I had share with you live trade setup on Friday
after 200 point gap down opening.
Please have a look to that chart and you will understand ,
how we adjust our trade and view.
Monady i will continue with Sell on rise strategy till nifty trade below 14700-14750.
Level mention on Chart.
If you have any question regarding setup or Nifty
,Please message me...
A hugely volatile day observed following global cues. Flag patter in observed on 1 minute chart with a downside breakdown however, it is near a support zone. Wish to see the support would be held and continue with sideways movement.
Breakout visible at the end of the screen capture!
* POWER PACK BREAKOUT REQUIRED @ 32613 *
Do your own research before using these levels.
These levels are useful for F&0 tradings.
Keep Learning and Start Earning.
The market will be volatile till Feb 1
* Be Careful while Trading Keep Strict StopLoss *
* MOSTLY FOR BEGINNERS *
Do your own research before using these...
Do your own research before using these levels.
These levels are useful for F&0 tradings.
Keep Learning and Start Earning.
The market will be volatile till Feb 1
* Be Careful while Trading Keep Strict StopLoss *
* MOSTLY FOR BEGINNERS *
Price action suggested a weakness in the index, hence continued to add more option selling at 14800 CE and bringing the hedge down from 14900 CE to 14850CE, thus reducing the risk in the trade and improving the risk-reward.
Gap up opening was a bit of a scare initially for the Call sold position, however there was no decisive upmove which was a saviour.
Yesterday, we entered into a trade for tomorrow's expiry. We also discussed about the presence of strong resistance around 14650 to 14660 levels for Nifty50, that is where we have observed some correction or reversal. Our trade for Sell 14800CE is intact, while we have shifted the short position of 14150PE to 14250PE which is a safe bet.
The chart pic above clearly shows a megaphone top formation on Bajaj Finance Daily Charts.
The arrows marked explains the probable trend. One needs to trade as per the price action upon Breakout above the trendline within the pattern or breakdown below the pattern support.
LIC HSG FIN
CMP 403.20
- The stock is running in to a series of potential line of resistance around 404 / 418 / 424 / 439
Given the chart set up
One may consider selling LIC HSG FIN 440 Call Option for Jan 28 expiry
Lot size 2000
CMP 7.1
Max profit potential Rs 14200/- per lot. Yield potential of 8.5% on Margin Capital
Risk cover for a rise in price up to...
some 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...
NIFTY 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...
Educational Purpose only!
Hello Friends,
On daily time frame yesterday nifty opened big gap up and formed inverted hammer. To digest that big momentum it has to go sideways so this is good oppourtunity for option traders, simply sell a infy 960 CE and wait for some days you will get theta value.
Markets opened with caution today, but gained ground through the day. in the second half though the banking stocks saw pressure and led to selling. Indices closed near the lower end of the trading range. Indicating caution.
Option data suggests a trading range of 9800 to 1000 for tomorrow. Bank Nifty seems to have a trading range of 19500 to 20500.
As usual lets...
20 day EMA stays below 50 day EMA signals the continuation of bearish sentiment. Evening star pattern in daily chart confirms the resumption of bearish sentiment. Expect the index to stay below 22000 level for this expiry.
