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Chart7: RBL bank is looking good for the targets of 330/400 plusNSE:RBLBANK Trading Idea: Positional/Short term/Swing traders can enter too for short term gains Reason Behind Call: RBL bank is at demand zone . Chart is looking good for good rally in coming days. Chart Pattern: Price Action Targets: 330/400 Plus Stop Loss: 200 on Daily Closing Basis Holding Period: 3 to 6 months DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
NSE:RBLBANKLong
by trader_karthik
F&O data analysis & Nifty strategy for 16th April weekly expiryIn our previous post we had highlighted the importance of 8986-9027 level. That level is still being respected. Nifty has closed in the said range at 8993. Let’s see what data has to say for the expiry week 16th April 2020. FIIs sold 8.46K contracts worth 474.69 Cr. FIIs booked profits and squared off 7489 Long Contracts and they added just 979 Short contracts. Retail Clients added 5507 Long contracts and exited 11312 contracts from Short position. Pro traders squared off 2226 Long contracts and added 4181 Short contracts. ------------------------------------------------------------------------------------------------------------------------------------------------ Option Data Analysis On the Call option front FIIs bought 7318 Long Contracts and added 6010 Call Short Position. Retail traders were again active in Call Options adding 1.06 Lakhs Long contracts and adding 89.3K Short contracts. Pro traders bought 21.6K Call Long and also created fresh 40.50K Short Contracts. ------------------------------------------------------------------------------------------------------------------------------------------------ On the Put Option front, FIIs bought 8565 Put Long contracts and also added 5466 Put Short contracts. Retail traders added 93.7K Put Long and created 85.2K Put Short contracts. Pro traders have bought 23.9K Put Contracts and added 35.5K Put Short Contracts. Prima facie, it looks like Retail traders are expecting a big move, although, are not sure in which direction. FIIs are still playing it light and Pro traders are playing for a range bound movement. The broader range is 8500-9500. However, considering Tuesday is a holiday and looking at the activity there is a strong probability of expiry between 8788 on the lower side & 9185-9233 levels on the upper side. So that's our view. Aggressive traders may consider the following strategy Sell Nifty 8800 Put option 16 April expiry Price range: 100-120 & simultaneously Sell Nifty 9200 Put option 16 April Price range : 90-100 The strategy will have maximum profit potential of Rs 14250 – Rs 16500/- In built loss protection for a fall up to 8610-8580 or for a rise up to 9390-9420 in Nifty levels on 16th April 2020. Tomorrow being a holiday Will update further in this thread on Wednesday morning. Keep watching... Do hit the Like button and comment below Take care & safe trading…!!!
NSE:NIFTY
by indiamarketoutlook
10
NMDC: Likely heading towards 89 - 93 levelsNMDC Levels are mentioned in the chart. Alternatively one may consider the following F&O strategy Consider selling NMDC 30 April expiry Put option Strike Price: 80 Lot size: 6000 Recommended selling range: 4.5 - 5 (Closing price 5.2) Time frame: 30th April 2020 Max profit potential Rs 27000 - Rs 30000 till 30th April 2020 The strategy has inbuilt loss protection for a fall in price in Equity up to 75.5 - 75 Take care & safe trading...!!! Do hit the Like button and Follow for more trading ideas...
NSE:NMDCLong
by indiamarketoutlook
2
Stop taking long position on TCS...! reason behind it? The left side to the right, each excess have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal the trend. With TimeCycle analysis, 1st-phase has 43bars and 2nd-phase and 3rd phase till continue. Turn on your eye on volume, it's reducing. Prev. Resistance is at 2194.5 , so seller and profit booking can be seen that time with a TAIL . Short sellers have two points of target, one Control Price target 2117 nearby and prev. strong support at 2051.
NSE:TCSShort
by Trade-Technique
26
MGL: Channel trade set up trading ideaMGL CMP 853 We observe a trade pattern here where the stock traded in a channel earlier (highlighted by red colour). And now we see the stock consolidating again in a replica of previous channel. The idea is to look for buying opportunities near channel bottom, thereby reducing our risk and increasing our reward potential. If we look at the chart on a longer time horizon, since inception The stock has seen a correction of 61.8% retracement from the high and is now consolidating near trend line support. Can the stock look to conquer its lost grounds in coming months... Only time will tell but at current levels the risk:reward ratio looks favorable to go long from long term perspective. Plan your trade accordingly...!!! Take care & safe trading
NSE:MGLLong
by indiamarketoutlook