NIFTY 50 PREDICTION OF 17-09-2020TOMORROW, THERE IS MORE CHANCES TO OPEN MARKET IN HIGH GAP UP LIKE ABOVE 11651.
IF MARKET OPEN ABOVE 11650, CHECK MARKET TREND AND READY FOR SHORT SELLING AT MUCH HIGHEST POINT LIKE 11680 IN HALF SESSION.
TOMORROW, THERE IS CHANCES MARKET CLOSE IN LITTLE GREEN CANDLE.
1. MARKET CAN STABLE FOR TOMORROW.
2. RANGE 11650-11700 IF OPEN 11580-11600
3.RANGE 11650-11550 IF OPEN 11650-11675
KEY POINT FOR 17-09-2020
STRONG SUPPORT - 11525-11550 AND 11450-11500
STRONG RESISTANCE- 11700 AND 11750.
MARKET SENTIMENTS IN STRONG BUYING, SPECIALLY IN PHARMA AND BANKING SECTORS.
BUY TATA POWER IN AT 55-56 RE. FOR TARGET PRICE 80 RS. (30 DAYS)
BUY SBI IN 195-198 FOR 220-250 (15-30 DAYS)
BUY ITI IN 125-130 FOR 180 ( 60 DAYS)
Put
Nifty positional sell triggered at 9944.25Nifty positional sell triggered at 9944.25
Nifty positional sell triggered @ 9944.25. Trailing Sl is at 10291.10. As nifty moves to lower levels Sl must be revised.
Buy Nifty 9700PE @CMP for 2x Target & Sl of half the buy price.
Trading psychology & money management is the most important factor in wealth creation by trading.
Trade Log NIFTY April 28NSE:NIFTY is making overlapping moves. Idea is to stay patient and wait for breakout.
From current price action, NIFTY is all set to break out of 9400 tomorrow. I have sold calls, which will be in loss. But considering the market is consolidating, I am willing to take the risk of keeping those calls.
Trade Log NIFTY April 27NSE:NIFTY opened gap up today. But it could not keep above last high of 9340 for the day. So this is still consolidation range. Till it breaks out this range , it may be safe to hold these positions. Now, because of sold puts, I have high risk of gap down opening. But from price action for last few days, I'm carrying these positions.
As discussed in weekly view ,I'll look to exit these position when there is possibility of a trending move.
Trade Log NIFTY April 9Good Day Today for me. Mostly traded as per plan.
NIFTY is still in the large range of 8050 to 9150. But now, the breakout may have happened above 9050. Idea was to ride 8500 and 9200 OTM options. Then when NIFTY consolidated above 9000, I sold credit spread, which again turned out well as NIFTY expired above 9000.
Nifty Short Idea: Everything Explained in the chartthis is my view on nifty for next week.
below EMA 50 and the 8500 support that we have if it breaks 7100 is the target for me .
follow the chart for all the price action .
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Trade Log Nifty IntradayDOW is range bound but bullish. Asian Markets are mildly negative.
Mostly expectation is to have consolidation day.
Action : Wait to see how NIFTY is ranging in the first 30 minutes to 1 hr. SGX Nifty is mildly down.
When NIFTY broke above 8500 in first 30 Mins, then sold PUT @69 and then covered it before FM's conference.
Trade Log Nifty IntradayDate : March 25, 2020 8:00 AM
Monthly : Bearish.
Highly bearish candle. For any trend reversal or consolidation to happen, NIFTY should close above 8990 first and then 9500.
Weekly : Bearish.
Formation of 7th Lower Low is being formed in the current week. Weekly momentum has not shown any signs of slowing down. Any Higher high candle will be a first bounce and hence likely to fail. For consolidation, NIFTY must close above 8160.
Daily : Indecisive.
24th March candle is indecisive. There are indications that the momentum of the trend is slowing down.
Action : Since the market is extremely oversold. Look for the opportunities for buying.
Expecting the price will move to 25 Stock already in downtrend and the price will fall further to 25