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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Nifty - earlier we had discussed the importance of 15628 and 15735 and Nifty made a low of 15635 and high of 15737 that day. - In our previous post we had given levels of 15804 - 1840 levels for today That is exactly where we have seen Nifty spend the whole day today. - on a 15 minute chart - First candle, Nifty closed at 15807 and (3 points...
NMDC 173.30 - Offer for Sale by Govt at 165 - Support zone as per charts around 167 - 171 - Momentum might come above the red line Target for the given set up 192 - 202 initially Risk factor: If the yellow support zone is taken out, it may fall down to the blue line. So have provisions have for that scenario too and plan your trade accordingly. Take care ...
Bharti Airtel Observations - we are looking at monthly chart for Bharti Airtel - since March 2021, the stock has not done much and is consolidating - the stock is consolidating above the breakout green line and - a Cup & Handle Pattern is still intact that has took 14 years in the making (a scotch would add value in that long period 😉) Would that be the...
Kotak Mahindra Bank Observations: - On the upper side 1804-1825 levels has acted as resistance - 20 day EMA is around 1773 - 50 day EMA is around 1707 - The yellow zone has acted as a major resistance back in Dec 2019 - Feb 2020 - Now it is consolidating near the same levels For Cash buying consider buying in 2 tranches - one at current levels and 2nd - on...
Nifty In morning post, the importance of 20 day EMA at 15677 and 61.8% retracement around 15628 was discussed and so was the level of 15735 Nifty respected all the levels very well ( 20 day EMA on closing basis, 61.8% retracement on intraday low basis and 15738 was the high for the day)😊 - Today's closing also reflects a Bullish Harami candlestick...
ICICI Bank Observation - 20 day EMA is at 636 - 50 day EMA is at 626 Given the set up, one may consider a Bull Put spread strategy Sell 620 Put option around 9 - 10 Buy 600 Put option around 4 - 4.5 Lot size 1375 The strategy has a yield potential of 12.7% approximately on margin requirement & has an inbuilt loss protection for a fall in price up to 615...
Nifty Last time when Nifty was at 15833, our view did not fit in but our strategy to sell 15700 Put option has kept us in the game. ( Nifty is down 150 points. Loss in our strategy is of 14 points ) - 20 day EMA is around 15677 - 61.8% retracement level is at 15628 . Will it take support here or continue the free fall ? I would be cautious if today's...