Option TradingTo read an option chain, you can look for the following information:
Strike price: The price at which the stock is bought if the option is exercised
Premium: The price of the options contract, or the upfront fee paid by the investor
Expiry dates: The dates on which the option expires, which can affect the premium
Open interest (OI): The total number of outstanding option contracts that have not been settled
Implied volatility (IV): A percentage that indicates the expected price fluctuations, and the level of uncertainty or risk in the market
Bid: The best available price at which the option can be sold
Ask: The best available price at which the option can be purchased
Volume: The number of transactions that have occurred on the current trading day
Net change: The net change of LTP, where a positive change indicates a rise in price and an unfavorable change indicates a decrease in price
Bid qty: The number of buy orders for a specific strike price
Ask qty: The number of open sell orders for a specific strike price
Here are some other tips for reading an option chain:
The option chain is divided into two sections, calls and puts, with calls on the left and puts on the right
The current market price is displayed in the center
ITM call options are usually highlighted in yellow
Higher open interest usually indicates higher liquidity and market activity
NIFTY-BANK
Data Patterns Clear BUY!Stock Analysis Overview
Technical Support: Strong support identified near the 2,250 level based on current data patterns.
Fundamental Strength: The company remains fundamentally robust, showcasing solid financial health and growth prospects.
Price Correction: The stock has retraced approximately 40% from its recent peak, presenting a potential entry point.
Investment Classification: Positioned as a defensive growth stock, offering both stability and growth potential.
#banknifty levels for July 23rd.
Good morning, friends. Today, the Honorable Finance Minister, Nirmala Sitharaman, is presenting the first Union Budget of the Modi 3.0 government. The market may move based on this event, and technical factors might not be as effective. I am simply sharing my Fibonacci levels. I expect directional movement to start from tomorrow onwards. Have a nice day🙏.
Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction.
That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days.
Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally.
However Can the momentum continue without a decrease in Open Interest?
FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr
DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr
Important levels which may act as Support and resistance for the day
Imp levels on the upside: 19865 / 19890 / 19922
Imp levels on the downside 19705 / 19682 / 19640
The zone of 19640-19682 is going to be very important for the Oct series.
Take care & safe trading...!!!
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13 Sep ’23 Post Mortem on Nifty - Cautiously BullishNifty Analysis
Recap from yesterday: “I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow — I wish to go short (bearish).” . I did not get into any new long position in Nifty, in fact I rolled up the PE to 19900 from 19800.
The rally momentum is not lost, its just that we had a blip yesterday. Seems like Moneycontrol got the reason for the huge cut on Midcaps and Small caps yesterday - Talk of basket selling by European financial services firm fuels meltdown in mid, small-caps
Nifty50 rallied 0.7% ~ 139pts vs Midcap +0.12% & SmallCap +1.02%. Has some money rotated and re-entered the large caps? The reason I did not go long today - The swing high of 20110 still not taken out. Meanwhile its still a win for the bulls as the final close is above 20000 levels.
On the 1hr chart Nifty50 is looking all the more positive and raring to go. I too wish to go long with downside protection via PUTS. The swings in options prices were crazy and the volume of put writing was intense suggesting more traders are betting on the bullish side. I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.
Nifty50Nifty 50 is a trade line all given on this chart and all level support and resistance draw in chart if the market then the move up the side so target achieve target 1 and target 2 if then it is market is down falling then break down side and achieve the target t1 and t2 so let's begin next day where is the market running thanks.
NIFTY FOR UPCOMING WEEK 01 AUG TO 05 AUG 22.Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to high volatility and uncertainty in market it is important for us to provide you both side
level. Which is helps you if market turned opposite.
WHERE CAPITAL ON RISK, CHART SHOULD BE MORE ACCURATE, RELIABLE AND ASSURED.
FOR OUR ACCURACY CHECK YOU CAN WAIT N MATCH LEVEL AFTER EXPIRY OR GO THROUGH REST
UPLOADED CHART.
KEY STRENGTH:-
1. World market closed positive.
2. Crypto currency is also.
3. Falling prices of crude oil.
4. PCR ratio.
5. Good GST COLLECTION.
6. few strong results.
7. Nifty future also positive.
KEY WEAKNESS:-
1. Rising dollar against rupee.
2. Gold prices.
LEVELS FOR WEEK:-
RESISTANCE*:-
⬆️17651
⬆️17396
⬆️17191
SUPPORTS*:-
⬇️17071
⬇️16808
⬇️16633
(*there is chance to level mismatch by 0.01% of nifty)
CHART PATTERN AND INDICATORS.
1. Indicators are positive.
2. No any major charts pattern seen.
3. In our view nifty range increases to 3.5%.
HOW TO TRADE WITH
1. Let break any side level.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit will be less but it will be profitable.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with chart please contact SEBI registered advisor b4 any position.
3. To appreciate our efforts please like and share.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 25 JUL TO 29 JULY 22…Hello everyone this chart technically measured and filtered by team INFINITYIV…
Due to high volatility and uncertainty in market it is important for us to provide you both side level.
Which is helps you if market turned opposite.
SHORT REVIEW ON LAST WEEK UPLOADED CHART.
1. Due to busy schedule we r unable to provide you review chart.
2. You can self access. Set nifty 50 chart on 15 minutes TF.
3. Can see 16540 level. Nifty Expand more than 1day around this level.
4. It’s true dot.
NOW RETURNING ON CURRENT WEEK.
WHERE CAPITAL INVOLVES CHART SHOULD BE MORE RELIABLE, ACCURATE AND ASSURED.
FOR OUR ACCURACY CHECK YOU CAN MATCH THESE LEVEL AFTER EXPIRY.
OR GO THROUGH REST UPLOADED CHART.
KEY STRENGTH:-
1. Crypto currency’s running positive.
2. Commodity negative.
3. USD looking weak against rupee.
4. GST projected collection positive.
5. Weak crude oil..
6. New president.
KEY WEAKNESS:-
1. DOW closed negative.
2. Nifty future also closed negative.
3. Rising gold prices.
4. MONKEY POX case in Delhi.
5. China Banks crisis.
6. Quarterly reports not strong.
LEVELS FOR WEEK
RESISTANCE*:-
⬆️16710
⬆️16972 strong.
⬆️17340.
SUPPORTS*:-
⬇️16569.
⬇️16296.
⬇️15876.
(* there is chance to level mismatch by 0.01% of nifty)
CHART PATTERN AND INDICATORS
1. Already told you trend continuation.
2. No strong chart pattern seen.
3. In our view no big upside move possible may be 1.5 % max range.
HOW TO TRADE WITH CHART:-
1. For our Follower nothing change.
2. For new people Please go through our weekly chart.
NOTE:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with chart please contact your financial advisor.
3. We are here to provide you correct direction and accurate levels.
4. PLEASE COMMENT ABOUT OUR CHART CONTENT.
5. Like and share (help some new people to save their losses)
NIFTY FOR UPCOMING WEEK 18 JUL TO 22JUL 22Hello everyone this chart technically measured and filtered by team INFINITYIV..
WHERE CAPITAL INVOLVES CHART SHOULD BE MORE, RELIABLE, ACCURATE AND ASSURED.
FOR OUR ACCURACY CHECK YOU CAN MATCH AFTER EXPIRY.
OR GO THROUGH 132+ POSTED CHART.
Due to high volatility and uncertainty in market it is important for us to provide you both side level.
Which is helps you if market turned opposite.
KEY STRENGTH:-
1. World market closed positive.
2. NIFTY future closed 1%up.
3. Reliance bullish.
4. Crypto currency’s positive.
5. Gold, commodity market weak.
KEY WEAKNESS:-
1. Rising crude oil prices.
2. Inflation not controlled.
3. Rising bonds.
LEVELS FOR WEEK
RESISTANCE*:-
⬆️ 16166
⬆️ 16540
⬆️ 16975
SUPPORTS*:-
⬇️ 15975
⬇️ 15571
⬇️ 15201
(* There is chance to level mismatch by 0.01% of NIFTY)
CHART PATTERN AND INDICATORS.
1. All indicators turned positive.
2. Trend continuation seen on day and below TF.
3. Nifty on trend line break out.
4. Trend reversal possible this week.
5 In our views nifty range 3 or 3.5%.
HOW TO TRADE WITH CHART.
1. Let close above or below level mentioned on chart.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit may be less but will profitable.
NOTES:-
1. We are not SEBI registered but our chart accuracy can be trusted.
2. If you agreed with this please contact your financial advisor b4 any position.
3. We are here to provide you correct direction and accurate levels.
4. investment and trade are subject to market risk try to understand risk reward then move on.
5. HIT LIKE OR SHARE IF THIS CHART HELPS U.
GREETINGS:-
Happy trading and have profitable week.
26th May Nifty ViewAs per My knowledge...
1)
Tomorrow Nifty will go if break 15950 and sustain then directly goes to 15800.
2)
If Take support of 15950 and break tendline then only buy for the Target 16250.
3)
If Nifty Gapdown around 15700-15750, then Buy for the Target of 15950.
4)
If Gap up above 16400 then Short covering start market will be rocket.
****Clossing of the candel is very IMPORTANT.
****DON'T CHASE MARKET IF GOING FASTLY UP OR DOWN IT'S WILL TRAP YOU.... JUST DRAW YOUR SETUP AND STICK TO IT WITH PROPER STOPLOSS AND TARGET.
THANKS.......