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Infy: Chart setup, Risk Reward levels & my trading strategyInfy (1492) We are looking at weekly candlestick chart In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts. Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone If withheld then stock can be looked with an upside target potential of 1666 / 1735. SL 1444 My trading strategy: Bullish Calendar Put spread Take care and safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFYLong
by indiamarketoutlook
3
Nifty Chart set up for Final 29 March expiry weekNifty Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels Nifty achieved it's 1st target but is struggling thereafter. In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target. On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold. Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065. Now heading in to the final week of March expiry. Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI. Team India looked in control of the game till 35th over but collapsed in the final overs. The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall. And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)... Psychologically Nifty closing above 17155 could give some hope to Bulls. Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control. Important levels on the upside 17155 / 17233 / 17400 Important levels of the downside 16960 / 16828 / 16449 I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite) Take care & trade safely...!!! If you find the Analysis helpful do Hit the Like button and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty: At Lower end of the channel and trading strategy for MarNifty Did I know the SVB Bank collapse... Absolutely No! But Technical Analysis gave us a warning signal well before the NEWS. I had shared the analysis well in advance... More so I have also shared analysis on Banking stocks which were suggesting those were at resistance levels. The results are in front of you. Nifty is now at the lower end of the channel. Banking stocks have taken resistance exactly at levels mentioned. What next... Nifty looks likely to be in down trend. Although risk::reward ratio to short now has a higher risk. Also I'm not expecting a new high any time soon... Nifty could be range bound. For March series I would look at 16600-16750 odd levels as support zone and upside might be capped at 17300-17400. My trading strategy Short strangle which keeps me protected for a rise up to 17570 on the upside and 16430 on the lower side. As well as has a 8% profit potential till 29 March 2023. Trust this would help you Plan your trade. Focus on managing your risk. If risk is managed you would tend to have a higher chance to stay profitable..!!! Take care & safe trading..!!! Like and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
2
Nifty: But I still haven't found what I'm looking for...Nifty Yesterday if we observe in daily candlestick charts Nifty formed a Doji candle - suggesting indecisiveness. Today on a 15 min candle we observe Nifty struggling to stay above yesterday's high as of now. Based on data analysis, FIIs were once again seen selling Index Futures. That makes it clear why Nifty has struggled so far. Now that Nifty is near their cost, will we see FIIs covering their Shorts? Mind you the Long:: Short ratio of FIIs in Index Futures is 1::7.8 This ratio is similar what I have seen in early Mar 2020, 3 weeks before the Lock down announcement. Either they know something that we don't know or we might see them covering their short in a day or two. For Bulls to have any hope, Nifty needs to above 17131 odd levels and sustain above 17065 for 2 more days thereafter. Plan your trade accordingly and focus on managing your risk.
NSE:NIFTY
by indiamarketoutlook
3
Nifty: Mar 16 Expiry Review and way forward"A reversal is just anything that's a surprise. It's a way of keeping the audience interested" - Tony Gilroy The back drop before the day started - negative NEWS in the Global front / - European Markets closing 2-3% down yesterday, - Negative mood in Asian Markets There were people giving interviews of Nifty falling up to 15100 odd levels. So it was easy to assume more downside... And that's when Markets moves in the opposite direction and we complain Markets are all manipulative. No my dear friend... Markets are not it is our mind that gets manipulated... You see markets were giving us signals loud and clear.... What we chose to listen makes the difference... On March 2nd, Technical Analysis had given us an indication that 17800 is big resistance and also given us a target of 16900 for the market in current set up. Well Nifty made a perfect high of 17799.95 and today has achieved it's target of 16900 too... Yesterday too I had given the blue box framework for Expiry range and suggested to use it to understand the Risk :: Reward potential at any given price. In morning trade when Nifty came to the lower level of the blue box where do you think Risk::Reward ratio was favoring? It worked to perfection as Risk::Reward ratio was certainly not in favor of shorts but rather on the Long side in morning trade where it made a closing low of 16865 and the 3rd candle closed at 16877 (16875). Pls also understand we cannot be taking these numbers exact pin point. Look at this number as zone. Be flexible. Observe market behavior around these levels. One cue here for free.... 3rd candle usually helps confirm whether the breakout / support / resistance is real or it was just a shakeout. Again around 12:30pm it gave another opportunity when it took support at 16923 (Level given 16930) odd levels. Again the 3rd candle closed well above at 16946. Eventually closing the day at 16985 (16960) So still want to depend on NEWS (Noise and distraction) or follow Technical Analysis and be a STEP Ahead...!!! My broader view is still the same. Rangebound between 17400 /17500 on the upside and 16800 / 16600 on the lower side for March series... Take care & trade safely...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: Bounce back... what next?Nifty, If you have been following me, I was shouting from the top of my voice to sell when Nifty was above 18000. Yesterday I had mentioned 2 things - to watch out for weekly closing - Above 17430-17450 zone, next resistance is around 17604-17620 odd levels - focus on Risk Management. We were close to lower end of the Red channel That's what we are seeing right now, Nifty opened at 17451 and made a low of 17427.70 respecting the said zone to perfection and thereafter the Index has rallied non stop to make a high of 17597.8 so far... 150 points roughly straight away from 17450 odd levels... Right now we are close to the mid range of the channel and also the Black Line of resistance around 17620 odd levels. Risk::Reward ratio looks manageable from current levels to short. Given the setup, my trading strategy Sell 17800 Call option 29 March 2023 expiry in 2 tranches. Currently around 128 and rest on Monday. I would exit if Nifty closing is above the Green trendline (around 17680) Take care & safe trading..!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Reliance: Chart set up and trading strategyReliance We are looking at Daily chart of Reliance Industries Observations - 2420-2450 has the potential to act as resistance - One may also look at the Red Line of Resistance as potential supply zone - 2180-2220 has the potential to provide support to the stock - The Green Line of Support comes around 2163 Given the chart setup, My view : Rangebound between 2220-2450 My trading strategy: Short strangle strategy for Mar 2023 series Sell 29 Mar 2500 Call option & Sell 29 Mar 2200 Put option Understanding risk profile and reward potential The strategy has a profit potential of approximately 14.5% till 29 Mar 2023 on Margin requirement and has in built loss protection - for a fall up to 2142 on the downside and - for a rise up to 2558 on the upside Review points for me 2220 on the downside & 2450 /2485 on the upside The review points should give ample scope to adjust / exit in case view is getting invalidated. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:RELIANCE
by indiamarketoutlook
10
SBIN: 560-580 Make or Break zone SBIN - The stock has seen a nice recovery over the last couple of days rising from the Budget day low of 499.35 to 567.9 today Observations - The zone o 560-580 is very important for SBIN - Black Line of Resistance coincides with Yellow Downtrend Line at around 580 odd levels - 61.8 Fib retracement level is also at 579.80 Making the current zone all more important. Bulls need a sustainable price movement above 580 levels for further rally. If gets resisted then SBIN may resume it's down trend again On the lower side the Blue Line may be looked at first Line of Support. My trading strategy Bear Call Spread strategy. Exit if SBIN closing above 585 on daily charts. Take care and Plan your trade accordingly...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:SBINShort
by indiamarketoutlook
ONGC: Chart set up and trading strategy ONGC Observations - we are looking at daily candlestick chart pattern - In Jan 2023 stock faced resistance around 151-152 odd levels - mid Feb we see a breakout - currently the stock is holding on above 151 odd levels set up opens up doors for upside up to 166-168 odd levels SL If stock is closing below 150 on daily charts I have gone with a trading strategy which gives me complete protection below 152. Focus on your Risk Management and plan your trade accordingly. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGC
by indiamarketoutlook
Nifty: Is Nifty in a downtrend for 8-13 monthsNifty If we look at the overall chart structure, prima facie it looks like Nifty has started a downtrend from Dec 2022. Currently, Nifty is trading below 21 day EMA, 63 day EMA and now also below 252 day EMA If Nifty weekly closing is below 17430, then it may signify that Bears are in control of the market as of now. Above 17430 Nifty too Nifty may face another stiff resistance around 17604-17620 odd levels and final resistance looks likely to be around 17800 odd levels. So Bulls have an uphill task. Below 17280 may potentially open doors for further downslide towards 16900 odd levels in the short term. The structure can take Nifty down to around 16000 odd levels by September 2023. Important levels on the upside in the short term 17430-17450 / 17604-17620 / 17800 odd levels Important levels on the downside in the short term 17331 / 17280 / 17080 / 16900 odd levels Focus on Risk Management and Plan your trade accordingly...!!! Take care and trade safely...!!! Take care & trade safely...!!!
NSE:NIFTYShort
by indiamarketoutlook
1
Nifty: Nifty expiry Target of 17564 done for us!!!Nifty 17564 If you have been following me, Nifty has respected most of the levels identified with the help of Technical Analysis The yellow zone above 18000 has been drawn long back. You can check my previous post Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing the red line. I had given a figure of Nifty closing below 17836-17854 odd levels could be a cue of Nifty testing 17564. We cannot time the market but when time comes we can sure make the most of it. I was expecting this test to happen on Thursday but market has it's own way. It has done that today itself. However it gave ample opportunity to entry. We had positioned earlier with a Bear Call Spread strategy. When Market gave signals by breaking below the Blue line we took some aggressive bets as well by Buying Mar series Put options as well. Yesterday Nifty closed a tad below 17836 levels at 17826. Results are in front of you... How doing your study well can reward you... We have booked profits in stages today with complete profit booking done when Nifty came to 17564 This is not a case of any fresh trade but a post to make you understand that when times are tough study will help you and can keep you ahead . Invest your time in learning...!!! Trust my analysis has been of help...🙏 Like and Follow To trade with me...!!! Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
4
Nifty closing below the blue trendline and Monthly expiry viewNifty As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964 - Now On Hourly charts Nifty has closed below the blue trendline - On the upside 17965 / 17996-18030 is very crucial resistance zone - On the downside 17836-17854 if taken out then it potentially opens gate for further downside up to 17564 till Feb expiry. Take care & safe trading....!!! Do Like and Share Follow for more trading ideas from me Learn to earn Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty: How I am looking at closing. Did my analysis helped? Nifty - When Nifty was at 18060-18065 odd levels short was recommended. Currently Nifty is down 170 odd points. For Positional play, today's close is very important - Watch out for 17860-17800 odd levels on the downside. If taken down, it could trigger more selling pressure. Bears might start tightening their grip - Between 17860-17965 odd levels and the Battle of Bulls and Bears is still in balance - above 17965 Bulls might have an upper hand - going forward closing above 18035 on daily charts and I would consider exiting my short position - below 17800 doors might open up for fall up to 17484 odd levels Do Like and Share Follow for more trading ideas from me Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty: At upper end of resistance band. Taking calculated shortNifty In my last update, it was suggested that on the down side 17860 is important level to watch out for and that Nifty has a high probability of testing 18030 odd levels in a day or 2. Next day, On a 15 minute candlestick pattern, Nifty made a closing low of 17861 and bounced back immediately and then made a closing high (15 min candle) of 18023 odd levels. Both levels worked very well. Today Nifty has opened gap up and is trading at the upper end of the yellow resistance band. Now is the testing time... If Nifty sustains above the yellow resistance zone then possibly Nifty might head further towards 18200 / 18400 odd levels. Unable to sustain would suggest less Buying interest above 18000 and that would give an upper hand to Bears to go short again. Remember this rally has been led by short covering by FIIs. There has to be follow up buying for the rally to be sustainable. As suggested in previous post, I was ready to see this level and on signs of rejection would be taking further action. - Nifty is trading below it's opening price - Nifty is trading below VWAP - Reliance and ICICI Bank on expected lines showing profit booking at resistance levels mentioned in their respective post. Given the cues, Now Adding to my short position (again it is hedged position). I would be closely watching Friday's close. I could be wrong and I am willing to take a calculated risk at current levels. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
2
Nifty: Chart setup, chart view and trading strategyNifty Chart set up Since Jan 27, Nifty has traded for 12 days inside the candle body of 27 Jan 2023. Chart view Whether the breakout is real? The real challenge would come above 18000. Whether it is able to sustain above that. On the downside watch out for 17860 odd levels. If that level is taken out, Nifty might fall towards 17600 / 17400 odd levels and below 17400 further down towards 16800 can not be ruled out. My trading strategy : Bear Call Spread strategy for Mar series Sell Nifty 29 Mar 2023 series in 2 tranches 18200 Call option currently around 214 -215 & Buy 18500 Call Option currently around 98-100 Net Premium receivable 115-116 points (Rs 5750-5800) per strategy lot On a margin requirement, it gives a profit potential of approximately 18.2% till 29 Mar 2023. It has an inbuilt risk cover for a rise up to 18315 till 29 Mar expiry. There is a possibility of Nifty heading towards 18030 odd levels in 1-2 days. If Nifty struggles above 18000 then I would use the 2nd part to sell. Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook