Nifty can be positionaly buy Nifty affecting indicies Dow and Nasdaqe looks positive for next 2 weeks, We can see 32150 & 32850 levels on Dow,
That means Indian markets may trade positively for next few days,
There may be some minor corrections in some days, but overall we can see 16750 on Nifty and 35800 on Banknifty in next 1-2 weeks,Important Support for Nifty would be 15965 and 34275 for Banknifty,
One can create long positions specially in Nifty , Can accumulate 16200 CE of 21st July Expiry from 16200 to till 16050, with the Stop loss of 15965, Average price would be 150 and the targets may be 550-600 before 21st July Expiry.
Strategy
BankniftyBANKNIFTY 30JUN2022 32500PE (Sell) =82.4
BANKNIFTY 30JUN2022 34500CE (sell) =93.15
BANKNIFTY 30JUN2022 33000CE (buy) =817.35
BANKNIFTY 30JUN2022 34000PE(buy)=582.7
max profit in this trade=6888
max loss in this trade=5613
Breakevens
32776.0-34224.0
days left for expiry 4
amount required to trade this strategy 68,817.44/-(calculated from Icici direct brocker account)
ensure all trades are executed otherwise loss may be unlimited.
Probablity of profit=49%
Risk to reward =1:1.2
BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [22-06-2022]NSE:BANKNIFTY
yesterday a sharp rise has occurred but still, we are in bear trend as the market didn't break its previous swing high.
all sentiments and news are negative this is a sell-on-rise market.
Levels marked on the chart.
NSE:NIFTY
Bank nifty and nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
nifty 16june 2022hi here is a limited risk and limited reward strategy for nifty options
NFO NIFTY22616 OPT-PE 16000 50 Buy 0 0 0.00 0
NFO NIFTY22616 OPT-CE 16600 -50 Sell 64536 16201 0.00 80737
NFO NIFTY22616 OPT-CE 16400 50 Buy 0 0 0.00 0
NFO NIFTY22616 OPT-PE 15800 -50 Sell 64336 16201 0.00 80537
the trade is in single lot
minimum amount required for this strategy is 33000 max. reward is 5670 max. risk 4328.
risk reward ratio 1:1.3
Breakeven
15914.0-16486.0
probability of profit is 48%
(above table is from my brocker website data)
no of days remaining expiry =3 days
take the trades as per your capacity, ensure all trades are executed otherwise risk will become unlimited.
market goes is any direction max risk and reward is specified. you can exit the position as per your profit/loss bearing capacity ;)
BANKNIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [31-05-2022]NSE:BANKNIFTY
on 30-05-2022 bank nifty traded in a narrow range and formed a falling wedge pattern on 5 min timeframe, facing strong resistance at 36100.
Bank nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
"if you "If you would like any more information feel free to DM me"
Happy trading & keep learning
BANKNIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [30-05-2022]NSE:BANKNIFTY1!
#NIFTY chart is same as it is of 27- may
Bank nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
"if you "If you would like any more information feel free to DM me"
Happy trading & keep learning
Middle term to Long term vision for BankniftyMarket has taken support from this trendline so it is expected to take support again
but this time this support may be weaker so beware with your option or future positions.
-> 70% chance to bounce back from 32500 level
-> 30% of breaking it.
Market will definitely come to 32500 level then start investing in small
quantity in ETFs if you do for swing or long-term holding.
Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :-
T1 - 16404
T2 - 16375
T3 - 16352
LIFE OF A NOOB TRADERHello !!
Welcome to the trading psychology of a noob trader. We all know most people lose money in stocks as they do not have a proper idea about investing and invest randomly in any stock without looking technically or fundamentally.
In order to stay in the market, one needs to be patient and hold the horses when the market dumps as nothing goes down forever. Most of the new traders buy stocks that are overhyped and when it starts dumping they sell them rather than accumulate more of them.
In the long term, the market eventually goes up and one needs to know the law of compounding and invest more when the market dumps but the opposite happens and they lose out on their capital. The poorer get poor and the richer get richer as they have mastered the secret of long-term compounding.
Invest Early and slowly !!
DOUBLE BOTTOM IN NIFTY 50Nifty 50 has formed a Double Bottom chart pattern on its demand zone and has also broken its neckline. The demand zone has a great potential and adequate amount of fuel to makr Nifty fly.