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Granules, Short Strangle SetupToday the price has broken the support zone and Fib retracement level of 38.20%. Also, there is a good convergence in ema bands. The price could show the volatility of 5 to 6% in this range of Fib retracement levels of 330 to 315. On the breakdown of this range we got a clear short trade of 5 to 6%. If anybody wants to trade this range then the short strangle strategy will work best. Hit the like button!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes. Thanks S. Simranjit Singh Virdi
NSE:GRANULESShort
by ssvirdi
Nifty: Chart set up and viewNifty We have been warning about the fall since the last few Nifty updates If on pull back Nifty finds it difficult to reconquer 63 day EMA then probability of Nifty falling towards 18820 could be higher. Current Scenario and Important levels have been discussed... View gets invalidated if Nifty closing is above 63 day EMA on a weekly closing basis. Take care & safe trading.. Do Like, if you find it useful Follow for more trading ideas...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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
3
Nifty: Chart set up and important levels for 12 Oct 2012Since Oct 5, it was suggested a short covering rally can be expected above 19482. Even after Israel-Palestine situation, I had suggested that if Brent crude is below $90, then we would bounce back after an initial knee jerk reaction. That is what we have seen. After a reaction on Monday, Nifty has rallied roughly 345 points in the last 2 days. Open Interest has come down by 8.18% (4.24% on Wednesday and 3.94% on Tuesday) suggesting that the current rally is a Short covering rally. However Can the momentum continue without a decrease in Open Interest? FIIs have been selling in Cash Market as well and were Net sellers yet again to the tune of Rs 421.77 Cr DIIs have bought in Cash Market to the tune of Rs 1032.02 Cr Important levels which may act as Support and resistance for the day Imp levels on the upside: 19865 / 19890 / 19922 Imp levels on the downside 19705 / 19682 / 19640 The zone of 19640-19682 is going to be very important for the Oct series. Take care & safe trading...!!! Like and Follow
NSE:NIFTY
by indiamarketoutlook
Nifty: Near resistance zoneNifty In my last update had mentioned that above 19482 we could see a Short covering rally. From 19482 to 19689... Nifty has seen a good 200 point plus movement. With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart. Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls but could start favoring the Bears Selling Call options may be considered. Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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 near 21 day EMALast time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war looming ahead of us on Monday morning. Traders might not have foreseen this coming and there could be adjustments made possibly Monday morning. It would be best to let the market settle first. There could be cues from price action in Crude Oil prices and Gold prices. If Brent crude goes above 90 then there could be further downside pressure trigger for our markets. If not we might see a bounce back after the initial knee jerk reaction. Important levels which may act as Support and resistance for the day Imp levels on the upside: 19720 / 10854 / 19878 Imp levels on the downside 19576 / 19458 / 19333 ONGC could take support at current levels and look for a push possibly towards 200 - 220 in coming days Take care & safe trading...!!! Like and Follow Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - 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:NIFTY
by indiamarketoutlook
Nifty: Is it the silence before the storm? Nifty action in the last 3 days... Like a Scream but sort of Silence... It has seen some wild swings up and down but is not showing much strength... closing flat near 19774... Is it the silence before the storm??? Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall? Right before the expiry the battle between the Bulls and Bears is heating up… Stakes are getting higher and waiting for one of them to get cornered. Bulls need a close above 19840 odd levels to feel comfortable and Bears might get stronger once 50 day EMA is taken out.... Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook
Nifty breaks below 20K mark... Is short term top in place?Nifty after managing to float above 20k mark for a few days, has finally broken the support. Will Is the short term top in place or will we see Nifty reclaiming back 20 K ??? F&O data insights Index Futures Retail traders added 8332 Long Contracts and squared off 13492 Short Contracts FIIs squared off 30419 Long Contracts and squared off 5337 Short Contracts Pro traders added 4626 Long Contracts and added 692 Short Contracts Index Call Option Retail traders squared off 8.22 Lakhs Call Long Contracts and squared off 9.90 Lakh Call Short Contracts FIIs squared off 2.13 Lakh Call Long Contracts and squared off 67099 Call Short Contracts Pro traders squared off 1.67 Lakh Call Long Contracts and squared off 1.45 Lakh Call Short Contracts Index Put Option Retail traders squared off 15.05 Lakh Put Long Contracts and squared off 15.41 Lakh Put Short Contracts FIIs squared off 1.03 Lakh Put Long Contracts and squared off 6879 Put Short Contracts Pro traders squared off 2.93 Lakh Put Long Contracts and squared off 3.75 Lakh Put Short Contracts PCR : 0.80 We see significant reduction in OI with FIIs squaring off a good portion of their Long Positions suggesting they were happy to book profits even after the gap down. In Cash Market FIIs sold to the tune of Rs 3110.69 Cr DIIs have sold in Cash Market to the tune of Rs 573.02 Cr On any pullbacks, Bears would sniff a chance if they see Nifty unable to cross today’s gap at 20050-20115. Important levels which may act as Support and resistance for the day Imp levels on the upside: 19966-19982 / 20019 - 20046 Imp levels on the downside 19863 / 19827 / 19786 Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook