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ICICI Bank: Short strangle Trading StrategyICICI 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 - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020 Take care & safe trading...!!!
NSE:ICICIBANK
by indiamarketoutlook
3
Nifty strategy in this volatile marketNifty 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 strategy Sell Nifty Put Option Lot Size:75 Expiry: 30 April 2020 Strike Price: 6100 CMP 250 Any price above 6100 in Nifty on 30 April 2020 can yield a Maximum profit potential of Rs 18750/- (Profit potential of approximately 30% on margin ) per lot Loss in strategy only if Nifty closes below 5870 on 30 April 2020 That is a good 1800 points protection ( in simple words in built Protection against loss of Rs 135000/ -) Take care & safe trading...!!! Do hit the like button and follow us
NSE:NIFTY
by indiamarketoutlook
2
While Nifty did made some attempt to pullback, the same was 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 no mood to stay back. Below 18650 the index may further slip to 13200 levels. However to prove itself strong the stock has to pull above 21900 the index may pull up to 24500 & 28000 levels.
NSE:BANKNIFTY
by BharatJhunjhunwala
1
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!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 +200/-200 ARE CONTRA ZONES/REVERSAL ZONES EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP MY VIEW ON LEVELS NIFTY BOUNCE EXPECTED 10490 10930 THAT IS STILL 1000 POINTS FROM CURRENT LEVELS STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS (ANOTHER REASON FOR MARKET REBOUND)
NSE:NIFTYLong
by manavtechresearch
The USDINR is trending up, a small divergence was created on RSIIn 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 close itself above it then we may further see advance in it. The upside targets for the pair are placed at 74.70, 75.50 & 77.50 if the 73.55 levels is safe. Below 73.55 the correction may extend to 72.60, 71.30 & 70.75 levels.
by BharatJhunjhunwala
RSI being heavily oversold the stock may pullbackThe 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 selling. If selling beings again then the stock may find support at 1095, 1050 levels below which the target is deep towards 890 zones.
NSE:HDFCBANK
by BharatJhunjhunwala
The RSI is oversold on both the timeframes, so a bounce cannot 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 course. Nifty is expected to meet resistance at 11440 & 11740, shorts can be created at the levels considering the price action. On the downside nifty may drift to 10600 & 9800 levels in the weeks to come.
NSE:NIFTY
by BharatJhunjhunwala
Bank Nifty Trading Strategy for 5th March '2020.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 rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels. ## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612). ## Weekly/ Resistance / Supply Zone :- 31,113-31,183 ## Weekly/Resistance / Supply Zone :- 30946-31010 ## Weekly/ Resistance / Supply Zone :- 30521-31630 ## ** Monthly Resistance / Supply Zone 29,994-30,208 ## ** Monthly Resistance / Supply Zone 29,587-29,612. @@ Pivot Zone:- 28,830-28,725 Above +ve Below -ve ## Support:- 28,872/27,989 There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTYShort
by subhagghosh
Bank Nifty 4th Mar’20 BNTrading on Telegram:-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 corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels. ## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612). ## Weekly/ Resistance / Supply Zone :- 31,113-31,183 ## Weekly/Resistance / Supply Zone :- 30946-31010 ## Weekly/ Resistance / Supply Zone :- 30521-31630 ## ** Monthly Resistance / Supply Zone 29,994-30,208 ## ** Monthly Resistance / Supply Zone 29,587-29,612. @@ Pivot Zone:- 29,140-29,281 Above +ve Below -ve ## Support:- 28,872/27,989 There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTYShort
by subhagghosh
Bank Nifty Trading Strategy for 3rd March '2020.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 & 26,728. You remember the corporate rate cute happened on 20th Sep,19 (L- 26,728 & H- 29,419), that flood gate has open and it’s a vacuum which can suck BN to 27K levels. ## Monthly Resistance:- 31,467, 31650-31750 / 31905 (23.6% retracement of 32613 & 29612). ## Weekly/ Resistance / Supply Zone :- 31,113-31,183 ## Weekly/Resistance / Supply Zone :- 30946-31010 ## Weekly/ Resistance / Supply Zone :- 30521-31630 ## ** Monthly Resistance / Supply Zone 29,994-30,208 ## ** Monthly Resistance / Supply Zone 29,587-29,612. ## PIVOT:- 28,976-29,181 ## Support:- 28,872/27,989 There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTYShort
by subhagghosh
The RSI has fallen below the 30 levels. If Banknifty fails to If we compare percentage wise the fall in Banknifty was less intense than that of Nifty. Nifty corrected 3.71% while Banknifty (that should have been move wild) corrected 3.44% We can see that Bank nifty is also at an important pivot as Nifty is. The RSI has fallen below the 30 levels. If Banknifty fails to save the 28950 levels in the coming week then the selling may intensify and the index may correct further to 28450, 28260 & 28000 levels. For a strong pullback a close above 29350 is required, which may give a relief rally to 29900, 30100 & 30400 levels.
NSE:BANKNIFTY
by BharatJhunjhunwala
2
The fall halted at a very crucial pivot zone of 11200. The charts were providing clear signal of exhaustion in Nifty, the same I have been pointing out in my previous weekly issues. Sellers gripped Nifty very hard today and lead to a 431 point fall. The fall halted at a very crucial pivot zone of 11200. Now we have to watch out how Nifty will behaves on Monday. If it closes below the pivot and registers negative close then we have presume that a trend down have begun in the markets. The next major support level lies close to 9600! Well that’s a very distant probability target. To trade short term Nifty needs to close above 11300 for an advance to 11355, 11540 & 11600 levels. However if nifty fails to advance then we may further see corrections to 10900 levels. Some important observations on RSI is the oversold levels below 25! Last time RSI was below 25 August 2019 thereafter the corrections halted and a rally to new highs was seen.
NSE:NIFTYLong
by BharatJhunjhunwala
2
If nifty fails to move above 12300 then most probably it willNifty ended up in a state of confusion. There was no defined action, being the week ending on weekly expiry this was much expected. However Nifty seems to be under pressure. The 12300 levels are intact from last few weeks and has been acting as a effective resistance. If nifty fails to move above 12300 then most probably it will test 11990, 11850 & 11600 in the weeks to come, to get its bullish signature back Nifty needs to break above 12300. Above 12300 we may see Nifty move up to 12390 – 12650 levels.
NSE:NIFTY
by BharatJhunjhunwala
Bang ON Levels for Bank Nifty :- 12th Feb'2020.Bank Nifty Trading Strategy for 12th Feb'2020:- From telegram's BNTrading. Today was a short squeeze in 1 hour with a range-bound for the rest of the day. The BN opened (31230) in our resistance level (31183-31260) and crossed above the zone in first min itself, which is technical buy and entered into monthly resistance zone ( 31380-31480) and overshoot the zone (Day high 31505) and profit was booked in resistance zone. As the 1st-hour momentum was high and the price was above the pivot zone, we didn't initiate any short position (ideal short was below 31380 was breached). What I said yesterday “I am bearish on BN until we close above 31,260, technically the trend has changed below 31113. It opens the downsize target of 30761.”, As we have closed above 31260, the trend has changed to positive. Trend reversal will happen only below 3113. ## Daily/Weekly/Monthly Resistance:- 31385-31505 / 31650-31750 ## PIVOT:- 31,273-31,392 ## Tomorrow Demand / Support:- 31113-31183 ## Tomorrow Demand / Support :- 30654-30705 ## Weekly Support:- 30654-30705 NOTE:- We are bearish below 31113 and super bearish below 30926. There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTY
by subhagghosh
3
Bang On Levels of Bank Nifty:- 11th Feb'2020Bank Nifty Trading Strategy for 11th Feb'2020:- From telegram's BNTrading. Today was a consolidation day with a negative bias. The BN opened (31248) in our pivot level (31160-31260) and was never able to enter the pivot zone. Our 1st click trade was short BN for 100-200 points, which we achieved. The whole day we traded in ITM PEs, bought PE at higher levels and closed it in lower levels ( 100 points movements). There was big no to buy any calls during the day, we made a good profit. I am bearish on BN until we close above 31,260, technically the trend has changed below 31113. It opens the downsize target of 30761 or below. ## Daily/Weekly/Monthly Resistance:- 31380-31480 / 31650-31750 ## Tomorrow Supply / Resistance:- 31183-31260 ## PIVOT:- 30972-31107 ## Tomorrow Demand / Support :- 30654-30705 ## Weekly Support:- 30654-30705 NOTE:- We are bearish below 31113 and super bearish below 30926. There are two types of trades:- Range Trading and Breakout Trade. 1. Range Trade:- Buy/SELL in above or below Pivot Zone & GREEN Zones, SL is zone lower point, T 100 to 300 points/resistance zone. 2. Breakout Trade:- Once a pivot/zone is broken, keep SL as lower / upper end of the zone for next zone as the target or target 100 -300 points.
NSE:BANKNIFTYShort
by subhagghosh
Short term support is at 12040 below it Nifty may fall to 11840.The weekly chart of Nifty displays strong comeback from buyers. The piercing bull candle in uptrend is a clear sign of strength. In the last session Nifty ended after a volatile session creating a narrow range candle, the daily prices halted at 61.8% retracement of the corrective leg. The RSI taking resistance at 45 ma and curling down while MACD is into bearish zone, indicate the momentum needs to be boosted further to maintain the overall trend up. Short term support is at 12040 below it Nifty may fall to 11840. If Nifty is able to maintain itself above 12040 it may rally to 12430 & 13000 levels.
NSE:NIFTY
by BharatJhunjhunwala