Strategy!
XAUUSD, weekly analysis, Oct 12-16Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price of 1965 - 1970 area,
Price action analysis is posting for education purposes..
NIFTY - THIS WEEK'S ANALYSIS & TRADE PLAN FOR TOMORROWNSE:NIFTY
Let me know if you find this useful and if I should continue posting such ideas on daily basis for intraday/swing levels of stocks & indices?
Take a look at the chart properly for detailed analysis,
also please note that this idea is purely for educational purpose only, kindly do your own research before investing and trading or consult your financial advisor.
NIFTY TRADE SETUP FOR EXPIRY DAYor example, if nifty break 11305 ...and sustain buy 11300 CE.
as options data suggest we have very less possibility to break 11170. and nifty might open above the Range.
if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only.
MY possible setup.
1 flat opening
sell 11350 ce and 11150 pe
2. Gap up opening .
will wait nifty to observe profit booking and buy 11300 ce and sell 11400 ce.
3 . gap down
if gap down below the range then i will short with full quantity .
NIFTY TRADE SETUP FOR MONDAYNIFTY TRADE SETUP FOR MONDAY
Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish.
if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. .
the market can be range-bound between 11110- 11180.
once the market cross 11180 then we can see 11230, 11250.
on the other hand, if the market opens negative and sustains below 11020 we will initiate short.
for the target 10960,10902.
This is not a trade call. all views are for educational and discussion purpose only.
NIFTY TRADE SETUP FOR FRIDAYTomorrow I will follow the same strategy. Mark 30 min high and low. on high sell CE and on low Sell PE. on range break exit the respective position and carry the other position.
the market has only three possibility
1. going up
2. going down
3. range-bound
As an option Trader, we have to position ourselves for all three possibilities. we might not make extraordinary money but one thing is sure we will not lose the money.
Keep trading and keep making money.
NIFTY TRADE SETUP FOR FRIDAYTomorrow I will follow the same strategy. Mark 30 min high and low. on high sell CE and on low Sell PE. on range break exit the respective position and carry the other position.
the market has only three possibility
1. going up
2. going down
3. range-bound
As an option Trader, we have to position ourselves for all three possibilities. we might not make extraordinary money but one thing is sure we will not lose the money.
Keep trading and keep making money.
NIFTY EXPIRY DAY TRADE SETUPNIFTY TRADE SETUP
The market recovers 100 points in the last hour. if the market opens gap up then 11120- 11090 will work as support.
tomorrow is expiry so we can expect a volatile market. on the dip, I sell the put option with 20-30 point stop loss.
on the upper side will sell calls will not carry naked position and will try to close call before 2:30.
if the market crosses and sustains below 11020. then I will sell in the money call.
BANKNIFTY Short Strangle Wed1) Wed Market is a PED(Premium eating day) - Bidirectional so short strangle works better
2) you can sell top 3 leg CE & bottom 3 legs PE
3) Green lines are safe zones
4) Usually market is range-bound from 11 - 12/1PM Major moves happend before 10 and after 1PM/ 2PM
5) so better to square off before 12PM / 1PM of conservative traders
6) SL/Exit whenever it touches a safe zone or loss goes > 3000
NIFTY TRADE SETUP FOR WEDNESDAYNifty Trae set up
After 2 days directional movement we can see a range-bound market before expiry.
I will rather sell the option tomorrow than buy it.
level I have marked.
simple I will mark 30 min range .om high side will sell call and the lower side will sell PE. keep both positions intact until range break.
Keep an eye on Bank nifty. if it trades below the 21000 marks then it will drag nifty also.
DLF: Chart set up & strategy for September seriesDLF
CMP 161
- 168-172 is potentially strong resistance zone
Given the set up consider selling DLF 170 Call Option 24 September 2020 expiry
in the price range of 7.5-10
CMP 7.65
The strategy covers a risk of rise up to 177.5-180 levels till 24 September
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Take care & safe trading...!!!
NIFTY 50 PREDICTION OF 16-09-2020T ODAY GREEN CANDLE FORM AFTER PREVIOUS RED CANDLES,
IT SHOWS BULLISH STRENGTH OF THE MARKET.
AT 14-09-2020 PROFIT BOOKING WAS THERE, SO ONLY BUYING WOULD FORM IN THE MARKET.
MARKET SENTIMENT DATA:
Moving Averages - - 100% Strong Buy
Momentum Oscillators - 83% Strong Buy
Trend Oscillators - 67% Buy
Volatility - - 100% Strong Buy
ALL INDICATOR DATA:
Name Value Action
RSI(14) 55.287 Buy
STOCH(9,6) 63.209 Buy
STOCHRSI(14) 70.377 Buy
Williams %R -18.270
CCI(14) 38.9796 Neutral
ROC 3.721 Buy
Ultimate Oscillator 58.761 Buy
KEY POINTS FOR TOMORROW
1. MARKET SHOULD OPEN ABOVE 11565.
2. STRONG RESISTANCE IS 11550.
3. AFTER GAP UP SHORT SELLING WILL FORM NEAR 11585.
4. AVOID TRADE ABOVE 11600 AS BUY CALL.
5. ABOVE 11585 CHANCE OF SHORT SELLING, BUT IN LIMITED ZONE. (11525-11565)
IF MARKET OPEN IN GAP DOWN (BELOW 11500), THEN BUY IMMEDIATELY.
BUT OPEN BELOW 11460, THEN SHORT SELL.
ALSO AWARE INTERNATIONA AND NATIONAL NEWS SENTIMENTS.
Inside Candle Strategy using the 20MA (BANKNIFTY)This strategy does not work 100% of the time, but it does offer a good risk reward ratio.
If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger your stop loss, hence you should set it just above important levels and not exactly on them.