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Nifty closing below the blue trendline and Monthly expiry viewNifty As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964 - Now On Hourly charts Nifty has closed below the blue trendline - On the upside 17965 / 17996-18030 is very crucial resistance zone - On the downside 17836-17854 if taken out then it potentially opens gate for further downside up to 17564 till Feb expiry. Take care & safe trading....!!! Do Like and Share Follow for more trading ideas from me Learn to earn 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
Nifty: Chart setup, chart view and trading strategyNifty Chart set up Since Jan 27, Nifty has traded for 12 days inside the candle body of 27 Jan 2023. Chart view Whether the breakout is real? The real challenge would come above 18000. Whether it is able to sustain above that. On the downside watch out for 17860 odd levels. If that level is taken out, Nifty might fall towards 17600 / 17400 odd levels and below 17400 further down towards 16800 can not be ruled out. My trading strategy : Bear Call Spread strategy for Mar series Sell Nifty 29 Mar 2023 series in 2 tranches 18200 Call option currently around 214 -215 & Buy 18500 Call Option currently around 98-100 Net Premium receivable 115-116 points (Rs 5750-5800) per strategy lot On a margin requirement, it gives a profit potential of approximately 18.2% till 29 Mar 2023. It has an inbuilt risk cover for a rise up to 18315 till 29 Mar expiry. There is a possibility of Nifty heading towards 18030 odd levels in 1-2 days. If Nifty struggles above 18000 then I would use the 2nd part to sell. Plan your trade accordingly...!!! 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
JUBLFOOD Next Down Move started ????Chart looks Prudent for yet another down move !!! This is in continuation of the idea posted about jublfood few days back...Refer to it... I have attached below the link to it.(under related ideas) Target and SL levels (dashed lines) mentioned in chart. Be cautious if it breaks above the resistance line(thin red trend line) of the descending channel down side. Let's wait and watch!!! Note - just sharing my view....not a tip nor advice!!!
NSE:JUBLFOODShort
by mmjimm
10
Nifty: Budget time and chart set upNifty Chart set up - In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels - a lot of resistance between 17740-18140 - on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels Derivative Data - FIIs have gone in to the Budget day with negative bias My view Given the data and chart set up, I'm not too optimistic about the reaction to Budget announcement. Trading strategy I would be playing this market defensively. - Trade with low capital - Reduce Long positions - Take calculative short positions which would have inbuilt protection till 18250 odd levels Trust you would find the analysis and insights helpful. Take care and play safe 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
Sula Vineyards LimitedSULA:- Ascending triangle pattern has formed, good stock for short term, keep your eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:SULALong
by AjayDhakad_Keep_it_simple
3
Nifty Jan 2023 expiry view and my trading strategyNifty Chart analysis Jan F&O series has been completely rangebound between 17761-18265 (just 504 points range or a mere 2.8% range). ___________________________________________________________________________ Although Nifty was very volatile during this time moving up one day and down the next and making it difficult to trade, it worked out smoothly for our Short strangle Strategy recommended earlier (Selling 17800 Put and 18300 Call with 406 points for the taking) If any one has taken position, profit booking should be considered. ____________________________________________________________________________ Important levels going forward Important levels to watch out for on the upside 18096 / 18120 / 18160 / 18202 On the downside 18038-18013 / 179520 / 17858 / 17786-17733. _____________________________________________________________________________ My trading strategy Now that we have understood the important levels, I would be closely watching out for 18096-18160 levels on the upside. If Nifty gets resisted then I might look to sell Call options in Feb series with a SL at 18250 spot levels Trust you find the analysis and insights helpful. To trade with me, hit the Like button and Follow 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