Last week in the market, we were looking a possible breakout or breakdown situation on both Nifty and Bank Nifty. It turns out, it was a breakout towards 15,400 and 37,700.
Now it looks there is a possibility of a false breakout as well. If the market fails at one at one end of the range, it generally tests the other extreme side.
Here, we also have a head and...
Reliance can be a good positional buy
in range 1860-1780
also script is seeing range bound moves since days
a good buy here at low of range for swing based trade
disclaimer - personal view (can be wrong)
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 | Weekly expiry discussion | Short straddle / Iron Fly
Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously.
Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or...
Wipro is trading on a range between 453 on the upper side to 441 on the lower side. The chart used is 4 hours. I would look to trade on breakout on either of the bands. The number of candles in the rangebound area has crossed 25 numbers as of 20th November.
TATASTEEL is currently moving in a range, indicated by the trend lines. It is taking good support on the lower trend line.
The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom).
It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target...
Hello Traders
Adani ent chart structure looking strong
Testing upper levels again & again for breakout
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
This chart shows the AMBUJACEM - POWERFULL RANGE CONSOLIDATION between 219 - 255
You can look for buying opportunities above 219 .
Target can be set to 225 .
Stop Loss can be below 218 .
Beware : Please keep in mind and stay away from False Movements
Also this is not any recommendation. Trade at your own risk.
ITC is trading in a value area.
Strategy 1 (Risk Averse but High Margin needed) :Sell Aug 200 CE & Aug 190PE as NMRL - Enjoy the benefits of Theta - Buy back when ranged target gets reached.
Strategy 2 (Riskier) : Buy 195 CE and 195 PE - Sell when range hits on either side.
Nifty
Closing Price 10607
- important support at 10513 - 10485
- important level on the upside 10658 - 10686
With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.
Given the setup, on any dips in Nifty,
consider selling Nifty 09 July expiry 10450 Put option...
BANKNIFTY TRADE SETUP
-INDEX WILL OPEN NEGATIVE
-TWO CRUCIAL SUPPORT LEVELS FOR BANKNIFTY
-FIRST SUPPORT PLACED AT 21150
-SECOND SUPPORT PLACED AT 20870
-ON A 30-MIN TIME FRAME INDEX CREATED A RANGE
-RANGING FROM 21130-21750
-CRUCIAL SUPPORT PLACED AT 20870
-CRUCIAL RESISTANCE PLACED AT 21620-21750
-21620 NEEDS TO BE CONQUERED AGAIN TO TEST HIGH LEVELS
-21960...
