTY
by indiamarketoutlook
Nifty: At important support levels- Nifty near its March bottom - if holds on to 15680-15720 zone then it could be a case of Double bottom - Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day) - trend line resistance around 16680 / 16800 Risk factor - we see 50 day EMA crossing below 200 day EMA which is also referred as Death Cross Can Nifty stage a comeback...? or are the Bulls down and out...? Only time will tell... Important levels have been given and different scenarios have been considered.... Given the set up, My Trading strategy: Gone with a 26 May expiry 15300 Put short @ 107 - Strategy has a 9% profit potential on margin requirement - it also gives protection for a fall up to 15193 till May expiry Will consider to Exit / Review if Nifty closing is below 15680. Take care...!!! 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