Powergrid in 1hr Timeframe looking good for longPowergrid has taken resistance at 252 several times. If it breaks 252 we can expect a good rally till 256, 260 in intraday. This is just for education purposes.
Daytrading
ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days.
Entry:
I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960.
Target:
My target for the trade is 1010. I would exit the trade if the stock closes below 960.
Risk:
The risk on this trade is 40 points, or 4% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Please do your own research before making any investment decisions.
Here are some additional factors to consider when trading ICICI Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend.
The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price.
The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term.
Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
Everyday Of The Week Is An Expiry Day | Impact Of 0 DTE Options After the latest circular from NSE, MidCPSelect Nifty which tracks a handpicked 25 stocks will have expiry date shifted from Wednesdays to Mondays. And BankNifty which tracks the top most banks in India will have expiries on Wednesdays instead of Thursdays.
This change in status-quo has created a situation wherein we have a daily expiry. Much similar to the 0 DTE (zero day to expiry) by CBOE in the US.
Many economists have published whitepapers on how this could impact the options trading industry, speculations, index movements. But we still have no clarity on how the future will unfold. You might already know how “options” as a financial instrument is a double edged sword due to the leverage it provides.
Let me try to voice my version of what will happen!
Stock markets have already caught the attention of the wanna be rich guys. Although options trading is a newer concept, stock market & betting has been here for more than 100 years. People generally buy stocks in the anticipation that they could sell it back at a higher cost and thereby profiting.
Most often these buys are not because they like the underlying company or have done the research of the firm but just to get rich quick.
Options trading is the next level of betting from stock trading. Options instruments CALL & PUTS give the ability of the buyer to handle a higher number of shares of the firm for a fraction of the total cost (for a limited time).
That limited time is the catch here. Every option instrument will expire on a predetermined date called expiry day. Whereas the stocks have no expiry dates. What this means is that if you have purchased CALL OPTIONS you expect the stock to move up real quick before the expiry, if it doesn’t you lose the premium paid. Whereas in stocks you have the privilege to hold the shares as long as you like.
The reason options were introduced was to hedge the owner of the shares against its short term fluctuations. For eg: If I own 100 shares of XYZ and I wish to hold this for the next 10 years, but a recent report says XYZ company has lost one of its licenses & the shares could tank. What I could do is buy PUT options of the firm so that my downside is protected for the short term.
When I decide to buy the PUT options someone has to take the counter position. It could be the market maker or a speculator.
The market maker, if he decides to sell that PUT option to me, has a net long exposure, which means he makes money only if the stocks stay as they are or move up. Technically no market maker likes to have a directional exposure, so he will immediately take another few trades to become delta neutral.
Or it could be a speculator who is just there to make money. This guy may not have a stock holding against the position he has taken. Most likely this person has the belief that stock XYZ is moving up.
Stocks still have a monthly expiry, which gives ample time for the buyer/seller of the option instrument to change or modify their long/short exposure according to the price action/news flow. Whereas Indices are now set with weekly & monthly expiries.
Earlier both Nifty50 and BankNifty expired on the same day ~ Thursday. So the speculation was either mostly on that one day or via overnight positions built up towards the expiry.
With the new changes 6 separate indices are set to expire on separate days of the week, which means a speculator has the opportunity to gamble into a long or short exposure every single day of the week.
We now know the speculator is only interested in making money provided his views/research is accurate. Honestly I still dont believe any retail trader is a match for the institutions with their supercomputers, mathematical modeling or the kind of talent they attract. So if someone has to lose money in this process, it has to be the lowest hanging fruit.
Since there are daily expiries, the retail trader is enticed into an opportunity to make easy money. The good thing is that overnight is not there, but this trader has to be knowledgeable enough on what he is getting into.
Both the size & count of betting will increase & its going to be a harvest for the Government, Brokers & Professional Traders. After a while it is going to be like any gambling sport or a lottery business.
Market makers will be glad to offer a wider bid/ask spread and profit, usually the end trader is not aware of this slippage.
Since the volume of trades are going to explode, there is a risk of risk-oversight. Let me try to explain.
Case1: Markets prefer to stay range bound — this is the best case for all the participants. Most often the day ends just like the day begins & there are no hefty options adjustments, roll up or roll down.
The premiums in the strikes will be normal (usually low)
Since the swings are normal, option strikes do not create unwanted build up of open interest (volumes will be as usual)
This scenario is safe for all the participants even though there is an equal amount of money to be won or lost.
Case2: If the markets start to pick a direction — it is going to have a spiraling effect which cannot be quantified by any mathematical modeling
If the markets are moving against a net sell position, the trader will start covering to reduce loss.
This will create a spike in open interest of that strike & nearby strikes.
Once the volumes begin to spike, more speculators will jump in creating premium mispricing.
When the option premium mis-pricing exists, arbitrageurs will enter the game.
Market makers will be glad to write options & counter balance it by going long or short in the underlying. This algo or HFT will further escalate the directional move.
This 2nd category will create a self perpetuating trap if left unchecked. The high frequency traders are usually computerized and do not stop if they see the directional movement picking up speed. These machines feed on this distress & usually suck the soul out of the retail traders. Well it’s not a fault, but the machines are engineered that way.
The indices would fall or rise for no real reason and could wipe out a select portion of traders due to their unlimited loss options exposure. And the next day this index could revert to normal as this fall/rise was just due to speculation & nothing to do with fundamentals.
A black monday or a flash crash could be normal and more frequent. And there are 2 instances where this could even translate into deeper wounds.
The same component stocks, almost in the same weightage are participating in adjacent expiries.
FinNifty on Tuesdays & BankNifty on Wednesdays
Nifty50 on Thursdays & Sensex on Fridays.
So if we had a big movement on a Tuesday, it could even set the stage for further acceleration on Wednesday as the same underlying component stocks were impacted.
Having said all these, I am sure there would be many think tanks who would have thought through all these & implemented some safety nets to protect the vulnerable subset of people. If the case1 scenario plays out it should be a hunting ground even for a commoner like you & me to make some money!
Axis Bank stock technical analysisIdea:
I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks.
Entry:
I would enter a long position on Axis Bank above 990. I would use a stop loss of 985.
Target:
My target for the trade is 1050. I would exit the trade if the stock closes below 985.
Risk:
The risk on this trade is 50 points, or 5% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Here are some additional factors to consider when trading Axis Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend.
The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price.
Please do your own research before making any investment decisions.
Expecting a violent move Icici Bank is at ATH as well as forming a very good tight range in daily chart. On the breakout of the range we can expect a good move.
Bank Nifty - 09 June 2023Detailed Analysis has been posted in my YouTube channel.
I expect the market to be Bearish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
BankNifty Future Analysis for Tomorrow 8th June 2023BankNifty Future Analysis for Tomorrow 8th June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BankNifty Future Analysis for Tomorrow 5th June 2023BankNifty Future Analysis for Tomorrow 5th June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BankNifty Future Analysis for Today 24th May 2023BankNifty Future Analysis for Today 24th May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
Bank Nifty Levels for 24-05-2023In Bank Nifty Upper side 44075-44150 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43885.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Fin Nifty Levels for 23-05-2023In Fin Nifty Upper side 19600 is Important Level
and Lower Side 19200 is important level.
Previous day FinNifty has closed @ 19385.
Today FinNifty trades in range and small movements.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Nifty View for 23-05-2023In Nifty Upper side 18440 is Important Level
and Lower Side 18050 is important level.
Previous day Nifty has closed @ 18314.
I have small changes in levels as per today movement of Nifty
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Bank Nifty Levels for 23-05-2023In Bank Nifty Upper side 44075-44150 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43885.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BankNifty Future Analysis for Today 22nd May 2023#BankNifty Future Analysis for #Today 22nd May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BankNifty Future Analysis for Today 19th May 2023
#BankNifty Future Analysis for #Today 19th May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
Banco Products, Positional CallBanco Products has broken out to new highs, making it a good stock to consider for a long-term investment. The company currently has a dividend yield of 6.95%.
Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications. A recent articlkes says "The Global Automotive Heat Exchanger Market size was valued at USD 22 billion in 2021 and is expected to reach USD 39 billion in 2030 at a CAGR of 7% from 2021 to 2030."
BankNifty Future Analysis for Today 15th May 2023#BankNifty Future Analysis for #Today 15th May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 43793
#IntradayLevels
#Bulls can be active above: 43860-85 For the Levels Above
R1 - 44006.40
R2 - 44124.75
R3 - 44267.25
#Bears can be active below: 43672 For the Levels Below
S1 - 43582.85
S2 - 43489.30
S3 - 43290
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BankNifty Future Analysis for Today 8th May 2023#BankNifty Future Analysis for #Today 8th May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 42712
#IntradayLevels
#Bulls can be active above: 42800 For the Levels Above
R1 - 42906
R2 - 43013
R3 - 43133
#Bears can be active below: 42647 For the Levels Below
S1 - 42557
S2 - 42446
S3 - 42334
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BANKNIFTY FUTURE INTRADAY LEVELS FOR TODAY 4TH MAY 2023#BankNifty Future Analysis for #Today 4th May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 43312
#IntradayLevels
#Bulls can be active above: 43368 For the Levels Above
R1 - 43472
R2 - 43578
R3 - 43713
#Bears can be active below: 43248 For the Levels Below
S1 - 43164
S2 - 43059
S3 - 42910
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BANKNIFTY INTRADAY LEVELS FOR TOMORROW 3RD MAY 2023#BankNifty Future Analysis for #TOMORROW 3rd May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 43367
#IntradayLevels
#Bulls can be active above: 43427 For the Levels Above
R1 - 43516
R2 - 43614
R3 - 43713
#Bears can be active below: 43301 For the Levels Below
S1 - 43196
S2 - 43082
S3 - 42978
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BankNifty Future Analysis for Today 2nd May 2023#BankNifty Future Analysis for #Today 2nd May 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Zero Line (Previous Close): 43217
#IntradayLevels
#Bulls can be active above: 43300 For the Levels Above
R1 - 43354
R2 - 43472
R3 - 43598
#Bears can be active below: 43137 For the Levels Below
S1 - 43052
S2 - 42923
S3 - 42783
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
BANKNIFTY INTRADAY LEVELS FOR TODAY 28TH APRIL 2023#BankNifty Future Analysis for #Today 28th APRIL 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
