Indianstocks
NIFTY 50 crucial levels for Monday!- Nifty closed above it's crucial resistance level , but there's gap it may can fill up sooner than expected
-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 18350 -18400 (here we can see ( option chain) more short positions were holding at 18500 CE)
-with SL of 18320
- 18500 we can see as the target after breakout
- support level is at 18200 - 18220
-with the SL of 18300
- 18100 we can see as target after breakdown
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..
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.
BAJAJ AUTO possible bullish move in weekly chartsBAJAJ AUTO: A breakout above 4048 with good volume breakout then we can chase for 4200 as initial Target.
A further breakout above 4212 can push it till 4400. Need assurance with volume breakout before making an entry.
Stop Loss once breakout happens can be kept at 3940 below and further on next candle's low for safe trading.
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..
Powergrid Technical view!We can observe an ascending triangle pattern
Buying Price around 174-175
Target of 200
Stoploss of 165 or as per your risk tolerance
Timeframe: 15-30 days
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
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
Short the State Bank of India (SBIN) StockHello, This is my Technical Analysis for State Bank of India (SBIN).
According to my analysis the price will go up.
We should take entry at 462
The 1st target should be at 451
The 2nd target should be at 440
Stop Loss at 468
Note: This is just a Technical Analysis (it doesn't guarantee that the analysis will always be the correct) if by any chance we don't reach to our targeted price and you lose money then I will not be the liable person for your trade/investment on any particular asset that you have made, only you will be the responsible for your lose. Thank you for understanding.
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 ...