Nifty: Will Nifty get rejected at blue line again???Nifty
CMP 14250
- Yesterday's close truly reflects the importance of Data Analysis along with Technical Analysis.
- On the options front Retail traders are Net Call Buyers and Net Put Sellers (Bullish)
- FIIS are Net Call and Put buyers (Neutral)
- Proprietary traders are Net Call Sellers and Net Put Buyers (Bearish to sideways)
- Majority of Call sellers would be happy if closing is below 14200 and would not be much bothered even if closes at 14252
- For majority of Call Buyers to profit, they would want Nifty closing above 14252
This is what data reflected yesterday. ( message in private for more details)
- Our weekly Nifty expiry strategy (updated here and closed in profit) tries to capture the essence of Data analysis along with Technical Analysis.
So don't forget to Follow
Going forward,
- we see Nifty price getting rejected twice from the blue trendline
- if we see the rejection again, chances of Nifty breaking the yellow support line would increase and it may eventually fall up to 14030 and possibly even 13800
One may Consider the following strategy for Nifty
Sell Nifty 28 Jan expiry 14500 Call option around 120
Buy Nifty 28 Jan expiry 14700 Call option around 58
The strategy has max profit potential of Rs 4650/-per lot giving a yield potential of 13% till 28 Jan 2021
In built Loss protection for a rise in price up to 14562 till 28 Jan 2021
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
Tradingideas
LIC HSG FIN: Chart set up & trading strategyLIC HSG FIN
CMP 403.20
- The stock is running in to a series of potential line of resistance around 404 / 418 / 424 / 439
Given the chart set up
One may consider selling LIC HSG FIN 440 Call Option for Jan 28 expiry
Lot size 2000
CMP 7.1
Max profit potential Rs 14200/- per lot. Yield potential of 8.5% on Margin Capital
Risk cover for a rise in price up to 447.10 till expiry
Take care & safe trading...!!!
Follow for more such ideas
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
Nifty: Kya lagta hai... ...Naya High Marega... Follow UpNifty
Back in August, 04th August 2020, to be precise, we had put forth this scenario that Nifty could potentially make new highs in the next 6 months... . At that point it seemed crazy, ridiculous, impossible, but come November, we are in the 4th month and here we are, Nifty at a new high...
This is what we had said back then...
by trading above 10551 for a month now, as I see it, the structure seems to have changed... The new structures seems to suggest that Nifty might be heading towards 14200 odd levels in possibly next 6 months
Yes that's what we said in August, when no one thought it could be a possibility... but Technical Analysis and historical price behavior helped us envision this scenario way ahead...
You can read full detail analysis, here, in the link below....
View posted on 04th August 2020
If you remember, Nifty recently made a low of 11535 on 30th October, 2020...
The importance of 11535 is highlighted in our article posted on 18th September
That's what Technical Analysis can do for YOU...
If you have read the above 2 articles, you would understand, why doing your homework (analyzing before trading) is critical to improving your chances of winning trades... and staying ahead of the curve!!!
Remember my Lines...
No can time the Market... but when time comes one can surely make the most of it...
Cheers & Happy Learning...!!!
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
Tata Motors BreakoutTata Motors CMP trend is visibly showing higher highs and lower lows for past few months. Lows have significantly increased for minimum RSI and demand volume has increased considerably. Next Breakout is expected in a month when Tata Motors breaches 153 price level of resistance. Trend is expected to continue post this breakout as next level of resistance is the price band of 190-200.
INVESTMENT IDEA on SUNPHARMA | Rising Parallel ChannelStrong and HIGH PROBABILITY BUY SETUP on Sun Pharma. Currently in the best price zone to buy (510-500). Target: 562, 580
Time duration: HOLD for at least a month. Expected ROI 11-16%
The factors supporting our view are as follows:
1. Price is sitting just above the parallel channel's support trend line
2. Price is sitting just above an important psychological price level of 500
3. Price is sitting just above an important demand zone (495-505)
LIKE AND SHARE if you like our investment idea. Do let us know your opinions and suggestions in the comment section below.
Trading Experience: 2.5 YEARS
NOTE: The above mentioned view is our personal view. We are NOT SEBI registered. You are solely responsible for any losses that you might incur from our signals.
Triangle Chart Patterns , Descending Chart PatternDescending chart pattern is a type of Triangle chart patterns . Descending chart pattern is formed when price is taking a support and forming continuous lower heights. Adequate buy or short area would be after the price gives a breakout . Descending pattern you can short or buy as well . Wait for the price to give a breakout and enter in which ever direction the breakout is given .
Please Share , Follow and Like if this content was useful and you gained some knowledge.
Chart Pattern , Rising Wedge Pattern , Trading strategyThe Rising Wedge is a Continuous chart bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias.
This is just a example of a rising wedge not giving a idea about buying or selling a stock.
BUY signal CESC , Rectangle pattern , Trading is all about skill will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Nifty: Chart setup & strategy for 09 July expiry weekNifty
Closing Price 10607
- important support at 10513 - 10485
- important level on the upside 10658 - 10686
With Result season expected to kick-start from 09th July 2020, we might be confined in a range till then between blue trend line & red trend line.
Given the setup, on any dips in Nifty,
consider selling Nifty 09 July expiry 10450 Put option around (73-82 range would be considered by me as ideal sell range)
Take care & safe trading...!!!
Further updates during Market hours.... So keep watching
Discliamer:
- The view expressed here is my personal view
- 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
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
GOLD!!!About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
Bullish view on JSWSTEELStrong rejection is seen from 189 level indicating resistance at the upper range of consolidation. Also the chart pattern under formation is Rectangle.
Rectangle is a continuation pattern so the positions can be initiated once price breaks and sustains above 189.
Target after breakout will be 204 and 216. Stoploss can be maintained below 162
HUL: Chart view & Strategy for HULHUL
CMP 2140
Resistance at 2200-2265
Target for the current setup 1928 / 1655
One may look to deploy the following strategy
Consider Selling HUL 30 April Call Option
Lot size: 300
Strike Price: 2240
Last closing Price : 122.25
Any price in the range of 110-125 may be considered to go short on Call option.
Max profit potential in strategy : Rs 33000/- - Rs 37500/- per lot.
The chart pattern gets invalidated if HUL goes above 2265 in Cash market, however the strategy will have an inbuilt protection for a rise in stock up to 2350-2365 giving you a better risk management control over your trade.
Will update further when market opens
You can add your Comments below...
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Hit the Like button and Follow... :-)
Take care & safe trading
DLF : Chart set up and Strategy for DLFDLF
CMP 148.50
The zone of 168-177 may not be easy to cross and it may act as a resistance zone.
Given the view
one may Consider the following strategy
Consider Selling DLF 30 April 2020 expiry
Call option
Strike Price: 160
CMP: 10.50
Lot size: 3300
The strategy has a maximum profit potential of Rs 34650/- (Profit potential of 22.5% on Margin amount)
Loss in strategy only if DLF closes above 170.50 on 30 April 2020.
(Inbuilt loss protection of Rs 74250)
Take care & safe trading...!!!
Do hit the like button and comment below...!!!
ICICI Bank: Short strangle Trading StrategyICICI Bank
CMP 332
Consider a Short strangle strategy in ICIC Bank
Consider selling ICICI Bank 30 April 2020 expiry
380 Call option
Lot size 1375
CMP 24
& also sell
280 Put Option
CMP 23
Max profit potential in the strategy: Rs 64,625 (if ICICI Bank in Cash market closes any where between 280 - 380 on 30 April 2020)
In built loss protection in strategy - Losses only if ICICI Bank falls & closes below 233 or goes up and closes above 427 on 30 April 2020
Take care & safe trading...!!!
L&T: Buy for Medium to Long term & Strategy for Short termL&T
Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels.
Levels are mentioned in the chart.
Alternatively for a short term trading idea one may also consider the following strategy for L&T
Consider selling L&T 30 April 2020 Put Option
Lot size :375
Strike Price: 740
Sell Price: Between 35 - 40
Max profit in the strategy Rs 13125 - 15000
Time frame: till 30th April 2020
The strategy has an in built protection against loss for a fall in price in L&T up to 705 - 700 levels till 30th April 2020.
It's your hard earned money that you are trading with...
Do take care of it...!!!
Happy & safe trading...!!!
Bharti Airtel: Like a Phoenix rising Bharti Airtel
CMP 540
Telecom sector had been out of flavor for a long time now.
However the current chart pattern reflects things have changed and possibly changed for the good. Bharti Airtel has now broken above the parallel channel after 12 long years.
Could this be a signal that the worst is over...
Only time will tell.
But the current setup suggests any dips especially towards 510-485 levels is a good entry opportunity in the stock and the target for current set up comes around 786-820 levels
Take care & safe trading...!!!