Buy above 43300. buy call CE or short PE if you are option seller
Sell below 43000. buy put PE or short CE if you are seller
take your own trade. I am not sebi registed. Happy trading.
Nifty
The level of 18350-18400 has acted as crucial resistance in the past
Immediate Support at 18258 odd levels
High risk traders may consider buying Nifty 17 Nov expiry 18300 Put option between 58-66 (CMP 62.50)
Target 84 / 96 / 102
SL 51.50
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future...
Nifty is in the range of 200 points from the last 5 days if it breaks level of 18110 May be it falls upto 18000 on the upside there is no clear vision from side. On the technical side rsi is less than 40 in 5 minute time frame and Bollinger band also shows some bearishness.
SBIN
We are looking at weekly chart of SBIN stock
Observations
- SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high
- support at 554 / 545 / 530 zone
Given the set up
One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position
Otherwise 530-540 zone could...
Nifty
- We are looking at daily candlestick chart
Observations
- On 16 Sept Nifty opened gap down between 17877 to 17796
- coincidently Nifty 76.4% retracement level is also around same level 17777
- for 4 consecutive days Nifty is struggling at 17800 levels
- With 1 hour's trade to go today volume is on a lesser side
Given the conditions, fresh longs in...
Ambuja cement
We are looking at weekly chart of Ambuja Cement
- weekly closing high 539.35
- low made thereafter 471.05
The stock has possibly done its short term target on the upside (Jitna neeche utna ooper)
View: Rangebound
Given the set up one may consider a Bear Call Spread strategy
Sell 560 Call option currently around 8.3
Buy 600 Call option...
ICICI Bank
We are looking at daily candlestick chart pattern
Observations
- ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels)
- subsequently we saw profit booking in the stock
- now the stock is back at 920-940 odd levels
- we see ICICI Bank still not making a decisive...
Ambuja Cement
- After a big euphoric rally the stock seems to be consolidating now in the yellow channel box
21 day EMA is around 500
53 day EMA is around 464 and rising by around 1 point
My trading strategy is for a range bound market scenario.
Giving a profit potential of 11% till expiry as well as keeping loss limited
For details Like and message me
Take...
Nifty
- we see Nifty trading above 21 day EMA, 63 day EMA and well above 252 day EMA
- Line of resistance around 18200 odd levels
- Line of Support around 16800
- So is the 200 day EMA support around 16780
Right now we are in the middle of the range
Trading strategy
Given the set up one may consider a Short Strangle strategy for Nifty for November...
Today we are seeing people exiting from Call options and entering Put options.
In my morning post, we had mentioned Nifty PCR at 0.72 signifying oversold conditions and that Short trade should be carefully taken.
We had mentioned the level to short and accordingly given exits also. We had highlighted the level of 17096 in morning to short and at lower levels...
Nifty
- we had already marked the red zone as resistance zone
Today we see a big gap down exactly after Nifty got rejected around 17320 odd levels.
Are you surprised or were you prepared?
Going forward
- we are looking at 15 minute candlestick chart pattern
- we observe that the zone of 17026-17060 is very crucial for Nifty
- between September 28, 2022...
Asian Paints
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently...
Go long with 34000 CE 14th JULY - if Bank nifty sustain above 33400 in 15 minute chart.
Risk Reward Ratio is good in this TRADE SET UP .
NOTE; Bank nifty have to sustain above 33400 in 15 minute chart - for this CALL.
Considering the Appolo Hospitals, the price was just completed its accumulation stage. If we see in the Accumulation stage, it traveled between the range. And 200 EMA was also above the Price. Currently, the price is about to break the resistance of the Range. As we can see that the price is also above the 200 EMA. This indicates the price will go up because it...
Last time in November when the stock was around 222, this is what was shared
The Line of Support provided perfect entry opportunity to buy.
Now we have seen the stock moving past the Line of resistance. Will it now act as Support?
Only time will tell...
Above 285, doors open up for a potential movement towards 305/ 320 odd levels in short term
F&O...
A nice down trend clearly seen and oversold on 8 March then first pull done and sellers sold it. Then breakout happen of channel now wait for some consolidation done on this level we need it to break 3400 and a retest on Low volume and we will BUY THAT RETEST FOR THE TARGET OF 3600-3700 POSITIONAL.
