Prem_Agrawal

Prem_Agrawal Updated 

Short 3150PE if it manages to stay above 3200 Level as HIghest OI can be seen there it is Strong Resistance If DR REDDY manages to break that Resistance and if significant Put Writing would be seen their it will become a Support Then go short on 3150PE with SL = 6 and Target would be near 3250 This Short will be risky and RR ratio may not be good here As Max...

Prem_Agrawal Updated 

Short Naked Call Short 12150CE @ 49.75 Short 12200CE @ 30.85 Short 12250CE @ 17.87 Short 12300CE @ 9.65 Bear Put Spread Short 12200PE @ 108.7 Long 12000PE @ 26.675 Net Premium = 189.975 SL = 10 Max Loss = 10 * 75 * 6 = 4500 Max Profit = 14248.125 Max Pain of Nifty still stands at 12200 Strike High Call Writing Can be spotted on...

Prem_Agrawal Updated 

Short NIITTECH NIITTECH Max Pain is at 1660 Strike Currently, 1920 Strike is ATM Long Shadow of the Previous Bullish Candle shows rejection from Bears Inside Bar Candle formation took place Go SHORT on NIITTECH if the Low of Previous Bullish Candle is broken RSI is in Overbought Zone Earning will be announced in 4 Days that is on 29 JAN If Streets...

Prem_Agrawal Updated 

The Adjusted Closing price is 12248.25 which is shown on the Daily Charts but on the lower timeframe charts Closing Price is 12252.15 Markets have managed to close above 12250 Level which is a Bullish Sign Markets may revolve around 12250 zones to Test the Strength of its Support & Resistance, Fibonacci S&R nearest to this zone is 12242.79 Fibonacci Resistance is...

Prem_Agrawal Updated 

Asian Paints is not showing any sign of any Big Move on Monday Long Bullish Engulfing Candle can be spotted on Lower time frame charts Markets have managed to close above Pivot Resistance zone in Lower time frame charts which shows opening may be a gap up directly facing resistance at 1800 Level and tumbling from there 1800 is Strong Resistance with Highest...

Prem_Agrawal Updated 

LICHSGFIN Max Pain point is at 440 Strike Currently Market is trading at 470 ATM We may witness a wild downfall in LICHSGFIN soon so if you are going LONG stay cautious and Trail your SL Happy Trading...

Prem_Agrawal Updated 

Charts are showing Downmove but 12100 is important Support, Nifty is also somewhat supported by Linear Regressions Trendline So it will be tough for Nifty to break the 12100 Support level as Open Interest on Put Side is huge, but as Call Writers are heavy on 12100 and OI is also huge Our Strategy for today would be, again going Short Short 12200 CE - 1...

Prem_Agrawal Updated 

Markets are showing further down move but it won't be a rally rather it will be a range-bound movement 5 Min charts show a possible breakdown which may go up to 12100 level I believe Markets will expire today at 12100 Strike So most probably 12100 will be our ATM Strike Straddle At 12100 Strike CE Premium = 98 PE Premium = 18.32 Strangle At 12200 CE...

Prem_Agrawal Updated 

Apply a combination of Straddle and Strangle in Nifty 50 for Tomorrow as a range based movement is going on in Nifty because of Nervousness amid Budget Heavy Put OI is at 12350, 12300, 12200 Strike Heavy Call OI is at 12400, 12500 Strike Short Strangle : Short PE of 12300 Strike Delta = - 0.36 Premium = 38.1 Short CE of 12400 Strike Delta = 0.39...

Prem_Agrawal Updated 

Long Naked Put of Strike 1620 Premium Paid 51.25 1 Lot Premium = 25,625 The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move RSI is also in Overbought zone Daily Time frame shows Pivot Resistance Happy Trading...

Prem_Agrawal Updated 

Strangle will be by Selling 12400 CE and Selling 12300 PE The premium for 12400 CE = 11.35 Delta of 12400 CE = -0.24 The premium for 12300 PE = 15.1 Delta of 12300 PE = 0.30 Net Credit = 26.45 Overall Delta = 0.06 Net premium received = 1983.75 A Hanging Man candlestick pattern can be spotted on Chart which would have been a Doji if the price difference between...

Prem_Agrawal Updated 

Apply a Short Strangle in Nifty by Selling 1 Lot PE of 12200 Strike and CE of 12500 Strike PE Premium is 8.97 CE Premium is 5.75 Net Credit = 14.72 * 75 = 1,106

Prem_Agrawal Updated 

Apply Long Straddle in VEDL as high delivery is seen in NSE Reports as traders are expecting a dividend declaration of 10% but Charts are showing a Downmove Option Chain Data suggest Strong Resistance at 150 level and Support is at 140 level but on 1-minute charts, closing has taken place with a Hammer Candlestick which has also Penetrated psychological Resistance...

Prem_Agrawal

MACD, PSAR are other indicators are showing signs of Upmove as little recovery from its Low of 11974.35 is seen but the immediate Resistance is at 12000 levels and 11977 is 50 EMA level so it will act as strong support and the risk involved is high in this trade so I won't suggest this trade if you cannot have good stop loss.

Prem_Agrawal Updated 

Go long on Nifty as the sentiment of Bullish have changed and they are now trying to take control of the market as three consistent Green Candles with Gap Ups have been spotted, MACD is also about to give a Crossover as the MACD line is forming a Curve towards the upside. Option Chain Data suggests Very Heavy Call, as well as Put writing at 12100 levels which may...

Prem_Agrawal Updated 

Balkrishna Industries is in Overbought zone and RSI is also showing bearish Divergence MACD's signal line is also forming a bearish curve and may show a crossover soon Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move A Bearish Engulfing pattern has been formed which shows Bears are...

Prem_Agrawal Updated 

Short Bank of Baroda as a Bearish Belt Hold Pattern has been formed which signals a downtrend MACD is also showing a correction RSI is well above 30 zones meaning that its still not Oversold and we may see a Pull-Back Soon 103 is an important Fib Resistance level and there is heavy Call Writing in OC at 100,105,110 levels so they will act as very strong...

Prem_Agrawal Updated 

Sun Pharma may show further downside as Bears have successfully fooled Bulls and may pull it downward The triangle is about to get penetrated and I think it will be penetrated through a down move Although the closing is near to its Fib Support level of 428.25 Bears may drag it downwards As it's very close to its Fib Support level it's very much important to...