Volatility will be there. Enter after confirmation . strongest resistence- 45700 . For "bullish" entry: 45030 / 45250 target-45500 / 45685 . . possibility for "stoploss" hunting will be there. Trade carefully. . refer old ideas attached below.
Looking good for short opportunities once the trendline is broken can give a nice momentum as it's been a buying trendline. Please do follow me for more such trades nd do check out my previous analysis.
Bull Put Spread EXIDEIND 29JUN2023 202.5PE Buy @3.2 EXIDEIND 29JUN2023 205PE Sell @4.2 Net Credit ₹ +3,600 Max. Profit +3,600 (11.32%) = net credit Max. Loss -5,400 (-16.99%) Max. RR Ratio 1:0.67 Breakevens 204.0 Margin req to trade 35000 (aprox.)
nifty created a flag pattern. if it breaks upside, it may go further upside. also there is a resistance at 19430. if nifty goes down and break the 19300 level, it may go down upto 19250. please note that there is a support at 19250, so, you have to wait for the price action at 19250 level.
Nifty is taking support from the daily trendline. Also there is a support line of 19250. if it both the support breaks then we can see good down fall till 19050 level. If it takes support we can see a 200 points move upside.
Manappuram Finance looking good for intraday 08/07/23. After 2 days fall high chances of recovery Good straddle rate with Good IVP. Today Day Low Sl. Upside Targets - 130-132-135
Nifty June Future is currently trading at 18808, I am going long based on my analysis. My target is 19022.70 by 29-06-2023.
N50 also had very little movement today to fire up the options premium. We even have a 10000 PE for the current week expiry. i.e a strike which is 47% below the spot price. Even a nuclear war will not take us there by Thursday. N50 also maintained the ground today, not falling below the 18650 level ensuring the swing low of 23rd is not broken. When we ended the...
BN opened gap up, but right at the opening itself we all anticipated that we are not going to have an up day today. The options flow gave me a bearish bias and was looking for opportunities to enter. The first swing till 10.50 where we had a drop of 222pts & then a retracement of 113pts looked healthy and almost filling all the checklist for the 2nd leg. Instead...
triangle formation in intraday 15min candle in nifty watch out for break triangle most of chances to breadown side but keep in mind if price break up go for buy or CE if Breakdown go for Sell PE 18647 (crucial level) is important support for Nifty
trading idea in nifty for intraday using 15min candle break up side go for CE if breakdown side go for PE
Yesterday I said, " I will be a believer if we continue the green spell tomorrow also." - guess what Finnifty hit all time high today at 19660.1 at 13.55. This is partly due to the news flow in HDFC & HDFCBK (both are having good weightage in finnifty). This is the main reason it outperformed with gains of 0.68% whereas Nifty & Banknifty had gains of 0.21%...
Nifty was looking fully loaded to hit a new all time high today, it ended 23 pts short! Probably Nifty50 requires more postmortem than banknifty today, so let us start there! N50 started the day gap-up thanks to the +ve handout from SPX yesterday. Once it reached the resistance zone of 18762, it lost steam and was trading sideways. All of a sudden at 13.55, N50...
The beast in banknifty got unleashed today, after a long gap banknifty options really started surging today! You wont believe the OTM prices went above the traded range of Wednesday, that too today being an expiry day! --- BankNifty Weekly Analysis During the current expiry week 9th to 15th June, banknifty shed 556 pts ~ 1.27%. You may not believe that 544pts i.e...
Another day went by where the last 1 hr changed the sentiment of the day. Banknifty rallied 188pts ~ 0.43% from the LOD to the HOD all in 65 mts 14.20 to 15.25. Till that point the view was bearish and open for shorting opportunities. Just check the encircled area, banknifty was struggling to go past the resistance of 44068. The set up seemed almost perfect for a...
Wait for nifty to reach at resistance levels and let it form proper resistance and then we can go for bearish trade till support levels
Quite an unexpected performance by NiftyIT today up +1.51% which would have spoiled the party for the Nifty50 bears. Last week as it ended was looking pretty negative for Nifty and flattish for BankNifty. Banknifty had a steady day today, down only 0.1% but the prices were consistently falling giving the impression that selling is still not over. From a...
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty. Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing price action gave it more momentum....