In my previous post when Nifty was at 15638 we had given a positive trading strategy
and that was to Consider to sell 26 Aug expiry 15400 Put option around 150
However at current levels, there is no clarity once again.
Why am I saying this?
Usually when price increases, Open Interest in Futures should also increase. However, it was observed that the rise...
1. After a Breakaway gap with huge volumes last year, the stock made a good upside move.
2. For the past few months, the stock is forming an ASCENDING TRIANGLE PATTERN.
3. There is resistance at 3350, which it is trying to break.
4. There is a breakout on Daily chart with good volume.
5. However, let it sustain the breakout on the weekly chart as well and wait for...
SL - 2776 (closing basis D)
SL 2 - 2649
Target - 3650
- The script respects 50EMA on W/D
- Short term downtrend structure
- Parameters turned positive
- can observe BREAKAWAY gap
- Broke short term down trendline with RSI divergence supporting it
- Breakaway gap was supported by decent VOL surge
- Can wait for retest to the upper range of...
Nifty View: Needed correction for the benchmark Nifty with today’s almost 100 points down move. This move is needed for momentum to create some headroom as we had a sharp one-way rally over the past three sessions. The index had recently broken above the 15k with a “Breakaway Gap” which now gets tested. The lower border of this gap is at 14,960 and so we should...
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional...
:-Gap fill and continue up trend
:-Gap fill+ retest of falling wedge supply zone
times are hard, covid 19 cases are continuosly rising at an alarming rate and this same type of market structure nifty formed last year before crashing down to
near 7500 levels
last trading day foreign investors sold a whopping 3500...
Nifty View: The benchmark Nifty index faired well in today’s trading session gaining close to 150 points to post a close at 14,487. The underlying short-term trend of the index is still down but thanks to this upmove, it's now on the verge of a reversal. The index needs to deal with some serious resistance up ahead. The first range of resistance is within...
Nifty View: Benchmark Nifty manages to post a fine bounce back from today’s intra day low of 14,374. At a close of 14,597 the index has managed a 2-day slow bounce back post the sharp sell-off which we noticed on 12th of April’21. The underlying short term trend of the index is still very much down and the index needs to take off immediate resistance zone of...
Hope, Everyone made a good profit today.
You see that there is a gap that Nifty Filled and then reverse.
So for Tomorrow there is a simple Strategy.
If a Nifty go upside above 14700 we will buy CE 14900.
If a Nifty goes down below 14480, we will buy PE 14400
In Gap up or Gap down Opening, we will wait for the right time to trade.
Learn More Earn More✌️
This is purely for educational purpose only, trading gaps are high risk high reward.
It gives us a reason why a particular stock/index bounced from a particular price.
If you think any gap in Day TF is imp. just mark it and see how it goes before trading them.
Nifty can give gapup opening on tomorrow.
Or Nifty can retrace inthe the morning.
If the Nifty retrace in the we will buy CE on dip.
If the Nifty give us Gapup opening then we buy PE .
Note: But be cautious for tomorrow, tomorrow is weekly expiry.
Bcs on the event of Mahashivratri Thursday Market will be close.