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big daddy - reliance futureshourly chart of reliance futures charts closed above 2398.50 which was a crucial level. another resistance is at 2480.85 so the trend of reliance changes at around 2500 after which the highs at 2850 could be tested. the chart not only broke the crucial level but also managed to cross over and close above the resistant trendline which wasn't broken since 21st October shows strength. Reliance might lead the up-move for nifty. *educational purpose only
NSE:RELIANCE1!Long
by virralthakkaar
daily chart of nifty futures*for education purpose only daily chart of nifty futures it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone. markets are opening with a big gap today but doesn't look like it will cross above 17300 zone and sustain there. I will not be changing my view of 1. sell on rise & 2. keep it intraday only till 17300 is crossed with strength. macd is weaker than ever. both, macd and signal is below zero and had a bearish crossover. rsi is below 50 and looks like a nose dive. cmp:- 16635.05 support:- 15524.00 resistance:- 17301.55
NSE:NIFTY1!Short
by virralthakkaar
Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance. Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises. This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
NSE:BHARTIARTLShort
by tanaynaff15
Nifty: The 2-3-5 Rule works it's magicNifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th attempt at the support line, we went with the rule and were aggressive on the shorts. Note Technical Analysis is one thing and trading is another. Although I was aggressive on the shorts, in the trade we had, there was still margin for being wrong We had 18400 Call short position at 120 which was squared off earlier around 27 and shifted our call short position to 18200 Call short around 70 Along with that we had bought 17900 Put Long at 150 (this cost was taken care of and covered with the premium we had received on overall Call Short position. We had received 163 points from the Call Short position. So even if Nifty expiry would have happened at 18200 we would have still made 13 points on the overall Nifty trade ) Partial profit booking for 17900 Put was done on Friday around 254 and today we have booked full profits at 336. CMP for the 17900 Put is 380. I could have waited and earned more but that's fine with me. I had an initial target of 330 when I entered the trade at 150 and I am more than happy to get what I have got. 18200 Call option Short sold at 70 CMP 4. Overall a good day to begin the week with.... Enjoy & Happy trading....!!! 🙂 Trust you have found the analysis helpful. Trade responsibly 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
5
Nifty Caution: Danger ahead - Nifty could be attempting the Line of Support for the 5th time - the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time. - Would it break??? Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline) This is not an intraday view but more of a directional view in due course. Note our positions in Nifty has been taken earlier. You can go through my previous Nifty views to understand that part. Also, this is all about probability and not a necessity it would happen. So do follow your risk management measures. Trade accordingly. It's your money. Take decisions responsibly. 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: Keeping patience, Following 2-3-5 Rule & getting rewardedNifty Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021. For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it might tentatively reach there.... You can go in the link above and hit the play button and see Nifty movement after analysis was provided. It has touched the channel top exactly around the red arrow mark... Let me be clear, I'm not here trying to time the market but here to identify levels and opportunities with better risk::reward ratios . As a trader, one should keep patience and be focused on that aspect of the trade . Point 3 is one of the best places to take a trade where RIsk:: Reward ratio is favorable (depending on the trend; which in this case is on the short side). For details on the 2-3-5 Rule, one can refer the ITC post where I have explained the rule in detail, how one can look to trade based on the rule and what are the limitations. Note: this is not a fresh recommendation now. Please refer the Nov 01 post where I have mentioned, in the comment section too, where can one look to go short (in the zone fo 18060-18160). We have taken our positions accordingly as per the plan. Those who have followed it have been rewarded today. 🙂 Take care & safe trading...!!! And yeah, Do hit the Like button 👍 🙂 ( That idea got just 3 Likes 😒) To Trade with me, Follow me and get regular updates 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
8