Nifty Intraday Analysis for 9th January 2025NSE:NIFTY
Index closed near 23690 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 136.68 Lakh 23800 Strike – 85.63 Lakh
23700 Strike – 81.34 Lakh
Put Writing
23500 Strike – 93.82 Lakh
23400 Strike – 71.25 Lakh
23600 Strike – 70.25 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range.
Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
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FUNDAMENTAL SERIES SCRIPT - 3Angel One Ltd.
Sector : Finance | Industry : Finance - Stock Broking
Why I am Buying this stock again?
Reasons :-
Cup & handle Chart pattern
Big Volume
High growth potential
Company posted highest ever Quarterly Results
Last 5 years Compounded Profit Growth - 70%
Company has a good return on equity (ROE) track record: 3 Years ROE 45.2%
There is a one time expense of 114 CR (IPL Advertisement). Due to this expense profit margin is decrease in Jun 2024 Quarter
IPL Spending has proven to be very beneficial for the company, which will help Angel One to gain clients & brand visibility.
Percent of population investing in stock markets
US - 55%
CHINA - 13%
INDIA - 5%
High growth potential for next 15 to 20 years
only For educational purposes
Technical trading Technical traders analyze price charts to attempt to predict price movement. The two primary variables for technical analysis are the time frames considered and the particular technical indicators that a trader chooses to utilize.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
how to be professional traderEducation: Begin with a solid foundation in finance, economics, or a related field. Many traders benefit from a formal university degree, which helps them understand complex financial concepts and market dynamics. Understand Market Fundamentals: Knowledge of fundamental analysis is crucial.
While some traders have been successful in becoming millionaires through scalping trading, many others have lost money and blown up their trading accounts. It is important to note that trading carries significant risks, and traders should only trade with money they can afford to lose.
ADX: The Trend Strength Indicator
Average Directional Movement Index
The Average Directional Movement Index, or ADX, is a popular trend indicator designed to measure the moving average of price range expansion values. Developed by Welles Wilder, it's one part of the Directional Movement System which aims to measure price movements and their strength.
What is the ADX? The average directional movement index is calculated to reflect the expansion, or contraction, of the price range of a security over a period of time. The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30.
Database TradingResults show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and there's often a lot of trading between 9:30 a.m. and 10 a.m. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.
Option and Database Trading A binary option is a type of options in which your profit/loss depends entirely on the outcome of a yes/no market proposition: a binary options trader will either make a fixed profit or a fixed loss.
An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.
Relative Strength Index (RSI) IndicatorTo use the RSI indicator, check if the value is above 70 to show an asset is overbought, or below 30 to show it is oversold. Traders can use these signals to find possible trading opportunities.
The relative strength index (RSI) is an indicator used in technical analysis to determine overbought and oversold conditions, which provides traders with buy and sell signals (when to enter and exit positions). Values above 70 indicate overbought conditions and those below 30 indicate oversold conditions.
the way to clear your trading journeyThe 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades
The mindset of instant gratification will not work in the stock market. You will need to be patient and be ready to work hard. For learning swing trading, it takes at least 6 months and for intraday trading, at least a year.
Beginner To Advance trading What you'll learn
Make profits in intraday.
Stock market concepts and workings explained from very basic level.
Learn powerful day trading strategies.
Learn a step by step approach of how to trade in intraday.
Trend Following (Wealth Generation)
Learn the art of minimizing the risk and maximizing the return.
The 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades
Nifty Intraday Analysis for 8th January 2025NSE:NIFTY
Index closed near 23710 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 122.43 Lakh 24200 Strike – 111.77 Lakh
24100 Strike – 77.23 Lakh
Put Writing
23200 Strike – 92.26 Lakh
23500 Strike – 56.77 Lakh
23300 Strike – 54.14 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range.
Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
Navinfluor | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅Breakout confirmed
✅Rise in Volume
✅Good 3 touches Trendline Breakout with volume
✅Clear uptrend with HH & HLs sequence
✅ Order block as potential Resistance
✅Check out my Trading View profile to see how we analyze charts and execute trades.
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Option and database trading An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock
The Bottom Line. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades
RSI divergenceRSI divergence happens when the price and the RSI move in opposite directions. This signals that the current trend may be losing momentum and could reverse soon. For example, if the price keeps rising but the RSI starts falling, it could mean the uptrend is weakening.
How RSI Works. RSI values are typically used to identify overbought and oversold conditions. A reading above 70 suggests that the asset may be overbought and could be due for a downward correction. On the other hand, a reading below 30 indicates that the asset may be oversold, signalling a potential upward reversal.
Option chain in trading Option chain in trading
An option chain is a detailed list of all available option contracts for a specific stock, including their strike prices and expiration dates.
The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
Key takeaways. Average directional index (ADX) is a short-term chart indicator. It can be used to help you evaluate the market or an investment's strength. ADX currently suggests the short-term momentum behind stocks may be strong, with a caveat.
Option in trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
divergence tradingDivergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. This means fewer trades but if you structure your trade well, then your profit potential can be huge. Divergences on shorter time frames will occur more frequently but are less reliable.
Price action trading In simple terms, price action trading is a technique that allows a trader to read the market and make subjective trading decisions based on recent and actual price movements, rather than relying solely on technical indicators.
In general, trading Price Action patterns comes down to the following steps: Define the current trend you are going to trade. Mark the key support and resistance levels in the chart. Expect the price correction to the strong levels.
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
A PCR at one (=1) suggests that investors are purchasing the same amount of put options as call options and signals a neutral trend going forward. No PCR is considered ideal, but a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR above 1 is typically viewed as a strong bearish sentiment.