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...
Nifty - in the last couple of days Nifty has seen volatile up and down swings, however it has managed to make a higher bottom (positive) - However in the broader picture we have seen Cross down of 20 day EMA below 50 day EMA (not a good sign) - Important zone between 17417-17338 which may act as Potential Resistance - 200 day EMA not tested since September...
LT We are looking at weekly charts of LT Charts reveal 1680-1658 and 1615-1593 as important levels on the downside The zone around 1600 acted as Resistance in 2019, Feb 2021 and June 2021 before seeing a Breakout in July 2021 On any further dips the stock could provide better Risk::Reward ratio to go long. Take care & safe trading...!!!
Aurobindo Pharma - The stock has been an underperformer since May 2021 - Was the recent breakdown below 680 just a shakeout of weak hands or would it get resisted again? - We are soon to find out... The stock is near make or break zone. Momentum might be seen on sustaining above 712 Note: In our last stint with Aurobindo Pharma it did not work out that...
Reliance The stock is currently near Support zone On the upside in the short term it may find resistance around 2512 odd levels Till the time the 2nd line of Support is held on to the overall set up for medium term looks good Target for medium term 2720 / 3200 Take care & safe trading... Disclaimer - The view expressed here is my personal view - Past...
Nifty If you have been following me, you would know that when Nifty was around 18000 we had given a target of 17385 / 17235 Then when Nifty fell 800 points, we said to expect a bounce back up to 17538 / 17620 Nifty made a low of 17216 and then when it bounced back it made a high of 17600.60 just 19 points from the levels we had given... If you have been...
DLF View: Range bound - Possible resistance level and Support levels are discussed in the chart Given the set up a Short strangle strategy may be considered 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...
In our previous Nifty post when Nifty was around 18000, we had given a target of 17235 for Nifty. Well, today Nifty has made a low of 17216 and now recovered from there. Need Technical Analysis say anything more??? Expecting some bounce Target 17538 / 17620 Take care & safe trading....!!! Disclaimer - The view expressed here is my personal view - Past...