Get started

Yearend

Be cautious as year-end,month-expiry&weekly expiry are coming..I hope the year ends on a high. We saw a lot of volatile expiries at NIFTY50. But this is going to be the last one of the year and the month we can expect volatility again. Looking at the chart, we can see that the all-time high for the Nifty50 was set on October 19th, and a clear downward trend was created when the price touched the trend line. There was clear rejection, and the price came down, creating a channel. Now the price is nearing the trend line. Let's see if it going to reject or if trends reverse from here. The Nifty50 is trading at 17230. 17200 and 17300 are expected to act as resistance. In terms of price action, this is also an important level; if it is broken with strength, we may see an upside moment. As long as the price does not exceed the 16800 to 17300 range, we will consider selling options with a good premium at those levels. Currently, I have 16800PE and 17500CE. Let's see how this week ends; if the 17300 level breaks, I'll keep my put side up and hope the 17500 level doesn't break; if it does, I hope I will be able to manage the position exit with profit.
NSE:NIFTY
by Manuadarsh
Consolidating Expiry! Option sellers adore consolidation.Still, there is intraday volatility. The market teaches us to adjust our positions based on intraday volatility, What we've seen in the last few expiries *It is good to see the nifty close above 17050. But looking at the chart, the weakness is still there. I will make a decision after watching the 17150 to 17300 range, because the 17200–17250 range acts as a support many times keep an eye on it. NIFTY opened with a gap up, but still, resistance is respecting what we can see. My weekly option selling - 17200 CE, 17150 CE, and 16850 PE, at last, 17000 PE made a good profit this week. We have one more expiry left. Let's see how December is going to end. I hope everyone is having a great year-end.
NSE:NIFTY
by Manuadarsh
NIFTY WEEKLY ANALYSISEven though there is heavy liquidity in the market and that has been driving the markets significantly higher over the last year. Nifty has rallied over 100% since the low of March 2020. A lot of investors have made way more than average returns on their investment in this dream run. Those investors would like to retrieve their amazing returns to make use of the profits (what is the point of making money if you can't use it, right?). FIIs have also been selling heavily in the last month on account of the heavy overvaluation in the Indian Markets. Yet, even accounting for the sell off, the market has not gone down significantly. There was fear of a lockdown in Maharashtra which triggered Monday's large sell off. This has offered investors a good lower level for buying into the market again. With large buying observed yesterday, it is very likely that the market is ready to move back towards the all time high levels. Technically as well, there is a flag and pole pattern observed on the weekly charts, which is a bullish pattern. A breakout above the top trendline will likely enable to market to make fresh all time highs above 15,400. The dip has offered a great entry point for building long term portfolios with a lot of stocks correcting more than 10%, especially the financials. ALthough FIIs have been selling, DIIs have been net buyers for the entire period where Nifty is declining. DII activity is a good indicator of the long term expectation of the market. The coming week may see a fresh uptrend emerge with companies announcing their FY 2020-21 earnings in April.
NSE:NIFTYLong
by ArcherDAVIS