Bank Nifty Simple Analysis!Todays trend day may continue by tomorrow if a gap up opening is seen and sustained above 48300 then bullish action can been seen
Support at 48000 to 48050
Resistance at 48250 to 48300
If gap down below support or trendline break may make sideways or range bound day. Also todays buyers will look to book profit.
Putoption
Trading further downtrend in TECH M through swing in PUT optionBasic Technical Analysis -
1. Scrip is in a downtrend, following a parallel channel on Daily TF.
2. Recently gave a breakdown from a long term (June'20) trendline.
3. Bounced back from higher TF (weekly) demand zone after breakdown.
4. Other marked DZ (green), SZ (red) levels are respected.
5. 2nd demand zone & approaching 200 EMA might now act as resistance in short term.
Trade a 75min supply zone b/w these two higher TF demand zones.
Options Trade -
1. ENTRY / TARGET as per spot chart - 1325 / 1275
2. SL using spot chart - 1350
3. RR - 1:2
4. Strike Price - TECHM 26 MAY 1260 PUT (little OTM having good OI)
Other considerations -
1. Select strike price & set SL according to option capital needs, your risk appetite & market sentiment at ENTRY.
2. Time based SL not needed as this trade has the possibility to get over in just few days. Still can keep 50-55% of ENTRY - SL (in spot chart) as your SL.
3. Tech Mahindra Q4FY22 earnings is on 12th May'22.
Short NiftyNifty has breached 16400 levels on 24 feb and closed below the level on daily chart. It was a critical support that has been breached.
It will re-test 16800 -16840 levels on Monday for another selling for Target 16200/16000.
If it breaches 16000 levels further selling would come till 15500 support level.
Buy Nifty PE for 10 march weekly expiry if it does not cross 16800-840 levels.
Don't short above 16800 levels. Apply Stoploss accordingly.
Bank Nifty - My trading SetupI always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says.
Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory.
But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower channel line is acting as a good support. I wait for the price to touch either the upper line or the lower line. I sell CE once it takes a U turn from upper line and similarly I sell PE once it deflects from lower channel line.
The center line acts as a neutral but important zone. A reversal from this line means CE selling and a strong crossing above it means PE selling.
Trades can be taken based on how the move behaves on a 15min time frame.
But this is not a HOLY GRAIL and is not that easy as it seems. Markets are supreme and need not follow what we think or have decided. Hence, always be alert and change/cut your position accordingly and do no hesitate from taking a loss.
Disclaimer: Do not simply dive into trading acc to what has been told above, do your own due diligence, put your own brain to it and then decide your levels/positions/setup. The idea behind sharing this was to impart knowledge/perspective to look at charts and not a recommendation.
Happy Trading!! :)
Nifty Trade Setup For Monday (24th July)So after touch the level of 15900, Nifty reverse from the level.
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Now Nifty is getting support from 15800, so for tomorrow there is two condition..
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1. If Nifty break the resistance of 15900, then we should buy CE for the level 159450.
2. If Nifty break the 15800 support them we should go for PE.
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In gap up opening we should avoid trading in the morning time.
In gap down Opening, we will wait for CE once it cross 15760 or 15800.
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What's your view on this comment below in the box.
Nifty: Game of Positions F&O Data analysis
Note this is not a recommendation for any trade. But just an analysis of Index F&O trade data for today.
Trading in Futures & Options involves real money and is very risky. It is like a 3 way fight between retail traders, FIIs and Proprietary traders.
In a war, it is important to understand your opposition's strength and weakness. In many war history, we can take lessons, that if you understand your opposition well, you can have a better chance of winning even if you are not as strong as them.
This is to help you understand how various market participants have positioned themselves for tomorrow.
Futures data
• Retail participants added Net 2.22 K Long contracts & squared off Net 1.39 K Short contracts
• FIIs squared off Net 19.37 K Long contracts & added Net 6.93 K Short contracts
• Pro traders added Net 17.79 K Long contracts & squared off Net 3.77 K Short Contracts
Call option
• Retail traders added Net 6.38 Lakh Call Longs & added Net 4.44 Lakh Call shorts
• FIIs added Net 14.49 K Call Longs & added Net 70.54 K Call short
• Pro traders added Net 61.48 K Call Longs & added Net 1.99 Lakh Call shorts
Put option
• Retail traders squared off Net 14.61 K Put Long & added Net 68.42 K Put shorts
• FIIs added Net 39.89 K Put Long & added Net 13.69 K Put shorts
• Pro traders added Net 61.98 K Put Long & squared off Net 359 Put Short contracts
Retail Participants added Index Futures Long and exited from Short positions and in Options are massively inclined towards Positive bias by being Net Call Buyers and Net Put sellers (bias is bullish)
FIIs on the other hand exited from Index Futures Long and added Index Futures Short positions and in Options are Net Call sellers and Net Put buyers
Pro traders have taken long position in Index Futures and exited from Short positions. However, in Options they have a net bearish position. They are major Net Call sellers and Net Put buyers
PCR is at 0.81
Today Nifty index has formed a doji candlestick. However it traded most part of the day around 15820 odd levels (3 hourly candles have a close at 15825, 15821, 15820) and then it fell back to close at 15752.
Prima facie looks like buyers of today are at risk.
In our last Game of Positions, we saw FIIs winning the battle by leaps and bounds. Let's see what we have in store tomorrow.
Important levels
on the lower side 15680 / 15628 / 15450
on the upper side 15820 / 15865 / 15915
Trust you find it useful.
Take care & safe trading...!!!
For trading ideas you can see the links below
Infy: Chart set up and trading strategy for July monthInfy
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the top end of the channel
- however if Infy is to follow the red dotted channel, then there is a scope for a price movement up to 1671 odd levels
Given the set up, F&O strategy that one may consider
selling Infy 1660 Call option around 12
The strategy has a max profit potential of Rs 7200/- per lot
More importantly from risk management point of view, it covers risk of rise in Infy price up to 1672 levels till 29 July 2021.
Take care & safe trading
Like & Follow for more such 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
#Banknifty Trade Setup For Tuesday (13th July)So as you seeb Banknifty touch the level of 35220 and then reverse.
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In the previous day you can see there is a strong resistance on the level of 35220.
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It touch multiple times, so for tomorrow there is two scenarios.
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1. If Banknifty break the level of 35220 then you should go for CE after the confirmation of 15 minute green candle.
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2.Maybe Banknifty is in rangebound between 35050-35200.
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If Banknifty break the support of 35000, then we can see the high pressure of selling you can go for PE.
#Nifty Trade Setup For Tuesday (13th July)So as you 15725 is a strong resistance level.
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Nifty once it touch and then goes reverse,
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So for tomorrow if Nifty break the resistance of 15725, then you should buy CE for the level of 15780.
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If Nifty goes down below 15620, then you should go for PE.
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No trading zone is 15630-15720.
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In gap or gap down cases, wait for the correction and then buy the trade.
#Nifty Trade Setup For Monday (12th July)So as you see in the chart there is no Trade Zone between 15640-15700.
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You can only buy the CE once it cross 15720,
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If Nifty goes below 15620, then you should buy the PE for the level 15550 levels.
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If gap up or gap down Opening happen then wait for the right time to enter.
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What's your view on this comment below in the box.
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Note: This is for an educational purpose as we can learn together and grow together.
#Nifty Trade Setup For Friday (9th July)So guys, Today Nifty break the strongest support level of 15799 that's why we see the big downside.
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As you see the Nifty made trend line.
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So for tomorrow If Nifty break the resistance of 15770, so we will buy CE for the level of 15840.
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If Nifty goes down side and break the 15680 then we see the level of 15620 and 15530.
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What's your view on this comment below in the box.
Reliance: Chart set up & trading strategy for July F&O expiryReliance
The stock recently made a high of 2261
On the lower side, 2067 / 2000 are important support levels
Given the set up
One may consider the following Short strangle strategy for July series
Sell 29 July expiry 2260 Call option around 35
Sell 29 July expiry 2000 Put option around 25
Max profit potential of Rs 15000 per strategy lot till expiry (approximately 14% ROI)
Loss in strategy only if Closing on 29 July is either above 2320 or below 1940
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
#Banknifty Trade Setup For Expiry (8th July)So, 35800 and 35500 are both crucial levels for Banknifty.
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If Banknifty cross the level of 35800, then the next level is 36000, at that time you can buy CE.
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If Banknifty break the support of 35500, then you can buy PE.
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If the breakout doesn't happen, then the Banknifty will be in range bound between 35500-35800
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What's your view on this comment below in the box.
Nifty: Chart set up & trading strategyNifty
Till the time Nifty is above 15760-15780 on a daily closing basis it might slowly look to crawl up
Trading Strategy
Sell Nifty 15 July expiry 15700 Put option currently around 120
The strategy provides an inbuilt risk cover for a fall in Nifty price up to 15580 till 15 July expiry.
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
#Nifty Trade Setup For Monday (7th June)So for tomorrow there is a simple Strategy.
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If Nifty cross 15680, we will buy 15700 CE for 40 points.
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If Nifty goes below 15620, then you should go for PE.
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If Nifty give gap down below 15620, then you should go for call option once it goes above 15620.
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If Nifty give Gapup Opening then buy on dip strategy will apply.
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Keep learning keep earning
#Banknifty Trade Setup For Monday (3rd May)If Banknifty goes down below 32330, then you should go for PE.
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If Banknifty goes above 33300, then you should go for CE.
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In Gap up opening we will wait for the Correction.
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And buy on dip.
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You can give your feedback in comment box.
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#Banknifty Trade Setup For Friday (30th April)Today Banknifty give the gap up opening and then correct and then range bound.
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So for simple Strategy that we follow.
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If Banknifty cross 34300 then we buy CE.
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If Banknifty goes down below 33390 then we buy PE.
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In Gap up or Gap down condition, we buy on dip and sell on high.
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You can give your suggestions in comment box.
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#Nifty Trade Setup For Friday (30th April)Nifty Give the huge Gap up opening and then corrected.
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Now Nifty is ranging at the level of 14894.
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If Nifty goes above 15050 then you should for for CE.
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If Nifty goes down below 14740, then you should go for PE.
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Otherwise avoid position, market can go in a range bound.
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If Nifty give Gap up or Gap down Opening wait for the right time.
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You can give your suggestions in comment box.
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#Nifty Trade Setup For Thursday (29th April)Nifty is just near to breakout once it break 14890 level
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You can go for 15000 CE.
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Tomorrow is monthly Expiry so maybe Nifty can reach the level of 15000.
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But still if Nifty goes down below 14700, then you can go for PE.
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You can give you suggestion in comment box.
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#Banknifty Trade Setup For WednesdayIf Banknifty goes above 32820, You can go for CE.
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If Banknifty goes below 31734, You can go for PE
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But according to me market can give a slightly negative opening,
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Wait for the breakout Either You are buying PE or CE.
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You can give your feedback in comment box.
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