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Nifty: Important levels for trade day 13 April 2023We are looking at hourly chart of Nifty. Result season has officially begun with TCS results out Let’s see what Data is telling us… Index Futures Retail traders squared off 7099 Long positions and added 10005 Short Contracts FIIs added 7717 Long contracts and squared off 11004 Short Positions Pro traders added 3776 Long contracts and squared off 1589 Short contracts Index Call Option Retail traders added 2.55 Lakh Call Long contracts and also added 2.59 Lakh Call Short Contracts FIIs added 57.86 K Call Long contracts and added 78.23 K Call Short Positions Pro traders added 1.30 Lakh Call Long contracts and added 1.06 Lakh Call Short contracts Index Put Option Retail traders added 6.43 Lakh Put Long contracts and added 5.29 Lakh Put Short Contracts FIIs added 1.22 Lakh Put Long contracts and added 1.12 Lakh Put Short Positions Pro traders added 1.95 Lakh Put Long contracts and added 3.20 Lakh Call Short contracts Given the chart set up and Data inputs Important levels on Nifty spot for 13th April 2023 Important levels on the upside 17839 / 17872 / 17911 Important level on the downside 17743 / 17712 / 17678 In Nifty Futures, 17833 is key for Nifty Futures. Below that next level on Futures is 17766 Take care & safe trading..!!!
NSE:NIFTY
by indiamarketoutlook
Nifty: At 20 day and 50 day EMA.... Stay Alert!!!Nifty is at crucial resistance level. This could be make or break levels for Nifty... Sustaining above could open doors for 18200 odd levels... Unable to sustain might take it down back to 16800 odd levels. Be cautious and Stay alert. Note: This is not for intraday. The range is for the Feb month 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:NIFTY
by indiamarketoutlook
IOC: Chart set up, Result, Dividend and important levelsIOC Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132 The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term Above 142, Doors would open up further for target of 166 / 172 in Longer term 200 day EMA support is at 114 odd levels Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement. 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:IOCLong
by indiamarketoutlook
Nifty: Aim for the best... Plan for the worstNifty In my previous post, it was suggested that I would prefer not to Short Nifty at current levels of 17280, but I would not prefer to buy Call options as well. For most part of the last 3 days, it traded in the red gap zone channel, virtually eating away premium of all the Options of 16 Dec expiry. Our strategy: In the previous post, 2 levels for Nifty were highlighted in bold -17222 / 17180 We planned our trade taking in to consideration that these 2 levels could be seen and accordingly What we had done : On 14 Dec we shorted 30 Dec expiry 16800 Put option at 88 with the understanding that Nifty might come down to 17180 odd levels. We were prepared to see that level provided that level is being held. On 15th Dec Nifty closed at 17221.40 and Nifty 30 Dec 16800 Put Option closed at 87.60 (Nifty was down 60 points, yet Option was still at our Sell Price) On 16 Dec, Nifty made a low of 17184 (just 4 points adrift of another level highlighted 17180 levels, yet 16800 Put option managed to make a high of just 77 - again keeping us in profit). The option price traded between 50 and 60 yesterday and even today in the morning. Now with the advantage of hindsight any one can claim that, the strategy worked well and gave ample of opportunity to book profits at the best price of the day. 😉 That's the easy part... But I'm not going to focus on that, as trading is a different ball game altogether. In my trading style, I prefer to wait for either my target being hit or if market breaches important levels to tell me that the view has been invalidated. Today when Nifty eventually broke below 17180 odd levels and was sustaining below that, it was an indication from market, that the view has been invalidated and we exited when Nifty was around 17150. Yeah that's the truth. But Guess the Option price... it was still around 80. Managed to come out unharmed with small profit, despite Nifty being 130 points down against the view. Again there are no regrets for the ifs and buts. It's part and parcel of the trade. I accept that part and move on... Technical Analysis helped us identify important levels and our trading strategy helped us to manage the situation. In any relationship, some sort of flexibility and freedom goes a long way to keep the relation healthy.... Use the same logic in trading too. Don't focus on making profits rather Focus on managing situations... If you can manage your situation well, you increase your chances drastically to stay profitable Aim for the best.... Plan for the worst... Trust the logic makes sense ...!!! 🙂 Best wishes & happy trading...!!! Like & Follow
NSE:NIFTY
by indiamarketoutlook
Technical Analysis & Trading- No confusion... gr8 combination 😀Nifty In morning when Nifty was trading well above 17600, this is what we had posted... We warned about possible downside based on simple understanding of Gaps... We did not get carried away with the positive momentum but simply went with what Technical Analysis indicated us. And boy oh boy... it did not disappoint us at all...😀 It gave us clarity to book profits in our Long position that we had taken earlier... and also gave us confidence to short at the higher levels. We shorted in morning when Nifty Spot was at 17617 and covered our position when it was at around 17450. A good swing opportunity captured with the help of Technical Analysis. No confusion.... great combination... 🙂 Happy trading...!!!🙂 Still need reasons to follow...!!! To trade with me... Direct Message me
NSE:NIFTY
by indiamarketoutlook
4
Nifty: 3rd Gap up opening. Would it lead to exhaustion in rally?Nifty In our previous post we had indicated a bullish stance based on the chart set up.... Accordingly we had shorted Nifty 17000 Put option for 30 Dec expiry around 100. Today we see Nifty opening with a big gap up and that chart set up analysis did helped us. We have duly booked profits in our trade. The current set up makes us feel... It's time to be cautious..!! 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:NIFTYShort
by indiamarketoutlook
Bata: Kadam kadam badhaye jaBata Observations: - higher top higher bottom since April 2021 - Cup and handle formation The stock has a Cup & Handle target potential of around 2120, however it should be noted that sustaining above 1895 could also lead to fresh breakout into uncharted territory with further potential of even 2600 odd levels. Multiple support around 1780 odd levels and 1687 level. Risk :: Reward ratio looks good. On dips can be a good addition. Keep a close eye on the stock. Take care & safe trading....!!!
NSE:BATAINDIA
by indiamarketoutlook
ONGC: Monthly Breakout... Would it break free???ONGC - the stock looks good especially on any dips - The stock has given a breakout on monthly chart (Breakout zone 115-118) - Short term Target 150 / 157 / 169 - Medium term target 196 / 212 Please note we do have a positive bias in the stock since November 05, 2020 when the stock was at 67 odd levels and we had given a buy for a target of 114. Our view on 22 Dec, when the price was 90, we had again reiterated a buy June 2, 2021, when the price was 118 we had a buy call for a Cup and handle target of 128 August 11 and Aug 30, 2021, again a buy was recommended ( once it triggered a SL and next time it hit the target) We have a history in recent times and our view may be influenced. Also our cost of acquisition is much much lower. So Please do your due diligence especially if you are considering ONGC for the 1st time at current levels. Take care & safe trading...!!! Like & 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
NSE:ONGCLong
by indiamarketoutlook
2
Nifty: Is Nifty shifting gearsNifty CMP 17308 - Nifty is still going up - however we see Nifty is struggling to keep up with the pace - From 30 March 2020, we observe Nifty trading in blue channel - however since 30 March 2021 exactly after 1 year, we see Nifty struggling to stay in blue channel and subsequently it came to the midpoint of yellow channel - currently it is at the crossroads and it looks likely it might shift to the yellow channel - the set up has potential target of 16800 over a few weeks Given the set up one may consider to sell 30 Sept expiry 17500 Call option around 100 The strategy has a yield potential of 6.5% approximately and provides in built loss protection for a rise up to 17600 till expiry 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:NIFTYShort
by indiamarketoutlook
4
Nifty: Would it continue or are the legs getting tired???Nifty On rise, one may look to sell Nifty. T1 and T2 are highlighted in charts SL one may keep a SL at 17442 for Nifty 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:NIFTYShort
by indiamarketoutlook
2