OPTION CHAIN TRADINGAn option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.
A call option buyer stands to profit if the underlying asset, say a stock, rises above the strike price before expiry. A put option buyer makes a profit if the price falls below the strike price before the expiration.
Support
Once again, Wave Analysis has proven its worth
#ABB :-
Once again, Wave Analysis has proven its worth
I shared a bearish idea, and it Fall from 8700 to 6600.
Then, I shared Bullish idea, and it Move 6700 to 7900 Till Now.
We saw the market act accordingly
It's a simple strategy, but it works.
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Markets move in waves, and it's important to be able to recognize and anticipate these movements.
Pre Market analysis for 16/12/2024
Pre Market analysis for 16/12/2024
#NIFTY50
If market opens flat and breaks 24800 will plan for buying for target 25000 level. If market opens gap down, wait for reversal at 24550 level then plan for buying for target 24800. Wait for 5mins bullish candle at 24550 level.
If market opens gap up, wait for retest of yesterday closing, then plan for buying for target 25000.
Disclaimer:-All views are my personal and only for educational purpose.
Pre Market analysis for 16/12/2024
Pre Market analysis for 16/12/2024
#NIFTYBANK
If market opens flat and breaks 53650 will plan for buying for target 54000 level.
If market opens gap down, wait for reversal at 53400, then plan for buying for target 53800,54000 levels.
If market opens gap up, wait for retest of yesterday closing (53650), then plan for buying in for target 54000.
Disclaimer:-All views are my personal and only for educational purpose.
ULTRACEMCO Stock is trading near resistance level in daily time
#ULTRACEMCO
Stock is trading near resistance level in daily time frame. Can do good in coming days once resistance is broken and starts trading above the resistance.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
SIEMENS Stock is facing resistance in daily time frame
#SIEMENS
Stock is facing resistance in daily time frame near 7950 level.If resistance is
broken and stock sustains above the level,can do good in coming days.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
RSI part 2 RSI Indicator: Best Settings for Day Trading Strategies
Short-term intraday traders (day trading) often use lower settings with periods in the range of 9-11.
Medium-term swing traders frequently use the default period setting of 14.
Longer-term position traders often set it at a higher period, in the range of 20-30.
To use the RSI indicator, check if the value is above 70 to show an asset is overbought, or below 30 to show it is oversold. Traders can use these signals to find possible trading opportunities
Few Important Information about tranding Few Important Information about tranding
Trading refers to the process of buying and selling financial assets, including stocks, bonds, currencies, and commodities. Trading is done with the explicit goal of making profits from price changes in the short term.
Trading involves the buying and selling of financial assets, such as stocks, to earn profits based on the price fluctuations of these assets. There are different types of trading, and traders use various strategies, techniques, and tools to decide when to buy or sell different assets
Database Trading As of June 2024, the most popular database management system (DBMS) worldwide was Oracle, with a ranking score of 1244.08; MySQL and Microsoft SQL server rounded out the top three
The trends towards cloud-native solutions, real-time data processing, and flexible data models underscore a paradigm shift in database technologies. NoSQL, with its inherent scalability and versatility, is at the forefront of this transformation.
RSI part 2 The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.
The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Resistance 1600 Watching above 1704 for upside movement...
Support area 1670 Below 1690 ignoring upside momentum for intraday
Support 1679 Watching below 1779 or downside movement...
Resistance area 1700
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Support & Resistance levelsAs of mid-December 2024, HDFC Bank's stock is trading at ₹1,871.75 on the NSE, nearing its 52-week high of ₹1,880. The stock has demonstrated solid growth throughout the year, starting at ₹1,683.01 in January and delivering approximately 11.2% returns year-to-date
Key levels for December 2024:
Support levels: Around ₹1,864 to ₹1,868, based on recent lows observed earlier this month.
Resistance levels: The 52-week high of ₹1,880 acts as a critical resistance. Breaching this could open the path for further upward momentum
ICICIBANK Support & Resistance for the dayHere are the current support and resistance levels for ICICI Bank (as of December 2024):
Daily Levels (Intraday)
Support Levels:
S1: ₹1,320.95
S2: ₹1,312.65
S3: ₹1,303.75
Resistance Levels:
R1: ₹1,338.15
R2: ₹1,347.05
R3: ₹1,355.35
Weekly Levels
Support Levels:
S1: ₹1,301.03
S2: ₹1,273.07
S3: ₹1,250.03
Resistance Levels:
R1: ₹1,352.03
R2: ₹1,375.07
R3: ₹1,403.03
BAJFINANCE Support & Resistance levels Stock Market Performance
Current Share Price: ₹7,273 (approx., December 2024).
52-Week High/Low: ₹7,510 / ₹6,160.
Support Levels: ₹7,037, ₹6,890, and ₹6,800.
Resistance Levels: ₹7,273, ₹7,364, and ₹7,510
Market Sentiment: The stock has been trading near its resistance levels, indicating strong investor interest.
Expanding Digital Initiatives: Enhanced focus on digital lending through apps and partnerships with e-commerce platforms.
Branch Expansion: Increasing penetration in Tier II and Tier III cities.
ZOMATO Support & Resistance levels Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure
Key Highlights:
Support and Resistance:
Support: ₹278.20 is a critical level where buyers may step in.
Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum
Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows.
Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains
Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential
.
MRF Support & Resistance levels MRF Limited Overview and Current Market Levels
MRF Limited, India's largest tyre manufacturer, is a renowned multinational with a diverse product portfolio that includes tyres, tubes, conveyor belts, paints, and toys. It is recognized globally for its innovation and high-quality products, with a strong market presence both in India and internationally
Current Market Levels and Technical Outlook
As of mid-December 2024, MRF's stock price is trading near ₹133,235. Immediate support levels are identified at ₹125,864 and ₹121,093. On the resistance side, the key levels to watch are ₹133,803 and ₹136,971. If the stock breaks below its immediate support, a sharp decline towards ₹117,925 could occur. Conversely, a breakout above ₹136,971 could push the stock towards its 52-week high of ₹151,445
RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels:
Support Levels:
Primary Support: ₹1,249
Secondary Support: ₹1,227
Tertiary Support: ₹1,214
Resistance Levels:
Primary Resistance: ₹1,285
Secondary Resistance: ₹1,298
Tertiary Resistance: ₹1,321
Key Highlights:
Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail.
In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
BANKNIFTY Support & Resistance levels Current Analysis for Bank Nifty (NSEBANK)
As of December 15, 2024, the Bank Nifty index reflects the performance of major banking stocks listed on the NSE and is closely tracked for market sentiment and trading opportunities.
Key Levels
Current Price: ₹53,583.80
Support Levels:
S1: ₹52,680.90
S2: ₹51,778.00
S3: ₹51,291.45
Resistance Levels:
R1: ₹54,070.35
R2: ₹54,556.90
R3: ₹55,459.80
PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.