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.
Gap
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
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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.
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.
#Nifty Simple Trade Setup For Tuesday (6th April)Hope, Everyone made a good profit today.
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You see that there is a gap that Nifty Filled and then reverse.
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So for Tomorrow there is a simple Strategy.
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If a Nifty go upside above 14700 we will buy CE 14900.
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If a Nifty goes down below 14480, we will buy PE 14400
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In Gap up or Gap down Opening, we will wait for the right time to trade.
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Learn More Earn More✌️
#Nifty Trade Setup for Wednesday (09th March)Nifty can give gapup opening on tomorrow.
Or Nifty can retrace inthe the morning.
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If the Nifty retrace in the we will buy CE on dip.
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If the Nifty give us Gapup opening then we buy PE .
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Note: But be cautious for tomorrow, tomorrow is weekly expiry.
Bcs on the event of Mahashivratri Thursday Market will be close.
Nifty InstaView 02 Mar’21: En Route 15K Nifty View: A fine follow through up move from the benchmark Nifty index in today’s session. This brings in some degree of confidence in the bounce and high probability that the index will take out the psychological 15K mark soon. Now sustaining above 15K can be a little tricky as there are multiple resistances moving ahead. At the current close, the index has entered a wide falling gap between (14,950-15,050) which is likely to offer some short term resistances. But I will be keeping a closer look at (15.0750-15,150) wherein we have a big volume cluster. Short term traders who have participated in this 2-day bounce on the long side should look to protect their open profits aggressively now.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
TCS at important level with multiple patterns TCS gave a BO of trendline today, also formed a cup and handle pattern near all time high levels. In past it had taken beautiful support from gap on multiple times. Sustaining above neckline can make newer ATH levels in coming days. For educational purpose.
BNF - GAP up on Monday ? Banknifty got stuck in a consolidation zone . the way it kept recovering from days low and getting stuck in upper resistance makes a break away GAP high probability on Monday
A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range via a gap, that is a breakaway gap.
I hope this timely identification helps someone
Happy Trading
MSK
Nifty: Chart set up and trading view
Nifty
CMP 12540
Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious???
Lets look at chart set up
In the chart we observe
- Nifty Breakaway Gap up
- Nifty Continuation Gap up
- today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap
So it would be wise not to get too excited for any fresh entry in Nifty for Long position
Given the set up, One may consider selling
Nifty 12600 Call option
Expiry: 12 Nov
around 55-62 ( CMP 58.5)
The strategy gives protection for a rise in price up to 12658
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be