TCS CMP 1945.60 SGX Nifty is showing a bumper opening. This may not be an easy one. Will require some patience to initiate a trade. Scenario 1 After initial opening, observe if price gets rejected at 1985 / 2005 level. If we see rejection only then look to sell for target of 1930 / 1921 Scenario 2 If TCS trades above those levels then next level to sell...
Nifty closed the day 313 points lower. Let us analyse the data for the day. FIIs sold 16996 contracts in Index Futures worth 803.13 Cr Futures data Retail participants added 9.08K Long contracts & squared off 3.87K short contracts FIIs squared off 1.05K Long contracts & added 15.94K Short contracts Pro traders added 8.08K Long contracts & added 3K Short...
Everything mentioned in the chart Do take proper risk management measures.
LIC Hsg Fin On 9th May, when the stock was at 262, had given a sell around 270 for target of 228. It gave good entry opportunity to sell at those levels... Those who took the trade were rewarded handsomely today. It is not by chance or by luck. But it is the efforts behind the scenes that makes the difference. Start listening to charts & chances are you...
Carrying it forward from where we left in the 1st part... In case you haven't read the 1st part, you can read it here in the link below A batsman’s (trader’s) approach to his batting (trading plan) depends on Whether he is playing: - Test match (Long term investment) - One day International ( Medium term) - T20 match ( Short term / Leverage trade) - Or...
Let me ask you one simple question. Is trading all about buying and selling... greed and fear... profit and loss? Or can we take some inspiration from other aspects of life too...? In one of my earlier post we looked at Art of War & applied the principles of war to trading. Today, I’m going to try & connect cricket with trading. Let's see if it can make a...
Nifty CMP 9154 Weekly closing below 20 day EMA weakens the structure. Any move towards 9220-9240 next week should be watched carefully. Alternatively one may consider selling Nifty 21 May expiry 9400 Call option around 75-85 ( Cmp 78) Take care & safe trading!!!
Marrico CMP 290 Observation - 285-268 is crucial zone - if the zone is held, a possible Head & Shoulder in the making with confirmation of pattern above 315 neckline that may occur in mid-May Based on the view one may consider Strategy 1 Safe Buy above 315 for target of 333 / 340 / 345 Strategy 2 Aggressive traders may consider Buying on dips in the...
Nifty Closing price 9383 This is our Nifty 14-May-2020 expiry strategy view Data analysis FIIs net bought 1626 Contracts amounting -48.87 Cr Futures Data FIIS squared off 11.47 K Long contracts & also exited 13.09 K Contracts from Short positions. In doing so, their over all Open Interest in Index futures has come down to just 78K contracts (40.1K...
DLF Cmp 126 Observation - we are looking at weekly chart - stock is trading below crucial line - a line which provided support since 2017 has been broken - current consolidation phase around blue line similar to 2017 pattern - Strong possibility of zone which acted as Support line may now start acting as Line of Resistance On any rise one may consider to...
Nifty 9086 - Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement One may consider selling Nifty 15 May expiry 8900 Put option cmp 47 Target 0 Be alert if Nifty goes below 8980 Strategy has in built loss protection for a fall up to 8854 Take care & safe trading...!!!
LIC HSG FIN Closing price 261.85 Observations - Gap zone created on 4th May 2020 - stock faces resistance exactly at gap levels - broken the channel in the process - zone of 251-254 may provide some support - once that level is taken out the stock may come towards the green...
Aurobindo Pharma Closing price 648 The chart reflects certain pattern & based on our interpretation, we might see some consolidation in prices for the next month or two. If Aurobindo Pharma is to replicate a Mirror image pattern then a potential Short strangle strategy may be considered. Consider selling Aurobindo Pharma 720 Call option around 20 & 580...
Cipla CMP 589 If I have to buy, that's the price (around 530) I would be looking at. Set your alerts around that level. Follow Take care & safe trading!!!
Nifty CMP 9210 Prima facie Nifty expiry looks likely to be capped on the upside with key levels of 9240 / 9266 / 9285 to act as resistance. On the lower side 9156 could likely be key support levels for the day. My trading play is more inclined towards upside being capped with 9240-9265 levels being my guiding levels This is just a view based on my...
Nifty Cmp 9419 Read this to understand the power of Technical Analysis - There I had shown 4 charts Dax , Taiwan, Dow Jones, Hangseng to give me the confidence that Nifty has a high probability of testing 20 day EMA. - 20 day EMA is currently around 9250 odd levels. - So the message was loud & clear. a potential of 500-600 point drop in Nifty - do...
Ashok Leyland Observation - Multiple resistance between 54-57 & then around 63 levels - before September, it could be extremely difficult to cross the red zone - below 47.65 target 45.50 - if Ashok Leyland starts trading below the green line, then it may be indication of further weakness & we may witness a quick fall towards 38-36 levels. One may consider...
The current lock down has been a tough situation for every one of us. The lock down can restrict you from going out but it cannot stop you from taking in as much knowledge as you want. Let's make the best utilization of current situation. Let's upgrade Trading is nothing less than a war. Think about it. In every trade that gets executed, for every buyer there...