NIFTY AND SENSEX ANALYSISIndian economy is recovering rapidly after corona virus pandemic crash but rising crude oil prices and inflation is a issue of worry for Indian Equity Market.
Things agaisnt Indian Stock Market
Rising Crude Oil Prices
Crude Oil prices are at high of 3 years, after 2018 it is first that Brent crude crossed $ 85 mark on London Exchanges.
The shortage of Gas and Coal around the world is trigging demand of alternate energy option i.e. crude oil which is raising its price globaly.
Rising Price of Base Metal will lower industrial profit and may pull down industrial growth rate for the 3rd quarter.
Things in Favour
Export Boom Forex reserves rose by $2.04 billion to $639.52 billion in week ended october 8 accroding to RBI data.
Surge in Tax Revenue The government has collected Rs 1,17,010 crore GST for the month of September which is 23% higher than the same period last year. The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5% higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year.
Shrinking Pile of Bank NPAs : Indian public sector banks collectively owed approximately 6.17 trillion Indian rupees in non-performing assets in fiscal year 2021. against 7.5 trillion rupees in the 2019 fiscal year, indicating a slow but slight relief.
Optimistic Industrial Production Resulting, Indian indiaces have gained almost 30% this year in 2021
Booming Corporate Profits September quarter results will be in market very soon that will guide the further market directions. Recently Reality, Auto and Energy sector have been big gainers in last one year, since Sep 2020.
Continuing Economic Growth : India's 4 years average GDP growth will be around 3.6% against global average of 2.6%.
CONCLUSION
In my opinion, NIFTY may very soon give a signal for a short call, but you have to be very patient for that.
Indianstockmarket
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
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..
BANKNIFTY Shorting strikes based on VixShorting 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 39000 CE and Short 38300 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 38850 happens then we can exit from short CE position and hold short PE until achieve the target of 39000
if breakdown at 38450 happens then we can exit from short PE position and hold the short CE until achieve the target of 38300
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
BANKNIFTY Levels for Expiry Day !🛑 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 38800 - 38850
-with the stop loss of 38700
- we can see target of 39000
- Support Levels is at 38450 - 38500
- with SL of 38650
- we can see Target of 38300
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
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 38900 CE and Short 38200 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 38800
if breakdown at 38200 happens then we can exit from short PE position and hold the short CE until achieve the target of 38000
for detailed explain kindly checkout mine resent post
i hope that it will help a lot ,
if you like it do follow for more
have a nice day
NIFTY 50 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 18150 CE and Short 17850 PE
🛑 India Vix helps to calculate the expected volatility for shorter time period
- currently india vixis at 15.85 down by -1.49% which means premium is declined in both CE as well as PE
- drop in premium bcz declined in volatility
- what is 15.85 ?
- well, it is expected volatility for next one from today it means nifty can go up by +15.85 % or it may can go down by - 15.85% (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
- we get that one point it is so much help full in side ways market , right ?
yeah
- 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 = 15.85 , sqrt(12) = 3.46
15.85/3.46 = 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
- calculation for next day
if needed short strangle strikes for next day use this formula
- Vix/sqrt(365) =Y%
where 365 is number of days in one year
now for example (which is exactly given below)
Vix= 15.85 , sqrt (365) = 19.1
15.85/19.1 = 0.829% (149 points)
it means nifty can go up by +0.82% or it may can go down by -82%
- in other words nifty can go up by +149 points or it may can go up to max ie. 18150 (17991(previous close)+ 149 (expected points))
- and it may can down by -149 points or it may can go up to max ie. 17850 (17991-149)
now,
🛑 we can observe that market may be stays in between with the range of 18150 - 17850
- so , i will exit from one side position if any breakout/ breakdown happens (just to reduce the risk in one side )
i will exit only when support/resistance breakout (if you need resistance / support scroll down mine profile)
- if short both side / if we did short strangle
if breakout at 18050 happens then we can exit from short CE position and hold short PE until achieve the target of 18100 - 18150
if breakdown at 17850 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
NIFTY 50 crucial levels for Wednesday!
🛑 Caution Nifty is Trading at record High even though FII's and DII's were pulling out their money ,
- it means Retail traders were taking market to record High
- stay light with quantity
- there's correction in market
- Nifty as to sustain above / close above 18000 level for further move and mainly needed support from either DII's or FII's other wise it may can test 17600 levels
-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
if you like it do follow for more , Have a nice day ...
BANKNIFTY Levels for wednesday !🛑 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 38600 - 38650
-with the stop loss of 38500
- we can see target of 38800
- Support Levels is at 38050 - 38150
- with SL of 38300
- we can see Target of 37900
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 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 Shorting strikes by VIX !Shorting strikes purely based on india vix volatility index
- Friday ; vix closed at 15.65 with falling by -3.16% means both the premium in CALL & PUT side were declined which is helped option seller's
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38100 CE and Short 37400 PE
🛑 we can observe that market may be stays in between with the range of 38100 - 37400
- if short both side / if we did short strangle
if breakout at 38100 happens then we can exit from short CE position and hold short PE until achieve the target of 38300
if breakdown at 37600 happens then we can exit from short PE position and hold the short CE until achieve the target of 38460
i hope that it will help a lot ,
if you like it do follow for more,
have 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 ,,