Options
The calendar year comes to an end with calm expiry. NIFTY50It is a consolidation expiry. As we discussed, Nifty is in between the ranges. 17200 to 17300, still acting as a resistance. Let's see if there is any upward movement from the channel. My option selling: hey, it's a consolidation option, so sellers make money. The day started with 17050 PE and 17300 CE. I booked 17500CE and 17800 PE with profit. Finally, I sold even 17150 put as well, ending with a good profit.
I hope everyone ends this year on a high. My focus for the coming week is on the upper side of 17300 and the lower side of 17000–16900.
New Year's greeting
30 Dec 2021 How to apply Ninja Scalping to OptionsHow to apply Ninja Scalping (Pull back method) to Options
Bank Nifty intraday ninja scalping technique #Banknifty, #Charts, #market, #trading
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DABUR SHORTDabur shows head and shoulders pattern as marked on the chart above
It recently gave a breakdown from the pattern and retraced a bit till the neckline
One can look for shorting opportunities in DABUR with first target being 540 and second target being 525. SL @580
FOLLOW FOR MORE IDEAS.
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS ANALYSIS.
Bear market expected on 29/12/2021 but still market is supremeBefore every analysis I always look after the option chain data for Banknifty. I went to sensibull and just shocked 😱😱.
Option chain data is showing almost 1544 lakhs contracts were sold in 35000-35500 call options. So a big pressure and that's the reason market can't go up or gives closing above 35500 mark.
Again a bear market 😐😐🙄🙄.
Intraday level is given in this above photo for 29/12/2021
Entering into the Christmas Sale Weekly Expiry NIFTY50In this December month, we were blessed with five expiry dates. I would say that the last three expiry dates are like a roller coaster ride, highly volatile. We are entering our 4th week now, and it is a technically correction mode. Technically, a 10% drop from the recent high is referred to as a correction. Look at Nifty50 on Monday. It opened with a huge gap down and the panic selling happened because of the major levels where we know it was taken out. 17000 and 16700. This range is important because it is 10% from the recent high and also a fib range. After the range was broken, the NIFTY50 made a new week low near the 16400 level, then pulled back and closed above 16600.This kind of pull back kills aggressive traders.
Tuesday opened with a near 0.96% gap up. Think about it! NIFTY50 as well as a strong rebound. It closed above 16700, so it looks good. In NIFTY50, we can expect the major levels to turn into resistance like Nifty did. Today, resistance is near 17950.We can expect the 17000 level to continue as resistance for the week, so I would be confident about selling at a strike price above 17200 on the downside of 16400 for a safe trade.
Keep an eye on the daily candle as well. There is a doji candle . We can expect moments in both directions Make a decision accordingly.
Bharti Airtel - Bearish Bharti Airtel showed a very poor uptrend marred with volatility. This leads me to believe that the uptrend was in fact weak. Now there seems to be a change in polarity. Bharti Airtel took a confluence of resistance from the trend line and its previous resistance.
Preferred trades: 720 CE short. But be careful, Bharti Airtel is known to bring nasty surprises.
This is just a short-term trade, in fact, I'm super bullish on Bharti Airtel for the long term.
Nmdc breakout or fall. Do keep a watch.Nmdc has been on a downtrend from a really long time and has been taking resistance on the trendline. If it crosses the trendline and breachs 148 level and sustains that we can see a rally till 156.
Also the prices have been finding a support in the range of 130 to 133.
So if the prices fall below 143, one can short nmdc at 147 with a target of 135.
Mindtree Next Week - Support & Resistance LevelThis is just for study purpose, don't blindly trade into it. Please discuss with your financial adviser before trading into stock market.
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