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...!!! ...
Nifty has taken resistance today at 61.8% retracement level Going forward important support and resistance level for Nifty Resistance: 17320 / 17440 / 17620 / 17735 Support: 17051 / 16960 / 16820 / 16705 Suggested trading strategy Given the set up, One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option...
Chart is self explanatory 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 educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind...
On Jan 27, when the stock was at 376, this is what was suggested The stock gave ample opportunity to buy. Today JSPL has made a high of 444.80 That is 18% ROI in about 15 days. CMP 438 (16.5% approx) Profit booking can be considered Just following SImple Technical Analysis and results are in front of you Happy trading....!!! (P.S: The credit here...
JSPL - the stock is currently trading below it's 50 day - The stock is currently near it's 200 day EMA (a tad below to be precise) If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447 - Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350...
In my previous post we had mentioned that 17550 zone is crucial for the markets. Sustaining above that would open doors for further upside Despite the ups and down, despite the volatility, Nifty managed to close above 17750 on Budget day giving signs of strength. Till the time Nifty manages to stay above its 50 day EMA, it might be a good idea to buy the...
DLF the stock is heading at a zone where there is plenty of resistance between 395-414 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 educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard...
Nifty is at crucial resistance level. This could be make or break levels for Nifty... Sustaining above could open doors for 18200 odd levels... Unable to sustain might take it down back to 16800 odd levels. Be cautious and Stay alert. Note: This is not for intraday. The range is for the Feb month Disclaimer - The view expressed here is my personal view -...