Last week saw the NIFTY make a range of close to 615 points and one could see strong buying interest near 17200 levels and absence of any buyer intention above 17560 zone. For today and the current week, if we work with the assumption of a range bound market, we may find trading at the boundaries expecting a reversal to be a successful strategy. The index can fall...
Nifty 4hr has formed trend continues pattern that is raising wedge pattern as per technical it may take retest and give fall further , at the same time in rare case it may form ascending or falling wedge and give up side break because it has give trend line break.
Banknifty Levels for Tomorrow..
Trend : Bearish
Sentiment : Negative
Expectation : Bearishly Aligned but Rangebound / Volatile day
Expecting Banknifty to Open Small Gap Down / Sideways Open any support near 34600 level we can look for Long Opportunity. Being an expiry day wait for 1st half to identify the trend and then take your trade around 1:30 Pm
Buy above...
Nifty opened with a small gap-up around 16200, we saw a morning high around 16233 and got a good fall from upper Levels.
Tomorrow, if the Nifty breaks 15990 on the downside, we expect to see a further downmove but book your profits quick as we may see expiry volatality.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 16120
Sell Below -...
We are up to the first week of March expiry. Last month we saw such crazy movements as gap up opening and gap down opening. As an option seller, it was really a roller coaster ride, but it could end with green last month. We all learn how to trade in such crazy movements. Looking at the chart, the uncertainty is still there. Any news can drive the market. VIX in...
How crazy is this., Last Friday was the worst day since the last 10 months and today is the best day since the last 12 months. This volatile and continued type of movement kills non-directional option sellers. Looking at the chart, the global weakness, the market opened lower and kept moving down. We all know the 16850 level has been respected multiple times....
Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the...
Well, we can skip the gap up fear. It's nice to see such a peaceful volatile expiry today between 17350 and 17150. The bottom side was beautifully respected, 17000 till now. We can say the market respects price action as well. From here, the nifty will either consolidate or break imp levels. My eyes will When FIIs start to support the market, After the US...
We might see a pull back to 38900-39100 before Weekly Expiry of 18th Nov, If It survives downside support levels of 38100-37900..
Might get a Jackpot trade on Expiry if we get a sideways market on Wednesday..
On hourly chart it's clearly visible a symmetrical triangle formation in BANKNIFTY spot price. Closing above 36800 on hourly basis may bring the range 37000-37300 plus by next weekly expiry on 02/09/2021. Stop loss will be 35500 on hourly closing basis. Due to high volatility and relative weakness in banknifty one must be proactive and alert while initiating fresh...
Following trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the...
As so you see in the chart, that 14550 is a strong Resistance.
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In the morning Nifty try to break but failed. But in the last 1 hour Nifty Break that point and goes up.
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So for Tomorrow there is simple Strategy.
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If Nifty give normal opening, we will 14630 CE.
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If Nifty give gap up we will wait for the correction tilln14292 and then buy on dip.
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If Nifty give...
As you see in the chart,
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Nifty Touch 14875 level two times and then reverse and
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Today same thing is happen. What I observed after reversed in the past Market give gap down Opening.
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So for tomorrow, there is only a simple Strategy.
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If Nifty cross 14875, we will Buy CE.
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If Nifty goes below 14700, we will buy PE.
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In Gap up or Gap down Opening we will wait...
As you see, there is down Trend is made in Nifty chart.
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There is a support on 14630 if it's Nifty can goes down.
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Nifty is weak today, tomorrow it also can be,
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Tomorrow is weekly expiry.
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Buy PE on Upside once it's break 14630, You can make a good profit.
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You can give your suggestions in comment box.
