Nifty Daily Levels Update For Option Day Trading Tomorrow Call Side Posiible Trade in Nifty
First Possible Trade
Tread Entry
If Nifty sustain Above Support Zone (16606 -16588) You can Buy 16600 ATM CALL OPTION
Trade Target
Up side First Target is 16650 and If Any 1 Hour CandleCloses above first Target then Second target is 16700
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16588 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Second Possible Trade
Tread Entry
If Nifty sustain Above Support Zone (16497 -16480) You can Buy 16600 ATM CALL OPTION
Trade Target
Up side First Target is 16585 and If Any 1 Hour CandleCloses above first Target then Second target is 16606 /16650
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16480 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Tomorrow Put Side Posiible Trade in Nifty
Tread Entry
If Nifty Sustain Below Resistance Zone (16606-16588 ) You can Buy 16350 ATM PUT OPTION
Trade Target
Down side First nifty Target is 16497 If Any 1 Hour CandleCloses above first Target then Second target is 16370
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Above Resistance 16606 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Optionstrategy
Sideways movement in NIfty Now the Nifty Index is in consolidation mode after a strong bull run. Lucky for Option sellers indeed. ( Monthly Contracts)
1) We can execute Short Straddle near the All time High resistance or near to the immediate support at 17100 to 17000 (as per OI). Risky traders can go for Positional option buying (considering theta decay).
2)As its moving in a short range (350 points), it also a good option to use Short Strangle.
I would personally prefer the 1 st method, because there are chances that Support and Resistance levels get Breached.
Please share your valuable feedback
Disclaimer: Kindly do your own analysis and consult your advisor before taking any trade. This view is for educational purposes only.
Bank Nifty 13-7-2021Bank Nifty is looking quite bullish as Nifty 50 is also bullish but one thing that you should remember is that the Bank Nifty is considerably weak then Nifty 50. So you can expect a bullish view tomorrow. A gap up is expected because
1. There can be a break out due to ascending chart pattern that I analyzed in previous analysis. So keep an eye out their.
2. After analyzing the option chain we saw that the call writers exited their shorts in huge and amount and their is a short buildup heavily on the bullish or put side.
3. The PCR is 1.18 which is slightly overbought this is one of the reason why Bank Nifty is weak than Nifty 50.
4. The Bank nifty has gave a great closing of above the dangerous level of 35500 which is quite a bullish sign.
Now, the major(Yellow) and immediate(Blue) supports and resistance zones are give below. You can have a bullish view for tomorrow.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Nifty Options Expiry Trade_210121Price 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.
Nifty: Follow up on 1st week outlook viewNifty
CMP 14102
We had given a view on 1st Jan. This is in continuation of that view...
Nifty 13800 Put short Update
Suggested sell between 60-80
CMP 16
The position is active and is in profit.
Looking at the Options trade Data for January 01, 2021,
- Retail participants are looking more optimistic and
- FIIs and Proprietary traders are going preservative
(message in private to know more)
One may Consider adding a sell Call position
Strike Price : 14200 Call Option
CMP 46
The strategy is best suited for a range bound movement.
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Expiry Strategy: Sell 370 Call May @3.3 & Buy 380 Call May @ 1.7Trend is continued to be in consolidation phase between 310 and 400 levels. It wanders around 200 day EMA while MACD signals negative bias by staying below zero line. Expect it to stay below nearby resistance level of 370 till this expiry. As election result is on due, would like to adopt spread strategy. Lot size: 2667.
Expiry Strategy: Sell 290 Put @ 1.5It witnessed a turnaround by finding a breakout from recent consolidation. As well, MACD confirms the trend reversal. Expect it would expire above 290 level for this expiry. Due to low liquidity, advised to execute the transaction by placing a sell order @ 1.5.