JKoptions

JKoptions

As per warning sign on previous post it has validated a bearish sign due to price action on Friday and also DOW has gave a runaway gap on bearish side. This increase the risk of breaking support 15450-15500. Always be aware that only close below 15450, then only it’s the first reversal point of the bull run till now and 15250 could be next support. As per chart it...

JKoptions

Till now view was bullish but today it is starting to give a challenge to bulls. Today's low is crucial if breaks tomorrow or Monday things may start getting bad. 15500 is undoubtedly a good support but still advisable to take out majority of longs if today's low breaks or atleast take a hedge position. We will again get a chance to get long. Trade as per the...

JKoptions

View is still positive as per previous posts. 15600 still showing as crucial support. Nothing much has changed in terms of support or trendlines. Shorting put options or best short straddles maybe a good option as it is expected to be sideways but better look for new long setups on a breakout above 15900. After 15900 breakout it would be long trade only, not...

JKoptions

After a shake out as per my previous post Nifty has resumed the up trend. But this time its seems the speed of upmove may get reduced unless 15900 breaks by Monday or Tuesday max. Keep a stop loss of 15600 below on EOD close basis for very short term trades and below 15500 EOd close advisable to take out all long positions. Trade as per the risk appetite, Spreads...

JKoptions

Today was a profit booking session that happened. 15800 there was huge call option open interest which probably have gave pressure for a small down move. Main point is 15600 did not break on closing basis even on a one hour candle and still its fine on chart perspective. Keep 15600 as stop loss preferably on a close basis in one hour chart and 15500 as final stop...

JKoptions

Trend is still up as per previous post. Trail stop loss to 15660 for very short term and below 15600 its advisable to take out most of the long positions. Risk of a short term fall is slowly increasing so alertness is required. 15900 - 16000 will be a good resistance for current expiry. Trade as per the risk appetite, Spreads are much better to trade as risk is...

JKoptions

Price is moving as planned itself, please look into my previous posts. For very short term keep 15600 as stop loss for uptrend and 15500 as stop loss for majority of the long trades. I assume better take profits if gone below 15500 and wait for next opportunity. Overall the trend is positive, there is no confusion for that so avoid shorts. 15900 - 16400 - 17200 ...

JKoptions

Market is trending as per previous post. 15450 should be kept as the stop loss in a short term for the long trades. There is a good chance that tomorrow expiry will be around 15600 levels. Shorting monthly options of strike prices below 15300 will be advisable. Trade as per the risk appetite, Spreads are much better to trade as risk is defined Disclaimer - This...

JKoptions

On a weekly chart there is a flag and pole pattern forming from 11500 making a high around 15400 and then there was a sideways range from Mar to May mid. On a break out of 15000 around mid may it has opened a window to 19000 as previous pole measured is around 4000 (15400-11500). Target of 19000 should touch around October-November i.e Diwali time. Stop loss for...

JKoptions

Price is moving as per previous post. Although, target is 16000+ , nifty is around resistance area so being a little cautious is not harmful. Keep a stop loss around 15300, below which it is advisable to squareoff long positions and wait for a breakout. There is a good chance 15500 will break on 31 May and close above it, if happens then probability to touch 16000...

JKoptions

Price is moving as per previous view. 15150 is the trailed stop loss for now, unless it breaks there is no reason to get out of longs. Today's close is also very good , there could be pressure tomorrow due to expiry but no need to worry unless 15150 breaks. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking...

JKoptions

Trend is intact as per last view. Raise the stop loss to around 15100 and advisable to keep long positions. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

JKoptions

The trend is intact as per previous post. For a short term basis keep a stop loss on 15050 and the last one is 14900. Below 14900 only the trend reverses, till that time advisable to keep the bias as bullish atleast till 16000 levels. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

JKoptions

Price is reacting as per previous post. Todays close above 15150 both on a daily and weekly front has kept the chart in a healthy situation. If Monday price crosses todays high then the probability to go till 16000 increases. Only now the situation can reverse if it goes below 14900. Advisable to stay long and even can be little aggressive too as per risk...

JKoptions

Do not go long till 45000 atleast is crossed, the fall was too severe and it may again come to the lows. Weekly RSI is slipping below 50 and indicators overall is on a bearish stand. Advisable to stay out atleast till 45000 crosses. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

JKoptions

It is moving as per yesterday post. Unless 14885 breaks tomorrow it can turn bullish. If it goes below 14885 then it may touch 14750 so better square off any longs if it happens or keep it till breaks 14750. Ideally 21 May should be a bullish day. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

JKoptions

There is a chance to touch 14900-14950 range before a bull run. On a worse condition it may touch 14750. Below 14750 all bullish view will get negated and advisable not to hold any longs. Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

JKoptions

Market moving as per my yesterday post. Crossing 15150 will open the range to directly touch 15800-16000. There could be still potential to touch 14950 and even 14750 on worst case now. Selling options of strike prices below 14600 will be advisable if any to be taken now (very risky keep it light if any as stop loss is 14750 ) So adjustments will be required....