Manuadarsh

Manuadarsh

Many days of volatility, we can say that the year began with volatility and that it continues, I would say. This Monday, it was b.K. 17400, which was an important fib 0.5 level. Once it is taken out, it is a proper down move. We all know that the importance of the 17000 to 17080 rage is that the rage acted as a support and bounced back again, multiple times, to...

Manuadarsh

It was expected to have a gap up opening, but it opened with a flat and moved down. If you look at the chart, the negative sentiment in IT stocks dragged the NIFTY down. The nifty filled the gap and settled near 17500, and the trend line also broke. Let's see if the profit booking continues or not. If the range breaks more down, expect nifty 17400 and banknifty...

Manuadarsh

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...

Manuadarsh

What a day...! Vix @ 21, a highly volatile day we all expected, exactly after the holiday, the nifty opened with a huge gap down, giving option sellers nightmares. After the gap, it keeps moving down. Look at the chart. It followed the trend line. Then once it broke the trend line, at the same time, Banknifty also took support at 37000, and a quick 1000 point move...

Manuadarsh

Look at the chart and see where we are now and how we started this month. This month started with a positive note and kept moving up and up. It is a clear up trend. It took a nifty 14 days to reach 18350. Just five days to keep the nifty dragged down. We have multiple global news sources to follow the down move. But think about the option sellers who hold long...

Manuadarsh

It is a properly trending market and interesting as an option seller like me has to put so much work into it, not to make money but to protect the capital. That is what option sellers do. Looking at the chart, the Nifty now at a discounted price exactly took support at 17650. It is a major level because 50 EMA is there and a fib line. Let's see how it is going to...

Manuadarsh

Crazy movement will happen right after a consolidation in the way the market behaves. But this kind of movement is the nightmare of an option seller like me. The movement is led by the globe clue. Let's see how the 18000-19950 range acts above 18350. We know the import level to watch. Looking at the chart, there is a gap it filled now and will try to bounce back...

Manuadarsh

It was expected that the Nifty would end this week with crazy movement because of the global clues and the market data, But a gap up, opening and consolidating. It actually respects the 200 to 250 range well. But what's more interesting is that tomorrow we might see some moves. Look at the D candle doji, or hanging man. The important level to watch out for next...

Manuadarsh

Tata managed to close today just above the swing high. Look at the daily chart. The month's high is also respected. Let's see if it's going to sustain or not.

Manuadarsh

M & M made a good move today. From now, I am looking into the major line in M & M above 888. Price action wise, it's a fib 0.5 line. exactly where it faces resistance today look 15m T.F. The month's high is 870.Let's see how it is going to respect the zone.

Manuadarsh

Canara Bank is showing a trend reversal W pattern, with daily T.F volume slightly above average. Let's see if the current day closes above the last swing high. lower T.F consolidation within a 15min range. Let's see if any move from here. The PSU index as well, in the same pattern. SBIN followed the same pattern and closed above. I hope the next Canara bank

Manuadarsh

We are up to the 2nd week of expiry and the nifty is above 18000. On Monday, Nifty opened with a gap up and gave a good up move and closed just above 18,000. Today it sustained the 18000 consolidation between 100 points. It's encouraging to see that more bull runs or breaks below 18,000 are on the way. Because we know there is a lot of data on the way, we can...

Manuadarsh

Looking at the chart in the lower time frame, it gives a good break out from the trend line on December 31st, 680. Give 9.3% up move also powering bank nifty. On a daily chart, it is nearing major resistance as you can see, and also a fib line as well. If that is being broken, we can expect a quick up move again or a drop.  While looking at the overall market...

Manuadarsh

What an expiry today, with interest rate fear taking nifty down. Look at the chart. There was a huge gap between the opening and the consolidation. Looking at the nifty 5 minute chart, there is a strong upward trend, supporting 50 EMA. Every time the Nifty is at the 50EMA,  good buying activity. At one point, it indicated that it was about to cross the 18000...

Manuadarsh

We are close to our first expiry of the year. Looking at the chart, we are witnessing how beautiful the price action is respecting. Looking at the chart at the last expiry, the nifty couldn't have the strength to cross 17250, an onec that is being broken. Now is the time to bring out the nifty shootig. It's getting close to 17800. 17800 is important because it...

Manuadarsh

Power Grid Corp. of India Ltd one of the most active stocks in NIFTY50, from the last few months it continues the up trend and look into the daily chart it clearly respecting the trend line. 28th sep the price action was formed Break out(180) with good volume. It created a new high at (209). After it came back and retested the line it indicated strength (180)...

Manuadarsh

BHEL, a midcap stock, technically formed an interesting price action. Looking at the monthly chart, you can see the rounding bottom. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. If the price action were respectable, we could expect a multi-year break out. I'm hoping that any positive trigger...

Manuadarsh

It is a consolidation expiry. As we discussed, Nifty is in between the ranges. 17200 to 17300, still acting as a resistance. Let's see if there is any upward movement from the channel. My option selling: hey, it's a consolidation option, so sellers make money. The day started with 17050 PE and 17300 CE. I booked 17500CE and 17800 PE with profit. Finally, I sold...