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Nifty: With FED Meeting done & dusted what to expect from Nifty?18030-18065 would play a crucial role Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065 giving a Risk:: Reward ratio of 1::2 A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels. Sustaining 17960 and managing to give a Weekly close Above 18065 In that case Long can be initiated for target of 18400 in coming days with a SL at 17960 giving a Risk::Reward ratio of 1::3.3 Like and Follow Take care and safe trading..!!!
NSE:NIFTY
by indiamarketoutlook
Nifty: Wait for clarity to emerge before directional trade Nifty On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline. Now, we are looking at Daily candlestick chart pattern 1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083) 2. Given breakdown below the blue trend line and now retesting it 3. Resistance area blue line and 21 day EMA 4. 63 day EMA and yellow horizontal zone providing support for time being 5. No clear direction in Nifty as of now... _______________________________________________________________________________________ Trigger points that can give direction - Result season to begin soon - Budget expectations to be built in _______________________________________________________________________________________ We have a non directional trade still active which is in profits of roughly 76 points as of now. We continue to hold it and look to adjust in case we sense a direction emerging. _______________________________________________________________________________________ In case of a Breakout we are looking at 18720 odd levels as our target level in case of a breakdown we are looking at a possibility of roughly 17294 odd levels. _______________________________________________________________________________________ To trade with me, Do Like and Follow for getting more trading ideas like these...!!! PLs note: Logic behind using 21 day EMA and 63 day EMA instead of standard 20 day EMA and 50 day EMA - In a month we have 30 days. - barring Saturday / Sunday we have roughly 22 days - 1 holiday session factored in per month - That gives us 21 trading sessions in a month - Multiply by 3 months we get 63 days For me, this represents 1 month and 3 month average trade more precisely, than standard 20 day EMA and 50 day EMA. You are free to follow your own instincts and what works best for you...!!! Trust you find this useful. Take care & happy trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
NSE:NIFTY
by indiamarketoutlook
IOC: Chart set up suggests Buy on DipsIOC The stock is in strong territory and has support at 73.5 / 68 Target for the current set up 79 / 84 / 90 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
NSE:IOCLong
by indiamarketoutlook
Nifty: Is Nifty Feeling the October heat near resistance zone?Nifty - We are looking at daily candlestick chart Observations - On 16 Sept Nifty opened gap down between 17877 to 17796 - coincidently Nifty 76.4% retracement level is also around same level 17777 - for 4 consecutive days Nifty is struggling at 17800 levels - With 1 hour's trade to go today volume is on a lesser side Given the conditions, fresh longs in Nifty can be avoided. Have bought a few Put options for 24 November expiry. Review points for me - View gets invalidated if Nifty trades above 17880 Please follow your risk management measures Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
NSE:NIFTY
by indiamarketoutlook
1
Nifty: Chart set up for November series and trading strategyNifty - we see Nifty trading above 21 day EMA, 63 day EMA and well above 252 day EMA - Line of resistance around 18200 odd levels - Line of Support around 16800 - So is the 200 day EMA support around 16780 Right now we are in the middle of the range Trading strategy Given the set up one may consider a Short Strangle strategy for Nifty for November series Sell 18300 Call option currently around 93 Sell 16500 Put option currently around 79 Net receivables 172 points. Yield potential of approximately 9% on Margin deployed in strategy till 24 Nov 2022. Loss in strategy if Nifty closes above 18472 or below 16328 on 24 November. Review points for me, 18030 on the upside and 16800 on the lower side. This would give ample time to exit / adjust in case need be. You decide on your Risk Management part. Take care & safe trading...!!! Do Like and Follow for more such trading ideas! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
NSE:NIFTY
by indiamarketoutlook
2
Nifty May 06, 2021 Expiry strategyNifty CMP 14801 - Nifty has 20 day and 50 day EMA support around 14620-14650 - Resistance around recent high of 15044 Given the set up One may consider a Short strangle strategy for 06 May expiry Sell Nifty 14600 Put option around 100 15000 Call option around 82 Max profit potential in strategy Rs 13650 (approximately 8% on Margin requirement) Loss in strategy only if Nifty closes below 14418 or above 15182 on 06 May 2021 Take care & safe trading...!!! 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
NSE:NIFTY
by indiamarketoutlook