Optionsstrategies
Nifty Analysis for 12th NovNSE:NIFTY
⏺ 4/1 Hourly - Nifty is making lower highs and lower lows.
⏺ 15/5 min - Constantly getting rejected from purple resistance
✅ Support - 17850, 17760
❌ Resistance - 17960
📈 Trend? - Rangebound, but if lower support is broken, rally to that side is very much likely.
(what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points)
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume .
--> Rangebound market will eat your premium if you are a buyer.
--> waiting for retracement is always better than diving in.
--> wait for a candle to close before deciding that it is a confirmatory candle.
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.
Nifty Intraday Options Trades for 2/8/2021Intraday Options:
A. Buy 5th Aug Nifty 15900CE Strictly above 53 SL 40 Target 90 and 100.
B. Buy 5th Aug Nifty 16000PE Strictly above 287 SL 245 Target 390 and 400
Exit before market Close Today. Do not take position for Tomorrow unless advised so.
Out of the above 2 options calls, Trade only in 1 option which ever comes first and cancel second order immediately.
All Disclaimers Apply.
BANK NIFTY (NIFTY BANK) Option trading analysis for 15 July 2021IMPORTANT NOTE: Trade in 5 Min and 15 Min Time frame, the TradingView is not allowing to post in the smaller time frame and I'm not interested to buy premium plan so please trade as per given time frame and level and targets Thanks.
Bank Nifty trade analysis and level targets
BUY Above 35848 if the level breaks
and wait for price action to enter
in the trade then wait for targets 1 (35943), and target 2 (36108).
SELL BELOW 35665,
And wait for targets 1, (35542) and 2 (35380)
DISCLAIMER:- I Am Not SEBI Registered Analyst or financial adviser.
All Post and Levels Posting Only For learning Purpose. Not Giving Any Recommendations For Trade. I'm Not Responsible For Your Any Kind Of Loss Or Profit. Before trading please consult with your financial advisor.
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