MCX GOLD ANALYSIS - Short CallGold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
Conclusion
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
Indianmarket
NIFTY Shorting strikes based on Vix!Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18300 CE and Short 18000 PE
🛑 we can observe that market may be stays in between with the range of 18300 - 18000
- if short both side / if we did short strangle
if breakout happens at 18220 then we can exit from short CE position and hold short PE until achieve the target of 18300
if breakdown happens at 18050 then we can exit from short PE position and hold the short CE until achieve the target of 18000
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
NIFTY 50 crucial levels for Expiry day !- Nifty closed above it's crucial resistance level , but there's gap it may can fill up sooner than expected
- as festival season where auto stocks were out performed
- sector rotation at it's best
- and from IT sector may join to party , as this is quarterly results season
-wipro ,and infy quarterly results were out numbers were pretty good
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18200-18220 (here we can see ( option chain) more short positions were holding at 18200 CE)
with SL of 18150
- 18300 we can see as the target after breakout
- support level is at 18050 -18050
with the SL of 18100
17950 we can see as target after breakdown
if you like it do follow for more , Have a nice day ...
India Vix analysis for shorting strikesIndia vix is an volatility index of an nifty 50
- India Vix shows the expected volatility for next one year
🛑
- currently india vixis at 15.62 (IST 12:02 PM)
-market is raising but volatility is falling
- sudden drop or rise will increases the volatility/vix otherwise Vix will be flat
🛑 what is 15.62means ?
- well, it is expected volatility for next one from today it means nifty can go up by +15.62 % or it may can go down by - 15.62% (for next one year)
- it doesn't include any global sentiment or news
-now we can calculate expected volatility for next one month and even we can calculate for next day also
- Question is what is the use from it ?
- well, it tells us that it may can stays in between mine range when market is choppy / range bound
- and it will gives us shorting strikes to do the short strangle
-then if you needed range for next one month then , use this formula
Vix /sqrt (12) = x%
where - 12 is number of month ( standard vix is calculated for one year )
for ex, vix = 15.62 , sqrt(12) = 3.46
15.62/3.46 = 4.5 %
means from today's market close to next one month nifty can go up by +4.5% or it may can go down by -4.5% .
using this we can do short strangle for one month as we know as expiry appears premium will fall , or bcz of time decay / theta
caution it doesn't include any global , investors sentiment
- if you needed tp calculate for next day
or in other words
if you needed short strangle strikes for next day use this formula
- Vix /sqrt(365) = Y%
where 365 is number of days in one year
and nifty can go up +Y% or it may can go down by -Y%
by using above and below strikes we can do short strangle (short above strike CE and Short below strike PE)
i hope that it will help a lot , if you like it do follow for more
NIFTY 50 Shorting strikes using Vix !horting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18100 CE and Short 17750 PE
🛑 we can observe that market may be stays in between with the range of 18100 - 17750
- if short both side / if we did short strangle
if breakout at 18100 happens then we can exit from short CE position and hold short PE until achieve the target of 18100 - 18150
if breakdown at 17800 happens then we can exit from short PE position and hold the short CE until achieve the target of 17750
i hope that it will help a lot ,
if you like it do follow for more,
have nice day
BANKNIFTY Shorting by using Vix !Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38600 CE and Short 37900 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 38600 happens then we can exit from short CE position and hold short PE until achieve the target of 38700
if breakdown at 37900 happens then we can exit from short PE position and hold the short CE until achieve the target of 37800
i hope that it will help a lot ,
if you like it do follow for more,
have nice day
BANKNIFTY Levels for Tuesday !🛑 Bank nifty trading above all the moving averages ie . 21 day, 50 day , and 100 day
- Bank Nifty weekly 37750
🛑 keys Levels to watch out for day traders
- resistance is at 3 8450- 38500
-with the stop loss of 38300
- we can see target of 38700
- Support Levels is at 38000 - 37950
- with SL of 38200
- we can see Target of 37700
🛑 Bank Nifty futures will be as follows
- go long only above 38500
- short the market only below 37700-37800
i hope that it will help a lot ,
if you like it ,do follow for more
have a nice day
CRUDE OIL TREND ANALYSISTECHNICAL ANALYSIS
In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December.
Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021.
Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in July 2021 ( shown in blue colour in graph) confirm the double top pattern with a resistant of ₹ 5600.
On October 4th 2021, it gave closing at ₹ 5825 (above its major support of ₹ 5600) for the first time after Oct 2018 that confirmed the upward moment of crude oil.
CONCLUSION
We do not suggest you to make any fresh short position in crude oil at this level. However, making any long position at this level would also be very risk as the prices are not certain at this level, however levels around ₹ 6500 can be seen very soon in crude oil on mcx.
NIFTY 50 crucial levels for Tuesday!
- . as we know NIFTY breakout 18000 level and get short from the 18050 level , and there is an long wick rejection in Nifty we can see this on Day frame chart
- Nifty as to sustain above / close above 18000 level for further move
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 17800
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18000 - 18050 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17950
18100 - 18150 we can see as the target after breakout
- support level is at 178700 - 17840
with the SL of 17950
17740 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000 - 18100
- short the market below 17800
if you like it do follow for more , have a nice day
Elliott Wave analysis in TATA POWER !! we can see the chart off TATA POWER currently obeying three Wave of Elliott Theory
- Wave (2) retraces Wave (1) about 21% (we can call it as flat correction)
- Whereas Wave (3) retraces Wave (1) about 163% (which is exact % of Elliott Wave Theory)
- by the way we can expect Wave will retraces about 100% Wave (1) n , that will be short term Target of 210
- expected Wave (4) will retraces about 50 % n, here is our ENTRY in between 172 to 184
- with the STOPLOSS of 167 just below the crucial short term support level
- Volume also obeying with Elliott Wave Theory
- i hope that it will help a lot , do like n follow for more
have a nice day ...
BANKNIFTY Levels for Monday !
🛑 Bank nifty trading above all the moving averages ie. 21 day, 50 day , and 100 day
- Bank Nifty weekly 37500
🛑 keys Levels to watch out for day traders
- resistance is at 38000 - 38100
-with the stop loss of 37900
- we can see target of 38300
- Support Levels is at 37700 - 37630
- with SL of 37800
- we can see Target of 37460
🛑 Bank Nifty futures will be as follows
- go long only above 38000 - 38200
- short the market only below 37700-37600
i hope that it will help a lot ,
if you like it ,do follow for more
have a nice day
NIFTY 50 crucial levels for Monday!Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity
🛑 NIFTY forming green DOJI Candle which is represents that indecisiveness between buyers and sellers
-Currently it is trading above 21Day ,50 Day, 100 Day moving averages
- Nifty currently trading above all simple MA
- WEEKLY pivot point is at 17640
🛑 Key levels to watch out for intraday traders :-
- resistance is at 17900 - 17950 (here we can see ( option chain) more short positions were holding at 18000 CE)
with SL of 17850
18050 - 18100 we can see as the target after breakout
- support level is at 17780 - 17750
with the SL of 17850
17650 we can see as target after breakdown
🛑 NIFTY futures levels will be same
- go long only above 18000
- short the market below 17750
have a nice day ,,
TATA STEEL --> Swing ShortNot to Predict future here, but it seems like a good setup for H&S, Retest and Fall.
Technically Graph Seems performing well. and it respects Fibo levels to the appx.
Entering a short around 1380 with timeline for next month expiry seems an Opportunity!
Always Risk within your appetite only!
Zee Entertainment --> LONGZee entertainment has made a CUP n Handle (Yet to breakout). Also at bottom of Major Up-trending Channel.
Technical Breakout is nearby. Possibly Upwards let it retest and BUY.
Short Interval target would be 290. or upto 320.
Fundamentally the company has reduced Debt. and is still held by a lot of Major Portfolios.
For e.g. We did watch in past months , due to bull Run LIC Cash-IN on several of its Portfolio stocks. its still holding ZEEL. suggesting it sees a opportunity and this stock is undervalued.
Risk always within your apetite only!
Sell Copper with a Stop Loss of 731.20Sell copper near ₹ 727 with a Stop Loss of ₹ 731.
I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
Great Eastern Shipping GESHIP --> LONGTechnically Sound to go up at bottom of Uptrend channel.
Oversold past few months.
Buy only after huge Demand and Retest around 300.
Fundamentally, Good outlook to produce profits as Crude oil shipping has seen increasing demand with backbone of Manufacturing requirement output higher than 2020.
Risk Within your apetite only!
GAIL (Gas Authority India Ltd) --> Long GAIL is an uptrend currently near bottom of Elliot wave. Technically looks strong for an upward move upto 175
Strong Support around 145 would also let some time to kool off RSI OverBought for Jump seen during Results.
Fundamentally, GAIL has 85% of its revenue for Natural Gas Trading and Transmission/Distribution.
With Natural Gas making higher highs of above 4$, GAIL could see good profits for July and August.
Be wary of Natty reversing back around September / Ending Summer in US Zone.
Always Risk within YOUR apetite only!