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Futures

Nifty: Chart set up and trading StrategyNifty - Nifty seems to be in Consolidation phase - Box size is roughly 440 points - On Breakout Nifty might move towards 17900 odd levels - if there is a Breakdown, potential downside target 16560 _______________________________________________________________________________________________________________ Important levels and potential different scenarios have been discussed. For the given set up, my trade strategy for Nifty is a Short Strangle for April series Sell Nifty 28 April 16300 Put Option (@120) & Sell Nifty 28 April 18300 Call Option (@80) The strategy has approximately 11% profit potential on Margin and provides Loss protection for a fall up to 16100 on the lower side and 18500 on the upside. ______________________________________________________________________________________________________________________ The strategy - provides good return potential - factors in different situations, - gives flexibility to be wrong, - gives time to adjust trade - and thereby be in a better position to manage trade _______________________________________________________________________________________________________________________ For more trading ideas like these Like & Follow 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: Trading strategy for March expiryNifty has taken resistance today at 61.8% retracement level Going forward important support and resistance level for Nifty Resistance: 17320 / 17440 / 17620 / 17735 Support: 17051 / 16960 / 16820 / 16705 Suggested trading strategy Given the set up, One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option simultaneously. This Short Strangle Strategy has 11% yield potential till 31 Mar expiry Importantly, the strategy has Loss protection for a fall up to 16473 on the downside and on the upside for a rise up to 17927 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
BTC/USDT Hourly BreakoutBitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point. Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the broken trendline for bulls to act. In case of a fakeout Bears will enter and drag the price further down.
Long
by tradewidmufeeth
2
Tata Consumers looking good for Swing!!NSE:TATACONSUM TATACONSUM took a good correction from its high and took a support from lower levels and is now looking good for taking a swing trade in Equity or futures. It seems bullish as per chart and also RSI divergency is bullish also volumes are seems to be much bullish as they are much higher then past 90days. One can consider buying it now on CMP or on retracment if comes. It can be brought in futures and Equity both at your own risk. targets will be as per given in chart and stoploss will be below 720 on day closing basis. Happy investing....!! NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
NSE:TATACONSUMLong
by Arshad_Khatib
Get the major levels through Pitchfork like a Pro!Hey everyone, My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’. Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from Newton’s third law of Gravity, which is action-reaction theory. So, the main root for the idea of this pitchfork tool is Sir Isaac Newton. The pitchfork looks like the gardening/agricultural tool used for picking and throwing loose material. There is a usage of median as its primary support or resistance level. There are 4 types of pitchforks, i.e., Original, Schiff, Modified Schiff and Inside. We will discuss only about Original Pitchfork today, which is used in trending markets. The other types of Pitchforks are used in consolidation or reversal or trending markets too. Comment below if you want to learn about the other types of Pitchforks too. There are few trending ways of trading the breakout of Pitchfork, i.e, Price Failure Rule, Divergence, Mini-Median Line and many more. We will not focus on them right now. Do let me know if you want to try them too. How do I trade the Pitchfork levels? Currently I’m using the Original Pitchfork (for the trending market) with the median levels: 0.5, 1, 1.5, 2. The main median line is red. 0.5 and 1.5 lines are dashed. 1 and 2 are important median lines. Let’s start with the strategy. We shall start from higher timeframe first. I’m using daily timeframe. Here is how to draw it: I started to draw the Pitchfork from the first low (marked with ‘A’) of the current trend, then you shall click on the next high (marked with ‘B’), then the next low (marked with ‘C’). Do not forget to turn on the magnet, because every pip matters while drawing the Pitchfork. Now, you will get the levels to trade. We shall go to the lower timeframes now and check if it is in the same trend till the 15mins timeframe. You have to look for few confirmations on 1 and 4 hourly timeframes before taking the trade. These confirmations may be any candlestick pattern and try confirming with any good oscillator too. Remember, in the starting of a bullish market, you should always long your first 3 or 4 swing trades. Here are some of the observations: Prices will touch these median lines before making any move in 80% of the cases. There are 20% chances that prices might not touch the median levels due to sentiments. After touching any median line, price might want to reverse or pass by the median line. For confirming the reversal, you should look for any candlestick pattern and there should be overbought or oversold situation on your oscillator too. Do not take the trade if any one of them is not present on both 1 hourly and 4 hourly timeframes. The target will be the next median line upcoming in the direction of your trade. (For swing trade) For passing by a median line, price will take a pull back on the 15 minutes timeframe after passing by a median line, in most of the cases. It will always make a wick or some engulfing or doji candles there. These candles are the confirmation that you can trail your SL or get into the trade. Trust me, it is not as easy it looks on the higher timeframe. The main game is taking entry on the lower timeframes. Try back testing this strategy before using it. Always use proper risk management. Trade Safe!
NSE:BANKNIFTY1!Education
by theTAguy
13
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