Nifty Till the time Nifty is above 15760-15780 on a daily closing basis it might slowly look to crawl up Trading Strategy Sell Nifty 15 July expiry 15700 Put option currently around 120 The strategy provides an inbuilt risk cover for a fall in Nifty price up to 15580 till 15 July expiry. Take care & safe trading...!!! Disclaimer - The view expressed here...
Ashok Leyland This is what was posted on June 21, 2021 At 115.90 the stock was near the blue line which had acted as resistance previously... In Technical Analysis theory, there is a higher probability of previous resistance acting as support and vice versa. Based on this simple rule the trade was initiated. Today Result NEWS has come out and stock opens...
Ashok Leyland CMP 115.80 Chart suggests at current levels the stock provides good risk::reward ratio to go long. Pattern gets invalidated if Ashok Leyland trades below the blue dashed line Follow the levels Take care & safe trading...!!!
LIC Hsg Fin - The zone of 440-458 is crucial zone for LIC HSG FIN - Blue support line currently around 420 odd levels The target for the current set up 492 / 505 / 518 Strategy: One may consider buying in 2 tranches 1 at current levels and 2nd on further dips towards blue line Exit if closing below...
Aurobindo Pharma Observation - we see a stupendous rally in stock from 797 to 1063.90 levels in 2 months - Since May 11, 2021 The stock is in down trend - 899 is 61.8% retracement level for Aurobindo Pharma - 880-889 has played a crucial role for the stock acting as resistance and support multiple times Given the set up Any price around 920-880 provides...
DLF - level of 308-313 holds significance for the stock - given the set up one may consider to sell 320 Call option CMP around 6.3 - be cautious if DLF trades above 309 and exit if closes above 313 The strategy has a maximum profit potential of Rs 20790 per lot and has inbuilt loss protection for a rise in price up to 326.30 giving ample opportunity to adjust...
Tata Steel Given the set up Suggested Strategy: Bear Call spread Sell 1160 Call option around 20 Buy 1210 Call option around 10 Yield potential till 24 June expiry: 12.4% (approximately) The strategy covers risk for rise in price of Tata Steel up to 1170 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past...
Nifty has taken support at 15732 odd levels Nifty might attempt 16K in early July month Pattern gets invalidated if closing is below 15630 odd levels Risk::Reward ratio favors going Long 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...
IRCTC In to the unknown.... To start with, we are looking at the weekly chart for IRCTC. Above 2184, the stock would be trading in the uncharted territory The time frame we are looking at is for investment decisions/ holding period of 1-2 years. We rely on Cup and handle pattern that we observe here. The orange line is the breakout mark and this is week...
ONGC Last time we gave a target of 128 / 136 The stock did an exact 128 and has now retraced to 120 odd levels. As observed in the chart, at current price, the stock provides another opportunity to enter. Target 136 Pattern gets invalidated if closes below 114 Take care & safe trading...!!!
Idea 9.45 / 8.8 are 2 important levels for Idea The stock is at important 38.2% Fibonacci retracement support levels Short term target 12 / 14 Exit if weekly closing is below 8.50 Sustaining above 14.5 levels and the doors would open for target of 22 / 28 At current levels it provides good risk::reward ratio to go long Take care & safe trading...!!!
Nifty Will Nifty take support at previous top levels. Pattern gets invalidates if Nifty closes below gap support zone of 15580 on a weekly closing basis. Trading strategy for the given set up One may consider selling Nifty 29 July expiry 15600 Put option around 200-220 Lot size: 50 (Yes, you have read it correctly... Nifty lot size is changing from next...
Nifty On June 08, we had highlighted support level of 15633 and the Gap support zone of 15611-15580 Today again we see Technical Analysis showing it's usefulness in making trading decisions at pre identified levels. We cannot time the market but when time comes one can surely make the most of it. The underlying message: do your Analysis and be ready with...
MGL - The stock has short term support at 1180 / 1120 levels - 1260 is a major hurdle if MGL manages to close above 1260 on a weekly closing basis, it might signal a breakout and the stock may head towards 1480 / 1720 Pls note, I do have a bias in this stock (this is my earlier post) The stock has moved exactly as forecasted in the idea above. Hence you...
Adani Power Closing Price 154.10 Back on December 20, 2021, when Adani Power was trading at 47, this is what I had posted . You can read more in the link below. Between 38-47 the risk was very minimum. I have my theory that breakouts on the 5th attempt is not an ordinary breakout. I have done that marking in the previous post chart. This was going to be a...
Adani Power CMP 47.35 - We observe a sudden surge in the stock from 34 odd levels to 64 - the red zone has acted as a major resistance zone since 2013 - it again acted as resistance and the stock has tumbled to 47 - this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels - & if the stock is able to...
Nifty Likely lower end of the range 15659 Likely Upper end of the range 15768 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 /...
Nifty Yesterday we had given a short in Nifty for target of 15680 It didn't work yesterday but today we see Nifty making an exact low of 15680 Nifty has support at 15680 / 15633 Given the set up one may consider Selling Nifty 24 June expiry 15600 Put option & simultaneously Buy 15300 Put option Strategy has a yield potential of 12.3% till June 24...