Nifty: On expected linesNifty first instance has taken a fall from the opening levels.
Again if you see the chart we see it respected 21 day EMA.
In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140
The same has been updated in my yesterday's post at 9:34am.
Now Nifty needs a close above 18244-18262 odd levels on hourly candlestick basis...
We wait patiently and let's see what we have got in store now...
Buy!
Infy: Chart set up and trading viewInfy
- the stock is managing to hold on to gap zone levels
- important support levels 1480 / 1444 / 1433
- 20 day EMA and 63 day EMA at 1562 and 1545 respectively
Given the setup, one may consider to sell Infy January expiry 1460 Put option
The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd levels ( covering most of the known risk on charts)
Do let me know if you find the analysis and insights helpful.
Like and Follow for more ideas like these...!!!
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- 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
IGL: On the verge of breaking outIGL
- Since Nov 28, the stock has seen some consolidation at current levels
- 21 day EMA and 63 day EMA are at 430 and 415 respectively
- Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels
Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL
Take care & safe trading...!!!
Like and share if you find the analysis helpful
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
Can be initiate long position in yes bank?in last 2 trading days, yes bank already moved 20% and reach a one-year-old resistance levels as you can see in chart.
now the question is that we should take entry in yes bank after such move.
in my opinion, I will take entry in yes bank once its close above 21
IBREALEST Daily looking bullishIBREALEST Daily has Inverted head n shoulder breakout, with 200 ema support on daily candle.
Good to buy at 88.50 for target of 159 with sl below 86