Futurestrading
NIFTY TRADE SETUP FOR EXPIRY
We had good Day today .Just belive in your setup
and wait for entry . today our both target hit in Nifty.
Tommrow trade with caution buy nifty above 14010 and 14050 .
keep ur Sl intact on buying side till nifty trade below 14200.
sell below 13920 .
13750-13800 could be revershal zone if nifty
continue to fall.
BANKNIFTY LEVELS* POWER PACK BREAKOUT REQUIRED @ 32613 *
Do your own research before using these levels.
These levels are useful for F&0 tradings.
Keep Learning and Start Earning.
The market will be volatile till Feb 1
* Be Careful while Trading Keep Strict StopLoss *
* MOSTLY FOR BEGINNERS *
Do your own research before using these levels.
These levels are useful for F&0 tradings.
Keep Learning and Start Earning.
The market will be volatile till Feb 1
*Be Careful while Trading Keep Strict StopLoss*
*MOSTLY FOR BEGINNERS
BPCL with a CUP & HANDLE FORMATION?SWING TRADE OPPORTUNITY IN BPCL
As you can see in the image above that BPCL has broken out of a CUP & HANDLE formation and has come to level which is very favourable level to go long.
A Cup & Handle formation usually comes with its own Targets, which is, the price difference between the neckline of the cup to the lower circumference of the cup. As shown in the image above.
To be on the safe side of the trade, we have taken the Inner Circumference into consideration and not the Outer Circumference for the Price Range , so that we are able to gauge the targets better.
The First Target for this trade is around 450 price levels , the Second Target is around 465 price levels . We can maintain a strict trailing Stop Loss with it starting at 380 . if the trade is succesfull and reaches its 1st Target we get a favoyrable Risk:Reward ratio of 1:3 .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.
Will Nifty see Year end Dhamaka rally...???Nifty
13749
2 trading sessions earlier, we had highlighted the possibility of Nifty re-testing at least previous highs
Although we did not take any fresh position in Nifty on weekly expiry day, we held on to our positions taken earlier.
Currently
- We observe Nifty moving in boxes
- Will we see a Year end rally now?
No it is not that since we are now just 250 odd points away that we are saying it...
Flashback … on August 04th, 2020, when Nifty was at 11000, this is what we had predicted… Nifty heading towards 14200 odd levels in next 6 months…
This was in the back drop of economy being at a standstill, and hence difficult for any one to even think of 12000. Many felt Nifty might head back lower sub 10000 levels and probably even towards 8000 levels.. It seemed ridiculous at that time, but here we are; 5 months down the line and Nifty very close to it. 😊😊
Click the link above and see how historical price pattern of 2006-2007 in Sensex price (very similar levels… very much similar magnitude of correction… and not much difference in time frame too) helped us envision this movement in Nifty. I am sure the co-relation would amaze you and help you realize the potential of Technical Analysis.
Coming back to our present day…
Chart and Data analysis suggest (for a detailed analysis report of FIIs and Retail participants kindly share your email address in comment below or in private message) there could be support at lower levels
On any dips in Nifty, one may consider selling Nifty 13600 Put option preferably around 60.
Max profit potential Rs 4500/- per lot.
More importantly, the strategy would have an in built loss protection for a fall in price up to 13540 till 31st December 2020.
We would update further on this idea, Monday morning in market hours.
Take care & safe trading…!!!
Wish you a Merry Christmas and a Happy New year…!!!
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Our other ideas this week...
- LIC HSG FIN
- ONGC
- BHEL
- Tata Motors
- Adani power
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
BANKNIFTY FUTURE Trading imp levels 30791 & 30465
Set The Alert At Given IMP Levels
When Alert Triggers
Open 3 Min Candle Chart
See Weather We Get Breakout At IMP Level
Check Weather The Breakout Is Buy Side Or Sell Side.
If There Is A Breakout, Wait For The Next Candle Be Formed
buy or sell @ next candle high or low as per breakout
[Short Term] Symmetrical Triangle Formation For Target 31400+Charts showing symmetrical Triangle pattern formation in banknifty after the bullish move. More chances it will breakout the 29400 levels and continue its bullish rally towards the 31400+. After COVID-19 fall nifty recovered its all gain and trading all-time high but still nearly 3000+ points pending rally in banknifty from its high before the pandemic.
If banknifty trading above 29400 levels then it will touch the 30000 levels within 1-2 trading session. The further downside 1000 points risk is only if it trading below 28900.
Disclaimer: Consider this view as an educational purpose. Before taking any position take advise from your financial adviser.
NIFTY - THIS WEEK'S ANALYSIS & TRADE PLAN FOR TOMORROWNSE:NIFTY
Let me know if you find this useful and if I should continue posting such ideas on daily basis for intraday/swing levels of stocks & indices?
Take a look at the chart properly for detailed analysis,
also please note that this idea is purely for educational purpose only, kindly do your own research before investing and trading or consult your financial advisor.
Science Backed by Data[Bandhan Bank]: Target 326BandhanBank can be shorted with immediate target of 326. Below this level 303 looks to the important target below which current uptrend will be completely change.
StopLoss should be used as 342-345 above which original trend continues.
Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down to lower range of consolidation. This looks good setup for short term futures trade.
Pls support with likes on the idea.