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NIFTY 50, 1D, RISE AND FALL, CORRECTION IS NEARGiven: NIFTY 50 : P/E = 34.73 :( STOCH RSI = OVERBOUGHT :( Nifty 50 is currently all time high. :) Trend-line Resistance is at near 13200 level and also GANN Static level is at 13000 - 13225. Trend-line support is at near 12460 level Also noted, there is a support zone at same 12460 level on Weekly time frame, which makes it a strong support level. MY ANALYSIS : NIFTY50 may immediately touch 13100 -13200 level and retrace back to near 12460 - 12500 level and then goes up and move in a Channel.
NSE:NIFTY
by m2gud
6
1:6 RR - NMDC Good Long Opportunity - Short Term TradeGood Long Opportunity for Feb expiry. The 15 mins downtrend that started on 21st January 2021 was broken recently on 17th February. On 18th February the price made higher lows and higher highs and the previous swing wasn't tested. This is a sign of good strength. An interim resistance was broken today and the price closed taking support on the level. Signs of Strength: Nifty in Red but NMDC made higher highs PSU Stock and PSUs are having their bullish rallies. This one is yet to rally since the budget. Closing above resistance and taking the support. Buy NMDC for a quick target of 122.5 and see if we sustain the level. If we break with strength then an easy target awaits at 130. Keep a strict stop loss at 118. There is a 40% chance of hitting the SL however since the risk-reward is too good to ignore, I have personally taken my position at the last minute today. I wouldn't mind my SL getting hit either. Once we cross 124, I will move my SL to 122 and ride until 130.
NSE:NMDCLong
by ShekharChatterjee
3
TCS: Sell on rise set upTCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on 25 Feb 2021 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:TCSShort
by indiamarketoutlook
Reliance: Chart set up and trading strategyReliance 1937 - We see the stock in consolidation mode since November 2020 - 2015-2045 is crucial zone for Reliance on the upper side - support near Blue line support zone (Currently near 1860) and 1800 odd levels Given the set up one may consider the following strategy Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35) & Sell Reliance 2200 February 25, 2021 expiry 2200 Call Option ( around 35) Net Premium receivable 70 points Max profit potential Rs 17500/- per strategy lot till 25 February expiry giving a yield potential of 18% ROI (on Margin required) Loss in strategy if closes above 2270 or below 1680 on 25 Feb 2021 Review points, In case if, Reliance closes above 2045, or below 1830 for 3 consecutive days. Hit the Like button if you find it useful Follow for more such ideas Look for my previous ideas in Reliance in the Related ideas link below 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
Nifty: Chart set up & potential trade strategyNifty Closing Price 14199 Observations - we see a co-relation in the 2 trending Zone between May 20 to July 20 and current trending zone from which started in late October - Now if the pattern is to continue we might be in for a range bound market till March 2021... Given the chart set up one may consider the following strategy for February series Consider to Sell Nifty 25 Feb expiry 14700 Call Option (Closing Price 240) & Sell Nifty 25 Feb expiry 13400 Put Option (Closing Price 169) Max profit potential in strategy Rs 30675/- per strategy trade till 25 Feb 2021 (20% max ROI potential till 25 Feb 2020) Risks involved in the trade - result calendar would start soon - Budget event in February The strategy provides a Risk cover for a rise in Nifty index price up to 15109 or drop in price up to 12991 till 25 Feb 2021 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