Trade_with_Raghu

Trade_with_Raghu

the level of 17558 (50ma) is likely to act as support/resistance level. on cues from global markets, nifty is expected to open gap-up above the 50ma levels and find support on 50ma. trading plan will be to enter long-side trade on retest at 50 MA with targets of 17600/654/700. in case of rejection at 50 MA, the down side trade is 17500/174358. Vix is still high...

Trade_with_Raghu

expecting gap down opening near yesterdays low of 39900. negative out look to continue on account of global cues. support levels 38820-800/39620 and then at 39450(budget day levels). going by OI data, the expiry should be in range 39700-39800. expect good amount of volatility and should provide good scalping opportunity. trade in small quantities and with strict...

Trade_with_Raghu

Expecting a gap down opening on the basis of expected rate high by FED and RBI as per data of fed and RBI statement yesterday. the opening is expected around 17500. intraday support levels will be 17495/438/355(budget day low). the oi data suggests that the close should be in range of 17550-650, with trading rage expected to be 17450-17650. Today is monthly...

Trade_with_Raghu Updated 

expecting a gap down opening around 17775. i am not seeing much of a call side action, but expect nifty to test 17800 levels before falling. the expected targets are 720/670. in case there is an opening sustaiing above 17820 on 15 min time frame with retesting atleast in 5 min time frame then a small quantity CE can be looked at for target of 17850/17890.

Trade_with_Raghu

gap down opening about 40500. expecting down movement after retest at 40550 levels. targets in mind are 40340/40175. not seeing any upside movement with fav R: R.

Trade_with_Raghu

40600 is major support and 40800 is resistance. if breakdown below 40600 we could see levels of 40500/40450. upside targets remain 40900 and 41000, mainly on account of expected short covering owing to Finnifty monthly expiry, where there is a good amount of put wrting has happened.

Trade_with_Raghu

nifty respected the levels mentioned in analysis yesterday. there is significant Put buildup and we could see a short covering rally, particularly in 2nd half on account of finnifty monthly expiry. going by finnifty OI data, finnifty could close between 18300-18350 ie over 50-100points up. this indicates a good short covering possibility hence nifty could once...

Trade_with_Raghu

17950 still is the critical level to cross for nifty to move up. in case of gapup opening a retest at 17950 levels before moving upside will see 18000/18030/18078/18100. in case of flat/gapdown below 17900/880 targets will be 17816/760/700

Trade_with_Raghu

nifty is respecting an upward trend line. however as global cues are -ve, nifty is likely to give a gap down opening below the trend line. 17960-18000 is the critical support/resistance band. buy above 18040 with sl of 18010-18000 for targets of 18080/18150 sell below 17950 with sl @ 17970-17980 for targets of 17900/17855

Trade_with_Raghu

BN has broken open a strong s/r zone 41730-41650. it has also broken out of the short term trend line, which should act as support now. the OI data suggests that the expiry is likely to be in range of 41500-41800. due to expiry pressure we might not see much of upside movement. however in case of breakout above 41800 sustaining over 15 min candle, we could see a...

Trade_with_Raghu

nifty managed to break 17950 mark and close above 18000 on 15/2.. however going by OI data, the expiry is likely to be more in range 17900-18000. hence I am bearish on nifty today. unless nifty opens gapup or opens flat and move up sustains above 18078 on 15 min time frame, i dont see any CE position. if it sustains, then target can be up to 18120/18178/18200. in...

Trade_with_Raghu

the box forms the range of BN. if opened below 41650, then PE can be looked at with SL of 41675 and target 41450/41387. CE side only of breaks above box and sustains on 15 min time frame for target of 41850/42000

Trade_with_Raghu

after rally on 14/2/23, the global cues are down and nifty will also likely to see a gap down opening. critical levels will be 17780 and 17950. short below 17780 with SL of 10 points for target up to 17750-17720 and long above 17950 with SL @ 17930 for target of 18000, 18135.

Trade_with_Raghu

BN has been sideways for the last 4-5 trading session trading in range of 41750-41235. CE trade is not looking attractive at this moment on R/r and to be done only above 41750 on retest. for target of 41800 and then 42000. PE trade below 41300 with small SL for target of 41140 and 41050.

Trade_with_Raghu

could see a small gapdown opening due to global cues. trade plan would be PE below 17820 with SL at 17840 for target of 17780, 17750, 17709. in case of gap up or flat opening and uptrend, a proper retest above 17920 could be considered for CE with SL of 20 points for target of 17968, 18098. in case of gap up opening and fall below 17920, PE can be looked at with a...

Trade_with_Raghu

if gapup opening above 17920 and sustain above 17925, we could see rally to 18000 and then to 18100. 17925 is 200SMA on 1hr time frame. in case of gapdown , better to avoid trade as it will be a managed expiry

Trade_with_Raghu

Nifty gave a gap down opening and tested the support of 18060 and ten tested the resistance of 18150 and stayed range bound in a managed expiry. with all global ques showing negativity, a gap down opening is expected on friday(20/1/23). in case of gap down opening, the plan will be to wait for retest at 18000 levels before entering a trade. Any PE buy trade...

Trade_with_Raghu

nifty gap a small gap up to flat opening and tested the resistance label of 18050 in the first candle itself to bounce back and attain targets of 18092,18136,18169. then it stayed in the resistance band of 18138-18169. the closure seems to give mixed signals with18138-150 remaining a strong support downside. however with an eventful US calendar (PPI, DIX...