In my weekly view I had said
10580-10560 is a very important zone for me to watch. If NIFTY drops below this zone this week, I think NIFTY has started a bearish move, momentum of which is not known this time.
If NIFTY continues in the 10700-10920 zone for this week, then I think NIFTY may keep distributing in the zone for some time.
There is a possibility of...
In my weekly view I had said
If there is a breakout of 10850, I am not going to buy it till it gets confirmed by 2 days sustaining above it.
There was a breakout, and it did not sustain above 10850 for long and came right back in the consolidation zone.
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My trades today
I sold 10800 CALLs when NIFTY...
Buy Infosys at CMP: 718 - 719, T: 739, SL: 702.20
Infosys has formed bullish FLAG pattern in 30 min chart. Breakout above the flag pattern will give a target of 739 levels.
Positional target is 745 & 774 levels as per daily charts with a strict SL of 702.20
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
NSE:NIFTY is making overlapping moves. Idea is to stay patient and wait for breakout.
From current price action, NIFTY is all set to break out of 9400 tomorrow. I have sold calls, which will be in loss. But considering the market is consolidating, I am willing to take the risk of keeping those calls.
NSE:NIFTY opened gap up today. But it could not keep above last high of 9340 for the day. So this is still consolidation range. Till it breaks out this range , it may be safe to hold these positions. Now, because of sold puts, I have high risk of gap down opening. But from price action for last few days, I'm carrying these positions.
As discussed in weekly...
Nifty
CMP 9363
Consider selling Nifty 30-April expiry
9100 Put option around 50
&
9600 Call option around 38
Max profit potential Rs 6600/-
Loss only if Nifty closes above 9688 or below 9012 on 30-April-2020
Take care & safe trading...!!!
Follow
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle ..
Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
NSE:TECHM has been perfectly break a Trend line on multiple time frames. Its an a swing call holding on 3 to 5 days.
SHORT SELL @ 500
Stop loss @ 534
Targets 1 - 462.5
Targets 2 - 425
Today was very tight consolidation day. NIFTY moved around 9000.
1. This was mostly expected as some markets are closed and many markets coming from long weekend.
2. Looking at the initial selling , I sold CALLs and then squared of for marginal profit.
These kind of days are difficult to trade, but I was lucky to manage small profit.
NSE:HINDPETRO has been perfectly break a Trend line on multiple time frames. Its an a swing call holding on 3 to 5 days.
Long above 207.85 to 211.80 levels
Stop loss 197.40
Targets 1 - 216.80
Targets 2 - 222.60
