Nifty 61.8% Fibo retracement at 17767 and 76.4% Fibo retracement at 18091 Take care & safe trading...!!!
Observations - the stock has given a breakout in the short term on December 8, 2021 - the stock has given a breakout in the medium term on December 22, 2021 - 20 day EMA cross over above 50 day EMA on Dec 29, 2021 Is Aurobindo finally recovering from the illness (that took it down from 1063 odd levels to 620 odd levels) and roaring to get back??? A final push...
Nifty Given the set up Nifty could be moving towards testing 50 day EMA & further towards 17460 odd levels 17155 / 17070 are important support levels 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,...
ONGC Observations - stock is currently in short term downtrend - stock trading below it's 20 day and 50 day EMA currently around 141 and 144 respectively - 200 day EMA currently around 129 128 acted as resistance previously and could possibly act as Support now - Blue Trendline support also comes around 130 odd levels - So we see multiple support levels...
Nifty Important levels on the down side: 16840 / 16812 / 16768 Important levels on the upside 17055 / 17140 / 17330 16985-16880 could be consolidation level for Nifty Till the time Nifty is above 16840 I might be inclined towards buying the Dips Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is...
- Bank Nifty is trading near lower end of the blue up trend channel - Weekly closing for tomorrow could give some insight - Important levels on the lower side: 35133 / 34920 / 34769 / 34575 - Important levels on the upside: 35615 / 36020 / 36224 / 36800 are important levels for Bank Nifty going forward Take care & safe trading...!!! Disclaimer - The...
Reliance Industries On 25 Nov, this is the chart that was envisioned... The stock movement has so far been on expected lines and now we see Reliance around 2280 odd levels today... 2260-2280 acted as Resistance in June 2021. Would previous Resistance of June 2021 now act as Support...? 200 day EMA at 2277 coinciding with important Support levels Given the...
Infy The stock looks set to conquer 2000 odd levels 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 -...
Tata Motors 455 - On the downside 435 / 415-420 are important support levels - On the upside 485 / 500-510 zone are important resistance levels Given the set up, a Short strangle strategy may be considered for January 2022 Series Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee...
Nifty - we have seen 20 day EMA crossing below 50 day EMA - every attempts to pullback above 50 day EMA went futile - 200 day EMA currently around 16284 - Last it tested 200 day EMA on 25 September 2020 The way things are set, Nifty has a good probability to test 200 day EMA Stay cautious and trade light. Disclaimer - The view expressed here is my...
Nifty In my previous post, it was suggested that I would prefer not to Short Nifty at current levels of 17280, but I would not prefer to buy Call options as well. For most part of the last 3 days, it traded in the red gap zone channel, virtually eating away premium of all the Options of 16 Dec expiry. Our strategy: In the previous post, 2 levels for...
Nifty Although markets can fall further, and can be irrational, we are at a place where Nifty has filled up the 2nd gap. Whether it falls or rise only time will tell us, but based on the underlying conditions I would not prefer to short at current levels. (This does not mean I would buy Call Options). Trading strategies should factor in - the Risk::Reward...
Nifty In morning when Nifty was trading well above 17600, this is what we had posted... We warned about possible downside based on simple understanding of Gaps... We did not get carried away with the positive momentum but simply went with what Technical Analysis indicated us. And boy oh boy... it did not disappoint us at all...😀 It gave us clarity to book...
Nifty In our previous post we had indicated a bullish stance based on the chart set up.... Accordingly we had shorted Nifty 17000 Put option for 30 Dec expiry around 100. Today we see Nifty opening with a big gap up and that chart set up analysis did helped us. We have duly booked profits in our trade. The current set up makes us feel... It's time to be...
LIC HSG FIN Support and resistance levels are highlighted in the chart T1 & T2 are the target levels to play for Potential Support zone should be withheld going forward. In case if it breaks, then the view gets invalidated. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for...
Nifty Last time we had given a short with a SL at 17440 We exited with minor hit. This is how the current set up looks like Till the time the orange line is withheld it has doors open up for a rise up to red line Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future...
Nifty CMP 17404 Consider selling 30 Dec expiry Nifty 17800 Call option currently around 108 SL if Nifty closing today is above 17440 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...
Note this is not a trading idea now but a post analysis of trading plan discussed in my previous update. We are looking at a 15 minute chart here, to see Nifty behavior in detail, corelate the movement with our previous analysis and see how useful Chart Analysis can be... The red zone can be found in my the previous analysis also... Refer to my previous...