Strategy!
Nifty trading range for weekly expiry 18th JunMarkets opened with caution today, but gained ground through the day. in the second half though the banking stocks saw pressure and led to selling. Indices closed near the lower end of the trading range. Indicating caution.
Option data suggests a trading range of 9800 to 1000 for tomorrow. Bank Nifty seems to have a trading range of 19500 to 20500.
As usual lets see the opening of the market and global cues coming in for tomorrow morning.
For more details read the blog -
equitycompound2.blogspot.com
MOMENTUM TRADE IN RELIANCEMOMENTUM TRADE IN RELIANCE
BUY@1620
STOP@1606
TARGET@1633
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
NIFTY WILLRETRECH TO MOVE UPSIDENIFTY BREAKS ITS UPSIDE RALLY...IT NEED TO RETRECH SOME LEVEL TO MOVE UPSIDE
Steel Balls Required to cross the second level on Bank Nifty Steel Balls Required to cross the second level on Bank Nifty. If it manages to move up the quick resistance.
BEST TRADING STRATEGY ON TRADING VIEW BIND BACK TESTEDThis video is about blind testing the world's best script on TV and see if it still generates the net profit of 4000-15000% of net profit in just 1.5 years . This means 40 to 150 times of initial investment in just 1.5 years. You can ofcourse deduct the fee/commission part of platforms and some more but still, this is too much. What I have done here is developed a pine script which when I applied to any market pair on cryptocurrency market generates staggering profits in just 1.5 years. Today, to make it purely blind I have used a mobile application to generate random numbers first and then with that number I select the market pair and apply my script to see the back testing results. Results are still the same as we saw in my first video about the script. Also, I discussed various ways people can take advantage of the script. People can either buy it and apply it own their own on any number of charts on any market and generate signals/calls for trading automatically or they can chose to go for Copy Trading Service where they don't have to do anything but just subscribe to my Copy Trading Services and grow with me and relax while my script does the job for both of us. For details you can message me or email me.
Banknifty MAY expiry betExpecting banknifty to stay within the channel.
Trade 1: Short Straddle - Medium Risk
SELL 19000CE: 64.6 * 20 = 1292
SELL 16000PE: 47.3 * 20 = 946
Total profit = 2238 Rupees
Trade 2: Iron Condor - Ultra low Risk
SELL 16000PE: 47.3
BUY 15900PE: 41.45
SELL 19000CE: 64.6
BUY 19100CE: 55.85
Total Profit = 64.6 + 47.3 - 41.45 - 55.85 = 292 Rupees
Expiry Strategy 07May2020: Sell 22000 Call around 4020 day EMA stays below 50 day EMA signals the continuation of bearish sentiment. Evening star pattern in daily chart confirms the resumption of bearish sentiment. Expect the index to stay below 22000 level for this expiry.
TCS can be a rewarding tradeTCS trading at the short term support and chances are that it can have a long run if it breaks the trend line because it is holding the support line.
Nifty 30-April expiry strategyNifty
CMP 9363
Consider selling Nifty 30-April expiry
9100 Put option around 50
&
9600 Call option around 38
Max profit potential Rs 6600/-
Loss only if Nifty closes above 9688 or below 9012 on 30-April-2020
Take care & safe trading...!!!
Follow
Analise PETR4 21/04/2020PETR4, próximo candle confirmando pode ser que a Petrobras busque os R$ 20,00 ou o próximo nível do fibonacci 261,80%
Analise TSLA 20/04/2020Creio que tenha um espaço para cair ate os $680.00 e retomar com força, para buscar $900.00 também 261.80% do fibonacci +ou- .
Trade Log NIFTY April 9Good Day Today for me. Mostly traded as per plan.
NIFTY is still in the large range of 8050 to 9150. But now, the breakout may have happened above 9050. Idea was to ride 8500 and 9200 OTM options. Then when NIFTY consolidated above 9000, I sold credit spread, which again turned out well as NIFTY expired above 9000.
Nifty strategy in this volatile marketNifty
CMP 7765
Nifty has been very volatile and it has been swinging 500 points just like that....
What use to take months now is happening in a couple of hours...
So what can one do in such situation
Option 1 is stay away from market
Option 2
Trade with more focus on risk management.
For the current market conditions
One may consider the following strategy
Sell Nifty Put Option
Lot Size:75
Expiry: 30 April 2020
Strike Price: 6100
CMP 250
Any price above 6100 in Nifty on 30 April 2020 can yield a
Maximum profit potential of Rs 18750/- (Profit potential of approximately 30% on margin ) per lot
Loss in strategy only if Nifty closes below 5870 on 30 April 2020
That is a good 1800 points protection ( in simple words in built Protection against loss of Rs 135000/ -)
Take care & safe trading...!!!
Do hit the like button and follow us
Any failure to move above 85 will induce more correction The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.
While Nifty did made some attempt to pullback, the same was While Nifty did made some attempt to pullback, the same was absent on BankNifty. The movement on the index was weaker than that of nifty and a clear divergence was noticed. Disparity among these two index espically Banknifty lagging is not a sign of strength. While the RSI is into bearish zone below 20 the macd histogram is soaring red, indicating sellers are in no mood to stay back. Below 18650 the index may further slip to 13200 levels. However to prove itself strong the stock has to pull above 21900 the index may pull up to 24500 & 28000 levels.
The USDINR is trending up, a small divergence was created on RSIIn our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to close itself above it then we may further see advance in it. The upside targets for the pair are placed at 74.70, 75.50 & 77.50 if the 73.55 levels is safe. Below 73.55 the correction may extend to 72.60, 71.30 & 70.75 levels.
RSI being heavily oversold the stock may pullbackThe stock 1101 during the day pulling back to close at 1134. Comparing close to close the stock corrected 1.43% compared to Bank Nifty overall. Now the stock is at a support. RSI being heavily oversold the stock may pullback from the current levels to 1160 – 1180 levels, however failing to cross them or creating bear candles at the levels may result into further selling. If selling beings again then the stock may find support at 1095, 1050 levels below which the target is deep towards 890 zones.
If nifty fails to move above 12300 then most probably it willNifty ended up in a state of confusion. There was no defined action, being the week ending on weekly expiry this was much expected. However Nifty seems to be under pressure. The 12300 levels are intact from last few weeks and has been acting as a effective resistance. If nifty fails to move above 12300 then most probably it will test 11990, 11850 & 11600 in the weeks to come, to get its bullish signature back Nifty needs to break above 12300. Above 12300 we may see Nifty move up to 12390 – 12650 levels.
Above 31880 levels may act as resistance, giving away supportsThe index closed at a very important level. 30800 level may provide support to the index. The RSI is into neutral zone (a momentum weakness is eminent ) The MACD is below the zero line indicating weakness. Above 31880 levels may act as resistance, giving away supports below 30800 may push the banknifty to 30070, 29630 & 28950.
any dips to support may be an interesting place to createThe stock has closed below and important pivot zone. The next support levels are close to 490 zones, below it the stock may resume trend down again and test 435 – 350 levels. To reclaim bullish structure it has to close above 580levels. The RSI is into bullish zone MACD is displaying positive momentum, any dips to support may be an interesting place to create positions in the stock.
Short term support is at 12040 below it Nifty may fall to 11840.The weekly chart of Nifty displays strong comeback from buyers. The piercing bull candle in uptrend is a clear sign of strength. In the last session Nifty ended after a volatile session creating a narrow range candle, the daily prices halted at 61.8% retracement of the corrective leg. The RSI taking resistance at 45 ma and curling down while MACD is into bearish zone, indicate the momentum needs to be boosted further to maintain the overall trend up. Short term support is at 12040 below it Nifty may fall to 11840. If Nifty is able to maintain itself above 12040 it may rally to 12430 & 13000 levels.
