NIFTY TRADE SET UP FOR MONDAYMarket Range - 11800- 11650.
above 11800 long and below 11650 short.
but this is 150 point range and as an Intraday trader, we have to make money in between these range.
i have draw a trend line if the market closes below that line in 5 min chart I will short and above that trend line, I will go long.
don't wait for long profit insted book small profit multiple time.
Happy trading.
Options
NIFTY TRADE SETUP FOR FRIDAYNifty trade setup
nifty is still bullish. we have been seeing gap up opening for last 6-7 days .
intraday trading is tough but the best way is do scalping.
tomorrow I will go long above 11910 and short below 11790.
trend line t2 is short term support. above T2 market is bullish. and T1 is long term support.
will sell only if the market breaks T1.
there is 120 point inbetween our buy and sell .best is mark 30 min swing high and low . on the uper side sell ce and on the lower side sell pe.
if market break out or brekdown .exit from opposite position and buy ce or pe on the same direction.
on priority never look for profit .look to protect your money you will always earn. may be not very big but you will not lose money for sure.
i always said first identify the market. and do trade whenever market reach at support or resistance point.
today I have sold 119850 pe and 11900 ce .
make your own strategy .let the market work very hard to take our money.
don't run for big profit instead make small profit multiple times.
thanks
happy trading
NIFTY - THIS WEEK'S ANALYSIS & TRADE PLAN FOR TOMORROWNSE:NIFTY
Let me know if you find this useful and if I should continue posting such ideas on daily basis for intraday/swing levels of stocks & indices?
Take a look at the chart properly for detailed analysis,
also please note that this idea is purely for educational purpose only, kindly do your own research before investing and trading or consult your financial advisor.
NIFTY TRADE SETUP FOR EXPIRY
Nifty looks strong above trade line 2.
As option data suggest we can expect up movement.
if the market breaks 11800 and sustain then I will look to sell put option .
every dip is buying oppurtunity.
if the market breaks the 11670 levels then i will look to short the market.
NIFTY TRADE SETUP FOR WEDNESDAY
Today we have an excellent run around 60 points from our level.
Nifty managed to close above 10653 is a very strong sign for the market.
T2 represents the resent trend while T 1 represents dynamic long-term support.
Nifty is long above 11684 .watch out level is 11715. if break and sustain we can see strong upside movement.
aggressive short can initiate below 11617 .below trend line T1.
Market Update TuesdayAfter Gap up Market is trading in range.
As per our view we are looking for sell on rise .
in the morning I sell 11700 Ce but get only rs 2.
now since then waiting for a breakout .
I have drawn a trend line if the market cross the support line below the trend line than i will short and above 11616 i will buy.
otherwise no trading day for me.
Thank You.
NIFTY TRADE SETUP FOR TUESDAYAs i have told i will sell on the rise on condition. As per my support and resistance, i am getting a level of 11553
but there is dynamic trade line resistance near 11570.
i have taken both the position first sell 11700 ce at 11553
and again 11700 ce at 11570 with stop loss 11605. Miss the reverse trend .
now for tomorrow i will again follow the same strategy.
Level I have given on the chart .
there is a clear sell position below 11450 and buy above 11600.
A safe trader can consider these levels only.
Nifty success story Expiry DayNifty Sucees Story Expiry Day
AS i told you yesterday ..in case of gap up opening will buy 11300 ce and sell 11400 ce.
bought 11300 CE @ 67 make high 125 booked @ 119. Rs 52 per lot
sold 11400 CE @ 13.30 make high of 37 sold @ 31.
loss per lot is Rs 18.
i put Stop Loss around 11350 and bought 11300 ce 8 lot and sold 11400 CE 10 lot.
Happy treading.
NIFTY TRADE SETUP FOR EXPIRY DAYor example, if nifty break 11305 ...and sustain buy 11300 CE.
as options data suggest we have very less possibility to break 11170. and nifty might open above the Range.
if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only.
MY possible setup.
1 flat opening
sell 11350 ce and 11150 pe
2. Gap up opening .
will wait nifty to observe profit booking and buy 11300 ce and sell 11400 ce.
3 . gap down
if gap down below the range then i will short with full quantity .
NIFTY TRADE SETUP FOR TUESDAYsome people ask me how do we know that it's going to break the support or resisitance .
frankly told you no one in this world knows. we all do work on probability.
technicals give you a view of the mass psychology.
best way is whenever the market approach your resistance or support sell the nearest call and put .and hedge the position to buy call or put .
in this way your profit will be less but you will never lose the money.
now tomorrow there is a chance market will be trading in a range .
options call and put writing is on 11400 - 11200 .
try to make different set up for the different market.
you should have minimum two setups.
1 for a trending market
2. for range-bound market
you can discuss with me any time.
please Like and share.
Thanks
NIFTY TRADE SETUP FOR TUESDAYNIFTY TRADE SETUP
Nifty has given us very easy money today. this kind of setup we get once in month .
Tommrow if market opens above 11260 and sustain we can go long with for target 11300 , 11340 , 11380.
if Market opens gap down below 11777 ... we will be on shorter side.
if market open flat then we can see a range bound market.
if market is range bound then i will sell option .mark swing high and low .on high sell call and on low sell put.
As i told earlier Market has 3 possibility only
1. going up.
2. going down
3.Range bound
Be ready for all three possibility .
NIFTY TRADE SETUP FOR MONDAYNIFTY TRADE SETUP FOR MONDAY
Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish.
if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. .
the market can be range-bound between 11110- 11180.
once the market cross 11180 then we can see 11230, 11250.
on the other hand, if the market opens negative and sustains below 11020 we will initiate short.
for the target 10960,10902.
This is not a trade call. all views are for educational and discussion purpose only.
NIFTY TRADE SETUP FOR FRIDAYTomorrow I will follow the same strategy. Mark 30 min high and low. on high sell CE and on low Sell PE. on range break exit the respective position and carry the other position.
the market has only three possibility
1. going up
2. going down
3. range-bound
As an option Trader, we have to position ourselves for all three possibilities. we might not make extraordinary money but one thing is sure we will not lose the money.
Keep trading and keep making money.
NIFTY TRADE SETUP FOR FRIDAYTomorrow I will follow the same strategy. Mark 30 min high and low. on high sell CE and on low Sell PE. on range break exit the respective position and carry the other position.
the market has only three possibility
1. going up
2. going down
3. range-bound
As an option Trader, we have to position ourselves for all three possibilities. we might not make extraordinary money but one thing is sure we will not lose the money.
Keep trading and keep making money.