ICICI Bank Observations - The stock is near Line of resistance - minor support around 756 -757 - gap support around 702-720 odd levels - major support around 680 odd levels Given the set up, one may consider to sell 28 July expiry 780 Call Option currently around 10.5 The strategy has a yield potential of 7.5% approximately and covers risk for a rise in...
Nifty - RBI policy is out - Repo rate increased by 0.5% A not so good News but has the bad news been factored in. Only time will tell Let us look at the charts and see if we can get some cues to trade On weekly charts Nifty closed at 16356 on 27 May I consider that level as important because it was a weekly close and at the same time next week opened with...
After having a bad trading month in April, in May we traded less but got the view and trade right of Nifty moving up from 15800 odd levels to 16600-16800 odd levels. In my last post, it was suggested that Nifty might not move high any further. Accordingly we had covered our Long position and created a short position. Today Nifty has filled up the gap...
When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have...
Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle. - stock is trading above 20 day EMA and - today has managed to closed above it's 50 day EMA Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05) Closing above that could open doors for further up movement towards...
Till the time Nifty is above 20 day EMA, it has a strong possibility to test 200 day EMA and possibly even 17000 odd levels Strategy Consider to sell Nifty 02 June expiry 16400 Put option Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for...
Last time in November when the stock was around 222, this is what was shared The Line of Support provided perfect entry opportunity to buy. Now we have seen the stock moving past the Line of resistance. Will it now act as Support? Only time will tell... Above 285, doors open up for a potential movement towards 305/ 320 odd levels in short term F&O...
Tata Motors - trading near 200 day EMA - 50 day EMA around 429 - trend line resistance around 460 - 470 another resistance zone - Support at 380 Given the set up, strategy for June expiry Consider selling 480 Call option and 360 Put option Lot size: 1425 Net incoming: 10.25 approximately Profit potential Rs 14606 per lot (10%) Risk if Tata Motors closes...
On May 13, we highlighted chart set up which indicated Nifty near possible support zone. On May 17 morning, we highlighted F&O trade data analysis which increased our confidence to stay Long.... Now results of doing our homework is in front of you... - Charts helped us identify important levels where trading decisions can be taken beforehand and - F&O data...
- On charts we observe a Bullish Harami Cross in daily charts pattern F&O trade data analysis Futures - Retail traders squared off 10.2K Long position and squared off 12.88K Short position - FIIs added 10.5K Long contracts and squared off 1.22K Short position - Proprietary traders squared off 13.77K Long contracts and squared off 1.10K Short contracts Call...
- Nifty near its March bottom - if holds on to 15680-15720 zone then it could be a case of Double bottom - Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day) - trend line resistance around 16680 / 16800 Risk factor - we see 50 day EMA crossing below 200 day EMA which is...
BPCL The stock has taken Support at previous reversal zone Now seems to be respecting 50 day EMA - 50 day EMA around 371 - 200 day EMA around 396 Breakout above 396 Target 440 odd levels Stop Loss Close below 358 Risk :: Reward ratio looks favorable to go Long. This is a Positional view and not an intra day trade suggestion Plan your trade...
Nifty This is in continuation from my previous post given on March 29, 2022 If we observe, after breakout from the yellow box, Nifty took a "U" turn exactly from the Line of Resistance identified earlier and baring 2 days, Nifty has traded in the upper green box :-) Strategy given on Mar 29 2022 factored in this kind of possible movement & kept me in...
Infy - the stock has seen a lot of consolidation around 1850 - 1800 zone is an important support level - above 1954 doors would open up for further upside Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone...
Tata Motors - Major Resistance around 500 zone - Major Line of Support at 376 - Minor Resistance around 462 odd levels - Minor Support around 418 odd levels ________________________________________________________________________________________________________________ Given the set up, my trading strategy: Short Strangle for April series Sell 28 April...
Nifty - Nifty seems to be in Consolidation phase - Box size is roughly 440 points - On Breakout Nifty might move towards 17900 odd levels - if there is a Breakdown, potential downside target 16560 _______________________________________________________________________________________________________________ Important levels and potential different...
Observations - Line of Support at 680 - 20 day EMA and 50 day EMA around 668 and 664 respectively - 200 day EMA around 728 Momentum may come once the stock gives a close above 728 - 740 zone 20 day and 50 EMA might provide Support Trading strategy: Given the set up, one may consider Selling Aurobindo Pharma 28 April expiry 680 Put option currently...
Sun Pharma Important levels as per Technical Analysis - stock is consolidating near previous top - potential 20 day and 50 day EMA support at 883 / 861 - probable trendline resistance near 936-942 - above line of resistance, doors open up for a breakout trade potential & target of 996 / 1018 Plan your trade accordingly Take care & safe trading...!!! ...