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Gap

crazy gap down, simple expiry.What an expiry today, with interest rate fear taking nifty down. Look at the chart. There was a huge gap between the opening and the consolidation. Looking at the nifty 5 minute chart, there is a strong upward trend, supporting 50 EMA. Every time the Nifty is at the 50EMA,  good buying activity. At one point, it indicated that it was about to cross the 18000 mark. But as we saw, the channel was created with respect to Nifty, and yesterday it was above the line at 18,000. Price action is at an important level, and profit booking may begin from there. I was expecting that. In the coming days as well, I will closely watch the 18000 level. If it tests again, rejects, or consolidates below the level, it might break out from there again. But with a positive global clue, it's hard to bark at the 18000 level. Keep an eye on FII DII activity. If FII starts buying and DII is still buying, but if DII starts booking their profit, the power of the nifty might slow down. Let's keep an eye on all these activities. When it comes to my weekly option selling this week, I am in the green. But I haven't booked the loss for the 13th expiry (17300 PE). If I book the losses, my net profit and loss will be close to 2%. This 50EMA buying activity helped me to get out of huge losses this week. And I had 17650 PE and my 13th expiry (17300 PE) yesterday. I booked other positions with Profit. Because I was expecting a retest, I took this safe position. The day began with a gap down, which allowed me to exit with a good profit. On the PE side, there is a premium spike, and there is a massive spike on the 17550, 17600, and 17650. My plan for the 13th expiry (17300 PE) is to sell anything above it with a good premium to minimize the losses. I will keep adjusting on my call side as well. I hope I can manage a 2% loss while trying to keep the net P & L green.
NSE:NIFTY
by Manuadarsh
Technical Analysis & Trading- No confusion... gr8 combination 😀Nifty In morning when Nifty was trading well above 17600, this is what we had posted... We warned about possible downside based on simple understanding of Gaps... We did not get carried away with the positive momentum but simply went with what Technical Analysis indicated us. And boy oh boy... it did not disappoint us at all...😀 It gave us clarity to book profits in our Long position that we had taken earlier... and also gave us confidence to short at the higher levels. We shorted in morning when Nifty Spot was at 17617 and covered our position when it was at around 17450. A good swing opportunity captured with the help of Technical Analysis. No confusion.... great combination... 🙂 Happy trading...!!!🙂 Still need reasons to follow...!!! To trade with me... Direct Message me
NSE:NIFTY
by indiamarketoutlook
4
Nifty: 3rd Gap up opening. Would it lead to exhaustion in rally?Nifty In our previous post we had indicated a bullish stance based on the chart set up.... Accordingly we had shorted Nifty 17000 Put option for 30 Dec expiry around 100. Today we see Nifty opening with a big gap up and that chart set up analysis did helped us. We have duly booked profits in our trade. The current set up makes us feel... It's time to be cautious..!! 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:NIFTYShort
by indiamarketoutlook
Nifty: Traders with Plan and patience rewarded with minimum riskNifty In my previous post, it was mentioned that reduction in Open Interest does not augur well for Nifty's march towards 16K to continue. Profit booking was suggested accordingly without any bias expectations but based on study. Also for momentum play, a better strategy would be to wait for a gap zone to be taken out: either the resistance gap or support gap which ever side the gap is taken out expect a momentum in that direction. Both the above points were clues given by Technical Analysis and Derivatives Analysis and have been discussed here in my earlier post clearly. Today the results are in front of you... Do your study, Trade with a plan and increase your chances of winning trade... Follow for more such ideas But don't just follow me blindly, Learn to identify opportunities independently Regards Vaibhav Deshpande indiamarketoutlook
NSE:NIFTY
by indiamarketoutlook
Nifty: For fresh position Gaps might give the next signalNifty 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 in price was accompanied with reduction in Open Interest by 8%. which fuels that yesterday's rally was led by short covering rally. Hence it is prudent to wait to see whether there is a follow up buying or not. Another way to look at it... We have a gap resistance zone on the upper side and gap support zone on the lower side. Both the gaps are not that far away... If the gap is taken out it would give clue where the strength lies. For fresh position, one can wait for Nifty to break either of these gap levels on hourly chart for a trade in that direction. Strategy update 15400 Put option CMP 74 recommended booking 50% profit at 72 and trail Stop loss to 90 for balance. This would ensure profitability in trade. Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
TCS - Breakout Possible1. 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 the weekly close above 3350. Otherwise, you may be trapped in a breakout failure. 6. The stop loss can be at the break of ascending trendline (Purple in colour). 7. The target can be equal to the height of the triangle which is 460 points. This is to be calculated from the resistance level which is 3350. Also, note that the NIFTY IT is also making an upside move which should strengthen the move of individual IT stocks. Target : 3350 + 460 = 3810 (3800 round level) SL : At the break of Trendline Buy: 3350-3400 Time period: This can be a medium term target as the stock moves steadily. Disclaimer: This is purely an analysis for learning and sharing knowledge. This is NOT a buy/sell recommendation. Please do your own research and add value to it. Thank You.
NSE:TCSLong
by sacban89
Nifty InstaView 19 May’21: Re-test of GAP 

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 expect immediate support for the index within the erstwhile resistance zone of (14,900-15,000). A slip below 14,900 will be a big disappointment to the overall positive sentiment of the market. On the upside, a move above 15,100 will set in fresh buying impetus for sure. Strategically it makes sense to continue with a bullish bias and expect the index to show strength and hold itself above the all-important 15,000. Thank you for following my work and please feel free to share your thoughts and suggestions.         
Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
1
Nifty - Neutral to Mildly Bullish View - 11/05/2021Disclaimer: 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 assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
NSE:NIFTY
by Market-Thalaivaa
ICICI Bank good for short+long termPossibility 1 :-Gap fill and continue up trend Possibility 2 :-Gap fill+ retest of falling wedge supply zone but but!!!! 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 crores in just a single day this type of large selling has been done only few times in the last 1 year and we have seen what this means this clearly means investors are now on a reality check and especially FIIs ( Foreign institution Investors ) are pooling out their money little by little so make sure if you investing then dont go all at once. start an SIP, this is the ideal moment where you can start SIP and go for blue chips which you know diversify your portfolio, and i would suggest play defensive this time and choose defensive stocks at this point of time anyways, all these are just views. No one can predict the market and we have seen that in the last few days covid cases rising and markets rising continuously without a head and tail if situation persists, sooner or later everyone is going to react and it seriously takes only 1 day to take down your whole portfolio down by 10% so invest wisely, and make sure you make the least mistakes possible #stockmarketindia #intradaytrading #intradaytrader #intradaytips #intradaystrategy #intradaytrading #intradaytrader #intradaytips #intradaystrategy #sharemarket #nifty #banknifty #bnf #bankniftyoptions #bankniftystrategies #sharemarketindia #sharemarketstudies #technicalanalysis #equitymarket #finance #like4like #business #stock #likeforlike #stockmarketindia #nse #nseindia #bse #bseindia #bsesensex #nifty #like4like #intraday #intradaytrading #intradaylong #trading #positional
NSE:ICICIBANKLong
by samparkamaity65
Nifty InstaView 26 Apr’21: Close to a Reversal
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 (14,500-14,600) wherein the supply comes from a small falling gap. Further ahead there is another falling gap within (14,700-14,800). The underlying momentum of the market has improved and a move above 14,550 will definitely trigger some buying impetus. Strategically it makes sense to stay cautiously bullish and make use of this current momentum keeping in mind that we are heading towards a derivatives expiry later this week. Thank you for following my work and please feel free to share your thoughts and suggestions.              
Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
Nifty InstaView 15 Apr’21: Drag Up 
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 (14,700-14,800) for a trend reversal. Sectoral indices are divided and it’s difficult to take a confident call on the major direction of the market. Strategically it makes sense to stay wit the underlying trend which is down and look for sell-on-a-rise opportunities. Thank you for following my work and please feel free to share your thoughts and suggestions.             
Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul