Infy - 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...
Nifty - 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...
Reasons to take a short trade 1. Rangebound price action. Failed at the upper boundary 15875. 2. Strong OI buildup near 15800 CE 3. Lower high, Lower low and lower closing. 4. Closing near low of the day. Entry : 15686 (15850/15950 CE Spread) Stop Loss : 15860-15875 Daily Close above Hourly close above 15900, new high Exit : Target Achieved 15500 70%...
Tata 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...
POSITIONAL CALL POSITIONAL CALL BUY NIFTY JUN 15700 PE @105 STOP @70
Reliance is forming shooting star after a great uptrend, this means that stock can take a uturn soon. Shorting opportunity for a target of 2100 in 20-25 days.
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...
View and strategy given 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...
Nifty 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...
Nifty Earlier we were expecting Nifty to do a sub 14000 level. In that post we had highlighted that Nifty has a chance of bouncing back towards 14655. Well the bounceback has been much more than that and today despite we seeing a big dip in Nifty, it is so far trading well above - 20 day EMA at 14648 & - 50 day EMA at 14622 currently Trading above the EMA...
You can see there is a huge gap between 14350 - 14600, . Market will fill the gap but when we don't know. . So for Tomorrow, we focus on simple Strategy. . Till 14460, we will buy PE on sell on rise. . If Nifty cross 14500 we can go for 14600 CE. . You can give your suggestions in comment box. . Learn More Earn More ✌️
Nifty Derivative data analysis for trade day April 9, 2021 Futures Data - Retail participants added 10.97K Index Futures Long Contracts & exited 434 Index Futures Short contracts - FIIs added 990 Index Futures Long Contracts and added 6.56 K Index Futures Short Contracts - Proprietary traders added 1.47K Index Futures Long contracts and added 5.98K Index...
Since Friday, the market has been trending downwards. Today, we seemed to have taken a pause and made an inside candle on the daily chart . Some key points from today's trade were, Bank Nifty closed below the key support of 35,000. There was large PUT open interest @ 35,000 which seemed to reduce drastically towards the end of the day. The market retraced upwards...
We can see Wipro made double top pattern on weekly as well daily. The second confirmation is the 50 Moving average breakdown on daily.
TCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on...
Reliance 1937 - We see the stock in consolidation mode since November 2020 - 2015-2045 is crucial zone for Reliance on the upper side - support near Blue line support zone (Currently near 1860) and 1800 odd levels Given the set up one may consider the following strategy Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35) & Sell...
Nifty CMP 14616 Last time we had suggested a bounce back towards the upper end of the channel - Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern) At current levels it provides good Risk::Reward ratio to go short....
Nifty Closing Price 14281 A few days back when Nifty was at 14528, this is the analysis we had done for Nifty... Nifty has given a 300 point drop from those levels... Looking at F&O data Retail participants have continued to be Net Call Buyers and Net Put sellers in Options FIIs are continuing to book profits in their Index Long positions but no aggressive...