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Nifty Intraday Analysis for 29th January 2025NSE:NIFTY Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh 23300 Strike – 67.06 Lakh Put Writing 23000 Strike – 103.33 Lakh 22900 Strike – 60.65 Lakh 22800 Strike – 55.79 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 29th January 2025NSE:BANKNIFTY Index closed near 48865 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 22.96 Lakh 49000 Strike – 15.60 Lakh 49500 Strike – 13.02 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49400 – 49500 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47800 - 47700 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 29th January 2025NSE:CNXFINANCE Index closed near 22805 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.14 Lakh 22900 Strike – 1.48 Lakh 22800 Strike – 1.37 Lakh Put Writing 22300 Strike – 2.40 Lakh 22500 Strike – 1.89 Lakh 22700 Strike – 1.79 Lakh Index has resistance near 22950 - 23000 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range. Index has immediate support near 22650 – 22600 range and if this support is broken then index may tank near 22450 – 22400 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 29th January 2025NSE:NIFTY_MID_SELECT Index closed near 11645 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 13.53 Lakh 11900 Strike – 7.54 Lakh 11800 Strike – 6.46 Lakh Put Writing 11600 Strike – 9.49 Lakh 11500 Strike – 7.35 Lakh 11400 Strike – 6.33 Lakh Index has immediate resistance near 11800 – 11850 range and if index crosses and sustains above this level then may reach 11900 – 11950 range. Index has immediate support near 11550 – 11500 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
GODFREY PHILLIPS THE BEST SECTOR OF ALL TIME Please consult your financial advisor before investing.This is only for learning purpose of chart. We are NISM certified EQ and MCX trader but not SEBI register investment advisor. THE 'OG STOCK " stock has given multibagger overthe past few years despite tax rise and uncertain govt policy on tobacco we firmly believe that stock will give infinite return from this level. Because you cannot not stop addict from smoking. Rather make money and be happy...
NSE:GODFRYPHLPLong
by premganatraa
BankNifty levels - Jan 30, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Jan 30, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details: Buy Above 1445 Tp1 - 1565 Tp2 - 1670 Tp3 - 1800 Tp4 - 1920 SL - Below 1400 (Only to get started) Rationale : Multi Timeframe Analysis Shows: 1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle 2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support 3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles. Consolidation Zone - Trending move expected outside this Zone
NSE:SBILIFELong
by DrAnandM
BANDHAN BANK - DOUBLE BOTTOM IN FORMATIONSymbol - BANDHAN BANK CMP - 151.12 Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking. A double bottom pattern is currently in formation, and the price is undergoing a consolidation phase. At this juncture, the key level of focus is 154, which represents the breakout zone for this consolidation (Buy Trigger). If the price successfully sustains above this level, a potential upward move towards 168 can be anticipated. Therefore, I intend to initiate long position in Futures at the buy trigger level. Additionally, I plan to add more position around 150 level and will hold long position with a stop loss at 144. The target for this trade is 168, which implies an expected upside of approximately 8.40% from the entry point. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANDHANBNKLong
by akshit_official
This is a daily chart of IRFC (NSE).Key Points: Downtrend: The stock is moving down but is near strong support (green lines). Breakout Possible: If it moves above ₹144.70, it may go up to ₹149.04 and then ₹166.90. Resistance: The red trendline is acting as a hurdle. A breakout above it can push the price higher. Risk Level: If it falls below ₹127.65, the downtrend may continue. Potential Upside: First target: ₹144.70 (+6.78%) Second target: ₹166.90 (+10.81%) Conclusion: Above ₹144.70 → Bullish move possible 🚀 Below ₹127.65 → Downtrend risk ⚠️
NSE:IRFCLong
by iVishalPal
Nifty Intraday Analysis for 28th January 2025NSE:NIFTY Index closed near 22930 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 85.62 Lakh 23300 Strike – 79.27 Lakh 23300 Strike – 71.29 Lakh Put Writing 22000 Strike – 100.54 Lakh 22500 Strike – 59.87 Lakh 23000 Strike – 54.46 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 23050 range and if this support is broken then index may tank near 23200 – 22250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 28th January 2025NSE:BANKNIFTY Index closed near 48065 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 28.04 Lakh 48500 Strike – 13.18 Lakh 48000 Strike – 8.89 Lakh Put Writing 47000 Strike – 26.31 Lakh 48000 Strike – 14.97 Lakh 47500 Strike – 10.98 Lakh Index has resistance near 48400 – 48500 range and if index crosses and sustains above this level then may reach near 48900 – 49000 range. Index has immediate support near 47500 - 47400 range and if this support is broken then index may tank near 47000 - 46900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 28th January 2025NSE:CNXFINANCE Index closed near 22385 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 3.02 Lakh 22700 Strike – 2.03 Lakh 22800 Strike – 1.38 Lakh Put Writing 22000 Strike – 1.46 Lakh 22300 Strike – 1.09 Lakh 22500 Strike – 0.96 Lakh Index has resistance near 22500 - 22550 range and if index crosses and sustains above this level then may reach near 22650 - 22700 range. Index has immediate support near 22200 – 22150 range and if this support is broken then index may tank near 22000 – 21950 range.
NSE:CNXFINANCE
by RKMAURYA
BankNifty levels - Jan 29, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Midnifty Intraday Analysis for 28th January 2025NSE:NIFTY_MID_SELECT Index closed near 11720 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 11.96 Lakh 11900 Strike – 6.48 Lakh 11800 Strike – 5.08 Lakh Put Writing 11500 Strike – 9.06 Lakh 11800 Strike – 6.53 Lakh 11400 Strike – 6.17 Lakh Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range. Index has immediate support near 11650 – 11600 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 29, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Options Trading Strategies on Budget Day 2025A Comprehensive Guide on Nifty, Niftybank, and Sensex Options Introduction Trading options on Union Budget day can be an exhilarating yet challenging endeavour. The Indian stock market sees significant volatility on this day, influenced by the budget announcements made by the Finance Minister. This guide will provide insights into trading options on the three major indices in the Indian markets: Nifty, Nifty Bank, and Sensex. We will also analyse the past data of these indices on budget days and examine how India VIX have fluctuated during these days. Based on this data we will deploy 4 delta neutral strategies and see how these strategies have performed on the budget days for all the 3 indices. The basic idea of this study is to find out the optimal strategy that can be deployed on budget day. Also please note since Sensex is a new instrument for weekly options data for the strategies is only available for 2024 Understanding the Major Indices • Nifty: The Nifty 50 index, representing 50 of the largest companies listed on the National Stock Exchange (NSE). • Niftybank: The Nifty Bank index, comprising the most liquid and large capitalized Indian banking stocks. • Sensex: The Sensex or BSE 30 index, representing 30 of the largest and most actively traded stocks on the Bombay Stock Exchange (BSE). Historical Performance on Union Budget Days To make informed trading decisions, it is essential to analyse how these indices have performed on budget days over the past decade. The following tables provide detailed data on the indices' performance, including values for Open, High, Low, Close, and percentage changes from Open to Close and High to Low. Additionally, the tables include India VIX movement throughout the day. Analysing Implied Volatility and India VIX On Union Budget day, implied volatility and the India VIX are crucial indicators to watch. Typically, an IV crush occurs post the Finance Minister's speech, leading to a significant drop in volatility. This section will explore these trends based on historical data and provide insights into how traders can capitalize on these movements. PS: The IV considered here will be the ATM Straddle IV Options Trading Strategies Although multiple options strategies can be deployed on budget day we are going to consider deploying a Directional and a Non-Directional Straddle with protective hedges. We will compare the strategies to see which strategy has given the best back testing performance and we will compare the performance of these strategies for all indices Nifty, Bank Nifty and Sensex. Short Straddles using Wait & Trade A conventional short straddle involves selling an ATM call and an ATM put option. However instead of entering both the legs at once we are going to perform a wait and trade directional straddle. This means that we will enter the call leg or the put leg only when the premium falls below 5%. We will take the reference time of entry as 9:20 am and exit time for the strategy will be 3:25 pm. We will check the reference price of both the calls and put options at 9:20 am for the ATM Straddle strike price. Let us say the Nifty on budget day is trading at 22500 then we will check the premium of the 22500 CE and 22500 PE and note down these prices. Let us say both are trading close Rs 100 each then we will enter only when the price of those options goes below Rs 95 implying that there is some direction in the market. So we will enter only that leg and avoid executing the other leg. If the market takes a direction we are bound to profit from the leg that has been executed. If the market moves up first and then down then it is likely that both the legs will get executed. The stop loss on the individual legs will be 70% each. One can execute this simple strategy via an algo execution platform. Pros: This strategy profits from the decrease in implied volatility and can be profitable if the market remains sideways or directional. Cons: This strategy will tend to loose money in a V-shape or U-shape market since there is a possibility of both stop losses triggering. Iron Butterfly An Iron Butterfly strategy involves selling an ATM straddle and buying protective wings (an OTM call and an OTM put) to limit risk. The offset units will be purely selected on the basis of the breakeven points of the straddle to keep it simple. This strategy is limited risk limited reward strategy. We will execute this strategy on all indices at 9:20 am and exit at 3:25 pm on all budget days. Pros: On budget days the usual tendency of the market is to make some extreme movements but tend to close flat or closer to the open. If on the budget day the market tends to behave in this manner then the strategy turns out to be a high profitable strategy. Cons: On budget day if the market becomes extremely directional then this strategy will end in a limited loss Back tested Results The back tested performance of short straddles and Iron Butterfly on Nifty, Nifty Bank, and Sensex indices are summarized in the following tables. These tables will help traders understand the potential profitability and risks associated with each strategy. For some strategies there is lack of back tested data available, so it is denoted as NA in the column of the strategy name Note: All the strategies deployed as a part of this exercise are time based straddles. To optimize the performance of these strategies one can look at ATM straddle charts and can add some technical indicators such as super trend, vwap or moving averages to plan precision entries and exits for these strategies. The usage of these will definitely help increase the probability of the trade. Please find the link below for your reference with all the data Historical Data Indices.xlsx The software used for backtesting the strategies in StockMock. Conclusion Budget week brings volatility; traders should employ delta neutral strategies to benefit from price fluctuations and implied volatility changes Some of the key highlights of all budget days: 1. Budget week is highly volatile, with significant price movements expected. 2. Historical analysis shows an average 2-2.5% movement from high to low on budget days. 3. Implied volatility typically decreases around 11 AM on budget day. 4. Delta neutral strategies are recommended for traders lacking directional clarity. 5. Various strategies like straddles, strangles, and iron condors can be employed. 6. One should use algo platforms to automate executions since markets will tend to move very fast and in such situations, execution becomes extremely critical 7. Also do your own study by backtesting, forward testing and only then deploy your strategy in the live market Hope you found the above article useful in helping you to prepare yourself in advance for Budget Day. All the best!
NSE:NIFTYEducation
by VishalSubandh
10
Nifty Intraday Analysis for 27th January 2025NSE:NIFTY Index closed near 23090 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 75.29 Lakh 23200 Strike – 56.12 Lakh 23300 Strike – 55.46 Lakh Put Writing 23000 Strike – 65.13 Lakh 22500 Strike – 53.43 Lakh 22800 Strike – 40.78 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 27th January 2025NSE:BANKNIFTY Index closed near 48370 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 19.75 Lakh 49500 Strike – 18.15 Lakh 48500 Strike – 12.04 Lakh Put Writing 47500 Strike – 18.61 Lakh 47000 Strike – 14.79 Lakh 48000 Strike – 13.15 Lakh Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.
NSE:BANKNIFTY
by RKMAURYA