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Nifty: Are you surprised with gap down. TA warned in advance...Nifty - we had already marked the red zone as resistance zone Today we see a big gap down exactly after Nifty got rejected around 17320 odd levels. Are you surprised or were you prepared? Going forward - we are looking at 15 minute candlestick chart pattern - we observe that the zone of 17026-17060 is very crucial for Nifty - between September 28, 2022 and October 3, 2022, the zone acted as a strong resistance 3 times - it was conquered with a big gap up thereafter - Now it is revisiting the area.... Is it just a retest or will Nifty fall further....? We are not worried what it will do. Our Short Strangle strategy suggested here at tradingview on September 28 which gave Net receivables of 181 points on that day is currently valued at 65, giving us a profit of 115 points per strategy lot so far and we are in control of the situation. 🙂 Take care & Happy trading...!!!
NSE:NIFTY
by indiamarketoutlook
Asian Paints: Chart set up and trading strategyAsian Paints - After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far - The tepid recovery is also due to rise in crude oil prices during the same time. - Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series) Keep a close watch if Asian Paints closes above 21 day EMA ( currently around 3386) and or crude prices cools off drastically 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:ASIANPAINTShort
by indiamarketoutlook
ITC: Will Resistance zone act as Support?Last time in November when the stock was around 222, this is what was shared The Line of Support provided perfect entry opportunity to buy. Now we have seen the stock moving past the Line of resistance. Will it now act as Support? Only time will tell... Above 285, doors open up for a potential movement towards 305/ 320 odd levels in short term F&O Trading Strategy One may consider to sell ITC 30 June expiry 260 Put option. Yield potential of 9-10% on Margin requirement 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:ITCLong
by indiamarketoutlook
Tata Motors: Chart set up & trading strategyTata Motors - Major Resistance around 500 zone - Major Line of Support at 376 - Minor Resistance around 462 odd levels - Minor Support around 418 odd levels ________________________________________________________________________________________________________________ Given the set up, my trading strategy: Short Strangle for April series Sell 28 April 2022 510 Call Option & 380 Put option Various situations have been taken care of... Strategy has a 9% ROI potential on margin requirement, giving a decent return potential as well as covers risk for a rise up to 518.65 odd levels on the upside and 371.35 odd levels on the downside. For more trading ideas like these Like & Follow 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:TATAMOTORS
by indiamarketoutlook
NIFTY IN LOVE TRIANGLENifty is in Love Triangle. As every Love Triangle is painful, the same you might have felt on Friday. (Premium Killer moves on both sides). It has to break on the upside (Break-Up) or Down side (Break-Down). But as the Triangle breaks, any one becomes happy and one gets pain. Here my bias is for the bear side. It is the Bear who will enjoy the BreakDown. Call buyers will cry. Monday will be the Put Buyers day. You will get to see a lot of Red color. Bloodbath. I am on Bears side. You choose yours..
NSE:NIFTY1!Short
by nikinkansawala
Nifty: The 2-3-5 Rule works it's magicNifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th attempt at the support line, we went with the rule and were aggressive on the shorts. Note Technical Analysis is one thing and trading is another. Although I was aggressive on the shorts, in the trade we had, there was still margin for being wrong We had 18400 Call short position at 120 which was squared off earlier around 27 and shifted our call short position to 18200 Call short around 70 Along with that we had bought 17900 Put Long at 150 (this cost was taken care of and covered with the premium we had received on overall Call Short position. We had received 163 points from the Call Short position. So even if Nifty expiry would have happened at 18200 we would have still made 13 points on the overall Nifty trade ) Partial profit booking for 17900 Put was done on Friday around 254 and today we have booked full profits at 336. CMP for the 17900 Put is 380. I could have waited and earned more but that's fine with me. I had an initial target of 330 when I entered the trade at 150 and I am more than happy to get what I have got. 18200 Call option Short sold at 70 CMP 4. Overall a good day to begin the week with.... Enjoy & Happy trading....!!! 🙂 Trust you have found the analysis helpful. Trade responsibly 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
5
Nifty Caution: Danger ahead - Nifty could be attempting the Line of Support for the 5th time - the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time. - Would it break??? Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline) This is not an intraday view but more of a directional view in due course. Note our positions in Nifty has been taken earlier. You can go through my previous Nifty views to understand that part. Also, this is all about probability and not a necessity it would happen. So do follow your risk management measures. Trade accordingly. It's your money. Take decisions responsibly. 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:NIFTYShort
by indiamarketoutlook
Tata Power: At crucial resistance levels The stock is at crucial resistance levels Given the set up one may consider to sell 25 Nov expiry 260 Call option currently around 7 Strategy has max profit potential of Rs 47250- per lot and has in built loss protection for a rise up to 267 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:TATAPOWER
by indiamarketoutlook
6
Infy: Chart set up and trading strategyInfy Observations - multiple resistance seen between 1745-1820 - line of resistance level around 25 Nov is around 1855 - support around 1667 - major support around 1600-1592 levels For any cash buying decisions, that's the zone where risk::reward ratio looks most favorable _______________________________________________________________________________________________________________ Given the set up F&O strategy that may be considered - Sell 1840 Call option Yield potential 9-10% on margin requirement Risk of stock reaching 1855 by Nov expiry is factored in the strategy. 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:INFY
by indiamarketoutlook
Aurobindo Pharma: Dragonfly doji and Gravestone doji around 712 This is a follow up. In our earlier post we had suggested the need of holding 738-712 odd levels. Now on weekly charts we see dragonfly doji and then later gravestone doji both forming around 712 odd levels The set up has a target of 758 / 805 / 820 odd levels Keep a SL at 708 __________________________________________________________________________________________________________ F&O Strategy that may be considered Synthetic Long Position Buy Aurobindo 700 Call option cmp around 45 Sell Aurobindo 800 Call Option cmp around 7 Breakeven at 738 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 Take care & safe trading
NSE:AUROPHARMALong
by indiamarketoutlook
LIC HSG FIN: Chart set up & trading strategyLIC HSG FIN Observations - stock is at important resistance zone if this zone is taken out next resistance level is around 476-484 levels - the red line of resistance and grey horizontal resistance line coincides around 484 on 28 October - on the down side green line support on 28 October comes at 410 odd levels Given the important levels Strategy that may be considered Short strangle Sell 480 Call option currently around 9.2 & Sell 410 Call option currently around 4.8 Max profit potential Rs 28000 per lot (yield potential of approximately 11.5% on margin requirement till Oct expiry) Strategy has inbuilt loss protection for a rise up to 494 on the upside and 396 on the downside. Take care & safe trading...!!! Like & Follow for more such trading ideas 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:LICHSGFIN
by indiamarketoutlook
3
Infy: Chart set up and trading strategyInfy - Come October we have the result season in front of us Looking at the chart set up now: - The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone - on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone Given the set up, Strategy that may be considered Short Strangle Sell 1820 Call option currently around 26 Sell 1580 Put option currently around 26 Max profit potential Rs 31200/- per strategy lot (Yield potential 17% approximately till 28 October 2021) Inbuilt loss protection for a - rise up to 1872 on the upside & - fall in price up to 1528 on the lower side 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:INFY
by indiamarketoutlook
Nifty: Gravestone doji observed after Bad Bank good NEWSNifty - Yesterday there was Press Conference where our Finance Minister came up with the idea of forming of a Bad Bank and buying Rs 2 lakh Cr NPA of PSU banks for Rs 30,000 Cr . - this would clear up all the NPA of PSU Banks and going forward would help in showcasing better ROI . This possible expectation of good news is possibly one of the reasons why we have seen our markets doing well in recent days. - However today on hourly charts we observe gravestone doji pattern - this is a bearish candlestick pattern Is the good NEWS being factored in? I have highlighted this view in the previous update in the comment section Time for you to decide. Do note: last time, in our Nifty update our SL got triggered at 17450 So due your own research and due diligence. 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:NIFTYShort
by indiamarketoutlook
2
Tata Steel: Chart analysis and trading strategyTata Steel Given the set up Suggested Strategy: Bear Call spread Sell 1160 Call option around 20 Buy 1210 Call option around 10 Yield potential till 24 June expiry: 12.4% (approximately) The strategy covers risk for rise in price of Tata Steel up to 1170 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:TATASTEEL
by indiamarketoutlook
ICICI Bank: Chart set up and Trading strategy...!!!ICICI BANK Chart view and strategy suggested in chart 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:ICICIBANK
by indiamarketoutlook