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NIFTY - Russia Ukraine Index CrashRussia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when index consolidated for more than 60 days. Range starting from 15500-16000 last time was area of major action when lot of tussle happened between bulls and bears and finally breakout happened for further fresh rally. If price continue to fall we can except some kind of support along trendline highlighted on chart.
NSE:NIFTY
by MrGaggi
In the next few days, That one guy will manage your portfolio.A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. The nifty is nearly 5% down. While looking at the portfolio, it hurt, but it ended this week and this month on a high. Today's profit was nearly 1%, and this week's ending at nearly 1.5%. I am carrying over my position from Friday. I already booked profit on those positions, and on Tuesday I have 17550CE and 15850PE. But my PE fully melted on Wednesday. I was concerned about my CE 17550 because of the gap up opening and initial 5 minute candle movement. I closed all my positions and booked some losses in CE 17550 at that time. i did not enter in to new position because i was sitting on nearly 0.8% profit Then the Vix fell, the premium melted too fast, and it was a consolidation day. My plan was to take another 0.8+ profit the next day. So I did not enter into any position. Luckily, the trading plan saved me otherwise, I might have ended with a huge loss today. At the initial time, there was a huge premium spike. I entered in at 16000 PE and 16900 CE. It gave a good profit for the day. I left before 2PM. In the coming days, I am looking at the downside of 16170–15950, which is above 16700. Let's see how it's going to end. I hope everyone had a good day.
NSE:NIFTY
by Manuadarsh
weekend with green.The second expiry of the month ended on a positive note. The day started with a gap up opening but went down and took support and bounced back at the 17400-20 range. It was good support along with the 17400 range imp and there is a trend line as well. It bounced back with strength, along with the candle. It broke the day high and took resistance at 17600, a consolidation between 17500 and 17600. It tried to break 17600 but couldn't sustain it. Let's see if Nifty will continue its strength or be volatile. coming to my option selling, gap up opening. I was a bit worried about my 17700CE but not that much premium spike. My PE side almost melted. I booked profit and waited till 10AM when suddenly the bounce back came. I entered it at 17200PE. At one point, I was concerned about my CE side. 17600 was tested multiple times. At one point, it was b.k. at 17600 and I booked profit on the CE side because my plan was to exit if 17610 was b.k position give good profit of nearly 0.8%. I did not enter into any other aggressive trades and ended this week above 1%.
NSE:NIFTY
by Manuadarsh
Budget week, NIFTY weekly expiry Feb. 3,Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the gap up helped to stay above. If there is any gap open for tomorrow, 17700 and 18000 are the first levels to watch. On the downside, 17400 will act as a support, and if there is a sharp move, we can roll up to 17600. There is also an observation. in nifty are multiple resistance zones there, but the bank nifty is now at a good level at 38800. It was tested multiple times. If any violation above occurs, we might see a break from the rage. That will also help nifty as well. Let's see how it is going to perform NIFTY after this budget announcement. Coming to my position, I entered on Monday evening, Put side 16150 good premium. I'm not confident about selling CE because I was expecting a rally after crossing 17400, so I keep holding on to my PE side. Today, after the gap up opening, PE showed some good profit, and at about 10AM, I sold 18550CE. This position was already near 1%, and the vix crash helped. My plan is to squeeze everything from the position. I will only adjust my position on Thursday. I think it's a super safe position now.
NSE:NIFTY
by Manuadarsh
Bank Nifty 17-01-2022According to the chart analysis, Bank Nifty is quite bearish. As you can see in the chart there is a head and shoulder pattern, although it is not an ideal one, it can show its significance once it breaks the respective trend line. If Bank Nifty opens in a Bullish way then you can expect a decent volatile session as the India Vix is only 1.5% up. This market is the exactly the type of market where the sellers can eat the premium and take advantage of the decay by selling an out-of-the-money option. . . . . . . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
NSE:BANKNIFTY1!Short
by vashishthviraaj
Day Open with a gap up. calm expiry.!It was expected that the Nifty would end this week with crazy movement because of the global clues and the market data, But a gap up, opening and consolidating. It actually respects the 200 to 250 range well. But what's more interesting is that tomorrow we might see some moves. Look at the D candle doji, or hanging man. The important level to watch out for next week is the upper side of 18350, which is B.K. We can expect Nifty to test its all-time high again, down side 18130. As for my option selling, I started selling 18350CE and 18050PE. Nifty went in to consolidation i adjust my position to 18300CE and 18100PE easy week ending with profit. Let's see where the next expiry is.
NSE:NIFTY
by Manuadarsh
Above 18000! Will it sustain or not?We are up to the 2nd week of expiry and the nifty is above 18000. On Monday, Nifty opened with a gap up and gave a good up move and closed just above 18,000. Today it sustained the 18000 consolidation between 100 points. It's encouraging to see that more bull runs or breaks below 18,000 are on the way. Because we know there is a lot of data on the way, we can expect a move accordingly. I do think overnight aggressive positioning is a good idea. We have an important line to watch above 18200. Well, below 17900, I kept a close look at the lines and today 18020 was respected. Let's see where it opens tomorrow. When it comes to my weekly option selling, I have 17600 PE and 18350 PE. I entered an intraday short straddle on Monday now that it is bright and sunny. I already have my overall P & L in nearly 1% red this month, so I'm not confident about carrying it till Thursday. I hope to exit at 0.5%+Tomorrow, planning to take a fresh entry on Thursday to end up flat this week. I am excited to see where Nifty opens on Thursday.
NSE:NIFTY
by Manuadarsh
For Banknifty, Where is resistance?A five-wave decline in the BANK NIFTY, from 41830(Oct.) to 34019(Dec.) is complete. The 34019 low is wave A (red) of a larger five-wave decline. The 2h range chart shows that wave B (red) took the form of a double zigzag pattern, carrying to meet the top (A=0.618 B) 38660. The previous 37385 resistance zone can again react as resistance. Currently, everything are positive on the day before and the day after, but wave ((5)) (circle) of C(green) of B(red) can be labeled. As those familiar with the Wave Counting model know, the B(corrective) wave in a downtrend is a counter-trend price move. In other words, it's up. When wave B(red) is complete, wave C(red) down follows.
NSE:BANKNIFTYShort
by Trade-Technique
9
The calendar year comes to an end with calm expiry. NIFTY50It is a consolidation expiry. As we discussed, Nifty is in between the ranges. 17200 to 17300, still acting as a resistance. Let's see if there is any upward movement from the channel. My option selling: hey, it's a consolidation option, so sellers make money. The day started with 17050 PE and 17300 CE. I booked 17500CE and 17800 PE with profit. Finally, I sold even 17150 put as well, ending with a good profit. I hope everyone ends this year on a high. My focus for the coming week is on the upper side of 17300 and the lower side of 17000–16900. New Year's greeting
NSE:NIFTY
by Manuadarsh
Be cautious as year-end,month-expiry&weekly expiry are coming..I hope the year ends on a high. We saw a lot of volatile expiries at NIFTY50. But this is going to be the last one of the year and the month we can expect volatility again. Looking at the chart, we can see that the all-time high for the Nifty50 was set on October 19th, and a clear downward trend was created when the price touched the trend line. There was clear rejection, and the price came down, creating a channel. Now the price is nearing the trend line. Let's see if it going to reject or if trends reverse from here. The Nifty50 is trading at 17230. 17200 and 17300 are expected to act as resistance. In terms of price action, this is also an important level; if it is broken with strength, we may see an upside moment. As long as the price does not exceed the 16800 to 17300 range, we will consider selling options with a good premium at those levels. Currently, I have 16800PE and 17500CE. Let's see how this week ends; if the 17300 level breaks, I'll keep my put side up and hope the 17500 level doesn't break; if it does, I hope I will be able to manage the position exit with profit.
NSE:NIFTY
by Manuadarsh
Consolidating Expiry! Option sellers adore consolidation.Still, there is intraday volatility. The market teaches us to adjust our positions based on intraday volatility, What we've seen in the last few expiries *It is good to see the nifty close above 17050. But looking at the chart, the weakness is still there. I will make a decision after watching the 17150 to 17300 range, because the 17200–17250 range acts as a support many times keep an eye on it. NIFTY opened with a gap up, but still, resistance is respecting what we can see. My weekly option selling - 17200 CE, 17150 CE, and 16850 PE, at last, 17000 PE made a good profit this week. We have one more expiry left. Let's see how December is going to end. I hope everyone is having a great year-end.
NSE:NIFTY
by Manuadarsh
ICICI Bank (Make or Break Zone)ICICI Bank is trading at important support zone of 640. Good opportunity to trade: Buy if fails to break 638 with 635 Stoploss. Sell Below 638 with Stoploss at 645. Swing Trade in Futures with Hedge. (Levels as per Spot and trade in FnO) Apart from Support zone there is clear rising wedge pattern visible on the charts so max chances we will get Short side trade on Monday. I am sharing probability of best trade to get on Monday. Please do analysis for better risk management. Like if you Like.
NSE:ICICIBANKShort
by sanks90
Banknifty (Flying Opposite to the wind - Negative)Sell on the Rise "Need a trigger to sell off- Coming soon." Market is looking positive to everyone as it is making new highs. I will like to share my personal view: Detached to the economy market is looking to trap retail players with dramatic upmove. (Hint: Confusing OI data) On Monday expecting a Gap Down Opening, Create a short position below 35200 of course with Hedge. It will reduce upside risk and prevent you from stoploss hunting. To make fresh Upside move BN needs to cross 35800 Levels with some positive News around. Option Buyers should trade with limited quantity as premium eating is going on by big players from last 2 weeks. Sell Below: 35200 Buy Above: 35800 Looking for 34400 level in next few days. Just a view with some analysis. Trade will be executed as per moves and on time Chart and OI analysis. Maybe I am wrong, View is based on current situation. Trade like Chameleon (Change the colours according to situation). Like if you Like.
NSE:BANKNIFTYShort
by sanks90