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Tatamotors

Nifty is Swinging in a highly volatile manner!NIFTY 50 EOD ANALYSIS -10-08-21 IN SUMMARY Open / High / Low / Close 16327.3 / 16338.75 / 16162.55 / 16282.25.10 Trading Range Low to High: 176 points Likely Max Realistic Opportunity @ 50%: 88 points India VIX: 12.71 / 0.0% FII DII activities: +444 Crores CHART BASED CONCLUSIONS Nifty made a lower high and a lower low. Nifty ended almost flat after all the drama that took place during the day. Although the close is flat, the candle formed on the daily chart is a hammer pattern indicating a good bullish sentiment. TOP LOSERS CONTRIBUTING TO NIFTY FALL 5 scrips were responsible for dragging Nifty down by at least 8 points. These were: HDFC BANK ICICI BANK KOTAK BANK HDFC SHREE CEMENTS TOP GAINERS CONTRIBUTING TO NIFTY BEING ABLE TO CLOSE IN GREEN Together these 5 contributed a gain of 9 points: RELIANCE JSW STEEL TATA STEEL BAJAJ FINSERV IOC This clearly explains the reason why Nifty ended flat. POSITIVES Nifty ended above 16250. FII - DII net numbers are positive and both are net buyers for a small amount despite sharp sell-off. RELIANCE stood firm amidst extreme volatility and closed at 2117 after rising in the last half an hour or so. TATA MOTORS made a splendid recovery from a low of 9 points which is almost 3% and that also helped change the sentiment in the auto sector. SBIN ended in the green after the recent sell-off. NEGATIVES 16300++ is a hard level to sustain and looks like RELIANCE also could not take Nifty near 16300 at the close. BANK NIFTY closed below 36000. Leading private banks ended in red and dragged the indices. HDFC BANK closed below 1500. TRADING RANGE FOR W/B 11-8-21 Nifty broad range for the week 16000-16500. As of now, it has not made any significant movement from where one could derive the likely supports and resistances. BANK NIFTY support base at 35200-600 and resistance at 36200-36500. INSIGHT / OBSERVATIONS It was a very volatile day as Nifty fell 176 points from the high and then recovered 120 points making it a a journey of 354 points from the previous close to today;s close. And yet it ended flat. Sector rotation may be ongoing as Nifty falls and the bounces back and charts do not indicate sector rotation unless the sectoral analysis is done as well. Thank you, and Happy Money Making! Umesh 10-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT
Tata Motors: Chart set up & trading strategyTata Motors Observations - the stock has taken a toll exactly from the Line of Resistance (red line) - currently the stock is trading near the green trendline - 280 levels has acted as support on multiple occasions highlighted by green arrow - 335-340 levels has acted as resistance on multiple occasions highlighted by red arrow mark Suggested trading strategy for the given set up Short strangle Strategy This consists of selling both Call and put option simultaneously Sell 29 July expiry 340 Call option around 5.3 & Sell 29 July expiry 280 Put option around 5 Lot size 2850 Max profit potential Rs 29355/- per lot (approximately 11.5% yield potential till 29 July 2021) Loss in strategy if Tata Motors closes below 269.70 or above 350.30 Take care & safe trading...!!!!
NSE:TATAMOTORS
by indiamarketoutlook
Tata Motors: Road Blocks ahead & strategy to deal with itTata Motors Observations - in my previous post, we highlighted the 280-285 zone to act as Support and that is precisely from where we see Tata Motors bouncing back. Isn't it? Levels identified in study on 07 July, works to perfection on 28 July 2021 - Going forward 306 / 316 / 322 may act as potential resistance zone - on the lower side if 280-285 zone is taken out we may see potential doors opening for further fall up to 260 odd levels Given the set up, one may consider selling Tata Motors 26 Aug expiry 330 Call Option between 3.5 - 5 (currently trading at 3.9) At current price max profit potential Rs 11115/- per lot More importantly, the strategy covers risk for a rise in price up to 333.90 till expiry day. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATAMOTORS
by indiamarketoutlook