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Options Trading Using Wave Principle One of the Most Interesting facts of wave principle is it gives very clear message of how the trend will likely to take place way before the market actually reach that level , Wave Principle gives a very grate edge to Options traders , it gives an important futures of how to identify trending and range mode giving an edge to take Option trade they are 01) Function of Price : Here price movements are in the form of impulse in nature and they represents function of price with rapidness in change of rate of change 02) Function of time : Here price movements are in the form of corrective in nature and they represents function of time , which gives an edge that the time is more consumed than the price movement Options traders can benefit form Options selling by understanding both the circumstances When Function of price is active they can always look for Options selling which represents Fear , that means when trend is active they can trade the opposite direction options selling where the fear is equally weighted When Function of time is active they can always look for Options selling on both the directions Fear and Greed , because of time decay the Options sellers will be in Huge profits Regarding Nifty I am looking the move down will be in the passion of 3 wave theme in C wave due to its non impulsive in nature on smaller time frame one can identify 5 wave theme in Nifty its OK and correct method also , i am looking this will make an Expanding flat in nature due to its current structure position One can look for sell on rally with proper set up on daily or 2 hour time frame I am starting an Program called Ultimate signature where every kind of traders can take the benefit form it by joining and taking trades with me , it also includes training of the wave principle , you will learn how to identify the best setup and how to enter and exit with maximum benefits one can PM contact details we will reach you Good luck
NSE:NIFTY
by ShreeKrishna_F
2
[Options] Godfrey Philips Uptrend BreakShort 880 call options at 14 Buy 880 call options at 5 Payoff Graph: unofficed.com ==================================================================================== Analysis: Your first task is to get the trend. Using Bounce, Weekend - Any method is fine. Now the important question is - What is the trade here - The next step is analysing the monthly. We can clearly see the stock is moving up in rather Steps. Different people will have a different interpretation. Our job is to find a pattern and bank on it. ------------------------------------------- The first trade will be shorting it As the uptrend is now broken. Now I decided to target I to the level where the uptrend initially started. Now target 2 is where we can see from which it broke "BooB" alike pattern. We call it a cup and handle. It forms generally at the end of downtrend or uptrend. It is a small sideways consolidation where things try to break upside. Target 3 is the swing low. Do note - Each trade setup makes heavy money which is more than the salary of a normal person you will meet. So the analysis is worth some money and time. The loss will be nearly 42000 INR if it hits stop loss. Are you comfortable to lose 42K? I am. But I will suggest not! Hence, options
NSE:GODFRYPHLPShort
by Amit_Ghosh
3
Options Call Buy Reliance Ltd Strike 1900 @ Rs. 85 or belowNSE:RELIANCE Options Call Buy Reliance Ltd Strike 1900 @ Rs. 85 or below Entry 85 or below Target 125 SL 60 Stock is trading at CMP 1928. stock is responding from demand zone and expected to touch at supply zone at 2100 Buy Call Options Strike 1900, 25 Feb Expiry for Target of 125 hold for 2 trading days. close position by Friday EOD. Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
NSE:RELIANCELong
by praveen.gupta
Options Call Buy Reliance Ltd Strike 1900 @ Rs 75 or belowEntry 75 or below, Last Closing price 85.25 Target 125+ SL 60 NSE:RELIANCE Stock is trading at CMP 1923. stock is responding from demand zone and expected to touch at supply zone at 2100. So there is scope for call to appreciate. Buy Call Options Strike 1900, 25 Feb Expiry for Target of 125+ hold for 5 trading days. Last Closing price 85.25. Option price will fall on opening on monday due to decay in theta. Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
NSE:RELIANCELong
by praveen.gupta
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER +200/-200 ARE CONTRA ZONES/REVERSAL ZONES EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP MY VIEW ON LEVELS NIFTY BOUNCE EXPECTED 10490 10930 THAT IS STILL 1000 POINTS FROM CURRENT LEVELS STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS (ANOTHER REASON FOR MARKET REBOUND)
NSE:NIFTYLong
by manavtechresearch
13 Jul '23 Post Mortem on Nifty + Weekly expiry analysisNifty Weekly Analysis Between the last expiry & today, Nifty50 is actually down 40pts ~ 0.21%. That seems quite hard to believe especially when we had an ATH break today right? The fact is N50 broke out from the 19500 levels today & that would have created the perception that nifty had a gaining week. Also on 7th July we had a red day and almost touched the 19300 levels. So credit goes to N50 since it recovered all its losses & hit a new ATH of 19567 today! --- Nifty Daily Analysis We had 2 strong moves today A gap up open and then a race to take out the ATH, a total swing of 182pts ~ 0.94% A similar fall of 180pts ~ 0.92% to touch the prev. close value Both the directional move would have given ample opportunity for options traders to mint money today. Final close was 0.15% higher mainly supported by the NiftyIT index. The dramatic inverted U shape price action was due to RELIANCE which fell from 2799 to 2743. HDFCBK, KOTAKBK & SBIN also dragged the index. Trades Taken Other than the regular expiry trades, I reopened a bullish PE credit spread between 10 to 10.30 AM. 19500/19400 PE for 67.45/40.65. This was taken when Nifty was at the ATH and due to the reversal this position is currently in loss. Will take a decision tomorrow to hold on to bullish bias or exit at a loss.
NSE:NIFTYLong
by viswaram
15 Feb ’24 — Nifty within kissing distance of a Bullish breakoutNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “In the 63mts chart, see the encircled region — the strength of the green candles stands out prominently. This has given Nifty a total makeover, till yesterday we were neutral with a moderate bearish bias. Today we are still neutral but with a bullish bias — as the resistance of 21913 is much closer than the support of 21491.” 4mts chart Nifty has lived up to the expectation today, the momentum it gained yesterday post 14.07 was legitimate. Not only did Nifty hold its ground today but showed intent to take out the 21913 resistance. The open was right at that zone but we quickly lost a few points. The candle at 09.47 carried the hidden message that a breakout was in the cards. That single candle had a swing range of 73 points. Even though we did not do anything unusual till 13.31 - the options premium was going crazy. One mistake I made was to switch to the next-weekly instead of the current one as I felt a breakout would happen post 3 PM. The break came early at 13.35 and what it did was shoot up the CE premiums, nothing unusual in that. But the PEs were not dropping in value. So on one side, my short CEs were trading in deep RED whereas the short PEs were not going into green. Meanwhile, the breakout did not prove successful - but it definitely woke up the bulls. Almost all the top 8 components were reacting positively to this break. The final close was right near the 21913 SR zone. Over the last week, Nifty rose 166 points ~ 0.76% and if you notice the 63-minute time frame - it has formed a triple bottom-like formation on a descending trendline. Since Nifty already retraced back to the resistance level - we assume it is ready for the next leg of outperformance. The first thing it has to make sure tomorrow is to defend the 21913 levels - if it falls below that, the bullish breakout will not pick up pace. A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line. 63mts chart
NSE:NIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 19 APR 2023NSE:BANKNIFTY had a narrow range based trade today with a minor negative bias. Yesterday's swing low was breached by 13.40, but it does not pose a major scare yet! The pattern may look bearish on the 5mts TF, but it actually isnt. Banknifty is comparatively outperforming the Nifty50 and NiftyIT index for the last 3 days. NSE:BANKNIFTY did not have enough momentum to take out the swing high or breach the 42576 levels. This along with the weak sentiment in Nifty50 would have prompted the bulls to take a small break today. There was no violent price moves or support/resistance breaks - this again ensured that the option prices remain low on the penultimate day of weekly expiry. --- The unusual low options premium in bank nifty options are nudging traders like me to switch back to Nifty50 options. I am hoping that this decoupling of banknifty with nifty50 may not last long and the volatility will normalize in the days ahead. --- The 15mts chart has not turned bearish yet. What we see could just be a consolidation. If banknifty is planning to reverse direction at this level - the the first support of 41624 has to be taken out in the next 2 days. Only if the support is taken out quickly, the momentum will favor the dip. --- 1hr chart is still looking strong, the 2 prominent gap-ups standing out boldly. It might be interesting to watch out how the global markets react to the EURO, UK CPI data today. If there are more rate hikes in pipeline - then we may have a weak global sentiment again!
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 24 APR 2023By 09.15 around 90% of traders would have guessed how NSE:BANKNIFTY is going to trade today. Thats because NSE:ICICIBANK had an excellent quarterly results to boast for. The predictability of banknifty is, one leading bank is enough to pull up the sentiment of others. Same on the downside as well. Opening was gap up at 42469, and it took a while before it started climbing to the resistance zone. Till 12.40 there was no directional bias - banknifty was maintaining the opening gap and not yielding ground. There was no attempt to close the gap too, meanwhile NSE:NIFTY went to slightly negative zone. Just compare the price action of banknifty vs nifty50, banks did not show any weakness at all whereas nifty50 was unable to maintain the gap. --- From 12.40 banknifty took-off breaking the resistance of 42576 very easily, It just required a small upmove of 287pts to get rid of this important resistance. There was also a test of support at 14.35 to 15.05 - but the momentum was too strong and bank nifty held its ground. I am starting to wonder how are these banks able to provide this stellar results? How are Indian firms able to outperform the global peers so efficiently and effortlessly? Unbelievable. The global banking fear of Silvergate, SVB, Credit Suisse has not lifted a finger in India. Not even a glitch! --- 15mts TF get a new bullish tone after today's move and the resistance getting broker. This temporarily gives the bull the edge from the rangebound trade we had till 21st Apr. --- 1hr chart is scaling new heights, with the next resistance seen at 43012. You would have noticed banknifty usually uses gaps to move the distance from 2022 onwards. Only rarely we see banknifty making huge moves during the day. This has cooled off the options premium again, I shorted few PUT options today very well knowing that they are already near the fair value. I was not surprised to end the day in losses as there was no further decay left in the options I traded. Literally pointing that option-selling is getting very unattractive at low volatility levels.
NSE:BANKNIFTY
by viswaram
Banknifty/Nifty analysis for 10th Jan 2024 for educational purpBanknifty/Nifty analysis for 10th Jan 2024 for educational purpose only This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor. YOUR QUERY - Trading analysis for tomorrow Nifty price action analysis Nifty bank nifty analysis Nifty option chain analysis for tomorrow Monday bank nifty analysis Bank nifty daily analysis Nifty analysis for tomorrow Option trading daily analysis Bank nifty weekly analysis Bank nifty analysis for Monday Nifty prediction and bank nifty analysis Tomorrow market prediction Nifty open interest analysis tomorrow Nse option chain analysis Daily option chain analysis Nifty option chain analysis for tomorrow Option chain analysis Today option chain analysis Option chain analysis for tomorrow Nifty trader option chain analysis Today nifty option trading Nifty trader option chain analysis Today nifty opening prediction Nifty post market analysis Morning nifty prediction Bank nifty post market analysis @vijayanjum #nse #nsebse #Nifty #niftyfifty #bankniftytrading #nfitybank #niftypredictionfortomorrow #niftyoptions #NiftyBank #nifty50 #nifty500 #niftytomorrow #niftytoday #NiftyCE #bankniftyoptions #sensex #sensexindia #sensextoday #bankniftytips #bankniftyanalysis #bankniftytrading #bankniftyoptions #finnifty #bankniftystrategies #niftystrategies #bse#bseindia #bsesensex #nsenifty #nsebse #nseindia #STOCKMARKETEDUCATION #STOCKMARKETUPTODATE #STOCKMARKETTODAY #stockmarkets #tommorrowMarketPrediction #nfityoutlookfornextweek #bankniftyoutlookfornext week #bankniftyoutlookformonday #niftyforecast #bankniftyforecast #niftyshareprice #bankniftyshareprice #tommorrowniftyprediction #tommorrobankniftypredicton #niftytargettommrrow #bankniftytargettommrrow #bankniftylive #banknifty #bankniftyoptions #bankniftystrategies #bankniftyfuture #bankniftyoptionstrategy #bankniftycalls #bankniftyintraday #bankniftylivetrading #bankniftyweeklyexpiry #bankniftycrash #bankniftytomorrow #bankniftypredictions #bankniftychart #bankniftytips #bankniftypremium #bankniftyoptions #bankniftyfuture #bankniftytomorrowprediction #bankniftyoption #niftyweeklyexpiry #stockmarketinindia #derivatives #niftypredictions #niftytips #bank nifty analysis, #bank nifty prediction for tomorrow, #bank nifty analysis #bank nifty tomorrow, #nifty prediction for tomorrow, #nifty prediction, #nifty analysis, #banknifty tomorrow, #bank nifty tomorrow analysis, #nifty tomorrow, #bank nifty analysis for tomorrow, #nifty analysis for tomorrow, #stock market crash, #stock market latest news today, #bank nifty live, #live trading bank nifty, #nifty live trading, #live trading, #bank nifty live trading #OPTIONS #OPTION #optionbuying #optiontrader #optionselling #optiontrading #optionstrategey #optioncall #optionput #optionexpiry
NSE:BANKNIFTY
by vijayanjum
13th Dec ’23 - BankNifty does a W pattern on the ascending trendBankNifty Today’s Analysis The opening candle in Banknifty had a swing range of 189pts ~ 0.4%. That candle looked dangerous and I really thought we would have a deep RED day today. Quite interestingly, BN made a W pattern right at the top band of the ascending channel (see the 63mts chart link also). 4mts chart link - click here Once BN got caught in that channel envelope, it was blindly following that path. The final close is at -0.01% - it cannot get more flat than this. The W pattern may change the dynamics for tomorrow - usually, it favors the bulls. So we need to wait and watch for the first hour or so tomorrow and then decide. From an expiry trading perspective, the OTM options really did not have any premium to start with. The opening moves gave some rush and then the reversal by 12.31 also gave some boost to the strikes. 63mts chart link - click here BankNifty has entered the ascending channel and from a medium-term perspective, it all looks bullish to me. For tomorrow, I wish to start with the neutral stance and then change course as the price action develops. Falling below 46565 is bearish to me.
NSE:BANKNIFTY
by viswaram
YOUR NEXT MOVE?So well NIFTY is currently trading at 20068 points with -BIG Support levels at 1.19207.75 2.18832.75 -Resistance levels at 1.19877 2.19983 3.20228 The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983. Now looking at the RSI levels we can determine that the index has used up all its strength and energy at 82.07rsi levels which was the previous RSI resistance level. What we can conclude through this is that nifty wont be crossing nifty levels of 20228 and will start its downward journey because of lack of power it needs to be in a upward trend. Well Nifty could be seeing levels as low as 18832.75 to 19207.75. Well for my trade in options: -Expiry- 28 DEC -Strike price-19550 . -PUT SELL
NSE:NIFTY
by nimayprabhu
21 Sep ’23 Post Mortem on BankNifty - will 44429 get broken ?BankNifty Analysis One thing that really gave me confidence in the bearish move was the build up of momentum in banknifty. I did not get this feedback from Nifty, but Banknifty’s pulse gave me hope that further down moves are highly possible. Since I rely on options flow also to gauge the sentiment - the intensity of CE shorts were too good today especially in the last 1 hour of trade. Nifty had a flattish day after the 1st hourly candle - but take a look at banknifty. The 3rd candle onwards everything was in RED. 567pts out of 760 came in this period - and the rest points actually came in gap-down. When the market falls in normal trading hours - it gives a boost of confidence vs fall via gap-downs. That is because traders prefer to see the sentiment changing hands. For tomorrow I am continuing the bearish stance with the first target being 44429 and then 44236. If 44068 gets taken out in next 2 sessions - it is going to be a game changer
NSE:BANKNIFTYShort
by viswaram
2
PostMortem on BankNifty Today & Analysis of 12 JUN 2023Quite an unexpected performance by NiftyIT today up +1.51% which would have spoiled the party for the Nifty50 bears. Last week as it ended was looking pretty negative for Nifty and flattish for BankNifty. Banknifty had a steady day today, down only 0.1% but the prices were consistently falling giving the impression that selling is still not over. From a technical perspective, banknifty has broken no support nor was looking dangerous. It just looked like a day where banknifty did not want to rally! HDFCBK and ICICIBANK were struggling to keep Nifty50 flat whereas INFY & TCS were pulling it to the top. Even nifty50 did not do anything technically today, although the first candle looked dangerous and had given the impression we will have a lower low today. The option prices on Nifty50 was again more volatile than Banknifty, I am starting to think which one has a higher beta these days. From an option seller's perspective it makes no sense in trading banknifty at these premium levels. BN spot is at 44000 and 45000 CE has a premium of Rs12 with 3 days to expiry. Usually I see a price of Rs12 for a strike 1000pts away on wednesday close, imagine the same value on a monday close. Nifty50 options premium even though low is far better than banknifty - there is enough juice to be squeezed. --- 15mts TF is still range bound, but we have a peak formation inside this range. The prices have hit the lower & upper end of the range multiple times now. This could indicate a range expansion soon!  --- 1hr shows a double top like pattern formed at the all time high zone. The pull back we had from ATH could be entirely technical due to positioning. We will wait for the lower end of the range to break to conclude if a new downward trend is starting or not. to view the 4 charts in discussion today, visit viswaram. com
NSE:BANKNIFTY
by viswaram
Indexes analysis for 18th December 2023 for educational purposeIndexes analysis for 18th December 2023 for educational purpose This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor. YOUR QUERY - Trading analysis for tomorrow Nifty price action analysis Nifty bank nifty analysis Nifty option chain analysis for tomorrow Monday bank nifty analysis Bank nifty daily analysis Nifty analysis for tomorrow Option trading daily analysis Bank nifty weekly analysis Bank nifty analysis for Monday Nifty prediction and bank nifty analysis Tomorrow market prediction Nifty open interest analysis tomorrow Nse option chain analysis Daily option chain analysis Nifty option chain analysis for tomorrow Option chain analysis Today option chain analysis Option chain analysis for tomorrow Nifty trader option chain analysis Today nifty option trading Nifty trader option chain analysis Today nifty opening prediction Nifty post market analysis Morning nifty prediction Bank nifty post market analysis @vijayanjum #nse #nsebse #Nifty #niftyfifty #bankniftytrading #nfitybank #niftypredictionfortomorrow #niftyoptions #NiftyBank #nifty50 #nifty500 #niftytomorrow #niftytoday #NiftyCE #bankniftyoptions #sensex #sensexindia #sensextoday #bankniftytips #bankniftyanalysis #bankniftytrading #bankniftyoptions #finnifty #bankniftystrategies #niftystrategies #bse#bseindia #bsesensex #nsenifty #nsebse #nseindia #STOCKMARKETEDUCATION #STOCKMARKETUPTODATE #STOCKMARKETTODAY #stockmarkets #tommorrowMarketPrediction #nfityoutlookfornextweek #bankniftyoutlookfornext week #bankniftyoutlookformonday #niftyforecast #bankniftyforecast #niftyshareprice #bankniftyshareprice #tommorrowniftyprediction #tommorrobankniftypredicton #niftytargettommrrow #bankniftytargettommrrow #bankniftylive #banknifty #bankniftyoptions #bankniftystrategies #bankniftyfuture #bankniftyoptionstrategy #bankniftycalls #bankniftyintraday #bankniftylivetrading #bankniftyweeklyexpiry #bankniftycrash #bankniftytomorrow #bankniftypredictions #bankniftychart #bankniftytips #bankniftypremium #bankniftyoptions #bankniftyfuture #bankniftytomorrowprediction #bankniftyoption #niftyweeklyexpiry #stockmarketinindia #derivatives #niftypredictions #niftytips #bank nifty analysis, #bank nifty prediction for tomorrow, #bank nifty analysis #bank nifty tomorrow, #nifty prediction for tomorrow, #nifty prediction, #nifty analysis, #banknifty tomorrow, #bank nifty tomorrow analysis, #nifty tomorrow, #bank nifty analysis for tomorrow, #nifty analysis for tomorrow, #stock market crash, #stock market latest news today, #bank nifty live, #live trading bank nifty, #nifty live trading, #live trading, #bank nifty live trading #OPTIONS #OPTION #optionbuying #optiontrader #optionselling #optiontrading #optionstrategey #optioncall #optionput #optionexpiry
NSE:BANKNIFTY
by vijayanjum
PostMortem on BankNifty Today & Analysis of 10 APR 2023I am making some changes in the chart layout from today's report. It will be in white background going forward. This is after the feedback I got from the kindle publishing team that images with dark layout will look awkward when made into paperback. note: I will still continue to use the dark-mode chart for my trading purpose, only for the reports I will be using the white-mode NSE:BANKNIFTY opened today at 41116, it might look as a gap-up open but when the price action is considered it looks perfectly in line. The entire market was quite subdued today, the option premium at the lowest when we compare an average Monday. The good-friday holiday might have played its part, but I still think the premiums were restrictive for any option sellers to have made money today. I waited till 10.45 to find any mis-priced option, the moment I saw the premiums were all dead - I called it a day. I was just waiting on the sidelines just waiting for something to happen. From 10.10 to 11.35 NSE:BANKNIFTY tested its first support at 40880 but did not break it. The rejection came at 11.40 when a short surge helped it gain 192pts. The real move came from 12.45 to 14.15, in fact the 5mt candle at 14.15 had a bid dip. In spite of this the options premium hardly felt any threat. I am referring to OTM premiums which captures the threat more evidently. Now we have the 40880 support broken decently as the close was below that level. The next support 40704 did not break today, below which the bears would have exerted some additional pressure. --- 15mts TF does not look bearish yet, NSE:BANKNIFTY might be taking a small break before the bullish continuation.  It could also mean a short term top if the further trades are held below the current levels. Ideally this should be the case wherein the bears get some control on the market & drive up the premiums. --- 1hr was in a perfect downward trend till the moves from 27 March 2023 to 06 April 2023 ruined it. As it stands we have just entered back the top level of the descending channel. Further trades below this channel will give the bears lot of confidence to push down the bank-nifty prices & drive up the options premium. The implied volatility which is staying so low is causing all the trouble for the option sellers.
NSE:BANKNIFTY
by viswaram
Nifty Spot Chart Levels for Tomorrow 14 Feb., 2024 for Options.🔹 Nifty Intraday Spot Chart Levels: for 14 Feb., 2024 💹 Day Range: 223.45 Points 📈 Buy: 21681, Avg. Pos.: 21655 🎯 Target 1: 21881, Target 2: 21967 🛑 Buyer SL: 21619 This analysis suggests that for buying, traders should enter at 21681 with an average position at 21655. The targets are set at 21881 and 21967, with a stop loss at 21619. For selling, the entry point is 21629, with targets at 21605 and 21520, and a stop loss at 21691.📉 Sell: 21629 🎯 Target 1: 21605, Target 2: 21520 🛑 Seller SL: 21691 #Nifty #Nifty50 #NiftyOptions #NiftyTrading #NiftyAnalysis #Intraday #IntradayTrading #IntradayTips #OptionsTrading #OptionStrategy #TradeLevels #TradingLevels #TechnicalAnalysis #StockMarket #MarketAnalysis
NSE:NIFTY
by NumroTrader
Bank Nifty Weekly Chart Analysis for Options for 29 Jan - 2 Feb Bank Nifty Spot Chart Levels Weekly Range: Weekly Range: 2151.3 Points Buy Side Analysis: Buy Entry: 45758.5 Average Position: 45504.65 Target 1: 46195.65 Target 2: 47017.45 Buyer Stoploss: 45041.4 Sell Side Analysis: Sell Entry: 45250.8 Target 1: 43536.65 Target 2: 42714.85 Seller Stoploss: 45967.9 Overall Analysis: The analysis suggests a bullish outlook with a buy entry at 45758.5 and targets at 46195.65 and 47017.45. The average position at 45504.65 might indicate a strategic approach to capturing potential gains. On the sell side, the entry is at 45250.8 with targets at 43536.65 and 42714.85, indicating a bearish outlook. Stop-loss levels for both buy and sell positions are provided to manage potential losses. Considerations: It's crucial to assess the market conditions and confirm the signals with additional technical and fundamental analysis. Traders should be aware of the risks associated with each position and adjust their positions accordingly. This analysis is based solely on the levels and targets provided. Market conditions can change rapidly, so it's essential to stay updated and adapt the strategy accordingly. Always consider risk management and consult with financial professionals before making trading decisions. #BankNiftyOptions #OptionsTrading #DerivativesMarket #BankNiftyAnalysis #OptionStrategies
NSE:BANKNIFTY
by NumroTrader
19th Dec ’23 - BankNifty and NiftyIT collusion to get N50 to ATHBankNifty Analysis Going neutral on BankNifty worked out pretty well today. But things were not looking in favor till we got the reversal at 10.03. Till then BN was following the falling price action from yesterday. I was kind of worried that we may even re-renter the ascending channel today. 4mts chart link - click here How and why we got the reversal - No clue. But BN climbed an impressive 369pts ~ 0.78pts to 48010 levels before giving up gains to close flat. The final close is 0.01% - how much more neutral can we be?? 4mts chart link - click here The ATH on Nifty50 looks like was planted. NiftyIT was falling pretty strongly and it was looking like a one-way trip down. NiftyIT recovered an impressive 423pts ~ 1.21% to help N50 take out the ATHs. So the Sync between NiftyIT, Reliance, and BankNifty was perfectly aligned to get the job done. And after that - things went back to normal. NiftyIt gave up 239pts and BN also dropped 227pts. 63mts chart link - click here The neutral zone is highlighted by 2 horizontal blue lines. Since tomorrow is BankNifty expiry - I am really looking forward to seeing a directional attempt. I wish to stay neutral till then. BankNifty options premiums were looking pretty good today and were unlike the usual Tuesdays we see. VIX near the 14 range is really helping the option sellers.
NSE:BANKNIFTY
by viswaram
1