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Futurestrading

NIFTY50 - SELL AND RUN AWAY ?Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these levels & It may witness a strong profit booking. General Elections result is due on 4th June & because of this, INDIAVIX has shot up from 11-12 levels to 22 level. This is also hinting a reversal. If any negative news flow comes in coming week or on elections result day, We may see huge fall in Nifty50. Hence I am creating huge short positions in Nifty50 June Futures at CMP 22960. I will add more position between 23150 - 23250, if comes. My SL would be 23400 & Targets I'm looking for are lower end of this channel which is around 22050 - 22120 & If it breaks this channel pattern on downside, We will see huge fall till 21000 easily (which is my second target) & beyond. Risk is small here & Reward is huge. That's why taking more position than usual. Not taking any position in options as May series options are expiring in 4 days & premiums of June series options are very very inflated. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYShort
by akshit_official
8
HINDUSTAN UNILEVER - SWING TRADE ON LONG SIDESymbol - HINDUNILVR Hindustan Unilever is currently trading at 2185. 2185-2140 is a good support area for Hindustan Unilever. I'm seeing a trading opportunity on buy side. Buying Hindustan Unilever Futures at CMP 2185 I will be adding more if 2150 - 2140 comes & hold with SL of 2090. Targets I'm expecting are 2265 - 2380 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:HINDUNILVRLong
by akshit_official
1
ASIAN PAINTS - DOUBLE BOTTOM LONG ENTRY - POSITIONAL TRADESymbol - ASIANPAINT Asian Paints is currently trading at 2822 2780 - 2830 is a good support area for Asian Paints. I'm seeing a trading opportunity on buy side. Buying Asian Paints Futures at CMP 2822 I will be adding more if 2785 comes & hold with SL of 2760 Targets I'm expecting are 2915 - 3015 - 3140 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:ASIANPAINTLong
by akshit_official
10
BANKNIFTY - GOOD TIME TO CREATE LONGS ?Symbol - BANKNIFTY BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area. I think BN will take support at these levels & will show a reversal from here. Hence I am creating long positions in BN futures at CMP 47335. I will add more position between 47080 - 47200, if comes. My SL would be below 47000 & Targets I'm looking for are 47900 - 48470 - ATH.
NSE:BANKNIFTYLong
by akshit_official
11
SWING TRADE IDEA - BATA INDIASymbol - BATAINDIA BATAINDIA is currently trading at 1340 1280 - 1350 is a good support area for BATAINDIA. I'm seeing a trading opportunity on buy side. Buying BATAINDIA Futures at CMP 1340 I will be adding more if 1300 comes & hold with 1280 SL. Targets I'm expecting are 1435 - 1525 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BATAINDIALong
by akshit_official
WILL NIFTY50 SHOW REVERSAL FROM SUPPORT LEVELS ?Symbol - NIFTY50 CMP - 21980 NIFTY50 witnessing heavy selling and now slipping below 22,000 round level. Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels. 22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon. Dow Jones is at good support levels, Crude is showing reversal from upper levels etc. are the triggers that will help Nifty to go higher from current levels. Hence I'm taking Future long positions in Nifty at CMP 21977 - 21980 I'll add more position around 21920 - 21930 levels, if comes & hold with 21880 SL. Targets will be 22170 - 22300 - 22430
NSE:NIFTYLong
by akshit_official
On-Neck Pattern Breakout on TVS MotorAn On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:TVSMOTOR Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for Educational Purpose only.
NSE:TVSMOTORLong
by raigvivek
2
UNI/USDT Analysis: Potential Correction towards 4.8-4.9 ? UNI/USDT is currently facing a significant resistance area between 5.65 and 5.70. Traders should closely monitor price movements within this range, as a breakout above it could signal a bullish trend continuation. However, our analysis suggests that a price correction is likely in the near term. We expect UNI/USDT to correct towards the key support level at 4.8-4.9. This correction would provide traders with an opportunity to consider long positions at a more favorable entry point. Additionally, the 5.65-5.70 area has witnessed a support-resistance flip, indicating a shift in market sentiment. Previously acting as a support, this zone has now turned into a resistance level. Traders should pay attention to this flip, as it may act as a catalyst for the anticipated price correction. Despite the recent resistance, the price of UNI/USDT has been exhibiting upward movement by forming higher lows. This indicates the presence of an underlying bullish momentum in the market. Conclusion:- In conclusion, UNI/USDT is currently facing resistance in the 5.65-5.70 zone, while a correction towards the support level at 4.8-4.9 is expected. Traders should monitor the support-resistance flip and price movements for further confirmation.
Short
by Un_trade
BTC long opportunity. Targets 31.4kAs we can see BTC has formed a hammer candle on a retest zone, We might hit a new higher high. If that happens we can surely lookout for long opportunity on next retest near 30460 or if it forms any bullish retest signal above that which will probably give the targets of 31432 & 32000. Let's see & wee. Why? Strong hammer on 78.60% fib. We already have a breakout from a long & strong consolidation from 27.7k to 28.8k. What can go wrong? Wait for a new high. It is also possible to have a double top or head & shoulder near recent high level or before that.
Long
by Doinel33
#BANKNIFTY - 21/03/23 MARKET VIEWBased on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders. Given this market behavior, there may be a favorable long trade opportunity available within the range of 38950-39150, with a Target price of 39700 and a Stoploss at 38600. However, it is important to note that the decision to enter into any trade should be based on an individual's financial goals, risk tolerance, and investment strategy. Moreover, traders should always exercise caution and implement proper risk management techniques, such as setting stop-loss orders, to minimize potential losses. It is also important to continually monitor market conditions and adjust trading strategies as needed to ensure optimal performance.
NSE:BANKNIFTYLong
by DamisInvestments