ONGC Observations - we are looking at daily candlestick chart pattern - In Jan 2023 stock faced resistance around 151-152 odd levels - mid Feb we see a breakout - currently the stock is holding on above 151 odd levels set up opens up doors for upside up to 166-168 odd levels SL If stock is closing below 150 on daily charts I have gone with a trading...
Technical Analysis - 1. Falling channel breakout above DZ turned SZ 2. Going from lower range to higher range of rising channel 3. Sustaining above 20EMA & towards 200 EMA 4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup Go long in ONGC by buying CE - 1. ENTRY / TARGET as per spot chart - 139.2 /...
Note this is not a recommendation for any trade. But just an analysis of Index F&O trade data for today. Trading in Futures & Options involves real money and is very risky. It is like a 3 way fight between retail traders, FIIs and Proprietary traders. In a war, it is important to understand your opposition's strength and weakness. In many war history, we can...
This is not a recommendation. Trading in Futures & Options involves real money and high risk. Hence there is a need to do more study before you randomly take a decision. Just like in a game of Chess, when you plan to make a move, you need to factor in opposition's game strategy. Using the same principle, when trading in Futures & Options, we should be aware...
Infy Observation - After result announcement, Infy goes into consolidation mode for a 2-5 weeks - it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis) - current rally is measured at roughly 21% so far and another 9 trading sessions to go - if Infy is to follow the blue channel, then we have be at the...
Nifty CMP 15853 Observations - Nifty traded in down trend channel since Feb 2021 till April 2021 - Currently Nifty is trading in Uptrend channel Now that we have identified the trend, let us look and analyze Futures & Options data for 05 July 2021 and understand how each market participant viz - the Retail traders, - FIIs and - Proprietary traders have...
Reliance The stock recently made a high of 2261 On the lower side, 2067 / 2000 are important support levels Given the set up One may consider the following Short strangle strategy for July series Sell 29 July expiry 2260 Call option around 35 Sell 29 July expiry 2000 Put option around 25 Max profit potential of Rs 15000 per strategy lot till expiry...
Nifty Till the time Nifty is above 15760-15780 on a daily closing basis it might slowly look to crawl up Trading Strategy Sell Nifty 15 July expiry 15700 Put option currently around 120 The strategy provides an inbuilt risk cover for a fall in Nifty price up to 15580 till 15 July expiry. Take care & safe trading...!!! Disclaimer - The view expressed here...
Market condition good due to corona virus less cases Fundamentally strong market CAN buy Future or CE option
Today Banknifty give the gap up opening and then correct and then range bound. . So for simple Strategy that we follow. . If Banknifty cross 34300 then we buy CE. . If Banknifty goes down below 33390 then we buy PE. . In Gap up or Gap down condition, we buy on dip and sell on high. . You can give your suggestions in comment box. . Learn More Earn More ✌️
Simple Trade Setup For Tomorrow for BankNifty . If Banknifty cross 32900, we will buy trade 33500 CE. . If Banknifty goes below 32400, we will buy PE 31600. . Learn More Earn More.
As we see Nifty runs in range bound on Friday. . Make Doji candle according to this market can give the Gapup Opening. . We will buy on dip sell on high. . If Market give the Gapup opening above 14578, the we buy PE. . If Market give Gap down Opening below 14267 we will buy CE. . If Market give normal opening then will buy CE after 14600 on the safe side. . You...
Kotak Bank has entered into a strong downward momemtum. Immediate support is expected at 1840. No trading zone shall start from 1840 till 1801 in downside. If breakes 1801, it can tumble down till 1730.
Buy BANKNIFTY CE After crossing 36628 and Buy PE after down 35610.