Get started

Niftypositional

Nifty - Double Top ReversalNifty wonderfully tested All time high twice at 15900 and formed a Double Top pattern. We can expect NIfty to touch 15500 in Early July expiries. Hold your short positions until it breaks the Resistance zone at 15800 levels or execute fresh short near 15780 levels. We need to stay caution as overall Market sentiment is bullish. We are trying to capture a small correction in downside. Kindly share your valuable feedback. Disclaimer Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
NSE:NIFTYShort
by natarajanshankar
6
Nifty Rising Wedge - June SeriesRight now, Nifty is continuously breaking its all time high's. But its in the edge of rising edge pattern. The Rising wedge will most likely to push the market downward for some correction. Also the RSI is in overbought levels. Correction can start to happen anytime. Wait for the RSI breakdown for short for a target of 15200 & 15000. 15000 will act as a Strong support and it will start to reverse from there. Long can also happen, but the targets will not be attractive. This over bought RSI will bring the small correction wave 15800 will act as strong resistance and one can execute fresh short at these levels. Kindly share your valuable thoughts. Disclaimer: Kindly do your analysis or consult your advisor before taking any trade. This view is for educational purposes only.
NSE:NIFTYShort
by natarajanshankar
Nifty 10 May 2021 Trade SetUpNifty formed a Bullish Candle on Weekly Timeframe and a Doji on Daily Time frame. It has still not broken out of the channel. Maintain Caution at higher resistance levels ( 14850 / 14900 / 15000 ) Hrly TF - Bullish hammers one after other, indicating bullishness in the price. Blue trendline shows short term uptrend, if broken, then price may find immediate support @ 14700 If trend is to continue, it needs to break high of inverted hammer 14863 Note : Monthly 14500 straddle still has 13.3 lakh CE Oi and 24.8 lakh PE Oi 3rd May : Sold PE @ 370 & CE @ 480 7th May : PE @ 150 & CE @ 510 Total Gains : 190 points Also, a Strangle 14500 PE (28.2lakh Oi) & 15200 CE (28.9lakh Oi) seen. (Total of 47.80 Premium)
NSE:NIFTYShort
by NeelamN