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Nifty'50 Support & Resistance Zones for 29th Jan'21Nifty may take a snap recovery on 29th Jan'21! + Price taking support at golden fibonacci level (61.8%) and 50EMA, between 13,705 - 13,750 Levels + Day is closed with a Doji candle at the bottom of Bollinger Band + Fibonacci level, Bollinger Band bottom, 50EMA... is making the area of confluence and signifying indecision and possibilities of 'U' turn + A strong bullish candle on 29th Jan, lead to formation of Morning Doji Star - Higher selling pressure can be witnessed, if price breaks 13,450 levels Reco: Buy 14,100 Calls (CE), if price sustains 13,945 on 30/60mins TF Target: Spot price 14,100 Stop Los: Spot price falling below 13750 Regards, Ravi Bhadrappa
NSE:NIFTYLong
by ravibhadrappa_TCFMRA
Bank Nifty: Chart set u p & strategy for 30 July 2020Bank Nifty Closing Price 20359 - Bank Nifty is trading at the lower end of the range - in line with my Nifty view which we suggested a range bound activity - Bank Nifty would also likely reflect a possible range bound activity - Weakness would intensify only once it closes below the Black line - Sustaining above 22500 for 3 consecutive days would open up doors for further up movement ______________________________________________________________________________________________ Given the chart set up one may consider selling Bank Nifty 30 July 23000 Call option ( CMP 423.5) on rise especially towards the range of 500-550 Max profit potential Rs 12500/- to 13750/- per lot Yield potential 11.26% - 12.4% approximately Loss protection for a rise up to 23500 - 23550 till 30 July 2020. However as suggested above, we would recommend to exit if Bank Nifty sustains above 22500 levels Discliamer: - The view expressed here is my personal view - 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 - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BANKNIFTY
by indiamarketoutlook
Weekly Expiry: F&O Data analysis & important levels for 9 AprilIn our previous post we had given support levels of 8744 and 8688. Do notice, Nifty opened at 8688 close to 8680 level and managed to close the day at 8748 just a tad above 8744 support levels. In between we saw a roller coaster kind of a ride… From 140 points down in early trade to a rally of 478 points from the lows and then again a 430 point drop from the highs… In Futures Segment FIIs sold 7.7K contracts worth 413 Cr. FIIs booked profits and squared off 5041 Long Contracts. They also added 2668 Short contracts Retail Clients squared off 1255 Long contracts and also exited 4027 contracts from Short position. Pro traders added 6578 Long contracts and exited 898 contracts from Short position. Option Data Analysis On the Call option front FIIs exited a marginal 734 Contracts from their Long position and added 7336 Call Short Position Retail traders were active in Call Options adding 1.07 Lakhs Long contracts and adding 63.8K Short contracts Pro traders bought 11375 Call Long and also created fresh 46400 Short Contracts On the Put Option front, FIIs added 8720 Put Long contracts and also added 7490 Put Short contracts Retail traders added 12541 Put Long and created 13007 Put Short contracts. All in all, Retail participants have gone aggressive on Call Long side, FIIs are playing it light and Pro traders again are playing a balanced game by going Long in Futures and Selling Call Options. Support 8744 / 8680 / 8653 / 8618 Resistance 8820 / 8905 / 8986 / 9027 Tomorrow being a weekly expiry and also being a truncated weekly closing, it will be an interesting day. Maximum Call Option activity happened at 8900 and 9000 Strike Price. Given the activity, Nifty Level of 8986 – 9027 will hold the key for the day and looks likely to be the upper cap for expiry. Take care & safe trading…!!!
NSE:NIFTY
by indiamarketoutlook
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