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Rangebound

NZDJPY -RANGE BOUNDDescription: The counter NZDJPY is in the parallel channel from 08th March. The price is moving between the price range of 78.06 and 77.14. The flat-top resistance and the support baseline have been tested twice. Identifying the trend of the counter is very difficult when it is in the parallel channel. Swing trading is more preferable for this counter. Stop loss is mandatory while executing swing trading. The levels of the stochastic indicator will be very useful for swing trading. The major levels for this counter are R2 –78.35 R1 –77.99 PP –77.69 S1 –77.33 S2 –77.04
by WohlstandMarketsLimited
BANKNIFTY ANALYSIS 18/2/2021Last 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 shoulders pattern. The call writing in today's expiry for BNF 37,000CE was 106K. DIIs have also been net sellers for a while now. For the coming week, it will be interesting to see how the market reacts at this level. If the breakdown occurs below 36,400, there could be some selling pressure to re-test 36,000. If the market does move higher again, there is strong resistance at 37,000. I do not have a bias on the possibilities, because the market is too overstretched with heavy liquidity.
NSE:BANKNIFTY
by ArcherDAVIS
Reliance: Chart set up and trading strategyReliance 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 Reliance 2200 February 25, 2021 expiry 2200 Call Option ( around 35) Net Premium receivable 70 points Max profit potential Rs 17500/- per strategy lot till 25 February expiry giving a yield potential of 18% ROI (on Margin required) Loss in strategy if closes above 2270 or below 1680 on 25 Feb 2021 Review points, In case if, Reliance closes above 2045, or below 1830 for 3 consecutive days. Hit the Like button if you find it useful Follow for more such ideas Look for my previous ideas in Reliance in the Related ideas link below 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:RELIANCE
by indiamarketoutlook
NIFTY | Weekly expiry discussion | Short straddle / Iron FlyNIFTY | 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 with minimum profit. CMP : 13520 Sell 13500 CE @ 82 Sell 13500 PE @ 59 Buy 13700 CE @ 9 Buy 13300 PE @ 15 Max Profit : 8558 Max Loss : 6368 Margin required : 60000/- Just one day trade.
NSE:NIFTYLong
by srikartiram
TATASTEEL | Range Bound | Price ActionTATASTEEL 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 around 610. Breakdown on the lower side seems limited, however if the stock breaks the lower trendline, it could give target of 520 and 510.
NSE:TATASTEEL
by Firestorm_11_
Nifty: Chart setup & strategy for 09 July expiry weekNifty 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 around (73-82 range would be considered by me as ideal sell range) Take care & safe trading...!!! Further updates during Market hours.... So keep watching Discliamer: - The view expressed here is my personal view - 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 - 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
1
BANKNIFTY TRADE SETUP 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 WILL ALSO ACT AS AN CRUCIAL RESISTANCE LEVEL -"BUY ON DIPS" IS EXPECTED -PLEASE NOTE I BELIEVE BANKNIFTY WILL BE SUPPORTED BY ICICI BANK AND HDFC BANK TODAY BANKNIFTY RESISTANCE FOR THE DAY 21630-21960-22070 BANKNIFTY SUPPORT FOR THE DAY 21130-21050-20870 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!! READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX
NSE:BANKNIFTY
by manavtechresearch
NIFTY TRADE STEUP -SGX NIFTY IS SHOWING A NEGATIVE START OF AROUND 80 POINTS -NOW 10200 BECOMES A CRUCIAL SUPPORT -INDEX HAS STARTED TO TRADE IN A RANGE OF 10210-10350 RANGE -RANGE WAS BROKEN IN INTRADAY ON THE UPSIDE -VISIBLE IN A 30-MIN CHART -"BUY ON DIPS" MARKET FOR ME WILL BE COLLECTIING LONGS IN MY JULY OPTIONS -"MY STOPLOSS IS BELOW "10030" -INDEX CAN GO SIDE WAYS OR BREAK THE RANGEBOUND MOVEMENT AND MOVE HIGHER -TODAY WE HAVE A POSSIBILITY TO TEST THE LOWER BOUND OF THE TRADING RANGE -A BREAK ABOVE 10388 WILL ALLOW US TO SEE 10440-10514 -PLEASE NOTE THAT THE TOP 10 WEIGHTED STOCKS IN NIFTY ARE SETTING UP ON THE LONG SIDE -I FIRMLY BELIEVE THAT AFTER THE MORNING SLIDE WE WOULD SEE SOME STABLALIZATION IN THE MARKET NIFTY RESISTANCE FOR THE DAY 10275-10350-10390 NIFTY SUPPORT FOR THE DAY 10225-10160-10070 !!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!! !!TRADE ACCORDING TO YOUR RISK PROFILE!! !!SUGGEST OPTION TRADES TO NAVIGATE VOLATILITY!! !!HAPPY TRADING!! YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES READ OLD POST ON INDEX AND SEE HOW WE ARE POSITIONED IN THE INDEX YELLOW LEVELS ARE CRUCIAL SUPPORT ZONES
NSE:NIFTY
by manavtechresearch