Indianmarket
NIFTY obeying DOW Theory!!- FIIs net sold for the day is about Rs 505.79 CR
whereas DIIs net sold Rs 2578.22 CR
- Both were booking their profit not only today from past few days
- Still market is rising due to news that indian stock market is trading at life time high , this is the news bringing new investors and Urging retailers to invest in market but no one noticing that smart money is pulling out from the market
- this where retailers get stuck in and this where everyone start panic n blaming the market
- i'm not telling that market will turn into Bearish
- but market will get correct or consolidate for some period
- Stay light with Quantity
- Move from Quantity to Quality
NIFTY 50 crucial levels for Wednesday!-(Nifty consistently opening with Huge Gap up from last 3 trading sessions and leaving the gap as it is not good sign for market ,we can see in Daily frame chart there's an in decision between the Buyers and Sellers at higher levels)
- this what exactly i was told in yesterday's market analysis , we can see market is been rejected from 18600 levels
- in day frame chart todays candle body id covered whole yesterday's trading sessions
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18600 -18550 (here we can see ( option chain) more short positions were holding at 18500 CE)
-with SL of 18500
- 18700 we can see as the target after breakout
- support level is at 18350-19300
-with the SL of 18380
- 18200 we can see as target after breakdown
if you like it do follow for more , Have a nice day ...
NIFTY 50 Shorting Strikes !!🛑 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 18600 CE and Short 18200 PE
🛑 we can observe that market may be stays in between with the range of 18600-18200 ,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18600 then we can exit from short CE position and hold short PE until achieve the target of 18700
if breakdown happens at 18300 then we can exit from short PE position and hold the short CE until achieve the target of 18200
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
BANKNIFTY Shorting Strikes !🛑 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 40000 CE and Short 39100 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 40000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40300
if breakdown at 39300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39000
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
BANKNIFTY Levels for Wednesday !🛑in Yesterday market analysis told that there's in decision between buyers and sellers at high level , and today also market is rejected from 39900 -40000 levels and if see the BANKNIFTY in Day frame chart we can clearly observe that it forms bearish candle which it's body covered full yesterday's trading sessions ....
- from now market will stays in between the range 40000-38300 , will be the consolidation zone for BANKNIFTY
-Bank nifty trading above all the moving averages ie . 21 day, 50 day , and 100 day
- Bank Nifty WEEKLY Pivot is at 38800
🛑 keys Levels to watch out for day traders
- resistance is at 39900- 40000
-with the stop loss of 39800
- we can see target of 40300
- Support Levels is at 39400-39300
- with SL of 39500
- we can see Target of 39000
if you like it ,do follow for more
have a nice day
NIFTY Shorting strikes !🛑 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 18700 CE and Short 18300 PE
🛑 we can observe that market may be stays in between with the range of 18700-18300 ,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18600 then we can exit from short CE position and hold short PE until achieve the target of 18200
if breakdown happens at 18270 then we can exit from short PE position and hold the short CE until achieve the target of 18700
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
BANKNIFTY Shorting strikes for Tuesday!🛑 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 40000 CE and Short 39300 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 40000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 40300
if breakdown at 39300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 39000
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
BANKNIFTY SHorting 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 39700 CE and Short 39000 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 39550 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39700
if breakdown at 39000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38800
- First immediate support zone for BANKNIFTY is at 39000 and main crucial support zone will 38900-38800
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
NIFTY Shorting Strikes 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 18500 CE and Short 18150 PE
🛑 we can observe that market may be stays in between with the range of 18500 - 18150 , When there's no Volatility.
- if short both side / if we did short strangle
if breakout happens at 18400 then we can exit from short CE position and hold short PE until achieve the target of 18500
if breakdown happens at 18150 then we can exit from short PE position and hold the short CE until achieve the target of 18100
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
Oil India breakout and RestestAfter a breakout of Oil India
Some people booking profits
Now second chance for those who missed to ride the breakout now its retesting previous Resistance became Support now and confirmation candle is now also Fibbonaci support here its good time to catch this.
SL below last swing and risk reward ratio is 1:2
🙏Note :- this is my Analysis don't take it as buy or sell recommendation
😊Invest at your own risk.
Devyani international / KFC trading ideas ! 🛑 Devyani / KFC i think this Is not up to the mark with Results , we have to avoid going long on this until it breakout of 145- 150 until then we can't take any decisions on this because volumes were so low , by the way one can go short on this by selling at 100-105 region if it breakdown the 110 -111 zone where it is the crucial support zone for it , once it breakdown this level then it is highly difficult to comeback where as it may see further selling pressure..
◽ if you wish to take an swing trade can initiate @ demand zone of 110 -111 level with SL of 100 -105 we can see the short term target of 145-150
◽ Nifty and Sensex were in Bull but KFC is seeing selling pressure
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
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 ...