LIC HSG FIN CMP 272.50 - The stock is at minor resistance - 278-286 is ma major resistance - Yellow Trend Line is the support which if taken out can weaken the structure further for a fall towards blue trend line Given the setup, one may consider the following trading strategy Consider Selling LIC HSG Finance 30 July 2020 expiry 300 Call option CMP around...
Bank Nifty Closing Price 20359 - Bank Nifty is trading at the lower end of the range - in line with my Nifty view which we suggested a range bound activity - Bank Nifty would also likely reflect a possible range bound activity - Weakness would intensify only once it closes below the Black line - Sustaining above 22500 for 3 consecutive days would open up...
RBL Bank Closing Price 190.65 - On daily charts the stock looks over-bought - 158-168 may act as support levels - resistance at 208-212 levels and above that 230 Given the chart setup one may consider buying on dips ________________________________________________________________ Alternatively, one may consider a Short strangle strategy for the stock...
Nifty On 9th June, when Nifty was at 10255, we had suggested a Short Strangle strategy for 25 June expiry Nifty has seen wild swings but our strategy without much fuss has given us the desired results (183 points profit) Yesterday in my Nifty 24 June trade analysis comment section I had given 10168-10180 as important support level So here's the...
Nifty Closing Price 10305 In morning it was recommended to Short Nifty when it was a 10534 levels. Now if you have been following me and seen my earlier posts, this is nothing new.... For those who are new, here is a recap for you all On 12th June when Nifty was falling and was trading at 9698 we recommended a reversal is on the cards and we positioned...
Bajaj Finance was recommended as a short candidate in morning The pattern we observed in morning 5 minute candlestick chart is called Bearish Dark Cloud Cover . ... If you translate that in Hindi, "Kaale Baadal Chha Gaye hai" ;-) The dialogue says it all, what to expect next, isn't it.?? The dialogue is used to depict not so good things to...
Bajaj Finance CMP 3093 Given the setup Consider selling Bajaj Finance 30 July 3600 Call option CMP around 115 Lot size 250 Max profit potential of Rs 28750/- per lot Yield potential of 13.6% approximately on capital Loss protection for a rise in price upto 3715 till 30 July Take care & safe trading...!!! Discliamer: - The view expressed here is my...
ICICI Pru Life CMP 421.20 We recently had recommended a long positional strategy for the stock with a price target of 416 and it has achieved that. Now we are looking at a longer time horizon and bigger picture - the red zone has played a crucial role in the past Given the chart set up one may consider selling either once the orange line is taken out or on...
Nifty CMP 9798 - the green zone has once again provided support to Nifty - till the time Nifty holds 9520 the door remains open for moving towards 10551 / may be even 11100 in weeks to come...
Nifty CMP 10434 - Resistance at 10551 Given the view Consider selling Nifty 30 July expiry 10700 Call option between 215-260 (CMP 218) Max profit potential Rs 16125/- to 19500/- per lot. Yield potential 10% - 12% In built loss protection for a rise up to 10915 - 10960 till 30 July expiry Take care & safe trading...!!! Discliamer: - The view expressed...
HPCL Idea published on 19th June Trade Analysis The trade was purely based on historical price points... important support & resistance levels - the green & small blue line told us the importance of 210-214 levels - targets of 228 / 236 were kept looking at longer time frame horizon The upper resistance is around 243 highlighted by the red line....
Nifty CMP 10302 Nifty may fall up to 10220 / 10180 Stop loss 10330 Alternatively Consider selling Nifty 25 June expiry 10400 Call option around 75 Target 36 / 18 / 0 Stop loss 100
ICICI PRU LIFE CMP 398.65 We observe - range bound activity in ICICI Pru Life for the June series so far - the stock looks likely to test 416 in coming days - support at green line Given the chart set up One may consider selling ICICI Pru Life 380 Put option around 7.5 Yield potential of 5% til 25th June 2020 Loss protection for a fall in price up to...
HPCL CMP 219.6 Till the time HPCL holds 214-212 zone it has doors open to test 228 / 236 ------------------------------------------------------------------------------------------------------------- Alternatively one may consider selling 215 Put Option around 4.5 Lot size 2100 Max profit potential 9450/- per lot Yield potential of 5.5% on Capital. In built...
It's a lazy weekend & Imagine you are watching a Hindi movie especially an old Hindi movie. The film starts with all happy happy moments and then slowly things start to fall apart. Fast forward a little & all the bad thing that could happen, starts happening to the hero or hero’s family. In between, some side actors pop up to give us one or 2 lighter moments in...
Nifty CMP 10255 Strategy for 25 June expiry One may consider selling Nifty 9700 Put option (CMP 82) & Nifty 10600 Call option (Closing price 102) A combine sell price of 184 would have a Max Profit potential of 75*(184) = Rs 13800/- & yield potential of approx. 5% till 25 June 2020 Loss in strategy if Nifty closing is above 9780 or below 9520.
UPL CMP 426 The stock is trading in blue channel. There is a possibility of stock coming towards lower end of the channel. Given the view one may consider selling UPL 450 Call option around 12.5 Lot size 900 Max profit potential Rs 11250/- per lot. Take care & safe trading...!!!
DLF CMP 156.80 Cash target 151.50 / 142 SL 160 ---------------------------------------------------------------------------------------- Alternatively, consider selling Dlf 170 Call option Cmp 3.95 Max profit potential Rs 13035/- per lot. Loss protection for a rise up to 173.95 till 25 June 2020 Take care & safe trading