Nifty Analysis for 2nd NovNSE:NIFTY
⏺ 4/1 Hourly - High possibility of breaking 1st resistance and then reversing.
⏺ 15/5 min - Taken support on 17900. This should help in breaking second resistance of 17980.
✅ Support - 17900
❌ Resistance - 17980, 18090
📈 Trend? - Very hard to tell. I would wait till either 1st resistance or bottom support to break.
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> At the opening, most likely market will be in continuation of uptrend. And it will also break 17980 resistance level. But after that it's very likely that the uptrend will convert into downtrend if buyers are weak.
-->Even if you want to ride till second resistance, I would strongly suggest to wait for retracement on the 1st resistance of 17980 after it's broken.
--> Respect the yellow support. If it is broken, go short blindly. DO NOT short anywhere above it.
--> In case of gap up, wait & watch.
--> in the slight possibility of gap down, 17900 support becomes resistance, trade accordingly.
Options
Swing Trading Opportunities for the week beginning 01-11-21SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 01-11-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
ON MY WATCHLIST FOR THE COMING WEEK
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17671
Britannia
BPCL
Cipla
Divis Labs
Hero Motors
Infosys
Maruti
Nestle
Shree Cements
Ultra Tech
ACC
Apollo Hospitals
Bank Baroda
CGCL
HAL
India Cement
IRCTC
Lupin
McDowell
Metropolis
Naukri
OFSS
PEL
Pidilite
Raymond
Safari
Salora
Sanofi
Varun Beverages
Voltamp
IGL
NAM India
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Auto
Consumption
CPSE
IT
MNC
Next 50
Private Bank
PSE
Now that Nifty has breached 18000 on the downside, there are newer opportunities that are coming up. This is a good sign, however, the coming week is going to be a truncated week with only 3 sessions and a Mihirat Trading session taking place. Thus, a clearer picture would emerge only on 8 Nov 21 based on where the market ends. This also means that maybe some of the existing opportunities may not be available at that time. It is up to the trader/investor to make a decision about the same.
I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings.
Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Here is the Video Link:
Thank you for your time and Happy Learning,
31-10--21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
Nifty 28 Oct 2021 - Analysis - Nifty went for Side ways for whole trading hours apart from last one hour.. There is no trend today in last one hour it went down.. still i feel that it is very narrow range.. So more chances of SL hit.. on both side..
- As per my yesterday Analysis it went up from 320 till highest 342.. but it reversed from there and on lower side from 18220 till 18180.. in last one hour ..
Ok Lets see tmrw Analysis --
BUY CE if nifty cross 18244 and move upward if sustain after 18250 then go for target of 18330-18340
BUY PE if nifty comes down from 18340 then first target will be around 245 and go down more another target will be 18140.
BUY CE if nifty take support from 18245 and move up then target will be around 18330-18340
BE CAREFUL tomorrow is Weekly Expiry
Nifty 27 Oct 2021 .. Analysis As Nifty Closes in Green.. Below is analysis..
BUY CE ABOVE 18320 for Target of 18370 as first target... & after that keep trailing Stop loss.. Let it trade on 18320 first for 5 min
BUY PE if it Falls below 18320 For Target of 18230 .. if it get support on 18230 and move upward then you can buy CE again for 18320 Target.. if it fall below 18230 then second PE target will be 18097..
21-10-21 Bank Nifty - What a Move! And yet it made me sad!A MISSED OPPORTUNITY THAT WOULD HAVE HELPED ME BUY A NEW LAPTOP!
Trade Opportunity Date: 21-10-21
Yet another Missed Opportunity--
Bank Nifty at 39550+
Went long 39400 CE at 242 as it was an expiry day and did not want to make the mistake of trading an ATM CE.
SL hit at 185
Moved to Nifty 18000 CE as I have not traded Bank Nifty after it cleared 39000 and clearly the SL was an indication that my readings were not good as I had the opportunity to at least place SL at cost or just below the cost.
In between checked what happened to the 39400 CE.
Surprised to see it at 185! After making a low of 87!
The order window was opened by me but realized that the option had decayed to some extent. So suspecting a faster decay if Bank Nifty does not move for some time, i chose not to take the trade.
Nifty CE was already in green so chose to play safe.
My order would have been for 4 lots or 100 shares.
Usually, I don't trade this size but I was expecting a bounce-back as Nifty had been beaten down and that is what usually happens on such days especially when they happen to be the expiry days.
After some time I thought of checking where that CE is. I could do so as my Nifty trade was moving on well.
39400 CE was at 553!
A few minutes later 600!
EOD 632
Assuming I would have held on as I did in Nifty, I may have got 400 points or 100*400 = 40,000!
No regrets as I was not ready to take the risk and my Nifty trade was moving on well
But this has made my weekend work cut out for sure!
This is the potential of Bank Nifty and I will find a way in which I can be part of such moves in the time to come.
A few readers/viewers have asked me why I did not cover this huge move in my analysis. The reason is that I mainly analyze Nifty and Bank Nifty is a sub-set if it so it gets covered in any case.
How many of you were able to catch this move or like me missed the move?
I would love to read your feedback as always!
Best wishes for a brighter week which also happens to be the Monthly Expiry week!
Umesh
24-10-21
Accumulation phase in a rectangular box The stock is under accumulation for the past few months.The chart is self explanatory.Read the details given in the chart for a thorough knowledge.
Option sellers can use this script by doing strangle or straddle with break-even falling between 885-999 preferably.
This post is for educational purpose only.
BN Vertical Call Credit SpreadFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short strangle.
In combination with this, if we buy much farther CE and PE, the short strangle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle.
The spread between buy and call leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread.
Since this week the view is bearish , we are taking only the CE leg of Iron Condor. As the week progresses, additional trade may be added.
Please leave a comment if you need further clarification on the following trade
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Buy 39500CE, Sell 38900CE
The history of trades of this trade model is in the following link:
docs.google.com
My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own.
Please leave a like if you like the trade ideas :)
SBIN break outSBIN has broke an Important resistance level from which it had already taken rejections 4 times. This time break out and retest is complete Just wait for the bounce back and once it sustains above 164 and close above 166 u can comfortably Go long in it and put your target 1 as 493 but you can expect more
Banknifty analysis for 13/10/21BNF trading in a parallel channel from 30SEP. right now it's at channel resistance level and my speculation is it may fall 150 points and consolidate for some time. apart from that it may fall as low as channel support level or may give breakout above side. wait for price action before jumping in the trade
NSE:WIPRO LongNSE:WIPRO
#Wipro trading @ Resistance zone and breakout will give positive momentum
Above candle closure and be traded options too.
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
NSE:IRCTC LongNSE:IRCTC
#IRCTC trading near Resistance and BO will have higher chances to give positive momentum.
All the levels mentioned on chart !!
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
HDFC Bank - Real Options Strategy ExecutedHDFC BANK - OPTIONS STRATEGY EXECUTED IN MY ACCOUNT
While I was getting ready to write a post cum video on the Infosys Strategy, I looked at my holdings and realized that HDFC Bank was once again at a make-or-break juncture - 1630. It has turned down from this level quite a few times. So exited half my position at the price and banked the gains.
This helped me regain objectivity related to the scrip. And immediately, I thought of checking if I could fund a Bull Call Spread in HDFC Bank with the proceeds that I received from the sale of equity in part. I know smart readers are now calculating how many shares I would have sold and that is OK! I like that kind of approach as it would help you develop your mind to your benefit. I also do such things so I know this is a natural reaction.
HDFC Bank is behaving like TCS as it is trying to scale higher highs as it gets ready to face the results that are due on 15-10-21. I know it is a bit too early to execute a strategy for the results but I had the funds today so for me, today was a good day.
I chose to create a Bull CE Spread as under:--
Long 1620 CE at 44.30
Short 1640 CE at 36.05
When I executed the strategy, the spot was at 1629.65-1630. EOD is at the same level and my strategy is at cost.
Please have a look at the video to know more about the details. In case you are reading this on your mobile App, you may not see the link. Please use a web version and you will see the video link in it. This issue has been flagged with Investing.com already.
I will get back to you on 18-11-21 as that is when the scrip would react to the Q2 results.
If you want to test a strategy like this, please remember that I am sharing this only for educational and informational purposes only. I believe that by sharing to the extent I can via such posts and videos, even I am able to improve my learnings and readings of the market.
Please take good care of you capital as you would be in the game as long as your capital is alive - money would eventually come in once you are good at the process that you end up developing for yourself.
Till we meet again,
Please keep learning, implementing & making money!
Best wishes,
Umesh
12-10-21
Infosys Q2 results based strategies INFOSYS Q2 RESULT BASED STRATEGIES
The IT heavyweight is scheduled to declare its results tomorrow. However, I am not sure at what time the results are likely to be declared so am creating the strategy now itself and have this post cum video explaining the basis on which I have created the strategy only for the purposes of tracking I have not taken a position. If I do take, I will let you know.
Infosys has been behaving in a very unusual manner for quite some time. Either it goes up quickly and then abruptly falls and then goes in to a drifting mode then leading to consolidation. I have traded Long Only options in the scrip and have gained good ROI. However, for the last few weeks I have stayed away from all IT scrips in Options as the behavior is not something that I like to trade.
Infosys Spot is at 1673 when I am writing this post so my strategies would be based on the same. Please watch the video to know the workings related to the strategy.