7-10 percent clear move on charts....
my target would be 480, first and then pyramiding on every 2 perceent rise.
buy one future lot with a married ATM put option.
safe traders can buy Fut_put immediately.
risy ones can buy fut @450 in the morning and 450 put by around 1300hrs
good luck !!
CMP 31722 on 24 Apr 21
since it is the last week of expiry and as a matter of fact that NSE:BANKNIFTY tried to break its one month trendline, we can see some bounce back cominh in the market next week.
so, for shorters , i see 32600 levels as the perfect selling zone henseforth.
as far as next month expiry is concerned, 28000 levels can be seen in...
Using Gann Fan and Fib on Heiken ashi candles we can observe the following
nifty is currently taking support at -0.38 level from the all time high with respect to feb 2020 fall levels. is 14300.
this month expiry cannot be above 14700 levels to say the least, so safe selling zone exists here.
any fall below 14300 levels can bring us down to...
so, here comes the first attempt for the breakout. keep a very close watch on this counter.
mazza aane wala hai. i expect next week to give quite a handsome gains as the margin requirements for options will go up,
wait and watch
as shown the stock is time and again retesting the trend line that was earlier acting as a resistance.
with todays volume in the last one hour, this counter can show decent movemnt in near future.
target can either be the swing high or the average range of the candles before breakout....suit it as per your needs.
" ALWAYS TRADE WITH HEDGES ANS STOPLOSSES...BE...
market gave the big move as predicted....
was a much awaited move. seems unlikely that market will fall below 14275 levels any further this month
retracement may be seen till 14750 levels aor near about before falling again.
selling strangles should now be the flavour of the market,
the stock has come back to test its previous support level....any upside in market may be used to create shorting positions.... i would prefer to sell a future and buy similar priced call option with a 50 percent stoploss.....