ipuneet

ipuneet

Please refer to the chart for details.

ipuneet Updated 

Reliance has been correcting for a while, a short strangle strategy can be attempted to benefit from the reversal. This is far safer in comparison with a naked long or short future positions. Sell 1500 Put and 1560 Call between 25-30 Rs, each, try to manage a payout of 55-60 Rs. from both positions. The position will give max. profit of Rs. 55-60 per unit, if...

ipuneet

Titan has formed a flag pattern, can move in either direction once it moves out of this pattern. Short below 1140, for targets of 1068 - 1039. If it reverses from lower range of channel, buy above 1190 for a target of 1235. Option Open interest shows massive buildup in strike 1200 Calls and 100 Puts, a strangle can be sold at these very strikes. This will...

ipuneet

please refer to the charts for brief and levels. At such high levels, it is a bit risky to trade with naked futures or options. Strategies are the safer, hence better means to ride a trend. Consider the following strategy : Buy one lot Nifty Future at 12338 Buy one lot Nifty 12250 Put at 105 Sell 1 lot Nifty 12450 Call at 80.85 Sell 2 lots of Nifty 12600...

ipuneet

Monday's weakness has already scared the bulls. If it breaks and sustain below 12150 , some more downside can be consolidated. As long as 11950 holds, the fall is nothing more than a Bull Market correction. AVOID positional shorts as long as it does not close below 11950. Exceeding 12300 looks difficult in near term, there has been several failed attempts....

ipuneet

Ist day of the new series saw big open interest addition, Buy on dips or trade on the long side using options. Important levels are mentioned on chart.

ipuneet

Nifty saw a massive long build up on Friday, Dec. 27th, buy and sell levels are mentioned on chart itself.

ipuneet

BankNifty formed a hanging man pattern, within a triangle. Week's low i.e. 31963 is important for bulls, if broken it may invite bears to take charge. 32500 will strengthen bulls and force short positions to close. Triangle has become so narrow, it may give a decisive move, (probably on the lower side), very soon. Weekly patterns are quite reliable from...

ipuneet

An inside bar and doji indicates indecisiveness of participants, while the narrowing channel will provide a direction for a big and decisive move sometime very soon. Weekly charts are quite reliable from a medium to long term perspective. Week's low is near 12110, this level needs to be watched carefully. If broken, it may destabilise bulls. India vix is...

ipuneet Updated 

Nifty is probably on the cusp of a pull back, after touching its targets on upside. will it oblige today or next week is to be seen.

ipuneet Updated 

Important news is out, Gold has been consolidating in a narrow range for some time. Forming a triangular pattern on daily charts with RSI turning positive. I believe, traders can trade in the direction of breach of this triangle, sound chances of relaiming 1500+ USD, if it exceeds 1484.

ipuneet

Nifty touched its target near 12290-300, spend the most part of the day consolidating in a narrow 43 points range. Has risen up sharply, a pull back can be expected. Please check the chart for important levels. Option based or hedged strategies are relevant and relatively safer for such times, if you want to know more about how option (calls/Puts) ...

ipuneet

Medium term investors may look at Wabco India, looks like a good buy around 6280-6330 levels. Targets can be 6580 - 6780 in 2-3 months, keep 6140 as stop loss. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This post is not an advice to speculate using leveraged products, one must thoroughly understand the...

ipuneet

Ashok Leyland is looking good on charts, options chain also supports a trade upto 85-86-87 levles. Keep a Stop Loss of 78.4. Low risk traders can buy a 80 Rs. Call around 3 - 3.5 and sell Calls Rs. 87.5 and 90 calls. Max risk with this strategy will be Rs. 1 or lesser and max. profit 6 Rs. This post does not encourage speculative trading using stock...

ipuneet Updated 

Following the global trends, Nifty displayed exceptional strength today, which continued till closing. Nifty posted the second highest closing, crossed tops of several Doji patterns it has made in the past 2-3 weeks. Today's closing is only 30 points below the all time high, possibly we'll have a new high tomorrow. Today, it formed a big body bullish engulfing...

ipuneet Updated 

Nifty opened positive, and made an all time high of 12132, that was close to the previous high made on election day. Could not sustain high levels and towards 2nd half came down to 12006 and closed at 12037. Technically Nifty made a second top today, and closed in the red. It need to cross the today's high and sustain for the comforts of the bulls, On the face...

ipuneet Updated 

An Bullish Harami could give a strong BUY signal once Nifty exceeds 12114. A large narrowing structure is also worthy of attention, 12120 & 12270 may act as strong resistance areas. 12008 should act as a support for the comfort of bulls.

ipuneet

Bank Nifty managed to take support from a long term trendline, and rallied approx. 1000 points in three sessions. Some correction at these levels is inevitable, any pullback upto 31540 should be utilised to create long positions. Incase there is no correction, chasing rally is not advisable. 31318 should be the stop for all long positions. Delta neutral...