Nifty For the last couple of days Nifty has been taking support around 50 day EMA. However it has not been able to capitalise on the same as it has faltered to gain momentum... Last time it was suggested that around 17566 there are opportunities for both rhe Bulls and the Bears for a 80 - 100 point play. Nifty did 100 points up movement but things are...
Nifty Important levels have been mentioned in the chart Nifty has fallen for 3rd consecutive day - yet again held on to the blue support zone for April series Yesterday I had mentioned that 17566 is an important level to watch out for as it can give an entry opportunity to both Bulls and Bears. For a 20-30 points risk it provides a reward potential of 80-100...
ICICI Bank is expected to come out with results. The stock has tested it's 76.4% retracement. Given the chart set up, one may consider a Bear Call spread strategy for May expiry. Sell 900 Call option and Buy 920 Call option. Profit potential of 19% on margin. Take care and safe trading...!!!
Nifty In my previous post, one of the important levels given was 17615. Nifty made a low of 17610 and recovered to close the day at 17660 For tomorrow important levels have been given in the chart. Watch out for Nifty 17566. For a 20-30 point SL it can provide a 80-100 point reward potential in either direction. Of course I reserve the right to be wrong. Pls...
The stock looks good for target of 168 / 174. One can look for a medium term target of 204/ 220 as well.
In previous post One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85 Also had suggested the blue zone may act as Support zone for Nifty in April series. Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What...
We are looking at hourly chart of Nifty. Result season has officially begun with TCS results out Let’s see what Data is telling us… Index Futures Retail traders squared off 7099 Long positions and added 10005 Short Contracts FIIs added 7717 Long contracts and squared off 11004 Short Positions Pro traders added 3776 Long contracts and squared off 1589 Short...
Nifty has broken below yesterday's high. One may consider to sell for a target of 17545 Keep a SL at 17742 Take care & safe trading...!!!
Nifty Important levels are given in the chart itself In previous post had suggested a Short Strangle strategy for Nifty 20 April expiry with Net receivables of 141 points Current Update Nifty 17700 Call 92 Nifty 17200 Put 27 From 141 the spread has come down to 119 giving a Net profit of 21 points per Strategy lot so far... Take care & safe trading...!!! ...
Nifty - Nifty has given a breakout from the Blue box and is now trading in the yellow box - 252 day EMA @ 17396 - 63 day EMA near 17540 - Line of Resistance 17620 odd levels around 20 April 2023 - 21 day EMA around 17240 - Lower level of Yellow box 17220 odd levels - RBI Policy Announcement on 6th April 2023 - Result Calendar to begin soon View: Rangebound...
Nifty - Important levels are given in the chart - Earlier when Nifty was at 17050 odd levels I had given a bearish view - Nifty is down 100 points from those levels - Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the...
Infy (1492) We are looking at weekly candlestick chart In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts. Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone If withheld then stock can be looked with an upside target...
Nifty Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels Nifty achieved it's 1st target but is struggling thereafter. In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target. On the lower side 17065 was given...
Nifty Did I know the SVB Bank collapse... Absolutely No! But Technical Analysis gave us a warning signal well before the NEWS. I had shared the analysis well in advance... More so I have also shared analysis on Banking stocks which were suggesting those were at resistance levels. The results are in front of you. Nifty is now at the lower end of the...
Nifty Based on Chart set up and derivatives data analysis Likely expiry range for Nifty 17065 / 17100 on the lower side Upper side 17233 could be an important figure to look out for...!!! Take care & safe trading..!!!
Nifty - Managing to hold above the green trendline - managing to close well above VWAP - managing to close above 16985 (Closing figure of Thursday Doji candle) On charts, these are looking like positive signs for the Index so far. Given the chart setup, We might see Nifty once again attempt to regain 17200 odd levels and thereafter 2nd target in the current...
Nifty Yesterday if we observe in daily candlestick charts Nifty formed a Doji candle - suggesting indecisiveness. Today on a 15 min candle we observe Nifty struggling to stay above yesterday's high as of now. Based on data analysis, FIIs were once again seen selling Index Futures. That makes it clear why Nifty has struggled so far. Now that Nifty is near their...
"A reversal is just anything that's a surprise. It's a way of keeping the audience interested" - Tony Gilroy The back drop before the day started - negative NEWS in the Global front / - European Markets closing 2-3% down yesterday, - Negative mood in Asian Markets There were people giving interviews of Nifty falling up to 15100 odd levels. So it was easy to...