Get started

Futures

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
Nifty: Budget time and chart set upNifty Chart set up - In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels - a lot of resistance between 17740-18140 - on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels Derivative Data - FIIs have gone in to the Budget day with negative bias My view Given the data and chart set up, I'm not too optimistic about the reaction to Budget announcement. Trading strategy I would be playing this market defensively. - Trade with low capital - Reduce Long positions - Take calculative short positions which would have inbuilt protection till 18250 odd levels Trust you would find the analysis and insights helpful. Take care and play safe 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