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Rangebound

NIFTY DAILY - 19/3/2024Another choppy day, Nifty open lower and traded range bound thought the session. Nifty has formed green body small candle with upper and lower shadow. Nifty took support near 21900 for the fourth consecutive time. Further levels for nifty will be 22115 will work as resistance level and 22831 will work as support level. Today’s Advance Decline ratio of NIFTY50 Advance - 21 Decline - 29 FII Sell – 2051.09 crore DII Buy + 2260.88 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
Bank Nifty Analysis 17th Jan'24As mentioned previously avoid and beware of false break outs and traps same happend today in morning unable to break 48280 to 42300 false breakout and then back to days low at 48000 Stills looks buyer have controlled from falling below 48000. looks tomorrow may have gap opening in Bank nifty. See Bank nifty also making range between support & resistance keep eye on opening for tomorrow also expiry may turned out to be trend day. Support 48000 Resistance 48200 to 42300
NSE:BANKNIFTY
by Price_actiontaker14
Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally. However Can the momentum continue without a decrease in Open Interest? FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr Important levels which may act as Support and resistance for the day Imp levels on the upside: 19865 / 19890 / 19922 Imp levels on the downside 19705 / 19682 / 19640 The zone of 19640-19682 is going to be very important for the Oct series. Take care & safe trading...!!! Like and Follow
NSE:NIFTY
by indiamarketoutlook
Tata Chemicals rangebound Tata chemicals has formed a beautiful symmetrical triangle pattern and requires traders to trade the range, buying at the lower trend line and selling at the higher. It has also formed a golden cross- When 50EMA passes 200EMA from below showing bullish nature. A break of the lower trend line will see an end to the trade, making it a risky one.. Hence we should position size in a smart way. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. I would suggest to risk only half of what you normally risk on this trade since the risk to reward is very favourable with a small stop loss. Example- If you normally risk 1000 per trade, this time risk only 500 since the potential is the same reward with lesser risk making it a A+ set up. If a green candle or a bullish candle is formed at the trend line, we can add to more positions. Keep It Simple
NSE:TATACHEMLong
by Krish_Kohal
Nifty: At upper end of resistance band. Taking calculated shortNifty In my last update, it was suggested that on the down side 17860 is important level to watch out for and that Nifty has a high probability of testing 18030 odd levels in a day or 2. Next day, On a 15 minute candlestick pattern, Nifty made a closing low of 17861 and bounced back immediately and then made a closing high (15 min candle) of 18023 odd levels. Both levels worked very well. Today Nifty has opened gap up and is trading at the upper end of the yellow resistance band. Now is the testing time... If Nifty sustains above the yellow resistance zone then possibly Nifty might head further towards 18200 / 18400 odd levels. Unable to sustain would suggest less Buying interest above 18000 and that would give an upper hand to Bears to go short again. Remember this rally has been led by short covering by FIIs. There has to be follow up buying for the rally to be sustainable. As suggested in previous post, I was ready to see this level and on signs of rejection would be taking further action. - Nifty is trading below it's opening price - Nifty is trading below VWAP - Reliance and ICICI Bank on expected lines showing profit booking at resistance levels mentioned in their respective post. Given the cues, Now Adding to my short position (again it is hedged position). I would be closely watching Friday's close. I could be wrong and I am willing to take a calculated risk at current levels. 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
2
NiftyAnalysis: Weekly EVENT (Feb 1 Budget date ) So My Experience volatility will be there and Indian vix will increase upto budget date 1. Upper side is having resistance and bottom side having support . So wait for the range breakout or breakdown 2. As per the closing bases *Closing base 26 dec 2022 18105.30 *Closing base 02 jan 2022 17859.45 *Closing base 09 jan 2022 17956.60 *Closing base 16 jan 2022 18027.65 *Closing base 23 jan 2022 17891.95 ( So the close to close bases support level is round number 17800 Below this selling will start ) ( Buying will happened in 18250 to 18300) Note : This is just prediction and market it may happen any thing so follow the risk reward ratio.
NSE:NIFTY
by tarunkumar1996
Reliance: Support Resistance and trading strategyReliance The Chart set up The stock has been sideways for the last 8-9 months. The stock has fallen approximately 9% from the top in the month of December so far. Important levels on the downside which has the potential to provide support S1 - 2467-2485 S2 - 2405-2420 Important levels on the upside which has the potential to act as resistance R1 - 2565-2588 R2 - 2632-2680 _____________________________________________________________________________________________________ My Trading strategy Given the set up, my trading strategy for Reliance: Short Strangle strategy for January series Sell January 2023 expiry 2640 Call option & 2400 Put option Net incoming 52 points _____________________________________________________________________________________________________ Gain potential and understanding risk profile Max profit potential of Rs 13700 per strategy lot, if Jan expiry day close is anywhere between 2400-2640 ( roughly 12% ROI on margin requirement) Loss in strategy, if Reliance closing is above 2692 or below 2348 on 25th Jan 2023. _____________________________________________________________________________________________________ My Risk Management levels Review points for managing risk 2467 / 2420 on the downside 2580/ 2612 on the upside These review points are based on support and resistance levels identified in chart analysis and accordingly trading strategy has been curated which should give ample time and scope to adjust / exit in case view of rangebound movement is getting invalidated. Apart from these, I would be also monitoring Crude oil price movement. _____________________________________________________________________________________________________ Hope the analysis and explanation of trading strategy helps you plan and manage your trade. Do let me know if you find the analysis and insights helpful. To trade with me, Do Like and Follow for getting more trading ideas like these...!!! 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:RELIANCE
by indiamarketoutlook
3
EaseMyTrip Price Action AnalysisThere is a pennant (symmetrical triangle) pattern formation (blue triangle). By choosing baseline charting (instead of candlestick or range), you can visualize the swings. As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425). But see the black dotted line. That's a "prediction" heuristic (no guarantee, it's just a heuristic) where price-action can go. If it fails to break the upper trend line, then the range is: 400-375.
NSE:EASEMYTRIP
by pradipandsuvra
SBIN: Chart analysis, view and trading strategySBIN We are looking at weekly chart of SBIN stock Observations - SBIN is yet to give a weekly closing above the Sept 12 - Sept 19 weekly high - support at 554 / 545 / 530 zone Given the set up One can wait for SBIN to close and sustain above 579 on a weekly closing basis or for at least 3 days before taking for fresh long position Otherwise 530-540 zone could be a better place to enter Derivatives Strategy One may consider a Bear Call Spread strategy in SBIN for November series Sell 600 Call option Buy 630 Call option Net receivables 6 points Lot size 1500 Max Profit Potential of Rs 9000 per strategy lot till 24 Nov 2022 Profit potential of 12.5% approximately on Margin requirement Take care & safe trading...!!! Like, follow, share for more trading ideas like these 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:SBIN
by indiamarketoutlook
2
Ambuja Cement: Chart set up and trade potentialAmbuja Cement - After a big euphoric rally the stock seems to be consolidating now in the yellow channel box 21 day EMA is around 500 53 day EMA is around 464 and rising by around 1 point My trading strategy is for a range bound market scenario. Giving a profit potential of 11% till expiry as well as keeping loss limited For details Like and message me 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:AMBUJACEM
by indiamarketoutlook
Nifty: Chart set up for November series and trading strategyNifty - we see Nifty trading above 21 day EMA, 63 day EMA and well above 252 day EMA - Line of resistance around 18200 odd levels - Line of Support around 16800 - So is the 200 day EMA support around 16780 Right now we are in the middle of the range Trading strategy Given the set up one may consider a Short Strangle strategy for Nifty for November series Sell 18300 Call option currently around 93 Sell 16500 Put option currently around 79 Net receivables 172 points. Yield potential of approximately 9% on Margin deployed in strategy till 24 Nov 2022. Loss in strategy if Nifty closes above 18472 or below 16328 on 24 November. Review points for me, 18030 on the upside and 16800 on the lower side. This would give ample time to exit / adjust in case need be. You decide on your Risk Management part. Take care & safe trading...!!! Do Like and Follow for more such trading ideas! 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:NIFTY
by indiamarketoutlook
2