21220 is acting as an excellent resistance 21120 is acting as an excellent support VIX is very low and the market is range-bound We can see that the market is forming lower highs on keen observation. Based on the above a conservative trade idea would be 21100-21250 strangle . A much riskier trade would be going short with SL 21190 and targets 21120...
21570 is a pivot point in nifty Even if Nifty touches the point there will be a gamma spike. Shorting nifty keeping the same in mind. This is quite a risky trade so trade carefully
Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade. 21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785. Below 21700, we can see bearishness. The target should be 21689. I'm leaning towards bullishness with the multi-day trend - today is...
The market will remain sideways from 47650 to 47737. I will plan a finnifty short strangle or sell puts with appropriate risk to reward. Market sentiment today is bullish. So we can plan a bullish trade—SL with 47650 and Target as 47830. The market will be bearish if it sustains below 47600. The target will be 47450, and then I will trail. But for now, my...
Earlier, we had taken a long trade on crude oil based on trends. Now, a slight pullback is expected. I've marked the levels I'm playing with and my position. 6200 has been rejected many times already, and expecting it to be rejected this time as well. The targets are not much. I'm expecting only 3-4% in profit and -2% loss at max. Manage risk accordingly.
Crude oil has given a very good fall. But has it bottomed out? From the charts, we can see 5700 levels is where crude has formed the nearest bottom. Also, the swing high is 6000. I will go long if 6000 is taken out in the next couple of days. Otherwise, I will not be trading on crude.
Bank Nifty seems very weak compared to Nifty. Also, today, the sentiment seems bearish. So, going along the trend I'm expecting profit booking and a big fall. I've marked the trendlines and my positions on the chart. My SL is close above 47870-47880
We could see a massive profit booking in Nifty yesterday. I was not active for a few days and will also not be very active in options. However, I'll be there in cash markets. Today, we see record volumes with vix almost 14.5, making it perfect for buying and selling. I've marked the levels where I'll go long or short. For now, I'm neutral in the market and have...
This morning, my view was bearish to sideways. So, I shorted BNF and sold calls in Sensex options as nifty was much stronger than BNF. The 9:55 candle made me question my view. It dominated the 9:50 candle, which was completely bearish, eating up all my profits and turning red. Today's market is a little bit tricky. Closing below 47665 will be SL. Target is...
Crude has been bullish since morning. We can buy 5900 CE in crude for hero zero if it sustains above 5910
Banknifty is clearly showing bullishness. I've marked the important levels on the chart. I will be buying only after a retracement. Only an upward move without retracement is not a sustained movement. Banknifty has given a breakout in the daily frame. Sideways - 47386 to 47572 Bullish above 47572 with targets 47731, 47830 and 47989 Bearish below 47386 with...
News Based: Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen. Higher oil prices contribute to inflation directly and by increasing the cost of inputs. Hence, we can see a massive crude oil sell-off. Technicals 5755 is a crucial level if Crude sustains below we can see a massive downfall as seen in the image
Natural gas is taking support at 200-201 levels. If it sustains above 202, we can see an up move till 205 and 207.
21183 was a really strong support. Weakness can be spotted in finnifty & bank nifty. If finnifty sustains below the level, we can see a sharp down move and gamma blast.
Crude oil has fallen badly for a few days. Based on demand and supply - marked dot-to-dot levels Today crude has been bullish A morning star pattern has been formed, and there is confirmation Entered during fib retracement. I'll be trailing at 5980 and SL at 5910 . Current level 5940 is crucial, and we can expect a good up move if bullishness...
20890 has acted as a very good resistance, and Nifty took support at 20860. There will be a gamma blast at 20860 and below. So taking a short position, and since I'm expecting a vigorous move buying puts.
BNF had a sell-off in the morning, and there was some recovery later. Then, we can see a resistance being formed at 46900, and there can be a sell-off again. BNF can reach 46800 and 46700 if the same continues. But if its sustains above 46950 there can be bullishness.
The market is range-bound today. Since the market is in an uptrend, selling puts is one of the worst things that can be done. I think I can go long and wait till BNF hits 47100 with SL being 46800. The trade is a bit risky, however.