Supports: 508, 490, 475 Resistance: 525-535, 550, 570 Buy opportunity above: 535, SL: 510 Sell opportunity below: 490, SL: 510
Supports: 6000, 5940, 5850, 5750 Resistance: 6080, 6150, 6275 OI Data: Max Calls are in 6500 (9.2K). Then 6200 (5K) Max Puts are in 6000 (3.7K) Overall, sideways, in the consolidation.
Support: 6080, 6000 Resistance: 6150, 6250, 6350 View: Sell on rise. Too much call Open Interest addition is seen. Now where to sell (on rise)? 6250-6275 is perfect level to short. Next is 6350 level. OI Data: Call writing are havoc. 6100 (2.8K), 6200 (3.5K), 6300 (4.1K), 6400 (4.6K), 6500 (8.1K). Put writing: 6100 (2.5K), 6000 (3,5K)
Supports: 6300, 6250, 6050 Resistance: 6400, 6500, 6650, 6775 OI Data: From 6400 to 6600: 13K calls are sitting. Definitely bearish. 6500 has 5.2K calls sitting. Max PUT (hence support) is at: 6000. So the level has shifted downward .. 6500-6000.
Good to keep watch Always respect SL & position sizing Trade Secrets By Pratik Disclaimer SEBI UNREGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on basis of our research
In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear. The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum. Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms). Trade Plan: Expecting price will bounce back from CMP upto 560. Then...
Levels: Support: 6500, 6350, 6250, 6050 Resistance: 6650, 6780 OI Data (15th Dec Expiry): Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K) Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K) Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and...
Supports: 6500 (Very Important - Fib 61.8%), 6325-6350, 6200, 6075 Resistance: 6650-6680 (Very Important - Fib 78%), 6775-6800 OI Data: Call OI Changes: 6600(2.2K), 6700(2.5K), 6800 (2K), 7000(5.6K) PUT OI Changes: 6500 (3.2K), 6400 (2.6K), 6200 (2K) So from OI perspective, this Option Strategy shall work for 15th Dec Expiry: Strategy: Iron Condor (range...
Supports: 6500, 6325 Resistance: 6680, 6750 15th Dec Expiry OI Data Point: Major Call writing are in: 6800 : 2K 7000: 6.5K 7100: 2K Major Put writings are in: 6600: 1680 6500: 3400
Intraday Silver Long (30 Nov) RSI- 72 Buy at CMP- 63250 or at 63100 SL- 62740 Target- 63830, 64200 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
CrudeOil is Range bound. Why? See the OI Data: CMP: 6520. From 6600 to 7000 -> 16K Call writings. In 6500: 3.2K Put In 6400: 3.1L Put Now Technical Levels: Support: 6400, 6325, 6200 Resistance: 6550, 6675, 6750, 6875. Long Trade only above: 6600 (if sustains above for 15m) Short only below: 6325.
Major Supports: 6415, 6350, 6080 Major Resistance: 6550, 6700, 6760 OI Data: There are huge call writing for Dec-15 expiry: 6500: 3.3K 6600: 2.2K 6700: 2.2K 6800: 2K So from 6500 to 6800, there are 10K calls writing happens for Dec expiry. And Put? - 6400 is the major support of 2K Puts. High resistance it's going to face. Sell on rise strategy.
Intraday Gold Short (28 Nov) RSI-32 Sell at CMP- 52370 SL- 52558 Target- 52150 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Intraday Silver Short (28 Nov) RSI- 47 Sell at CMP- 61650 SL- 62070 Target- 61185, 60920 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Crude Long (25 Nov) RSI- 35 Buy at CMP- 6450 SL- 6405 Target- 6552, 6605 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Chart showing harmonics for gold. Gold is near reversal zone.
Levels: Support: 6350, 6200 Resistance: 6500, 6700, 6850 As per OI Data, the max Call & Put writings are seen in 6500 (3800 and 1700). So, 6500 is the crutial level. Trade plan: Once price test higher level in between 6440/6470/6550, we can just wait to short with a SL of 6550. Around 6250/6200 level we can try some longs. But overall bearish.
Intraday Silver Short (23 Nov) RSI- 47 Sell at CMP- 61450 SL- 61690 Target- 60850 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.