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.
Optionstrading
NSE:SBIN LongNSE:SBIN
#SBIN touch ATH and retraced to 520 levels. Sustaining above the level creates positive momentum.
Post Confirmation can try 520 CE.
If the level not sustain and swing change to negative use 510 level as support and can try PE !!
Happy Trading !!
Today Levels and results already shared, Almost all the scripts given good results !!
Levels perfectly captured and shared for FREE Everyday !!
NSE:DEEPAKNTR @ ResistanceNSE:DEEPAKNTR
#DEEPAKNTR reached ATH and retraced, now reaching to resistance level @ 2500 levels.
Sustaining above the level may give positive momentum.
Post confirmation, may try 2500 CE with SL of 2300.
Happy Trading !!
Check the Other levels shared and resulted today !!
#TATAPOWER - 42K
#MANAPPURAM - 17K
#DIXON - 21K
#IDFCFIRSTB - 15K
#IRCTC - 31K
#BANKBARODA - 27K
NSE:GMRINFRA LongNSE:GMRINFRA
#GMRINFRA reached ATH and retraces, now closed @ resistance level 40 levels, breakout and sustainability will give positive momentum !!
Post Confirmation, can try 40 CE
Levels shared today and resulted:
#IRCTC - 24K
#VEDL - 25K
#ONGC - 8K
#ICICIBANK - 36K
#CANBK - 12K
#AXIS - 20K
#BANKBARODA - 27K
#POLYCAB - 14K
#CIPLA-7K
#POWERGRID - 9K
#INDIGO - 22K
Happy Trading !!
NSE:DISHTV LongNSE:DISHTV
#DISHTV Reached to support @17.3 and bounced back, One can buy @ CMP and maintain the SL 16.5.
F&O One Can try 18CE, SL remains Same.
One More blasting day,
when the whole market is in RED,
We managed to close in green with huge profits..
On a Whole, today Profits more than one lac excluding Cash and MCX segment,
Check out the scripts shared and results bagged.
#SBIN - 16K
#BHARTIARTL - 26K
#BATAINDIA - 21K
#CANBK - 19K
#IDEA - 28K
#SANGAMIND - 16% (Cash not F&O)
Happy Trading.
Don't Like or Share.
NSE:SONATSOFTW BuyNSE:SONATSOFTW
#SONATSOFTW One of our MO selected #Multibagger showing positive results,
Check out the levels, After touching 633 level Never look back to that level and reached till 1010 and retraced to 961.
Sustaining above this level might give good momentum, Good above 1015.
Have a Happy trading.
BN Vertical Call Credit SpreadFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short strangle.
In combination with this, if we buy much farther CE and PE, the short strangle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle.
The spread between buy and call leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread.
Since this week the view is bearish , we are taking only the CE leg of Iron Condor. As the week progresses, additional trade may be added.
Please leave a comment if you need further clarification on the following trade
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Buy 39500CE, Sell 38900CE
The history of trades of this trade model is in the following link:
docs.google.com
My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own.
Please leave a like if you like the trade ideas :)
NSE:INFY LongNSE:INFY
#INFY trading @ Resistance zone and breakout will give positive momentum
Above candle closure and be traded options too.
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
NSE:DELTACORP Hits all targets !!NSE:DELTACORP
NSE:DELTACORP Hits all targets and zooming to sky,
Levels shared were mentioned on chart.
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Tata power. RSI Divergence in Tata power indicates the upcoming fall. we have a resistance at 172 so investors Book partial profits at 172 and full profits after it falls below 170then reenter positions at 155-140 levels. Traders can Short Tata power futures after it touches resistance and close below 170.option traders can buy put option after it starts to fall below 170
Sep21-W5: Nifty momentum forewarns of a correction (Sep27 to OctExactly as written last week, Nifty did remain below 5 EMA for initial couple of days but resumed its uptrend subsequently. The reversal till 15 EMA did not happen.
Even though Nifty is galloping ahead, the momentum indicators are exhausted now. There remain 3 parallel channels on my chart. The blue and green channels may only act as resistance from here on. Eventually, Nifty should settle somewhere near the middle of black channel. This can happen either during coming week or next week.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 18150 and 17700
Downtrend - If breach below 17700; to drop somewhere till 17250
Uptrend - If breach above 18150; to rise somewhere till 18450
Metals, steel and realty have been booming these days. I wonder if this is a good time to exit equity and invest in real estate?
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.