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disclaimer - its only shared with intent to share something which i read and has helped me
Nifty-intraday
View still in tact untill we don't close clearly below 11650View still in tact untill we don't close clearly below 11650 with strength. Intra / Swing Setup: Can re-bounce to 12000 in next trading session. For detail analysis follow me.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
Market Update TuesdayAfter Gap up Market is trading in range.
As per our view we are looking for sell on rise .
in the morning I sell 11700 Ce but get only rs 2.
now since then waiting for a breakout .
I have drawn a trend line if the market cross the support line below the trend line than i will short and above 11616 i will buy.
otherwise no trading day for me.
Thank You.
NIFTY TRADE SETUP FOR MONDAYTrade setup
I have drawn two trend lines .market sustain above the trend line then will look for a buying opportunity.
if sustain below the trend line will look for short.
if the market opens the gap down .in that case we will see the price action .mark 15 min high and from thr we will sell.
if the market opens the gap up then we will look for buy only.in that case, mark opening price .market cross the opening price and sustain we will buy only.
rest will update my live trade set up during the market hour.
this is not a trade call.
NIFTY EXPIRY DAY TRADENIFTY EXPIRY DAY TRADE
the nifty range would be 11100 - 11400. I will look for sell on rising till the market sustains below 11350. i personally do scalping both the side. like today we made money although if i could stay longer we could have made more money. but nevertheless, its good to make a small profit then losing the money.
strategy
1.i have a trend line according to which i plan my trade and keep support and resistance in mind. tomorrow is market expiry so the market will give momentum both the side.
2. if the market opens the gap down below the trendline and does not break the first 5 min candle high will continue on the sell-side till 11183 with trail stop loss. if the market breaks 11183 and reaches 11150- 11108, will sell the put option.
3. if the market opens gap up but will not cross 11350 will sell 11400 ce with 30 point sl.
4.if market keeps trading in a range ...will mark high and low of the range and sell both ce and pe option. whichever side the market will move to carry the opposite position.
tomorrow is the bank hearing so bank nifty would be volatile ..keep watch on bank nifty as well.
NIFTY TRADE SETUP FOR TUESDAYNIFTY TRADE SET UP
today was a good day as the market exactly behave as we predicated .and hope everyone makes good money.
Today I will sell put if the market sustains above 11380.
but as I always said the market is the ultimate boss.
my trade setup.
1. if the market opens flat or gap up and sustain above 11380 I will short 11000,11200 pe option with 11350. target will be 11418,11450.
2. if the market opens the gap down we will sell the call option with 11380 and above.
in this kind of market, we should not look for long profit .book profit at regular intervals. Scalping is the best strategy.
This is my view, not a trade call.
CADILA HEALTH CARE INTRADAY BUY/SELL LEVELS10/08Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Trade Log NIFTY July 27My weekly view (Link below)
My Trades today
I did not trade today.
My Observations for NIFTY
NIFTY was mostly down and closed 0.56% down
BANK NIFTY suffered 3.59%.
Reliance came very near to 2200 level and then settled 0.47% higher.
VIX gained closed to 2%
Advance decline ratio 18 to 32.
FII and DII data are a little on the negative side.
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My view for tomorrow
NIFTY is in the tight range of 11105 - 11220. It is really difficult to imagine the structure within this range, but considering today’s price action, I think NIFTY may break down tomorrow just a little. But there are multiple support zones from 11000-11050 where support is expected.
My plan tomorrow
Any Gap up above 11220, I’ll wait for 30 Mins to sustain and then trade on the long side.
Any opening in the range 11220-11105 is no trade zone, until there is a clear setup that is failure or break of boundaries.
Any Gap down upto 11050, will set up a good reversal trade, as I believe the dip will be bought.
My weekly view
Trade Log NIFTY July 9Review of my yesterday’s comments
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Tomorrow is a weekly expiry day. I am not sure if NIFTY pauses here for tomorrow or continues and fills the gap.
Overall, I’ll trade now with bearish bias for the coming week. 10800 is a clear level which needs to be broken decisively for any thought of an up move.
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NIFTY recovered smartly and closed above 10800. I did not anticipate this strong closing.
My trades
I did not trade today. I had few expiry trades, but nothing much to show.
My Observations for the day
NIFTY recovered all the loss made in last one hour of yesterday and closed +1.01%
BANK NIFTY did not close above yesterday’s high. But closed +1.43%
VIX dropped 4.5%, now below 25
Advance Decline ratio 33 to 17, favoring the move.
Open interest data showing no big resistance till 11000.
Institutional Investor data is not supportive.
Some big picture thoughts
As I had said in my weekly view, there are all indications that the current regime ( 3 months of up, with large intra day swings) is likely to end. The result season can provide triggers for the same.
From the chart, I don't think it is going to be easy to keep gaining momentum. Also i still believe July is less likely to end on these levels.
My view for tomorrow
Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again.
I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730.
Overall, in the zone of 10800-11100, it is better to be careful and observe how NIFTY is behaving.
Low Risk (0.5%)...High Reward (upto 7%)....TCS...Intraday SetupIntraday Trade Setup (04-May-2020):
Case-1: If it break 1980 level, go for SHORT
Enter: 1980
SL: 1990 (0.5%)
Target-1: 1940 (2%), Target-2: 1910 (3.5%), Target-3: 1850 (7%)
Case-2: If price sustained above 1990, go for LONG
Enter: 1990
SL: 1980 (0.5%)
Target-1: 2050 (psychological, 1.5%), Target-2: 2070 (4%)
Short-Term view for NIFTY spot. Minor trend-line R 9491 - 9509
The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound.
There is no overparticular resistance 9500+.
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339p GAP
This is " Common Gap " price is not going to break support line.
Previous minor resistance at 9405. Nifty is going to open nearby this resistance ( 100+ nearby ).
Support line price area support at 9241.