Short!!!!
Nifty50 Short Opportunity Nifty50 Looking for Short Opportunity
The only reason for the short side is that global markets are now weak.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
Nifty Levels 24 June Expiry Short StrangleRed Lines are potential levels for weekly expiry.
Green Lines are potential levels for Monthly expiry.
Both levels are calculated plotted on the day of expiry for the next expiry.
Here green lines were calculated and plotted on 27-05-2021. And short strangle positions taken for 24-06-2021 Expiry at market close on 27-05-2021
NIFTY 24JUN2021 15900CE Sold at 74.8
NIFTY 24JUN2021 14800PE Sold at 102.55
The rightmost pair of red lines were calculated and plotted on 17-06-2021. Short strangle positions taken for 24-06-2021 Expiry at market close on 17-06-2021.
NIFTY 24JUN2021 15950CE Sold at 26.55
NIFTY 24JUN2021 15450PE Sold at 49.25
Firefighting and adjustments to be done accordingly when any of the levels are breached
SBI- Possible Short Trade Setup in ProgressionSBI seem to be forming a Head and Shoulder pattern in the shorter time frame chart. The pattern to be completed needs the price to test the neck line placed near 420-418 levels and break below. The immediate targets for the set up, if it realizes can be 406/393. The stop loss needs to be placed above 436, which is slightly above the most recent high made intraday (June 11).
Possible trades from the set up
1. Aggressive traders may consider shorting the stock/Futures on any up move towards 433-435 levels, keeping a stop loss at 436.2.
2. Those willing to risk about 7000 to 8000 and wait for approximately 40 days may consider buying the 420 PE July series, currently priced at 15.75 (closing price as on June 11). If the trade materialises the option should be worth around 24 near final target . Square off the option at market if the price closes above the stop loss mentioned in daily chart.
3. Those who wish to carry overnight position and look to hedge can short the July Futures intraday when the spot price is near 433-435 range and hold the position as long as the spot price do not breach the stop loss mentioned. If the trade is in our favor, towards closing buy 430 CE July series and convert the intraday Futures position to overnight. This can offer some hedge and also will allow you to carry the trade overnight with a small margin.
Note:
I am not a SEBI registered analyst
The information given is only for educational purposes.
SBI CARDS BUYING OPPORTUNITYSBI Cards gives a breakdown of its trend support
Note: Don't go for short, it may bounce because It is not a perfect breakdown so, look for buying opportunity, but if you still wanna go short only after confirmation candle
Also, Keep It Mind that
If stock market experts are experts, they would buy stock not selling advice. so trust no one make your own analysis
CADILA HEALTHCARE BUYING OPPORTUNITY Cadila gives breakout and it comes to retest the support but it didn't sustain and close the candle below its support
Note: It is not a perfect breakdown so so don't go for short because it may bounce, look for buying opportunity
Also, Keep It Mind that
If stock market experts are so experts, they would buy stock not selling advice. so trust no one make your own analysis