Reliance - We see the stock in a consolidation phase since Sep 2020 - On the lower side the blue line zone has provided support - the green line area is the ultimate support level.... Given the set up, and the the stock being closer to support levels, one may consider selling Reliance 27 May expiry 1800 Put option around 35- 40 odd levels Max profit...
Nifty CMP 14338 If you have been following me this is exactly what I have been writing since April 5, 2021. - level of 14885 was identified as crucial resistance zone - our arrow marks for Nifty movement drawn in our April 05 post, blue lines showcased in our April 13, 2021 post, reflect Technical Analysis suggesting the zone of 14150-14237 to provide some...
Infy This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted Observations - Infy trading in the yellow channel from July 2020 - on previous 2 occasions, before the result announcement we observe Infy near the channel top - Infy makes a high on result announcement at the top end of the channel...
Infy (CMP 1444) We have INfY result announcement next week on 14 April. Results are expected to be good. Let us look at what the chart is saying... Observations - Infy trading in the yellow channel from July 2020 - on previous 2 occasions, before the result announcement we observe Infy near the channel top - Infy makes a high on result announcement at the top...
Nifty In my yesterday's post I had highlighted the importance of 14460 acting as crucial resistance zone.... Nifty made a high at 14449.05 so far and reversed to give away all the gains.... Technical Analysis is all about identifying levels before hand. Waiting patiently and executing your plans when you see those levels come where risk::reward ratio is...
Nifty Futures Data - Retail participants exited from 197 Index Futures Long Contracts & exited 5.07 Index Futures Short contracts - FIIs exited 2.53 Index Futures Long Contracts and added 14.38 K Index Futures Short Contracts - Proprietary traders added 5.93K Index Futures Long contracts and booked profits in 6.50 K Index Futures Short contracts Call...
Nifty Derivative data analysis for trade day April 9, 2021 Futures Data - Retail participants added 10.97K Index Futures Long Contracts & exited 434 Index Futures Short contracts - FIIs added 990 Index Futures Long Contracts and added 6.56 K Index Futures Short Contracts - Proprietary traders added 1.47K Index Futures Long contracts and added 5.98K Index...
Nifty (CMP 14861) Nifty 50 stock Quarterly Result Announcements to start next week... - Since March 15, 2021 Nifty has been trading in the range of 14940-14460 - we see convergence of 20 day EMA and 50 day EMA - currently Nifty at the higher end of the range - target for the current set up - 13800-13600 - time frame: 28 May to 06 June 2021 Pattern gets...
Nifty CMP 14774 - We have got the rise we were looking for - on charts we see 2 important resistance levels at 14818 and 14885 levels given the levels we have suggested a trading strategy in chart The trading strategy covers risk for a rise in Nifty price up to 14954-14964 giving us ample scope to adjust / exit in case Nifty movement is not in favor. Take...
FIIs Net sold 17441 contracts worth Rs 1802.76 Cr Futures Data - Retail participants exited 406 Index Futures Long Contracts & exited 5.26K Index Futures Short contracts - FIIs exited 6.74 K Index Futures Long Contracts and added 10.69 K Index Futures Short Contracts - Proprietary traders added 2.91 K Index Futures Long contracts and exited 6.47 K Index...
Nifty (in case the chart notes are overlapping, feel free to expand the chart as per convenience) - the red line (Laxman Rekha suggested in month of Feb 2021) has again provided support today... - a 3 day sustainable break of yellow turned dashed red line would increase the probability of breaking the Laxman Rekha for further down move Coming to the 50 day...
TCS Closing Price 3165 Looking at the charts, TCS is once again near important resistance levels. The red dotted line that you are looking at is not drawn after the stock has taken support but was identified way back on January 29, 2021. Take a look at the chart below... (this is an hourly chart of TCS posted on 29th Jan 2021) As you can see the stock has...
DLF (CMP 287.50) - the stock is currently trading at 50 day EMA - 20 day EMA is around 294 - trendline resistance around 300 The stock may face stiff resistance in the zone of 294-302 Considering the chart set up one may look at the following strategy Sell DLF 29 April expiry 310 Call option around 7.5 Max profit in strategy Rs 24750/- per lot. More...
Nifty - As suggested in previous Nifty analysis, Nifty needs to sustain above 50 day EMA. Currently Nifty is trading at 50 day EMA - Given the set up, One may consider selling Nifty 25 March expiry 14400 Put option currently around 65 - The risk at current levels is very less - The strategy provides risk cover for a fall up to 14335, giving ample time and...
ICICI Pru Life Closing Price 472.35 Observation - Prima facie the stock looks likely to have made a triple top around 537 - the stock is trading below it's 20 Day EMA and 50 day EMA On any rise the zone of 480 -488 may be crucial for the stock. Any rejection in this zone can signal signs of weakness and if 469-463 zone is taken out it may potentially fall up to...
Nifty CMP 14461 Writing after a long time... - Looking at the charts In my previous Nifty updates I had drawn a Laxman Rekha line in the month of February and that is where Nifty reversed in Feb month end Now Nifty is back at those levels and Nifty has made a low of 14350 so far today.... What it has done so far is filled up a gap that was formed previously...
TCS 3135 On any pullback, the stock could face stiff resistance and may fall back to lower levels. For levels refer to chart Alternatively, One may consider selling February expiry 3250 Call option in the range of 60-80 Lot size 300 Max profit potential in strategy Rs 18000 - Rs 24000/- per lot In built loss protection for a rise in price up to 3310-3330 on...
Nifty Important levels on the upside : 14842 / 14871 / 14903 / 14935 Important levels on the downside: 14753 / 14724 / 14649 / 14574 Take care & safe trading...!!!