msk_analysis

msk_analysis Updated 

BNF finally after many days did overshadow Nifty today. Will the follow through continue? what could be a possible expiry setup? Will follow through continue - we will come to know by tomorrow day end, I feel it has got high chances of going up tomorrow as well. For the ones who would have referred to my earlier idea on BNF would be already long. The market...

msk_analysis Updated 

DOW Jone future has been trading in a range for last few weeks - 33300 being the lower of the range and 35100 being the upper of range during this consolidation - 50 DMA has acted as strong support and 20 DMA is acting as a dynamic trendline for DOW Futures Possibilities Strong possibility - during the consolidation of such magnitude it makes sense to test...

msk_analysis Updated 

28th Jan - BNF moved from 29587 to 37708 (ATH) in just 13 trading sessions - that was aggressive 19 Apr - BNF made a low of 30405 - very near to its starting point - took 40 trading sessions to do that after which it has been making some higher high and higher lows since the last 32 trading sessions with multiple bullish engulfing bars and one single bearish...

msk_analysis

For those who missed the BNF rally - tomorrow we may get an opportunity to enter again 34500- 34700 is support zone/demand zone Expiry trades are quite volatile and risky - So bet only what you can bear on Thursday it may touch 37000, will it sustain or not can't be said but it looks from the price action and data that it has a very high probability to touch...

msk_analysis Updated 

BNF made a day move of more than 1200 pts yesterday and closed above the high of the last 9-10 days It is now at major resistance, the upper side of a downward channel it got rejected 4 times from that channel and now it's the fifth time - so why do I feel it's gonna break it this time? - The candle size tells how strong the move would be - in all failed...

msk_analysis Updated 

Flag Pattern basically in simple language a figuratively a pole and flag - drawn on the chart How does a flag pattern matters in trading? Flag patterns signify trend reversals or breakouts after a period of consolidation. So the important point to note here is CIPLA would be out of consolidation either will fall or rise from here. Usually, the break out or...

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NASDAQ after re-testing its ATH countered a profit booking in the last week, Indian markets also remained volatile looking for directions from global markets Now that NASDAQ has broken its trend line, support zone and expected to fall at least for a couple of days, How would Indian markets react the movement of NASDAQ happens outside of Indian trading...

msk_analysis Updated 

BNF taken box support Target 32950 SL day low

msk_analysis

Nifty has been trying hard to keep upside momentum but it looks like negatives are outweighing the positives yesterday FII sold 2200 cr, today 1700 cr so May series starts with FII taking out 4k cr from the cash market Jobless data of India, corona cases still not at comfortable levels .. Though few may argue this was the case couple of weeks ago as well .. what...

msk_analysis Updated 

Nfty Trade for Today & Tomorrow Nifty has a false inside bar range break-out on Friday. A straightforward trade setup is If it breaks Fridays low - pls note IF and only IF There is a high chance that it will test the low of Mother bar of the range Target and Stop loss provided on charts Happpy Trading MSK

msk_analysis

BNF before the budget retraced up from 0.786 lvls of the last swing the next rally saw a retracement from 0.886 lvls of the last swing the fall to 0.886 lvls has been interesting - from a vertical rise after budget BNF was following a falling wedge pattern and did a break down from that and started following a descending triangle pattern. it broke down...

msk_analysis

Looking at the option chain The highest call OI is at 15000 strike price - that will act as resistance and may attract the price towards that. If it's taken out we may see some good upside Interestingly 14800 strike price has 3.1M call OI and 2.6M put OI - so that has also got good potential to attract price towards it Expiry Trade Strategy Either...

msk_analysis

BNF looks weaker as compared to Nifty, possible reasons maybe it was waiting for RBI meeting or Banks still awaiting the guidance from Govt on interest on interest thing after Court orders whatever may be the real reason - the Indian index is struggling to fire as compared to the US index. this doesn't mean that when US index will rise Indian index should also...

msk_analysis Updated 

It felt fulfilling to pick BNF moves in the last two ideas in this series. please refer to the related ideas part for the same after testing the unfilled GAP zone what are the possibilities? BNF may fill the GAP as it doesn't make sense to come so close to an unfilled GAP and don't fill it. once it fills the GAP, then it would be very near to 0.618 retracement...

msk_analysis Updated 

this is in continuation with the earlier idea BNF today was difficult but eventually completed the target of testing 50 DMA two possibilities now from here reverses from 50 DMA tries to test the unfilled GAP nearby I would be taking OTM options of 33900 PE as expect a GAP down, in whichever case if it reverses or if it falls will exit the...

msk_analysis Updated 

BNF is in a zone that is really hard to day trade. Tomorrow is Wednesday so premium decay would be a factor to consider if you are playing with option buying There can be two possibilities BNF makes a trending move downside towards 50 DMA. DMA are like magnetic lines that attract price towards it when they are near. Usually, it is also seen that patterns...

msk_analysis Updated 

TRENT is showing matching high pattern characteristics details provided on chat The risk-reward is always more favourable when you enter as near to SL (easier said than done :) ) Happy Trading MSK

msk_analysis Updated 

It made a big red candle on Friday with good volume. may consolidate and fall further the rsi is yet to get into the oversold zone the blue lines may act as a supply area. SL 478 Entry zone - 469-474 Target - 428 Above are spot price- If trading futures do keep a check on spot prices, if trading options keep a watch on premium decay as in second half of...