Option Trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
Levelsandzones
PAYTM Ltd view for Intraday 14th Jan #PAYTM
PAYTM Ltd view for Intraday 14th Jan #PAYTM
Resistance 800 Watching above 802 for upside movement...
Support area 780 Below 790 ignoring upside momentum for intraday
Watching below 778 or downside movement...
Above 790 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HCLTECH on a Bullish Run!
HCLTECH on a Bullish Run!
The stock has broken its key resistance level of *1990 and is now targeting
higher levels. The breakout is supported by increased volume, signalling strong buyer interest.
Key Levels to Watch: (Short Term)
Resistance: 2050|2075
Support: 1950/1900
Trend Insight: The bullish trend is intact with higher highs and higher lows. Keep this stock on your radar for potential upside opportunities!
#HCLTECH
trading optionOptions are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Options trading is the practice of buying or selling options contracts. These contracts are agreements that give the holder the choice to buy or sell a collection of underlying securities at a set price by a specific date. Investors can, but don't have to, own the underlying security to purchase or sell an option
Price action trading In simple words, ' Price Action Trading is a trading technique in which a trader reads the market and makes subjective trading decisions based on the price movements, rather than relying on technical indicators or other factors.
Price action strategies can be highly profitable when applied correctly. Many traders, both beginners and experienced traders, prefer this method because it simplifies decision-making by focusing on price behavior rather than relying on technical indicators, often providing conflicting price action signals.
technical trading Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Technical Trades programs offer hands-on training, practical skills development, and industry-specific knowledge. These programs are designed to equip students with the technical skills and knowledge needed to enter the workforce directly after completion of their training.
BPCL view for Intraday 10th Jan #BPCL
BPCL view for Intraday 10th Jan #BPCL
Resistance 285 Watching above 286 for upside movement...
Support area 278-280 Below 282 ignoring upside momentum for intraday
Watching below 278 or downside movement...
Above 282 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
Key takeaways. Average directional index (ADX) is a short-term chart indicator. It can be used to help you evaluate the market or an investment's strength. ADX currently suggests the short-term momentum behind stocks may be strong, with a caveat.
HDFC Bank Limited's stockAs of December 29, 2024, HDFC Bank Limited's stock (HDFCBANK) closed at ₹1,797.85 on the National Stock Exchange (NSE), marking a 0.34% increase from the previous close.
MARKETWATCH
The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,790.97
S2: ₹1,781.00
S3: ₹1,773.00
Resistance Levels:
R1: ₹1,806.00
R2: ₹1,815.00
R3: ₹1,823.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
EQUITY PANDIT
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 50% (Neutral)
Price/Sales Ratio: 6.43
Price/Book Ratio: 1.98
These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions.
YAHOO FINANCE
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
BANKNIFTY levelsAs of December 28, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,233.00, reflecting a decrease of 84.60 points (-0.16%) from the previous close.
For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:
Resistance Levels:
R1: 51,364.24
R2: 51,495.47
R3: 51,608.84
Support Levels:
S1: 51,119.64
S2: 51,006.27
S3: 50,875.04
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
RELIANCE Levels 1 DayAs of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹1,219.03
S2: ₹1,217.59
S3: ₹1,205.17
Resistance Levels:
R1: ₹1,229.93
R2: ₹1,232.88
R3: ₹1,237.87
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
MUNAFASUTRA
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹1,222.60
S2: ₹1,211.65
S3: ₹1,202.25
Resistance Levels:
R1: ₹1,232.00
R2: ₹1,242.95
R3: ₹1,252.35
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 27 (indicating potential oversold conditions)
Moving Averages:
5-Day Average: ₹1,217.59
20-Day Average: ₹1,265.37
50-Day Average: ₹1,477.68
These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
TATACONSUM Support & Resistance As of December 28, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹925.40, reflecting a 2.65% increase from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹902.05
S2: ₹903.19
Resistance Levels:
R1: ₹918.20
R2: ₹930.55
These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies.
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹874.00
Resistance Levels:
R1: ₹1,060.00
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 31.57 (Neutral)
Moving Averages:
5-Day Average: Data not available
20-Day Average: Data not available
50-Day Average: Data not available
These indicators suggest a neutral trend, with the RSI indicating neither overbought nor oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
SWIGGY LevelsAs of December 26, 2024, Swiggy Limited (NSE: SWIGGY) closed at ₹559.05.
Support and Resistance Levels:
Resistance Levels:
R1: ₹597.39
R2: ₹612.57
R3: ₹627.14
Support Levels:
S1: ₹567.64
S2: ₹553.07
S3: ₹537.89
These levels suggest that if the stock price rises, it may encounter resistance around ₹597.39 to ₹627.14. Conversely, if the price declines, it may find support between ₹537.89 and ₹567.64.
These support and resistance levels are based on pivot point calculations, which are commonly used in technical analysis to identify potential price reversal points.
Please note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for buying for target 23880 level.
If market opens gap down, and breaks 23680, then plan for selling for target 23550. level.
If market opens gap up, and sustains above 23750 level, then plan for buying for target 23880 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
RSI & ADXRSI: Used to determine overbought/oversold conditions. ADX: Measures trend strength. Keltner Channels: Provides dynamic support/resistance levels and helps identify breakouts
The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend
The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) can work well together to give you insights into market momentum and potential reversals. Use the MACD to check the trend direction, and the RSI to find good entry and exit points based on whether the market is overbought or oversold.
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close.
The following support and resistance levels have been identified for ICICIBANK:
Support Levels:
S1: ₹1,290
S2: ₹1,283
S3: ₹1,276
Resistance Levels:
R1: ₹1,304
R2: ₹1,312
R3: ₹1,319
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
#TATAMOTORS Reaction from a local Support.
#TATAMOTORS Reaction from a local Support.
#Disclaimer
Investments in the securities market are subject
to market risks. Read all the related documents
carefully before investing.
Registration by SEBI and certification from NISM in
no way guarantee the performance of the
intermediary or provide any assurance of returns
to investors.
State Bank of India view for Intraday 24th Dec #SBIN
State Bank of India view for Intraday 24th Dec #SBIN
Resistance 825 Watching above 826 for upside movement...
Support area 800 Below 815 ignoring upside momentum for intraday
Support 810 Watching below 808 or downside movement...
Resistance area 825
Above 815 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Biocon Ltd view for Intraday 24th Dec #BIOCON
Biocon Ltd view for Intraday 24th Dec #BIOCON
Resistance 335 Watching above 335 for upside movement...
Support area 325 Below 330 ignoring upside momentum for intraday
Support 325 Watching below 325 or downside movement...
Resistance area 335
Above 330 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Resistance 1260-1265 Watching above 1265 for upside movement...
Support area 1230 Below 1240 ignoring upside momentum for intraday
Support 1230 Watching below 1225 or downside movement...
Resistance area 1260-1265
Above 1240 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,