Support Trendline Breakout in BAJFINANCEBAJFINANCE has delivered a strong support trendline breakout, closing at ₹909.60 (+5.59%). Price action confirms bullish momentum above the ₹872 support, with a measured move target of ₹29.55 (3.25%). Notably, the 910 CALL option for 28 AUG 2025 surged 378% to ₹16.50, showing aggressive call buying and aligning with the spot breakout. This synchronization between spot and derivatives indicates robust upward sentiment. Traders may consider maintaining a bullish bias while managing risk below the breakout level. Monitoring volumes and options activity is essential for trend confirmation. This analysis is for educational purposes only.
Options-strategy
Trendline Support and Options Reaction in ICICI Bank📈 ICICI Bank at Major Support!
ICICI Bank is testing a crucial trendline support zone around ₹1,418–₹1,427 after a lengthy pullback. Historically, this level has held strong, showing multiple bounces — making it a key area for traders to watch.
Support Level: ₹1,418–₹1,427
Potential Upside: The chart highlights a recovery zone towards ₹1,433 and beyond, with a bounce of ₹67.6 (approx. 4.74%) possible if support holds firm.
🟢 Options Perspective: 1430 CE (August Expiry)
The ICICI Bank 1,430 August call option has shown significant volatility:
Current Premium: ₹16.75
Recent Change: +₹4.65 (+26.76%) on a single session!
Open Interest & Option Chain AnalysisIn the world of options trading, two of the most critical analytical tools are Open Interest (OI) and Option Chain Analysis. While price and volume are commonly used indicators, OI and the Option Chain give unique insights into market sentiment, strength of price movements, and likely support/resistance zones.
Let’s break down both concepts thoroughly and understand how you can use them to make smarter trading decisions.
1. What is Open Interest (OI)?
Open Interest (OI) refers to the total number of outstanding (open) option contracts that have not been settled or squared off. These contracts can be either calls or puts, and each open contract reflects a position that has been initiated but not yet closed.
Important: OI is not the same as volume.
Volume counts the number of contracts traded in a day.
OI shows how many contracts are still open and active.
Example:
If Trader A buys 1 lot of Nifty Call and Trader B sells it, OI increases by 1.
If later one of them exits the trade (either buy or sell), OI decreases by 1.
If the same contract is bought and sold multiple times in a day, volume increases, but OI remains the same unless a new position is created or closed.
2. Interpreting Open Interest Changes
Here’s how to interpret changes in OI:
Price Movement OI Movement Interpretation
Price ↑ OI ↑ Long Buildup (bullish)
Price ↓ OI ↑ Short Buildup (bearish)
Price ↑ OI ↓ Short Covering (bullish)
Price ↓ OI ↓ Long Unwinding (bearish)
This table is a cheat sheet for OI interpretation. Let’s break them down with simple language:
Long Buildup: Traders are buying calls/puts expecting further rise. (Positive sentiment)
Short Buildup: Traders are selling expecting fall. (Negative sentiment)
Short Covering: Sellers are closing their shorts due to rising prices. (Momentum shift to bullish)
Long Unwinding: Buyers are exiting as prices fall. (Loss of bullish strength)
3. What is Option Chain?
The Option Chain is a table or listing that shows all the available strike prices for a particular underlying (like Nifty, Bank Nifty, or a stock) along with key data:
Call & Put Options
Strike Prices
Premiums (LTP)
Open Interest (OI)
Change in OI
Volume
Implied Volatility (IV)
Structure of Option Chain
An Option Chain is usually divided into two sides:
Left Side → Call Options
Right Side → Put Options
In the middle, you have the Strike Prices listed.
4. Key Elements in Option Chain Analysis
A. Strike Price
The set price at which the holder can buy (Call) or sell (Put) the asset.
At the Money (ATM): Closest to current spot price
In the Money (ITM): Profitable if exercised
Out of the Money (OTM): Not profitable if exercised now
B. Open Interest (OI)
Shows how many contracts are still open for each strike. Higher OI means greater trader interest.
C. Change in OI
Shows how much OI has increased or decreased. This is critical for real-time sentiment tracking.
Increase in OI + Rising premium = Strength
Increase in OI + Falling premium = Resistance or Support forming
D. Volume
Number of contracts traded today. Shows activity and liquidity.
E. Implied Volatility (IV)
Indicates market expectation of future volatility. High IV means higher premiums.
5. How to Read Option Chain for Support & Resistance
One of the most powerful uses of Option Chain Analysis is identifying short-term support and resistance.
Highest OI on Call Side = Resistance
Highest OI on Put Side = Support
This happens because:
Sellers of Calls don’t want price to rise above their sold strike
Sellers of Puts don’t want price to fall below their sold strike
Example:
Let’s say:
19700 CE has 45 lakh OI
19500 PE has 40 lakh OI
This implies:
Resistance = 19700
Support = 19500
So, traders expect Nifty to remain between 19500–19700.
Conclusion
Open Interest and Option Chain Analysis are powerful tools to understand the mood of the market. They help traders:
Find real-time support and resistance
Gauge market direction and strength
Understand where big players (institutions) are placing their bets
Plan both intraday and positional trades with more accuracy
But remember, OI and Option Chain are not standalone indicators. Combine them with price action, volume, and technical levels for better results.
EURUSD Bulls in ControlHello everyone, what’s your take on EURUSD?
After breaking out of its descending channel, EURUSD has maintained its bullish momentum. In the short term, there are no clear signs of slowing down, especially with the 34 EMA acting as dynamic support — boosting buyer confidence.
Fundamentally, a weaker US dollar and renewed optimism in Europe are fueling euro strength. As long as price holds above the 1.1650 zone, the path of least resistance remains upward. The 1.1750 target is still in sight, confirming a textbook bullish continuation pattern.
What’s your view on where EURUSD is headed next?
25 April Nifty Trade zone#Nifty50 #option trading
99% working trading plan
👉Gap up open 24282 above & 15m hold after positive trade target 24362, 24520
👉Gap up open 24282 below 15 m not break upside after nigetive trade target 24188 , 24070
👉Gap down open 24188 above 15m hold after positive trade target 24282 , 24362
👉Gap down open 24188 below 15 m not break upside after nigetive trade target 24072, 24948
💫big gapdown open 24072 above hold 1st positive trade view
💫big Gapup opening 24362 below nigetive trade view
Trade plan for education purpose I'm not responsible your trade
More education follow & support me
📌 koi bhi trade leval se 20 point ke sl ke bhina karan nahi hi
📌 koi trade app activate tabhi karana hota hi level pe 2 candle uper ya niche closing aati hai to
📌 leval par Ane pe turant trade plan na kare ...
📌 Full risk apaki hi hi meri nah
What is adx and how to use it ?The ADX indicator is designed to quantify the strength of a trend, regardless of its direction. It does this by measuring the degree of price movement within a given period. The ADX values range from 0 to 100.
The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30. Lower settings will make the average directional index respond more quickly to price movement but tend to generate more false signals.
ADX below 20: The market is currently not trending.
ADX crosses above 20: A new trend is emerging.
ADX between 20 and 40: This is considered as a confirmation of an emerging trend.
ADX above 40: The trend is very strong.
ADX crosses 50: the trend is extremely strong.
NIFTY going up or down from here?NIFTY is standing at crucial point. Here are two possibilities that will decide further move of NIFTY.
1. If price breaks down to 24548.65 level, it will be confirmed that wave C of Zig-zag has started and this move will go minimum up to 24255.75.
2. If price takes support near 24635 (or just say, reverses from anywhere without touching 24548.65) it will be considered that wave B of Zig-zag is still under formation. In this case NIFTY may show some up move upto 25299, and 25485.85.
15 Feb ’24 — Nifty within kissing distance of a Bullish breakoutNifty Analysis - Stance Neutral ➡️
Recap from yesterday: “In the 63mts chart, see the encircled region — the strength of the green candles stands out prominently. This has given Nifty a total makeover, till yesterday we were neutral with a moderate bearish bias. Today we are still neutral but with a bullish bias — as the resistance of 21913 is much closer than the support of 21491.”
4mts chart
Nifty has lived up to the expectation today, the momentum it gained yesterday post 14.07 was legitimate. Not only did Nifty hold its ground today but showed intent to take out the 21913 resistance. The open was right at that zone but we quickly lost a few points. The candle at 09.47 carried the hidden message that a breakout was in the cards. That single candle had a swing range of 73 points. Even though we did not do anything unusual till 13.31 - the options premium was going crazy. One mistake I made was to switch to the next-weekly instead of the current one as I felt a breakout would happen post 3 PM. The break came early at 13.35 and what it did was shoot up the CE premiums, nothing unusual in that. But the PEs were not dropping in value. So on one side, my short CEs were trading in deep RED whereas the short PEs were not going into green.
Meanwhile, the breakout did not prove successful - but it definitely woke up the bulls. Almost all the top 8 components were reacting positively to this break. The final close was right near the 21913 SR zone. Over the last week, Nifty rose 166 points ~ 0.76% and if you notice the 63-minute time frame - it has formed a triple bottom-like formation on a descending trendline. Since Nifty already retraced back to the resistance level - we assume it is ready for the next leg of outperformance. The first thing it has to make sure tomorrow is to defend the 21913 levels - if it falls below that, the bullish breakout will not pick up pace. A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line.
63mts chart
GBPUSD has not stopped with the current reductionHello everyone! On the daily chart, the downward trend continues. After losing momentum from the level of 1.313 USD, GBPUSD is still on a decline. Additionally, market conditions seem unfavorable and with the tightening of Fed policies, GU has depreciated.
The next target for further decline can be seen at 1.2000 level, which is a strong psychological barrier.
EURUSD continues to maintain an increase trendHello dear traders!
Today, EURUSD continues to decrease below 1,070. Currently on the price chart is moving horizontally around the price of 1,0645.
If the euro exceeds 1,0670, it is likely that the price will expand the trend to increase to the level of resistance of 1,0700.
SENSEX Trade By Ramajitrade(RAM)🙏👑🤑✔hello guys welcome to Ramajitrade 🙏😊
Today Target is 65,170.00 we achive this target 100%.
Also i see fake breakout in sensex also retest in banknifty last day.
and please Trail your stop loss and try to hold.
#i m data trader my 90% base on data tradeing i hope you like all my trade.
We Not Suggest you To Buy any Stock We just share our Ideas with you.
#LUPIN... Looking good 29.05.23#lupin...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
#How to Trade in Option Market 💲🤑💲💸💰#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
what is option ?
Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
11 Jul '23 Post Mortem on Nifty + Long call continues...Today we had a perfect inverted V formation. The high of the day at exact 12.00 noon. A rally of 82pts from opening level and then a fall of 66pts. Even though nifty fell today, it was showing so much of positive energy and a general reluctance to fall. We will bring up the comparison with banknifty shortly & it will make sense.
Today's peak formation ensured we are getting a double top at the ATH levels ~ 19508. The profit booking may be attributed to that. If we continue to fall in the coming days - its better to change the bias from long to neutral.
---
Trades Taken
Yesterday I had reversed my short position to long position & had carried the 19400/19300 PE bullish credit spread overnight. Luckily it worked out alright today. By 10.43 I exited at a price of 29.6/12.9. I exited because more than 50% of premiums had decayed & not because I was bearish.
At the same time I entered into 19400/19300 PE bullish credit spread of the 20th July series for a price of 74.7/48.4. We then had the classic reversal, almost back to the open levels.
Somehow I felt the risk:reward was not matching & then exited the new position at a loss by 14.46 @ 79.7/49.4 and got back to the 19400/19300 PE spread in the 13th Jul series for 32.7/12.3.
The 15.00 candle really scared me and if you calculate the risk:reward was 3980:1020. So I exited the credit spread & went ahead with the call debit spread of 19300/19400 CE @ 176.15/95.15 by 15.03. The rationale being 19300 was still in the money & might offer some cushion as expiry is in 2 days. Whereas 19400 PE could go in the money if the move is 50pts or more.
Nifty intraday trade for 6th july 2023nifty created a flag pattern. if it breaks upside, it may go further upside. also there is a resistance at 19430.
if nifty goes down and break the 19300 level, it may go down upto 19250. please note that there is a support at 19250, so, you have to wait for the price action at 19250 level.
When to adjust Options - 5 Guidelines to stop your lossesIn this video, I discuss 5 Options selling guidelines which you can use to exit your option trades when they go wrong.
Selling options come with the risk of unlimited losses . That's why, the main aim of adjusting options is to put a cap to the losses , reassess the situation and increase profitability.
Follow @piyushrawtani for more!
Cheers =)
BANKNIFTY INTRADAY (15/06/2023)Don't be aggressive
.
if there is possibility for bullish--
entry: 44170
target-44360--44500--44750
.
If down trend starts
entry:43980
t1-43750--t2-43550
.
possibility for stoploss hunting will be there.
Don't trade in "no trade zone"
Trade carefully.
.
after breaking green box mentioned,
trend will be confirmed.
.
.
refer old ideas.
#Nifty Next Move for 02 May 23Nifty given BO after downward channel as marked previously, again retested that BO level and moved upwards, now eye on 18250 levels which is big hurdle for next move and also 03 May US FED decision. VIX is also extremely low which is good sign for investors. But trade lightly till US FED decisions.
Bullish pennant pattern reversal in MARICOMARICO
Key highlights: 💡⚡
📊On 1Week Time Frame Stock Showing Reversal of Bullish pennant Pattern .
📊 It can give movement upto the Reversal target of above 520+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 890+.