With the bears failing to bring down the upmove in indices, which started in June we could see massive short covering. The only thing that can arrest the current momentum is profit booking and it looks likely to happen near to 17760-17860 levels. Once the index reaches those levels we may get to see signs of further market direction. With gap between bond and...
With the index having run up almost 1550 points from June lows, it is reasonable to expect some profit booking. Given that monthly expiry is in two days we can continue to see profit booking which can drag the index to lower levels. The upside seem to be capped at this stage near 16700. On the downside we could see the index moving to 16500-16380 zones which can...
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis .
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
Please support the channel by liking, sharing and subscribing.
Strategy to follow :
1. Avoid current weeks expiry.
2. Trade with strict stop loss.
3. Trade with small quantity.
4. Take entries based on Support and Resistance levels.
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to...
Since Tomorrow is expiry, hence only considering safe buy trade above 37020 sustainable breakout.
Trade Setup for Date: 16-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the...
Expiry Trade plan
17250 to 17050 is ideal range of 200 points for tomorrow
Depending on opening positions can be created:
Ideal expiry hero - zero trades can be taken at
Nifty PE around if spot price is around 17250 in second half (11.30 -1.30)
Nifty CE around if spot price is around 17050 in second half (11.30 - 1.30)
Opening Trades will be volatile if...
Tata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong...
We might see a pull back to 38900-39100 before Weekly Expiry of 18th Nov, If It survives downside support levels of 38100-37900..
Might get a Jackpot trade on Expiry if we get a sideways market on Wednesday..
On a minute candle stick pattern, nifty shows, breakout level only above 18356, Even if opened positive on 28th october 2021, there is no trade zone for option buyers ( Call and Put ) between 18250 to 18356,
Heavy chances of premium decay,
Nifty closed below a strong trend line, If opened and trade below 18250, there is highly possibility of testing 17800.
Marrket will go up tomorrow for sure but it would take support in 17450 area.
You guys can Scalp with Sell position but with manual stoploss .
You can look for long opportunity around 12 to 1.30 .
You can Scalp just for first 30 minuts after opening.
If open gap-up in the range of 35850-35900: buy 35900 put for the target of 35600
if open gap-down: wait till it reaches 35500 and if taking resistance at 200 ema in 5 min chart,
buy 35500 pe
or if goes down after gap-down, wait for the price to come near the demand zone (35000-34800)
and buy 35000 ce if any technical pattern forms on 5 min...
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a...