nifty today supply levelthese levels are based on demand and supply price action n this given range of price act as agood resistance.
Optionstrading
BankNifty Trade Setup 22/11/22As BankNifty Continusally trading in Range from few days,chances of trending market may possible,if banknifty slips below 42200 ,go for Short with last swing as Stoploss. On upper Side also Banknifty facing resistance so if price get rejection from upper area as shown in chart then try 1/3rd quantity for sell and remaining add when it start to trade below 42200.
Double Bottom pattern reversal in JUBLFOOD.JUBLFOOD
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing Reversal of double bottom Pattern .
📊 It can give movement upto the Reversal target of above 570+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 590+.
Bullish Pennant pattern breakout in CHOLAFIN.CHOLAFIN
Key highlights: 💡⚡
📊 On 1D Time Frame Stock Showing Breakout of Bullish pennant Pattern .
📊Strong Bullish Candlestick Form on this timeframe.
📊It can give movement upto Breakout target of 935+.
📊Can Go Long in this stock by placing stop loss below 700-.
📊Breakout this can give risk:reward upto 1:7+.
#NIFTY analysisBig gap up post US inflation data, catching the top is impossible so play with levels only.
Rising wedge pattern Reversal in KOTAKBANKKOTAKBANK
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing Reversal of Rising wedge Pattern .
📊 It can give movement upto the Reversal target of Above 1960+.
📊 Can Go Short in this stock by placing stop loss below 1870 or last swing Low.
Triangle pattern Reversal in APOLLOHOSP.APOLLOHOSP
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of triangle Pattern .
📊 It can give movement upto the Reversal target of Above 4610+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 5200+.
📊 Can Go Short in this stock by placing stop loss below 4330 or last swing Low.
Nifty Tuesday Intraday Levels for Trading👉 Nifty Tuesday Intraday Levels for Trading:
👉Support: 17972.
👉Buy CE above 18025 for a Target of 18100 (resistance) and 18210.
👉Buy PE below 17970 for a target of 17900/17800/17725.
#NIFTY50
#banknifty weekly TF analysis:-#banknifty weekly TF analysis:-
Let me post what exactly I am seeing on Weekly Chart:- We have come out of triple combo complex correction of the 4th wave and currently, the 5th wave is running, the bare min target of this wave is 47,570 and the invalidation level is 32,290.
We hope to see these levels in the next 6 months to a year.
Regards,
SG
Nifty has it's deciding Week .Is Nifty going to go up or Down Here it's Answer ?
If it crosses
17800 Up Wards Buy for 18000
and if crosses this weeks candle low which is of date 28 Oct 2022 then Short Agressively for 500 - 600 points
See The Chat
gray line is of 20 MA
NSE:NIFTY
BANKNIFTY ANALYSIS FOR [21-10-2022]NSE:BANKNIFTY
Banknifty all essential levels are marked on the chart.
Its moving in a channel and facing heavy resistance at the top so trade with caution on long side.
We might see the market opens on a negative note.
Always trade with stoploss to avoid big drawdowns
=Nifty doesn't look good for now so I will be avoiding trades in it
please like and comment if you like my analysis
Happy trading,
keep learning.
CHOOSING OPTIONS STRIKEChoosing wrong strike prices can lead to big losses even when our analysis is right. It's due to Theta decay.
So Lets understand some basics of options strike price.
There are three types of strike prices based on their moneyness.
1)ATM (At the Money)
2)OTM (Out of the Money)
3)ITM (In the Money)
FOR CALL OPTIONS :
Lets assume Stock ABC is trading at 150 (spot price). Then,
Spot price = 150
ATM Strike = 150
Any strike above spot price is OTM for call option.
Ex : 160 ,170,180 etc.,
Any strike below spot price is ITM for call option.
Ex : 140, 130, 120 etc.,
FOR PUT OPTIONS :
Stock ABC is trading at 150 (spot price).
Spot price = 150
ATM Strike = 150
Any strike above spot price is ITM for put option.
Ex : 160 ,170,180 etc.,
Any strike below spot price is OTM for put option.
Ex : 140, 130, 120 etc.,
HOW TO CHOOSE THE STRIKE AMONG THE ABOVE THREE MONEYNESS
1)Follow a simple rule, Buy a strike price which is closer to the spot price. "OTM STRIKES ARE BIG NO" .
2) Remember! when we are buying an option, the stock / index needs to move up / down with a good momentum. So that our option will gain some value & we will be in profit.
So it doesn't make sense to buy a OTM call / put. Because if a strike price is far away from spot price, it won't give us much movement due to time decay.
I have even shared my option strike rules as follow.
Friday, Monday & Tuesday = ATM strikes
Wednesday & Thursday = ITM strikes
This is how I used to pick strikes for intraday. The reason is simple because, if we are closer to the expiry (Thursday) the effect of theta decay is very high. Due to which our premiums will not move much even if the stock / index has moved pretty well. By following these rules, our chances of losing money will drop drastically.
Happy Learning & Earning :)
- DivyaaPugal
BANK NIFTY PREDICTION FOR 12TH OCT
Bank nifty prediction for 12th oct
Market either can be bullish or bearish but guys do remember one thing market is consolidating from past 4 days whenever it will break upside or down side it will boom.
BAJAJ FINSERV - Short Candidate 14SeptHuge volume was witnessed during the day.
I suspect it was a trap by the FII's and the poor retail traders fell for it.
A rising wedge is usually a very good setup for WILD moves, hence I suspect that this support would be broken easily tomorrow (14 Sept 2022) owing to the #BankNifty Weakness.
EASY OPTION TRADING STRATEGY FOR NIFTY INDEX TRADING
Key Levels For Day Trading
Support Zones For Nifty Intraday Trading on Fiday
First Resistance Zone For Nifty – 17284 – 17293
Second Resistance Zone For Nifty – 17220 – 17230
Third Resistance Zone For Nifty – 17165 – 17181
Forth Support Zone For Nifty – 17060 – 17072
Resistance Zones For Nifty Intraday Trading on Fiday
First Resistance Zone For Nifty – 17380 – 17370
Second Resistance Zone For Nifty – 17472 – 17458
Third Resistance Zone For Nifty – 17540 – 17528 –
BANKNIFTY Weekly Action Banknifty Near Crucial Level plus Double EMA Support Prefer to go long by shorting PE option with Market Adjustment Levels. HDFC & AXIS Banks Showing Some Good Delivery based buying can pull BN with MOMENTUM
Banknifty will sustain the upmove or notBanknifty intraday levels and major reversal levels.
Guys dont be aggressive in current scenerio. try to follow the two candle theory either for intraday or swing trade setup.,.
BankNifty Daily Levels Update For Option Day Trading
Major Support Zones For BankNifty On Expiry
First Support Zone For Nifty – 37523 - 37560
Second Support Zone For Nifty – 37306 - 37345
Third Support Zone For Nifty – 37055 - 37095
Major Resistance Zones For BankNifty On Tuesday
First Resistance Zone For Nifty – ( 37852 - 37827 )
Second Resistance Zone For Nifty – ( 38195 - 38165 )
Third Resistance Zone For Nifty – ( 38535 - 38495 )
NIFTY TRENDNifty analysis :
Two confirmations of shorts
1. TrendLine Rejections with above avg Volumes
2. Rsi Divergence
upon follow up - Trade ideas
1. Low Risk - Low Rewards _ High Probabilty (CREDIT SPREADS)
TRADE IDEA : SELL 18200 & above calls SEP expiry & BUY HEDGE
2. Low Risk - High Rewards _ (RATIO)
TRADE IDEA : SEP - Monthly Expiry
BUY ATM 17600PE - 2lots
BUY 16400PE - 2lots
SELL 16800PE - 4lots
POP : 42% \\ Margin Req : 80K \\ Breakeven : 17400 \\ Max Profit @16800 \\ Max Loss above 17600
DLF : Trendline SupportThe chart clearly shows that DLF daily chart is currently at its trend line support.
The upside and downside arrows shows the entry zones for buy / short respectively.
Rising wedge pattern in NIFTY 50The price formed a raising veg pattern and gave a fake breakout. Here are some important levels. I am Bearish in Nifty 50, but nowadays the market does not behave as usual, so we cannot say anything in the closed market.
NMDC: Cup with handle breakout soon - Est. Profit 17%NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
Probable Inverted Head & Shoulder Breakout in AArti IndustriesProbable candidate for Bullish Inverted Head & Shoulder Breakout in NSE:AARTIIND for reward of around 140 rs.
one can look into it to make a bullish position once the stock NSE:AARTIIND closed above the neck line.
I will update the entry, target and stoploss once the breakout completed
