Nifty: On expected linesNifty first instance has taken a fall from the opening levels.
Again if you see the chart we see it respected 21 day EMA.
In my yesterday's post I had mentioned that Nifty first needs to protect 18114-18080 odd levels and my first take would be Shorting Put options. Accordingly 25 Jan expiry Put short has been initiated at 140
The same has been updated in my yesterday's post at 9:34am.
Now Nifty needs a close above 18244-18262 odd levels on hourly candlestick basis...
We wait patiently and let's see what we have got in store now...
Option
Ramkrishna Forgings LimitedRKFORGE:- Rounding bottom pattern has formed, keep your eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
City Union Bank LimitedCUB:- Double bottom pattern has been formed and you can also call it W pattern. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
FINNIFTY expiry analysis. TATAPOWER and TECHMAHINDRA breakoutToday is the FINNIFTY expiry. It has been in a tight range, if it breaks, it may give a good move.
TATA POWER and TECHM analysis for break out.
Keep these on your watchlist.
Happy trading. If this helped you, share in the comment.
I am not SEBI registered. Kindly take your own trades.
Banknifty Chart Pattern AnalysisBanknifty Chart Pattern Analysis
Probability is to take support near 43100
Bulish SIgnals--
1 Accesding pattern is very popular for bulish signal
2 USD INR trends Down
3 FII data-Net Purchase activity shown
Still its believe that breakout for high after taken a valid support
NSE:BANKNIFTY
Bullish flag pattern breakout in HINDUNILVRHINDUNILVR
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of Bullish flag Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 3070+.
📊Can Go Long in this stock by placing a stop loss below 2520-.
📊 breakout this can give risk:reward upto 1:13+.
NIFTY ANALYSIS FOR {14-11-2022}NSE:NIFTY
Nifty analysis for 14-11-22 {monday}
Nifty has a heavy resistance at 18350 cause it has reversed from this level twice on a daily time frame.
if it breaks and sustains that level then it might try to break lifetime high of 18650 in upcoming sessions
support will be 18300 this will become a reversal trade for us.
Always use stop loss and trade with discipline.
please like, comment and follow
keep learning
happy trading.
Symmetrical triangle pattern breakout in CHOLAFIN.CHOLAFIN
Key highlights: 💡⚡
📈 On 1D Time Frame Stock Showing Breakout of symmetical triangle Pattern.
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout target of 865+.
📈 Can Go Long in this stock by placing stop loss below 705 or last swing low.
📈 Breakout this can give risk:reward upto 1:4+.
SBIN: Chart analysis, view and trading strategySBIN
We are looking at weekly chart of SBIN stock
Observations
- SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high
- support at 554 / 545 / 530 zone
Given the set up
One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position
Otherwise 530-540 zone could be a better place to enter
Derivatives Strategy
One may consider a Bear Call Spread strategy in SBIN for November series
Sell 600 Call option
Buy 630 Call option
Net receivables 6 points
Lot size 1500
Max Profit Potential of Rs 9000 per strategy lot till 24 Nov 2022
Profit potential of 12.5% approximately on Margin requirement
Take care & safe trading...!!!
Like, follow, share for more trading ideas like these
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Is Nifty Feeling the October heat near resistance zone?Nifty
- We are looking at daily candlestick chart
Observations
- On 16 Sept Nifty opened gap down between 17877 to 17796
- coincidently Nifty 76.4% retracement level is also around same level 17777
- for 4 consecutive days Nifty is struggling at 17800 levels
- With 1 hour's trade to go today volume is on a lesser side
Given the conditions, fresh longs in Nifty can be avoided.
Have bought a few Put options for 24 November expiry.
Review points for me - View gets invalidated if Nifty trades above 17880
Please follow your risk management measures
Take care & safe trading...!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Ambuja Cement: Chart set up, view and trade potential Ambuja cement
We are looking at weekly chart of Ambuja Cement
- weekly closing high 539.35
- low made thereafter 471.05
The stock has possibly done its short term target on the upside (Jitna neeche utna ooper)
View: Rangebound
Given the set up one may consider a Bear Call Spread strategy
Sell 560 Call option currently around 8.3
Buy 600 Call option currently around 3.1
Lot size 1800
Net receivables Rs 9360 per strategy lot
Margin requirement approximately 91K
Profit potential approximately 10.25% on Margin till 24 Nov 2022.
Protection for a rise up to 565.2 till 24 Nov expiry.
Review point for me, If weekly close is above 544. It gives ample scope to adjust / exit in case stock behaves in a different way. Do follow your risk management measures
Take care & safe trading...!!!
Like and follow for more trading ideas like this
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
NIFTY & BANKNIFTY ANALYSIS FOR {19-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Banknifty analysis chart.
nifty and banknifty both are moving in a rising channel and it is near its channel resistance line
it may face resistance and fall down from current level.
on the bullish side nifty looks more strong than banknifty
All essential levels are marked on the chart
Always use stop-loss to avoid big drawdowns.
Keep learning,
Happy trading.
Thank you,
please like and comment if you like my analysis.
Banknifty Future Intraday & Positional viewIf price of banknifty fut rejects from PDH-39260, We can take short trade. Target-39200, 39125, 39040
39040 is support. If banknifty takes support here we can buy above 39125 for the target of 39250. If Banknifty break 39250 with volume next target is 39399.
If it breaks 39040 in downside then free fall can be expected. My target is 37900 that means more than 1000 points fall.
Nifty at 240 day EMA and trading strategyNifty
- RBI Policy Meet on 28Sept- 30 Sept 2022
- Result season is about to begin
and Nifty is near 240 day EMA
Important Fibonacci level that may provide Support
61.8% retracement 16293
76.4% retracement 15868
Important Resistance zone
17166-17320 zone
17758-17820 zone
Given the set up one may consider to go for a Short Strangle strategy in Nifty for Oct series
Sell 15800 Put option and
Sell 17800 Call Option
The strategy has a profit potential of 10% and gives a protection
- for a fall up to 15620 odd levels on the downside
- for a rise up to 17980 odd levels in the up side
That's a protection of approximately 1200 points on either side from current levels. However do understand that trading in F&O involves risk. Read the disclaimer carefully.
Do Like and Share if you find it useful.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty: Are you surprised with gap down. TA warned in advance...Nifty
- we had already marked the red zone as resistance zone
Today we see a big gap down exactly after Nifty got rejected around 17320 odd levels.
Are you surprised or were you prepared?
Going forward
- we are looking at 15 minute candlestick chart pattern
- we observe that the zone of 17026-17060 is very crucial for Nifty
- between September 28, 2022 and October 3, 2022, the zone acted as a strong resistance 3 times
- it was conquered with a big gap up thereafter
- Now it is revisiting the area.... Is it just a retest or will Nifty fall further....?
We are not worried what it will do.
Our Short Strangle strategy suggested here at tradingview on September 28 which gave Net receivables of 181 points on that day is currently valued at 65, giving us a profit of 115 points per strategy lot so far and we are in control of the situation. 🙂
Take care & Happy trading...!!!
Nifty Daily Levels Update For Option Day Trading for 27 Sept Key Levels For Day Trading in Nifty Fifty
Support Zones For Nifty On Tuesday
First Support Zone For Nifty - 16979 - 16992
Second Support Zone For Nifty - 16848 - 16862
Third Support Zone For Nifty - 16714 - 16723
Resistance Zones For Nifty On Tuesday
First Resistance Zone For Nifty - 17076 - 17060
Second Resistance Zone For Nifty - 17174 - 16160
Third Resistance Zone For Nifty - 17294 - 17279
Fotrh Resistance Zone For Nifty - 17422 - 17432
Probable Inverted Head & Shoulder Breakout in AArti IndustriesProbable candidate for Bullish Inverted Head & Shoulder Breakout in NSE:AARTIIND for reward of around 140 rs.
one can look into it to make a bullish position once the stock NSE:AARTIIND closed above the neck line.
I will update the entry, target and stoploss once the breakout completed