Forgive me please I am doing hell lot of mistakes in this learning process
Levels Mentioned on Charts
Long at High with Low as SL Short at Low with High as SL
Long Above High with SL as Low Short Below Low with SL as High
Max Pain for Nifty is at 12200, ATM Strike is 12100 Closing is near Fibonacci Support level If Fibonacci is sustained markets may head toward 12200 Level Short 12100PE @ 24.5 Short 12150PE @ 48.65 Short 12200PE @ 86.325 Short 12200CE @ 8.75 Net Premium = 168.225 SL = 10 Max Loss = 10 * 4 * 75 = 3000 Max Profit = 12616.875 RR Ratio = 1 : 4.2 Happy Trading...
Max Pain is at 12100 PCR is 0.75(Neutral) The market is near Fibonacci Support, PCR of ATM Strike is 1.39(Highly Bullish) Change in OI on 12100 CE is very huge which will act as Strong Resistance The market may open lower Near Fibonacci Support and then head toward 12100 Level or Opening may be positive and then it will head towards 12100 Level When markets...
Something is cooking in Banking stocks today, Max Pain for BN is at 31000 Strike PCR is 0.60 ( Neutral ) Bank of Baroda Kotak Bank SBIN UJJIVAN HDFC RBL These all came on my radar just now No analysis done I am just going with Max Pain and my screener. We may see a 200 bps rally within two days as Max Pain and Current ATM have the difference of 200...
Long VEDL if Fibonacci Support is Sustained On 5 Min Charts Support was broken but Trend Line gave Support The market is trying to bounce back If Fibonacci Support is sustained markets may show good up move Max Pain is also at 155 Level VEDL may show bullish move So if Support is sustained, Short 145PE @ 1.075 ( 1 Lot ) Short 150PE @ 2.875 ( 1 Lot )