Nifty
17564
If you have been following me,
Nifty has respected most of the levels identified with the help of Technical Analysis
The yellow zone above 18000 has been drawn long back. You can check my previous post
Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing...
Tata Motors
- trading near 200 day EMA
- 50 day EMA around 429
- trend line resistance around 460
- 470 another resistance zone
- Support at 380
Given the set up, strategy for June expiry
Consider selling 480 Call option and 360 Put option
Lot size: 1425
Net incoming: 10.25 approximately
Profit potential Rs 14606 per lot (10%)
Risk if Tata Motors closes...
CMP - 6715
TARGET - 2%
STOPLOSS - 6543 (Trailing)
Naukri.com is an Indian employment website operating in India and Middle East. Naukri.com was founded in March 1997 by Indian businessman Sanjeev Bikhchandani, who started Info Edge Ltd. in 1995.
you can think of buying IOLCP becuase it has strong momentum and can move great heights for a short term, might hover around green line but keep stoploss when price closes below green line, Happy Trading :)
Grandfather , Father , Son is a five star trading strategy.
A good opportunity to enter a trade, daily rsi is at 40 support , weekly and monthly above 60.
if you don't know , you can learn it from youtube.
Infy
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the...
🔰 MY thought process :
⭐The resistance zone of 2600, now is a good buy spot for this stock
⭐Made a good pattern above it
⭐Triangle pattern it was, BO on 1hr given, potential swing trade is ON
⭐Risk and targets are marked :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in...
DLF
Observations
- the stock is currently trading in downward yellow channel
- 20 day EMA at 255
- 50 day EMA around 267
-38.2 Fibonacci retracement of the fall from 332 to 232 comes at 270
Given the important levels
One may consider a Bear call Spread strategy in DLF
It involves selling Call option and buying higher OTM Call option
Sell DLF 27 May...
Nifty
In my yesterday's post I had highlighted the importance of 14460 acting as crucial resistance zone....
Nifty made a high at 14449.05 so far and reversed to give away all the gains....
Technical Analysis is all about identifying levels before hand. Waiting patiently and executing your plans when you see those levels come where risk::reward ratio is...
Reliance
1937
- We see the stock in consolidation mode since November 2020
- 2015-2045 is crucial zone for Reliance on the upper side
- support near Blue line support zone (Currently near 1860) and 1800 odd levels
Given the set up one may consider the following strategy
Consider selling Reliance February 25, 2021 expiry 1750 Put Option (around 35)
&
Sell...
