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Nifty: December monthly Expiry view Nifty - Nifty has had a nice pullback from the lows of 17780 odd levels this week - today it respected 50 day EMA at 18164 odd levels - Will the pullback continue or will it stop??? Let's look at Futures and Options data ____________________________________________________________________________________ F&O Data analysis ____________________________________________________________________________________ Futures Data - Retail participants booked profits / exited 4.4 K Long Contracts & added 7.67 K Short contracts - FIIs added merely 580 Long Contracts and exited from 2.80 K Short Contracts - Pro traders added 5.32 K Long contracts and exited from 1.09 K Short contracts Call Option - Retail participants added 5.93 Lakhs Call Long Contracts & added 4.82 Lakh Call Short contracts - FIIs added 2 K Call Long Contracts and added only 778 Call Short Contracts - Pro traders added 92.56 K Call Long contracts and added 2.04 Lakh Call Short contracts Put Option - Retail participants added 3.85 Lakh Put Long Contracts & added 3.80 Lakh Put Short contracts - FIIs added 5.43 K Put Long Contracts and added 11.85 K Short Contracts - Pro traders added 70.15 K Put Long contracts and added 88.14 K Put Short contracts Put Call ratio is at 1.13 (Neutral zone) ____________________________________________________________________________________ What we make from the data reading... Retail traders have been exiting from Long position since last 3 days. FIIs are in holiday mood ( not trading actively in F&O) Pro traders have been exiting from short positions in Futures in last 3 days and have added Long position in Futures today. They have used Options to hedge their position. ____________________________________________________________________________________ Conclusion and important levels for the day As I am writing, our Dow baba (Dow Jones) is down 300 points, but based on Nifty Chart set up and F&O data, prima facie I'm not expecting a big down fall. The battle is our space in between Pro traders and retail traders. My closing figure for Nifty expiry day On the lower side 18048 / 18033 / 18011 On the upper side 18155 / 18181 / 18233 With tomorrow being expiry day, pls understand Markets are dynamic and data changes every moment. This view can change during market hours and I may or may not be able to update the same. Trading Options on expiry day require more skills, more study and then there is luck that may favor you :-). Pls do your research and follow risk management. Read the disclaimer carefully. ____________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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: Was I lucky, was it a fluke or was it a reward for study?Yesterday night, I had put forth an analysis where I had suggested that not expecting a big down day closing today. Remember that - Dow was down 300 points - Asian markets were down but I had clearly written that this is not about world markets. With FIIs in holiday mood, our Nifty movement will depend on the battle between retail traders and Pro traders. My expectation based on study was Nifty likely to close higher towards 18155 / 18181 / 18233 (those have been highlighted) in yesterday's analysis. Nifty after opening gap down traded at the lower end of the channel till 1 pm. 15 minute candle closing low was 18003 and once it came back above 18011 and sustained, we suggested taking a Long trade at 18017... again it is there in the timeline... Once it broke past 18048 it raced towards the upper end of the channel making a high of 18229 (Broader range given 18233) and then eventually closing the day at 18191 (just 10 points adrift from 18181 level). Not bad I guess.... All the levels identified through analysis have been respected... You can call it a fluke... you can call it a Lucky bouy guess or you can acknowledge that the study paid for the efforts put in... Hope the analysis helped you too. If not, I cant help it. Can't be more precise than this...🤷‍♂️ Take care & safe trading...!!! To trade with me Do hit the Like button and Follow
NSE:NIFTY
by indiamarketoutlook
Nifty: At 50 day EMA and my trading viewNifty In my last take on Nifty futures when it was at 18687, I had given a target of 18258. I exited from the trade in Futures very early ( I too am human and can get scared sometimes) and then went with some Call short position for better risk management. If you see the Nifty Futures chart now... Nifty futures made a low of 18231 / 18223 and so far has managed to stay above 18258 odd levels on closing basis. (400 plus points... Not bad to get the levels right at least from analysis angle) Coming to Nifty Spot chart we see 50 day EMA at 18191 and Nifty managed to stay a tad above so still there is hope for the Bulls for a late Santa Claus rally. Put Call Ratio is at 0.61 Given the set up, and data parameters, I would not consider any short positions for now. My trading setup: I would consider taking a bullish stance for the next 1 - 2 week with 18114 / 18080 in Nifty spot as my SL. If I see things favorable (on the downside Nifty should not breach 18114 -18080 levels), I would consider selling Put options as it provide some margin of safety. On the upper side if Nifty manages to take out 18244-18262) on hourly chart, I might consider some aggressive bets on the long side as well with 50 day EMA or 18178 as my SL . Pharma sector showed some promise today and could be the dark horse going forward. Keep a watch on the sector. Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:NIFTYLong
by indiamarketoutlook
10
Asian Paints: How to play a channelAsian Paints The Chart set up - Since Oct 2022 the stock has been trading in a channel - chart is not strong but with crude prices stabilizing at lower side it favors the sector as oil is one of the major raw material. ___________________________________________________________________________________________________________________________ Trading plan One way to trade this is : Wait for the stock to give a sustained breakout from the channel. Ideally a 3 day close beyond the channel limits should be good cue. Then play for the size of the channel in that direction (roughly 150-180 points in the direction of breakout can be looked as target in this case) Second way to trade this Play for a Non directional trade The limits of the channel are roughly 3240-3244 on the upside and 3018-3030 on the downside Given the set up, consider a short strangle strategy to start with. Sell 3250 Call and Sell 3000 Put In case stock moves out of range, have a plan to Adjust your strategy to a directional one. ____________________________________________________________________________________________________________________________ Understanding reward potential and risk profile In scenario 2: The Strike Price chosen covers the known risk (Channel limits) It provides a profit potential of approximately 13400 per strategy lot (approximately 11.5% ROI on margin requirement). Take advantage of time decay in case the stock stays within the range. In addition, there is in built protection against loss for a fall up to 2933 on the downside and 3317 on the upside till 25 Jan 2023 expiry day. This should give ample scope to adjust strategy in case stock moves out of range. __________________________________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. To trade with me Like and Follow for more trading ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:ASIANPAINT
by indiamarketoutlook
2
Divis Lab: At support and trading strategyChart setup The stock has previously taken support at 3450 odd levels in late May - June 2022 / Aug 2022 / Oct 2022 - it broke down below that in November and the same level acted as resistance in for a month and a half - now again trading above the crucial levels - blue trendline support comes at 3330 odd levels on 25 Jan 2023 ___________________________________________________________________________________________________ My Trading strategy Given the set up going with a Put short Sell 3400 put option currently around 92-95 ____________________________________________________________________________________________________ Gain potential and understanding risk profile The strategy has a max profit potential of Rs 13800 per lot and (ROI potential of 15.5% approximately) The strategy has inbuilt loss protection for a fall up to 3308 till Jan expiry. ____________________________________________________________________________________________________ My Risk Management levels On the downside I would be watching out for 3405-3388 odd levels. It give enough time and scope to adjust / exit in case view gets invalidated. Take care & safe trading...!!! Hope the analysis and explanation of trading strategy helps you plan and manage your trade. Do let me know if you find the analysis and insights helpful. To trade with me, Do Like and Follow for getting more trading ideas like these...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:DIVISLABLong
by indiamarketoutlook
Nifty: On expected linesNifty first instance has taken a fall from the opening levels. Again if you see the chart we see it respected 21 day EMA. In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140 The same has been updated in my yesterday's post at 9:34am. Now Nifty needs a close above 18244-18262 odd levels on hourly candlestick basis... We wait patiently and let's see what we have got in store now...
NSE:NIFTYLong
by indiamarketoutlook
Infy: Chart set up and trading viewInfy - the stock is managing to hold on to gap zone levels - important support levels 1480 / 1444 / 1433 - 20 day EMA and 63 day EMA at 1562 and 1545 respectively Given the setup, one may consider to sell Infy January expiry 1460 Put option The strategy has a profit potential of 10% on Margin requirement and provides protection for a fall up to 1437.5 odd levels ( covering most of the known risk on charts) Do let me know if you find the analysis and insights helpful. Like and Follow for more ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:INFY
by indiamarketoutlook
Nifty Futures: Watch out for 18745 / 18653 levelNifty is at important zone Nifty important levels on the upside - 18716 / 18740 On the lower side watch out for 18653. If that is taken out then we might see Nifty drifting lower towards 18416 / 18258 These are Nifty Future levels we are discussing here You can keep the levels to watch out for as SL for your Long / Short position Plan your trade accordingly Take care & safe trading...!!! Like and share if you find the idea useful Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:NIFTY1!Short
by indiamarketoutlook
IGL: On the verge of breaking outIGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe trading...!!! Like and share if you find the analysis helpful 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:IGLLong
by indiamarketoutlook
Powergrid: Will it power its way to 231 / 238Powergrid The stock seems to have sustained above its crucial resistance level at 218 Now it has a clear path towards 231 / 238 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:POWERGRID
by indiamarketoutlook
IOC: Chart set up suggests Buy on DipsIOC The stock is in strong territory and has support at 73.5 / 68 Target for the current set up 79 / 84 / 90 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:IOCLong
by indiamarketoutlook
Nifty: Chart set up and trading strategyNifty is currently having support at 18400 odd levels Nifty all time high is at 18604 Given the set up one may consider to a Short strangle strategy in weekly options Dec 01 Expiry Sell 18300 Put optoin Sell 18650 Call option Net receivables 68-70 points Loss in trade if closing on Dec 01 is below 18232 or above 18718 Review points 18350 on the lower side and 18605 on the upside It should give ample scope to adjust / exit. 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
Nifty: Moving on expected linesNifty Yesterday I had given important levels for Nifty 18228 - It respected the level for the whole day and gave a breakout in last 1/2 hour of trade Above 18228 the next level given was 18304-18323 zone Today Nifty opened at 18325 and immediately retraced and traded the whole day in the yellow zone ( again the yellow zone has been marked in yesterday's analysis. Trust the analysis has been helpful in not being a blind bull in Nifty. Still sticking to the view of expected expiry range between 18036-18323 with Nifty level of 18180 being very crucial. Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
Nifty: 18350-18400 crucial zone to watch out forNifty The level of 18350-18400 has acted as crucial resistance in the past Immediate Support at 18258 odd levels High risk traders may consider buying Nifty 17 Nov expiry 18300 Put option between 58-66 (CMP 62.50) Target 84 / 96 / 102 SL 51.50 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
Laurus Lab: Important Support and Resistance levelsLaurus Lab we are looking at weekly chart of Laurus Lab Ltd the zone of 436-463 has seen buying interest on previous occasions Target 1 for the current set up comes to around 583-604 zone Target 2 - 700-720 odd levels Time frame 2-3 years A word of caution: Below 435 next important support is around 340-370 zone. So plan your trade accordingly...!!! This is from Positional point of view for Longer time horizon Take care & safe trading...!!! Like and follow for more ideas like these
NSE:LAURUSLABSLong
by indiamarketoutlook