Contains IO script
15 Oct 2024 - Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Nifty 50 Index
Date: October 14, 2024
Time Frames:
Monthly (1M)
Weekly (1W)
Daily (1D)
5-Minute (5)
2. Support and Resistance Levels for Next Trading Day
Support Levels:
First Support: 25,000
Second Support: 24,800
Resistance Levels:
First Resistance: 25,200
Second Resistance: 25,400
3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Up
Market Trend Bullish initially, then range-bound
Timing Initial bullish momentum in the first hour, followed by consolidation
4. Options Strategies for Next Trading Day
Recommended Strategies:
Bull Call Spread: Buy 25,100 Call, Sell 25,200 Call
Long Call: Buy 25,200 Call for bullish sentiment
Short Put: Sell 25,000 Put to capitalize on potential support
5a. Calendar Spread Strategy
Recommended Strikes:
Daily: Buy 25,100 Call, Sell 25,200 Call
Weekly: Buy 25,200 Call, Sell 25,300 Call
Monthly: Buy 25,300 Call, Sell 25,400 Call
5b. Daily, Weekly, and Monthly Trends
Daily Bullish 25,000 (Support), 25,200 (Resistance)
Weekly Bullish 24,800 (Support), 25,400 (Resistance)
Monthly Bullish 24,500 (Support), 26,000 (Resistance)
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Best during initial hour
ITM Trade Good for bullish scenarios
OTM Don't Trade Avoid unless strong bullish signal
Summary
The market is expected to open slightly bullish, with initial momentum followed by a range-bound phase. The recommended strategies focus on bullish positions, particularly around the 25,100 and 25,200 strikes. The calendar spread can be effectively utilized across daily, weekly, and monthly options.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
M_MFIN WEAKER CHART STRUCTURE LETS SEE HOW IT SUSTAINSMahindra & Mahindra Financial Services Ltd. an interesting stock with weak chart structure
1. RSI on daily slipped below 40
2. Big Anchor Red Candled formed on the chart with price trading below major moving averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix
14 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames
Index: Nifty Bank Index
Date: October 11, 2024
Time Frames:
Daily (1D)
5-Minute (5M)
Weekly (1W)
Monthly (1M)
2. Support and Resistance Levels for Next Trading Day
Support 1 51,000
Support 2 50,800
Resistance 1 51,500
Resistance 2 51,750
3. Scenario for Next Trading Day
Slight Gap Down Bearish Expect initial selling pressure due to recent bearish candle on the daily chart.
Timing 9:15 AM - 10:30 AM Initial volatility expected, watch for support at 51,000.
Midday Range-bound Possible consolidation around 51,200.
Afternoon Slightly Bullish If support holds, potential recovery towards 51,500.
4. Options Strategies for Next Trading Day
Bull Call Spread Buy 51,200, Sell 51,500 Limited risk with potential upside if market recovers.
Bear Put Spread Buy 51,000, Sell 50,800 Hedge against further downside if market breaks support.
5a. Calendar Spread Strategy
51,200 (Daily) October 12, 2024 Capture short-term volatility.
51,500 (Weekly) October 19, 2024 Longer-term view if bullish trend develops.
51,000 (Monthly) November 2024 Hedge against potential downturn.
5b. Daily, Weekly, and Monthly Trends
Daily Bearish Recent bearish candle, potential for further downside.
Weekly Neutral Consolidation phase, waiting for direction.
Monthly Bullish Overall trend remains bullish, but recent pullback observed.
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade 9:15 AM - 10:30 AM High volatility expected, good for quick trades.
ITM Don't Trade All Day Higher risk, less favorable for options buyers.
OTM Trade 10:30 AM - 3:30 PM Potential for high reward if market moves favorably.
Summary
Market Opening: Slight gap down expected.
Support and Resistance: Key levels identified for trading decisions.
Options Strategies: Specific strategies tailored for the next trading day.
Trends: Mixed signals across time frames, indicating caution.
This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
11 Oct 2024 Bank Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Bank Nifty
Date: October 10, 2024
Time Frames:
Daily (1D)
Weekly (1W)
Monthly (1M)
5-Minute (5M)
2. Support and Resistance Levels for Next Trading Day
Support 1 51,250
Support 2 51,000
Resistance 1 51,800
Resistance 2 52,000
3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Up (around 51,600)
Market Sentiment Bullish initially, then may turn range-bound after initial movement
Timing - Open: Slightly bullish- Midday: Potentially range-bound
Overall Outlook Start bullish and then range-bound as profit booking may occur after initial rise
4. Options Strategies for Next Trading Day
Recommended Strikes:
ATM Strike: 51,500 Call Option
ITM Strike: 51,000 Call Option
Strategy:
Buy Call Options: Focus on the ATM and ITM strikes to capitalize on the expected bullish opening.
Target: Aim for a quick profit on the initial move, then consider exiting or adjusting positions if the market turns range-bound.
5a. Calendar Spread Strategy
51,500 Sell (Weekly) This week To capture premium decay as the market stabilizes
52,000 Buy (Monthly) Next month To hedge against potential upward movement
5b. Daily, Weekly, and Monthly Trends
Daily Bullish Upward
Weekly Bullish Upward
Monthly Bearish Downward
6. Trading Recommendations for ATM, ITM, and OTM
ATM Trade Best during initial market hours (9:15 AM - 11:30 AM)
ITM Trade Good for quick profits in the morning session
OTM Don't Trade Avoid unless strong bullish signals are present
General Better Not to Trade If market shows signs of reversal after initial bullish move
Summary
Next Trading Day: Expect a slight gap up with initial bullish momentum, followed by potential range-bound trading.
Focus on ATM and ITM options for quick profits, and consider a calendar spread for hedging.
Monitor support and resistance levels closely to adjust your strategy as needed.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
Todays Bank Nifty Trade Zone to Zone Market opened at higher level. Came down to demand zone and reversed from demand zone, target was Supply Zone . 400 points done . Break out of Supply Zone could not sustain took SL twice on smaller time frame of approx 75 points. Break down of Supply Zone...and went to Demand Zone . Zone to Zone trading Done .
10 Oct 2024 - Bank Nifty Predictions1. Index Chart Details
Index: Nifty Bank Index
Date: October 9, 2024
Time Frames:
Daily (1D)
5-Minute (5M)
Weekly (1W)
Monthly (1M)
2. Support and Resistance Levels for Next Trading Day
Support Levels:
1st Support: 50,900
2nd Support: 50,500
Resistance Levels:
1st Resistance: 51,200
2nd Resistance: 51,700
3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Down 9:15 AM
Market Trend Bearish to Range-bound Morning
Midday Adjustment Possible recovery towards flat 12:00 PM
Closing Trend Range-bound with slight bullish bias 3:30 PM
4. Options Strategies for Next Trading Day
Recommended Strategies:
Bull Put Spread: Sell 51,000 Put, Buy 50,900 Put (if market shows signs of recovery).
Bear Call Spread: Sell 51,500 Call, Buy 51,600 Call (if market opens lower and shows bearish sentiment).
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: Sell 51,000 Call, Buy 51,100 Call
Weekly: Sell 51,200 Call, Buy 51,300 Call
Monthly: Sell 51,500 Call, Buy 51,600 Call
5b. Daily, Weekly, and Monthly Trends
Time Frame Trend Direction Key Levels
Daily Bearish 51,200 (Resistance), 50,900 (Support)
Weekly Range-bound 51,700 (Resistance), 50,500 (Support)
Monthly Bullish 54,467 (Resistance), 45,661 (Support)
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Morning session
ITM Don't Trade All day
OTM Trade cautiously Afternoon session
Better Not to Trade If market shows strong bearish trend
Summary
The market is expected to open slightly lower, with a bearish sentiment initially. However, there may be a recovery towards midday, leading to a range-bound scenario by the end of the day. The suggested options strategies focus on both bullish and bearish scenarios, depending on market movements.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
09 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Nifty Bank Index
Date: October 8, 2024
Time Frames: Daily, Weekly, Monthly, and 5-Minute
2. Support and Resistance Levels for Next Trading Day
Support Levels:
1st Support: 50,800
2nd Support: 50,500
Resistance Levels:
1st Resistance: 51,250
2nd Resistance: 51,500
3. Market Scenario for Next Trading Day
Opening Likely to open flat with a slight gap up/down based on OI data trends.
Market Trend Expected to be range-bound initially, with potential bullish momentum later.
Timing Initial range-bound from 9:15 AM to 11:00 AM, p ossible bullish trend from 11:00 AM onwards.
4. Options Strategies for Next Trading Day
Recommended Strategies:
Bull Call Spread: Buy 51,000 Call and Sell 51,250 Call.
Long Call: Buy 51,000 Call if the market shows bullish momentum post 11:00 AM.
Straddle: Consider a straddle at 51,000 if volatility is expected.
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: Buy 51,000 Call (October 9 expiry) and Sell 51,250 Call (October 16 expiry).
Weekly: Buy 51,000 Call (October 16 expiry) and Sell 51,250 Call (October 23 expiry).
Monthly: Buy 51,000 Call (October 30 expiry) and Sell 51,250 Call (November 30 expiry).
5b. Daily, Weekly, and Monthly Trends
Daily Bullish Recent price action shows upward momentum.
Weekly Neutral Consolidation phase observed.
Monthly Bullish Overall trend remains upward with higher highs.
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Best during bullish momentum post 11:00 AM.
ITM Trade Suitable if market shows strong bullish signals.
OTM Don't Trade Higher risk; avoid unless market shows clear direction.
Better Not to Trade Early morning (9:15 AM - 10:30 AM) due to uncertainty.
This analysis is based solely on the chart readings and expected market behavior. Always consider your risk tolerance and market conditions before making trading decisions.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
Bank Nifty Zone to zone trading .Bank nifty took exact reversal from Demand Zone . Now reaching Supply Zone . Small SL Big targets .
Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades.
08 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Nifty Bank Index
Date: October 7, 2024
Time Frames:
Daily (1D)
Weekly (1W)
Monthly (1M)
5-Minute (5M)
2. Support and Resistance Levels for Next Trading Day
Support 50,194.30
Resistance 51,462.05
3. Expected Market Scenario for Next Trading Day
Opening Likely gap down due to recent bearish momentum.
Market Behavior Start bearish and then range-bound.
Timing Initial bearish movement in the first hour, followed by consolidation.
4. Options Strategies for Next Trading Day
Strike Price Strategy Rationale
50,500 (ATM) Buy CALL Potential for a bounce if support holds.
50,200 (ITM) Buy PUT Hedge against further downside risk.
51,000 (OTM) Sell CALL If expecting range-bound behavior, collect premium.
5a. Calendar Spread Strategy
50,500 (Daily) Daily Capture short-term volatility.
50,200 (Weekly) Weekly Benefit from time decay on the short leg.
50,000 (Monthly) Monthly Longer-term position to hedge against larger moves.
5b. Daily, Weekly, and Monthly Trends
Daily Bearish
Weekly Bearish
Monthly Bullish (but recent bearish pressure)
6. Trading Recommendations for ATM, ITM, and OTM
ATM Trade Early session (9:15 AM - 10:30 AM)
ITM Trade Mid-session (10:30 AM - 1:00 PM)
OTM Don't Trade Late session (1:00 PM onwards)
Summary
Next Trading Day: Expect a gap down opening, with potential for a bearish start followed by a range-bound market.
Strategies: Focus on ATM and ITM options for potential trades, while considering a calendar spread for hedging.
Trends: Daily and weekly trends are bearish, while the monthly trend shows some bullish potential but is under pressure.
This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions.