daerontrading

daerontrading

Massive movement in both direction and banknifty gave profits and hit SL on both sides. Market mood was super bearish right from the opening and people aggressively shorted right at the opening. This led to the major short covering in the first hour itself. Movement was big enough to start some profit booking which gave bears the chance to capitalise given the...

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Keep an eye on SGX nifty as global markets are reacting to the worse than expected inflation data from UK. Nifty is likely to open around SGX nifty levels Fresh long position will come only above 17945. It is likely that in an even of a gap down buying will come at some point Conviction bullish Bias bearish Trading Ideas Long above 17945 Target 18000+ Short...

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Good consolidation with up move in the second half after making a cup and a holder pattern. But if we look at US markets right now, they seem to be in deep red and the reason behind this is likely to be the UK inflation data which is worse than the estimates. Thought Dow is trading above VWAP it is still in red given the gap down opening. This scenario, where...

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Consolidation killing option buyers but favouring the option sellers. Given the price movement, people have heavily written calls especially 38500 CE. These positions would a problematic in case of a significant gap up if Dow can hold it till tomorrow morning. The writing in banknifty has been more directional as compared to Nifty which is more of a balanced one....

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Both the indices had a subdued movement. Even though nifty opened above our mentioned level but immediately came down to trade below it. Given this fact we basically did not have any major trade on the option buying side. Sellers have had a good day. With this our previous levels still stand and would likely work well. There is some spurious activity at the 17400...

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Nifty had a comparatively strong opening when you compare it with banknifty. The up move was steady and strong and the doors o 17800 looks very much open as per option data. Overall market has a bullish bias and nifty stocks are following suit. The major movement has to come from Reliance if and when it crosses 2600 which has been a strong resistance. So keep a...

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Bullish trend prevailing in market even in case of a subdued opening. This is being supported by the heavy put writing in both the indices. Dow is flat with Euro markets moderately strong. USD INR is the only laggard in this whole scenario. Given that, we can expect a flat to gap up opening in banknifty. In case of a gap down opening it would create some panic...

daerontrading

Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Banknifty is going to be extremely bearish . Other factors that might be crucial for banks are Crude above $120, US 10y Bond yields sustaining above 3.1%, Dow Jones crash, etc. Conviction bearish Bias bearish Trading Ideas Long above 34612 Target...

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Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Nifty is going to be extremely bearish. Conviction bearish Bias bearish Trading Ideas Long above 16231 Target 16282/16352 Short below 16172 Target 16142/16084 >>Option buying Long Position: Buy 16300 CE Short position: Buy 16100 PE / 16000 PE...

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Gap up opening followed by a sell off and then massive short covering followed by a second episode of selling. In this market almost everyone got their views right but how many have made money is a question that needs to be asked. Nifty made an M pattern following which the down move started but it is mentally difficult to take a short position after such a...

daerontrading

Gap up opening followed by a sell off and then massive short covering followed by a second episode of selling. In this market almost everyone got their views right but how many have made money is a question that needs to be asked. Conviction bearish Bias bearish Trading Ideas Long above 35150 Target 35450 Short below 34800 Target 34720/34581 >>Option...

daerontrading Updated 

Gap down opening followed by a downtrend but recovery in the last 30 mins. Expecting a trending day tomorrow in case of a break out or break down as there has been massive option writing in both call and put at 35000. People are playing short straddle at that strike price. There is a possibility Trading Ideas Long above 35150 Short below 34890 >>Option...

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Gap down opening followed by a downtrend but recovery in the last 30 mins. Nifty has more of bearish stance as compared to banknifty. It is very weird to notice the amount of short covering that has happened at the 16300 PE Trading Ideas Long above 16450 Short below 16382 >>Option buying Long Position: Buy 16500 CE Short position: Buy 34900 PE >>Option...

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Initial dip followed by a steady up move. Bias Neutral Conviction Neutral Long Above 35400 Short below 35264 Option Buy 35600 CE for long 35200 PE for short Option Sell sell 36000 CE Disclaimer Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks,...

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Range bound action with some volatility as seen in the last 30 mins. Please keep a watch on Reliance before you make a trade on Nifty There is some weird activity at 16950 CE where people have exited Bias Neutral Conviction Neutral to bullish Long Above 16650 (with smaller SL long can be taken above 16614) Short below 16438 Option Buy 16700 CE for long 16400...

daerontrading

CHART green candle in both indices; nifty closing above 200 EMA OC 17000-17300; 36000-37000 PCR bullish FII 743 DII 780 FnO Data long build up RSI 49, 48 ADX 15, 15 Conviction bearish Bias bullish Int. Markets green OUTLOOK usually a gap down opening happens after such moves but int. markets are in green TRADE NIFTY: long above 17320, short below 17220;...

daerontrading

CHART Green candle both indices; nice bullish move near second half OC. 17600-18000; 37500-38000 PCR. bullish nifty; bearish banknifty FII. -575 DII. -16 FnO Data long build up RSI. 59; 49 ADX. 17; 17 Conviction bearish Bias. bullish Int. Markets green OUTLOOK nifty looks bullish, banknifty is still range bound; 37500 call...

daerontrading

CHART Green candle both indices; nice bullish move near second half OC. 17600-18000; 37500-38000 PCR. bullish nifty; bearish banknifty FII. -575 DII. -16 FnO Data long build up RSI. 59; 49 ADX. 17; 17 Conviction bearish Bias. bullish Int. Markets green OUTLOOK nifty looks bullish, banknifty is still range bound; 37500 call...