indiamarketoutlook

indiamarketoutlook

Nifty In my previous post when Nifty was at 15638 we had given a positive trading strategy and that was to Consider to sell 26 Aug expiry 15400 Put option around 150 However at current levels, there is no clarity once again. Why am I saying this? Usually when price increases, Open Interest in Futures should also increase. However, it was observed that the rise...

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Nifty I have covered my short positions in Nifty at 15603 odd levels. One of the reasons for covering up short position PCR yesterday was at 0.81 Important levels on the lower side 15580 / 15525 / 15450 __________________________________________________________________________________________ Given the set up Consider selling 26 August expiry 15400 Put ...

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Note this is not a recommendation for any trade. But just an analysis of Index F&O trade data for today. Trading in Futures & Options involves real money and is very risky. It is like a 3 way fight between retail traders, FIIs and Proprietary traders. In a war, it is important to understand your opposition's strength and weakness. In many war history, we can...

indiamarketoutlook Updated 

This is not a recommendation. Trading in Futures & Options involves real money and high risk. Hence there is a need to do more study before you randomly take a decision. Just like in a game of Chess, when you plan to make a move, you need to factor in opposition's game strategy. Using the same principle, when trading in Futures & Options, we should be aware...

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DLF This pattern occurs when two green days appear with equal closes in an uptrend. It might indicate a short term top has been reached. - A new high was made today but there was no follow through buying, which bought it back to previous day's close. - Interestingly this has happened near the high made in March 2021 - It could be a case of a good resistance...

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HDFC AMC CMP 3099 The stock has taken resistance at previous top Current set up has target of 2930 As a safer bet, Consider selling 3200 Call option

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Nifty Observations - Nifty trading in yellow channel from April 2021 - Since May 31, 2021, Nifty has been sideways (trading mostly in a 300 point range) - the orange line has acted as a road block - the lower side of the yellow channel has provided support on 4 occasions so far - if Nifty comes to lower end now of the yellow channel, it could be it's 5th attempt...

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Spicejet CMP 78.70 So what is this "Mera wala price" (My price to buy) and "ab toh mujhe dekh le" levels (at least take a look at me now) No these are not levels which have come from my heart. But what I see as charts trying to tell us. Let us see what are these terminologies with the help of Spicejet Observations: - Spicejet is currently trading between 20...

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Infy CMP 1555 - The set up has a target of 1496-1508 levels on the down side below which there could be further extension fall towards 1453-1465 - on the upside I would be cautious if Infy trades above 1578 - note I do have my bias in Infy so do your due diligence Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal...

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BHEL CMP 66.60 Observations - Long term trend is up - currently in short term down trend - trading between 20 day EMA (in yellow) and 50 day EMA (blue) - there was a big gap down on 14 June 2021 - that zone may act as resistance for some time - thereafter the stock has struggled to get past the orange line around 69.60 - the yellow zone is where the stock...

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Infy Observation - After result announcement, Infy goes into consolidation mode for a 2-5 weeks - it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis) - current rally is measured at roughly 21% so far and another 9 trading sessions to go - if Infy is to follow the blue channel, then we have be at the...

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Infy - In Technical Analysis it is said, "Price factors in every thing." Does it: Let us see with Infosys chart and result announcement news What charts were saying before result announcement Chart Observations Channel trade - we see Infy moving in the red channel since July 2020 - the channel was broken in Feb 2021 and that was an indication of Infy...

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Nifty CMP 15853 Observations - Nifty traded in down trend channel since Feb 2021 till April 2021 - Currently Nifty is trading in Uptrend channel Now that we have identified the trend, let us look and analyze Futures & Options data for 05 July 2021 and understand how each market participant viz - the Retail traders, - FIIs and - Proprietary traders have...

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Nifty Closing Price 15689 - It was on June 01, 2021, when Nifty had touched the channel top at 15660 - Come July 09, Nifty is back to the same levels, however this time it is at lower end of the same channel So after a month and 9 days basically, Nifty has been running around just to realize that it still at the same place...🤦‍♂️😒 - Nifty was in the red...

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Reliance The stock recently made a high of 2261 On the lower side, 2067 / 2000 are important support levels Given the set up One may consider the following Short strangle strategy for July series Sell 29 July expiry 2260 Call option around 35 Sell 29 July expiry 2000 Put option around 25 Max profit potential of Rs 15000 per strategy lot till expiry...

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Nifty I already have my strategy in place, and just playing along with the same. But for those who were looking for fresh opportunity, yesterday, it was suggested to look for buying opportunity in Nifty if it comes between 15760-15780 levels where Risk::Reward ratio would turn favorable again... You can read about it below Today Nifty bounced back...

indiamarketoutlook Updated 

Nifty In my previous update, it was mentioned that above 15865 1st target would be 15915 and thereafter 16020 Nifty made a high of 15914.20 today so far.... Time and again Nifty respecting levels we identified with Technical Analysis to perfection Need we say anything more... Fresh entry opportunity could be considered on dips towards 15760-15780 levels...

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Tata Motors There was a NEWS today in afternoon with regards to Chip shortage effecting JLR car production and that it might take a toll on profitability for the Company. The NEWS took a heavy toll on Tata Motors instantly. Now let me go by disclaimer, this is analysis in hindsight which is easier as the outcome is there in front of us now. Also, I have not...