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Nifty 13558 FIIs Net sold 8803 Contracts worth Rs 811.83 Cr Futures Data - Retail participants squared off 49 Long Contracts & squared off 6.48K Short contracts - FIIs squared off 2.34K Long Contracts and added 6.54K Short Contracts - Pro traders added 1.10K Long contracts and exited 1.35K Short contracts Call Option - Retail participants added 1.28...

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Nifty CMP 13533 Prima facie the chart set up reflects resistance at red line and Blue line likely to provide support F&O data reflects unwinding of position seen yesterday in Index Futures by FIIs after a long time. Given the set up, and Data analysis one may consider Selling Nifty 13700 Call Option between 45-55 (CMP 46) The strategy provides protection...

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Dear Trader, “We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.” – C.S. Lewis Many a times I see retail participants buying Call and Put options based on hope. Even on 10th December 2020, Data analysis suggested...

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UPL Levels mentioned in the chart

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Nifty FIIs Net sold 11765 Contracts worth Rs 1129.79 Cr Futures Data - Retail participants added 8.39K Long Contracts & exited 1.38K Short contracts - FIIs booked profits in 12.61K Long Contracts and exited 850 Short Contracts - Pro traders added 1.78K Long contracts and exited 508 Short contracts Call Option - Retail participants added 1.11 Lakh Call Long...

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Nifty CMP 13211 On 19 Nov 2020, when Nifty was at 12770, we had mentioned this Is Nifty setting up for 13240 Nifty does the target today making a high of 13250.30 We observe the Nifty to be trading in a rising parallel up channel Given the setup one may consider the following Short Strangle strategy in Nifty for 10 Dec expiry Sell Nifty 10 Dec expiry...

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Wipro CMP 358 On November 05, 2020, this is what we had posted The price was at 347 and we had suggested to go short on 360 Call option at 4.6 In that we had mentioned SL at 365 but be watchful if it crosses level of 353. A close above that would indicate further upside movement possibly towards our SL at 365 Notice how the level of 353 acted as resistance...

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ONGC This is what was mentioned on 05 November when ONGC was trading at 67.5 The chart speaks for itself.... Do Hit the LIKE button, or comment below and follow for more such trading ideas Enjoy and Happy trading...!!!

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Nifty Closing Price 13258 If we observe the current rally and co-relate with structure we saw in Jan - Feb 2020, we observe that it has completed a mirror image pattern to the tune of 50% - the current channel size matches the size of red channel - the upward slope in blue channel matches the downward slope in red channel So far so good.... (When we had...

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Nifty CMP 13095 - we observe support potential in the range of 13035-13065 Given the set up, one may Consider selling Nifty 13000 Put option for Expiry date: 03 Dec 2020 Current price around 44 Pattern gets invalidated if Nifty falls below 13035. The strategy, however covers risk for fall in Nifty price up to 12956 on 03 Dec 2020 giving ample scope to exit...

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Nifty 13055 On 19th Nov, when Nifty saw a fall of 166 points we had suggested In that post we had mentioned the importance of 12830-12874 zone and that is precisely the level which acted as minor resistance intraday and then the next day the same zone provided support... See it for yourself And this is not like when Nifty is at the crux of 13000...

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Nifty 12771 - Nifty had a 166 point drop today - as of now it does not look like the end of bull ride but just a pause.... - chart set up still suggests that it has unfinished business & has doors open for a move towards 13240 odd levels in short term - minor resistance at 12830-12874 levels - support at 12630-12572 odd levels - pattern gets invalidated if...

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Wipro CMP 347 We observe - Wipro chart has done a gap filling activity - trading above 20 day EMA currently around 338 - 365 important gap resistance level Strategy: Given the chart set up One may Consider selling Wirpo November expiry Call Option Strike Price 360 In the range of 4.6 - 5 (CMP 4.6) Lot size 3200 A 3 day close below 20 day EMA would...

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Reliance - The region of 1850-1820 is an important support zone for Reliance - 1935-1960 is another short term important support levels to watch out for - 2057 - 2096 is an immediate resistance zone - positive momentum above 2109 levels Given the set up the stock can be looked for target of 2450 in medium term Pattern gets invalidated if weekly close is below...

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ONGC CMP 67.5 Observation - the current low of 64 odd levels is higher than the previous lows - zone of 68-71 is crucial for ONGC given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114 exit if stock gives a weekly close below 60 Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any...

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Nifty Back in August, 04th August 2020, to be precise, we had put forth this scenario that Nifty could potentially make new highs in the next 6 months... . At that point it seemed crazy, ridiculous, impossible, but come November, we are in the 4th month and here we are, Nifty at a new high... This is what we had said back then... by trading above 10551 for a...

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Nifty CMP 12540 Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious??? Lets look at chart set up In the chart we observe - Nifty Breakaway Gap up - Nifty Continuation Gap up - today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap So it would be wise not to get too...

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DLF CMP 165.5 We observe - the stock has minor resistance around 167 odd levels - major resistance around 173 odd levels - Weakness may be seen if stock closes below 162 for 3 consecutive days - Target in that case could be placed around 154-152 levels initially Given the chart set up, one may consider selling DLF November expiry Call option Strike Price...