options

rameshrajapandian

Pls refer chart

indiamarketoutlook

ICICI Bank CMP 332 Consider a Short strangle strategy in ICIC Bank Consider selling ICICI Bank 30 April 2020 expiry 380 Call option Lot size 1375 CMP 24 & also sell 280 Put Option CMP 23 Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020) In built loss protection in strategy...

indiamarketoutlook

Nifty CMP 7765 Nifty has been very volatile and it has been swinging 500 points just like that.... What use to take months now is happening in a couple of hours... So what can one do in such situation Option 1 is stay away from market Option 2 Trade with more focus on risk management. For the current market conditions One may consider the following...

BharatJhunjhunwala

The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.

manavtechresearch

NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER...

BharatJhunjhunwala

While Nifty did made some attempt to pullback, the same was absent on BankNifty. The movement on the index was weaker than that of nifty and a clear divergence was noticed. Disparity among these two index espically Banknifty lagging is not a sign of strength. While the RSI is into bearish zone below 20 the macd histogram is soaring red, indicating sellers are in...

rameshrajapandian

Pls refer chart.

rameshrajapandian

Pls refer chart.

rameshrajapandian

Pls refer chart

subhagghosh

All data on the chart, the market played to what we scripted. Avoid long, until we have trend reversal on the chart - levels on the chart. You can follow me on telegram @BNTrading.

BharatJhunjhunwala

In our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to...

subhagghosh

Bank Nifty Trading Strategy for 11th March 2020:- I am on telegram @BNTrading BN ( 26,462) is totally engulfed by bears, we all are expecting a relief rally:- 1. Mild reversal above 27,502:- Hence no long below 27,502. 2. Short term trend reversal above 28,478:- Positional long only above 28,478 levels. 3. Trend Reversal only above 29,268. Resistance Zone: -...

BharatJhunjhunwala

The stock 1101 during the day pulling back to close at 1134. Comparing close to close the stock corrected 1.43% compared to Bank Nifty overall. Now the stock is at a support. RSI being heavily oversold the stock may pullback from the current levels to 1160 – 1180 levels, however failing to cross them or creating bear candles at the levels may result into further...

BharatJhunjhunwala

Sellers took full control of the index. Nifty broke below a weekly trendline that was supporting the prices right from 2017. Selling was intense during the week. The daily RSI has moved to 26 levels while weekly RSI is close to 35 levels. The RSI is oversold on both the timeframes, so a bounce cannot be ruled out. The extent of the pullback will decide the further...

subhagghosh

Bank Nifty Trading Strategy for 5th March '2020.:- Check my plan for 4th Mar, you can't be more accurate than this:- The first sign of reversal above 29625, the trend will change to positive above 30,208. Last line of supports was:- Support:- 28,872 / 27,989. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728. You remember the corporate...

subhagghosh

Bank Nifty Trading Strategy for 4th March '2020.:- Check my plan for 3rd March, how well it has worked just like a script. The first sign of reversal above 29625, the trend will change to positive above 30,208. Last line of supports was:- Support:- 28,872 / 27,989. NEXT level is 27,989 then flood gate open you might see 27,568 & 26,728. You remember the...

subhagghosh

Bank Nifty Trading Strategy for 3rd March '2020.:- Check my plan for 2nd March, how well it has worked just like a script. The first sign of reversal above 29625, the trend will change to positive above 30,208. Last line of supports was:- Support:- 28,872 (gone) / 27,989 BN closed 28,868. NEXT level is 27,989 then flood gate open you might see 27,568 &...

BharatJhunjhunwala

While all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again.